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Market Update
South Maui's real estate market has taken a turn for the better. We are witnessing a note-worthy decline in inventory. In turn price action is not only leveling off, but also slightly appreciating. Take a look at this table which illustrates the inventory decrease between January 1st and October 1st of this year. Kihei single family home inventory is leading the charge: Nearly 50% off January levels. Amazing!
This graph provides another view on what is happening in South Maui. Will these trends continue and spread island-wide? With Maui's high season for both tourism and real estate just around the corner, we say yes. How about you? What do you foresee?
Mahalo Nui Loa,
Greg, Melissa, Ken, and Jeremy
P.S. A couple weeks ago we featured an article by Ray Tsuchiyama. Ray's most recent article titled Maui's One Degree of Separation is an entertaining read addresses that addresses what a small community Maui really is.
P.P.S. Several of you have expressed interest in Honua Kai, Ka'anapali's newest condominium resort and spa. The development recently reached an exciting benchmark: $500 million in collective sales and 50 units closed within the past 9 months. Here's the story. And you can learn more about Honua Kai here.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
 
Market Watch for October 31st, 2011
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Active |
Pending |
Sold |
Change |
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Homes |
661 (264) |
221 (19) |
871 (115) |
-7 |
|
Condos |
1006 (172) |
202 (8) |
1147 (105) |
+17 |
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Land |
519 (116) |
21 (6) |
131 (17) |
+1 |
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Total |
2186 (552) |
445 (33) |
2149 (237) |
+11 |
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1. The numbers in parentheses reflect the number of listings over $1M
2. Sold listings are for the previous 12 months.
3. Change is the increase or decrease in number of active listings from the previous week.
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Homes Over $1M
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1676 Halama Street
Kihei
$3.4M (FS)
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Sweetest secret on Maui. Private oceanfront estate with main house, garage and separate 2 BR cottage located on the southwest coast of Maui. Enjoy 4 BR and 4 BA on large 20,062 sq ft lot. Travertine floors, sub-zeros, Jacuzzi tub, Toto toilets, custom cherry doors & cabinets, etched shower enclosures, African mahogany front door, granite countertops, wine cooler, walled perimeter, electric gate, Murano fixtures, walk in showers, Dacor smooth top, Grohe fixtures, central air, Fischer Paykel, private Jacuzzi courtyard.
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Homes Under $1M
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1500 Lower Kimo Drive
Kula
$404.25K (FS)
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Bank Owned. Kula House and cottage.
Customer Listing Synopsis
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2860 Ohina Street
Kihei
$425K (FS) |
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Bank Owned. Great South Maui location. This home offers ocean and mountain views from the back deck. All bedrooms have sliding doors that open onto the private deck.
Customer Listing Synopsis
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15 Laukahi Street
Kihei
$630.4K (FS)
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Bank Owned. Enjoy relaxing evenings on your large, covered lanai of this terrific Moana Estates single-level home. Three bedroom, three bath open floor plan on 8,335 sq. ft. lot. One bedroom has a private entry for your guests or your grown up child that has moved back home.
Customer Listing Synopsis
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56 Hoomalolo Place
Haiku
$749K (FS) |
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Bank Owned. Home was just completed with high end finishes and landscaping. This is an REO with a small bank so response time is very quick. Home has breathtaking ocean views. Excellent floor plan, custom cabinets, extensive light options, huge lanai, very large room, granite and hardwood everywhere.
Customer Listing Synopsis
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Vacation Condo Over $1M
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Kapalua Bay Villas 30G3,5
Kapalua
$1.695M (FS)
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You'll love the stunning ocean views from this great Kapalua oceanfront 2 bedroom, 3 bathroom condominium. Location, location, location. This precious single level property has arguably the best location at the Kapalua Bay Villas. Extremely popular vacation rental unit.
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Vacation Condos Under $1M
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Kahana Sunset E1E
Kahana
$200.85K (FS)
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Short Sale. Short sale approved by Bank of America. Tastefully remodeled one bedroom/one bath condo with 700 square feet of living space. Open floor plan, new kitchen, new windows for great lighting and tile floors in living area. Unit is nestled in the corner of the property for maximum privacy.
Customer Listing Synopsis
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Koa Resort 3N
Kihei
$249.9K (FS)
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Bank Owned. Condo is conveniently located in a beautifully landscaped 54 unit low rise complex. Features include vaulted ceilings, charming kitchen, spiral staircase & mahogany flooring creating a very relaxed tropical setting for your enjoyment. Located near shopping, beaches, restaurants, etc.
Customer Listing Synopsis
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Wailea Ekahi 24B
Wailea
$378K (FS) |
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Bank Owned. Truly a beautiful one bedroom, two bath end unit in popular Wailea Ekahi II. Upgrades include granite and marble counter tops, porcelain tile floors and lanai, koa wood, top of the line stainless appliances. The bedroom has an office area and walk in closet. Casablanca fans and two split air conditioners keep this garden setting unit cool and comfortable.
Customer Listing Synopsis
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Residential Condos
Leinani Apts #104
Honokowai
$99.9K (FS) |
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Bank Owned. This great unit offers new interior paint and carpeting. Located within a small complex, this asset offers a comfy living environment on the West side of Maui.
Customer Listing Synopsis
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Kamoa Views #112
Kihei
$154.5K (FS)
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Bank Owned. Located in sunny Kihei, this 1 bd. 1 bath first floor unit is just steps away from the beach. Complex is secured with a locked entrance. Enjoy central AC, pool, and BBQ areas.
Customer Listing Synopsis
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Keonekai Villages 6-101
Kihei
$204.5K (FS) |
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Bank Owned. Located in the back of building 6, this asset offers privacy, cool shade under a large plumeria tree and a small yard area for private enjoyment.
Customer Listing Synopsis
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Vacant Land
66 Lahaole Place
Wailuku
$150K (FS) |
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$100K Reduction! Bank Owned. Enjoy spectacular ocean views from this magnificent setting in the gated Maluhia Country Ranches community. Just a short drive from Wailuku, Maluhia Country Ranches provides a lovely rural setting and a country feel.
Customer Listing Synopsis
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