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The Smith Team - Two Generations of Satisfied Customers

  Issue 398 October 19th, 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

Homes
Condos
Land

New Properties
Price Reductions

Market Update

Beacon Economics analyzed home affordability and came away feeling optimistic.

Beacon Economics founding principal Christopher Thornberg, whose firm advises a variety of business clients, says the high level of affordability is likely to drive demand and reduce the stock of excess inventory, ultimately resulting in the need for new housing, a rise in prices, and a pickup in new construction.

"While prices may fluctuate modestly over the next several months, we believe the worst of the housing crisis is behind us," says Beacon Economics Research Manager Jordan G. Levine. "We expect prices to stabilize around current levels and likely be higher in the next 12 months."

Have a wonderful week! 

Mahalo Nui Loa,  

The Smith Team

P.S. Interest rates still at record low levels.  Conforming loans are still in the low 4's with no points.  Let us know if you'd like to be pre-approved for a loan, so you can be ready to jump when the right property comes along.  Sometimes, it is all about timing...especially with REO listings.

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 October 18th, 2010

 Active Pending Sold Change
Homes   848 (317) 221 (26)    836   (107) -2
Condos 1231 (217) 247 (9)   1127  (170) -14
Land  577 (150)  26 (7)   131   (13) -1
Total 2656 (684) 494 (42)   2094  (290) -17

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

500 Aulii Drive.jpg
500 Aulii Drive
  Pukalani
$1.499M (FS)

Fabulous remodel of this cozy country home's great room with kitchen, dining & fireplace sitting area. Granite & stainless steel accentuate rock & wood finishes. Master suite w/his & hers bathrooms plus yoga/fitness area. 3 additional bedrooms with spacious bathroom and built in wooden closets upstairs. Gorgeous almost 4 acres of rolling meadows with mature trees complete the park like setting. Can add 1,000 sq. ft. cottage with separate access from 295 Ho'opalua.
 
Customer Listing Synopsis 

39 Lahaoli Place.jpg
39 Lahaole Place
  Wailuku
$1.6M (FS)

This spacious and elegant mansion sits on 2.25 acres of verdant meadow lands, at 1,100 ft above seal level and dominates 180 degree ocean and mountain views. Enjoy the outdoor Jacuzzi, 25 meter solar heated lap pool and several picture perfect lanais. 

Homes Under $1M

1801 Piihana.jpg
1801 Piihana Road
Wailuku

$190K (FS)
 

Short Sale. Single family home with detached ohana. Excellent rental potential for investor. Plenty of off street parking.

393 Kaiolohia Street.jpg
393 Kaiolohia Street
Kihei

$301.8K (FS)
 

Bank Owned. Nicely updated 3 bedroom / 2 bath home at Hale Piilani. It has a large deck out back and mountain views.

 

2715 L. Kula Road.jpg
2715 L. Kula Road
Kula

$466.9K (FS)

 

Bank Owned. Beautiful ocean views from this 4 bedroom / 2.5 bath home in lower Kula. The upstairs level consists of 3 bedroom / 1.5 bath and the downstairs level has a 1 bedroom / 1 bath ohana. The open kitchen and living room lead out to a deck area to enjoy the view.

  Agent Listing Synopsis

51 Ululani Road.jpg
51 Ululani Road
Kula

$549K (FS)

 

Seller financing available. Tucked up at the top of the long curving concrete driveway, this neat and clean home is privately situated on two pastoral acres and backs up to large parcels of grazing land. The first floor is comprised of the kitchen and primary living space along with two bedrooms and a bath. A wood burning stove sufficiently warms the room. Privately located on the upper level is the master bedroom with bath and the office loft overlooking the great room. 

  Customer Listing Synopsis

325 Kaupea Street.jpg
325 Kaupea Street
Makawao

$729K (FS)

 

This house and cottage in Maui Uplands are both in excellent ready to move in condition. Sitting on a hillside, it also offers unobstructed ocean and Haleakala Crater views. An short walk takes you to the association pool and tennis courts.

  Customer Listing Synopsis

Vacation Condo Over $1M

Makena Surf B 206.jpg
Makena Surf B-206
Makena
$2.485M (FS)
 

Unmatched luxury beach front complex. "B" building commands highest rental incomes, since it sits directly on the sand. The Beautiful low density complex is gated, with tennis courts, 2 pools with spa's, and, of course, spectacular year-round sunsets and spectacular whale watching.

              Customer Listing Synopsis

Vacation Condos Under $1M

Maui Banyan Q 106.jpg
Maui Banyan Q-106
Kihei
$234.5K (FS)

 

Bank Owned. Lowest price unit at popular Maui Banyan. Located across from Kamaole Beach Park. Walk to pristine sandy beaches, restaurants, and shopping. Ground floor unit located near the back away from busy check-in and parking garage.


 

Lahaina Roads 209.jpg
Lahaina Road #209
Lahaina
$335K (FS)

 

Bank Owned. Fabulous views of Lanai & Molokai. Sunsets & Sunrises at a great price.


 

Kapalua Bay Villas 20G4.jpg
  Kapalua Bay Villas 20G4 Kapalaua
$675K (FS)

 

Wonderful oceanfront ground floor unit. Steps to beach close by. A/C included. Tile floor, and in private rental program. This is above Oneloa Bay so very nice north east views. Light and bright in the morning.

 

Residential Condos

Kihei Villages 9 104.jpg
  Kihei Villages
Kihei
$119K (FS)
 

Bank Owned. Great opportunity to own a 2 bedroom / 1.5 bath ground floor unit with a yard for such a great value. Interior to be repainted and car will replaced before closing.

             Agent Listing Synopsis

Vacant Land

26 Lahaoli Place.jpg
26 Lahaole Place
Wailuku
$295K (FS)
 

Priced for immediate sale, this is the best priced lot in this premier agricultural subdivision. Owner financing possible with $125,000 down payment. Gently sloping with commanding ocean and mountain views. This is an unmatched opportunity to create your country estate or as an investment.

  Customer Listing Synopsis




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

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