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The Smith Team - Two Generations of Satisfied Customers

  Issue 334 July 28th, 2009 
 
Aloha ,

In this newsletter:
Market Update
Market Watch
Homes Over $1 Million
Homes Under $1 Million
Vacation 
Condos Over  $1M
Vacation Condos Under $1M
Residential Condos
Vacant Land

 

 

Market Update

U.S. new home sales posted their biggest monthly gain in eight years in June (Up 11% from May), suggesting the housing market may be starting to recover from its worst slump since the Great Depression of the 1930s.  Despite the large increase, sales levels are still much lower than a year ago and prices are still declining in most areas of the Country.  Read more.
 
One of the factors leading to the increase in sales is the "Homebuyer's Tax Credit" of up to $8000.  If you or your spouse have not owned a home within the last 3 years, you may be eligible for this credit provided you meet certain income requirements and the home will be occupied as your principal residence.  You must close on your purchase by December 1, 2009 in order to be eligible for this tax credit, so time is running is out.  Read more.
 
In addition to the Homebuyer's Tax Credit, foreclosures are also a major factor stimulating sales.  Here is a list of the 80 bank owned (REO's) propertiesthat are currently for sale on Maui.  We will soon be listing a home and cottage in Pukalani, a large 5 bedroom home in Kihei, and a 2 bedroom condo at Southpointe.  Call or e-mail us for more details.
 
Lastly, a major landowner, Maui Land & Pineapple, is liquidating most of their holdings.  This has created some extraordinary opportunities for those seeking to develop land or have a large estate.  See hot buy below under land.  Also, they are selling a home that had been previously bought for one of their executives for $2.5 million.  Although the asking price is $2.2 Million, we understand that they will take considerably less.  See listing below under Homes Over a Million category.
 
Mahalo Nui Loa,  

The Smith Team

P.S. Don't forget to Follow us on Twitter.

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 July 27th, 2009

 Active Pending Sold Change
Homes 1023 (416) 158 (17)   674 (110) 0
Condos 1514 (286) 145 (6)   596  (137) -17
Land  596 (181)    35 (15)   80  (28) +2
Total 3133 (883) 338 (38) 1350  (275) -15

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

686 Omaopio Rd.jpg
  686 Omaopio Road
Kula
$1.2099M (FS)
 

Bank Owned. Horse lover's dream property. Two competition grade arenas, 3 pastures, 18 paddocks, 25 stalls, bridle path on perimeter, huge feed and equipment storage building, client tack room, owner tack room, barn office, cross ties, vet & farrier area. All stalls fully rubber matted, rubber pavers on barn aisle, ample parking.

500 N Holokai Road.jpg
500 N Holokai Place
Haiku
$1.96M (FS)

Large tropical 2 story ocean view plantation home and 35' breezeway to a one bedroom cottage amongst a very private and lush 2 acre estate with 5 car garages . Lanai overlooking Uaoa Bay.

Customer Listing Synopsis

300 Inu Road.jpg
  300 Inu Road
Kula
$2.2M (FS)
 

Owner is Maui Land & Pineapple Co. Kula at it's best: Elegant country estate w/year round fantastic climate (dry & warm). Breathtaking coast-to-coast views. Extensive use of wood & rock features throughout the house. Must be sold now....make offer!

Homes Under $1M

109 Papahi Loop.jpg
109 Papahi Loop
Kahului

$433K (FS)

 

Bank Owned.Two story family home located in the Legends at Maui Lani. Fenced back yard with a large patio.

Customer Listing Synopsis

3031 Kauhale St.jpg
3031 Kauhale Street
Kihei

$495K (FS)
 

Short Sale. 4 bedroom 2 bath home in great South Kihei location ½ block from the Wailea Fire station and just 5 minutes to Keawakapu Beach. The kitchen has been completely remodeled in 2007 with granite counters, travertine floors, upgraded cabinets, and track lighting.

 

69 Honuea Place.jpg
65 Honuea Place
Kihei

$599K (FS)

 

Great value for this well constructed 3 bedroom 2.5 bath main home and detached, income producing 1/1 cottage. Located in Honu Alahele, and conveniently situated close to Sugar beach.

