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Issue 1168 | August 20th, 2025
Aloha ,
Mortgage Rates Drop to 2025 Lows - Is it Time to Make Your Move?
Aloha!
Great news for home buyers: mortgage rates have just hit their lowest level of the year! According to Freddie Mac’s latest data, the average rate on a 30-year fixed mortgage has dropped to 6.58%, down from 6.63% last week — and the lowest since October 2024.
While this dip may not seem dramatic at first glance, it could signal a turning point for buyers who’ve been sitting on the sidelines. As Freddie Mac's chief economist, Sam Khater put it, "Purchase application activity is improving as borrowers take advantage of the decline in mortgage rates."
However, even with this rate relief, the housing market remains complex. Affordability challenges persist, with high home prices, rising property taxes, and elevated insurance premiums continuing to pressure buyers, sellers, and renters alike.
As we move through the traditionally busy summer real estate season, this drop in rates could open a window of opportunity — especially for those ready to act. Whether you're considering buying, selling, or just watching the market, we’re here to help you navigate the latest shifts with confidence.
Mahalo Nui Loa,
Ken Smith R(S), Melissa Smith R(B), and Gregory P Smith R(B)
The Smith Team
P.S. Honuaʻula Project Moves Ahead with Mayor’s Signature
Market Watch
| |
Active |
Pending |
Sold |
Change |
| Homes |
458 (406) |
105 (75) |
692 (511) |
+2 |
| Condos |
873 (337) |
87 (20) |
694 (250) |
+1 |
| Land |
203 (77) |
20 (6) |
151 (54) |
+3 |
| Total |
1534 (820) |
212 (101) |
1537 (815) |
+6 |
1. Numbers in parentheses reflect listings over $1M
2. Sold listings are for the previous 12 months
3. Change is the increase/decrease from the previous week
January 2025
February 2025
March 2025
April 2025
May 2025
June 2025
July 2025
Market Statistics
Updated list of all bank-owned and short-sale properties:
Bank-owned
Short sale
Homes Over $1M
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323 W Kuiaha Rd
Haiku
$1.075M (FS)
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Charming single-family home at 323 West Kuiaha offers a great opportunity with its thoughtful layout. Spanning approx. 1,166 square feet, the home features 2 bedrooms and 2 bathrooms. The home retains its classic 1920s plantation-style charm, enhanced by a meticulous renovation completed in 2020.
Customer Listing Synopsis
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248 Piliwale Rd
Kula
$3.559M (FS)
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Endless horticultural possibilities await on this rare AG-zoned, turnkey property, with the potential for SELLER FINANCING. Complete with a valuable 2-inch water meter, this operational property is full of opportunity. Enjoy the pleasant Kula country weather, breathtaking ocean and mountain views, and the ideal climate for cultivating your own future.
Customer Listing Synopsis
Video Tour
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461 Laulea Pl
Paia
$9.850M (FS)
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Wake up to the sound of waves and the sight of the sun rising over the Pacific at this rare Spreckelsville beachfront retreat. With 100 feet of peaceful, secluded sandy beach just beyond your lawn, this home is designed for those who dream of an effortless oceanfront lifestyle.
Customer Listing Synopsis
Video Tour
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Homes Under $1M
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1669 Makawao Ave
Makawao
$670K (FS)
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Prime Upcountry Opportunity--Build Your Dream in Makawao, Maui Nestled in the heart of Makawao, this rare 0.44-acre property offers a blank canvas for your Upcountry vision. Set along the charming and established Makawao Avenue corridor, the lot features county water, overhead electric, and easy access to schools, shops, and the town center.
Customer Listing Synopsis
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372 Ehilani St
Pukalani
$749K (FS)
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Discover the magic of Maui living in this sweet 2-bedroom, 1-bath plantation-style cottage, nestled on a truly special property bursting with fruiting trees. The efficient design is perfect for those who love the indoor/outdoor lifestyle. The land is the real star here: a thriving landscape with mature mango, olive, and a stunning, oversized lychee tree offering shade, fruit, and character.
Customer Listing Synopsis
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3237 LUAHINE Pl
Haiku
$890K (FS)
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Charming plantation-style home in good condition. Beautiful Haiku location near the end of a cul-de-sac. Wood floors, lots of windows for breeze and light. Close to Pauwela Cannery Shops and world-famous Hookipa Beach Park surf and windsurfing beach. There is a lot of room beside the house for storage.
Customer Listing Synopsis
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154 Cooke Rd
Kula
$998K (FS)
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Discover the charm of island living in this newly remodeled Upcountry Maui cottage. Nestled on the gentle slopes of Haleakala at approx. 3,700 ft, this 1-bedroom, 1.5-bath single-level home features a bonus den, two decks, and an attached carport. The property has been completely updated with new flooring, a modern kitchen, brand-new appliances and a brand-new roof, blending comfort with island character.
