|
Aloha Valued Subscriber
Market Update
According to the Census Bureau data, for the first time in a decade, more new households chose to buy a home rather than rent one in the first quarter of 2017. Interestingly, about 854,000 new households purchased a home and only 365,000 new households chose to rent. New homeowners have not outpaced new renters since the 3rd quarter of 2006.
Economists say that an increase in new homeowners could signal a turnaround in the long-term decline of the overall homeownership rate.
Take a look at our market watch table below which shows that there is a decrease in active inventory this week in all sectors on Maui. We are beginning to see more young people deciding to become homeowners versus renting here on Maui due to the high price of our rental market.
Have a wonderful week,
Melissa for The Smith Team
Ken, Melissa, Greg and Lindsey
P.S. - Mother's Day is Sunday, May 14th. A great place to get your mother a gift is at the 44th Annual Seabury Hall Craft Fair which always takes place the day before Mother's Day. The event starts from 9 to 4 p.m. on Saturday, May 13th.
Melissa Smith R (B), Ken Smith R (S), Gregory Smith R(B), Lindsey Taylor R (S)
Market Watch
| |
Active
|
Pending
|
Sold
|
Change
|
|
Homes
|
553 (308)
|
262 (61)
|
1070 (228)
|
-1 |
|
Condos
|
717 (188)
|
273 (35)
|
1362 (172)
|
-41 |
|
Land
|
324 (124)
|
66 (17)
|
157 (21)
|
-4 |
|
Total
|
1594 (623)
|
601 (113)
|
2589 (421)
|
-46 |
|
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.
|
|
Homes Over $1M
807 Kupulau Drive
Maui Meadows
$1.6M (FS) |
This is a stunning 4 bedroom, 3 bath residence with a detached 2 bedroom, 1 bath cottage in Maui Meadows. There are high wood beam ceilings upstairs with an open concept floor plan. This reverse layout has the living room and kitchen area upstairs that lead to the large covered lanai. The master bath is beautifully remodeled with a steam shower and a jetted tub. The master suite, two bedrooms, and 1 additional bath are located upstairs. Downstairs there is a bedroom and bath with a wet bar area that is currently used as a mother-in-law suite. There are phenomenal ocean views from the roof top viewing deck of the main house. This is a great entertaining house with a large pool area. There are lots of fruit trees and a vegetable garden on the property. Both main house and cottage have owned solar PV and central A/C.
|
 1577 Halama Street
Kihei
$1.438M (FS) |
This property is located right across the street from the beach access on a coveted oceanfront street in South Kihei. There is a private lush courtyard that leads into the main living room, family room, dining & sun room areas. A one bedroom, one bath and artist studio is located downstairs. The master bedroom, bath has it's own private covered lanai upstairs, with two other bedrooms and an additional bath. The cottage has its own parking & is fully fenced. The refreshing in-ground pool & tropical landscape is fenced and located in between the main house & cottage.
|
205 Pua Niu Way
Lahaina
$4.45M (FS) |
Capture the moment! Walk into this gracious 4 bedroom home with a large great room , kitchen and living area. Look out to the curved pool and spa, ocean and islands for a fantastic view. Pocketing doors enhance the wide open views. There is a detached pool room or office that can also provide more private space. Each bedroom has its own bath for guests and family. The large master bath has a dual walk-in shower as well as an outdoor shower with lots of closet space. Brand new construction, this home is a must see. Sitting on 2.753 acres of land for the main house. The opportunity to purchase the adjacent 1.3 acres of land for a cottage is available for an added guest or extended family home if you want more room.
|
Homes Under $1M
3326 Mapu Place
Kahului
$998K (FS) |
Located on a private cul-de-sac, next to a lush tropical gulch, overlooking a spectacular ocean view, this house and cottage with a large in-ground pool, is a rare find. With over 900 sq. ft. of covered lanai, facing stunning ocean views, and a large pool and cabana, makes indoor-outdoor living a joy. The main home upper level, has 2 bedrooms, 2 full baths, living room and kitchen. The lower level is currently used as a large studio, with a full bath and kitchenette. The 1 bedroom, 1 full bath, cottage is removed from the main home, with its own driveway and laundry area, affording the main home privacy.
|
2824 Ohina Place
Kihei
$725K (FS) |
Short sale - Great value for this 3 bedroom, 2 bath single family home with attached ohana in South Kihei. Sale is subject to court confirmation.
|
23 Poniu Circle
Wailuku
$555K (FS) |
"Handyman Special"! Great corner lot location within walking distance to Foodland, Starbucks, Longs and more. This spacious 3 bedroom, 2.5 bath house is perfect for a buyer who is not afraid to get their hands a little dirty to make the home their own. Some of the great added features of this property are: large open living area, brand new kitchen flooring, and the large wooden deck. The owner also enclosed the separate dining area making for additional storage space or a family room.
|
442 Lauone Place
Wailuku
$359.9K (FS) |
Bank owned - Home is in great shape for its age and just needs some TLC. It is located on a quiet street close to county and state buildings and local medical facilities and public schools.
|
Vacation Condos Over $1M
Kamaole One #6
Kihei
$1.7M (FS) |
One of a kind remodeled 2 bedroom, 2 bath beachfront corner-end unit in a small boutique complex in South Kihei. Located on one of the most pristine beaches in all of Maui....Charlie Young Beach! Kamaole One has only 12 units and rarely ever come on the market. This unit has been upgraded with top of the line Jennair appliances throughout in a copper finish, designer bathroom fixtures and faucets, designer flooring and quality designer furnishings. It has two split system A/C units, new full size washer and dryer, and a loft which can be used as an office, art studio, or simply extra storage.
