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Aloha
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In this newsletter:
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Ocean Bliss Maui
4406 Makena Road
Makena
$15.75M (FS)
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July Market Report 2024
The Maui real estate market continued to be sluggish in July as total sales and median prices dropped while days on market and properties listed for sale increased. This combination continues to favor buyers; however, properties that are priced appropriately and present well continue to sell quickly and for above list price.
SINGLE-FAMILY HOME TRANSACTIONS
Year over year, the median sales price for single-family home is up 4%, with Upcountry leading the way with double-digit gains in appreciation. Even though inventory has ticked up, buyers continue to demonstrate restraint, especially in the higher ends of the martket.
CONDOMINIUM TRANSACTIONS
In July, the Maui Planning Commission voted 5-0 to phase out nearly 7,000 short-term rentals on the Minatoya List. The bill now heads to the Maui County Council for vote. If passed, the earliest the law will take effect is July 1, 2025.Until a final decision is made, there will be continued volatilily in Maui's condo market, especially for complexes that would be impacted by the new law.
Mahalo Nui Loa,
Ken Smith R(S), Melissa Smith R(B), Gregory Smith R(B)
The Smith Team
P.S. More news on Proposed Short Term Rental ban on Minatoya condos. Bottom line, it is not at all popular with the overwhelming majority of people in Hawaii.
The first anniversary of the Lahaina and Kula wildfires is a poignant moment for reflection and remembrance. These fires, which occurred in August 2023, left a deep impact on the communities in Maui, Hawaii. The Lahaina fire was particularly devastating, destroying much of the historic town and leading to significant loss of life and property. The Kula fire also caused extensive damage, affecting both homes and farmland.
On this anniversary, it's a time to honor those who were affected by the fires, remember those who lost their lives, and acknowledge the strength and resilience of the survivors. It's also an opportunity to reflect on the recovery and rebuilding efforts that have been underway over the past year, and to continue supporting the community as they move forward.
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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342 (300)
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125 (100)
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741 (524)
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+4 |
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Condos
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716 (317)
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83 (37)
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918 (369)
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-3 |
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Land
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174 (77)
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30 (7)
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187 (78)
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-4 |
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Total
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1232 (694)
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238 (144)
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1846 (971)
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-3 |
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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 the number of active listings from the previous week.
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Homes Over $1M
102 Moolu Circle
Wailuku
$1.65M (FS) |
Beautiful home nestled at the top of Waiolani Mauka with spectacular views from coast to coast from both the downstairs and upstairs and most bedrooms. Open concept with well-appointed kitchen cabinets, granite counter-tops, lots of storage, large inside laundry room, home has split a/c including in the Ohana.
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1330 Kauhikoa Road
Haiku
$2M (FS) |
A Saarinen designed Lindal Cedar pole home, peacefully tucked away behind two magnificent Banyon Trees on 2.6 lush acres with stunning views and a custom, inground pool. The upstairs 3/2 main living area sings with soaring, wood lined ceilings, screened porch and wraparound deck.
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77 Ohaoha Place
Haliimaile
$3.295M (FS) |
Fabulous bi-coastal ocean views from this custom designed single level home, situated on 2 acres of gently sloping terrain. This exquisite residence is located in the gated community of Maunaolu Plantation halfway between charming towns of Paia and Makawao. Dining, shopping, and the most beautiful beaches are just minutes away.
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3911 Maalaea Bay Place
Maalaea
$3.499M (FS) |
Indulge in the ultimate island escape where luxury meets tranquility in a breathtaking tropical setting. Imagine relaxing on the property’s multiple terraced lawns, enjoying your morning coffee, listening to the gentle waves, watching the turtles and seasonal whales play as boats cruise.
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300 Mahana Ridge Street
Kapalua
$7.8M (FS) |
Sitting on 1.29 acres of prime ocean-view land, 300 Mahana Ridge is a 3,156 sq. ft. 4 bedroom, 4.5 bath home designed around the spellbinding setting above Kapalua. A truly spectacular home boasting luxurious features and amenities, million-dollar views abound from the property.
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Homes Under $1M
8085 Hana Highway
Haiku
$849.9K (FS) |
This home is fully remodeled along with the Ohana home on the property. All new windows, doors, LVP flooring, 3 tone paint, exterior paint, new fixtures and new kitchen and bathrooms. It is quite private, green and beautiful. The extra home is a bonus as a rental or family unit. The home is vacant and move in ready.
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233 C Momi Place
Wailuku
$899K (FS) |
Bright and airy 3 bedroom 2 bath Wailuku home fully upgraded from top to bottom: New roof, new floors, new kitchen, new baths, new paint, and even new gravel in the yard for low maintenance. The primary bedroom has an exterior entrance with a large en suite bedroom and access to the laundry room. Must see to appreciate.
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147 South Papa Avenue
Kahului
$950K (FS) |
Great opportunity to own this single-level home located in the heart of Kahului. With 4 bedrooms and 2 baths, this is a perfect home for multifamily living or larger families. The flexible floor plan has 3 bedrooms in the front of the house with mother-in-law quarters located in the back of the house with it's own separate entrance.
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Vacation Condos Over $1M
Wailea Ekahi 3-D
Wailea
$1.075M (FS)
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This charming unit boasts high vaulted ceilings and a lanai surrounded by lush greenery, including plumeria flowers, hibiscus, and palm trees creating a peaceful ambiance. The surrounding greenery of this unit really embraces the feeling of privacy with no onlookers able to view inside. Wake up to breathtaking views of Haleakala and the vibrant Maui sunrise right from your lanai with no road noise.
