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| Issue 333 | July 21th, 2009 |
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| Aloha ,
In this newsletter:
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Ka'anapali Hillside
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Market Update
Are you familiar with the Mark Twain quotation, "Figures Never Lie, But Liars Figure?"
This has to do with the elemental truth that the same set of statistics can often lead to to totally different conclusions, depending on the bias of the author.
As much as possible, we try not to let our personal biases taint our judgment. As Realtors®, we do have a bias towards home ownership. We also don't subscribe to the Doom and Gloom theory being promoted by many people these days.
On the other hand, we are not going to bury our heads in the sand, and pretend that everything is rosy. It is obviously not. As we have previously reported, sales are on the rise, and nationally, inventories have dropped for 12 consecutive months. At the same time, foreclosures on Maui are also increasing.
Is it a good time to buy? We believe that only you can answer that question. We would love to hear your thoughts. In fact, if enough people respond to this question, we will post the results in our next Newsletter.
Mahalo Nui Loa,
The Smith Team P.S. Here are the comparisons from our Market Watch below with what we reported a year ago. Active Listings for Homes are down from 1100 to 1023, Condos down from 1533 to 1531 (negligible), and Land Inventories have increased to 592 from 533 a year ago. Sales from the previous 12 months were down significantly in all categories; however, Pending Sales, which are a leading indicator, show a marked improvement in both home and condo sales, but not on land. We take this to mean that there is a light at the end of the tunnel. What do you think? P.S.S. Greg wants to go on record that these two lots at Papanui in Makena are a "Once in a Lifetime Opportunity." Call him at (808) 280-1414 to arrange a personal viewing or to find out why he feels the way he does.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
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Market Watch for July 20th, 2009
| Active | Pending | Sold | Change | |
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| Homes | 1023 (421) | 159 (15) | 684 (110) | +10 |
| Condos | 1531 (287) | 141 (7) | 579 (129) | +4 |
| Land | 592 (177) | 38 (15) | 78 (28) | -13 |
| Total | 3146 (885) | 338 (37) | 1341 (257) | +1 |
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1. The numbers in parentheses reflect the number of listings over $1M |
 870 Kupulau Drive Kihei $1.25M (FS) |
Newer custom built home in prime upper Maui Meadows location with wonderful ocean views. This meticulous two story home is light, bright and airy! The spacious living room with 10' ceilings opens out to the large deck to capture the ocean and sunset views and also has a formal dining area. |
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Beautifully designed, this 4 bedroom, 3 bath home includes a separate guest quarters and a 3rd garage. Many custom features grace this private gated property, including wood floors, granite countertops, fireplace, central heat, terraced gardens and mature trees, with beautiful entry waterfall and pond. Also unique to the property are the “Green Features” including 48 solar panels on hydraulic lifts, biodiesel backup generator and special water filtration system. |
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 8445 Kula Highway Kula $1.395M (FS) |
Luxurious country perfection in this Keokea 1.02 acre 3BR/2BA, 2,696 s.f. home. Enjoy beautiful Kula views from this uniquely landscaped, very private, rural zoned property.The architecturally designed home, completed in 2006, offers tasteful, quality material selections with great attention to detail. Enlarged and remodeled by a licensed contractor for himself. Deluxe master suite with heavenly bathroom. |
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Bank Owned. Great Views in Waiehu Terrace. Come see this 3 bd. 2 bath home with ocean views. Hollow tile wall surrounding property for some privacy. |
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 106 Alahele Place Kihei $469.9K (FS) |
Bank Owned. House and cottage in Central Kihei. Main house upstairs has wood flooring in kitchen and living area. Has a lot of potential.
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Bank Owned. This home offers a large deck overlooking beautiful ocean and mountain views. Coconut wood floors, fireplace, office space, all this on a half acre of land. |
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Bank Owned. Surfer or ocean lover's Dream house with 180 degree views of the surf and the North Shore of Maui in the distance. This home takes full advantage of the view with a fabulous great room and kitchen upstairs great for whale watching in winter and year round incredible sunrises. |
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 95 Oleander Road Kahana $849K (FS) |
Enjoy the best of Kahana Ridge, one of West Maui's most desirable communities. With 4 bedrooms, 2.5 baths, oceanviews and many amenities, this great home has it all... at a price that's hard to beat. Imagine relaxing in the warm tropical sun while floating in your own private in-ground pool.
