Traveling to Hawaii is certainly not as easy as it used to be, but in a recent survey conducted by  the Hawaii Tourism Authority it was found that out of the 495 visitors that were surveyed 85% said their trip was excellent, and 94% said their trip either met or exceeded expectations. This is great to see, as it means that the number of tourists making the journey to Hawaii in 2021 should continue to rise.

While tourism numbers are not nearly what they were in 2019, the Pre-travel Testing Program allows anyone traveling to Hawaii to bypass the 10-day mandatory quarantine, which would make any vacation immensely more enjoyable. Out of the visitors that were surveyed, 79% said that their pre-travel testing experience went smoothly, and the protocols were clear. The remaining 21% reported various issues with pre-travel testing including difficulty finding a trusted testing partner, and not receiving their results within the specified window.

We will continue to look forward to a rise in tourism numbers as the local economy recovers from the COVID-19 pandemic. To look at the full report, follow this link.In an interview with The Maui News, the Chief Economist with the Department of Business, Economic Development and Tourism Eugene Tian stated that nearly 30% of the homes that were purchased in the better part of 2020 were purchased by out-of-state residents. Of those buyers 27.4% were from the mainland, and 1.4% were international. While this number seems high, out-of-state residents usually purchase nearly 50% of the available real estate on Maui.

The data is still being assembled for the demographic breakdown of these out-of-state buyers, as it is unclear whether most of those purchases were made by investors, or those seeking to move their principal residence to Hawaii now that most employees and business owners can work from home.

The three aspects of the current real estate market that appear to show no signs of slowing are low inventory levels, low interest rates on new mortgages and a climbing median sales price for both condos and single family homes. In December, the Realtors Association of Maui recorded the lowest inventory ever since they began keeping records in 2010. New construction is still very active on Maui, with several affordable housing projects as well as luxury condominium complexes set to be completed  between now and 2022.

To read the full interview The Maui News did with Eugene Tian click here.
 
Due to the spike in COVID-19 cases on Maui, Governor Ige gave Mayor Michael Victorino the authority to amend the current emergency rules. The new rules go into effect today. Here are the highlights.

- Retail occupancy is now limited to 30% to allow more room for social distancing.

- Bars and restaurants are now required to close at 10pm or earlier. Drive-throughs, non-liquor related takeout and room service are all exempt from this new rule.

In addition to pre-travel testing requirements for both inter-island and transpacific travelers, they are also now required to download either the AlohaSafe Alert app or another Google-Apple Exposure Notification System app. Travelers can also enable their exposure notification setting on their phone.

Face coverings must now be worn while walking to and from the beach or pool. They can only be removed once you are stationary and socially distanced from the people around you.

-Even if the venue is outdoors, a mask must be worn at gyms, yoga studios, and wellness centers.

While these rules mentioned  above are slightly different from rules that were already in place, it’s important to keep yourself informed on the latest developments coming out of the Mayor’s office.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Smith Team Real Estate - 2 Generations of Satisfied Customers - (808) 572-0866
About Maui Our Listings Property Search Rentals Blog Contact Us
Issue 948   May 4th, 2021
 

Aloha


In this newsletter:
Market Update
Market Watch
Homes Over $1 Million
Homes Under $1 Million
Vacation Condo Over $1M
Vacation Condos Under $1M
Residential Condos 
Vacant Land 


Bank Owned 
Homes
Condos

Land
New Properties (0)
Price Reduction (0)

Short Sales
Homes
Condos (0)
Land (0)
New Properties (0)
Price Reductions (0)


Upcounty 23 Acre Gated Estate

50 Oluolu Pl

50 Oluolu Place
Kula
$12M (FS)

Customer Listing Synopsis

Video Tour

 

Tips For a Smoother Real Estate Transaction: Escrow Number and Types of Funds


Reta Chin from Fidelity National Title and Escrow shares her tips for a smoother real estate transaction:
 
The most important point of reference when entering into a new escrow is the escrow number, provided by the title and escrow company at the beginning of the transaction. It is important to reference this number each time you communicate with your escrow officer—whether it be by email or phone.
 
In a typical real estate transaction, there is an initial deposit, an additional deposit and final funds. In Hawai’i, for the initial and additional deposit, title companies will accept personal checks – if there is enough time for the check to clear the bank before the date of recordation. For final funds, they will accept a cashier’s check from a local Hawai’i bank. If you do not have a local Hawai’i bank that you can draw from and you are doing it from the mainland, then they will ask you to wire funds in.
Last but not the least, do not forget title companies will never change their wire instructions – so be sure you use the same one at the beginning that you were given for your final funds to wire.

