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Aloha {FIRST_NAME
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In this newsletter:
Short Sales
Homes
Condos
Land
New Properties (0)
Price Reductions (0)
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Oceanfront Paradise
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Market Update
As we enter the second half of the year it is time for a Summer real estate market check-in. While rising home prices begin to slow down and mortgage rates remain low, there are no current signs of imbalance forcing buyers to hurry-up or pull-back their home searches. The market is allowing time for buyers to pursue their home search in a thoughtful and deliberate manner.
- Millennials will drive the market. This millennial generation has hit their prime home-buying years and more than half of mortgages originated by Fannie Mae and Freddie Mac last year were for first-time home buyers.
- Inventory will improve, slightly. There has been an increase in supply compared to last year but levels are still quite low. Inventory is particularly lacking at lower price points.
- Home prices are headed up. While price appreciation has slowed down, experts predict they are not done rising yet. A 5.6% uptick is anticipated by the Home Price Index Forecast.
- Mortgage Rates will remain low. Fannie Mae, Freddie Mac and the Mortgage Bankers Association all predict the 30-year, fixed rate mortgage rate will finish out the year between 3.9% - 4.1%, lower than last year's average.
- Buyers can take their time. Nationally, data shows that only 15% of offers in April were involved in a bidding war. A drastic decrease from 60% for the same month the previous year.
- No extreme changes are predicted. Signs are not overwhelmingly pro-buyer or pro-seller. Of course, conditions vary by market location.
It is important to note that these 6 expert predictions are summarized from Forbes, a national publication and not specific to Maui or Hawaii markets.
Mahalo Nui Loa,
The Smith Team
P.S. - Maui is hosting free recreation summer programs all month throughout the island to celebrate Parks and Recreation month. Movie nights, dance events and swimming under the stars will be held at various beach parks and community centers. Check out the schedule here.
Melissa Smith R (B), Ken Smith R (S), Gregory Smith R (B), Lindsey King R (S)
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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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430 (272)
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224 (57)
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1097 (276)
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-18 |
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Condos
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472 (173)
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237 (48)
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1602 (258)
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-16 |
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Land
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306 (95)
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54 (14)
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173 (27)
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-3 |
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Total
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1208 (540)
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515 (109)
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2872 (561)
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-37 |
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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
2565 Poko Place
Haiku
$1.165M (FS) |
Private Haiku home and cottage on 2.4 acres with beautiful ocean views. The main home boasts spectacular ocean views from the master bedroom, living room, 2 lanais, kitchen and dining room. The impeccably-maintained 3 bed, 2 bath home features an updated kitchen with granite counter tops. There is a 1 bed, 1 bath cottage.
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2727 Kauhale Street
Kihei
$1.2M (FS) |
Just minutes from the beach this 3 bed, 3 bath, 2 story home is tucked away in a quiet residential neighborhood bordering Wailea. A large covered wrap-around deck creates an easy flow for indoor/outdoor living, ideal for every-day living as well as entertaining. The detached 1 bed, 1 bath ohana is newly renovated with his/her bathroom sinks.
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200 East Panana Place
Wailea
$1.65M (FS) |
A truly elegantly designed home with high cathedral wood ceilings in the living room. Sliding doors that disappear in to the walls leading out to a fabulous tropical oasis with waterfall cascading in to the very private pool surrounded by lush palm trees. This beautiful home has 2 bedrooms downstairs with their own bathrooms.
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1426 Front Street
Lahaina
$1.695M (FS) |
The Oceanside home with 2 beds, 2 baths upstairs enjoys a spacious open concept floor plan, vaulted ceilings, remodeled kitchen, expansive covered lanai, ocean vistas and spectacular sunsets. The mountain side guest house has 1 bed, 1.5 bath upstairs Ohana, a separate 1,128 sq ft flex room (study, exercise, yoga studio) and a 1,728 sq ft garage/workshop offering multiple opportunities.
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Homes Under $1M
352 Uluna Street
Kahului
$614K (FS) |
A delightful 3 Bed, 2.5 Bath home in the most sought-after Traditions neighborhood of Maui Lani is now available. This beautiful home is conveniently located within just a few minutes of the Pomaikai Elementary School, Traditions Park, shopping, restaurants, and medical facilities.
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162 Poniu Circle
Wailuku
$619K (FS) |
This end unit 3 bed, 2.5 baths offers solitude, peacefulness and privacy with a very spacious open floor plan. Included are beautiful laminate floors, a convenient kitchen island, walk in pantry and a spacious dining area with a guest half bath downstairs.
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1375 Komohana Place
Lahaina
$644.9K (FS) |
Bank Owned - Great opportunity in West Maui for a large family. Quiet location at the end of a cul-de-sac in Wahikuli. This is a 4 bed, 3 bath home.
