|
|
|
|
| Issue 1141 |
February 11th, 2025 |
|
|
Aloha
|
In this newsletter:
Land
New Properties
Price Reductions
Short Sales
Homes (1)
Condos (1)
Land
New Properties
Price Reductions
|
Beachfront Living
23 Nalu Place
Paia
$5.995M (FS)
|
January 2025 Market Report
For those who have been waiting for lower home prices, the time has come. The median price for condos and single-family home has dipped below recent lows. Condo prices fell to $675,000, nearing the lows of January 2023, while single-family homes dropped to $1.2 million for the first time since December 2023. Although prices have softened, there is no reason to panic.
SINGLE-FAMILY HOME TRANSACTIONS
Based on months of supply, the single-family home market has officially tipped into a buyer’s market, with 6.2 months of inventory available. With mortgage interest rates still hovering around 7%, buyers are exercising restraint and leveraging their negotiating power, particularly on properties with longer days on the market.
CONDOMINIUM TRANSACTIONS
Supply for Maui condos rose to its highest level since September 2022, with 804 active listings in January. However, the market in 2022 was very different—days on the market averaged 63 days compared to 123 days now, interest rates were at 5.5%, and monthly HOA fees were lower, partly due to lower insurance premiums.
Market Watch
| |
Active
|
Pending
|
Sold
|
Change
|
|
Homes
|
396 (351)
|
102 (78)
|
745 (551)
|
+2 |
|
Condos
|
819 (327)
|
94 (36)
|
809 (359)
|
+14 |
|
Land
|
179 (78)
|
31 (13)
|
166 (61)
|
+4 |
|
Total
|
1394 (756)
|
227 (127)
|
1720 (971)
|
+20 |
|
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 the number of active listings from the previous week.
|
|
Homes Over $1M
|
2866 Ohina Street
Kihei
$1.199M (FS)
|
Enjoy breathtaking Maui sunsets from your back deck as vibrant hues illuminate the evening sky over the sparkling ocean. This property offers sweeping views from Kaho'olawe to the majestic West Maui Mountains. The home features high vaulted ceilings, 4 bedrooms, 3 baths, and a spacious yard with room to expand or build a cottage.
|
|
254 Kapuahi Street
Makawao
$1.725M (FS)
|
The perfect blend of serene Upcountry living while keeping you close to all the essentials. Sitting on over half an acre, this unique estate features two spacious dwellings a main house with a beautifully revamped half-wrapped deck and a separate cottage equipped with multiple bonuses. Both homes feature high vaulted and open beam ceilings and are surrounded by mature trees and lush greenery, making the property feel like your own private botanical oasis.
|
3184 Mapu Drive
Kihei
$1.99M (FS)
|
Nestled on a serene and tropically landscaped half acre lot, the well-maintained and spacious yard offers an abundance of mature fruit trees and ornamental vegetation. The main home offers a 3 bedroom, 2 bath living space on the upper level with a wrap-around Trex deck offering breathtaking ocean views. Downstairs, you will find a cozy studio apartment.
|
1805 Kalia Way
Haiku
$2.85M (FS)
|
This 4 bedroom, 3 ½ bath home is 3430 sq. ft. of living space plus 760 sq. ft. of covered deck space. Natural interior finishes of granite, marble, slate, travertine and eucalyptus fuse with natural light from the many windows and skylights to bring the feel of Maui’s nature indoors. The lush tropical landscape of flowers and fruit trees on the gently-sloping.
|
|
291 Olino Place
Makawao
$730K (FS)
|
Beautiful remodeled home within the last few years. Convenient location at the beginning of Makawao off of Haleakala Highway, it's 20 minutes from Kahului, in peaceful Upcountry Maui. This 2 bedroom 1 bath home is fully remodeled from roof top to floors, windows, paint inside and out, kitchen cabinets, counter tops and bath.
|
|
180 Hoomoku Street
Kahului
$777K (FS)
|
This townhouse style home offers single family living with possibilities for a flexible floor plan without monthly home owners association fees. The long driveway offers plenty of room for parking. Start your mornings with your favorite beverage from the deck and enjoy the sunrise over Haleakala and sunsets behind the West Maui Mountains. Centrally located with quick access to the Kahului Airport, Costco, restaurants, shopping and schools.
|
|
77 Peahi Road
Haiku
$815K (FS)
|
Large parcel of land at 0.634 of an acre, or 27,617 sf of land. Property is overgrown with many trees. Agents and potential buyers must sign a permission and general release form prior to viewing, and enter at own risk. Signs of moisture damage are visible in the property.
|
|
Kaanapali Shores 303
Kaanapali
$1.2M (FS)
|
This 2 bedroom, 2 bath condo is in one of the premiere locations in the resort with ocean views from every room. The resort offers a host of amenities including: 2 swimming pools, a spa pool, bbq areas, tennis and pickleball courts, a resort restaurant and bar, top of the line fitness center, convenience store and more. The unit has been upgraded and owner occupied for several years. Enjoy the comfort of central air conditioning, included in the monthly dues.
|
Wailea Ekolu 1705
Wailea
$1.5M (FS)
|
Stunning ocean views, this modern single level 2 bedroom, 2 bath ground floor residence. Open-concept design with luxury gray vinyl plank flooring throughout. Stylish interior with remodeled features like beautiful white cabinets, stainless steel appliances, and quartz counter tops.
