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Aloha
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In this newsletter:
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Beautiful Ocean View Home
143 Pulehu Road
Kula
$2.997M (FS)
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August Market Report 2024
The Maui real estate market continues to reflect both opportunity and challenge for buyers and sellers alike. Let’s dive into some of the notable trends and insights from August 2024.
Single-Family Home Transactions
The single-family home market on Maui demonstrated resilience with sales increasing by 11% compared to last year. The median sales price saw a 10% rise, bringing it to $1.3 million. This price increase reflects the limited availability of homes under $1 million, except in areas like Wailuku and the occasional upcountry listing.
Condominuim Transactions
A fresh wave of La'i Loa condos in Wailea closed in August, which skewed the overall market data. Excluding these new developments, the market remained relatively stable with a median sales price of $888,000. However, affordability concerns and pending legislation are putting pressure on the desirability of Maui’s condos. On average, condos stayed on the market for 89 days.
Ken Smith R(S), Melissa Smith R(B), Gregory Smith R(B)
The Smith Team
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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335 (296)
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129 (99)
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747 (536)
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-6 |
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Condos
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725 (312)
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82 (34)
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902 (386)
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-17 |
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Land
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184 (76)
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22 (6)
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182 (76)
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+1 |
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Total
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1244 (684)
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233 (139)
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1831 (998)
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-22 |
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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 the number of active listings from the previous week.
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Homes Over $1M
1073 Makalii Street
Kahului
$1.05M (FS) |
Offering three separate living units perfect for extended family, rental income, or flexible living arrangements. Situated close to Maui High School and everyday conveniences, this residence provides privacy and seclusion without compromising on accessibility. Enjoy the freedom of no HOA fees and the peace of mind that comes with owning a versatile property in a prime location.
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1791 Piihana Road
Wailuku
$1.179M (FS) |
Nestled in a peaceful, lush setting, this residence offers a blend of tranquility and convenience, making it perfect for those seeking a retreat from the hustle and bustle city life. This 4 bedroom 2 bath home offers 2630 sq ft of living space, providing ample space for comfortable living. Large windows allow natural light to flow throughout.
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39 Aeloa Road
Pukalani
$1.45M (FS) |
This pleasant house and cottage enjoy sweeping views of Maui’s central valley, northern coastline, the Pacific ocean, and the beautiful West Maui Mountains, while also boasting an Upcountry location desired for its convenience to the beach and businesses. The 3 bedroom, 2.5 bath main home and 1 bedroom, 1 bath cottage are comfortable.
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Homes Under $1M
651 Linekona Place
Wailuku
$875K (FS) |
This quaint property has undergone a full renovation in 2019. Including a new roof, electrical, plumbing, appliances and much more. With a spacious kitchen, a big yard front and back yard, tons of character and a seperate garage/storage area to make all your own. Lots of parking and outdoor living space to enjoy.
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2350 Main Street
Wailuku
$879K (FS) |
This delightful 3 bedroom, 1.5 bathroom townhouse, ideally situated in the heart of Wailuku. Boasting spacious bedrooms with plenty of natural light and ample closet space, this home provides the comfort and practicality you’ve been searching for. The flexible layout includes a large finished downstairs area.
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225 South Papa Ave
Kahului
$885K (FS) |
Charming home in central Kahului with attached rental. Kahului provides a convenient location to all of Central Maui's amenities including many schools, shops and restaurants.
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226 Alake Street
Kahului
$988.8K (FS) |
This delightful 3 bedroom, 2.5 bath house is nestled on a prime corner lot in the Traditions at Maui Lani. The home features 14 PV panels with a Tesla battery, and solar water heating providing energy efficiency and cost savings. The kitchen comes with a new refrigerator and range that were just purchased a couple of months ago.
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Vacation Condos Over $1M
Kaanapali Shores 416
Kaanapali
$1.15M (FS)
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Spacious well maintained 2 bedroom, 2 bathroom condo in a busy rental program. You will enjoy beautiful ocean views from 3 rooms including the primary and guest bedrooms as well as the lanai off the great room. The great room is open and welcoming including both indoor and outdoor dining areas.
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Grand Champions 99
Wailea
$1.249M (FS)
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Remodeled 2 bedroom condo with a spacious floor plan with 1,056 square feet of living area with lovely covered lanai space for enjoying the mountain and golf course views. Updated in 2022 with new furniture, new luxury vinyl plank flooring, new kitchen with stainless steel appliances and quartz counters, and fully remodeled bathrooms.
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Maalaea Surf C-10
Kihei
$1.685M (FS)
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Spacious 2 bedroom and 2 bath condo with incredible views. Enjoy the beautiful sunrise and sunset views from the spacious lanai, and long strolls on the beach just steps from the condo. This is an active vacation rental and zoned hotel.
