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| Issue 344 | October 6th, 2009 |
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| Aloha ,
In this newsletter:
REO Properties
Short Sales |
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Market Update
This is a reminder to take advantage of the Federal Housing Tax Credit up to $8,000 for qualified first-time home buyers to purchase a principal residence before December 1st, 2009. Did you know that a first-time home buyer is considered someone who has not owned a principle residence for three years prior to purchase? For married couples, the homeowner history must apply to both people. The tax credit will equal to 10 % of the home purchase price up to $8,000. Best of all, the tax credit does not have to be repaid. You must keep your home as your principal residence for three years. There is an income limit. Please visit http://www.federalhousingtaxcredit.com/2009/home.html for more information. If you are interested in taking advantage of the first-time home buyer tax credit, feel free to email us at [email protected] or call us at 808-572-0866 and we’ll be glad to help you find a place to call home. At this time, Senator Johnny Isakson is urging for the tax credit to be extended to December 1st, 2010 and have it increased to $15,000. We will keep you posted.
Have a wonderful week. Mahalo Nui Loa, The Smith Team
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
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Market Watch for October 5th, 2009
| Active | Pending | Sold | Change | |
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| Homes | 927 (388) | 201 (28) | 648 (80) | -15 |
| Condos | 1440 (257) | 152 (12) | 724 (147) | -26 |
| Land | 581 (177) | 41 (12) | 85 (29) | -6 |
| Total | 2948 (822) | 394 (52) | 1457 (256) | -49 |
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1. The numbers in parentheses reflect the number of listings over $1M |
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Private Foreclosure! Suburb architectural design enhanced with comfortable island style living sets a presentence for this unique residence. Custom built on a oversized 13,550 sq. ft. lot, offering spectacular ocean and island views. A spacious open floor plan surrounds your private courtyard with large pool spa and half bath. Seller financing available. |
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Do you seek the beauty, privacy and solitude of Hana only 15 minutes from Paia town? This 5.75 acre tropical paradise features 2 parcels, its own water supply (a well) a cottage and a lush valley setting. |
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Short Sale. Back on the market w/ $100K reduction. Beautiful custom home at the top of Iao Valley. Enjoy country living less than 5 minutes away from Wailuku. Close to everything but still have your own private sanctuary. |
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 3185 Hoomua Drive Kihei $988K (FS) |
Presenting a unique and beautiful property in Maui Meadows that everyone would love to own. Ocean views from almost every room in the main house. Lush landscaping that includes a beautiful lawn. Feel the privacy and peace when touring the grounds.
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You'll love this large home with plenty of outdoor lanai space including decks in the front yard and back yard. This property backs up to the Ka'anapali Golf Course for privacy and great West Maui Mountain views. |
Ho'olei O-4
Wailea $2.175M (FS) |
Ho’olei O-4 is the best-priced Plumeria floor plan left in the entire community! This home is brand new, and has never been occupied. Located just minutes away from the world-renowned Grand Wailea Resort and Spa, Ho’olei truly represents the “latest and greatest” that Wailea has to offer. |
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Bank Owned. The seller is doing a complete renovation of this 1 bd/1 bath unit. |
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 Kihei Parkshore #3 Kihei $296.7K (FS) |
Short Sale. Walk to the beach in less than a minute. Experience fantastic ocean views from this ground floor 1 bed/1 bath condo. This gorgeous unit has been beautifully remodeled with luxurious features that include granite, tile, new appliances, and cabinetry. Kihei Parkshore is located in highly desirable South Kihei and is close to everything – beaches, restaurants, shopping, movies, parks, and surfing.
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 Ma'alaea Kai #313 Ma'alaea $315K (FS) |
Short sale. Lender approved at list price. Great opportunity to own an oceanfront condo. Currently in the vacation rental program.
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 Palms at Wailea #406 Wailea $595K (FS) |
Beautiful upper corner unit in a great complex in Wailea. This partial ocean view unit has several new upgrades including A/C in both the living room and the bedroom (found in few Palms units). Excellent rental potential.
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 Lahaina Residential #213 Kihei $84.1K (LH) |
Bank Owned. This is a very rare 2nd floor Lahaina Residential condo with a vaulted ceiling and loft. This great community is located within walking distance to all the best shops, restaurants, pubs and galleries that Lahaina Town has to offer. Lahaina Residential offers designated parking, beautiful shade trees, a BBQ/Picnic area and a swimming pool. |
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 Maui Gardens E-101 Kihei $198K (FS) |
Bank Owned. Adorable ground floor end unit (3 extra windows) with beautiful new bamboo floors and upgraded tiles on lanai. This centrally located complex offers a swimming pool, hot tub, BBQ area and a tennis court. |
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 Kehalani Gardens #1806 Wailuku $281.3K (FS) |
Bank Owned. Centrally located this affordable spacious 3 bedroom townhome is a great buy. Large fenced backyard, laminate flooring, corner single story unit. Close to schools, shopping, and goverment buildings. |
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 Kai Ani Villages 1-202 Kihei $329.9K (FS) |
Kai Ani Village is Kihei's most distinctive new condominium community. The "Hoku" floor plan is an open-style charmer featuring a versatile great room and an adjacent dining area with an easy flow that is ideal for entertaining or simply enjoying time with the family. |
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