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Aloha ,
Market Update
On January 1st, both the House and Senate signed a bill to avoid the "fiscal cliff". How does this affect real estate? Here's a summary of the real estate tax extenders:
Mortgage Cancellation Relief is extended for one year to January 1, 2014.
Deduction for Mortgage Insurance Premiums for filers making below $110,000 is extended through 2013 and made retroactive to cover 2012.
Leasehold Improvements: 15 year straight-line cost recovery for qualified leasehold improvements on commercial properties is extended through 2013 and made retroactive to cover 2012.
Energy Efficiency Tax Credit: The 10% tax credit (up to $500) for homeowners for energy improvements to existing homes is extended through 2013 and made retroactive to cover 2012.
Click here for a complete summary of the real estate provisions in the "Fiscal Cliff" bill.
Mahalo Nui Loa,
Greg, Melissa, Ken, and Jeremy
P.S. - The 2013 Hyundai Tournament of Champions in Kapalua is in the record books. After cancelling the first 3 rounds because of high winds, they were finally able to play 36 holes yesterday and 18 holes today. Congratulations to Dustin Johnson this year's winner, and to all the competitors for braving the rather tough conditions this year. Here are the final results.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
Market Watch for January 7th , 2013
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Active
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Pending
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Sold
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Change
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Homes
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516 (282)
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212 (18)
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934 (121)
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+7
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Condos
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796 (180)
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217 (7)
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1250 (93)
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+5 |
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Land
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399 (112)
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35 (7)
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174 (17)
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+1
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Total
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1611 (574)
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464 (32)
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2358 (221)
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+13
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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
4495 Une Place
Haiku
$1.025M (FS)
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Haiku estate situated in quality subdivision just above the Hana Highway with panoramic 270 degree ocean and Haleakala views. Quiet, hillside cul de sac street.
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311 Door of Faith Road
Haiku
$2.65M (FS)
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This very special two-acre North Shore estate is one of Maui’s most beautiful & private oceanfront properties. For years a secret hideaway of celebrities, this secluded estate can now become your own personal retreat. Nestled atop an expansive, ocean view bluff in Huelo, this exclusive, gated property features architecturally stunning contemporary cliff top homes, designed to capture the breathtaking, unobstructed, panoramic ocean and cliff views overlooking Waipio Bay. Virtual Tour.
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292 Akaula Way
Wailea
$7.4M (FS)
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Located at the highest point in the prestigious gated community of Wailea Highlands, the designer of this (NEW in 2008) 4 br. luxury custom estate home created the ideal floor plan to take advantage of the breathtaking panoramic views. All of the main living areas are perfectly placed so that they are all on the upper level flowing directly onto a large lanai that in turn flows to an infinity pool and then onto breathtaking panoramic ocean views. Virtual Tour
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Homes Under $1M
1191 Freitas Place
Makawao
$350K (FS)
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Short Sale . Spacious 4 bedroom, 3 bath Makawao home with a flexible floor plan. Flag lot.
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385 Kaiolohia Street
Kihei
$399.9K (FS)
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This 3 bd. 2 bath home has had a complete makeover including new roof, flooring, fixtures, kitchen, baths, appliances and landscaping. Commanding central valley mountain views from the back lanai which includes a screened in porch perfect for entertaining in the shade.
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29 Wawali Street
Kihei
$438.5K (FS)
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Short Sale. Beautiful single level Kihei home walking distance to schools, shopping, parks and beaches. Large open "great" room makes this home perfect for entertaining.
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310 Hokulani Street
Pukalani
$465K (FS)
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It is all about the location and view. This single level home is centrally located in Pukalani close to the shopping center, schools and Upcountry swimming pool. The home has “wood” laminate floors throughout the living room and bedrooms. The interior was recently painted and offers a large 2 car garage with additional storage space and a great lanai off the living room to enjoy the sunsets.
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850 Kekaulike Avenue
Kula
$699K (FS)
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Bank Owned. Beautifully renovated and upgraded by the previous owner, there are bi-coastal views from the upper level 2 bedroom, 1 bath and huge entry deck while the lower level, generous separate studio “apartment” provides a great space for extended family or guests. Much of the original 1941 architectural charm has been retained and enhanced with a modern kitchen, upscale baths, hardwood and cork floors, maple cabinets and granite counter tops.
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Vacation Condos Over $1M
Ho'olei R-2
Wailea
$2.25M (FS)
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The Ho'olei community is located directly across the street from the Grand Wailea Resort and Spa. Relax with the comfort and ability to "lock and go" while at the same time enjoy the comforts of a condominium designed to feel like a stand alone residence. Villa R-2 has a very convenient location on the property, located with a close proximity to the pool and pavilion area. Interior appointments include a private elevator, a gourmet Studio Snaidero kitchen with Wolf and Sub Zero appliances abundant.
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Vacation Condos Under $1M
Kihei Kai #17
Kihei
$197K (FS)
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Beachfront boutique condo complex right on Sugar Beach. Wonderful condo tucked away in the more if not the most private area of the resort. Relax, enjoy, and soak up the Hawaii lifestyle you always dreamed of. This unit has been wonderfully remodeled with bamboo flooring, granite bathroom counter and a tastefully tiled walk in shower.
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Palms at Wailea #401
Wailea
$585K (FS)
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Wonderful ground floor Palms at Wailea condo. Large 1 bedroom floor plan with over 1000 sq ft. plus a large lanai. Palms at Wailea is one of the few condos that allow gas grills on your lanai. This 1 bedroom 2 bath unit is in a great location close to the pool and amenities.
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Kapalua Ridge #1512
Kapalua
$645K (FS)
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Top of the Hill at the Ridge with wide ocean views from the living, dining and kitchen area. New carpet and paint with cabinets refaced. Golf course across the street for sunset viewing.
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Hale Pau Hana #15
Kihei
$899.9K (FS)
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Short Sale. This upper Level, 2nd floor end-unit in the low-rise section sits on the Beach at Kamaole Two. This renovated unit has newer appliances, a glass counter cook-top, maple kitchen and bathroom cabinets plus additional maple built-ins and tumbled marble backsplash. The bathroom shower is tiled and includes a built-in shower seat. This unit boasts some of the best ocean, neighbor island and beachfront views in South Maui. Excellent rental history.
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Residential Condos
Ho'olea Terrace #2104
Wailuku
$269K (FS)
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Develper Deal. New Release. 3% seller closing cost credit to buyer for a limited time. This is a single level, 3 bedroom, 2 bath unit with ocean and mountain views. Unit has covered lanai and 2 assigned parking stalls. All units have 9-foot ceilings, Kenmore appliances, and an interior laundry closet.
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Vacant Land
175 Kulamanu Circle
Kula
$238.5K (FS)
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Beautiful, bi-coastal views at The Ridge at Kulamanu. Vacant lot in Kula with Water Meter. This desirable upcountry subdivision includes underground utilities, concrete roads and well-planned CC&R's to protect value. This lot backs up to the gulch for unobstructed views and privacy. Architectural Plans available. Enjoy pristine Kula climate and Maui's upcountry lifestyle.
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