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Market Update
According to Realtor.com, the nationwide inventory of residential homes for sale has dropped by 21 percent in March compared to a year ago.
Furthermore, the nationwide median list price in March increased more than 5% last month compared to to this time last year.
The drop in inventory is clearly evident in our low end condo sector in the Kihei area. Condominium complexes like Kihei Villages, Southpointe at Waiakoa, and Keonekai Villages were favorites among first time home buyers and investors looking to purchase a 2 bedroom residential condo in the Kihei area. Especially since you could own your unit and pay a monthly mortgage payment including your maintenance fees and property taxes for the same amount as renting it out.
As of this moment, there is only 1 active listing at Kihei Villages. There are no available condo units at Southpointe at Waiakoa and Keonekai Villages. For pending sales, there are 12 units at Keonekai Villages, 13 units at Kihei Villages, and 15 units at Southpointe at Waiakoa. In the past 6 months, there have been 6 sales at Keonekai Villages, 12 sales at Southpointe at Waiakoa, and a staggering 20 sales at Kihei Villages. This sector of the real estate market on Maui is hot and we are now seeing multiple offer situations whenever a unit comes on to market. Times are changing.
Mahalo Nui Loa,
Greg, Melissa, Ken, and Jeremy
P.S. - Join us for our Maui Earth Day Festival 2012 celebration at Ke'opulani Park Amphitheater in Wailuku on Sunday, April 22nd from 10 to 6 p.m. For more information, visit www.mauiearthday.org.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
 
Market Watch for April 16th, 2011
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Active |
Pending |
Sold |
Change |
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Homes |
640 (272) |
214 (30) |
905 (125) |
+4 |
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Condos |
941 (178) |
283 (11) |
1144 (81) |
-15 |
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Land |
496 (113) |
34 (6) |
143 (18) |
-13 |
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Total |
2077 (563) |
531 (47) |
2192 (224) |
-24 |
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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
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373 Front Street
Lahaina
$2.8M (FS)
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Here is an amazing opportunity to purchase a home on the makai side of Front Street in historic Lahaina town. A gated, 2-story, 6 bedroom, 4.5 bath family home with a bonus room and swimming pool. You will be amazed at the incredible ocean views, year-round sunsets and your own, private access to a beautiful, sandy beach.
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29 Kahua Kai Way
Ka'anapali
$3.45M (FS)
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Stunning ocean view estate on half an acre in the prestigious Golf Estates gated community. Two levels of impeccable attention to detail in this custom built home. Mature tropical landscaping surrounding the pool and spa and extensive covered lanai areas for you to enjoy the year round outdoor living experience that Maui has to offer.
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Homes Under $1M
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122 Luakaha Circle
Kihei
$393.6K (FS)
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Bank Owned. Kamaaina living at its best. Central Kihei never looked better. Comfortable open floor plan with the master bedroom down stairs. Two mango trees in the backyard ready to bear fruit. Many varieties of Plumeria adorn this property.
Customer Listing Synopsis
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790 Kahula Place
Lahaina
$425K (FS)
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This 3 bedroom, 2 bath plantation home plus a detached cottage located right in the heart of Lahaina. Close to school, supermarket, restaurant, and down-town Lahaina. Great starter home for a first time home buyer or an extended family.
Customer Listing Synopsis
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47 N Laelua Place
Paia
$449.9K (FS)
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Bank Owned. Sweet home in the desirable neighborhood at Kuau Bayview. Built in 1996 and located near Mama's Fish House and downtown Paia. Nice floor plan with a 2 Car Garage, level yard and a small covered patio in the rear of the house.
Customer Listing Synopsis
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19 Onekea Place
Kahului
$559.9K (FS) |
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Bank Owned. Looking for a very large, quality built home in a gated community - look no further. This 5 bedroom, 3 bath home, plus a family room. Ideal home with split AC units.
Customer Listing Synopsis
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130 Heaaula Place
Haiku
$839K (FS) |
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Enjoy the ocean views from this immense Haiku Home in the great neighborhood of Windward Estates. With 5,256 sq. ft. of living space, including 5 Bedrooms and 7.5 Bathroom, this home offers up a great opportunity for the large family, creative buyer, and or those who enjoy lots of space. Four of the downstairs bedrooms have a lock out feature.
Customer Listing Synopsis
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333 Middle Road
Kula
$960K (FS) |
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Short Sale. Quintessential Keokea; peace, quiet, privacy and big views. Add to that the incredible indoor pool, a pasture for horses, even a level site for a tennis court, you may never leave home. You certainly won’t want to. The house and cottage were extensively renovated during the late 90’s by the former owner, a well known architect, and further enhanced over the last two years by the current owner. Nestled amongst beautiful, mature trees, perennial gardens and rolling lawns, the main home sits well off the country road, nicely separated from the quaint cottage.
Customer Listing Synopsis
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Vacation Condo Over $1M
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Wailea Beach Villas PH-209
Wailea
$2.895M (FS)
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Wailea Beach Villas is the oceanfront destination. Walk to shops, hotels, etc. All at your immediate access. Surprisingly strong 2nd floor ocean views from this large 3 bedroom 3 bath plus den. Great layout, this feels more like a home than a condominium.
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Vacation Condos Under $1M
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Pacific Shores A-107
Kihei
$249.9K (FS)
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Short Sale. Great opportunity to own a ground floor condo in building "A" that allow vacation rentals across the street from Kam 1 (Charley Young). This unit is in original condition but has awesome potential.
Customer Listing Synopsis
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Sugar Beach #504
Kihei
$325K (FS)
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As soon as you enter 504, you feel the Aloha. The love, the beauty, the breeze. What more could you want? How about the sound of waves breaking on the shore? Beachfront real estate is rare and special. Wonderful opportunity to own a condo located right on the world famous soft, warm, sandy, Sugar Beach. Tastefully decorated, fabulous views, this unit has it all.
Customer Listing Synopsis
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Napili Shores E-144
Napili
$389K (FS)
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Nice garden view ground floor unit offered at a great price. Located in the beautiful community of Napili, the Napili Shores Resort is situated directly ocean front on Napili Bay one of the nicest white sands beaches on the West Side.
Customer Listing Synopsis
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Hololani A-101
Kahana
$459K (FS)
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Direct ocean and beach front - high rise eight story concrete building and underground parking with convenient access to residence via elevator. Excellent location for primary residence, second home or vacation rental. Pets allowed. Incredible sunset views with the views of the islands of Lanai and Molokai in the background.
Customer Listing Synopsis
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Residential Condos
Iao Parkside 3-102
Wailuku
$135K (FS) |
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Short Sale. Extra Large 2 bedroom 2 bath ground floor unit in average condition. Lots of light and windows, convenient corner location, 2 parking stalls, large private back yard. Walk to the bus stop, or community center.
Customer Listing Synopsis
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Wailea Fairway Villas P-102
Wailea
$520K (FS) |
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Beautifully maintained 2 bedroom / 2 bath ground floor unit at Wailea Fairway Villas. This unit is in immaculate condition and it comes fully furnished. It has stainless steel appliances, granite counter tops, crown molding, built-in book shelves in the great room, built-in dressers and desk in the master bedroom, wall mounted flat screen TV, and etc. This is a front row unit with ocean views from your master bedroom and lanai.
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Vacant Land
0 Hapapa Road
Kula
$475K (FS) |
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Unique property with outstanding ocean and mountain views located in a desired Kula area with private road providing access to property.
Customer Listing Synopsis
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