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Aloha
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In this newsletter:
Short Sales
Homes (0)
Condos
Land (0)
New Properties(0)
Price Reductions (0)
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House of Tranquility by the Sea
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Market Update
It’s no surprise that the properties on Maui remain some of the most desirable in the country. Add to that desire low inventory and you have the current real estate market in 2019. In August of this year the median price for a single-family home in Maui County soared to $825,250. After August however, the median price began to cool. In October, the median price fell below what it was in October 2018 to $732,000. The sudden decrease in price didn’t discourage new listings, pending sales, and closed sales though, all of which saw increases when compared with 2018 numbers. The most popular locations for single-family home sales in 2019 have been, Wailuku, Kahului, and Kihei.
Condo prices have not been shown to spike at the same time as residential home prices, and during the highest priced months for single-family homes in April and August, we actually saw the prices of condos fall below their 2018 levels. Now with the residential market cooling slightly, we are seeing an increase in the median condo price to $515,800. One area where we can see similarities between both the residential and condo markets is in inventory, which has fallen below 2018 levels and is sitting at 490 active listings. The most popular areas for condo sales this year have been Kihei, Kaanapali and Napili.
To view home and condo sales in October by district, you can visit our blog here.
Mahalo Nui Loa,
The Smith Team
P.S. For those who don’t enjoy spending hours in the kitchen preparing traditional food items for Thanksgiving the thought of having someone else do the work for you may sound intriguing. While they can’t prepare the entire meal for you, the students enrolled in UH Maui’s Culinary program want to help you with dessert. The students will be making apple, pecan, and pumpkin pies as well a more non-traditional pumpkin cheesecake. To place your order, you can visit their website here.
Melissa Smith R (B), Ken Smith R (S), Gregory Smith R (B)
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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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455 (280)
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197 (48)
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1117 (298)
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-1 |
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Condos
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490 (175)
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254 (62)
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1579 (244)
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+10 |
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Land
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314 (90)
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49 (16)
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177 (29)
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-0 |
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Total
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1259 (545)
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500 (126)
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2873 (571)
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+9 |
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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
1065 Ehu Rd
Olinda
$1,095,000 (FS)
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Bordering the Makawao Forest Reserve, and set against a large gulch, this fully fenced, well-designed property offers maximum separation with the main house and ohana at opposite ends of the parcel. Both dwellings are tucked away at the end of quiet cul-de-sac, where seclusion and serenity are plentiful. The main house offers vaulted ceilings, Marbau wood floors, travertine bathrooms and in-floor central heating. The ohana comes with a wood-burning stove and all the privacy you could want. Enjoy the crisp clean air and listen to the singing birds in the forest.
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65 Door of Faith Rd
Haiku
$1,100,000 (FS)
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Serenity beckons with this lovely gulch bordered ocean view property on the North Shore of Maui! Ideal for large or extended family situations. The flexible floor plan consists of a 3 bed, 2 bath main area with a spacious country style kitchen. The great room features high vaulted ceilings with clerestory windows opening to a generous deck with a spa and gulch/ocean views. Enjoy a split system AC in two of the bedrooms. There is also an additional 3 bed, 2 bath area with polished stone floors that has its own external entries and can be locked off from the main house.
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22 Moana Ave
Kihei
$1,239,000 (FS)
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A smart and stylish tastefully designed interior and exterior home in the popular South Kihei Moana Estates neighborhood. This 3 bed, 2 bath single level floor plan is ideal for the owner who doesn’t want to do stairs. The spacious layout allows for separation between the master bedroom and the guest rooms. Other features include granite kitchen counters, an interior laundry room, central AC, high ceilings, and a solar water heating system that add to the convenience and beauty of this special home.
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1276 Nahale Pl
Lahaina
$1,695,000 (FS)
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1276 Nahale Place is a large central Lahaina home and detached cottage located in the Wahikuli neighborhood between Lahaina Town and Ka’anapali. The property was completely gutted and renovated from the inside out in 2017 with stainless steel appliances and the finest finishes. This property features resort style landscaping and irrigation, extensive stone walls, a security system and leased solar photo-voltaic system. Every room in both structures features their own ductless AC system.
