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Market Update
According to Bloomberg News, housing starts in the U.S. hovered in February near a three-year high and building permits rose, adding to signs that the industry at the heart of the last financial crisis is stabilizing. The number of building permits climbed to the highest level since Oct. 2008 with an annual pace of 717,000. This increase will help strengthen the housing market.
Demand for previously owned homes advanced in February to the highest level since May 2010. Also, new home sales increased to it's highest level since December 2010, according to Bloomberg News.
The mortgage rates for a 30 year fixed also reached an all-time low of 3.87 % in February, according to data from Freddie Mac. According to Bankrate.com, we are currently at an interest rate of 4.05 % for a 30 year fixed loan.
The housing market continues to recover with an increase in building permits, increase in sales of new and previously owned homes, and record low interest rates.
Mahalo Nui Loa,
Greg, Melissa, Ken, and Jeremy
P.S. - Just in case you need some encouragement to come visit us, please check out these terrific whale pictures taken in the warm waters off Maui. The whales will be here for another 30 or so days.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
 
Market Watch for March 19th, 2011
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Active |
Pending |
Sold |
Change |
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Homes |
621 (279) |
244 (30) |
908 (121) |
+14 |
|
Condos |
979 (180) |
286 (13) |
1134 (84) |
-1 |
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Land |
517 (117) |
35 (7) |
137 (18) |
-1 |
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Total |
2117 (566) |
565 (50) |
2179 (223) |
+12 |
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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
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98 W Mahi Pua Place
Ka'anapali
$3.295M (FS)
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Enter this custom built home and immediately you are drawn to the magnificent views of the Pacific Ocean. This spacious home in The Exclusive Pinnacle gated community borders the Kaanapali Kai South Golf course and features an ocean view infinity edge pool and Jacuzzi. Nine foot high retractable doors provide that Hawaiian tropical open air living. The touch of a button deploys the Somphy electric sun shades. Viking appliances abound in the efficient granite clad kitchen with ocean views.
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208 Crestview Road
Kapalua
$4.9M (FS)
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This home was built after the consolidation of the two finest view lots. Expansive open interior and rambling exterior lanais are the signature of this easy living home. The property includes a pool area which is over 1,000 sq.ft. and includes a private Spa. Casual Hawaiian Living at its finest!! Pineapple Hill amenities include two tennis courts and a fabulous Pineapple Hill Pool located adjacent to the Owners' Association Recreation Area.
Customer Listing Synopsis
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Homes Under $1M
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325 Nehu Place
Kihei
$374.9K (FS)
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Well renovated inside with newly installed ceramic tiles, new fixtures & cabinets in bathrooms. Spacious bedrooms, family room converted into studio with bath. New spacious decking at the back cottage. new paint inside.
Customer Listing Synopsis
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129 Molehulehu Loop
Kahului
$425K (FS)
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Bank Owned. Desirable Maui Lani 2 story home in good condition. Nice floor plan with master bedrooms and bath downstairs and 2 bedrooms upstairs.
Customer Listing Synopsis
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270 Palanehe Place
Kihei
$442K (FS)
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Picture yourself entertaining in the open kitchen/ living area w 180 degree ocean/ multi-island views from inside the home as well as on the covered lanai. This custom built home is designed w efficient use of space, good natural lighting and designer colors.
Customer Listing Synopsis
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3870 Mahinahina Street
Kahana
$531.3K (FS) |
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Short Sale. Ocean view custom "pole" house with 3 bedroom, 2 bath upstairs and a 2 bedroom/ 1 bath ohana downstairs plus a bonus area downstairs in the rear of the house. Located on a great cul-de-sac only one block to the beach. This property as vaulted ceilings, large floor plan and wrap around decks.
Customer Listing Synopsis
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35 Papakapu Place
Wailuku
$537.9K (FS) |
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Bank Owned. Offering both mountain and ocean views, this home sits along the mountains side. Cool breeze, mature landscaping and central location makes this property one to consider if you are shopping in the Central Maui market place.
Customer Listing Synopsis
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68 Alaapapa Place
Pukalani
$625K (FS) |
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Ocean and Mountain views from this beautiful Pukalani home atop Kulamalu! This 3 bedroom, 3 bath home is graciously placed on a large lot, and backs to acres of vacant Kamehameha Schools land. Custom built home is only 8 years old, with laminate flooring, plenty of windows, and large open kitchen, perfect for cooking and entertaining. Downstairs office and large family room open to huge covered lanai and large fenced yard with pond and well maintained grass and landscape.
Customer Listing Synopsis
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Vacation Condo Over $1M
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Makena Surf B-206
Makena
$2.285M (FS)
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Prime beachfront gem. Panoramic ocean views. The "B" Building sits behind the sandy beach, and commands the highest rental income. This low density complex has two sets of tennis courts, two pools and spas, an herb garden, and offers a tranquil setting away from the more active Wailea hotel strip.
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Vacation Condos Under $1M
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International Colony Club 38
Ka'anapali
$224.9K (FS)
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Bank Owned. This is a great opportunity to own a 2 bedroom/2 bath unit in Kaanapali for an affordable price. Needs some TLC
Customer Listing Synopsis
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Kamaole Beach Royale 209
Kihei
$284.9K (FS)
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A nice ocean and sunset view from this second floor unit. Remodeled. Centrally located within walking distance of many beaches, restaurants and stores for shopping.
Customer Listing Synopsis
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Kapalua Golf Villas 24T5,6
Kapalua
$423.2K (FS)
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Bank Owned. This serene Kapalua Golf Villa is situated on a World Class golf course at Kapalua Bay. Enjoy outdoor entertainment with your choice of four swimming pools and BBQ areas. Dazzling panoramic views of the ocean and course from your private lanai.
Customer Listing Synopsis
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Hololani B-302
Kahana
$489K (FS)
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Beautiful ocean and Molokai views from your living room, kitchen and master bedroom. This ocean front (sandy beach), 2 bedroom unit has a large, covered lanai as well to enjoy the views and winter whale watching. The kitchen and both bathrooms have been upgraded with granite counter tops.
Customer Listing Synopsis
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Residential Condos
Southpointe 4-106
Kihei
$132K (FS) |
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Short Sale. Garden view ground floor 2bdr, 1.5bath unit with 750sf of living and upgraded flooring/paint. 2 Non-tandem parking spaces, close to visitor parking and clubhouse. Faces homes not other condos.
Customer Listing Synopsis
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Keonekai Villages 14-201
Kihei
$149K (FS) |
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Bank Owned. Kahana Manor Penthouse Unit #601 is situated on the northern corner of the building providing additional lighting from the northwest window, as well as views of the pool and the ocean across the street. Property is located near restaurants, convenience stores, boutiques, and banks.
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Kai Ani Village 10-204
Kihei
$369.9K (FS)
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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. Two spacious bedrooms with their own individual baths add to the flexible nature of this layout. The master bedroom features a walk-in closet and the large lanai offers the perfect outdoor setting.
Customer Listing Synopsis
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Vacant Land
98 Keoawa Street
Kapalua
$875K (FS) |
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Bank Owned. A wonderful opportunity to own a magnificent piece of Kapalua. Located overlooking the distinguished Kapalua Resort, this gated community, Honolua Ridge, commands sweeping views of rolling pastures, turquoise bays and the island of Moloka'i beyond. With 4.28 Acres, this stunning property allows you to create your dream home on one of the last remaining pieces of West Maui.
Customer Listing Synopsis
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