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| Issue 389 | August 17th, 2010 |
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| Aloha ,
In this newsletter:
REO Properties
Short Sales |
South Kihei Gem
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Maui sales volume are on the rise but such increase have occurred at the expense
of sales prices. As compared to the 1st and 2nd quarters of 2009, Maui has
experienced a 64% increase in condominium sales volume so far in 2010. Volume
increases of 43% and 42% have also been recorded for residential property sales
and vacant land sales respectively. The median sales price for condominiums
dropped 32% for Maui as a whole. There have also been respective declines of 7%
for residential properties and 31% for vacant lots. The reason why there is a rise in sales volume with declining sales prices is due to the excess in inventory. At the moment, there is more than an eight month supply of both condominiums and residential properties, and more than an 11 month supply of vacant lots. Our number of distressed properties are increasing as well with a backlog of properties in the state of foreclosure. With all of these statistics taken together, now is an excellent time to look for some great deals in Maui real estate.
Have a wonderful week!
Mahalo Nui Loa,
The Smith Team
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
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Market Watch for August 16th, 2010
| Active | Pending | Sold | Change | |
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| Homes | 861 (338) | 211 (26) | 832 (105) | +6 |
| Condos | 1337 (238) | 290 (10) | 1067 (167) | +11 |
| Land | 585 (164) | 24 (9) | 137 (16) | -5 |
| Total | 2783 (740) | 525 (45) | 2036 (288) | +12 |
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1. The numbers in parentheses reflect the number of listings over $1M |
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Location, Lifestyle, Spreckelsville – Incredible home in one of the best neighborhoods on Maui. This quality home is situated on the Maui Country Club Golf Course, down a private lane, at the end of a cul de sac. The 4 bedroom, 3.5 bath home is in excellent condition and has an added bonus of a fully permitted 800 sq. ft. addition. |
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Enjoy the wonderful Wailea life style in the 4000 sq ft Wailea Golf Vistas custom home. You will immediately feel at home as you enter the beautiful foyer with its 20 foot ceiling. Curved stairway and tiled floor. The main floor is ideal for entertainment and extremely flexible to meet your lifestyle. Virtual Tour. |
 952 Kahealani Street Haiku $274.9K (FS) |
Bank Owned.This plantation style home has been creatively redesigned to be a 3 bedroom, 2 bath house, yet other non-conforming rooms exist. New solar water system. Fenced. This Fannie Mae property can be purchased for as little as 3% down.
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Bank Owned. This North Kihei 3 bd. 2 bath home boasts views of the West Maui mountains and Maalaea Bay. The large landscaped lot offers added privacy as it backs up to open fields to the rear and has an ample covered lanai. Additional mother-in-law unit on property. |
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 98 Oleander Road Kahana $799K (FS) |
Short Sale. A total of 4,144 sq. ft. including 5 bedrooms, 4.5 baths plus a study/ office and family room are included in this home which is one of the largest in Kahana Ridge. Enjoy ocean views from the mega sized first floor greatroom as well as extended views of Molokai from the second floor.
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Bank Owned. Best priced home in Wailea Pualani. Over $500K below the average price of two most recent sales in this subdivision. |
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Short Sale. Understated elegance, the modest exterior of this home belies the stunning elegenace and granduer of the dwelling within. This fabulously designed golf course home features a chef's dream kitchen. Other features are the wall to wall travertine tile floors, central AC system, African mahagony staircase, stamped concrete pool deck, 4 luxurious bedrooms each with it's own bathroom, a den, family room and a relaxing pool that overlooks the 9th fairway of the Dunes at Maui Lani. |
Ho'olei K-6
Wailea $2.795M (FS) |
Relax and enjoy the privacy and direct ocean views that the "K" building provides. Positioned directly across from the Four Seasons and Grand Wailea Hotel Resort and Spa, Ho'olei truly represents the best Wailea has to offer! For those seeking the privacy of an upscale residence with the ease of a condominium, Ho'olei offers a tremendous opportunity. |
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Bank Owned. This 2nd floor, end unit has the distinction of have a very large double lanai to give you lots of outdoor living area. Located at the back of the project away from the road noise. Nice Haleakala views. Diamond in the rough that is ready to be brought back to its former spiffy self. Electric included in HOA fee.
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Bank Owned. This wonderful unit has a great location in a desirable vacation rental building and it was upgraded in 2003. All this unit needs to make it a perfect home or rental is; carpet, paint, window coverings and furniture.
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Bank Owned. This 1 bedroom condo is located at the top of this resort complex and close to one of the 3 pools. Walking distance to the ocean. The kitchen had recently been redone and is waiting for your decorative touches.
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 Keonekai Villages 6-101 Kihei $194.9K (FS) |
Bank Owned. This unit has been well maintained and is one to see. Located at the rear of the complex. It offers some privacy and an outdoor private yard to enjoy and the cool shade trees. |
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Bank Owned. Great large corner unit with a third level loft. Oceanviews in family friendly Kahana. |
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 Kai Malu 40B Wailea $995K (FS) |
Short Sale. One of the best units with pool & spa at Kai Malu. Located on the greenbelt, this unit is very private and has distant ocean and outer-island views. Premium finishes and upgrades throughout - including an extended tiled lanai, private tiled pool and spa, granite counters and stainless steel appliances. |
 184 Anapuni Loop Ka'anapali $599K (FS) |
Bank Owned. Vacant land in Lanikeha subdivision, almost an acre. Ocean, mountain, and Sugar Cane Train, and golf course views. |
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