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Aloha
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In this newsletter:
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Private Luxury Estate
in Wailea
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Market Update
Through March, April and May of 2020 there was a serious decline both in the real estate market as well as Hawaii’s economy as a whole. While the COVID-19 pandemic isn’t behind us just yet, there are some strong indicators to suggest that the real estate market is remaining stable and recovering even more quickly than expected.
In the residential market, there have been 821 homes sold, and 237 sales still pending, which is down 11.6% from this same time in 2019. The condominium market has seen 1,011 closings this year with 217 sales still pending which is down 22.5% from this same time in 2019.
Where we have seen a huge uptick in new listings is in the condo market, and more specifically vacation condos. So far this year there have been 726 new condo listings with an average of 94 days on the market. For single family homes there have been 323 new listings also with an average of 94 days on the market.
Another indicator of recovery is the median sales price of both condos and single family homes which has actually risen significantly this year. For a single family home the median sales price is sitting at $785,000 versus $745,000 at this same time last year. The median sales price for a condo is $561,000 versus $518,000 at this same time in 2019.
Now that the state has once again opened, thanks to Hawaii’s Pre-travel Testing Program there has been a definite increase in interest for vacation condos. The Smith Team can speak from experience on this increase with almost daily inquiries being made about our 7 vacation condo listings currently on the market. Please reference the graph below courtesy of our friends at Fidelity National Title for a visual breakdown of the “v” shaped recovery the real estate market is currently in.
Mahalo Nui Loa,
Ken Smith R(S), Melissa Smith R(B), and Gregory P Smith R(B)
The Smith Team
P.S. The Surfing Goat Dairy in Kula is a beloved Upcountry attraction for tourists and Maui residents alike. Due to the COVID-19 pandemic they were forced to shut down amid both health and safety concerns and financial trouble. We are happy to say that after their “GOat Fund Me” event in which 50 of the 100 goats they have on the property were sold they now have the funds to reopen. The dairy on Omaopio Road will be open Wednesdays through Saturdays, 10am to 4pm.
P.P.S Thanks to everyone who responded to the survey last week! The winners are Wendy Armstrong and Neil Jasani! You will each receive a $50 gift certificate to Café O’ Lei Restaurant in Kihei.
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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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322 (231)
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237 (79)
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1011 (283)
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+0 |
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Condos
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726 (185)
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217 (34)
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1313 (232)
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-7 |
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Land
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262 (83)
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65 (15)
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174 (25)
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-1 |
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Total
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1310 (499)
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519 (128)
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2498 (540)
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-8 |
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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
 3442 Malina Pl
Maui Meadows
$1.75M (FS) |
One of the largest lots in Maui Meadows at just under one acre of lush, gentle sloping tropical land with a nice wading pool surrounded by lots of fruit trees including lilikoi, banana, mango, avocado, and papaya. The expansive 4 bed, 3.5 bath home features spacious, open hi-ceiling entertainment rooms with most having direct access to the large wrap around covered outdoor lanai.
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 305 Plantation Estates Dr
Kapalua
$4,695,000 (FS) |
Enjoy spectacular views from this contemporary residence overlooking the renowned Kapalua Plantation Championship Golf Course, out to the Pailolo Channel and over to the island of Molokai. A fabulous home that has 6 ocean view beds, 6 full baths and 3 half baths, living room and great room, study, and a gourmet kitchen with Viking appliances.
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6699 Makena Rd
Wailea
$6,699,000 (FS)
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A once in a lifetime opportunity to own in one of the most highly sought after locations on the island, a private gated enclave across the street from the golden sands of Big Beach, Makena! This 5 bed, 4.5 bath legacy property exemplifies the ideal union of modern amenities with the charming architectural character of a historic Plantation-style home.
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22 Wa'a Pl
Paia
$9,295,000 (FS)
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Enjoy your own gated privacy with the sounds of trade winds through mature Monkey Pod and Banyan trees and soothing water features on this impressive 1.25-acre estate. The beautiful 5 bed, 7 bath open floorplan of over 7000 sf, presents solid teak pocket doors which easily access the pool and the ocean.
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Homes Under $1M
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2170 Kahookele St
Wailuku
$488K (FS)
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This contractor/investors special is in a great location in the heart of Wailuku. It is in a quiet neighborhood very near to county and government offices, the courthouse, and the island’s largest shopping mall. There are 3 beds, and 1 bath. The home is in need of a complete renovation.
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729 Kekona Pl
Makawao
$675K (FS)
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A beautiful and newly remodeled 3 bed, 2 bath home on a quiet cul-de-sac in Makawao. Features a new kitchen, modern bathroom and a brand new roof! The big back yard has plenty of room for a garden. Great location, near all the schools and close to the historical Makawao town.
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5080 Hanawai St
Napili
$705K (FS)
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A detached 4 bed, 2 bath home that backs up to one of Napilihau parks which makes the backyard feel more spacious. The seller has made a lot of improvements and upgrades including fresh paint inside and outside, new windows and doors, new flooring, new kitchen cabinets and new corian countertops. They also replaced all the bathroom floors and fixtures.
