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Aloha
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In this newsletter:
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Kapalua Plantation Golf Course
410 Namalu Place
Kapalua
$13.85M (FS)
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February Market Report 2024
Recent trends persist for the overall Maui real estate market as single-family home sales continue to increase while the condo market remains mixed when it comes to sales activity.
SINGLE-FAMILY HOME TRANSACTIONS
In February, 67% of single-family homes sold for less than their asking price. Among these, the average reduction was 6%, equating to $136,000. More significantly, properties sold below asking price stayed on the market for an average of 48 days longer than those that sold at or above their listed price. This underscores the importance of accurate pricing to attract buyers and secure a timely sale. It is also important to note that the median sales price has increased 17% from February of last year.
CONDOMINIUM TRANSACTIONS
Even though median sales prices and total sales have slipped for the third consecutive month, the median days on market for condos across Maui have reached a rapid pace of 55 days — the fastest in over a decade. The areas of Kihei, Napili, and Kahana are leading sales activity, accounting for 70% of total condo sales last month. As mentioned in last month's report, efforts to provide long-term housing solutions for those displaced by the Lahaina fires are expected to introduce volatility into the market.DOWNLOAD THE REPORT
Mahalo Nui Loa,
Ken Smith R(S), Melissa Smith R(B), Gregory Smith R(B)
The Smith Team
Market Watch
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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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261 (220)
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138 (100)
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745 (495)
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+12 |
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Condos
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424 (246)
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181 (105)
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994 (346)
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+8 |
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Land
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159 (79)
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31 (4)
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173 (78)
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+1 |
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Total
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844 (542)
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350 (209)
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1912 (919)
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+21 |
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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 the number of active listings from the previous week.
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Homes Over $1M
2835 Kaupakalua Road
Haiku
$1.05M (FS) |
This amazing single-story plantation home was complety rebuilt in 2014 and renovated in 2024. Setting on 39 acres with a 1,536 square foot barn/garage with space for a cottage. A completely new kitchen with shaker cabinets, stainless steel appliances, and quarts countertops. Lots of tasty improvements include new waterproof plank flooring with fresh paint, modern bathroom, and neutral colors.
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30 Koki Place
Kihei
$1.28M (FS) |
This property offers a flexible floor plan in the main house and a detached cottage, making it the ideal place for extended family or rental income. The house is currently set up as a 3 bedroom, 1 bathroom upstairs with nice west Maui mountain views that provide a slight ocean view. Downstairs offers a mother in-law suite with small kitchenette and extra living space.
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39 Pua Niu Way
Launiopoko
$2.895M (FS) |
Prepare to get wowed throughout the entire viewing of this spectacular home, built on CPR lot. Attention to every detail is meticulous. With both Pacific Ocean and West Maui mountain views, this beautifully maintained landscape is atropical dream come true. As you enter the front door, you are greeted with vistas of green lawns, tropical plantings, a pool and spa.
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83 Lau Niu Way
Launiopoko
$4.5M (FS) |
This stunning property boasts breathtaking ocean and multi-island views that will leave you in awe every single day. As you step onto this private lot, you'll immediately notice the lush tropical landscaping that surrounds you, creating a serene and tranquil ambiance. The open-air concept of this home invites the refreshing island breeze to flow freely throughout.
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Homes Under $1M
70 Moani Place
Wailuku
$799.9K (FS) |
This charming 3 bedroom 1939 sugar plantation home, nestled on a quiet side street, offers unparalleled convenience with schools, medical facilities, shops, and restaurants all within walking distance. With parking for 3 cars, this gem stands out in urban Wailuku. The open floor plan boasts built-in shelving and hutch, a huge kitchen, ample pantry space, and an indoor laundry room, ensuring both style and functionality.
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27 Maha Road
Makawao
$850K (FS) |
Welcome home to comfortable and easy upcountry living. This charming CPR residential condo presents a wonderful opportunity with its 3 bedroom 1 bathroom layout, making it an deal choice for those seeking a starter home or a peaceful retirement retreat. Conveniently situated just minutes away from both Makawao Town and Pukalani, this property offers the best of upcountry Maui living.
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156 Tam Yau Place
Makawao
$850K (FS) |
The property features newly built retaining walls that aren't just functional, they're stylish too. And gardening enthusiasts, get ready to be wowed. Both the front and back yards are perfectly leveled and ready for you to create your own lush, bonatical oasis. But the cool factor doesn't stop there. This home is eco-friendly too, with 15 photovoltaic solar panels soaking up that glorious Hawaiian sunshine with Tesla Powerwall battery.
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Vacation Condos Over $1M
Kihei Akahi A-105
Kihei
$1.4M (FS)
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Rarely does the opportunity present itself to own a front-row unit in one of the most desirable complexes in all of Maui. The opportunity is now. This exceptional 2 bedroom, 1.5 bathroom unit boasts 1,174 square feet of living space and has been tastefully updated with hardwoods floors, a tile shower, split level A/C thoughout.
