Aloha
In this newsletter:
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Exceptional Oceanfront
In Spreckelsville
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Market Update
We have written many times on how the COVID-19 pandemic has touched almost every industry on Maui negatively. With that being said, however, there is no doubt that over time all of those industries will recover and even grow significantly in a post-pandemic Hawaii as tourism begins to flourish once again. One industry that held steady during the worst months of the Hawaii lockdown was real estate, and as the state began to slowly open up again for travel from the mainland the industry started to boom. Even by pre-pandemic standards, the real estate market on Maui is wildly active and extremely competitive at the moment, with many properties, especially single family homes, receiving offers within a couple of days of being listed.
Many prominent figures in the Maui real estate industry predicted that the market would experience a ‘V-shaped’ recovery, and so far those predictions have turned out to be true. As of March 6th. there were 828 pending sales across all property types (condo, single family, and vacant land) in all areas of the island. For some perspective, in February of last year there were 634 pending sales, which was considered unusual even then.
We continue to look forward to the future of the real estate market on Maui, and celebrate the continued economic growth throughout Hawaii. To read more about the real estate industry boom you can check out the full article here.
Mahalo Nui Loa,
Ken Smith R(S), Melissa Smith R(B), and Gregory P Smith R(B)
The Smith Team
P.S. Anuhea at Kehalani is a beautiful new development being built in Wailuku. Towne Island Homes, the builder on the project is about to announce Phase 3, which will feature 5 single family floor plans from 1,529 - 1,998 sf. All floor plans will be 3 bed, 2 bath with a 2 car garage. To check out renderings of the floor plans, click here.
Phase 3 will be sold entirely by lottery, so please see the details below:
◻ Price information, lottery application and instructions will be available on the website on Monday, March 15.
◻ Lottery application Deadline: Saturday, March 20
◻ Phase 3 Lottery day is Monday, March 22 and will be a closed event.
◻ If you have not done so already, we encourage you to get pre-qualified with one of the project pre-qualification lenders prior to March 15!
◻ Call Sales Office with any questions.
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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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200 (155)
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281 (120)
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1092 (371)
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-7 |
Condos
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462 (124)
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421 (101)
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1381 (294)
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-33 |
Land
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203 (79)
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106 (33)
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251 (41)
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-8 |
Total
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865 (358)
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808 (254)
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2724 (706)
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-48 |
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
3175 Ua Noe Pl
Haiku
$1,125,000 (FS)
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Want to live near the beach, schools and one of the best breakfast places on Maui? This spacious 2,600 sf. split-level 4 bed, 3 bath home features bamboo floors, granite countertops, large lanais, a small workshop off of the garage and custom accents.
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3149 Waakea Pl
Wailea
$1,535,000 (FS)
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Located just a short stroll from the gorgeous white sandy Keawakapu Beach, this thoughtfully designed, single level home is a private retreat for anyone seeking tranquility. The recently updated kitchen provides an excellent backdrop for entertaining guests. The home is ideally positioned at the end of a cul-de-sac within sought after Wailea Kai neighborhood.
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1190 Aina Mahiai St
Kaanapali
$4,399,000 (FS)
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Enjoy Maui living in this newly built Ka'anapali Coffee Farm home! Enjoy panoramic views of Lanai and Molokai that make every window a work of art. Minutes away from the world famous Ka'anapali Beaches. Take a golf cart ride to five-star shopping and dining at Whalers Village. This is a quiet, premier upper lot with 4 acres of gourmet, award-winning coffee surrounding a 3350 sf. main house and 998 sf. cottage.
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Homes Under $1M
2114 Milo St
Wailuku
$559,900 (FS)
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Bank Owned - This 4 bed, 1.5 bath home is very conveniently located in Wailuku close to shopping, parks and schools. Interior condition is unknown. This property is now active in an online auction.
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25 Leioni Pl
Kahului
$725K (FS)
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A must-see, well maintained, 3 bed, 1 bath property right in Kahului. Plus a bonus, the Fire Station is less than 5 minutes away (insurance break). There are also 2 permitted driveways, 1 from the front of lot, and a 2nd in the back of lot. There is a large garage with 2 Matson style containers that can park an RV, 30 ft. boat, or vehicle.