|
Wailea Elua 1401
Wailea
$1.899M (FS) |
People throw the word “rare” around, but the last one bedroom oceanfront unit to sell at Wailea Elua took place 9 years ago, so this is truly a rare opportunity. Relaxing on the spacious southwest facing lanai bordered by a sculptured privacy hedge, you have a direct view of the ocean. The walk from the lanai to breathtaking Ulua Beach is just a few steps away. This one bedroom, one bath unit has almost 900 square feet, and the outdoor living gives it an even larger feel. There are ocean views from the living/dining room as well as the bedroom. With two pools, manicured landscaping, and the oceanfront Pavilion Pool featuring a fitness room, Wailea Elua is one of the most desirable oceanfront complexes. It is situated on the 1 ½ mile Wailea beachfront path and just a short walk to adjacent 5 star hotels, dining and the renowned Shops at Wailea. Don’t miss this opportunity and end up waiting another 9 years!
|
Wailea Point 3401
Wailea
$1.495M (FS) |
Lovely unit - great, low price. Ocean view over Polo Beach. Facing southwest - protected from the trades. Ground level; half flight of stairs between the driveway & front door. The large lanai is adjacent to beautiful gardens and close to the herb & vegetable garden. Wailea Point's acclaimed amenities include gated entry; roving 24-hour security patrol; 2 recreation pavilions with kitchens; 4 pools including a 25-meter lap pool; 2 spas; tennis, paddle tennis & pickleball courts; modern, well equipped fitness room; barbecue areas; lots of edible landscaping & more. Enjoy the luxury of Four Seasons & Fairmont Kea Lani hotels as immediate neighbors & the 5-star lifestyle they support.
|
Vacation Condos Under $1M
Kihei Akahi D-110
Kihei
$289.9K (FS) |
Bank owned - Great opportunity to own this one bedroom, one bath unit at Kihei Akahi. This complex is located right across the street from Kamaole Beach Park II and within walking distance to shops and restaurants. Amenities include 2 swimming pools, tennis courts and BBQs. Short term rentals allowed.
Customer Listing Synopsis
|
Sugar Beach Resort PH28
Kihei
$679K (FS) |
Beachfront Penthouse..... Right on the sand..... Superior Ocean Views...Sunsets.... Imagine yourself sitting on your Penthouse lanai with your favorite beverage, watching the whales play in the dimming light of sunset. Sugar Beach Resort is an fantastic beachfront complex that draws visitors year after year to 5 miles of white sandy beach. Enjoy the golf putting area, heated pool, sauna and Jacuzzi while the smell of the BBQ's drifts past you just steps from the sand. Penthouse #28 is fully furnished and ready for your personal residence or vacation rental. Maintenance fees includes all utilities.
|
Kauhale Makai 101
Kihei$329K (FS)
|
Fantastic open plan, spacious ground floor unit with "ease of access" extensively renovated from floor to ceiling. Hugely popular complex in North Kihei that sits oceanside of the road. Kauhale Makai has jacuzzi, pool, BBQ, recreation area, shuffleboard and putting green. Vacation rental or long term rentals are permitted. Electric and A/C included in maintenance fee.
|
Residential Condos
Hoolea Terrace at Kehalani 1906
Wailuku
$370K (FS) |
Great View! This upper level, upstairs unit has a beautiful view of the ocean and Central Maui. Within close proximity of elementary school, park, and shopping center. Two parking stalls included.
|
Maalaea Mermaid 404
Maalaea
$249K (FS) |
This fee simple condo is a short walk to the beach, Maalaea Harbor and Maui Ocean Center. Just a few minutes drive to Wailuku Town and South Maui areas. Building has a secured entryway, a convenience store downstairs and a PV system for the common area uses. A centralized hot water system helps to keep energy costs low (hot water is included in the maintenance fee).
|
Flats at Kamalani 3705
Kihei
$310,710 (FS) |
A great opportunity in north Kihei – brand new, affordable condominium homes. Full-equipped, with gas range and oven, refrigerator, full-size stacked washer and gas dryer, fiber-optic high-speed internet, private yards and two assigned parking stalls. The 2-bedroom, 1.5-bath units are approximately 755 sq. ft. indoor living area and private yard of approximately 105-115 sq.ft. Only 4 homes of this unit type are available in Kamalani’s first phase. Units expected to be delivered beginning in Fall 2017. This unit type is offered to those making no more than $114,100. There are also units available that are not a part of the workforce program.
Customer Listing Synopsis |
Vacant Land
0 Halau Place
Wailea
$925K (FS) |
Wailea Golf Estates Lot #9 is a .3519 acre (15,332 sf) lot ready for a single-level or two-story luxury Wailea Blue golf course residence situated at 120’ elevation in the heart of Wailea. Purchase the lot, or if you prefer, purchase a home/lot package to include a custom designed luxury residence of your choice. This property is situated in one of the most exclusive and convenient Wailea gated subdivisions only steps to the Resort Hotels, Shops at Wailea, fine dining, Wailea Blue course club house, Wailea Tennis Club and to many of the finest White sandy beaches Maui offers.
|
0 E Kapu Place
Kihei
$1.5M (FS) |
South Maui developer's package. Total land area of 5.723 acres is inclusive of five (5) separate parcels, which are offered for sale together: TMK no's: 2-3-9-002-098, 2-3-9-002-099, 2-3-9-002-102, 2-3-9-002-103 and 2-3-9-002-104. The surrounding area includes residential housing, restaurants, businesses, and an attractive condominium project with live-work units along South Kihei Road.
|
|
