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Aloha
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In this newsletter:
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Rare Makena Oceanfront Estate
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Market Update
The 14-day quarantine rule for all visitors and even returning residents to the State of Hawaii is still in effect until at least July 1st.
In spite of the quarantine, more visitors keep arriving in Hawaii each day. On Sunday, 1891 people arrived in Hawaii. Of course, this is nothing compared to the average daily visitor count last year which was close to 30,000.
Businesses have slowly started reopening and inter-island travel is scheduled to reopen on June 16th. Read more about the quarantine rules in effect as of today.
As you would expect, the quarantine rules are having a huge impact on our tourist related economy. In Maui, the unemployment rate was and probably still is the highest in the Country at over 35% in May. As we slowly reopen, my guess is that it is much lower now, but still terribly high. Read more.
You would think that given the large scale unemployment that our real estate market would have ground to a halt, but it has not. Sales of homes in May were up 8% and the median price was up 4% versus a year ago.
Keep in mind though that sales are a lagging indicator as the normal sale takes about 60 days to record. Condos are affected way more by the quarantine as they are often being bought by off-island people. This category dropped by 18% in May, but the median sales price was still up by 11%. Here is a link to a graphic showing the overall sales in May for the whole island as well as broken down by District.
We know from our personal experience that there is still a huge pent-up demand for housing on Maui. We listed a bank owned property 12 days ago in Kula (featured on a previous newsletter). We had over 60 showings in the first 5 days, and we submitted 8 offers all over the asking price.
We hope and pray for a lifting of the quarantine rules soon so that our friends, clients, family, and visitors may once again enjoy what was voted: Best Island in the World for 23 consecutive years by Conde Nast Travelers.
Please call or email us if you have any questions, or we may help you in any way.
As always, stay safe and be healthy!
Mahalo Nui Loa,
Ken Smith R(S), Melissa Smith R(B), and Gregory P Smith R(B)
The Smith Team
P.S. As this strange school year comes to a close, the Hawaii Department of Education has announced that they will continue the Grab-and-Go program that has been providing students with daily meals throughout the pandemic. The program will now transition into a summer schedule with new pick-up locations and hours. For complete details click here.
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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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410 (230)
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166 (31)
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1054 (297)
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0 |
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Condos
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562 (141)
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149 (45)
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1487 (236)
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+15 |
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Land
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290 (82)
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43 (18)
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158 (21)
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-2 |
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Total
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1262 (453)
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358 (94)
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2699 (554)
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+13 |
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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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79 Pukolu Way
Wailea
$1,137,000 (FS)
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Located in the exclusive gated community of Wailea Kai and perched on a cul-de-sac at the highest elevation within Wailea Kai, this 3 bed, 3.5 bath home sits within a stone's throw from famous Keawakapu Beach. A recently updated kitchen makes this home ideal for entertaining and enjoying peek-a-boo ocean views. Feel the cool breezes and savor the aroma of Hawaiian barbecue on the large deck.
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65 Hale Noho Way
Wailea
$2.35M (FS)
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A rare opportunity to enjoy a sought after single level home in the desirable Wailea Fairway Estates! Lovingly maintained and thoughtfully updated, 65 Hale Noho Way has 3 beds plus a den/office, a pantry, 2 baths, central A/C, an in-ground pool and a 3 car garage with a "workshop space." Perched atop a cul-de-sac, this prime location offers stunning sunset views in a neighborhood of only 31 lots. Located across the street from the soft sandy Ulua and Mokapu beaches.
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1212 Summer Rd
Kapalua
$5.9M (FS)
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Enjoy over 3/4 of an acre with this prestigious one of a kind 8,178 sf. home with 8 beds, 8.5 baths designed by Master Architect Rick Ryniak and built by Gary Dixon Construction, one of Maui's finest custom home builders. Located on the Kapalua Bay Course with magnificent ocean, Lanai, Molokai, and sunset views all year round! Ideal for the corporate owner or large family looking for seclusion and privacy.