This information is provided by Reta Chin from Fidelity National Title & Escrow. To view the full article and watch a video Reta created please click here


Mahalo Nui Loa,

Ken Smith R(S), Melissa Smith R(B), and Gregory P Smith R(B)

The Smith Team

P.S. - Maui Mall Village is holding a Mother’s Day promotion from May 1 through May 9. Shoppers who make purchases totaling $150 or more can redeem their receipts for a Maui Mall Village 10-liter dry bag. Check out the details here
 
Follow Us
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Active
Pending
Sold
Change
Homes
203 (157)
260 (124)
1170 (439)
4
Condos
272 (74)
425 (80)
1607 (373)
-20
Land
174 (74)
 94 (28)
300 (54)
-4
Total
649 (305)
779 (232)
3077 (866)
-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 number of active listings from the previous week.

 
 

Homes Over $1M

 

26 Huapala Pl 2
26 Huapala Place
Launiopoko

$3.7M (FS)
Enjoy some of the best sunset views over the Hawaiian islands of Lana’i and Moloka’i as you sit on the over 1000 sf of covered lanai of this beautiful Launiupoko Estate. This is the main home portion of the CPR. It is a 4 bedroom, 3.5 bath home that sits on a 1.4 acre lot with just under 4600 SF of living space.
 
 
3223 Kehala Dr 2
3223 Kehala Drive
Maui Meadows

$2.595M (FS)
Maui Meadows Jewel! Spacious 3,800+ sf 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 bath detached ohana combine for a rare South Kihei opportunity.
 
30AlanuiPL
30 Alanui Place
Kula

$1,397,500 (FS)
Wonderful, Lower Kula home PLUS cottage at the end of the cul-de-sac on a HUGE .8 acre, RURAL ZONED parcel. Lovingly cared for, this home features an open beam ceiling, a wood burning fireplace and living room that opens onto a large, fun deck. This 35,893 sf parcel allows you plenty of space to garden, room to run and a place to grow and make new adventures.
 
 

Homes Under $1M

30 Pahaa Place
30 Pahaa Place
Pukalani
$785K (FS)
This beautifully updated classic old school Pukalani home sits on a quarter acre flag lot at the end of a cul-de-sac. Peaceful and private with peekaboo ocean views, the fully fenced yard with mature avocado trees, raised garden beds and chicken coops and a pig pen allows you to live off the land, upcountry style.
 
29 Puakala Place
Kuihelani

$690K (FS)
As you approach this 5 bedroom 1 story home, you will notice healthy low maintenance landscaping surrounding the entire property. This property is completely walled and fenced in with a spacious backyard and covered lanai.With 1664 square feet of interior living space, allow your vision & imagination to take over into this property located in the Kuihelani Subdivision of Kahului Town.
 
955 Haliimaile Road
955 Haliimaile Road
Haliimaile

$585K (FS)
This is a classic 83 year old plantation home with lots of aches and pains.This home has dreams of living to being 100 years old old, so step up and give it some love. It is zoned so that a legal cottage can be constructed . It has sewer not septic or cesspool. Only cash offers will be accepted unless you are qualified for a re-construction loan. No repairs will be done by the sellers and sold " As Is " with no warranties or repairs to be done by sellers.
66 Mahi Ko St
66 Mahi Ko Street
Paia
$860K (FS)
Maui Lifestyle is all about indoor/outdoor living and this home embodies just that! Located in an upper neighborhood of the quaint North Shore surf town of Paia - 66 Mahi Ko lives larger than its interior square footage with the bonus of a covered outdoor kitchen and dining area, perfect for entertaining! The home is ideally positioned on its fully fenced lot providing large open yard spaces and an amazingly private feel.
 
373 Ulumalu Road
373 Ulumalu Road
Haiku

$899K (FS)
Your path to paradise awaits. Tucked away on Maui’s North shore lies 373 Ulumalu Rd, a timeless plantation home that represents the best of elegant mid-century modern design and peaceful island living. Boasting tropical abundance at every corner, this exceptional property is surrounded by distinguished eucalyptus, cuban red bananas, strawberry guavas and giant cashew trees-- what a dream!
 
 

Vacation Condos Over $1M

GrandChampions134
Grand Champions # 134
Wailea

$1.299M (FS)
This top floor 3-bedroom unit features extra privacy, vaulted ceilings that immediately convey a spacious, open feel, and ocean views. Many upgrades have been; New stove, microwave, and dishwasher. Brand new bistro set on the Master Bedroom lanai, new TV in living room and Master. Upgraded kitchen implements, etc. Chilling split system AC systems covers entire unit.
Mana Kai
Mana Kai # 511
South Kihei
$1.495M (FS)
Toes in the sand in under 60 seconds! This is Maui…. as advertised. Enjoy beachfront condo living with the amenities of a resort at your fingertips. From it's fifth floor location this 2 bed 2 bath condo boasts white sandy beach, ocean, and island views. Tastefully renovated, this gem is fully furnished and turnkey with future bookings.
 
