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The Smith Team - Two Generations of Satisfied Customers

  Issue 378 June 1st, 2010 
Aloha ,

In this newsletter:
Market Update
Market Watch
Homes Over $1 Million
Homes Under $1 Million

Vacation Condo
Over $1M
Vacation Condos Under $1M
Residential Condos Under $1M
Vacant Land


  REO Properties

All  Properties

New  Properties
Price Reductions

Short Sales


New Properties
Price Reductions

 Market Update

The ultra luxury market is heating up.  There have been 4 closed sales over $8 Million, and there is 1 Pending Sale at $11 Million so far this year.  This equals all of the sales for 2009.
Furthermore, the average sales price in 2010 has been $15 Million; whereas it was $9.4 Million in 2009. Is this the harbinger of a new bull market in real estate?  Hard to say from only a few sales; however, it certainly is one more indication that our market is in the early stages of a recovery.
The last upward cycle in real estate prices on Maui began in 1997 and peaked in May 2006.  At that time, it was the return of confidence by wealthy investors that pulled the market out of the doldrums.  
You can wait a year or two for confirmation of the new bull market in real estate; however, in our opinion, prices may be substantially higher at that time.
If you are you ready to buy now, please allow us to help you find the perfect property to meet your needs and suit your budget.  
Have a wonderful week!
Mahalo Nui Loa,  

The Smith Team

Smith Team Photo on Website.jpg

Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)

Market Watch for May 31st, 2010

 Active Pending Sold Change
Homes   846 (346) 240 (40)  803  (105) -12
Condos 1264 (222) 267 (17)   1029  (162) +5
Land  564 (158)  33 (7)  131  (22) -7
Total 2674 (726) 540 (64)   1963  (289) -14

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.

Homes Over $1M

537 Kai Hele Ku Street.jpg
537 Kai Hele Ku Street
$1.575M (FS)

Large Launiopoko residence with even larger views. Spectacular panorama of the islands of Lanai and Molokai and our famous West Maui sunsets. This 5 bedroom, 6 bath residence is situated on 2+ acres of land. Home design allows for residents to enjoy privacy of their quarters as well as gather on the lanais for morning sunrises and evening sunsets.

Customer Listing Synopsis

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4354 Wailina Street
$2.499M (FS)

Enjoy the wonderful Wailea life style in the 4,000 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.

Customer Listing Synopsis

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106 Pulelehua Street
$4.995M (FS)

This custom, Jeffrey Long designed Pineapple Hill Estates home, has maximum privacy due to it's location bordering a deep ravine, is one of the few that does not overlook rooftops and has a terrific ocean view. Huge corner pocket doors encourage the outdoors in and the open, spacious interior is ideal for entertaining.

Customer Listing Synopsis

Homes Under $1M

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117 Ani Street

$350K (FS)

Bank Owned. Improvements on the property are under renovation and new extension under construction and are in an incomplete status. Must see to see the potentials of the property. Property is centrally located in Kahului and in close proximity to health and medical facilities, shopping centers, schools, and dining facilities.


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367 Kulalani Drive

$449K (FS)


Short Sale. Immense value in this Kula view home with an attached ohana to assist with affordability. This comfortable home has an expansive view of the North Shore and the West Maui Mountains. The living area and one bedroom are located upstairs while 2 ensuite bedrooms are downstairs with access to a large entertainment deck.

  Customer Listing Synopsis

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610 S Alu Road

$602K (FS)

Bank Owned. Single family home in Wailuku Heights. Main living area upstairs and bedrooms are downstairs. Great views of the ocean/ Kahului Harbor & Mount Haleakala.


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2820 Palalani Street

$647K (FS)


Private setting and great ocean-views from this gorgeous home with an incredibly flexible floor-plan and small separate studio on the golf course in a nice, quiet and established neighborhood. Artistically crafted with a master designer touch. This property feels like a breath of fresh air and offers warmth of character, rich colors and woodwork, charm, privacy and cool comfort.

  Customer Listing Synopsis

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5045 L. Honoapiilani Rd. #4

$795K (FS)


Tucked away in its own private nook of Napili, Maluna Kai Estates is a peaceful and comfortable gated community of 10 free standing homes on 2 acres. Home #4 has beautiful ocean views and a wide open living space. From the upper lanai you can see it all. The residence has been extensively remodeled concluding in 2005. The kitchen is highly functional with European cabinetry and Gaggenau appliances.

  Customer Listing Synopsis

Vacation Condo Over $1M

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Ho'olei G-6

$2.495M (FS)

Ho'olei G-6 is one of two very unique Hibiscus villas positioned directly over the pool area. This is the largest, and most highly sought after floor plan in the entire neighborhood, consisting of an expansive 3,076 feet of interior footage. With the covered lanai areas and attached garage, this villa is over 4,300 sq. ft. 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 home.

Customer Listing Synopsis

Vacation Condos Under $1M

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Kihei Bay Surf #127
$129.9K (FS)


Bank Owned opportunity at Kihei Bay Surf. Features a nice view of tennis courts and the location at the back of the resort is more private. Kihei Bay Surf amenities include pool, spa, BBQ area, tennis, and laundry room. The monthly HOA fee includes electricity and water.


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Kahana Reef #318
$290K (FS)


Bank Owned. Direct oceanfront / ocean view unit in Kahana Reef.


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  Hale Hui Kai #205
$795K (FS)

Hale Hui Kai is all about location, location, location. Situated on the renowned mile- long white, sandy beach of Keawakapu, you can enjoy swimming, snorkeling, paddle boarding, surfing and whale watching. This lovely 2bed/2bath updated unit is located on the 2nd floor, north side. 

Customer Listing Synopsis


Residential Condos

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Walaka Maui #304
$240K (FS)

Short Sale. Great View from this third floor condo. Includes granite countertop, nine foot ceilings and stainless appliances. Quick walk to Charlie Young beach and Cove beach park.

  Customer Listing Synopsis

Wailea Palms 3202.jpg
  Wailea Palms #3202

$1.05M (FS)

Over 1,500 sq. ft. of luxury nestled in the exclusive residential complex Wailea Palms. This 2 bd. 3 bath unit offers great ocean views from the living room as well as both bedrooms. This wonderful condo offers a beautiful marble entry, full air conditioning throughout the entire unit, spacious living room with dining area, granite and stone countertops, a huge lanai off the living room plus each bedroom has its own private lanai.

Customer Listing Synopsis

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Papali at Wailea #21
$2.595M (FS)


Papali Wailea is a truly unique 24 single family home community of exceptional construction quality. This is a low density enclave situated on a terraced 10.466 acre site providing expansive views. The single-story, copper-roofed homes with attached private garages and storage rooms feature a spacious 3 bedroom, 3.5 bath floor plan, high volume ceilings, custom cabinetry, premium finishes, fixtures/hardware, and appliances.

  Customer Listing Synopsis

Vacant Land

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7850 Kula Highway
$750K (FS)

Incomparable, two level acres on the makai side of the Lower Kula Hwy. in sought after Keokea; very Rare. Spectacular 360° views including the summit of Haleakala, Kahoolawe, Molokini, Lanai, the West Maui Mountains and Kahakuloa. Seller will carry, for a qualified Buyer, the first mortgage with 20-30% down.

  Customer Listing Synopsis

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Coldwell Banker Island Properties
3750 Wailea Alanui Drive Suite B-35
Wailea, Hawaii 96753

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