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Aloha ,
Market Update
I used to be a stock broker from 1968 to 1971. At the end of 1968, the Dow Jones Industrial Average was 908. It then dropped 30% to 631 in May of 1970. Even at the bottom of the market in 1970, I had a few clients predicting it was going to drop to 300. Read history of the stock market.
My point is that in any market, whether it is the stock market or the housing market, there are going to be doomsayers. The world is coming to end. The financial markets are going to collapse. We will have runaway inflation. I’m sure you’ve heard the stories of woe. Here is a chart of inflation adjusted housing prices.
Markets go up and markets go down. At the current time, we are in an uptrend. There is a shortage of new housing and homes for resale in most areas of the country. Maui is no exception as you can see from our Market Watch feature showing significant declines in inventory over the last 24 months.
Below you will find this week’s sampling of some of the best buys we have selected from a variety of price ranges and categories. If you’d like to be kept up to date on new listings or price changes, we’d be happy to set you up on Auto-Notification.
Have a wonderful week.
Mahalo Nui Loa,
The Smith Team
P.S. - We are pleased to announce an addition to The Smith Team. Melissa gave birth to a healthy baby girl, Lilinoe Maria, Goddess of the Sea Mist, last Friday morning.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
Market Watch for July 15th , 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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467 (258)
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243 (37)
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981 (129)
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+4
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Condos
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632 (160)
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289 (23)
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1269 (124)
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+10 |
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Land
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348 (104)
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59 (5)
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194 (28)
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-16
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Total
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1447 (522)
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591 (65)
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2434 (281)
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+2
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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
2315 Kekaulike Avenue
Kula
$1.595M (FS)
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Enjoy beautiful Upcountry Maui on 4 acres with spectacular ocean and mountain views. This is an incredible opportunity to acquire one of Maui’s unique properties complete with a 3,000 sq. ft. custom home filled with beautiful hardwoods throughout and a 3,000 sq. ft. barn & kennels. The property is completely fenced and gated and comes with a 1” water meter, large irrigated pastures and dozens of citrus fruit trees.
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1198 Pulehu Road
Kula
$1.85M (FS)
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Tropical Kula Wonderland! Bi-Coastal Ocean View fabulous home with architectural flare throughout. Over 4,000 square feet of beauty.
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Homes Under $1M
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2070 Kaohu Street
Wailuku
$299K (FS)
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Well maintained move in ready home in Wailuku near shopping, hospital, etc. This would make a great starter home instead of renting.
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128 Aliilani Street
Kihei
$310K (FS)
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Short Sale approved by the lender. North Kihei location close to the beach and shopping.
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29 Pahaa Place
Pukalani
$346.5K (FS)
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Short Sale. This 3 bedroom, 1.5 bath home is situated on a large 13,000+ sq. ft. lot. There's ample room to expand, park a boat, or grow a garden. Convenient location in lower Pukalani, set back towards the rear of a dead end street, with easy access down the hill or to the community conveniences of Pukalani.
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634 Waiehu Beach Road
Wailuku
$395K (FS)
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Income property. Includes: 2 bd. 1 bath front house; 3 bd. 1 bath center house; and a 2 bd. 1 bath attached "ohana" in back.
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38 Kamakoi Place
Kihei
$529.9K (FS)
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Bank Owned. Great home in a in desirable S. Kihei location. This single story home offers a creative floor plan, fence yard and some renovations by previous owner.
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1535 Olinda Road
Olinda
$998K (FS)
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Great views to North Shore ocean. Private home is used as a duplex. Both sides 2 bedrooms 1.5 bath are rented for $1,500 to separate tenants.
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Vacation Condos Over $1M
Wailea Elua #303
Wailea
$1.3M (FS)
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Stunning ocean and outer island views from this ground floor unit at Wailea Elua #303. Enjoy amazing sunsets year round, whale watching, paddle boarding, diving, snorkeling and the white sandy Ulua Beach-one of Maui' most gorgeous beaches. Unit #303 has a very large covered lanai with lots of green space and tropical landscaping creating impressive privacy.
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Vacation Condos Under $1M
Maui Vista #1305
Kihei
$269K (FS)
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Location...Make this unit over exactly the way you want. Your own ideas and furnishings.
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Kauhale Makai #308
Kihei
$299K (FS)
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Unobstructed ocean view 1 bd. 1 bath condo. Unit was just remodeled and is the best updated unit in the building. Convenient and quiet location. Open kitchen concept with granite countertops. Very spacious with sliding doors to lanai from both bedroom and living room.
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Residential Condos
Mount Thomas #205
Wailuku
$133K (FS)
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Conveniently located in the heart of Wailuku. Close to schools, shopping, and municipal buildings. Building is secured with entry system. Near elevator and trash chute for convenience.
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Villas at Kahana Ridge #834
Kahana
$293K (FS)
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Short Sale. 2 bedroom 2 bathrooms apartment. Nicely remodeled with ocean views.
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Vacant Land
0 Haiku Road
Haiku
$199K (FS)
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Bank Owned. Lush tropical vacant land consisting of two parcels. Located in a gulch with a Hana like setting. 600 square foot non permitted dwelling on property. You must cross stream to enter dwelling. Access to property's entrance is a locked gate and one lane unpaved road.
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393 Kualono Place
Wailea
$475K (FS)
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Exceptional vacant lot located at the end of a cul-de-sac in the premiere gated community of Wailea Pualani Estates. Build your dream home with potential ocean views from the second level.
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