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Homes Under $1M
160 Mission St.
Wailuku
$419,900 (FS)
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Conveniently located in the heart of Wailuku, this 3 bed, 1 bath home is waiting for the right buyer to make it their own. Close to shopping, restaurants and much more.
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478 Kea St
Kahului
$509K (FS)
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Located in the center of Kahului, this 10,000+ sf. lot is poised for refreshing, with ample space for a main house and cottage. Sweeping views of the West Maui Mountains and Iao Valley flank the south side of the lot. A wide vista of Kahului, Wailuku, and beyond can be seen from the backyard looking West, as homes behind this one are set lower in the terrain. This 3 bed, 1 bath property is close to schools, shopping centers, and recreation facilities.
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222 Hale Kai St
Kihei
$599K (FS)
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This property features an open floor plan, plenty of natural light, 3 beds, and 2 baths. The single story home is on a level lot that backs up to a greenbelt area. Enjoy a long driveway with plenty of room for parking. This home also feaures a separate laundry room, and a new roof which was installed in 2016.
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3506 Baldwin Ave
Makawao
$799K (FS)
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Located at the top of Baldwin Avenue, the North Shore’s prime meridian, this fully restored Maui plantation home reflects a charming aesthetic and character iconic to the style and feel of historic Makawao town. A picturesque 4 bed, 2.5 bath home that was professionally remodeled in 2017 for contemporary living. Renovations throughout the home include a rebuilt kitchen and bathrooms, a new roof, windows, interior walls, interior & exterior paint, flooring, a wood burning stove, energy efficient light fixtures and lovely landscape enhancements.
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Vacation Condos Over $1M
Honua Kai - Hoku Lani #SR 834
Kaanapali
$1,295,000 (FS)
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Hokulani 834 is a spacious 2 bed, 2 bath home in the beautiful Honua Kai Resort. This home offers the best of luxury living with privacy in location. Enjoy expansive West Maui Mountain views and resort views from the lanai. Honua Kai Resort rests just steps from Kaanapali’s North Beach. Bask along the sandy shores or jump in and enjoy the ocean. Honua Kai offers a one of a kind aquatic playground which includes 3 pools, a kids pool, and a lazy river pool.
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Kapalua Bay Villas II #15B1-2
Kapalua
$1,495,000 (FS)
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This 2 bed, 3 bath villa in building 15 of Kapalua Bay Villas has outstanding views from the spacious lanais on two levels. The lanais have been enclosed so you can whale watch or look out at the island of Molokai and Hawena Point. This unit is just a short distance from the beach at Oneloa Bay or walk to the Montage for lunch, dinner or a spa treatment. Kapalua Bay Villas features 16 acres of prestine grounds and fronts the coastline of Kapalua.
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Wailea Beach Villas #E-101
Wailea
$4,250,000 (FS)
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Own a piece of Wailea's most celebrated property. Voted as the number 1 Resort in Hawaii by Conde Nast Traveler. Lounge in your own plunge pool, or in your private yard. Pick your private chair at either of the pools on the property, or better yet let the beach staff situate you right on the beach and let your feet dangle in the sand. This 3 bed, 3.5 bath unit has been gently used in that it has never been rented and enjoyed infrequently by family only.
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Wailea Point I II III #802-804
Wailea
$5,999,999 (FS)
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This is the only Wailea luxury 4 bed, 6 bath condominium currently available offering a living area with an office, media room, six lanais and a two car garage. Simplify your life by combining the spacious luxury of a residence with the "lock & leave" convenience of a completely remodeled double condominium. Perfect size and location for large family, multiple families, business associates and/or a corporate retreat.
