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Aloha ,
Market Update
Pending Sales for February are up 6.6% from January in the Western region and up 18.3% from February 2014. In the Midwest, pending sales rose 11.6% in February and are 13.8% higher than last year.
These sizable gains in the West and Midwest regions have help offset small sales declines in the Northeast and Southern regions likely due to harsher weather conditions.
These gains are likely driven by a continually improving labor market, stable mortgage rates, and unfaltering high rental rates putting pressure on potential first time home buyers. First time home buyers made up 29% of sales in February, a slight increase over January.
Have a wonderful week,
Lindsey for The Smith Team
Ken, Melissa and Lindsey
P.S. - It's beginning to look a lot like Summer! The gorgeous Jacaranda trees are blooming all over Kula.
Melissa Smith R (B), Ken Smith R (S)
Market Watch
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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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583 (301)
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248 (36)
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969 (169)
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-17
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Condos
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908 (225)
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222 (35)
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1200 (168)
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-1
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Land
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353 (134)
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35 (5)
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165 (26)
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-5 |
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Total
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1844 (660)
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505 (76)
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2334 (363)
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-23
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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
Homes Under $1M
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158 Iao Loop
Wailuku
$525K (FS)
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Step into your incredible new home! This 4 bedroom 2 1/2 bath home with the master on the main floor is a must see. The fully fenced back yard offers lush landscaping and two large covered patio areas, perfect for entertaining!
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160 Alanuilili Place
Kula
$769K (FS) |
Spectacular bi-coastal views from both the main house and ohana. This unique property offers a large expansive wrap around deck, located at end of driveway easement, providing extreme privacy and zero traffic.
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31 One Kea Place
Wailuku
$825K (FS)
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Under construction, near completion.
This two-story home to be built in the gated Sandhills Estates community is near markets, schools, and medical facilities. Spacious rooms, high ceilings, beautiful staircase are some of the great features of this house.
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Vacation Condos Over $1M
Makena Surf #F-203
Wailea
$2.358M (FS) |
Enjoy spectacular Makena Surf living at its finest with Building F, unit 203, as it has everything one would wish for. Gated private property with security, tennis courts, two pools and spas, BBQ area, beautifully manicured grounds. Enjoy spectacular sunsets, seasonal whale watching and more while cruising on the lanai.
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Kaanapali Alii #1-205
Kaanapali
$3.5M (FS) |
With 3 miles of pristine white sand and crystal clear blue waters, Kaanapali Beach offers a variety of accommodations and recreational opportunities. The Kaanapali Alii is Maui's finest private luxury resort condominium.
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Montage #1203
Kapalua
$4.575M (FS) |
Introducing Montage Residences Kapalua Bay. A truly one-of-a-kind opportunity to own along the West Maui shoreline, overlooking the white sandy crescent of Kapalua Bay, with panoramic ocean views framed by the neighboring islands of Molokai and Lanai.
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Vacation Condos Under $1M
Maui Vista #2110
Kihei
$284K (FS) |
Lowest price in complex - Popular turn-key vacation rental ground floor 1 bedroom / 1 bath unit located at Maui Vista. This unit features tile flooring and comes fully furnished. It has a covered lanai that leads to a grassy area and is just steps to the pool and tennis court.
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Hololani #A204
Kahana
$700K (FS) |
Incredible views with views of the island Molokai. Within walking distance to some of Maui’s finest restaurants and art galleries in the Kahana Gateway Shopping Center. Be lulled to sleep by the sound of the Pacific Ocean lapping on the sandy beach.
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Kaanapali Shores #725
Kaanapali
$795K (FS) |
Beautiful ocean view from this upper floor 2 bedroom condo. This fully renovated condo has been updated continually and shows extremely well. The rental income is high so it will make an excellent investment for you or your clients.
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Maui Kamaole #A207
Kihei
$825K (FS) |
Enjoy amazing ocean views from this beautifully furnished 2 bedroom / 2 bath unit at the popular Maui Kamaole. This unit has an open kitchen and great room area with high ceilings. The bathroom upstairs has a double sink vanity with granite counter tops and a glass block tiled shower.
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Residential Condos
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Iliahi at Kehalani #5D
Wailuku
$439K (FS)
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End unit bordering park with panoramic ocean/mountain views. Features central A/C, stainless appliances, ceiling fans, nine foot ceilings, solar water heater, outdoor and attic storage.
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Hale Kanani #3-103
Kihei
$485K (FS) |
Wonderful, spacious 3 bedroom, 2 bath Hale Kanani condo with an open floor plan. Located across the street from one of Maui’s best beaches, this popular property is not to be missed. Terrific pool, hot tub, and BBQ area.
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Na Hale O Makena #C-302
Makena
$1.65M (FS) |
This complex boasts a fabulous saline pool and gymnasium shared by only forty units. Because Na Hale O Makena is 100% residential it is among the areas most quiet and peaceful complexes. Gated entry, and on-site manager and concrete construction assures maximum security, quiet and privacy.
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Vacant Land
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85 Lolii Place
Kaanapali
$495K (FS) |
Excellent half acre lot featuring ocean views, nicely tucked away in a cul de sac. Lanikeha, the only community that offers full acre resort lots, is an exceptional place with commanding views of the renowned Kaanapali Resort, the coastline, and the Islands of Lana`i and Moloka`i.
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