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Kamaole One 10
Kihei
$1.65M (FS)
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This unit has been a popular vacation rental for many years. Kamaole One, a boutique building with only 12 units total, comes with covered parking. Watch the whales and colorful sunsets right from the lanai. All furnishings, artwork, linens, kitchen supplies, beach chairs and other beach supplies are included.
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Wailea Ekolu 104
Wailea
$1.895M (FS)
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Your front row location with unobstructed views. Furnished, 2nd floor, 2 bedroom, 2 bath condominium with sweeping voluminous vaulted ceilings; inside the world famous Wailea Resort. Stroll the scenic, sun-drenched shorelines of Ulua, Mokapu and Keawekapu beaches past world class hotels, restaurants, shops and golden sand beaches.
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Mana Kai 302
Kihei
$2.199M (FS)
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This stunning 2 bedroom, 2 bathroom condo offers some of the finest ocean views of Keawakapu Beach. The unit features a unique hotel lockoff for the second bedroom, providing the flexibility to use the the property as a 2 bedroom, 2 bathroom suite or a 1 bedroom with a full kitchen and a separate hotel suite. This unit has been lightly used and meticulously maintained.
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Vacation Condos Under $1M
Kamaole Sands 7-204
Kihei
$725K (FS) |
A gorgeous garden view, located away from the roads and parking lots, so you just enjoy beautiful views and peace and quiet. The kitchen and both baths are upgraded with solid wood cabinets and granite countertops, and the beautiful wood laminate floors throughout are an amazing touch- soft to the feet and easy to keep clean.
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Maui Vista 3402
Kihei
$875K (FS) |
Enjoy numerous pools, tennis & BBQ facilities, and ample parking to meet the needs of all owners. Unit 3402 is an upgraded ocean and outer island view 2 bedroom 2 bath unit. It affords views of Molokini Crater & the Island of Kaho'olawe. There are ceramic tile floors from the front entry & throughout the entire space, including extending onto the exterior ocean view lanai.
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Kamaole Sands 10-103
Kihei
$950K (FS) |
This 1 bedroom, 2 bathroom ground-floor vacation rental condominium located in one of the most desirable locations in the complex. Residence 10-103 boasts the largest covered lanai Kamaole Sands has to offer. Oriented Northwest, this property takes full advantage of year-round sunsets, sun exposure, and West Maui Mountain views.
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Residential Condos Over $1M
Villas at Kehalani 2701
Wailuku
$1.184M (FS)
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This enclave is a cherished secret of Maui. Discover the epitome of refinement in this exquisite two-story townhome, nestled on the coveted end unit of the complex. Step onto a spacious covered Lanai and indulge in the seamless fusion of indoor-outdoor living. Inside, marvel at the meticulous details, from ceramic tile flooring in key areas to the allure of African teak cabinets and island kitchen.
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102 Umeke Street
Kihei
$2.295M (FS)
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A charming 3 bedroom, 2.5 bath home with picturesque golf course views. Enjoy the inviting front porch or the private back lanai. The gorgeous kitchen features a window above the sink, adding to the home's charm. A second living space upstairs provides additional comfort. Spacious bedrooms and a 2-car garage complete this wonderful home.
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Residential Condos Under $1M
Kihei Villages 49-201
Kihei
$534.9K (FS)
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This stunning 2 bedroom, 1.5 bath upstairs unit is perfectly located steps away from Kenolio Park and within walking distance to Sugar Beach. With no road noise, this unit is perfect for anyone seeking a peaceful and tranquil retreat. This unit has been updated with porcelain tile floors in the kitchen and baths, recessed lighting in the kitchen.
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Haleakala Gardens 15-B
Kihei
$595K (FS)
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Welcome home to this charming 2 bedroom, 2 bathroom ground floor Haleakala Gardens condo in Kihei. Appreciate the quietness with the condo located in the back corner of the complex and away from the road. Enjoy the outdoor space, comforting turf lawn with privacy hedges and a back fence with palm trees.
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Iao Parkside 27-204
Wailuku
$699K (FS)
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This gorgeous 2 bedroom, 1 bath completed remodeled upstairs unit features luxury vinyl plank flooring throughout, which gives it a modern and sophisticated feel. The newly renovated kitchen and bath boast light wood cabinetry and elegant granite countertops. You'll love the brand new stainless steel appliances in the kitchen that provide both style and convenience.
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Vacant Land
1204 Waianukole Street Lot B
Launiupoko
$700K (FS)
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Nearly 1 acre CPR unit close to Launiupoko Beach Park. This CPR unit allows Agricultural uses including the construction of a home of up to 1,500sf. A quick walk to the beach makes this an exciting opportunity to own Agricultural land to do farming and have a home. This property is unit B of a 3 unit CPR.
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194 Huahua Place Lot 25
Kula
$1.295M (FS)
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This prime lot offers unparalleled views of Maui's picturesque landscapes and comes with County approved plans for a luxurious home designed to blend elegance with comfort. The proposed residence boasts spacious bedrooms, perfect for privacy and relaxation. The gourmet kitchen is ideal for culinary enthusiasts, featuring state-of-the-art appliances and ample space.
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