Traveling to Hawaii is certainly not as easy as it used to be, but in a recent survey conducted by  the Hawaii Tourism Authority it was found that out of the 495 visitors that were surveyed 85% said their trip was excellent, and 94% said their trip either met or exceeded expectations. This is great to see, as it means that the number of tourists making the journey to Hawaii in 2021 should continue to rise.

While tourism numbers are not nearly what they were in 2019, the Pre-travel Testing Program allows anyone traveling to Hawaii to bypass the 10-day mandatory quarantine, which would make any vacation immensely more enjoyable. Out of the visitors that were surveyed, 79% said that their pre-travel testing experience went smoothly, and the protocols were clear. The remaining 21% reported various issues with pre-travel testing including difficulty finding a trusted testing partner, and not receiving their results within the specified window.

We will continue to look forward to a rise in tourism numbers as the local economy recovers from the COVID-19 pandemic. To look at the full report, follow this link.In an interview with The Maui News, the Chief Economist with the Department of Business, Economic Development and Tourism Eugene Tian stated that nearly 30% of the homes that were purchased in the better part of 2020 were purchased by out-of-state residents. Of those buyers 27.4% were from the mainland, and 1.4% were international. While this number seems high, out-of-state residents usually purchase nearly 50% of the available real estate on Maui.

The data is still being assembled for the demographic breakdown of these out-of-state buyers, as it is unclear whether most of those purchases were made by investors, or those seeking to move their principal residence to Hawaii now that most employees and business owners can work from home.

The three aspects of the current real estate market that appear to show no signs of slowing are low inventory levels, low interest rates on new mortgages and a climbing median sales price for both condos and single family homes. In December, the Realtors Association of Maui recorded the lowest inventory ever since they began keeping records in 2010. New construction is still very active on Maui, with several affordable housing projects as well as luxury condominium complexes set to be completed  between now and 2022.

To read the full interview The Maui News did with Eugene Tian click here.
 
Due to the spike in COVID-19 cases on Maui, Governor Ige gave Mayor Michael Victorino the authority to amend the current emergency rules. The new rules go into effect today. Here are the highlights.

- Retail occupancy is now limited to 30% to allow more room for social distancing.

- Bars and restaurants are now required to close at 10pm or earlier. Drive-throughs, non-liquor related takeout and room service are all exempt from this new rule.

In addition to pre-travel testing requirements for both inter-island and transpacific travelers, they are also now required to download either the AlohaSafe Alert app or another Google-Apple Exposure Notification System app. Travelers can also enable their exposure notification setting on their phone.

Face coverings must now be worn while walking to and from the beach or pool. They can only be removed once you are stationary and socially distanced from the people around you.

-Even if the venue is outdoors, a mask must be worn at gyms, yoga studios, and wellness centers.

While these rules mentioned  above are slightly different from rules that were already in place, it’s important to keep yourself informed on the latest developments coming out of the Mayor’s office.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Smith Team Real Estate - 2 Generations of Satisfied Customers - (808) 572-0866
About Maui Our Listings Property Search Rentals Blog Contact Us
 
Issue 996 April 5th, 2022
 
 

Aloha


In this newsletter:
Market Update
Market Watch
Homes Over $1 Million
Homes Under $1 Million
Vacation Condo Over $1M
Vacation Condos Under $1M
Residential Condos 
Vacant Land 


Bank Owned 
Homes (5)
Condos 
Land
New Properties 

Price Reductions  

Short Sales
Homes (1)

Condos 
Land
New Properties

Price Reductions
 

Luxury
Oceanfront


 featuire 

20 Kai Ala Drive
Kaanapali

$24.5M (FS)


March Statistics 
 

Our March statistics are now available from the Realtor Association of Maui. Some quick facts are that the number of closed sales of all properties have decreased by 23%, the median sales price has increased by 15.3% for all properties, and the number of homes for sale for all properties have decreased by a whopping 48.1%.
 
We definitely are in need of more inventory here on Maui for new listings decreased by 27.8% for single family homes and 7.7% for condominium homes. Inventory decreased 25.7% for single family homes and 60.3% for condominium homes.
 
The median sales price for single family homes increased by 19.5% to $1,177,500 and 27.6% to $820,000 for condominium sales.
 
The Kihei area took the number 1 spot for the most number of condos sold in March (68 units) and the Wailuku area had the most number of single family home sales in March (17 units).
 
Mortgage rates have been rising, making monthly payments higher compared to this time last year. Some would-be buyers have turned to the rental market only to see that the rental prices have skyrocketed as well.  
 