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Homes Under $1M
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2239 Upper Kanaio Rd
Kula
$260K (FS)
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Located on the slopes of Haleakala above the Ulupalakua Market in Kula is this amazing Royal Patent Land granted from King Kamehameha III during the Great Mahele and passed down to the Heirs of Kahoe. Enjoy completely off the grid living with incredible views from Kahoolawe to the Big Island! The agricultural land is 4.67 acres at around a 5,000 foot elevation providing cool, quiet and tranquil living.
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112 Pauloa Pl
Kihei
$725K (FS)
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Bank Owned - A highly desirable 4 bed, 4 bath home in North Kihei. This property is very well set up with multiple living opportunities. There is also a 1 bed, 1 bath detached cottage, ample parking and the property is in good condition. Easy to show, being sold as-is.
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503 Lahainaluna Rd
Lahaina
$819K (FS)
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A great opportunity to own a large home in Lahaina with 5 beds and 2 baths on a great sized lot of approximately 7,832 sf. An upstairs addition was completed in 2005 and features a huge deck with some ocean views. The downstairs master bedroom has access to a fenced in deck area perfect for outdoor BBQ's. This home also has an owned photo-voltaic system for reduced electric costs.
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556 Mililani Pl
Maui Meadows
$850K (FS)
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Enjoy beautiful ocean and mountain views from this 1/2 acre lot on a quiet street with a 700 sf. 2 bed, 1 bath cottage. You can live in the cottage and eventually build your dream home in one of the most sought after neighborhoods in South Maui. Located only a two-minute drive away from the sandy beach of Kewakapu with Wailea dining and shopping close by as well.
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Vacation Condos Over $1M
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Royal Mauian #206
Kihei
$1,395,000 (FS)
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Enjoy premiere oceanfront living with great ocean views from the living room, kitchen, and master bedroom. The Royal Mauian sits on a fabulous point of land right between Kamaole Beach One and Kamaole Beach Two. This beautiful 2 bed, 2 bath unit is offered completely furnished. It has been extensively remodeled and is ready to rent or live in. This excellent complex is located right across the street from restaurants, stores, and coffee shops.
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Wailea Point I II III #3402
Wailea
$1,689,000 (FS)
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Wailea Point is prominently positioned upon the 28 Premier Oceanfront Acres in World Class Wailea Resort, next door to the Four Seasons Hotel. It offers guard gated & 24 hour roving security. Wailea Point #3402 is an excellent unit within this low density, revered, lush tropical paradise. This well maintained 1359 sf. 2 bed, 2 bath unit opens seamlessly to a 332 sf. wrap-around lanai area.
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Polo Beach Club #509
Wailea
$2,999,999 (FS)
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With close attention paid to every detail and sparing no expense, this 2 bed, 2 bath condo was redesigned and reconstructed from top to bottom. Use it for yourself or as a vacation rental. Redesigned with an easy flow gourmet kitchen, large granite island, travertine floors, cherry cabinets, and mood lighting for romantic dinners or effortless entertaining all while enjoying the ocean view and sounds of lapping waves.
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Vacation Condos Under $1M
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Napili Sunset #105
Napili
$304,500 (FS)
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A ground floor unit with the swimming pool located just behind it. This unit is also located in the same building where the front desk is for easy access to services. Located very close to Kapalua Resort and Napili shopping center where you can find golf courses, the spa, hiking trails, tennis courts and restaurants. Napili Sunset is self-managed by the Owner's Vacation Rental Pool. Lahaina is traditionally hot but this complex is in the Napili/Kapalua neighborhood which enjoys the cooler climate.
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Shores of Maui #122
Kihei
$514K (FS)
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Shores of Maui is one of south Maui's most desirable locations. Located in the center of Kihei, this complex sits directly across from South Maui's premier surfing and paddle boarding beach park “The Cove”. It is surrounded by many essential businesses, and is within walking distance to a variety of restaurants, shops, activities, and beaches. This convenient ground floor, 1 bed, 1 bath unit walks right in from the parking lot, and walks out onto a spacious garden level.
