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
About Maui Our Listings Property Search Rentals Blog Contact Us
 
Issue 1027 November 8th, 2022
 

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 (2)
Land
New Properties 
Price Reductions  

Short Sales
Homes 

Condos 
Land
New Properties

Price Reductions 


 Kapalua’s Plantation Estate
   feature   

203 Plantation Club Drive
Kapalua
$24.9M (FS)


Importance of Staging

 

Up until recently, there is no question that we’ve been in a Seller’s market. Although the inventory of homes on Maui is still rather low, it is no longer a Seller’s Market as sales have dropped off substantially in the last several months.

 

This makes it even more important to showcase your home or condo in its very best light. Here are some of the reasons why that is important:

  • Help Buyers Emotionally Connect.
  • Increase Perceived Value
  • Help Buyers Better Visualize a Vacant Home
  • Create Better On-Line Photos to Stimulate Interest
  • Best Investment You Can Make

Bottom line, staging doesn’t cost money, it makes money. With an investment of 1% of the sales price, you can often increase the value of your property by 5 to 15% according to the International Association of Home Staging Professionals.

 

For more information on the importance of staging, please read this article from National Association of Realtors® as to “Why Staging Matters Even in a Seller’s Market”.  

 

Please let us know if you would like a free consultation regarding staging your property to maximize its value.

 

Mahalo Nui Loa,

Ken Smith R(S), Melissa Smith R(B), Gregory Smith R(B) and 
Rachel Smith Kofron R(S)

The Smith Team
 

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Market Watch
 
Active
Pending
Sold
Change
Homes
241 (197)
120 (77)
1101 (641)
-15
Condos
172 (77)
202 (121)
1681 (533)
+8
Land
125 (62)
 38 (11)
233 (82)
+1
Total
538 (336)
360 (209)
3015 (1256)
-6
 
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.

 

Homes Over $1M

kapuhan
985 Kapuhau Place
Kihei

$1.2M (FS)
Completely remodeled main house and Ohana in Central Kihei close to all shops and restaurants. Large fenced lot with zero scaped yard for easy maintenance. 3 bedroom 2 bath main house with real wood floors and all new finishes. 2 bedroom 1 bath detached ohana and additional detached rooms or storage and a large Mango tree in backyard.
7 Waiolani
7 Waiolani Place
Wailuku
$1.28M (FS)
Beautiful home. Many nice upgrades. Tile floors, high ceilings, split A/C system, Solar, photovoltaic, just to name a few. The addition built in 2006 provides additional quarters for the in laws or extended family. Very private location at the end of the cul de sac and surrounded by custom rock wall. 
 
108 Moana
108 Moana Avenue
Kihei
$1.999M (FS)
This large 2 story home has been tastefully upgraded, has 15 leased photovoltaic panels, 2 owned solar water heater panels, and over 20 established fruit trees. The upper level of this home consists of a bright and airy open concept design with ocean views, vaulted ceilings, and an abundance of natural light. 
147 Haniu
147 Haniu Street
Launiupoko
$11.5M (FS)
This gated, luxury Launiupoko property provides a unique opportunity for large family gatherings or corporate retreats. Located on 8 acres, nestled below the magnificent West Maui mountains, and perched above the treasured Launiupoko Beach Park.

Homes Under $1M

 296 Manini 
296 Manini Place 
Kihei
$720K (FS)
This lovely 2 bedroom 1 bath home has been renovated from top to bottom. Custom cabinetry and tile in the bathroom, new appliances and windows, and luxury vinyl flooring throughout the home make this bright and airy space a must see. 
3050 Lower
3050 Lower Kula Road
Kula

795K (FS)
Kula Charmer, large approximately 23,000 square foot lot to construct your dream home and ohana, and family compound. Enjoy the beauty of flowering Jacaranda, Avocado, Mulberry, Pomegranate, Lime, and rare Malabar Chestnut trees. Great up country lifestyle. Enjoy the fresh mountain air, wide open spaces, moon and stars at night, and country living in the refreshing climate lower Kula has to offer. 
2042 KAHEKILI
2042 Kahekili Highway
Wailuku
$899K (FS)
Home, sweet home! Turnkey, clean 3 bedroom 2 bath, built in 2000, is move-in ready. Freshly painted with new light fixtures, and easy to maintain pergot and tile flooring. Spacious open floorplan kitchen. Indoor laundry. Low-maintenance yard with off street parking. One of the lowest priced properties on Maui come see it before it's gone.
 

Vacation Condos Over $1M

Papakea Resort
Papakea Resort D-403
Honokawai
$1.995M (FS)
Experience the perfect combination of modern design and coastal decor in this newly renovated island residence. Positioned on the top floor, enjoys stunning ocean views and a rarely offered penthouse floor plan with two bedrooms on the main level and an additional loft with ensuite bath above. 

