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Aloha Valued Subscriber
Market Update
January 2018 housing statistics are in and they show continued low inventory and rising home prices. The median Maui home price last month was $710K, a 7.1% increase over the same time last year. Wailuku showed a particularly large increase in median home prices to $610K, 19.7% higher than the same time last year.
Inventory showed a 12.9% decline from January 2017 to 525 single family homes listed. There were 656 condos listed last month, a 24% decrease. The number of new single family home listings last month dropped 16.6% to 131 new listings compared to January of last year. New condo listings increased 12.2% with 193 new condo listings being listed last month.
The amount of closed home sales increased 30%, with 86 homes closing in January. Closed condo sales were also up 27% with 120 condos closed. 96.9% of closed homes received their list price and 97.2% of condos received list price.
Have a wonderful week!
Ken, Melissa, Greg and Lindsey
P.S. - Happy Valentines Day! Make your reservations now at any one of Maui's many wonderful restaurants as they will get booked up. Check out Maui's Sweetheart guide with a list of restaurants offering Valentine specials.
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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510 (313)
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230 (51)
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1137 (260)
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-6 |
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Condos
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668 (191)
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304 (48)
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1497 (205)
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+11 |
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Land
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363 (161)
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38 (12)
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234 (24)
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+3 |
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Total
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1541 (665)
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572 (111)
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2868 (489)
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+8 |
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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.
Maui Real Estate Statistics
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Homes Over $1M
3286 Kehala Drive
Maui Meadows
$1M (FS) |
This is a very large home with a permitted detached Ohana in Maui Meadows, Maui. Home features 8 bedrooms, 4 baths, 2 large kitchens, 4 living areas, 6 Lanai's all in the main home with an oversized 2 car carport. Separate driveway, entrance and carport for the 1 bedroom, 1 bath ohana.
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33 North Piki Place
Kaanapali
$1.25M (FS) |
This elegant 2 story traditional, 3 bed, 3 bath home is perched on a raised lot at the end of a cul-de-sac offering privacy from the street.
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 381 Pualoa Nani Place
Wailea
$1.545M (FS) |
Tucked in a cul-de-sac in highly desirable Wailea Pualani Estates, this contemporary 4 bed, 3 bath home features an open floor plan with great flow, abundant natural light, and a seamless indoor/outdoor living experience that embraces the essence of Maui's outdoor lifestyle.
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15 Lahaole Place
Kahakuloa
$2.3M (FS) |
This superb home has approximately 9,400 sq ft under roof including outdoor living spaces for entertaining. There is 6,320 sq ft of living space on this extraordinary property, including a detached 2 bed, 1 bath Ohana and a separate and detached Mother-in Law unit. From the moment you escape to this incredible luxury home and gasp at the truly breathtaking views, you will fall in love with this magnificent property.
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Homes Under $1M
Vacation Condos Over $1M
Napili Point #C-40
Napili
$1.049M (FS) |
This 2 bed, 2 bath ocean front condo has spectacular views of Lanai, Molokai and over looks Honokeana Cove, one of the best snorkeling spots on Maui. Watch turtles from the private lanai or wander a few steps to the cove and swim with the turtles. The condo is tastefully furnished with upscale furniture.
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Grand Champions #72
Wailea
$1.05M (FS) |
If you are looking for the best views Grand champions has to offer, you just found it. This beautiful 3 bedroom unit has new cabinets and countertops in the kitchen, new cabinet faces in the bathrooms, and beautiful sculpted carpeting in the living room, hall and bedrooms.
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Wailea Ekahi #18E
Wailea
$1,058,999 (FS) |
Beautiful 1 bed, 2 bath condo with a big ocean view and West Maui Mountain views. The front door is about a two minute walk to one of the finest beaches in Hawaii: Keawakapu Beach.