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942 Akaiki Place
Wailuku
$689K (FS) |
Amazing remodel at this 4 bed, 3 bath home. New kitchen cabinets and countertops. Custom features through out. New stainless steel appliances. New water heater. Downstairs includes it's own entrance and wet bar.
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56 Keoneloa Street
Wailuku
$789.95K (FS) |
Ready to move in meticulously maintained 1,668 sq ft home with 3 beds, 2 baths in one of Wailuku's Premier Gated Communities, Sandhill Estates.
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Vacation Condos Over $1M
Wailea Ekahi #39D
Wailea
$1.05M (FS) |
This completely remodeled 1 bed, 1 bath, 792 sq ft unit provides the highest level of attention to quality and detail. As you walk in, you will feel the warmth from the velvet textured Italian plaster and appreciate the high ceilings with natural Lau-Hala and bamboo.
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Royal Mauian #503
Kihei
$1.199M (FS) |
Featuring one of the most iconic ocean view corridors on Maui, Royal Mauian 503 is a rare opportunity to own on Kihei's golden mile. This 2 bed, 2 bath oceanfront luxury condo offers an open floor plan with seamless indoor/outdoor living.
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Wailea Beach Villas #510
Wailea
$3.999M (FS) |
This top floor Penthouse is priced to move. Views from the coveted fifth-floor location are as spectacular and inspiring as the price. Spacious, open floor plan with 2 beds and 2 baths. Den area "doubles" as third sleeping option.
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Vacation Condos Under $1M
Royal Kahana #903
Kahana
$369.5K (FS) |
Premium studio ‘903’ at Royal Kahana Resort faces North to the Pacific Ocean from the preferred ‘03’ stack. Upgraded with a great Hawaiian setting from the private lanai with a view of Molokai and the beach. Good floor plan with a Washer and Dryer and central air conditioning.
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Honokowai Palms #B6
Honokowai
$425K (FS) |
A very rare opportunity has arrived as there is finally a 2 bed, 1 bath unit on the market in this low density thirty unit boutique complex. There are many hallmarks of this unit including the proximity to the ocean, which is located directly across the street, grocery stores and restaurants nearby and also a church right next to the complex.
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Kihei Garden Estates #D201
Kihei
$449K (FS) |
This is a lovely 2 bed, 1 bath unit located right across the street from Waiohuli Beach. The convenient location is perfect for vacationers and live-in owners alike. Just a quick stroll to coffee shops, restaurants, gyms, groceries and the beach.
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Keawakapu #106
Kihei
$488K (FS) |
Rarely available in South Maui is a 2 bed, 1 bath condo for sale in Keawakapu Views. This is a small, concrete building consisting of 18 units close to the beach and restaurants.
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Hololani #B-201
Kahana
$548K (FS) |
This is the best priced 2 bed, 2 bath unit in a direct oceanfront development in West Maui. With good ocean and mountain views, modern décor and spacious floorplan, unit B201 is sold turn key. Hololani is a low density property with only 64 units situated in 2 eight story buildings.
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Residential Condos Over $1M
Hokulani Golf Villas #69
Kihei
$1.193M FS)
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The slab is poured and framing has begun all we need is for you to paint a picture with your personalized selections. Beautiful park like setting with lots of open space. This home provides one level living with additional 2 bedroom guest suites on the upper level.
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Kanani Wailea #8
Wailea
$1.299M (FS)
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Kanani Wailea #8 is a detached, 4 bed, ocean-view home in a gated, low-density condominium community, offering the ideal balance of privacy and carefree island living. This spacious, airy, remodeled home looks brand new and features a two-car garage and 2,287 sq ft of living space.
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Residential Condos Under $1M
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Maui Lani Terraces #A-101
Honokowai
$269.5K (FS)
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Beautifully renovated ground floor corner unit studio in the very sought-after Maui Lani Terraces. The seller took care in selecting the tile flooring, Cherry wood cabinetry for the kitchen, along with granite counter tops.
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Kihei Villages #1-202
Kihei
$319.9K (FS)
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This 2 bed, 1.5 bath condo is move in ready. If it's the beach lifestyle you're looking for, look no more. This is the 2second lowest priced condo in Kihei Villages. Moderate updates including newer kitchen cabinets, newer bathroom sinks, laminate and ceramic flooring.
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Kahului Ikena #212
Kahului
$399.5K (FS)
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Great opportunity to own a 3 bed, 2 bath unit on the 1st floor at Kahului Ikena in Central Maui with a private fenced yard. This is a pet friendly complex. This unit comes with 2 parkings stalls for your convenience.
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Vacant Land
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26 Halapa Place
Wailea
$795K (FS)
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The Ridge at Wailea is an exquisite luxury development consisting of 9 single family home lots in Wailea with mountain to ocean views. Wailea is home to many upscale restaurants, shopping, 3 championship golf courses, numerous sandy beaches, all just minutes away.
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