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Aloha Valued Subscriber
Market Update
The Maui real estate statistics provided by the Realtors Association of Maui are in for February 2018.
Quick Facts
+28.2%
Changes in number of closed sales (all properties)
+9.2%
Changes in median sales price (all properties)
-18.6%
Changes in number of homes for sale (all properties)
RAM says, "The three most prominent national market trends for residential real estate are the ongoing lack of abundant inventory, the steadily upward movement of home prices and year-over-year declines in home sales." RAM also states that "higher prices also indicate a higher demand leading to competitive bidding".
New listings have decreased by 8.3% for single family homes and 6.5% for condos. Inventory decreased 13.5% for single family homes and 25.6% for condos.
According to the data, single family home sales on Maui increased 50.8% from this time last year and 10% from the month before.
From looking at the statistics, it looks like now is a good time to sell due to the lack of inventory. Let us know how we can help you.
Have a wonderful week!
Ken, Melissa, Greg and Lindsey
P.S. - Maui students organize a "Concert for Our Lives" to end gun violence planned for March 24th. This star-studded event will feature participation from Jack Johnson, Willie Nelsen, Kris Kristofferson, Willie K, Landon McNamara, Lily Meola, and surprise guests. Proceeds will be donated to organizations that support Maui youth and working on a national level to end gun violence in schools.
Melissa Smith R (B), Ken Smith R (S), Gregory Smith R (B), Lindsey Taylor 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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512 (300)
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218 (52)
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1155 (267)
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-8 |
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Condos
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648 (184)
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341 (51)
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1497 (202)
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+3 |
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Land
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352 (145)
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40 (9)
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237 (26)
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0 |
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Total
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1513 (629)
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599 (112)
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2889 (495)
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-5 |
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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
638 Lalani Circle
Kahului
$499.9K (FS) |
Bank Owned - A solidly built 3 bed, 1.5 bath home of cinder block construction located within close proximity of Lihikai School and public transportation. With a large yard for a garden or perhaps a small ohana. There is a wet bar and sky light in the family room with several additional rooms at the rear of the home.
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296B Aliiolani Street
Pukalani
$549K (FS) |
Very private and serene location sits this beautifully remodeled 2 bedroom cottage on 8,618 sq ft of land. Features include gorgeous bamboo cabinets, granite counters, new stainless steel appliances, new under mount double sink and fixtures.
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33 Kapalaia Place
Wailuku
$645K (FS) |
Bank Owned - 4 bed, 3 bath home in Ohia at Kehalani subdivision. 1,890 sq ft of living area, this home is in need of some TLC.
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170 Welakahao Road
Kihei
$699K (FS) |
Bank Owned - Perfect investor property 9% cap rate could be as high as 15%. Renovated in 2012 with new kitchen, bath and flooring. Spacious lanai on main house creates privacy for main dwelling, perfect for entertaining. Property is located on a flag lot away from main road. In whole there are 5 units. (3) units are 3 bed, 1 bath. (2) units are 1 bed, 1 bath.
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75 Haaheo Place
Pukalani
$859K (FS) |
Newly remodeled house and cottage in a desirable Pukalani neighborhood. Home features 3 bed, 2 bath, with a large 672 sq ft lower level/basement. Separate 1 bed, 1 bath cottage, with attached large, 409 sq ft patio.
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2840 Umalu Place
Kihei
$999,999 (FS) |
Tucked away in the end of a cul-de-sac on a hill to capture the tropical views that surround the area. You will be pleased to capture some ocean view from different rooms in the 6 bed, 4.5 bath home.
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Vacation Condos Over $1M
Honua Kai -Konea #232
Kaanapali
$1.3M (FS) |
This lovely 2 bed, 2 bath condominium home has Pu'u Kukui views and a huge wrap lanai. Situated on beautiful, world renowned Ka'anapali Beach, this spectacular resort offers dining, shopping, beach activities and complete relaxation.
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Kaanapali Shores #601
Kaanapali
$1.85M (FS) |
Experience an incomparable view, a one of a kind setting and a luxurious, roomy 2 bed, 2 bath villa on the beach. This is the best value on the beach anywhere on Maui’s West Side. The view is wide open and unobstructed, just imagine a 180 degree view and expand it. You have that view from inside and outside.
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Wailea Ekahi #34C
Wailea
$1.85M (FS) |
Beautiful expanse of lawn and ocean views from the open living, dining and kitchen areas and master suite in this immaculate ground floor unit that lives like a single-family residence with three separate lanais. Sliding doors from the living and dining areas open to an expanded lanai with a fantastic view over Ekahi's greenbelt and dazzling sunsets.
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Vacation Condos Under $1M
Residential Condos
Harbor Lights #B405
Kahului
$109.9K (FS) |
Bank Owned - Remodeled 2 bed, 1.5 bath unit with new fixtures, new cabinets, new countertops, and fresh new paint. Harbor lights B406 is located on the top floor with views of Haleakala and partial ocean views. The unit is within walking distance to the shopping center, parks, and college. This unit is pretty much turn-key, just bring your appliances.
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Kamoa Views #312
Kihei
$284.9K (FS) |
This clean 1 bed, 1 bath unit boasts Haleakala views offering plenty of natural light and brightness making it exceptionally inviting. The unit has has new Mohawk carpets and padding making it move in ready.
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Southpointe #11-106
Kihei
$311,524 (FS) |
This 2 bed, 1.5 bath unit offers much potential with an open kitchen and living room floor plan, and includes a large, private backyard with a utility shed for additional storage or work space.
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Southpointe #11-204
Kihei
$319K |
Rare 2 bed, 2 bath on the second floor at Southpointe. High efficiency hot water heater installed 2 years ago and the dishwasher was replaced 1 year ago. Tile flooring in the kitchen, both bathrooms and hallway, and laminate flooring in the living area. Granite counter-tops in kitchen.
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Flats at Kamalani #1206
Kihei
$370K (FS) |
Brand new, condominium homes. Fully 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 bed, 2 bath units are approximately 804 sq ft indoor living area.
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Ke Alii Ocean Villas #J-203
Kihei
$939.5K (FS) |
This beautiful and spacious ocean view 2 bed, 2 bath residence with loft epitomizes modern and contemporary Hawaiiana living. This unit features a large covered lanai, high ceilings, stainless steel GE appliances, oversized dual glaze windows, ceramic tile, black granite counter tops, solid wood doors, Grohe fixtures, central air conditioning.
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Vacant Land
5530 Makena Road
Makena
$7.9M (FS) |
This magical location is only steps away from the new world class Discovery Land Resort on Makena’s secluded Black Sand Beach opens the door to a rarely seen lifestyle that captures Maui’s essence: panoramic ocean views a stone throw from the property and immediate access to warm-water swimming, snorkeling, kayaking, boarding and whale watching.
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