Kaanapali Shores
Kaanapali Shores # 502
Honokowai
$2.5M (FS)
Kaanapali Shores 502 is a direct oceanfront 2 bedroom, 2 bath in the Aloha Suites. This villa offers approx. 2,000 square feet of usable space including the lanai. With its corner location, the large living room is surrounded by glass sliders so you have a great view from anywhere in the living room, dining area or kitchen. Spend hours listening to the crashing waves while watching the ocean.
 

  

Vacation Condos Under $1M

GrandChampions49
Grand Champions # 49
Wailea

$865K (FS)
Here is a rare opportunity for a 2 bedroom 2 bath Grand Champions "lock out" unit located in beautiful Wailea. This updated and very well kept 1148 SF condo has a spacious lanai to enjoy Garden and Pool views.Unlike some of the other units in this complex, unit 49 features the lock out option which has a door inside the entrance that can be locked off, which allows the unit to be split into a one bedroom condo and a studio apartment.
 
Nani Kai Hale # 403
North Kihei
$511K (FS)
Nani Kai Hale 403 is a lovely Maui beachfront property. This condo is ideal for both vacation rental and private use. This boutique complex has just 46 units fronting one of Maui’s longest white sandy beaches.
 
Kamaole Nalu
Kamaole Nalu # 402
Kamaole II

$725K (FS)
This is a rare opportunity to own an outstanding superior upper level ocean view 2 bedroom, 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.
 

 

Residential Condos Over $1M

Vintage at Kaanapali
Vintage at Kaanapali # 53
Kaanapali Golf Estates

$1.349M (FS)
The Vintage is a unique collection of 73 detached home-condominiums, located on a premium 17 acre parcel, surrounded by the Kaanapali Kai Golf course, in a lush tropical setting. A short distance in your golf cart to Kaanapali beach resort and dining. This sought after floor plan offers easy single level living, featuring two private spacious master ensuites, with walk-in closets and sliding glass doors giving optimum natural light.
 
Wailea Town Center
Wailea Town Center # D201
Wailea

$1.599M (FS)
The perfect blend of urban penthouse living and island elegance offer an exceptional opportunity in Wailea Town Center unit D-201. With 1616 SF, this spacious 2-bedroom, 2-bath condo immediately captures you with stunning 180° unobstructed ocean views that stretch from Kahoolawe to West Maui Mountains.
 
 


Residential Condos Under $1M

      Iao Gardens   
Iao Gardens # 103
Wailuku Town
$350K (FS)
Rarely available in the heart of charming Wailuku town is this 2 bedroom and 2 bath condominium at Iao Gardens. Experience views of the West Maui Mountain range, cool breezes, Lush gardens, and peek a boo ocean views. Walking distance to business, shopping and eateries. 
 
Wailea Fairway Villas
Wailea Fairway Villas # L102
Wailea

$799K (FS)
Welcome to one of Wailea’s best values - the condos at Wailea Fairway Villas. L102 is a unique ground floor unit - it is in the highest elevated building (L) - offering a full, amazing 180 degree view of the ocean which can be enjoyed from the kitchen, living room, master bedroom and lanai. The 12+ acre grounds are gorgeous and well maintained, overlooking the expanse of the Wailea Blue Golf course at the 11th Fairway.
 
paradise ridge 2
Paradise Ridge Estates # 402
Kihei

$999,500 (FS)
Golden beaches and crystal blue waters await as you gaze upon majestic whales from your luxurious residence in South Maui. Nestled atop a bluff on South Maui, delight in your grandiose Ocean / Mountain Views. Your Privately Gated Estate is graced with spacious and contemporary multi-family residences just moments to Kamaole III Beach. Choose your dream palette of interior designs with premier contemporary finishings.
 
 
Vacant Land
 
111 Keoneloa Street
Maui Lani
$399K (FS)
Located in the Sandhills Estates at Maui Lani's coveted gated community, this vacant lot is ready for you to build your custom dream estate on. Conveniently located in Central Maui, this desired flat lot is situated up against the popular The Dunes at Maui Lani Golf Course and in close proximity to Maui Lani Shopping Center, medical facilities, schools, restaurants, and more.
 
 
The Smith Team
www.MauiSales.com
(808) 572-0866
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Coldwell Banker Island Properties
#B-35 3750 Wailea Alanui Drive
Wailea, Hawaii 96753
US

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