Aloha
In this newsletter:
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Maui’s Surfing Goat Dairy
3651 Omaopio Road
Kula
$5.9M (FS)
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Confused About the Real Estate Market
Are you wondering what is happening with the Real Estate market? It seems as if that is the question being asked by a lot of people. Will prices go up, down, or stay the same? Should I wait to buy until prices and or interest rates fall? Is it a good time to sell?
Of course, no one knows for certain what will happen. We can tell you that inventories on Maui for homes, condos and land remain fairly tight even though we’ve seen increases in the number of active listings in homes of about 40% for the last 6 months while condos listings have increased by only 20%.
In spite of a rather large increase in the number of listings, they still remain historically low, and what is more telling is that the ratio of sales to listings is quite high especially for condos. In the last year, there have been 1811 condos sold and currently the number of Active listings sits at only 177.
There is no doubt that we’ve seen a slowing trend lately on Maui in sales, but, at least for the time being, prices have held fairly steady.
Although markets vary depending on location, this article courtesy of CNBC News gives some great insights into the market overall in the U.S. We highly recommend you read it and then let us know your thoughts.
Have a great week.
Mahalo Nui Loa,
Ken Smith R(S), Melissa Smith R(B), Gregory Smith R(B) and Rachel Smith Kofron R(S)
The Smith Team
P.S.Median price of a home on Maui dips below $1 Million for the first time this year. Read more.
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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249 (211)
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143 (76)
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1187 (669)
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-4 |
Condos
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177 (83)
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245 (135)
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1811(559)
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-8 |
Land
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113 (55)
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35 (9)
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264 (89)
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+1 |
Total
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539 (349)
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423 (220)
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3262 (1317)
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-11 |
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
Homes Under $1M
Vacation Condos Over $1M
Maui Kai 904
Kaanapali
$1M (FS)
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As you enter, you are greeted by a spectacular Ocean and Island views that makes you feel as if you were on a private cruise ship and offers amazing privacy. The kitchen upgrades include stainless appliances and granite countertops with a generous back splash. The bathroom ceiling was updated as well.
Customer Listing Synopsis
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Polynesian Shores 218
Honokawai
$1.050M (FS)
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Beautifully remodeled condo with ocean views. This spacious 2 bedroom 2 bath loft style unit on West Maui is perfect for a vacation condo or a second home. This unit was recently remodeled from top to bottom. All new kitchen and bathroom cabinets and counter tops.
Customer Listing Synopsis
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Palms at Wailea 1502
Wailea
$1.555M (FS) |
Beautiful ocean views from the living room, bedroom and the lanai. Perfect for enjoying sunsets all year round and watching whales in the winter. Unit faces onto the expansive interior garden creating a peaceful surrounding. Recently installed ceiling mounted split system a/c keep the unit cool and comfortable.
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Kapalua Golf Villas 25 P3-4
Kapalua
$1.75M (FS) |
Upgraded 2 bedroom 2 bathroom Kapalua Golf Villa is located in Building 25, which is located on the top row of the Golf Villas. This ground floor location is right behind the 5th hole tee box of the Kapalua Bay Golf Course. The Seller has recently renovated the home, both interior and exterior. The villa has fabulous views of the golf course and the ocean. Close to great beaches, wonderful restaurants and world class golf courses.
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Vacation Condos Under $1M
Hono Kai A-4
Maalaea
$565K (FS) |
The Maui Ocean Center, whale watches, dinner cruises and some great restaurants are at the other end of the street. Hono Kai itself is an ocean front complex that features an ocean side bbq area and swimming pool. It is landscaped with some beautiful flowers and fauna complete with bananas, guavas and papayas.
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Kanai A Nalu 420
Maalaea
$650K (LH)
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This top floor, oceanfront end unit is perfect for year round living or as an investment property. Bring your clothes and toothbrush! Everything has been done and is being sold furnished with the exception of a few art pieces. The unit has been upgraded from floor to ceiling.