Mahalo Nui Loa,

Ken Smith R(S), Melissa Smith R(B), and Gregory P Smith R(B)

The Smith Team

 

P.S. Congratulations to Maui based singer-songwriter Kalani Pe'a for winning his 3rd Grammy!

P.S.S. Just a reminder that the Federal tax return deadline is April 18th and the State of Hawaii tax return deadline is April 20th this year.

Follow Us
facebook twitterlinked-round-flat   instagram-logo-icon-vector-29228004 (2)   
Market Watch
 
Active
Pending
Sold
Change
Homes
174 (151)
218 (129)
1341 (704)
+7
Condos
142 (77)
368 (171)
2310 (609)
-7
Land
102 (53)
 62 (13)
377 (114)
+3
Total
418 (281)
648 (313)
4028 (1427)
+3
 
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.

 

Homes Over $1M

1061 Ulele St
1061 Ulele Street
Makawao
$1.099M (FS)
This home is situated in an established neighborhood that truly resonates Upcountry Living. Trade winds, Views, large fenced yard and an extensive covered lanai are just some of the highlights you will find here. Conveniently near historic Makawao Town, minutes from dining, shopping and community activities.
225 Ohaoha Pl 2
225 Ohaoha Place
Makawao

$1.995M (FS)
The 2,291 sq ft, 4 bedroom, 3 bath custom built home sits on a scenic two acres with plenty of mature fruit trees, a rock-faced gulch to explore, and stunning views of sunrise over Haleakela and sunsets over the West Maui Mountains. A bright and airy open floor plan is the cornerstone of the home’s design.
 
 kau 
592 Kaupakalua Road
Haiku

$1.999M (FS)
This custom built executive home blends stately features and tropical paradise perfectly. From the copper rain gutters, to the Peggy Hopper stained glass entry door, there are unique features throughout this Stephen Pitt designed European style villa.

 
126 PONANA
126 Ponana Street
Kihei

$2.2M (FS)
Some of the finest beaches in the world are just a short stroll from this elegant single level home. Outdoor area is perfect for entertaining, play at the swimming pool, relax in a hammock at the covered patio or soak at the hot tub under bright Hawaii stars. Maui life at its best.

Homes Under $1M

jg
183 Olu Drive
Wailuku
$450K (FS)

This 3 bedroom and 1 bath connected to a spacious living room. One block to Wailuku Coffee Company, Four Sisters Bakery, and County Buildings. Land Includes enough room for 3 car parking with a single car covered car port and garden area. This home is move in ready.

Customer Listing Synopsis

dlfg
704 Kauhikoa Road
Haiku

$695K (FS)
Property is spectacular with 2.55 acres in a beautiful area of Haiku. Value is in the land and water meter. There will be no showings in the property and it is a drive by only, due to uncooperative tenant.

Customer Listing Synopsis
DJ (2)
1155 Freitas Place
Makawao
$915K (FS)
A wonderful three bedroom, one bath home. Many options for additional living space. Large sized lot with mature fruit trees. This is a must see as its uniqueness offers many possibilities.
 

Vacation Condos Over $1M

mshs
Mahana 304
Honokawai

$1.249M (FS)
Monster windows enhancing outer island views, rainbows, seasonal whale watching, & star gazing. Positioned on the 3rd floor, unit 304, is on the north end of the resort. Amenities include: front desk, concierge, oceanfront pool, shuffle board, lobby, tennis courts & beach walk several miles down to Lahaina.
 
 
ja
Menehune Shores 204
Kihei

$1.29M (FS)

Remodeled two bedroom two bath active vacation rental condo in Menehune Shores. Due to its close proximity to beautiful beaches, restaurants, shopping centers, this condo is very popular among many repeat vacationers.

Customer Listing Synopsis

ekahi
Wailea Ekahi 33-B
Wailea

$1.785M (FS)
You're going to experience this elegantly appointed ground floor unit located in the highly sought-after Wailea Ekahi neighborhood which is known for having some of the most successful vacation rental properties. The amenities include a fully equipped kitchen, furniture throughout, and lovely window coverings.
 
jer
Wailea Ekolu 1510
Wailea

$2.295M (FS)
Newly remodeled interiors and the highest level of fit and finish in all of Wailea Ekolu. Surrounded by elegance at every corner, this 1,071 sf condominium offers 2 bedrooms, 2 bathrooms, an expansive private lanai and unrivaled access to all of Wailea Ekolu’s resort like amenities.
 

