Traveling to Hawaii is certainly not as easy as it used to be, but in a recent survey conducted by  the Hawaii Tourism Authority it was found that out of the 495 visitors that were surveyed 85% said their trip was excellent, and 94% said their trip either met or exceeded expectations. This is great to see, as it means that the number of tourists making the journey to Hawaii in 2021 should continue to rise.

While tourism numbers are not nearly what they were in 2019, the Pre-travel Testing Program allows anyone traveling to Hawaii to bypass the 10-day mandatory quarantine, which would make any vacation immensely more enjoyable. Out of the visitors that were surveyed, 79% said that their pre-travel testing experience went smoothly, and the protocols were clear. The remaining 21% reported various issues with pre-travel testing including difficulty finding a trusted testing partner, and not receiving their results within the specified window.

We will continue to look forward to a rise in tourism numbers as the local economy recovers from the COVID-19 pandemic. To look at the full report, follow this link.In an interview with The Maui News, the Chief Economist with the Department of Business, Economic Development and Tourism Eugene Tian stated that nearly 30% of the homes that were purchased in the better part of 2020 were purchased by out-of-state residents. Of those buyers 27.4% were from the mainland, and 1.4% were international. While this number seems high, out-of-state residents usually purchase nearly 50% of the available real estate on Maui.

The data is still being assembled for the demographic breakdown of these out-of-state buyers, as it is unclear whether most of those purchases were made by investors, or those seeking to move their principal residence to Hawaii now that most employees and business owners can work from home.

The three aspects of the current real estate market that appear to show no signs of slowing are low inventory levels, low interest rates on new mortgages and a climbing median sales price for both condos and single family homes. In December, the Realtors Association of Maui recorded the lowest inventory ever since they began keeping records in 2010. New construction is still very active on Maui, with several affordable housing projects as well as luxury condominium complexes set to be completed  between now and 2022.

To read the full interview The Maui News did with Eugene Tian click here.
 
Due to the spike in COVID-19 cases on Maui, Governor Ige gave Mayor Michael Victorino the authority to amend the current emergency rules. The new rules go into effect today. Here are the highlights.

- Retail occupancy is now limited to 30% to allow more room for social distancing.

- Bars and restaurants are now required to close at 10pm or earlier. Drive-throughs, non-liquor related takeout and room service are all exempt from this new rule.

In addition to pre-travel testing requirements for both inter-island and transpacific travelers, they are also now required to download either the AlohaSafe Alert app or another Google-Apple Exposure Notification System app. Travelers can also enable their exposure notification setting on their phone.

Face coverings must now be worn while walking to and from the beach or pool. They can only be removed once you are stationary and socially distanced from the people around you.

-Even if the venue is outdoors, a mask must be worn at gyms, yoga studios, and wellness centers.

While these rules mentioned  above are slightly different from rules that were already in place, it’s important to keep yourself informed on the latest developments coming out of the Mayor’s office.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Smith Team Real Estate - 2 Generations of Satisfied Customers - (808) 572-0866
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Issue 976 November 16th, 2021
 

Aloha


In this newsletter:
Market Update
Market Watch
Homes Over $1 Million
Homes Under $1 Million
Vacation Condo Over $1M
Vacation Condos Under $1M
Residential Condos 
Vacant Land 


Bank Owned 
Homes (2)
Condos 
(1)  
Land
New Properties 

Price Reduction

Short Sales
Homes 
(1)
Condos 
Land 
New Properties  
(1)
Price Reductions  


Kai Pau 'Ole

 gorgeous 

426 Wailau Place 
Launiupoko
$9.75M (FS)

 

Off Market Properties

 

With condo and home prices soaring and very limited demand, it has become increasingly challenging for Buyers. It is very often the case that a property hits the market and there are multiple offers at over the asking price.

In fact, this year so far, 51% of all condos sold over the List Price and 44% of the condos sold for cash. The total volume of sales is up by 107% over the same period in 2020 with a median sales price of $650K.

It is not wonder why so many Buyers are feeling frustrated at their efforts to compete in this market. If you are in that camp, here is one solution. Put The Smith Team for work finding you an Off-Market property.  

Tell us what you are looking for and your budget, and we will do our best to find you a Seller who is interested in selling but has not yet listed their property for sale. So far this year, we have successfully closed sales for 4 Buyers on properties prior to listing.

Have a wonderful week!