Customer Listing Synopsis

Video/Virtual Tour

Wailea Point
Wailea Point 801
Wailea
$6.95M (FS)
The spacious, elegant, and bright two-story residence offers the largest floor plan available at the low density, gated community of Wailea Point Village. With a stunning oceanfront location featuring panoramic views of the Pacific, this 3 bedroom, 4 bath, 2,554 square foot home.
 Wailea Point 
Wailea Beach Villas K-208
Wailea
$8.495M (FS)
This beautiful unit is an Ocean & Outer Island View, 3 bedroom 3 bathroom 2,811 s.f. penthouse with an additional den/office that easily converts to a 4th sleeping area. Elevator access is electronically secure. Unit has a contemporary aesthetic.
 

Vacation Condos Under $1M

Kanai A Nalu
Kanai A Nalu 211
Maalaea

$729K (LH)
Gorgeous two bedroom, two bath, (ensuite), 952 square feet with stunning views of the Pacific Ocean, Haleakala, and outer islands. Relax while dining on the spacious lanai (seats four) as you watch the whales play. Beautifully appointed bedrooms and living room with serene modern beach décor.
 
 Kihei Kai Nani 
Kihei Kai Nani 211
Kihei

$799.9K (FS)
This beautiful 1 bed 1 bath, 621 sf. vacation rental has recently been remodeled. Upgrades include a spacious new kitchen, modern appliances, a ceramic sealed cooktop with oven, microwave, upgraded bathroom and new flooring inside the unit and lanai. 
 Kahana Reef 
Kahana Reef 301
Kahana

$820K (FS)
This one bedroom corner unit comes complete with epic views of neighboring islands, colorful sunsets, diving turtles and humpback whales breaching during winter months. This direct oceanfront corner condominium unit offers side windows for extra light and gentle tropical airflow. 

Customer Listing Synopsis

Video/Virtual Tour

Residential Condos Over $1M

ww
Wailea Palms 2706
Wailea
$1.795M (FS)
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. The expansive panoramic ocean & outer island view from the pool pavilion are exceptional.
 
hokulani
Hokulani Golf Villas 149
Kihei
$2.15M (FS)
Initial thoughts "Wow, clean, white, bright barely lived in with soaring 12 foot ceilings that provide lots of volume" "I like it" and you too, will like this 2-story residence with the main living flow on one level, great room, kitchen, master bedroom, living space and a convenient 2 bedroom 1 bath with den upstairs for an additional terrific ocean/West Maui Mt views. 

Residential Condos Under $1M

  Harbor Lights
Harbor Lights C-315
Kahului

$225K (FS)
Spacious 2 bedroom 1.5 bath unit in Kahului. Close to Queen Kaahumanu Shopping Center, University of Hawaii -Maui campus, and parks. 

Customer Listing Synopsis

Keonekai Villages
Keonekai Villages 9-204
Kihei
$588K (FS)
Great Investment opportunity at one of the most desired condo complexes in South Kihei. Looking for a cash buyer for this 2 bedroom, 1.5 bath ,750sf unit. Kitchen has granite countertops, cherry wood cabinets, and bamboo flooring. In the second bathroom there is a washer/dryer and tile floors.
 

 
Southpointe at Waiakoa
Southpointe at Waiakoa 31-106
Kihei
$599K (FS)
Highly sought out ground floor Southpointe unit located in the back of the complex, offering quiet and privacy. You'll have your own shady back-yard to relax or work with your big dog by at your side. The kitchen and bath both feature newer granite counter tops and cabinets. Included are two tandem parking spaces close by.
 
Kehalani Gardens
Kehalani Gardens 102
Wailuku
$625K (FS)
There are so many delightful surprises in this lovely 2 storey townhouse in centrally located Kehalani Gardens. Filled with color and light, the owners have curated a selection of diverse materials including comfy cork floors, herringbone patterned tile in the foyer and kitchen, and American Clay plaster on some of the walls. 
villas
Villas at Kahana Ridge 522
Kahana
$800K (FS)
This will go very fast as this is the lowest priced 3 bedroom 2 bath long term condo on West Maui, and it is extremely charming. What really sets this unit apart from the rest is that big ocean and sunset viewfrom the lanai and two bedrooms, along with an open space view of the neighboring AG-zoned lot. 

Vacant Land

 928 Makawao 
928 Makawao Avenue
Makawao

$475K (FS)
Oceanview vacant land conveniently located in Makawao near town, schools and across from Eddie Tam Memorial Park which features a playground, soccer fields, basketball courts, gymnasium and more.
 

 
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
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