Customer Listing Synopsis
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Vacation Condos Over $1M
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Kaanapali Plantation # 41
Lahaina
$1.295M (FS)
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This 3-bedroom 2.5-bath Kaanapali Plantation was converted from a 2-bedroom. It is a great place to live, or you can vacation rent it when you're not here. # 41 has no one above you and is very private. Kaanapali Plantation is a short ride to the world-famous Kaanapali Resort, where you'll find shopping, great restaurants, and world-class golf, not to mention spectacular beaches!
Customer Listing Synopsis
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Wailea Ekolu # 1705
Kihei
$1.450M (FS)
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Situated on the prestigious Wailea Blue Golf Course with stunning ocean views, this modern single-level 2-bedroom, 2-bath ground-floor residence is located in Wailea Ekolu. Open-concept design with luxury gray vinyl plank flooring throughout.
Customer Listing Synopsis
Video Tour
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Mana Kai # 209
Kihei
$1.695M (FS)
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Welcome to Unit 209 at Mana Kai Maui, a beautifully upgraded and fully furnished 2-bedroom, 2-bath beachfront condo with stunning panoramic views of the Pacific Ocean, Molokini, and the West Maui Mountains. Perfectly positioned on world-renowned Keawakapu Beach, this unit offers year-round sunsets, seasonal whale watching, and direct access to one of Maui’s best beaches for swimming, snorkeling, and stand-up paddling.
Customer Listing Synopsis
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Hoolei # T-1
Kihei
$5.250M (FS)
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Step in to your tropical luxury resort villa situated conveniently at the doorstep to Grand Wailea, with access to Wailea Beach, for an elevated lifestyle landing in the hub of paradise. Split-level townhome unit T-1, freshly repainted in 2022, offers great privacy coupled with being the largest floor plan, (Hibiscus), in a most desired end unit position.
Customer Listing Synopsis
Video Tour
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Vacation Condos Under $1M
Maui Vista # 2202
Kihei
$495K (FS)
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Welcome to this 1 bedroom, 1 bathroom condo tucked away in a quiet corner of the beautifully landscaped Maui Vista. Benefit from the functional layout, private lanai to enjoy the beautiful South Maui sunsets, in-unit washer/dryer, tile flooring, tiled shower wall, and upgraded kitchen countertops.
Customer Listing Synopsis
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Makani A Kai # B10
Wailuku
$799K (FS)
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Welcome to Makani A Kai, a charming boutique beachfront complex offering the perfect blend of serenity and convenience. With its prime location in Ma'alaea, this exceptional property places you close to shopping, dining, the Maui Ocean center and some of the island’s most beautiful beaches.
Customer Listing Synopsis
Video Tour
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Shores of Maui # 216
Kihei
$799K (FS)
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Welcome to your Maui dream retreat! This beautifully renovated 1-bedroom, 1-bath condo offers unobstructed, panoramic ocean views, upscale finishes, and resort-style amenities-all in a prime Kihei location. Enjoy spectacular sunsets over the Pacific from your private, covered lanai and wake up to sunrises above Haleakala's 10,000-foot summit from your bedroom.
Customer Listing Synopsis
Video Tour
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Maui Parkshore # 213
Kihei
$799K (FS)
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Welcome to Unit 213—your front-row seat to Maui’s most iconic sunsets. This beautifully updated 2-bedroom, 2-bath condo offers panoramic ocean views, a sleek interior, and unbeatable access to Kama?ole III Beach, just steps from your door. Fully furnished and turn-key, this stylish escape features a modern kitchen, A/C, in-unit laundry, and photovoltaic (PV) solar power for energy-efficient living.
Customer Listing Synopsis
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Nani Kai Hale # 302
Kihei
$825K (FS)
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PRICED TO SELL, CHECK ** HOTEL ZONED, CHECK ** BEACH FRONT LOCATION, CHECK ** OCEAN VIEWS, CHECK ** 2BD/2BA, CHECK ** AIRBNB READY, CHECK ** and the list goes on! Aloha and E Komo Mai (Welcome) to Nani Kai Hale, translated in English to your "beautiful home by the sea". Step into this beautifully updated condo along the shores of Sugar Beach in Kihei, a wonderful stretch of approximately 5-miles of sandy coastline. Here you can live the active lifestyle you desire!
Customer Listing Synopsis
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Residential Condos Over $1M
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Keala O Wailea # 7-104
Kihei
$1.650M (FS)
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HUGE PRICE IMPROVEMENT...$249k below original price! Where Wailea LUXURY meets LOCATIONx3! (And, currently, the LOWEST-priced 3-bedroom condo you will find in Wailea!) Discover your slice of Maui paradise in this rare 3-bedroom, 2-bathroom, fully furnished, ground-floor corner unit located in this exclusive gated community of Keala O Wailea (K.O.W.), recently built in 2018.