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Honua Kai - Konea NR549
Kaanapali
$4M (FS)
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This spacious (1930 sq ft) home comes loaded with recent upgrades such as a newer dishwasher, refrigerator, water heater and microwave. Enjoy cooking from simple to gourmet meals in your Viking kitchen. Watching whales as the sun sets while sipping wine from your lanai makes for a perfect ending to your day.
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Vacation Condos Under $1M
Maui Vista 2314
Kihei
$595K (FS) |
This upgraded third-floor unit has quality features, including granite counters, expanded cabinetry, a new refrigerator, bamboo textured glass doors, and a walk-in shower. The bedroom includes abundant shelving ideal for extended stays or an owner who wants to use the condo as a permanent residence.
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Valley Isle Resort 301-B
Kahana
$668K (FS) |
Enjoy breathtaking sunsets from this light and airy corner unit located on Kahana Beach. You'll love the beautifully upgraded kitchen and bathroom, with cherry cabinets and granite counter tops, recessed lighting, tile floors throughout, two lanais, and gorgeous ocean views from both the living room and the bedroom, plus a walk-in shower.
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Maui Kai 106
Honokowai
$710K (FS) |
You can touch the ocean from this easily accessible ground floor property. Maui Kai is a small intimate high rise with great amenities, including a heated pool, jacuzzi, barbeque area and game room. Year-round sunsets between the neighbor islands Lanai and Molokai are unsurpassed.
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Mahana 513
Honokowai
$839K (FS) |
The Mahana consists of two 12 floor buildings with slightly over 200 units in the complex. Set in the heart of the northern part of Kaanapali Beach, the buildings sit well back from any roads, are surrounded by lush grounds and are direct oceanfront with views of the islands of Lanai and Molokai and, of course sunsets all year long, turtles and whales (in season).
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Residential Condos Over $1M
Paradise Ridge Estates 501
Kihei
$1.299M (FS)
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Golden sandy beaches and crystal blue waters await as you gaze upon majestic whales from your luxurious and exclusive estate. Nestled atop a bluff in South Maui, delight in breathtaking ocean and mountain views as you enjoy the lovely waterfall-pool and hot tub complete with pavilion.
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Keala O Wailea 7-104
Wailea
$2.199M (FS)
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You'll enjoy a view of beautiful rolling hills of keawe trees, and from the lanai, look west to a romantic view of the sparkling ocean and the island of lanai. This unit provides lots of light, with windows on three sides. It comes with two parking spaces, one of which is a covered carport with extra storage. Amenities Community Center with panoramic views of the coastline, exercise room with a lanai.
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Makalii at Wailea 2-B
Wailea
$2.79M (FS)
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Rarely occupied, never rented, new on the market. Awaken each morning to the fabulous ocean views from your primary bedroom suite! Makalii lives like a "lock n leave" single family home with no one above or below. Stunning mid-century modern 3 bedroom 3 bath townhome with Casita offers professionally decorated upscale Italian furniture.
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Residential Condos Under $1M
Harbor Lights A-215
Kahului
$209K (FS)
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This 2 bedroom, 1.5 bathroom second-floor unit has views of the ocean and comes with the added convenience of one reserved parking space. The central location in town ensures that everything you need is just moments away, from shopping and dining to entertainment and cultural attractions.
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Kihei Villages 49-201
Kihei
$534.9K (FS)
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This stunning 2 bedroom, 1.5 bath upstairs unit is perfectly located steps away from Kenolio Park and within walking distance to Sugar Beach. With no road noise, this unit is perfect for anyone seeking a peaceful and tranquil retreat. This unit has been updated with porcelain tile floors in the kitchen and baths, recessed lighting in the kitchen.
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Keonekai Villages 27-201
Kihei
$580K (FS)
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This desirable top-floor unit offers 2 bedrooms and 2 baths, featuring the largest floor plan available in the complex. Tucked in the corner of building 27, this condo is set back from the road, offering added privacy. The condo’s close access to the highway makes commuting a breeze, and with ample guest parking, your visitors will always find a spot.
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Iao Parkside 27-204
Wailuku
$643K (FS)
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This gorgeous 2 bedroom, 1 bath completed remodeled upstairs unit features luxury vinyl plank flooring throughout, which gives it a modern and sophisticated feel. The newly renovated kitchen and bath boast light wood cabinetry and elegant granite countertops. You'll love the brand new stainless steel appliances in the kitchen that provide both style and convenience.
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Vacant Land
111 Keoneloa Street
Wailuku
$545K (FS)
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Welcome to an exceptional opportunity in the prestigious Sandhills Estates gated subdivision, offering a prime vacant lot ready for your dream home. This cleared, 10,354sf level lot is perfect for building a modern, custom residence that complements the local, contemporary architecture found throughout the community.
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