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| Issue 307 | Jan 20th, 2009 |
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| Aloha ,
In this newsletter:
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Haiku Estate
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Market UpdateThe market continues to be influenced by Distressed Properties. New Short Sales and Bank Owned properties are coming to the market each week. If you are in the market for a foreclosure or pre-foreclosure property, let us know the details of what you are looking for, and we will send you a list of distressed properties that most closely match your needs and budget. In addition to listings of distressed properties, many developers with unsold inventory are offering excellent pricing and incentives on new homes and condos in the Kihei, Lahaina, Wailuku, and Pukalani areas. Again, let us know what your needs and budget are, and we'll be happy to advise you as to the best deals. In our Hot Buys list shown below, we have featured one listing at Ho'olei in Wailea. If you are looking for a luxury condo in a resort area, you should definitely consider Ho'olei. The developer is motivated and willing to look at offers. Seller financing is being offered to qualified borrowers with 25% down. We wish to offer our sincerest prayers and best wishes for the Obama presidency. Have a great week! Mahalo Nui Loa, The Smith Team P.S. Interest rates have been moving higher, but are still quite attractive at 5.125% for 30 year fixed rate loan with 1 point. Add .25% for refinances. Call Caroline with Countrywide Home Loans at (808) 264-0534 for best service and rates. She can do loans in all 50 States. 
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
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Market Watch for January 19th, 2009
| Active | Pending | Sold | Change | |
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| Homes | 1071 (468) | 90 (13) | 886 (159) | +5 |
| Condos | 1682 (351) | 101 (14) | 751 (207) | -2 |
| Land | 588 (186) | 17 (6) | 96 (34) | +18 |
| Total | 3341 (1005) | 208 (33) | 1733 (400) | +21 |
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1. The numbers in parentheses reflect the number of listings over $1M |
 216 Wahi'oli Way Ka'anapali $1.65M (FS) |
Come and enjoy true paradise living at the Summit at Kaanapali Golf Estates. Enjoy great sunsets and views of Lanai and Molokai. This lovely one-level 4 bedroom, 4 bath residence also includes an additional guest bedroom and full bath. Other amenities include a 2 1/2 car garage, swimming pool, and spa.
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Exquisite jewel box on the 5th green at the Maui Country Club. 4,471 sq. ft. of gracious and private living with entry gates onto grass block with four car garage. Professionally landscaped with two waterfalls, hot tub, and lava rock walls. Gorgeous Tiger wood floors, Wolf range and dual ovens, gourmet kitchen, speakers throughout home, soffitted ceilings, and copper gutters.
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Spreckelsville Oceanfront adjacent to Sugar Cove beach, three blocks from Maui Country Club. Windsurfers launch from beach, North shore views from West Maui Mountains to Molokai. Beautiful swimming bay in easy Sprekelsville neighborhood and convienient location.
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Experience one of the most spectacular locked in panoramic views from this spectacular home perfectly sited on the slopes of Haleakala in gentle Keokea. Behold the wonders of nature as clear blue skies develop white billowy clouds and the setting sun lights the sky with dramatic colors.
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To live in one of the 17 homes of One Palau'ea Bay is to experience a transcendent way of life, imbued with the mana (spirit) of old Hawaii. Residence 9 in all parts of the living areas, has uninterrupted views of the archaeological preserve, marking it as the residence with the most direct connection to history and tradition. The design greatly enhances the views of the site and the ocean. Short sale.
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 471 Pulehuiki Road Kula $649K (FS) |
Short sale. Experience the magic of Kula living in this plantation style 3 bedroom, 2 bath home with breathtaking bi-coastal views. This beautiful two acre pastoral parcel backs up to a gulch and Haleakala ranch lands for privacy and peaceful living. There are $75,000 worth of upgrades, including a new kitchen, paint, windows, 2 large capacity septic systems, electrical, and a remodeled 1 car garage to use as a studio.
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Absolutely breathtaking views of the ocean, city and Haleakala. The sweeping views can be enjoyed from just about every room in this fine home. The upper level is complete with the breakfast nook, kitchen, dining area, sunken living room, a view deck, covered wrap around lanai, master suite, 2 extra bedrooms, bathroom, laundry room and garage. A spacious family room, kitchenette and full bath are located on the lower level. |
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 129 Halelo Street Ka'anapali $849K (FS) |
Bank owned 4 bedroom 3 bath home located in Ka'anapali Vista. Situated on a 12,000 sq. ft. lot that backs to the Ka'anapali golf course enjoy great ocean views and sunsets from the deck area. Fabulous pool surrounded by tropical palm trees making it a great space for entertaining.
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Ho'olei I-1
Wailea $2.595M (FS) |
Ho'olei is Wailea's new luxury planned community, located directly across from the Grand Wailea Hotel Resort and Spa. This exclusive neighborhood is comprised of 120 town homes. This 3 bedroom, 3.5 bath home offers a private entry and attached garage. You will feel right at home with features such as a private elevator, a gourmet kitchen with Wolf and Sub Zero appliances, and Snaidero cabinets. |
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Investor's dream. Great unit with excellent rental history. Owner currently has a VRBO website that can be transferred to the buyer at closing. Quiet location. Maintenance fees include water, electric, water, sewer, garbage, structure insurance and grounds maintenance. Complex includes pool, jacuzzi, BBQ area with picnic tables, newly resufaced tennis court and laundry facilities. Right across the street is a great park and beach with an ancient Hawaiian Fish Pond. |
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 Maui Banyan T-106 Kihei $339K (FS) |
Don't miss this opportunity to own a Maui Banyan condo at the lowest price in years. A rare find in South Kihei. Old Hawaii at its best. Purchase this desirable condo at a great price with lots of future bookings to be transferred to buyer, with new bookings still being taken.
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 Island Sands #200 Ma'alaea $449.9K (FS) |
This beautiful spacious condo has two lanais to maximize the ocean views. This condo has recently received major upgrades and is clean and bright with new tile, paint, and lights. Granite countertops in kitchen. The condo also comes furnished and is ready for vacation rental. Enjoy outside dining on your large ocean view lanai overlooking the pool. |
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Best deal in North Kihei. 2 Bedroom oceanfront remodeled condo. The views don't get any better than this. Tile floors, granite countertops & new furniture. |
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Gorgeous views from this completely remodeled and beautifully appointed, top floor unit with an upscale tropical design. The unit has shown an excellent rental history, and future bookings are included in the sale of this property. Enjoy Kapalua sunsets on your large private lanai. |
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Spectacular ocean views from this immaculate ocean front gem. Beautifully renovated and completely turnkey. Second home with no wear and tear. Custom cabinets, corian countertops and more. Great value. Oceanfront pool, BBQ and access to sandy Kahana beach. Assigned covered parking with storage locker. |
 Kihei Shores J-102 Kihei $197.5K (FS) |
Short sale. Unit is located in J Building and includes 2 parking spaces. Enjoy living in South Maui in this lowrise condominium complex located across the street from Kamaole III beach. Split bedroom floorplan allows for privacy with 2 full baths. Stacked washer/dryer included. |
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 Iliahi 20B Wailuku $299K (FS) |
Bank owned. Nicely kept townhouse. Home features panoramic ocean views, corian counters, ceramic tiles, etc. |
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 Villas at Kahana Ridge #523 Kahana $375K (FS) |
Short sale. Ocean views and primo Loction. This developer modified 3 bedroom two bath is one of only a few designed by the developer. 960 sq. ft. with a huge master bedroom (over 300 sq. ft.) with lots of closet space. Both bathrooms have been retiled and added glass enclosures. |
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