Customer Listing Synopsis
Video Tour
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Kai Malu # 43B
Kihei
$2.495M (FS)
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Welcome to Kai Malu 43B, beautifully remodeled in 2024, this 3-bedroom, 2.5-bathroom home offers unparalleled privacy, a spacious outdoor area and breathtaking views of the ocean and outer islands. Step inside to discover an open-concept kitchen and living room, perfect for both entertaining and everyday living. Wide plank oak flooring graces the upper and lower levels, adding warmth and elegance throughout the home.
Customer Listing Synopsis
Video Tour
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Makalii at Wailea # 103
Kihei
$2.495M (FS)
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Welcome to Makalii one of Wailea’s newest luxury residences known for its mid-century modern design. This spectacular condominium (7C) is located in the upper row and is situated in the only building that faces north, overlooking the beautiful Wailea Blue Golf Course. The orientation of this building provides wonderful privacy and an abundance of natural light from the floor to ceiling windows.
Customer Listing Synopsis
Video Tour
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Residential Condos Under $1M
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Harbor Lights # D309
Kahului
$199K (FS)
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Harbor Lights D309 – Stylish, Renovated, and Ideally Located with Garden & Mountain Views! Welcome to D309, a beautifully upgraded 2-bedroom, 1.5-bath unit nestled in the heart of Harbor Lights. Completed in July 2025, this thoughtfully remodeled home offers modern comfort, natural light, and refreshing cross breezes, making it the perfect island retreat.
Customer Listing Synopsis
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Honokowai East # 403
Lahaina
$299K (FS)
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Welcome to Unit 403 at Honokowai East, a bright and airy studio on the top floor with beautiful views of the ocean. Located across the street from Honokowai Beach Park, with dining and shops close by, this unit is the perfect island escape or investment opportunity. Stay cool with air conditioning powered by your AOAO dues, which also conveniently covers all utilities, including electricity, cable TV, water, and trash.
Customer Listing Synopsis
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Kihei Shores # C003
Kihei
$429K (FS)
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MOTIVATED SELLER! PRICED TO SELL! Bring your offers! Seller offering $5500 buyers' closing credit. Freshly painted unit and brand-new microwave. Cozy two-bedroom, two-bathroom ground-floor unit with a quiet garden setting. You'll surely enjoy life in the heart of South Maui, steps from Kamaole Beach III, shops, and restaurants.
Customer Listing Synopsis
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Puuone Gardens # 13
Wailuku
$499K (FS)
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Move in ready, centrally located Wailuku condo home at Puuone Gardens includes stunning Kahului harbor ocean views; watch the cruise ships enter and exit the harbor. Watch the epic sunrises over Haleakala as you sip your favorite morning beverage. Two bedroom, one-bath condo on one level.
Customer Listing Synopsis
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Keonekai Villages # 18-204
Kihei
$520K (FS)
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Moments from the glimmering turquoise waters of Kamaole Beach III, sits this lovely pet-friendly condominium. Discover the ultimate Maui lifestyle in this tranquil 2-bedroom, 1.5-bath home nestled in a quiet corner of Keonekai Villages near Kamaole Beach Park III. As you walk into this bright and airy second floor condo, you are greeted with cool AC, an open concept floor plan and beautiful views of mature landscaping dancing through each window.
Customer Listing Synopsis
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Flats at Kamalani # 605
Kihei
$599K (FS)
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Welcome to Unit 605 at The Flats at Kamalani, where modern luxury meets island living! This exceptional 3-bedroom, 2-bathroom condo boasts a spacious 1,022 sq. ft. of thoughtfully designed living space, perfect for entertaining or anyone seeking a serene retreat in the heart of Kihei, Maui. Step inside and be greeted by a fresh, inviting atmosphere with brand-new carpet and freshly painted walls throughout.
Customer Listing Synopsis
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Haleakala Gardens # 12E
Kihei
$695K (FS)
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Welcome to Haleakala Gardens, a pet-friendly complex just one block from the ocean and steps to Kalepolepo Beach and Waipulani Beach Park. Nestled in lush tropical landscaping, this top-floor, garden-view unit in Building 12 offers peace and privacy with a beautifully remodeled interior. This spacious 3-bedroom, 2-bathroom home features soaring vaulted ceilings and a thoughtful full renovation from top to bottom.
Customer Listing Synopsis
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Vacant Land
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487 Cross Rd
Kula
$949K (FS)
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This is the only lot currently available in the highly desirable Keokea Kai Subdivision. Located approximately 3,000 feet above sea level in the serene upcountry community of Keokea, Kula, this rare offering provides a peaceful lifestyle with cool, comfortable temperatures year-round. Enjoy breathtaking views of Haleakala and stunning bi-coastal ocean vistas that make this location truly exceptional.
Customer Listing Synopsis
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