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230 W Papa St
Kihei
$825K (FS)
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Must see house and cottage located in central Maui! This property is great for investors or multi-families. County records may not match the actual floor plan. The main house is a 3 bed, 1 bath. The attached ohana is 2 bed, 1 bath and the detached cottage located behind the main house is a 2 bed, 1 bath with a separate driveway and parking.
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5122 Lower Honoapiilani Rd
Napili
$899K (FS)
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This amazing Napili home and cottage has never before been offered for sale. This is a longtime family home and cottage that has just become available in a great Napili location. Enjoy almost 13,000 sf. of land with some ocean views and a big potential for more ocean views. The home has had some electrical and plumbing upgrades but is definitely a fixer upper.
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Vacation Condos Over $1M
Wailea Ekahi I #24B
Wailea
$1.35M (FS)
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Located a short 5-minute walk to Keawakapu Beach, you will enjoy this spacious 1 bed, 2 bath, ground floor unit that was completely remodeled in 2020. With no expense spared, the modern interior has brand-new floors, paint throughout, added lights, a new A/C unit, and much more. The brand new full-size gourmet kitchen features quartz countertops and new stainless steel appliances.
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Puamana #254-4
Lahaina
$2.9M (FS)
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Puamana at its best! Enjoy a front row location with expansive ocean views from both of the unit's lanais. This well thought out 4 bed, 3 full bath condo has views from each of the bedrooms. The downstairs boasts a chef's kitchen, a living space that graciously opens to a spacious lanai for indoor/outdoor living, and 1 bedroom with an ADA accessible full bath.
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Wailea Beach Villas #510
Wailea
$4,595,000 (FS)
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A majestic ocean view location at Maui's award-winning beachfront vacation destination! Rarely do top-tier units like this come to market. This beautiful 2 bed, 2 bath floor plan with a den is minutes from the sand, and presents panoramic views of Wailea Beach, Molokini, Kaho'olawe, Lanai, West Maui and Haleakala.
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Vacation Condos Under $1M
Kamaole Nalu #402
Kihei
$685K (FS)
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This is a rare opportunity to own an outstanding, upper level, ocean view, 2 bed, 2 bath oceanfront unit at Kamaole Nalu located in South Kihei. This open floor plan has an updated kitchen with granite counter tops and newer cabinets, laminate flooring throughout, and an amazing tiled bathroom.
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Grand Champions #181
Wailea
$710K (FS)
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A fabulous ground floor location in Grand Champions. This spacious remodeled unit has granite counter tops, stainless appliances, beautifully upgraded tiled baths and split AC in the living room/bedroom. Enjoy a great location close to the quiet lower pool with easy access and no stairs. This well maintained condo comes fully furnished.
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Maalaea Kai #412
Maalaea
$725K (FS)
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Enjoy unobstructed oceanfront views for sunsets, whale and turtle watching, and boats coming in and out of the harbor. This is a top floor, 2 bed, 2 bath center unit with a loft. Being sold fully furnished and currently being used as a long term rental.
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Residential Condos Over $1M
Na Hale O Makena #F201
Wailea
$1,875,000 (FS)
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Perfectly situated just above the single story manager/concierge building, and facing due west, this 2nd story, 3 bed, 2.5 bath unit offers some ocean views along with the daily spectacle of sunset and the tranquility of this Makena location. Live the Makena lifestyle, walk to the beach, golf, close to shopping and gourmet dining.
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Residential Condos Under $1M
Puuone Terrace #305
Wailuku
$229K (FS)
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Enjoy the cool trade winds from this well-kept, third floor, 1 bed, 1 bath unit. The central location makes living convenient. On-site laundry facilities provided. This unit comes with one assigned parking stall.
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Puuone Hale Alii #205
Wailuku
$242,900 (FS)
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Bank Owned - Welcome to the convenience of Central Maui living. This 1 bed, 1 bath unit is full of potential and is craving a makeover. This is a great opportunity for a buyer to put their personal stamp on a remodel and really make this a home. The unit is presently in need of major work. It is being sold As-Is.
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300 Kalehua St
Makena
$3M (FS)
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A rare opportunity to own a piece of Old Hawaii. Kalehua O Makena, which consists of a low density 8 lot private enclave is steeped in ancient Hawaiian history. Makena, once home to one of the largest Hawaiian settlements still provides remnants of days gone by with ancient lava rock walls that border the property.
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