Mahalo Nui Loa,

Ken Smith R(S), Melissa Smith R(B), and Gregory P Smith R(B)

The Smith Team

 
P.S. Tomorrow November 17th Stardust Cinema Launch! Please check here for more information.
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Market Watch
 
Active
Pending
Sold
Change
Homes
171 (139)
225 (104)
1370 (652)
-7
Condos
131 (44)
343 (134)
2306 (570)
-6
Land
133 (50)
 66 (23)
402 (98)
-5
Total
435 (233)
634 (261)
4078 (1320)
-18
 
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

54
54 Kapuahi Street
Makawao

$1.099M (FS)
Great opportunity to own a rental property with house and cottage on half an acre in Upland Estates, Makawao. Stucco finished exterior and plaster interiors create durability and longevity. Avocado, citrus trees and a flourishing herb garden add to any meal.
 
 56 Ohukai Rd 
56 Ohukai Road
Kihei

$1.65M (FS)
Enjoy as a large family compound, rental opportunities or both. 3 bedroom, 2 bath (back) Main House with detached additional living room/pool room, full bath and den or 4th bedroom. Upstairs from this living space is a 2nd story 1 bedroom 1 bath permitted Ohana with a private covered lanai offering beautiful West Maui Mountain views.
 
FEATURE 2
105 Honuhula Place
Kihei
$1.695M (FS)
This home features gorgeous views of the West Maui Mountains and is on a cul-de-sac within a very short distance from sugar beach, Abc store, shave ice and Kihei Canoe Club. This home is complete with an owned 38 panel photovoltaic system and Tesla Powerwall backup battery. 
 
995 ANAPUNI
995 Anapuni Place 
Kaanapali
$6.3M (FS)
Excellent opportunity to acquire brand new, high quality home in Lanikeha at Kaanapali Golf Estates. Built by Thad Henry Design Group, the residence is expected to be complete in 2022. 
 

Homes Under $1M

 2224 Mokuhau Rd 
2224 Mokuhau Road
Wailuku

$589K (FS)
Built in 1960, this 4 bedroom 3 bath home is located on a large rectangular 8,482 SF land. The recent survey shows beautiful options for an ohana in the back yard. Since this home is in need of repair, it's 'livable' while making repairs, Or tear down and rebuild. 
 

 
2336 Main Street
Wailuku
$650K (FS)
Potential Short Sale.  A "quaint" home in the midst of Wailuku town, a short walk up the street on main. Needs work, but it will be worth it.
 
1450 Kilinoe Pl
1450 Kilinoe Place
Waikapu
$996.5K (FS)
A versatile floor plan which can accommodate numerous lifestyle needs. 3 bed, 2 bath upstairs Master en suite with private deck, charming kitchen, dining area, large living room with vaulted ceiling, closets galore, spacious deck. 
 

 

Vacation Condos Over $1M

Honua Kai 2
Honua Kai - Konea 812
Honokawai
$1.895M
 (FS)
This floor plan is very unique and offers an extremely oversized guest bedroom featuring 2 full size queen beds with room to spare. Only 2 units in Konea with this floor plan. Great view of the majestic West Maui Mountains and stunning afternoon rainbows throughout the year.
 
grand
Montage Residences 5103
Kapalua
$3.575M
 (FS)
The spacious lanai offers additional outdoor living space in a lush garden setting with partial ocean view of Kapalua Bay and a brand new built-in outdoor Viking barbeque with mahogany cabinets and granite counter tops. 
 
Polo Beach Club
Polo Beach Club 804
Makena

$4.675M
 (FS)
Offers stunning ocean and outer island views from the slopes of Haleakala to Makena, encompassing Kahoolawe, Molokini, Lanai and the West Maui mountains. Stunning sunsets year round. 

Vacation Condos Under $1M

Lauloa
Lauloa 304
Maalaea
$799K (FS)
You will enjoy ocean and sunset views from your kitchen, living area, and master bedroom. This unit has been meticulously maintained with pride of ownership throughout the years and comes fully furnished and turn key. Lauloa offers the option of vacation renting or long term luxury living.
 
Napili Point
Napili Point B-35
Napili
$870K (FS)
This property is truly the corner of paradise on Maui that you have been dreaming about. This one bedroom and one bathroom has stunning views of Honokeana Bay along with Lanai and Molokai. Honokeana Bay is home to amazing snorkeling where you will encounter sea turtles, and the best diving and surfing that Maui has to offer.
 
aka
Kihei Akahi C-319
Kihei
$889.9K (FS)
This bright and clean unit is the perfect location. 2 bed, 2 bath turnkey rental unit. Kihei Akahi condominiums have close proximity to Kamaole II Beach and are convenient to South Kihei restaurants, shopping & night life. This 3rd floor has been beautifully updated.
Maui Sunset
Maui Sunset A-201
Kihei
$970K (FS)
This spacious, second-floor unit boasts large windows and excellent courtyard views. From the granite countertops and dark kitchen cabinetry to the vinyl flooring throughout main living room and kitchen with carpet in the bedrooms unit has been meticulously maintained. 
 