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Wailea Beach Villas PH210
Wailea $2.15M (FS) |
Wailea's Premiere Beachfront Condominium Complex, Wailea Beach Villas is the epitome of luxury. Located in the Penthouse Building, this large 2 bedroom plus den and 2 bathroom unit is situated close to the front desk / concierge, fitness center, family pool, owner's lounge and the Shops at Wailea. |
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Ho'olei F4
Wailea $2.199M (FS) |
Short Sale. Welcome to Ho'olei, Wailea's newest premier development. Enjoy amazing views from this professionally decorated 3 bedroom 3.5 bath unit. Prime location featuring Ocean, Mountain and Golf Course views. Unit is truly Turn-key, ready to live in or keep in Grand Wailea's Rental Program. Amenities include; Concierge, Shuttle Service, Pool with waterfall, whirlpool spa's, fitness center and more. Membership to Grand Wailea's Kulana Club. |
 Kihei Resort #108 Kihei $220.9K (FS) |
ShortSale. Fantastic one bedroom, one bath ground floor condo. Bright, clean, and comfortable. Kihei Resort is beautifully landscaped with lush, tropical gardens and a great swimming pool.
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 Lahaina Roads #208 Lahaina $493.9K (FS) |
Bank Owned. Gorgeous views of the ocean from this unit, enjoy sunsets every evening!!! Lahaina Roads complex has in ground pool and a fantastic ocean view. Buidling has one elevator and conveniently located on the less congested side of Front Street. |
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 Hololani B-102 Kahana $693K (FS) |
Great ocean view from this very private ground floor unit. Kitchen and bath remodeled. Great ocean front pool and BBQ area with great swimming beach. Watch kite surfers from your lanai. Whales in season. Great sunsets.
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 Grand Champions #160 Wailea $699K (FS) |
Ideal retreat on the sunny side of Maui, away from the traffic and throng of people. Largest model at Grand Champions Villas. 3bd. 2 bath upstairs corner-end unit, overlooking the 7th Fairway. So quiet, you can hear the ball ping. Sliding doors off the living room and Master Bedroom extend your Hawaiian lifestyle outdoors to the spacious lanai decks.
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 Kihei Shores B-001 Kihei $174.9K (FS) |
Bank Owned. Great location. Close to shops, across the street from Kamaole Beach Park III, and minutes drive to resort area of Wailea. Complex has in ground pool. |
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 Waipuilani #206 Kihei $237.6K (FS) |
Bank Owned. Waipuilani Condominiums are the best kept secret in S. Kihei. This Ocean Front, 42 unit complex has a pool, BBQ area, and public tennis courts. Grab your windsurfing gear and head for the white sandy beach out front. This 1.22 acre property has a green belt where you can relax and enjoy a picnic lunch with friends and family while you watch the whales in season. Bank to pay 3% of sales price towards buyers closing cost. |
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 Kai Makani 32-203 Kihei $399K (FS) |
Short Sale. Just reduced $100K! Brand new never been lived in condo at Kai Makani Beach Villas. A pet friendly complex of 112 distinctive condominium homes located across the street from popular North Kihei windsurfing beach. Features vaulted ceilings, tile, carpet, granite counters, central AC and 2 parkings stall, 1 assigned. Amenities include pool, BBQ areas and clubhouse with excercise room. |
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 Villas at Kahana Ridge 234 Kahana $427.9K (FS) |
Bank Owned. Great opportunity for first time buyer or investor. 3 bd. 2 bath unit. Property needs a little work. |
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 Wailea Point #604 Wailea $4.2M (FS) |
This is the finest unit available at the esteemed Wailea Point. Majestic ocean views the moment you walk through the door. This spacious two story unit with an artistically carved koa wood staircase has the feeling of elegance that one might expect in this precious location. Koa cabinetry throughout the kitchen, mosaic tiles and much muh more. |
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