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Kihei Sands B-2
Kihei
$875K (FS)
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This unit is a two bedroom two bath second floor unit in the complex and has a peek a boo ocean view. The unit is nicely upgraded, has three split AC units and is a turnkey vacation rental. This small boutique complex is a hidden gem. 29 units total that all share the amenities of the ocean front pool and barbeque area.
Customer Listing Synopsis
Video/Virtual Tour
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Island Sands 105
Maalaea
$895K (FS) |
A 2 bedroom 2 bath lock-out floor plan unit with separate entrances and is perfectly located on the ground floor with easy access to the pool. Conveniently located near the Maalaea small boat harbor with shops, restaurants and all of the Ocean activities that Maui has to offer. Easy access to both the Westside, South shore and town make this a spectacular opportunity.
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Residential Condos Over $1M
Wailea Palms 2706
Wailea
$1.925M (FS)
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Stunning Molokini and Kahoolawe Island and ocean views from this extremely private two-bedroom residence. The home has all new stainless-steel appliances, fresh paint, new carpet and blinds plus a split system A/C. Wailea Palms is an elegant, gated community that features one of Maui’s most popular pool amenity areas.
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1659 Lokia Street
Lahaina
$2.1M (FS)
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Gorgeous 3 bedroom, 4 bath, 3,069 sq. ft. single family home with a beautiful pool and a big ocean view in the neighborhood of Wahikuli in West Maui. Here you’ll find yourself gazing at panoramic ocean views and amazing sunsets. The lower level has an additional bedroom, bathroom, laundry area and office room. Solar panels are owned and net metered.
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Residential Condos Under $1M
Iao Parkside 44-106
Wailuku
$450K (FS)
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A well maintained and fully renovated gorgeous ground floor, one bedroom, one bath condo. This lovely home has a beautifully landscaped fenced-in yard. The interior has an open-concept floor plan with granite countertops, stainless appliances, and a newly remodeled bathroom with floor to ceiling marble shower walls & floor tile.
Customer Listing Synopsis
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Maui Lani Terraces C-304
Honokowai
$474.9K (FS)
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The unit is on the third floor with panoramic 180 degree ocean views of Lanai and Molokai. Watch the whales breaching from your lanai. Updated with granite counters, stainless appliances, track lighting, tile floors, and tile shower.
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Kihei Villages 3-203
Kihei
$535K (FS)
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Perfectly renovated top-floor unit with a nice view of the West Maui Mountains and a peek-a-boo ocean view from your private lanai. Sunsets are must-see. Enjoy new vinyl flooring throughout, new fixtures, appliances, and an open concept floor plan that is ideal for entertaining.
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Hoolea Terraces at Kehalani 2004
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This end unit feels like a single family home with no one living above you, a private entrance, and secluded covered lanai. This is a very desirable ground floor unit without any stairs and clear pathways to and from the unit. This ideal floor plan features a great master suite with an open concept living area.
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Kai Makani J-101
Kihei
$899K (FS)
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A residential-style condo complex nestled on a lusciously landscaped 10-acre piece of Maui Paradise. This two-bedroom, corner unit, has been meticulously maintained by the original owner. Enjoy the cool tropical breezes as you sit outside on the covered lanai, not to mention the heated saline pool, fitness center, and BBQ area.
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Vacant Land
221 Kaualani Drive
Pukalani
$449K (FS)
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Perfectly nestled on a corner lot in the heart of Pukalani awaits an amazing opportunity to build. This flat, level lot in a golf community with no HOA offers a blank canvas for a savvy buyer. Build up and take advantage of the views or perhaps a tiny home is more your style, the possibilities are endless.
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O Pulehuiki Road
Kula
$1.25M (FS)
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This property is fully fenced and has many options for use. Lot is mostly level with tiny a tiny home included with the sale. Live in the tiny home while building your dream home with views of the ocean and sunset views most of the year.
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