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Aloha
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In this newsletter:
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Pono Kai'a, Exclusive Makena Estate
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Market Update
As anticipated, the Maui real estate market continues to be red hot, with steady and strong growth in total sales and the median sales price for both single-family homes and condos when compared to March 2020, the start of the COVID-19 pandemic. With a continuous lack of available inventory on the market, current conditions continue to favor sellers.
In March 2021, the median sales price for a single-family home was just shy of $1,000,000. Even with rising prices, homes are selling 9.7% faster, with 1-in-every-4 homes being sold above the asking price. We are happy to help buyers get ahead of the competition, have financing sorted, and be ready to move quickly.
Much like single-family homes, competition remains fierce amongst condo buyers. In total, 40% more condos sold last month vs. the same month last year. The median sales price for condos increased an astonishing 25% led by Maui’s south and west market areas. For a 2-bedroom, 2+ bath condo, the median sales price island-wide was $800,000 a 13.3% increase from March 2020.
The above information has been obtained by our CBIP marketing department. To get the full March 2021 Maui Market Report, click on this link.
Mahalo Nui Loa,
Ken Smith R(S), Melissa Smith R(B), and Gregory P Smith R(B)
The Smith Team
P.S. - The State of Hawaii only accepts pre-covid test results from one of Hawaii's trusted travel partners. See below link to find out more information.
https://hawaiicovid19.com/travel-partners/.
A negative COVID-19 test result is required prior to departure to avoid quarantine in Hawai‘i. Please watch this great informative video prior to traveling to Hawaii.
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Active |
Pending |
Sold |
Change |
| Homes |
197 (150) |
291 (139) |
1123 (400) |
-4 |
| Condos |
309 (82)
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466 (95) |
1484 (344)
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-27 |
| Land |
183 (78) |
103 (31) |
284 (48)
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-3 |
| Total |
689 (310) |
860 (265)
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2891 (792) |
-34 |
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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
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$1.275M (FS)
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At 2844 Ohina Street, one will find the tranquility and peace at home throughout the interior with the use of space having the 3 separated bedroom and bathroom suites (master bedroom, 2nd level guest bedroom, and attached in-law ensuite). This large home also includes 2 additional bedrooms and bathrooms. Attractive features of this home include high ceilings, ample deck spaces, and a top deck that offers expansive ocean views.
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$2.675M (FS)
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Spacious 3,800+ sq. ft. oasis with panoramic ocean views, tranquil in ground pool with resort like tropical surroundings, and a detached ohana thoughtfully located to optimize privacy. The flexible floor plan main home, large 1/2 acre lot with plentiful fruit and palm trees, and 2 bedroom, 1 bathroom detached ohana combine for a rare South Kihei opportunity.
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$4.9M (FS)
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Swaying palms and brilliant blue seas beckon from the living room, master bedroom, and kitchen in an offering that combines tropical ocean front living at the widest and most desirable section of Halama Street's "Secret Beach," with a rare vacation rental zoning variance that bypasses requirement for a new permitting process. Spacious and open single level floor plan, with two expansive master suites and a spacious third bedroom.
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Homes Under $1M
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The home is on an attractive corner lot and features a light and airy open concept with great indoor/outdoor living. The living area and wrap-around outdoor lanai offer peekaboo mountain and ocean views. There is a large carport with an outdoor laundry room, ample storage space throughout and additional parking.
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This property affords a stunning ocean view and has the potential to become something spectacular. If you're looking for the perfect place to build your dream home in a great neighborhood, this is the one.
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This lovely 3 bedroom, 2 bath Plantation era home sits at the top of a concrete driveway with unobstructed views of Haleakala and the North Shore. Thoughtfully landscaped with installed irrigation enhances the privacy. The beautifully upgraded kitchen has quartz counter tops. Enjoy the sweeping views of Haleakala and the Pacific Ocean past Kahului Harbor and up the North Shore of Maui.
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Located in a cul-de-sac in North Kihei, this split-level home offers massive potential with 3 bedrooms and 2 bathrooms upstairs, a large 1 bedroom, 1 bathroom downstairs, and an additional guest suite. With over 2,500 sq ft and a 2-car garage this home offers plenty of space. Find yourself surrounded by North Kihei’s resort area with Waipuilani Park, Keaka Beach, and Kalepolepo Fish Pond.
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Vacation Condos Over $1M
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Wailea Ekolu 502
Wailea
$1.25M (FS)
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Inspiration lives well at the Wailea Ekolu 502, where sky, sea, and the splendor of Wailea unfold across this exceptional 2 bedroom, 2 bath condominium. With panoramic ocean views, modern high vaulted ceilings, and an unrivaled central location, this condo has it all. Upon entering, you’re captivated by an inviting openness between the newly remodeled kitchen, dining, and living areas that flow seamlessly onto your spacious private lanai.
