|
Aloha ,
Market Update
We are facing a rental affordability crisis nationally and locally. Almost half of all renters are considered "cost burdened" meaning they struggle to keep up with bills due to high rents. On average renters spend an alarming 30% of their income on rent.
Low rental inventory and a lack of new rental construction continue to push rents up and up. Often cases it can be cheaper to own than to rent.
In Maui, an average cost to rent a modest 3 bedroom, 2 bath home with 1,700 sq.ft living area is $2,550 per month. Alternatively you could purchase a similar home, 2662 Kalialani Circle in Pukalani listed at $454,900. With $20,000 down your payment would be approximately $2,700 per month including taxes and insurance based on today's rates. So it would cost you only slightly more to own and mortgage interest is tax deductible for almost all homeowners on their principal residence. Please consult your tax professional to confirm.
Call us for other examples of where it might be advantageous to buy than rent.
Have a wonderful week,
Lindsey for The Smith Team
Ken, Melissa and Lindsey
P.S. - Original purchasers at Keala O Wailea will receive a golf program including Gold, Emerald and Blue courses.
Melissa Smith R (B), Ken Smith R (S)
Market Watch
| |
Active
|
Pending
|
Sold
|
Change
|
|
Homes
|
562 (313)
|
237 (23)
|
1073 (186)
|
+18 |
|
Condos
|
807 (200)
|
206 (19)
|
1203 (159)
|
+18
|
|
Land
|
369 (132)
|
27 (3)
|
158 (26)
|
-2 |
|
Total
|
1738 (645)
|
470 (45)
|
2434 (371)
|
+34 |
|
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.
|
|
Homes Over $1M
24 Huina Place
Kula
$1.225M (FS) |
Upcountry Living Perfected! This executive home features an expansive open floor plan, charming architectural details, and commanding view corridors of the ocean and mountains. The fully fenced 1/2 acre lot offers privacy in one of the most sought after cul-de-sacs in Kula.
|
2311 Umi Place
Haiku
$1.6M (FS) |
Wonderfully perched on top of Haiku Hill and visible from so many places on Maui, this lovely home is fittingly called the “Crow’s Nest” by its owners. Offering truly unique views, every window is like looking at a postcard. Incredibly private, the spacious 2 bed/2 bath home has lovely vaulted wood ceilings.
|
 70 Pono Road
Haiku
$3.9M (FS) |
'Ponohouse' is a dream come true of beautiful, serene, and very private tropical lifestyle! This exotic home provides exceptional privacy as you are perched over an expansive gulch with majestic 180-degree ocean views. Enter the estate thru the custom gated courtyard adorned with a lily pond.
|
34 Kahua Kai Way
Kaanapali
$5.995M (FS) |
This home is situated on a double lot with .82 acres of land creating a very private estate with wonderful ocean views. Its close proximity to the West Gate of Kaanapali Golf Estates, allows for easy access to heart of the Kaanapali Resort with its beautiful beaches, restaurants and shopping.
|
3886 Wailea Ekolu Place
Wailea
$6.9M (FS) |
Besides the panoramic ocean view, the feature the owner loves most about this custom designed home is the openness and flow. The main living area is on one floor with the master suite, living/dining areas, office, pantry/art studio, family room and the enormous chef’s kitchen!
|
Homes Under $1M
2662 Kalialani Circle
Pukalani
$454.9K (FS) |
Bank Owned -This contemporary home offers 3 levels of living areas. The Living Room welcomes you as you walk in., as you you take 4 steps up to dining area, a large kitchen area complete with an island, laundry area and the hallway into the bedrooms and bathrooms.
|
391 Kamalei Circle
Wailuku
$950K (FS) |
This custom built like new home has so much to offer: a gated community, on the golf course, very private, single-level, bamboo floors, high ceilings, central AC, Monier tile roof, heated pool and spa with automatic cover, large lanai for indoor/outdoor living, beautiful view of the West Maui Mountains, well-manicured yard for low maintenance.
|
Vacation Condos Over $1M
Kaanapli Alii #1-401
Kaanapali
$1.5M (FS) |
Great opportunity to own a nicely upgraded ocean view unit at the Kaanapali Alii. Spacious floor plan with 1 bedroom, 2 baths plus den that has been designed for use as a 2nd bedroom. Unit is in the Classic Resorts rental program. Resort amenities include an oceanfront swimming pool, spa, spacious fitness center, BBQ area, and tennis courts.
|
Wailea Point #2301
Wailea
$2.1M (FS) |
Wailea Point 2301 is a single-level ground floor unit with excellent ocean views towards the West Maui mountains. You will enjoy privacy with water views from the inside living area, the kitchen and from the lanai. The sunrise and moonrise vistas towards the top of famous Haleakala mountain, are a stunning bonus.
|
Polo Beach Club #507
Wailea
$2.299M (FS) |
This singular island home resonates with the timeless appeal and essence of Aloha Spirit. The interior of this 2-bedroom, 2-bath condominium is pristine and alluring; exquisitely appointed, in true Hawaiian style. The spectacular vistas from this private north side setting encompasses sandy coastline, endless ocean and the Island of Lanai.
|
Whaler #252
Kaanapali
$2.85M (FS) |
This is a rare opportunity to own a 2 bedroom corner apartment at The Whaler. This beautiful ocean front condo is located in the North side of Tower II. This location offers privacy and stunning views of the Pacific Ocean and the famous Kaanapali Black Rock from the large wrap around lanai.
