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| Issue 1144 |
March 5th, 2025 |
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Aloha
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In this newsletter:
Land
New Properties
Price Reductions
Short Sales
Homes (1)
Condos (1)
Land
New Properties
Price Reductions
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Extraordinary Residences in Hawaii
3200 South Kihei Road
Kihei
$65M (FS)
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February Market Report
February was a quiet month for Maui real estate, with total sales dropping to levels last seen in May 2020 at the onset of the Covid-19 pandemic. The market saw 25 fewer listings than the previous month. Despite the slowdown, the pace of sales remains steady at around 100 days, while median prices continue to hold at recent levels.
Single-Family Home Transactions
With reduced sales activity, market statistics are experiencing greater fluctuations. In February, the median sales price jumped to $1.395 million, approaching the record high. Despite this increase, 60% of properties sold for less than their original list price. Among these properties, the average sale price was 11% below list price, or approximately $270,000. Serious buyers are still active, with one in four properties selling above list price in most market areas.
Condominium Transactions
Maui’s luxury condo market was alive in February, with half of all condos selling for over $1 million. Leading the way were the Kaanapali Alii, Kai Malu, Mahana and Whaler I complexes. A deeper dive into the market reveals that the median price for short term vacation rental (STVR) eligible condos was around $950K. The average days on market were 137 for STVR properties and 99 for non-STVR units.
Mahalo Nui Loa,
Ken Smith R(S), Melissa Smith R(B), and Gregory P Smith R(B)
The Smith Team
P.S. Join naturalists from the Hawai’i Wildlife Discovery Center every Wednesday morning and learn all about humpback whales, turtles, monk seals, and more Maui wildlife.
Market Watch
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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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411 (363)
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119 (90)
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745 (551)
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+14 |
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Condos
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844 (337)
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90 (34)
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800 (354)
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+25 |
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Land
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182 (78)
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30 (10)
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165 (59)
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-1 |
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Total
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1437 (778)
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239 (134)
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1710 (964)
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+38 |
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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 the number of active listings from the previous week.
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Homes Over $1M
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664 South Papa Avenue
Kahului
$1.049M (FS)
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This wonderful home and cottage are located in a convenient Kahului area. The spacious 3 bedroom, 2 bath home features modern finishes and a charming backyard with mature trees and cabana areas. Situated on Papa Avenue, this property offers easy access to all of Central Maui’s amenities, including numerous shops and restaurants.
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115 Kumula'au Ohia Loop
Wailuku
$1.495M (FS)
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This exquisite home is truly a gem, showcasing numerous upgrades and meticulous attention to detail throughout. From the moment you step inside, you’ll be greeted by thoughtful enhancements, including beautiful hardwood floors, an elegant crystal chandelier, pendant lighting, and split AC units in the great room and primary bedroom, ensuring year-round comfort.
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18 Luanaiki Place
Kihei
$1.575M (FS)
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This single-level, 3 bedroom, 2 bathroom home offers a perfect blend of convenience and tranquility. Situated just 1 mile from the popular Kamaole Beach Park III and located on a quiet cul-de-sac, this property promises a peaceful retreat while being close to everything you need. Step inside to an inviting open floor plan with laminate flooring throughout.
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2611 Olinda Road
Olinda
$2.195M (FS)
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This stunning two-story residence offers breathtaking ocean and mountain views, a lush park-like setting, and the perfect blend of comfort, privacy, and versatility. Featuring 3 bedrooms, 2.5 baths, and 2 separate living areas. The crisp Upcountry climate, combined with the abundance of flowering plants and producing fruit trees, creates a serene and rejuvenating environment.
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221 East Ikea Kai Place
Wailea
$2.695M (FS)
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A once in a generation opportunity to take advantage of an unfortunate health situation. The house is owned free and clear and there is no financial distress. The house has been vacant for over a year and understandably has been neglected. The house requires some repairs. House is being sold as is. The interior square footage according to the recent appraisal is 3,191 but becasue of some additions it may ne bigger.
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290 Hokulani Street
Pukalani
$938K (FS)
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This Single level 3 bedroom, 2 bathroom home with potential galore. Main living has a flowing floor plan with open kitchen, plenty of cabinetry, dining area, living room, 3 bedrooms and one full bath. The large family room with adjoining bath and laundry facilities has access to the split-level backyard to relax and play.
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135 Poniu Circle
Wailuku
$975K (FS)
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This single-story gem offers the perfect blend of charm, comfort, and affordability. Step inside to an open-concept living and dining area, thoughtfully designed to maximize space and natural light while framing stunning mountain views. The seamless layout invites easy living, whether you're relaxing in the spacious common areas, sipping coffee on the lanai, or hosting friends in your private yard.
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306 Uala Place
Kihei
$990K (FS)
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This 3 bedroom, 2 bathroom home is the epitome of comfort and style. The moment you walk through the door, you're greeted by a spacious living room with vaulted ceilings, creating an inviting, open atmosphere. The kitchen, with its open-beam ceiling and sliding glass doors, seamlessly extends to a spacious outdoor lanai, ideal for both intimate gatherings and entertaining.