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Grand Champion 21
Wailea
$1.645M (FS)
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Experience the allure of this exquisite 2 bedroom, 2 bathroom condominium. Boasting a tranquil garden panorama. Awaken to the enchanting melodies of birdsong as you indulge in your morning coffee on the lanai. An unparalleled opportunity awaits investors, as this gem is nestled in a condominium area ripe for vacation rentals. Revel in the unique versatility of this lock-out condo.
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Papakea Resort D-403
Honokowai
$2.1M (FS)
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A rare top-floor, ocean view, newly renovated 3 bedroom, 3 bathroom residence is now available at Papakea Resort. Is an elegant, updated home with the perfect combination of modern design and coastal decor. This beautifully remodeled home feature impeccable furnishing, luxurious quartz countertops, high-end fixtures.
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 Makena Surf C-201Makena
$4.95M (FS)
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Rarely offered, this furnished, top-floor end unit features stunning panoramic ocean views and is just steps from the sand. Fully remodeled, this 1600 square foot condo features 2 bedroom, both with ensuite bathrooms, a rarity at Makena Surf. Both bedroom have king size beds and refined Hawaiian furnishings, high-end art, and tasteful decor.
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Wailea Beach Villas K-208
Wailea
$8.245M (FS)
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Adjacent to the Four Seasons & Grand Wailea, in Maui's resort climate zone, hardly a better location exists. Unit is an Ocean & Outer Island View, 3 bedroom 3 bath, 2,892 s.f., penthouse with an additional den/office that easily converts to a 4th sleeping area. Elevator access is electronically secure. The main ocean view lanai & BBQ area & the rear outside dining lanai area add approx. 1000 s.f. of seamless indoor/outdoor living.
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Vacation Condos Under $1M
Paki Maui 311
Honokowai
$630K (FS) |
This four-story tall concrete building is served by two large elevators. Enjoy beautiful mountain views while walking in the hallway that leads to the entry door of the unit. Cross the street to browse the Farmers Market, local shop, spas, and diversity of restaurants catering to all tastes. Feel inspired walking into unit 311, which has been the residence of award-winning artist Anita Marci for almost 20 years.
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Kaanapali Shores 836
Kaanapali
$810K (FS) |
Enjoy a stunning ocean views across the blue Pacific. Your lanai is the perfect spot for morning coffee and whale watching. This unit will sleep four with its high-end sofa sleeper. It has full kitchen with full size stove, oven and dishwasher. The cabinetry is all solid wood, topped with high quality granite. The dressing area and bathroom also feature high quality finishes, with a large, well-lit dressing mirror over a granite countertop.
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Residential Condos Over $1M
Wailea Town Center C-203
Wailea
$2.75M (FS)
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This exquisite 3 bedroom, 3 bath condominuim boasting ocean views from the main living area, kitchen, and primary bedroom creates the ideal setting for your primary vacation home or investment. Upon entering, you are greeted by the warmth of beautiful Patagonian rosewood flooring that seamlessly flows throughout the spacious interior.
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Wailea Point 901
Wailea
$6.695M (FS)
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This 3 bedroom, 4 bath, two-level, 2554 s.f. ocean and West Maui mountain view home features custom designer finishes and masterful architectural details throughout. Everywhere you look, the quality of the materials and attention to detail are exhilarating.
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Residential Condos Under $1M
Harbor Lights A-225
Kahului
$285K (FS)
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Remodeled 2024, this unit welcome you with an inviting open floor plan featuring new cabinets, stainless appliances, doors, ceiling fans, and a tiled walk-in shower. Residents enjoy access to a courtyard, an in-ground pool, a BBQ area and gated resident parking. Positioned in the heart of Kahului.
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 Puuone Towers and Plaza 216
Wailuku
$395K (FS)
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This complex offers a blend of modern living and island charm in the heart of Wailuku. Step into this 2 bedroom, 1.5 bathroom unit and be greeted by breathtaking views of the majectic West Maui mountains and the North Shore. Relax and unwind on your private lanai as you back in the gentle Hawaiian breeze and soak in the stunning panoramic vistas.
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Iao Parkside 2-203
Wailuku
$620K (FS)
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This well maintained complex in Wailuku. This beautiful second-floor 2 bedroom 2 bath unit is a short walk to Papohaku Park, has two parking stalls conveniently located right in front, and lovely cool breeze.
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Vacant Land
165 Welau Way Lot A-9
Kaanapali
$719K (FS)
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This Pacific Ocean and West Maui Mountain view lot is ready to be built on with plans and permits near ready to be approved. The level ground topography makes this parcel shovel ready. The home site and plans allow for a large 4,500 sqft residence up to two stories including ample landscaping and full-size pool and spa. The parcel is approximately 10,574 square feet.
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