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Aloha Valued Subscriber
Market Update
The State Department of Business, Economic Development and Tourism released data earlier this week that 45% of homes sold on Maui last year were to mainland or foreign buyers. Of the 2,576 homes sold in 2016 buyers from the mainland purchased 1,077 and foreigners purchased 71 homes.
The data shows that of all the Hawaiian Islands Maui had the highest percentage of mainland and foreign buyers last year. On Oahu 19% of buyers were from the U.S. mainland and on both Kauai and The Big Island 37% were from the mainland.
State Economist, Eugene Tian says, "Out-of-state investments make our housing demand very strong." Non-residents purchasing up a large portion of available housing has long been an issue here. Many people love Maui and want to be here.
Have a wonderful week,
Lindsey for The Smith Team
Ken, Melissa, Greg and Lindsey
P.S. - While Maui was certainly not the best place in the country to view yesterday's solar eclipse a partial eclipse was visible shortly after 7 AM yesterday morning.
Melissa Smith R (B), Ken Smith R (S), Gregory Smith R (B), Lindsey Taylor R (S)
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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536 (299)
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265 (46)
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1098 (250)
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+18 |
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Condos
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661 (191)
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285 (35)
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1358 (175)
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-3 |
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Land
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337 (126)
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41 (8)
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211 (18)
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-1 |
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Total
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1534 (616)
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591 (89)
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2667 (443)
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+14 |
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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
10 Hui Kelu Way
Wailuku
$1.195M (FS) |
This is a very finely crafted, single level, 1846 sq ft 3 bed, 2.5 bath main residence with a second level, 522 sq ft 1 bed, 1 bath, ocean view, ohana, located in revered Kamaole Heights. Upon entering through the custom African Sapele Mahogany and leaded glass doors you find the large great room with its peaked ceilings and a wall of sliding glass doors that open to the covered 384 sq ft covered lanai.
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1581 Halama Street
Kihei
$1.2999M (FS) |
This 4 bed, 2.5 bath Halama Street home has a spectacular remodel throughout, everything is new, kitchen, baths, flooring, stairway not to mention it was completely painted inside and out. The 1 bed, 1 bath cottage, also remodeled, is icing on the cake with the ability to produce revenue.
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 45 Hale Hookipa Way
Wailea
$1.9M (FS) |
You will love the spacious, airy rooms that comprise this signature 4 bed, 4 bath home, with lots of natural light, towering ceilings and skylights. Everything about this home is larger-than-life, from the gracious living room with spacious lanais on three sides to the immense master suite overlooking the expansive pool deck and large, deep tiled pool.
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55 Kai Place
Spreckelsville
$2.25M (FS) |
The Perfect 3 bed, 2 bath Beach House. Rare and highly desired Kuau oceanside location. Stunning views of ocean, coast, Haleakala, city lights and Molokai Masterfully designed, Exotic Materials, Superior craftsmanship. Ultimate Indoor Outdoor Lifestyle. 35 feet of disappearing custom wood and glass doors. Saltwater solar heated pool with waterfalls.
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Homes Under $1M
554 Akolea
Wailuku
$629.5K (FS) |
This charming 2-story home located at the foothills of the West Maui Mountains in the Kaimana at Kehalani subdivision is convenient to schools, shopping and medical facilities. Nicely maintained with beautiful brand new vinyl plank flooring, tiled kitchen and baths, colored accent walls and 4-split air conditioners.
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2616 Mikoi Place
Kihei
$689.9K (FS) |
This 3 bed, 2-bath home located on a quiet cul-de-sac offers great ocean views from a large covered lanai. All bedrooms are on a single approximately 1,488 sq ft level with an additional approximately 570 sq ft of enclosed space below the rear lanai/deck.
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1606 South Kihei Road
Kihei
$779K (FS) |
The perfect property for if you need space. Large floor plan in the main house allows for many possibilities. The cottage is very private from the rest of the property. Currently tenant occupied and this property has a nice cash flow every month. Total rental income is currently $6,550 gross per month.
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55 Poinciana Road
Lahaina
$809K (FS) |
This Kahana Ridge ocean view home features a large open concept kitchen, tile and wood laminate flooring in the main living areas, vaulted ceilings, central AC and a large enclosed deck with excellent ocean and Molokai island views. A family room, two additional bedrooms and a full bath round out the ground floor.
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2811 Kokomo Road
Haiku
$899K (FS) |
Haiku living at it’s finest. Remodeled home and detached ohana located near the top of Kokomo Rd. Great income producing property or multigenerational family compound. All flat and useable land, with an abundance of mature fruit bearing trees throughout. This plantation-style estate is positioned well back from both Kokomo and Kaupakalua Roads.
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Vacation Condos Over $1M
Papakea Resort #F-405
Honokowai
$1.2M (FS) |
Highly rare Oceanfront 2 bedroom plus loft with additional 3rd bathroom in loft. Another rarity: Oceanfront master bedroom that looks out to Molokai & Lanai. Sunsets forever. Split A/C if it ever gets too hot. The 4th floor location offers vaulted, high beam ceilings more like a home.
