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Aloha Valued Subscriber
Market Update
Activities in the remodeling and home improvement economic sectors have been increasing throughout the year. The leading indicator of remodeling activity report anticipates a 6.3% increase in spending in the fourth quarter of this year. This growth is anticipated to continue to spike through to the fourth quarter of 2018 to a 7.7% increase in renovation spending.
As homeowners gain equity they invest into their homes which as the below infographic shows increases their enjoyment and desire to remain in their homes as well as gives a feeling of accomplishment and pride of ownership.
For resale value the Realtor Magazine top ranked interior projects are kitchen and bathroom renovations. The top exterior projects for resale are new roof, vinyl windows and a new garage door.
Lindsey for The Smith Team
Ken, Melissa, Greg and Lindsey
P.S. - A powerful thunderstorm hit Maui last night and caused a nearly island wide power outage and several road closures. Maui Electric and county workers have been working hard all day and now power is restored to most of the island.
Melissa Smith R (B), Ken Smith R (S), Gregory Smith R (B), Lindsey Taylor R (S)
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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492 (261)
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232 (42)
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1117 (253)
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+6 |
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Condos
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639 (178)
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280 (31)
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1402 (180)
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+12 |
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Land
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321 (127)
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55 (9)
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215 (16)
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-4 |
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Total
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1452 (566)
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567 (82)
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2734 (449)
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+14 |
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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
Homes Under $1M
537 West Papa Avenue
Kahului
$505K (FS) |
Nice little starter home in Central Maui. Conveniently located near schools, parks, golf course, shopping, public bus and more. This 2 bed, 1 bath home sits on just over 5,000 sq ft of land with plenty of room for gardening and parking.
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852 Malulani Street
Kihei
$600K (FS) |
Located on a beautiful, tree lined street in the Piilani Villages, Phase I subdivision is this single level home. Featuring 3 bed, 2 baths, a 16 panel owned photovoltaic system and central AC.
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540 Halalai Place
Kihei
$600,950 (FS) |
Bank Owned - Enjoy the quiet privacy that this end of the cul-de-sac home offers in the Ka Ono Ulu neighborhood with ocean and mountain views. This 3 bed, 2.5 bath home is on a large lot and conveniently located in northern Kihei and just a short walk to the beach.
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603/ 605 Maalo Street
Kahului
$649K (FS) |
Older 3 bed, 1 bath and enclosed family room wood frame main house plus a detached hollow tile/stucco 1 bed, 1 bath cottage on 9000 sq ft located across from Lihikai School. Terraced backyard has ample room for gardening.
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661 Kauhikoa Road
Haiku
$779K (FS) |
Privacy and convenience in the dryer side of Haiku with great ocean view. Just three minutes to Haiku town this property is bordered by large parcels and a forested gulch with only one house in sight. Recently remodeled bathroom and kitchen with granite counter tops, gas range, new cabinets, vinyl windows and stainless steel appliances. This custom two level, 3 bed, 2 bath home is turn-key.
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246 Ehilani Street
Pukalani
$998K (FS) |
Beautiful coast-to-coast views are yours from this large 2-story, impeccably maintained home on a huge 1/2 acre corner lot in Upper Pukalani. Enjoy the rental income from the well-kept, detached 2 bedroom cottage with its own entrance off Honokalani St.
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Vacation Condos Over $1M
Wailea Elua #2105
Wailea
$1.419M (FS) |
Beautiful ocean and sunset view from the expansive lanai that reaches across the living room and master bedroom of this rarely available 2 bed, 2 bath residence.
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Montage Residences #2204
Kapalua
$3.25M (FS) |
Montage Residences Kapalua Bay. A truly one-of-a-kind opportunity to own a fully furnished 3 bed, 3.5 bath home along the West Maui shoreline, steps away from the white sandy crescent of Kapalua Bay, with panoramic ocean views framed by the neighboring islands of Molokai and Lanai.
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Vacation Condos Under $1M
Kaleialoha #116
Honokowai
$299K (FS) |
This 1 bed, 1 bath is a corner unit on the ground floor offering more light and cross breeze through the unit. There is a nice lawn area to sunbathe and read your books out by the ocean.
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Kaanapali Shores #432
Kaanapali
$329,999 (FS) |
Kaanapali Shores 432 offers granite counter tops in the kitchen and bath, custom cabinetry, spacious kitchen counters and all the comforts of home. If you are looking for incredible value on Maui's West Side, chose the Aston Kaanapali Shores Resort. This popular 10-acre condominium hotel boasts two swimming pools, two spa pools, saunas, fitness center and tennis courts and a Pickle ball court.
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Grand Champions #125
Wailea
$569.9K (FS) |
This fabulously remodeled 1 bed, 2 bath condo is what you have been waiting for. Conveniently located on the ground floor, you enter the space and immediately feel a sense of calm and relaxation. The light tones throughout combined with the lush tropical setting provide a welcome atmosphere for your getaway.
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Maalaea Kai #307
Maalaea$629,950 (FS)
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Beautiful Maalaea oceanfront property with stunning ocean views. Convenient location, close to Maalaea Harbor, restaurants and shopping. Remodeled throughout in 2015. This 2 bed, 2 bath unit has a strong vacation rental history.
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Polynesian Shores #212
Kihei
$699K (FS) |
Enjoy these huge ocean views from the kitchen, living room and lanai of this remodeled 2 bed, 2 bath two story, furnished condo.
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Kapalua Ridge #714
Kapalua
$899K (FS) |
Overlooking the 6th tee and fairway of Kapalua Bay Golf Course, this 1 bed, 2 bath furnished condo has expansive ocean views and mountain views.
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Residential Condos
Puuone Hale Alii #107
Wailuku
$155K (FS) |
Bright and beautiful ground floor 1 bed, 1 bath unit in central Wailuku! Just remodeled with too many upgrades to list, schedule a viewing to see them all. You'll love the comfort and location of your updated new home with Haleakala and West Maui Mountain views.
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Keonekai Villages #14-107
Kihei
$275K (FS) |
Bottom floor priced to sell unit with a great location. Keonekai Villages unit #14-107 is a 2 bed, 1 bath gem. Very close to beautiful Kamaole beach III, restaurants and great hotels. BBQ area and picnic tables are onsite.
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Kalama Kai #106
Kihei
$489K (FS) |
New affordable condominium community in South Kihei, Kalama Kai. Conveniently located in the very heart of Kihei and just 200 feet from Cove Park, this well-designed, 3-story complex is amenity-rich. The 3 bed, 2 bath units have an open living/dining area, approximately 844 sq ft or 977 sq ft interiors, and covered lanai of approximately 65 sq ft.
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Vacant Land
0 Hookili
Haiku
$395K (FS) |
Looking for that country living? Build your main house on this 1.257 acre CPR property in the Peahi Hui agricultural subdivision in Haiku. Underground utilities with ocean and mountain views make this both affordable and desirable. Easy access to Hana Highway allows for quick trips to shops, restaurants and beaches of Paia.
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