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Kuau Plaza #106
Paia
$538K (FS)
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This is a rare opportunity to acquire a Kuau Plaza unit in this sought after complex, literally steps away from world famous Mama’s Fish House Restaurant and minutes from the renowned Hookipa Beach with water sports activities year round, turtle & whale watching and gorgeous sunsets. Out of 30 units, only 6 are 2 bed, 2 bath. This unit is on the ground floor with easy access to the grassy lawn, BBQ grill, trash and recycling area as well as the separate laundry building for residents and guests.
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Aina-Nalu #I203
Lahaina
$549,900 (FS)
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Bank Owned - This boutique resort is located in the heart of Historic Lahaina Town on nine prime acres of land providing an abundance of on-site parking for owners and guests. Aina Nalu is located just one block from world-famous Front Street, and two blocks from Lahaina Harbor with its many boating activities and beaches. This 2 bed, 2 bath unit is truly resort living at its best with an open-air lobby, negative edged swimming pool, hydro spa, private Balinese bungalows, and a large pavilion.
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Residential Condos Over $1M
Keala O Wailea #102 (21)
Wailea
$1,299,000 (FS)
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This 2 bed, 2 bath Keala O Wailea unit has an amazing view with a large floor plan overlooking the stunning tropical pool and the Wailea Blue Golf course. Enjoy being able to walk to 6 different restaurants in less than 5 minutes. This unit comes with 2 parking spaces, including a carport with extra storage, a large lanai with propane plumbed in for your private outdoor kitchen. Features all stainless steel appliances and contemporary finishes.
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Masters #2904
Kaanapali
$1.05M (FS)
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This 2 bed, 2 bath upstairs suite offers panoramic views of the beautiful Pacific Ocean and neighboring islands. This suite is located on the 9th Fairway of The Royal Kaanapali Golf Course overlooking the famous Kaanapali Beach. The Masters is an exclusive gated community on Kaanapali Hillside with great amenities including, tennis courts, swimming pools, hot tubs and onsite security.
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Residential Condos Under $1M
Harbor Lights #A315
Kahului
$139K (FS)
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A third floor, 2 bed, 1.5 bath unit that is priced to sell. Enjoy a view of the garden area and pool below. Features an updated kitchen, appliances, bathrooms, carpet and vinyl flooring. Enjoy being close to the Kaahumanu shopping mall, the airport, the hospital, schools, and across the street from the ocean.
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Lahaina Residential #224
Lahaina
$204,900 (LH)
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Banked Owned - A wonderful opportunity to live & work in Lahaina Town. Walk, bike or stroll to shops, restaurants & beaches. This is a fabulous second story, 1 bed, 1 bath corner unit with loft storage. This unit has been upgraded from its original condition and being a corner unit, it feels bright & open.
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Southpointe at Waiakoa #25-104
Kihei
$365K (FS)
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Enjoy a great value on this ground floor Southpointe unit with a yard! This 2 bed, 1.5 bath condo is tucked away towards the back of the complex away from Kenolio Road, and comes with two separate parking stalls (most Southpointe units come with 2 tandem stalls). Furnishings are included in the sale, which makes it perfect for a buyer looking to move in right away.
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Flats at Kamalani #1306
Kihei
$510K (FS)
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Welcome to Kamalani, Kihei’s newest community featuring gas appliances, private yards, fiber optic high-speed internet and pets are welcome! True pride of ownership is displayed in this upstairs unit. Less than two years old, this 3 bed, 2 bath unit has 1022 sf. of interior living space, upgraded stainless steel appliances, a full size washer/dryer, and a private yard.
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239 Leiohu Cir
Pukalani
$449K (FS)
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This premiere ocean view lot offers a great opportunity for you to build your Upcountry dream home! The gentle slope from front to back presents the perfect canvas for a two-story home with fabulous views, or a single or split level home with some views and minimal stairs. With only 49 lots the gated subdivision of Kualono has become one of Upcountry's most desirable neighborhoods.
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