Vacation Condos Under $1M

ty
Waipuilani 303
Kihei

$530K (FS)
This one bedroom, condo sits on the third floor, allowing the ocean breeze to flow freely through the floor-to-ceiling windows lining the main living space. The main living space and kitchen are adjoined, giving it an additional spacious feel. Just outside is a great lanai to enjoy the Maui mornings and nights.
 

 
kk
Kihei Bay Vista B-101
Kihei

$600K (FS)

This cozy and well-equipped 1 bedroom, 1 bath unit is located in the "B" building at Kihei Bay Vista. This condo has three steps to the first floor. It is a perfect Maui getaway with tile floors, sunny windows, and a large private lanai that greets you when you enter this homey space. 

Customer Listing Synopsis
 

Ev
Kihei Akahi D-112
Kihei

$730K (FS)
Beautifully remodeled l bedroom, 1 bath Kihei Akahi in the preferred D Building. Granite counters, stainless appliances and walk in shower. Is a successful turnkey vacation condo with tasteful decor and in movein ready condition. Relax on the covered lanai and enjoy the lush tropical landscaping.
 
jad
Kamaole Sands 8203
Kihei

$775K (FS)

This beautifully updated unit includes tile flooring throughout, custom tiled walk in showers and updated furnishings throughout. This unit is sure to impress and will move fast. 

Customer Listing Synopsis

beaa
Maui Sunsets B-309
Kihei

$799K (FS)
The unit was fully remodeled in 2005 with all new appliances. There are two air conditioners. The flooring is tiled throughout. Unit is ready to be rented to vacationers or to enjoy it yourself at your convenience. 
 

Residential Condos Over $1M

hask
Kahoma Village 13
Lahaina
$1.45M (FS)
West Maui Mountains to your east and the Pacific Ocean to your west, nightly sunsets await. This stand alone residential condo has it all. Location, split ACs, 2 car garage, luxury vinyl flooring, upgraded stainless appliances, granite, pet friendly, low maintenance fees, back yard oasis with two outdoor showers, and more.
Masters 1103
Kaanapali 
$1.795M (FS)

You will love the spacious, bright interior with a wall of wide glass sliders to bring the outdoors in. Step thru the sliders and enjoy the extra large covered lanai, surrounded by green lawns, great for dining, entertaining or just relaxing to beautiful sunsets and ocean and island views.

Customer Listing Synopsis

 

Residential Condos Under $1M

 love 
Puuone Hale Alii 310
Wailuku

$325K (FS)
This 3rd floor unit has great ocean and mountain views. Washer and dryer in unit. Nice stainless steel countertops, whirlpool refrigerator and dishwasher. Conveniently located in Wailuku.
 
Iao Parkside 106
Wailuku

$589K (FS)

A rare 3 bedroom 2 bath ground floor unit, which the sellers have loved since 2005. The sellers made several wonderful upgrades, which include fresh paint, an enclosed back porch, kitchen counters and floating shelves, kitchen appliances, vinyl flooring, a lovely back yard with lawn, stepping stones, tropical plantings, and a bar for entertaining. 

Customer Listing Synopsis

kamalani
Flats at Kamalani 1405
Kihei

$660K (FS)
This Beautiful, clean, bright, eco-friendly 3 bedroom 2 bathroom Kamalani home with one of the largest floor plans within the complex is less than half mile from the soft, gorgeous 6 mile stretch of sand at Sugar Beach. Enjoy one of Maui's best spots for snorkeling, kayaking, paddle boarding and other water sports.
 
 
Vacant Land
 
1353 Old Waikapu Road 
Waikapu
$412K (FS)

On a quiet and tranquil street, nestled above Waikapu, this level lot with its beautiful West Maui Mountain views awaits your Maui dream home. Just 5 minutes from Wailuku amenities, including schools, shopping, government offices and health care facilities, it is convenience coupled with serenity. 

Customer Listing Synopsis

 
The Smith Team
www.MauiSales.com
(808) 572-0866
 
facebook    twitter    linked-round-flat    instagram-logo-icon-vector-29228004 (2)  



Click to view this email in a browser

If you no longer wish to receive these emails, please reply to this message with "Unsubscribe" in the subject line or simply click on the following link: Unsubscribe

Coldwell Banker Island Properties
#B-35 3750 Wailea Alanui Drive
Wailea, Hawaii 96753
US

Read the VerticalResponse marketing policy.

Try Email Marketing with VerticalResponse!