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160 Hoano Pl
Kihei
$865K (FS)
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This 3 bed, 3 bath with a bonus room & 1 bed, 1 bath detached cottage has multiple possibilities for the creative buyer. The main house had a beautiful renovation 3 years ago with new exterior paint, and a new kitchen that begs for family & friends to gather in. Features include an executive oven, granite countertops, new stainless appliances, beautiful lighting and a large family room and new master bathroom that makes this a lovely place for one or all.
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Vacation Condos Over $1M
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Honua Kai - Konea #NR1026
Kaanapali
$1,575,000 (FS)
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Welcome To Konea 1026, a recently renovated 2 bed, 2 bath, 1285 sf. unit on the top floor of the Konea tower at the Honua Kai Resort. Enjoy stunning ocean & mountain views from your oversized lanai & relax in the privacy of being on the 10th floor Penthouse level.
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Wailea Elua I A #801
Wailea
$2.35M (FS)
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This spacious 2 bed, 2 bath condo has a beautiful ocean view , covered parking, plus a garage. It has had a beautiful renovation with classic granite and stone finishes and a large lanai. This is a gated oceanfront complex with 24/7 security, 2 pools, pickle ball court and direct access to one of Maui's favorite beaches.
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Wailea Point I II III #1902
Wailea
$2,995,000 (FS)
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The gorgeous, 3 bed, 4 bath, top quality interior was remodeled by acclaimed builder Pat McCarthy. The fabulous open, gourmet kitchen will be a much appreciated bonus. The main lanai, enclosed with Fleetwood aluminum & glass sliding doors increase the amount of interior area and allows the full ambiance of the South Maui indoor / outdoor experience when opened.
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Vacation Condos Under $1M
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Lauloa #407
Maalaea
$449K (Leasehold)
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Offered turnkey and fully furnished, this top story 2 bed, 2 bath oceanfront abode offers the ultimate flexibility. The kitchen was reconfigured into a modern layout, so you can watch the ocean right from your kitchen sink. Next an on-demand water heater was installed, luxury vinyl flooring throughout, stylish countertops, floating vanities, a large walk-in shower, comfortable plush beds, three zone Mitsubishi split AC system, and more.
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Kauhale Makai #433
Kihei
$613K (FS)
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An oceanfront, 2 bed, 2 bath condo with great ocean views and central A/C. Being sold updated and fully furnished. Enjoy fabulous complex amenities including 2 swimming pools, sauna, barbeque area, community laundry, volleyball, shuffleboard and more.
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Kihei Sands #B3
Kihei
$848K (FS)
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A rare opportunity to own a 2 bed, 2 bath unit on the beach at a great price! Kihei Sands is a special, intimate building (only 30 units) full of Aloha spirit which sits directly on one of Maui’s best beaches, Sugar Beach. There is a beautiful corridor view of the ocean from the lanai. The patio and lawn area sit just a few feet from the white sandy beach.
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Residential Condos Over $1M
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Hokulani Golf Villas #121
Kihei
$1.35M (FS)
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A tastefully updated unit, meticulously maintained, lightly occupied, and ready for you. 2177 Hihimanu in the Hokulani Golf Villas is the flexible 2 bed, 2 bath + office/den floorplan, offering the low maintenance lifestyle of a condo, while enjoying spacious, single family home living.
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Residential Condos Under $1M
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Kihei Villages IV #18-204
Kihei
$319,500 (FS)
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The 2 bed, 1.5 bath unit is nestled in the corner of building 18 which is not facing other units or the parking lot and if you're a morning riser, you can wake up to the sunrise over Haleakala. Unit 204 has ceramic tile floors in the kitchen, living room, hall and bathrooms. The bedrooms are designed with laminate flooring. A unique feature is the all house intake fan, which helps to keep the unit cool during hot days with the circulation of the A/C.
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Kihei Shores #A007
Kihei
$389,900 (FS)
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A highly coveted 2 bed, 2 bath South Kihei condo that has been graciously refreshed with new paint, new fixtures and new appliances. The ground floor corner location is another plus as it feels secluded from the rest of the complex noise. Only a short drive away from shopping, restaurants and unbelievable beaches.
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Milo Court at Kehalani #85
Wailuku
$629K (FS)
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Quiet & breezy, live your Maui dream in this peaceful planned development of Kehalani! The 3 bed, 2.5 bath home features new exterior paint, newer carpet and vinyl plank flooring, upgraded ceiling fans and garage shelving. Enjoy beautiful Haleakala mountain views.
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Villas at Kehalani #1003
Wailuku
$699K (FS)
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Nothing could be more relaxing than to wake up to a beautiful sunrise over Haleakala and slowly watch the blue Pacific dawn break over the ocean. This can be your reality from this luxurious 2 bed, 2.5 bath townhouse in the gated community of Villas at Kehalani located on the backside of the West Maui Mountains.
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650 S Alu Rd
Wailuku
$375K (FS)
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This is an exceptionally well priced vacant lot for sale in Wailuku Heights with beautiful ocean and mountain views. Great opportunity to design your perfect, custom dream home. Enjoy breathtaking views of the surrounding ocean, mountains, and Maui's central valley. As an added bonus, Wailuku Heights enjoys cooler temperatures because of the elevation.
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