Customer Listing Synopsis

Residential Condos Over $1M

Hotel Hana-Maui Condominium 
Hana
$1.1M (FS)
The private end unit is situated on the beautifully landscaped grounds of the hotel adjacent to the spa, pool and pitch & putt 3 hole golf course. This spacious 978 s.f. townhouse is beautifully appointed with elegant wood cabinets, wood floors, vaulted living room ceiling and contemporary island style furnishings.
 
Masters
Masters 3106
Kaanapali
$1.488M (FS)
You will never miss another Maui sunset again. The upper-floor units are the most prized at the Masters, having vaulted ceilings with skylights making the home feel spacious and bright. This floor plan is the most amenable to a number of reconfigurations for owners wishing to make their new home unique to their lifestyle. 
 
Wailea Palms
Wailea Plams 3306
Wailea
$1.525M (FS)
Overlooking the greenbelt and the common pool area, one can enjoy splendid wintertime sunsets, perfectly framed with palm trees and lush landscaping. There is virtually no other building in the view plane. A central AC system was added for the living area and the 2nd bedroom, while the AC in the master bedroom is new also. 
 
Masters 2
Masters 1401
Kaanapali
$1.85M (FS)
Is a ground-level corner unit in the most private building with expansive ocean views. Building 14 consists of only four units: two on the ground-level and two above. Building 14 is considered to be the most prime location at the Masters.
 

Residential Condos Under $1M

Harbor Lights A-303
Kahului
$185K (FS)
This light and bright 2 bedroom 1.5 bath condo was upgraded in 2014. The condo has tile floors throughout and a nice floor plan for the two bedrooms and 1.5 bath. The location in building "A" looks out to get Iao Valley views and nice trade winds to keep comfortable.
Puuone Terrace 319
Wailuku
$192.5K (FS)
This one bedroom, one bath corner unit on the third floor with mountain and ocean views is ready for your creativity and design ideas. A blank canvas ready to make your own and possibly earn a little sweat equity along the way. 
 
Puuone Towers and Plaza
Puuone Towers and Plaza 405
Wailuku
$249.9K (FS)
Bank owned. Welcome your mornings with the view of parks and ocean from your lanai on this 2 bedroom unit located on the 4th floor of Puuone Towers and Plaza, located right in the center of Maui. Live close to schools, restaurants, shops, and local parks. Have easy access to the secured lobby elevator when going in and out of the unit.
 
Southpointe at Waiakoa
Southpoint at Waiakoa 24-102
Kihei
$474K (FS)
This ground floor corner unit is centrally located in the complex for extra privacy. The yard is bordered with palms and plantings giving you a sense of serenity to enjoy your outdoor space. Sip your morning coffee or have an ice cold drink after a day of playing in Maui's warm sunshine.
 
Kihei Villages
Kihei Villages 42-102
Kihei
$495K (FS)
Conveniently located ground floor 2 bedroom, 1.5 bath, single parking, Kihei Villages condo. Just a short stroll away from the beach, Kihei Canoe Club, week day Farmer's Market, and Ulalani's Shave Ice. Here is your opportunity to enjoy soothing breezes from your relaxing yard with mature plantings.
 
pretty
Villas at Kehalani 2102
Wailuku
$899K (FS)
The two story spacious 1,446 living square feet Townhome with Ocean views with attached two car garage and central air conditioning. The contemporary design includes two large bedroom suites with private bathrooms. 
 
Vacant Land
 
O Haneoo Road
Hana
$975K (FS)
Rare offering of 8.8 acres within steps of the world famous Hamoa Beach. Voted the Best Beach in the world and described by James Michener as the most beautiful beach in the Pacific. Sweeping views that extend from Hamoa Beach to the Big Island, and onto the pastures of Hana Ranch with the dramatic slopes of Haleakala above.
 
The Smith Team
www.MauiSales.com
(808) 572-0866
 
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Coldwell Banker Island Properties
#B-35 3750 Wailea Alanui Drive
Wailea, Hawaii 96753
US

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