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Puamana #111-2
Lahaina
$1.59M (FS) |
Puamana 111-2 Brings the new into the equation with modern construction from the ground up in 2010. Thoughtfully planned and executed with a clean, updated kitchen, bathrooms with fantastic finishes, sturdy yet beautiful flooring as well as all new windows with higher efficiencies. A welcoming floor plan was created, offering the ocean view first floor with a sense of place for entertaining as well as relaxation moments in mind.
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Wailea Point #2303
Wailea
$2.225M (FS) |
This 2 bed, 2 bath Wailea Point Condo 2303 comes complete with the Pacific Blue Ocean beckoning for your attention. This unit is the epitome of seamless indoor/outdoor living. First floor single level living (no stairs!) plan eases you into the verdant green tropical grounds with gorgeous exotic flowers and sweet scent of Hawaii.
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Vacation Condos Under $1M
Kihei Kai Nani #142
Kihei
$365K (FS) |
Completely updated and renovated 1 bed, 1 bath unit at Kihei Kai Nani. New stainless steel appliances were installed in the kitchen earlier this year. There is air conditioning in both the living room and bedroom. New flooring was installed in 2015 and new furniture was added in 2016. Unit #142 is located across from the pool and has a private lanai overlooking the garden area.
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Maui Parkshore #110
Kihei
$460K (FS) |
2 bed, 2 bath vacation rentable condo directly across the street from popular Kamaole III Beach Park. Fantastic ground floor location. Relaxing pool and BBQ area just steps from your unit. Shopping, dining and amenities nearby. Over $10,000 in recently installed bamboo flooring in the main living area, tile flooring in the kitchen and window coverings throughout. Totally furnished and turnkey! All of this and a partial ocean view.
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Luana Kai #C-210
Kihei$475K (FS)
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This is a quiet and serene 2 bed, 2 bath ocean view unit at Luana Kai Resort in North Kihei. This floor plan features a large double lanai, master bedroom upfront, and ideal single level living. Full size washer and dryer located in the unit. Views overlook the interior courtyard. Enjoy the wonderful outdoor pool, spa tub, sauna, and gas barbeque area.
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Sugar Beach Resort #PH-34
Kihei
$669K (FS) |
Remodeled in 2016, Stunning beachfront direct ocean view from this wonderful Penthouse. Watch whales frolic in the winter months and enjoy catamarans cruising and stunning sunsets during the balmy summer months. Walk for miles along shimmering white sandy beach with warm ocean waters lapping at the shore.
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Hale Hui Kai #206
Kihei
$998K (FS) |
A 2 bed, 2 bath vacation rental condo on Keawakapu Beach, one of the most sought after locations in all of Maui. This spacious unit is situated within steps to the most amazing beaches and restaurant's. Flanked by million dollar homes and across the street from Wailea this Hale Hui Kai condo is a great opportunity to own right on the beach and have someone help to offset you ownership.
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Residential Condos
Kihei Shores #H-105
Kihei
$360K (FS) |
Very clean 2 Bed, 2 bath ground floor unit at Kihei Shores. Steps to the ocean and centrally located and close to Wailea and all Kihei shops, restaurants and bars. No stair cases to climb. Direct entry from parking lot. Currently rented for $2500/month.
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Villas at Kahana Ridge #611
Kahana
$399K (FS) |
Rare ground floor corner 2 bed, 2 bath unit in the wonderfully located Villas at Kahana Ridge. Unit 611 is nestled into one of the most private and quiet sections of Villas at Kahana Ridge with a grassy lawn area just out your front door. Lots of natural light make this a great ground floor unit.
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Kehalani Gardens #1705
Wailuku
$429K (FS) |
Centrally located, Kehalani Gardens offers spacious 3 bed, 2.5 bath townhome living. This condo home features brand new appliances. Master bath also features travertine. Newly painted, inside and out. You'll enjoy the large, low maintenance private lanai, which is fully fenced and boasts mountain views.
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Vintage at Kaanapali #57
Kaanapali
$1.189M (FS) |
Lovely Island and Ocean views from this free standing 3 bed, 2.5 bath residential condominium located in the prestigious gated community known as the Vintage. Comfortable spacious open concept living, rich dark wood laminate flooring enhances great room. Well maintained home. Private cul-de-sac location with protected green space, for additional privacy and enjoyment.
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Vacant Land
0 Hanauana Street
Haiku
$399K (FS) |
Do you love Hana but hate the drive? Welcome to Kailua Country Estates. Maui’s premier North Shore Enclave. A gated community with spectacular ocean vistas and mountain streams. Just 25 minutes to Mama’s Fish House for cocktails.
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1233 Kauhikoa Road
Haiku
$450K (FS) |
Two beautiful acres off of Kauhikoa Road in Haiku with an installed water meter. Land backs up to the gulch for privacy. With quality homes and sought after properties in the area (Upper Hogback road across the gulch & Eono Place close by) this is a great location in Haiku.
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