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Wailea Beach Villas #M111
Wailea
$2.239M (FS) |
This 2 Bed, 2 Bath plus Den (3rd sleeping area) provides partial ocean views from the single level ground-floor villa-unit of the Penthouse Building. This spacious open floorplan with large gourmet kitchen, great room, a versatile den/office with murphy bed, gifting the comfort of a 3rd bedroom.
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Wailea Point #1804
Wailea
$3.5M (FS) |
Only a short stroll across putting green-type lawn to Wailea's world renowned Polo Beach. Near-oceanfront residence sits 42 feet above the sea. An unbelievably private setting, facing Molokini Island. This 2 bed, 3 bath condo has been remodeled with marble floors, new cabinets, countertops, fixtures, appliances and modern lighting.
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Wailea Point #602
Wailea
$3.65M (FS) |
Stunning, direct oceanfront 2 bed, 2 bath residence facing southwest toward Molokini Island, just 75 feet from the shoreline. Lots of sun and protected from the trades. Upstairs unit sits comfortably above the oceanfront path. Magical location amongst Wailea Point's gorgeously maintained gardens.
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Vacation Condos Under $1M
Kihei Resort #109
Kihei
$330K (FS) |
This well established complex is on the more Northern side of Kihei, across the street from Kalepolepo Beach. Lush landscape and water features begin to sooth the mind as you walk into your ground floor 1 bed, 1 bath unit.
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Hale Kamaole #117
Kihei
$429K (FS) |
Wonderful Hale Kamaole ground-floor, 1 bed, 1 bath unit, right across the street from Kamaole II Beach Park. Perfectly positioned, very close to the beach, but far enough away to avoid road noise.
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Kamaole Sands #5-401
Kihei
$650K (FS) |
Top floor, penthouse end unit of Building 5 with ocean and Haleakala views. This 2 bed, 2bath unit sleeps 7 lucky guests, with Queen sofa sleeper, Queen bed and Twin bed in main floor bedroom, and King bed in the Loft bedroom.
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Nohonani #401
Honokowai |
Watch the whales and sea turtles right from your lanai. This private 2 bed, 2 bath prime top 4th floor location is direct oceanfront, located on a white sandy beach and faces due west with fabulous sunsets and views of the islands of Molokai and Lanai.
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Residential Condos
Puuone Towers and Plaza #407
Wailuku
$212.5K (FS) |
Bank Owned - Here's a fabulous opportunity to purchase an adorable 2 bed, 1.5 bath condo in a complex approved for VA and USDA. Perfect location, near restaurants, shopping and schools. This building has a secured entry and a pool including a BBQ grill for pool side parties. There is an ocean view from the lanai as well as the west Maui mountains.
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Iao Parkside #31-203
Wailuku
$329K (FS) |
Newly remodeled 2 bed, 2 bath conveniently located in the heart of Wailuku. Brand new flooring, brand new Appliances and brand new fixtures.
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Kihei Villages #15-104
Kihei
$360K (FS) |
This charming 2 bed, 2 bath ground floor Kihei Village unit has been fully remodeled from head to toe. You will find fresh white modern kitchen cabinets with luxurious granite counter tops, pendulum lighting and all new appliances.
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Kihei Shores #I-201
Kihei
$375K (FS) |
Bank Owned - Corner unit overlooking all the roof tops with good views of McGregor's Point and ocean. Located within a small six unit building on the South side of the complex with the option of adding a side window with association approval. There are limited opportunities within this complex to purchase a 3 bedroom top floor corner unit.
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Vacant Land
189 Welau Way
Kaanapali
$399K (FS) |
Ocean view Summit lot 12 offers a fabulous building site with sunset views from this quiet cul-de-sac location. This quarter acre lot is of great value for the Buyer wanting to build their dream home. Gated the Summit is located in an excellent neighborhood strategically located above the Kaanapali Resort with great beaches.
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30 Kamila Street
Kula
$450K (FS) |
Beautiful large lot for your dream home. On a good day, you are nestled at the slopes of Haleakala. Raise fruit trees, live off the land with your own vegetable garden.
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