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Aloha ,
Market Update
One of the main driving forces for real estate has always been the conversion of renters to homeowners.
This has never been more true than it is today when interest rates are so low and rents so high that it is often less expensive to own a home than to rent one.
According to recent survey conducted by Opinion Research Corporation, 60% of home renters plan to buy a home in the next 5 years, and 40% of apartment renters also plan to buy a home. Read More
When you combine this trend with the demand from Baby Boomers for second homes and vacation properties, the future certainly looks very bright for real estate.
Have a wonderful week and let us know how we can help you profit from this dynamic real estate market.
Mahalo Nui Loa,
Greg, Melissa, Ken, and Jeremy
P.S. - Sneak Preview. We will be listing an upgraded 3 bedroom vacation rentable condo with golf course and ocean views in Wailea for under $750K very shortly. Let us know if this might be of interest to you, and we will advise you as soon as the listing is signed.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
Market Watch for February 25th , 2013
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Active
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Pending
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Sold
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Change
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Homes
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498 (289)
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246 (38)
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939 (121)
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-4
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Condos
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793 (200)
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293 (23)
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1235 (95)
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-18 |
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Land
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395 (113)
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46 (8)
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176 (18)
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+2
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Total
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1686 (602)
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585 (69)
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2348 (234)
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-20
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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
500 Hoopalua Drive
Pukalani
$1.099M (FS)
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Top of the subdivision with views of south and central Maui. Main house is owner occupied and had kitchen upgrades. The 2nd dwelling is vacant. Need some repairs and landscaping, but is a charmer and peaceful.
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877 Anapuni Loop
Ka'anapali
$2.749M (FS)
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Elegant custom built Villa featuring 27 foot African mahogany disappearing doors that seamlessly expand the spacious interior and magnificent Bankarai iron wood deck to create a luxurious 4,650 sq. ft. of living space w pool, spa, and breathtaking ocean vistas.
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 116 Pulelehua Place
Kapalua
$3M (FS) |
Short Sale. Terrific ocean views down the 13th fairway of the world-renowned Kapalua Bay Course is the distinguishing feature of this golf-course fronting single-level Pineapple Hill Estates home. With over 4,000 square feet of gracious living, with dual master suites and an oversized great room, this top-notch quality home is ideal for indoor/outdoor living.
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 4933 Kahekili Highway
Wailuku
$3.599M (FS) |
51 acre 5,100 sq. ft executive home, featuring spectacular, unobstructed 360 views of the ocean and the Hale Mahina Mountains. Sparkling pool, barn & large riding paddock. Brilliant Brazilian Cherry hardwood floors, high ceilings & stunning views from every room. Escape to your private sanctuary - this gated estate may be your own tropical oasis with the ability to be off the grid with private well and solar power if you so choose. (Currently using county electric and private water system).
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Homes Under $1M
250 Hale Kai Street
Kihei
$299K (FS)
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Short Sale. One of only two homes under $300k in Kihei at time of listing. 3br/3ba house with tiled floors, attached studio ohana plus two-car garage. Ideal for rental or extended family living. Fenced yard great for pets or kids.
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106 Laumakani Loop
Kihei
$325K (FS)
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Short Sale. 3 bd. / 2 bath home with 2 car garage in The Meadowlands, Central Kihei. Well tended family-oriented community, with an "ohana (family) park", which includes a playground for the kids. Walking distance to Pi'ilani Shopping Village and Azeka's Shopping Centers, with grocery stores, banks, a post office, and numerous restaurants and fast food eateries.
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183 Eleu Place
Kihei
$389.9K (FS)
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Bank Owned. Large home located in Central Kihei towards the end of the dead-end street.
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369 Kuikahi Street
Wailuku
$600K (FS)
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Beautiful bi-coastal views can be enjoyed from the spacious deck and lovely gazebo of this very well built home in Wailuku Heights. From it's Monier tile roof to the redwood and stucco exterior this custom built home exemplifies quality and excellent design. The interior has a great floor plan with a fire place in the living room and open and airy dining & kitchen area along with the wet bar. On the first level there's in-law quarters, a 3 car carport, office and lots of storage.
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Vacation Condos Over $1M
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
Kihei Bay Surf #112
Kihei
$169K (FS)
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Check out this great location. Unit is fully furnished, and right across the street from the ocean. There is even a peek-a-boo ocean view from the covered Lanai. Kihei Bay Surf sits on approx. 2.84 acres, and features 118 studio units. Amenities include a beautiful pool and Jacuzzi, BBQ area with tables, tennis courts, and a community laundry room. Electric is included in the monthly HOA dues.
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Paki Maui #117
Honokowai
$265K (FS)
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This cute one bedroom unit is "A" rated in the onsite Aston Resort Rental Program and is frequently booked. Enjoy the ideal location of Paki Maui between the exclusive Kaanapali and Kapalua Resorts in West Maui. Paki Maui 117 is ground floor with easy access to the ocean and ocean side pool.
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Kihei Akahi D-508
Kihei
$399K (FS)
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Beautifully remodeled ocean view 1 bd. 1 bath vacation rental. Walk to shopping, dinning, and the best beaches on Maui. Lush landscaping including 2 pools BBQ’s and tennis courts.
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Wailea Ekolu #1003
Wailea
$625K (FS)
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Fantastic Ocean View from this 1 bedroom 2 bath vacation rental condo in the prestigious Wailea Ekolu. Ocean views from the living room, kitchen, bedroom and both lanais. No stairs to climb to gain entry to this ground floor unit.
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Residential Condos
Iao Parkside 33-206
Wailuku
$210K (FS)
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Spacious upstairs 3 bedroom 2 bath Iao Parkside condo with surprising ocean views. The excellent floor plan offers separation from the living area and bedrooms and an end unit with extra windows. There is a covered lanai and the condo has been freshly painted, has high ceilings in the living room, A/C, newer range & refrigerator and newer full size washer / dryer.
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Kihei Shore F-207
Kihei
$210K (FS)
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Nice 2 bedroom 2 bath condo in good condition located across the street from popular Kamaole Beach Park III. Convenient location close to Wailea, shops, dining, golf, tennis, & parks.
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Kai Malu 13B
Wailea
$1.249M (FS)
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Incredible value at Kai Malu located on the old Wailea Blue Golf Course. Beautiful pecan cherry hardwood floors, extended travertine on your lanai, gourmet kitchen, partly furnished, plunge pool, hot tub, and large yard with ocean-views, amenities, include 75 Ft infinity pool, fitness center, BBQ, and kitchen.
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Kapalua Ironwoods #64
Kapalua
$2.65M (FS)
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This unique 3 bedroom, 4 bath villa awaits you behind the gates at one of Kapalua's most prestigious condominium developments, The Ironwoods. Awesome ocean and golf course views northward to Honolua Bay and the Plantation Course and Plantation Estates. This location fronts on the 4th tee of the renowned Kapalua Bay Course, annually voted one of the best courses in Hawaii.
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Vacant Land
165 Hoolapa Street
Kihei
$350K (FS)
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Kilohana Waena is one of South Maui's most desirable "ready to build" custom home subdivisions. Kilohana Waena borders the Wailea Resort, which consists of The Shops at Wailea for fine and casual dining, boutique shopping, 3 championship Wailea golf courses, the Wailea tennis courts, and the brand new Wailea Town Center.
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