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Vacation Condos Under $1M
Hono Kai #B13
Maalaea
$375K (FS)
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A well appointed turn-key, 1 bed, 1 bath beach condo located in one of only two complexes in Maalaea with direct sandy beachfront. The Hono Kai resort is located on the west end of one of Maui's longest beaches. This second floor, corner unit has additional side windows in the hallway and bath areas to bring in additional natural light and has a nicely updated kitchen and bathroom.
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Kihei Resort #203G
Kihei
$540K (FS)
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Welcome to Kihei Resort, a small boutique complex located in sunny South Maui. Overflowing with lush landscaping and water features that create a private and quiet atmosphere. This timelessly remodeled 2 bed, 2 bath unit features vaulted ceilings and sky lights to allow the sunshine in and make this unit feel more like a home than a condo.
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Palms at Wailea I #501
Wailea
$949K (FS)
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A unique unit with a private and quiet location in the desirable Palms at Wailea. This condo offers 2 beds and 2 full bathrooms. It has views overlooking the expansive and well-manicured tropical garden, with partial ocean views from the living room, and a spacious lanai where you can BBQ. It is equipped with an updated split AC system, with individual controls, for both bedrooms and the living room.
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Wailea Ekahi I #39D
Wailea
$995K (FS)
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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. This open floor plan provides mahogany trimmed built-in sofa & end tables in the living room, handmade mahogany plantation shutters, double zone central A/C, custom stacking lanai & kitchen sliders, and travertine & edge-grained bamboo wood floors.
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Residential Condos Over $1M
Vintage at Kaanapali #28
Kaanapali
$1,425,000 (FS)
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Enjoy exceptional views from this spacious 3 bed, 3 bath home. A front line location overlooking the 10th green, lake, and the tee box for the 11th hole at the Kaanapali Kai golf course. This is one of the very best locations and floor plans in the Vintage. This is the preferred "B" floor plan, all on one level, with 2 master suites in the front, separated by the the large living area, all of which offer tremendous ocean, golf course and sunset views.
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Keala O Wailea #104
Wailea
$1,475,000 (FS)
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A brand new and spacious 3 bed, 2 bath ground level, corner residence in Keala O Wailea. A 230 sf. covered lanai opens up to a lush green lawn, beautifully landscaped grounds, golf course and panoramic ocean and outer island views. Contemporary lines, lighting fixtures, and fine materials throughout combine to create a modern residence with gorgeous island views.
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Residential Condos Under $1M
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Harbor Lights #C116
Kahului
$141K (FS)
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Great value for this 2 bed, 1.5 bath ground floor unit with tile flooring throughout. Centrally located within walking distance of the shopping center, harbor, and college. Complex features an in-ground pool and BBQ area. Unit comes with 1 reserved parking stall.
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Keonekai Villages #27-206
Kihei
$399K (FS)
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A garden oasis available at Keonekai Villages. This clean and bright 2 bed, 2 bath unit sits in a very peaceful garden area of the complex, away from the parking lot and surrounded by lush, mature landscaping. Sold furnished and ready for you to call it home. As an added bonus there is an avocado tree just steps from the front door.
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Milo Court at Kehalani #57
Wailuku
$618,500 (FS)
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Milo Court is part of the Kehalani planned community & offers newer constructed 3 bedroom, 2 & 2.5 bath units located just minutes outside of Wailuku town, the business hub of Maui. This semi-attached unit offers an incomparable location immediately across from the community park & features satisfying West Maui Mountain & Haleakala views.
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Gardens Upcountry #5
Pukalani
$639K (FS)
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A rarely available 2 bed, 2 bath unit at the Gardens Upcountry. This tranquil complex is tucked away off Makawao Ave and is a true hidden treasure. Enjoy tons of natural light from the abundance of living room windows and vaulted ceilings. The ground level features the living room, open kitchen with island, dining area with custom dining table and a half bath.
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821 Auwaha St
Haiku
$425K (FS)
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This is one of Haiku's newest subdivisions located within walking distance of the town center, shops, restaurants and the post office. Build your dream home here! Just over 1 acre of land situated near the center of the subdivision with the added privacy of an open greenway buffer on one side and set back off the main road. Includes one private water meter.
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