|
Wailea Beach Villas #PH306
Wailea
$3.25M (FS) |
This world class Villa can be summed up in only 2 words; "Breathtaking Views!" The panoramic views from this third floor penthouse are simply jaw dropping. You will also be impressed by the striking features and tastefully designed furnishings. This Wailea Beach Villa boasts sweeping views of Kaho'olawe, Lanai, and the vast blue Pacific Ocean.
|
Vacation Condos Under $1M
Kamaole Sands #8-203
Kihei
$397.5K (FS) |
Welcome home to this beautiful 1 bedroom 2-bath second floor condominium at Kamaole Sands in South Kihei on Maui. This nicely remodeled unit shows the pride of ownership. Enjoy the relaxing garden and mountain view, the amazing tropical foliage and a peek-a-boo ocean view from the covered tiled lanai.
|
Kihei Resort #219E
Kihei
$399K (FS) |
This beautifully decorated and upgraded 2 bedroom, 2 bath condo is situated overlooking the gorgeous Kihei Resort garden area. You can relax on your lanai after a fun day at the beach and let the tropical atmosphere carry you away into total bliss. Since it's an end unit, you have extra windows adding extra light and breeze into the condo.
|
Maui Vista #3411
Kihei
$489K (FS) |
Best oceanview at Maui Vista! Gaze at Kahoolawe and Molokini over your morning coffee. Income-producing, penthouse vacation rental in coveted building 3. Classic lofted floorplan with tiled floors and full-sized washer dryer. Remodeled, furnished and ready to go. Extra storage for all your ocean toys upstairs.
|
Palms at Wailea #307
Wailea
$699K (FS) |
This condo is a complete renovation. The kitchen has beautiful wood cabinets with new all high end stainless steel appliances. The gorgeous granite counter tops just compliment the travertine floors throughout. Very tasteful artwork, beautiful high end comfortable furnishings.
|
Mahana #207
Kahana
$779K (FS) |
Best priced 1-bedroom apartment available at The Mahana today. This particular location gives the feeling that the beach & ocean are right in your living room, yet still very private. Outstanding sunsets and whale watching. Mahana 207 was totally remodeled in 2004, including the entire kitchen and bath.
|
Kapalua Golf Villas #19V1
Kapalua
$795K (FS) |
Top Floor End unit with wonderful ocean and mountain views. Please check back for professional photos after guest checks out 12/18/2015. This is a must see unit for sunsets, whale watching and privacy as distance between 19v1 and 20 building. It has been updated with all new cabinets and counter tops and baths.
|
Mahana #308
Kaanapali
$800K (FS) |
The Mahana at Ka’anapali is a luxurious condominium project located on North Ka’anapali Beach in the middle of West Maui, Hawaii. The Mahana has twin twelve-story towers of privately owned condominiums and is set right on the beach, approximately 60 to 80 feet from the water, where the soothing sound of the waves can be heard.
|
Residential Condos
Kihei Villages #13-201
Kihei
$219.4K (FS) |
Bank Owned - Clean, 2 bed 1.5 bath Upstairs unit within walking distance to Kenolio park and a sandy beach.
|
Koa Kai #17A
Kihei
$337K (FS) |
Remarkable sunsets, across the street from beautiful south shore, Charley Youngs and The Cove. Boutique Condominium, ocean views, 1 bedroom/ Loft and 1 bath, covered Lanai, covered carport with 1 assigned parking stall, visitors parking onsite and street parking available. Use loft for special guest, office or studio.
|
Boardwalk #K
Kihei
$419K (FS) |
Life is better at the beach! There is absolutely no other condominium complex on Maui like the Boardwalk. The Boardwalk is a ten unit, pet-friendly boutique condominium, located across the street from a beach access on Halama street in the heart of Kihei. You will be amazed by the number of daily conveniences that are a short walk from this hidden gem.
|
Opukea at Lahaina #B301
Lahaina
$510K (FS) |
A corner end unit with 3 bedrooms and 2 baths at the beautiful Opukea at Lahaina with a covered porch facing ocean view and a mountain view from bedrooms. Walking distance to the beach, shopping mall and restaurants.
|
Masters #1705
Kaanapali
$615K (FS) |
Bank Owned - Great opportunity to own one of the few 1 bedroom listings at the Masters. Competitively priced and in good condition. Ready to move in. Across the street from a pool. The unit is ground floor with great ocean views.
|
Villas at Kehalani #1201
Wailuku
$759K (FS) |
The "Best of the best"..is what this 3 Bedroom Corner End unit with the Master on the first floor offers! Serene and centrally located in a gated, Ocean view community, this luxury town home can be found in the Villas at Kehalani. As you enter, you are welcomed into an elegant great room filled with soothing, natural light and cool lanai breezes.
|
Vacant Land
112 Kahiapo Place
Haiku
$549K (FS) |
Watch the waves breaking at Kuiaha Bay from this secluded 10 acre parcel, just minutes from the Hana Highway and Haiku School. Spot whales jumping and jet skis passing on their way to neighboring Jaws. Perfect home site near the property entrance with an unobstructed ocean view.
|
388 Punakea Loop
Lahaina
$975K (FS) |
Unsurpassed Panoramic Ocean Views. Take in the breath taking views from Kahoolawe to Lanai and Molokai. Sitting high above the land, it lends itself to the peaceful and private feeling of your own Paradise! This 5 acre parcel has much of the infrastructure in place to be ready to build your main home.
|
|
