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Market Update
As most of you are aware, tourism is the largest single source of private capital in Hawaii. According to the Hawaii Tourism Authority, tourism makes up $1.05 billion of the total state tax revenue in Hawaii.
As of October 2011, the percentage of visitor arrivals increased by 2.7 % from 2010. The largest number of visitors came from the US West with 41.2 %.
In Maui, the visitor arrivals were up by 3.8 % as of October 2011. This is not a significant increase, but in times of a slow economic recovery, it is nice to see that people are still traveling to Maui.
Here is a link to the full report brought to you by Title Guaranty Escrow and Hawaii Tourism Authority. Please allow a minute for this file to download.
Mahalo Nui Loa,
Greg, Melissa, Ken, and Jeremy
P.S. We were happy to support the Maui Oceanfront Marathon that was held this past Sunday. Ken woke up early in the morning to help pass out water at our aid station for Coldwell Banker Island Properties.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
 
Market Watch for January 23rd, 2011
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Active |
Pending |
Sold |
Change |
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Homes |
668 (271) |
223 (21) |
890 (116) |
+8 |
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Condos |
1016 (188) |
237 (13) |
1151 (95) |
+12 |
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Land |
495 (113) |
27 (5) |
128 (19) |
+4 |
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Total |
2179 (572) |
487 (39) |
2169 (230) |
+24 |
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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
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322 South Ulukoa Place
Ka'anapali
$2.495M (FS)
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Located at the end of a quiet cul-de-sac within the exclusive gated community known as the Ka'anapali Golf Estates, this property is located on the 9th hole of the Ka'anapali Royal Course. Year-round sunset views can be enjoyed from the spacious lanai or from the lap pool. This estate is spread across 4,451 sq. ft. of living area and offers 4 bedrooms and 4.5 bathrooms.
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Homes Under $1M
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6 Puukani Street
Kahului
$254.9K (FS)
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Bank Owned. This house and attached ohana is located close to everything. House will need some work inside but has great possibilities.
Customer Listing Synopsis
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1645 Kaiulani Place
Wailuku
$279K (FS) |
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Bank Owned. Views of the ocean and Haleakala from this centrally located Wailuku neighborhood.
Customer Listing Synopsis
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92 Makalani Place
Makawao
$290K (FS) |
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Bank Owned. Good location in Makawao just off of Makawao Ave. Open floor plan with a nice living room at the entry with a fireplace. Large lanai/deck out back perfect for enjoying upcountry evenings.
Customer Listing Synopsis
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237 Anamuli Street
Kahului
$378.3K (FS) |
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Short Sale. A 2 story home, located in one of the most sought after Legends at Maui Lani subdivision. Upgrades include central A/C & 120 gallon solar water heater.
Customer Listing Synopsis
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45 Laukahi Street
Kihei
$684K (FS)
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Bank Owned. Beautiful single story plantation style home in Moana Estates offering private suites, high ceilings, central air, GE Profile appliances, stucco exterior, and solar water heating. Located in a desirable South Maui neighborhood walking distance to the beach.
Customer Listing Synopsis
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Vacation Condo Over $1M
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Ho'olei F-6
Wailea
$2.695M (FS)
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Located on the top row of the Ho'olei, representing one of the highest elevations from the entire property. Situated directly across from the Four Seasons and Grand Wailea Hotel Resort and Spa, Ho'olei truly represents the best Wailea has to offer! With dramatic panoramic ocean views clear out to Molokini and Lanai, Ho'olei F-6 boasts 3076 sq. ft. of interior footage, making it one of the largest condominiums you'll find in the Wailea Resort.
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Vacation Condos Under $1M
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Ma'alaea Yacht Marina 304
Ma'alaea
$87K (LH)
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This is a well kept oceanfront unit with great views from Ma'alaea Harbor to Makena Point. Located on the 3rd floor there's good separation from the entry and pool / BBQ areas, but with easy access to both.
Customer Listing Synopsis
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International Colony Club 38
Ka'anapali
$284.9K (FS)
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Bank Owned. Great opportunity to own a 2 bedroom / 2 bath unit in Ka'anapali for an affordable price. Needs some TLC.
Customer Listing Synopsis
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Grand Champions #132
Wailea
$299K (FS)
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Short Sale. Great income potential & nice ocean views in this 1 bedroom, 2 bath condo at Grand Champions Villas.
Customer Listing Synopsis
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Sugar Beach Resort #501
Kihei
$349K (FS)
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Short Sale. Fully Furnished end unit with Nice ocean and mountain views. Great opportunity for the right Buyer to own a nice unit in a beautiful oceanfront complex at an affordable price.
Customer Listing Synopsis
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Residential Condos
85 Walaka Street #8
Kihei
$120.7K (FS) |
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Bank Owned. Large one bedroom one bath, nice kitchen, and close to Charley Young beach.
Customer Listing Synopsis
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Hawealani #101
Kihei
$495K (FS)
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Imagine living this close to one of Hawaii's most beautiful Sandy beaches! Iliili Rd. runs along the ocean, between Cove Park and Charlie Young Beach (Kam I Beachpark) in South Kihei. This is a beautiful 3 bdrm/2bath condo in a very well managed 4-unit complex.
Customer Listing Synopsis
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Hokulani Golf Villas #34
Kihei
$769K (FS)
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Great view, on the park The best of it all, single level living with the best in finishes and location. This brand new gated Hokulani Golf Villas Home offers all the benefits of a condominium but has the privacy of a single family home. Situated within the Elleair Golf Course on the majestic slopes of Haleakala, this 2 bedroom & den home has an incredible spacious plan with volume ceilings a huge lanai and 2 car garage.
Customer Listing Synopsis
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Vacant Land
25 Koani Loop
Wailuku
$149K (FS) |
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Bank Owned. Screaming deal on this bank owned vacant land listing in Waiolani Mauka a newer subdivision in Waikapu.
Customer Listing Synopsis
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