Aloha
In this newsletter:
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Luxury
Oceanfront
20 Kai Ala Drive
Kaanapali
$24.5M (FS)
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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.
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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174 (151)
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218 (129)
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1341 (704)
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+7 |
Condos
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142 (77)
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368 (171)
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2310 (609)
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-7 |
Land
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102 (53)
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62 (13)
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377 (114)
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+3 |
Total
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418 (281)
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648 (313)
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4028 (1427)
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+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.
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Homes Over $1M
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.
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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.
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592 Kaupakalua Road
Haiku
$1.999M (FS)
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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.
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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.
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Homes Under $1M
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
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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 |
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.
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Vacation Condos Over $1M
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.
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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
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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.
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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.
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Vacation Condos Under $1M
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.
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Kihei Bay Vista B-101
Kihei
$600K (FS)
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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
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Kihei Akahi D-112
Kihei
$730K (FS)
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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.
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Kamaole Sands 8203
Kihei
$775K (FS)
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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
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Maui Sunsets B-309
Kihei
$799K (FS)
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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.
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Residential Condos Over $1M
Kahoma Village 13
Lahaina
$1.45M (FS)
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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.
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Masters 1103
Kaanapali
$1.795M (FS)
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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
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Residential Condos Under $1M
Puuone Hale Alii 310
Wailuku
$325K (FS)
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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.
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Iao Parkside 106
Wailuku
$589K (FS)
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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
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Flats at Kamalani 1405
Kihei
$660K (FS)
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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.
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1353 Old Waikapu Road
Waikapu
$412K (FS)
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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
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