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Aloha ,
Market Update
I realise that many people would rank building a new home second only to getting a divorce in terms of stress, and sometimes, the latter follows the former.
Yes. It can be stressful to build a new home as there are literally 100’s of decisions to be made for things like flooring, cabinetry, paint, siding, appliances, etc. It is important that someone take charge or have a person they have confidence in to make those choices.
During the most recent real estate downturn, the decision was somewhat easier as it made more sense to buy resales which were selling below replacement cost. Now that the prices for homes have gone up, I feel that you can build equity faster by building your own home.
If this might be of interest to you, I’d be happy to provide you with examples for house/lot packages that might surprise you. I am putting my money where my mouth is as I plan to build at least one new home in the very near future.
Have a wonderful week.
Mahalo Nui Loa,
Ken for The Smith Team
P.S. If building is simply not your cup of tea, I can certainly understand. If you are looking for a luxury home with outstanding bi-coastal views for around $1.6 million, there is a property that may be perfect for you. It is not in the MLS per instructions from the Seller. I took a video of this property in the exclusive gated Kulamalu Hilltop subdivision.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
Market Watch for August 5th , 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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481 (261)
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231 (35)
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1004 (133)
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+12
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Condos
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649 (159)
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269 (20)
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1283 (133)
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+1 |
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Land
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348 (111)
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64 (5)
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194 (29)
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-3
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Total
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1478 (531)
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564 (60)
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2481 (295)
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+10
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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
2371 Waipua Street
Spreckelsville
$1.19M (FS)
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Come live the Maui lifestyle in this immaculate home in Spreckelsville. Walk to Baby Beach, Sugar Cove, or the Maui Country Club! This 3 bedroom, 3.5 bathroom custom home offers a delightfully open floor plan with high ceilings. Upstairs you will discover all hardwood flooring with a chef’s kitchen, complete with stainless steel appliances, granite countertops, & a large island, along with a spacious living room, dining room, & master suite with a walk-thru closet & a beautiful bathroom.
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1198 Pulehu Road
Kula
$1.75M (FS)
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Tropical Kula wonderland. Bi-Coastal ocean view home with architectural flare throughout. Over 4,000 square feet of beauty. Upstairs you’ll find a large living room w/gourmet kitchen highlighted by a gas cook top, tons of cupboards, a utility garage and desk area.
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6900 Makena Road
Makena
$14M (FS)
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There is only one Makena Beach and there is only one estate at Makena Beach. This is that one. With over 600 feet of ocean frontage, and bordered by beaches north and south, this is Maui's most private and secure oceanfront home. A rare offering.
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Homes Under $1M
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433 Lihi Street
Kahului
$349K (FS)
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Large, level lot with older 3BD/1.5 single level residence in mostly original condition & in need of some TLC.
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814 Pokole Place
Makawao
$374.9K (FS)
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Bank Owned. 3 Bedroom 2 bath home close to Makawao School. Nice lot on a quiet street.
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1939 Peke Place
Kihei
$449K (FS)
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Walking distance to Kalama Park, located behind Foodland. This single level block home and detached block cottage is ready for someone to give it some TLC. Property is completely fenced.
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85 No'olu Street
Kihei
$465K (FS)
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Short Sale. A great location in Piilani II. Nice corner lot in a family friendly neighborhood. Conveniently located to shopping, schools, golf and beaches. This 3 bedroom 2 bath house is ready to move into. Upgraded inside. Vaulted ceilings. Nice Laminate flooring throughout the home with tile in the kitchen. Central air conditioning and a fabulous outdoor living space.
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175 L. Waiehu Beach Road
Wailuku
$649.9K (FS)
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Bank Owned. Unique property located across the ocean. As you come up the driveway, you will see all dwellings were designed so the living area is actually on the 2nd floor. On ground floor are garages (although no garage doors), laundry & storage rooms.
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Vacation Condos Over $1M
Ho'olei G-1
Wailea
$1.895M (FS)
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Best deal in the entire neighborhood. Ho'olei G-1 boasts 3,076 sq. ft. of interior footage, making it one of the largest condominiums you'll find in the Wailea Resort. The three bedrooms in this residence are like a retreat, each including an ensuite bath and plush cabana antigua carpeting. This home is also being sold completely furnished.
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Vacation Condos Under $1M
Kihei Kai #8
Kihei
$249K (FS)
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This unique beach front boutique complex sits on the famous fabulous Sugar Beach with miles of soft sand (perfect for beach walks) at your toes. This sweet, fully furnished unit has 2 A/C units for extra comfort. The space is very clean and recently remodeled.
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Kihei Akahi D309
Kihei
$368K (FS)
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Great view directly to the ocean from the balcony, living room, and kitchen. A fantastic 1 bedroom, 1 bathroom vacation condo currently rented through VRBO.
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Sugar Beach Resort #405
Kihei
$380K (FS)
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Wonderful location in the complex with both ocean and mountain views. Sugar Beach Resort is located on a long stretch of white sand and is a favorite resort destination.
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Residential Condos
Southpointe 16-105
Kihei
$249K (FS)
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Rare offering includes 3 parking stalls & great location. Ground floor corner unit with spacious open floor plan with covered patio and large yard.
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Villas at Kenolio 6K
Kihei
$335K (FS)
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Short Sale. Well maintained 3B/2B unit located near the rear of the complex. Looks out to the bird sanctuary just steps from the pool, spa & exercise room. Pets friendly complex, tandem parking directly in front of unit. Walk to beach, bus transportation, stores. Short drive to businesses, schools, banks, post & airport.
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Kanani Wailea #26
Wailea
$850K (FS)
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Short Sale. Luxurious living in this spacious ocean view 3 bedroom 2.5 bath in a Wailea gated community. Never been rented. The owners take pride in this beautiful home with lots of upgrades which made this home even more special.
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Vacant Land
1284 Hiahia Street
Wailuku
$190K (FS)
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Short Sale. This property is the best value on the North Shore of Maui with Ocean views and West Maui & Haleakala Views. Water meter installed. Large lot ready for new owners home.
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