  Cutomer Listing Synopsis

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17 Iliwai Loop
Kihei

$662.9K (FS)
 

Bank Owned. Spacious 5 bd/3.5 ba home with nice ocean views. Upgrades include granite tile in the kitchen and wood laminate flooring. This floor plan has multiple options. It could be used as a 3 bedroom unit with a separate 2 bd. mother-in-law quarters.

 

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59 Hoawaa Way
Wailea

$995K (FS)
 

Keawakapu Beach just steps away. Use of a private four acre park. Phenomenal sunsets & touches of ocean views.  Each bedroom has its own bath plus a half-bath for visiting guests, huge living room and dining room plus quiet den and best of all a fabulous pool overlooking the views.

 

Vacation Condos Over $1M

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Ho'olei P1
Wailea
$2.55M (FS)
 

The exclusive Ho'olei in Wailea, Maui offers the utmost in modern luxuries, a stunning, natural backdrop and lavish resort amenities. This finely appointed 3 bedroom, 3.5 bathroom designer townhome of 3076 sq ft, features a private elevator and attached garage, gourmet kitchen, expansive master suite, and an open floor plan.

Customer Listing Synopsis

Vacation Condos Under $1M

Koa Resort 1B.jpg
Koa Resort 1B
Kihei
$228K (FS)
 

Bank Owned. Ground floor 1 bd. 1 bath unit in  building 1.


 

Kihei Garden Estates H103.jpg
Kihei Garden Estates H103
Kihei
$235K (FS)
 

Kihei Garden Estates, a small quiet complex with a great Maui feel.  Unit #H-103 is currently used as a vacation rental but this complex also has permanent residents attracted by the great location and amenities.

Virtual Tour

  Customer Listing Synopsis

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Sugar Beach Resort #112
Kihei
$425K (FS)
 

1 bd. 1 bath corner unit with an ocean view from the lanai. You are on miles of the finest surf and beaches on Maui. Amenities include oceanfront pool, Jacuzzi, sauna, tennis, barbecue, and more. Sugar Beach has just completed a major renovation including exterior painting, new central A/C system, and Roof.


 

Wailea Ekolu 904.jpg
Wailea Ekolu #904
Wailea
$698K (FS)
 

Panoramic Ocean Views. The main living area boasts expansive high beam ceilings. This top floor unit is situated in the premier front row building #9.  The contemporary furnishings with island touch adds a comforting atmosphere. Good rental history.


 

Residential Condos

Kihei Shores F208.jpg
Kihei Shores F208
Kihei
$179.9K (FS)
 

Lovely, bright fresh and clean 2 bd. 2 bath right across the street from beautiful Kamaole III Beach. Condo features tile floors, nice floor plan and small ocean view from balcony. Complex offers a nice pool area.

  Customer Listing Synopsis

Hale Kanani 3 201.jpg
  Hale Kanai 3-201
Kihei
$339K (FS)
 

Luxurious, spacious & light filled corner unit at Hale Kanani. A large master suite w/ walk in closet, and lanai access from the suite. Enjoy the ocean view, breezes and sunsets from your roomy lanai. The kitchen boasts granite counter tops, with eating bar and lots of cupboard space.  

Customer Listing Synopsis

Cottages at Kulamanu 32.jpg
Cottages at Kulamalu #32
Pukalani
$409K (FS)
 

3 bedroom 2.5 bath IWI model is one of the paired condominium homes in this new upcountry community built by D.R. Horton - Schuler Homes. HOA fee includes water, trash, sewer, Homeowner's Insurance, exterior maintenance of each home and common areas. Below market financing available.

  Customer Listing Synopsis

Kai Malu 18A.jpg
  Kai Malu 18A
Wailea
$899.9K (FS)
 

Bank Owned. 3 bedroom 2.5 baths with 1,796 sq. ft. of living area. 

Customer Listing Synopsis

Vacant Land

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112 Kahiapo Place
Haiku
$399K (FS)
 

Over 10 acres of beautiful Haiku land. The property is gulch to rim with several spots for building and views to Kuiaha Bay.

  Customer Listing Synopsis

0 Baldwin Avenue.jpg
  0 Baldwin Avenue
Makawao
$2.49MK (FS)
 

Maui Land & Pineapple Co acreage. Unique one-of-a-kind large agricultural property. Two existing lots. Property can be further subdivided. Fantastic opportunity to acquire a large agricultural lots.

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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