|
Puamana 111-2
Lahaina
$2.299M (FS)
|
This beautifully remodeled 3 bedroom, 3 bathroom townhome offers the perfect coastal retreat, ideally situated to enjoy the best of oceanfront living. With 1,536 square feet of light-filled interior space, this home seamlessly blends modern updates with the relaxed, breezy vibe of beachside living. Upon entering, you’re greeted by an expansive, open-concept living and dining area.
|
Hoolei B-2
Wailea
$6.25M (FS)
|
This 3 bedroom, 3.5 bath luxury villa is ideally positioned to offer 180-degree ocean views and year round sunset vistas. You simply cannot beat the lifestyle. Fleetwood glass doors magically retract into the wall to reveal and allow access to the upper lanai. Tasteful furniture and beautiful decor elements, create a warm and inviting environment.
|
Vacation Condos Under $1M
Kihei Bay Surf A-209
Kihei
$395K (FS)
|
This charming studio condo ocean view unit right on South Kihei Rd overlooking Kalepolepo Beach Park, the Whale Sanctuary, and ocean offers the perfect blend of convenience, comfort, and coastal south Maui living. Impeccably maintained and upgrades throughout. How wonderful to cross the street to an ancient hawaiian fishpond.
|
|
Kalama Terrace L-204
Kihei
$475K (FS)
|
This charming 1 bedroom, 1 bath unit. This condo features a newer gas stove and refrigerator, along with granite counters in the kitchen and updated wood cabinets, tiled shower walls, and tiled floors throughout. Enjoy the view of the peaceful grounds from your covered lanai area. Unit comes fully furnished.
|
|
Koa Resort 5-E
Kihei
$525K (FS)
|
This ground-floor, 1 bedroom 1 bath vacation rentable unit is ideally positioned near the property’s pool, spa, 2 tennis/pickle ball courts, putting green, shuffleboard, cabana. With over 5 acres of lush foliage, there is plenty of space to spread out and enjoy the sea breeze from this incredible low-density condominium. Come and see what makes this unit a special place to call home.
|
|
Maui Kamaole B-115
Kihei
$899K (FS)
|
Cozy comfort inside and peaceful outdoor ground floor space outside. This is a rare corner unit so you are rewarded with increased privacy. Enjoy ocean and mountain views from this remodeled space. Elegant travertine flooring from the kitchen through to the living room and extending onto the spacious lanai. Bamboo flooring in the primary bedroom leads to a second private sunning, sipping, and or reading lanai.
|
Residential Condos Over $1M
|
Hokulani Golf Villas 16
Kihei
$2M (FS)
|
Beautiful single level home in arguably Kihei's finest residential condominium community. Sitting half way down the 18th fairway gives this home a quiet location within Hokulani Golf Villas. The lovely kitchen has Mahogany cabinet upgrades, granite counter tops, full granite backs plash, porcelain tile flooring, Kitchenaid stainless steel appliances, an LP gas cooktop with a large vent hood & a wine refrigerator.
|
Wailea Point 1904
Wailea
$3.849M (FS)
|
This home is beautifully decorated, and is being offered fully furnished by the seller for your turn key Maui lifestyle. The vaulted cedar ceilings, open floor plan, and authentic Koa doors add to the traditional Hawaiiana feeling of warmth and elegance. This immaculately maintained 2 bedroom villa along with the loft was thoughtfully designed for everyday living and for entertaining multi generations.
|
Residential Condos Under $1M
|
Waipuilani 209
Kihei
$485K (FS)
|
This beautifully updated 1 bedroom, 1 bath condo offers a spacious 680 square feet of living space, enhanced by a cleverly converted lanai that creates a bright, open main living area. Located on the second floor with easy access to the stairwell and just steps away from one of the complex’s three washer and dryer locations, convenience is at your doorstep.
|
|
Kihei Villages 36-203
Kihei
$489K (FS)
|
Light and bright setting and a great location in the complex. Building 36 is one of the closest buildings to Sugar Beach, the longest continuous stretch of sand on the whole Island. Close to shopping, the farmer's market and restaurants. Enjoy the central air conditioning throughout the unit, or relax on the lanai.
|
|
Boardwalk J
Kihei
$647K (FS)
|
Enter into this beautifully reimagined Boardwalk unit, where modern upgrades meet prime beachside living. This stunning 2 bedroom, 1.25 bath home was upgraded in 2021, blending contemporary style with functional comfort. The kitchen and bathroom were rebuilt down to the studs, featuring sleek soft-gray cabinetry.
|
Southpointe at Waiakoa D
Kihei
$828K (FS)
|
Finally, an affordable single level home that has it all. Combine the benefits of a stand-alone single family home with the security and maintenance free lifestyle within this vibrant condo community in Kihei. Featuring newer cohesive flooring throughout, granite counter tops in the kitchen, and a thoughtful “no-stairs” floor plan.
|
 203 Welau WayKaanapali
$695K (FS)
|
Spanning approximately a quarter acre, this elevated lot captures breathtaking ocean views, spectacular West Maui sunsets, and seasonal whale watching, with the islands of Lanai and Molokai providing a stunning backdrop. Tucked behind multiple gated entries, this property ensures exceptional privacy and security while remaining just minutes from the best of Kaanapali.
|
|
|
|
|
The Smith Team
www.MauiSales.com
(808) 572-0866
|
|
|
|
|
|