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Grand Champions 16
Wailea
$1.05M (FS)
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Quiet Oasis in the heart of Wailea perfect for relaxing and rejuvenating after a busy day enjoying all that Maui has to offer be it: beach, pool, golf or shopping. Unit is being sold fully furnished and ready to make your new cozy garden retreat. A lock off allows for flexibility in how you use your island home.
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Kaanapali Royal N-302
Kaanapali
$1.499M (FS)
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This 2 bedroom 2 bath spacious 1,580 sq. ft Kaanapali Royal unit has outstanding ocean and island views featuring an expansive lanai adding another 380 square feet of outdoor living space. Upgraded master bath and air conditioning, enclosed master bedroom lanai, enclosed second bedroom lanai, furnishing included.
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Wailea Ekolu 1705
Wailea
$1.5M (FS)
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This modern single level 2 bedroom, 2 bath ground floor residence. Open-concept design with luxury gray vinyl plank flooring throughout. Stylish interior with remodeled features like beautiful white cabinets, stainless steel appliances, and quartz counter tops. The bathrooms feature white tiled walls in the showers with glass to add an elegant touch.
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Makena Surf F-108
Makena
$5.15M (FS)
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This ground floor 2 bedroom, 2 bathroom luxury condominium is just steps to the beach with unobstructed ocean views. Features include a spacious open floor plan with the living, dining and kitchen areas opening to an expansive lanai and grass area for seamless indoor/outdoor living. This unit is being sold furnished (with some exclusions). Makena Surf is a beautifully designed beachfront community situated on 15 acres.
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Vacation Condos Under $1M
Kihei Bay Surf 119
Kihei
$450K (FS)
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Welcome home to this cozy ground-floor Kihei Maui Studio. This slice of paradise has fully turnkey furnishings and all the amenities to make you feel right at home. The kitchen features a granite counter, black appliances, and light wood cabinets. The bath has a waterfall bamboo-style faucet, a fully tiled tub/shower, a granite counter, and wood cabinets.
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Kalama Terrace L-204
Kihei
$475K (FS)
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This charming 1 bedroom, 1 bath unit. This condo features a newer gas stove and refrigerator, along with granite counters in the kitchen and updated wood cabinets, tiled shower walls, and tiled floors throughout. Enjoy the view of the peaceful grounds from your covered lanai area. Unit comes fully furnished.
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Hololani A-502
Kahana
$899K (FS)
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Your private lanai offers front-row seats to whale watching season (December through April), making every moment truly priceless. This oceanfront building on West Maui is zoned Hotel-2 which allows legal vacation rentals. This 2 bedroom, 2 bath condo boasts approximately 1,108 sq.ft. of luxurious indoor/outdoor living space tastefully furnished including a covered lanai perfect for relaxation and entertaining.
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Maui Kamaole D-104
Kihei
$989K (FS)
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Discover paradise in this beautifully appointed 1 bedroom, 2 bath ground floor condo at Maui Kamaole. Enjoy serene garden views and a glimpse of the ocean from the lush green space in front of the unit. Relax on your private lanai or take a dip in one of the two resort style pools. An additional private lanai off the bedroom gets lovely morning sun.
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Residential Condos Over $1M
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Wailea Town Center C-204
Wailea
$2.54M (FS)
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Immerse yourself in sweeping ocean views from your bedroom, living room, and wrap around lanai. This 3 bedroom 3 bath residence spans over 1,900 sq. ft. featuring custom cabinetry, premium stone countertops, and Italian ceramic tile throughout. These timeless touches breathe life to the discerning tastes that led the Developer to choose C204's position as his own.
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Residential Condos Under $1M
Maui Lani Terraces G-108
Honokowai
$299K (FS)
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Easily accessible ground floor unit, with enclosed private lanai. Tile floors and various upgrades completed over the years. Parking stall #144 is located close to the unit. Vacant and ready to move in, with brand new refrigerator. Conveniently located in walking distance to Honokowai Beach Park, farmers market and several restaurants and shops.
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Iao Parkside 17-206
Wailuku
$435K (FS)
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This 1 bedroom 1 bathroom Unit. Great 1st home buyers opportunity or investor opportunity, located centrally in the heart of Maui. Pets allowed. Could be ready to move in with a little paint, and a few odd items Priced well below comps in area. Hurry, this unit will not last long with this price.
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Kalama Kai 109
Kihei
$629.5K (FS)
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Opportunity knocks in South Kihei with a ground floor, 3 bedroom 2 bath, end unit close to Cove and Kalama Park. Offered well below appraised value for a Maui County Residential Workforce Housing qualified buyer to live, work, play at Kalama Kai. Enjoy the ocean views and BBQ from the pool deck. High 9ft ceilings, crown molding, upgraded flooring, added kitchen cabinetry, and split ACs in every room are all included.
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 821 Auwaha Street Haiku
$785K (FS)
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1 Acre vacant land, building plans, building permit package. Everything's in place to start building your dream home. Water, Power, Architect Building Plans, Maui County Building Permit, Site Preparation for a 1,600 sqft custom home with 2 car garage. Located in a family oriented gated community in the heart of Haiku Town. Easy walk to shops, stores, and restaurants and cafes.
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The Smith Team
www.MauiSales.com
(808) 572-0866
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