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 Mana Kai 404
Kihei
$1.65M (FS) |
Sitting on Keawakapu Beach,The Mana Kai has some of the best views on Maui. In addition to the view down the beach and outer islands, you also have a view of Haleakala! The location of unit 404 provides additional ocean view from the "B-unit", so both bedrooms have ocean views!
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Makena Surf C-206
Makena
$3.9M (FS)
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Perched on a small knoll with commanding views of year round sunsets, Lanai, West Maui Mts. this is the best Makena Surf has to offer! The owner has upgraded the unit with "timeless" improvements, custom German crafted cabinets, ceramic tile flooring, Fleetwood doors, beautifully crafted granite counter tops and automated blinds to name a few.
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Puamana 35-2
Lahaina
$1,289,500 (FS)
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Let me introduce you to 35-2, which is a sweet 2 bedroom, 3 bathroom townhome style floorplan that exudes a feeling of peace, joy, and aloha. The unit offers a spacious granite kitchen with all new appliances including a stove top with a burner auto shut off, a new a/c split system, new washer & dryer, new lighting, new sofa sleeper, ceiling fans, and carpet in bedrooms.
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Vacation Condos Under $1M
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Kamaole Sands 8-101
Kihei
$519K (FS)
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Gorgeous newly renovated 1 bedroom, 2 bath ground floor unit at Kamaole Sands located in South Kihei. This unit has an open kitchen and living room concept with laminate flooring throughout, updated kitchen with maple cabinets, tiled shower in the bathroom, washer/dryer in unit, and air conditioning.
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Maui Banyan H-212
Kihei
$538K (FS)
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Nestled across from Kamaole II beach, Maui Banyan is a highly desirable complex in south Maui. Boasting 2 pools, a tennis court & community BBQ's. This 1 bedroom, 2 bath unit is move in ready. Close to restaurants, shopping and world class beaches is only the beginning. Beautiful grounds, tradewinds and a sunset capturing peak-a-boo ocean view will have you feeling the island vibe.
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Hololani B-102
Kahana
$660K (FS)
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Welcome home to your beautiful oceanfront condo vacation home completely remodeled with beautiful ocean views. Take in the fresh ocean air as you relax on your lanai to the sounds of the Pacific Ocean. Ground floor allows for easy access to the pool and ocean views. The kitchen and baths have been fully remodeled with granite counter tops and tiled floors.
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Kihei Resort 129C
Kihei
$419K (FS)
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Don't miss this opportunity to invest in a nicely upgraded and well located one bedroom vacation rental condo on the ground floor. Fresh paint throughout, refreshed kitchen cabinets, all new stainless steel appliances, and brand new tiled shower. Full size washer and dryer and plenty of storage. Fully furnished and ready for a new owner, and / or guests.
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Residential Condos Over $1M
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Na Hale O Makena A-102
Makena
$2.395M (FS)
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Enjoy one of the sunniest year-round climates in all the Hawaiian islands in the exclusive neighborhood of Makena, South Maui. Na Hale O Makena is an excellent choice for those who will appreciate the ease of resort style living within a private community of only 40 apartment-style residences on 6+ acres of beautifully landscaped grounds.
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Wailea Fairway Villas A-103
Wailea
$1.195M (FS)
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The sense of spaciousness is found at every moment, from the prominent entry with sweeping stairs, to double size master bedroom with a framed Pacific profusion showcasing the changing nature of the Ocean. The ground level sets the tone for entertaining, here you will find one bedroom one bathroom, kitchen, living and dining area. An upper level unfolds to a master suite with ocean views, guest bedroom facing the mountain, bathroom and the den in the middle.
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Residential Condos Under $1M
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Maui Lani Terraces F-205
Honokowai
$295K (FS)
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This fee simple 1 bedroom, 1 bath, condo is well maintained and in good condition. The complex itself has an in-ground pool, barbeques and a rec. room behind the manager's office. Maui Lani Terraces is convenient to Honokowai Beach Park, several well known eateries, a food truck park, and stores.
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Masters 1707
Kaanapali
$888K (FS)
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The Masters at Kaanapali Hillside is a unique gated low rise residential condominium complex offering two pools, tennis courts and an owner's orchard complete with citrus trees and delicious grapefruits in season. Unit 1707 is a two-bedroom, two bath ground floor corner location with blue Pacific Ocean and gorgeous Maui sunset views towards a south westerly position.
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265 Uki Uki Loop
Kapalua
$750K (FS)
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Welcome to Mahana Estates, Kapalua's new luxury development of 51 estate lots perfectly situated between the grand West Maui mountains, Kapalua's Plantation Course, which is home of the PGA Tour, and the famous Flemings Beach. This lot is on an acre of spacious property with panoramic views of Molokai year-round.
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