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Aloha
Market Update
ATTOM Data Solutions (a real estate data firm that's the parent company of RealtyTrac), released its 2017 Rental Affordabilty Report which shows that buying a home is still more affordable than renting in 66 % of U.S. housing markets analyzed.
The report compared the monthly house payment of a median priced home - including mortgage, property taxes, and insurance versus the fair market rent of a three bedroom property in 540 counties.
The least affordable rental market requiring the highest percentage of average wages to pay fair market rent was Marin County, California (77.3 %). Honolulu, HI came in 4th at 70.7 % and Maui County, HI came in a close 5th at 70.7 %.
The most affordable rental markets came from Huntsville, AL (23.9 %) and Pittsburg, PA (24.4 %).
Low interest rates have helped the affordabilty factor of purchasing a home, but they are expected to rise in the near future.
According to the report, rents have been surging faster than the home prices in about 27 % of the markets measured.
Have a wonderful week,
Melissa for The Smith Team
Ken, Melissa, Greg and Lindsey
P.S. - Congratulations to Justin Thomas for winning the PGA Tour's SBS Tournament of Champions this past Sunday at Kapalua Plantation Course.
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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541 (318)
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175 (31)
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1069 (220)
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+21 |
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Condos
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831 (206)
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207 (23)
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1315 (173)
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+1
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Land
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362 (146)
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43 (8)
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164 (22)
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+9 |
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Total
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1734 (670)
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425 (62)
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2548 (415)
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+31 |
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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
2589 Kokomo Road
Haiku
$1.2M (FS) |
Highly sought after, hard to find Kokomo property. Beautiful, sprawling 3.27 acre property. Complete with a 3 bedroom, 2 bath main house, separate garage w/attached studio, a separate ohana, plus a 3 bay shop serving 110 & 220. Features an unbelievable country kitchen with floor to ceiling cupboards, a formal dining room, and a family room with wood stove. French doors open to a deck off the family room. There are 4 fully fenced paddocks and a stall barn for a horse.
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204 Wailau Place
Lahaina
$1.749M (FS) |
High up on the hillside in the desirable Launiupoko community is this beautiful Hawaiian Plantation home situated on over an acre of land. Built in 2007, this 3 bedroom 3 bath home features 1,836 sq. ft. of open living area with warm Tiger wood flooring and ceiling fans throughout. The great room boasts glass encased french doors leading out to the lanai along with numerous windows to take in the views. The kitchen features states of the art stainless steel appliances, granite slab counters and a large center island with drop down lighting. Step out onto the wrap around lanai and take in the vast views of the Pacific with the islands of Lanai and Molokai in the background. The master suite is very spacious with room for a seating area and features lots of windows for ample natural light. The master bath showcases stone flooring, a walk in shower, step in tub, dual vanity and walk in closet. The guest rooms are both very spacious with wood floors and their own bathrooms. Detached from the home is a 2 car garage with workspace and an upstairs recreation room. The property also includes an inviting solar heated salt water pool with raised spa and lush landscaping with mature coconut trees.
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3975 Maalaea Bay Place
Maalaea
$2,999,999M (FS) |
This very private and gated oceanfront home is located on a small street with only 7 homes. It was rebuilt in 2009 with all new plumbing, electrical wiring both inside and outside, remodeled kitchen and bath with upstairs master suite. Small sandy beach steps from this home where you can enjoy beautiful sunsets and whale watching.
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147 Manalo Street
Wailea
$3.4M (FS) |
Spectacular panoramic ocean and golf course views from this Tim Farrington designed residence ideally located overlooking the Wailea Blue Course in the premiere gated community of Wailea Golf Vistas. This 3 bedroom, 3.5 bath house has a very convenient floor plan with the master bedroom, gourmet kitchen, and living room all leading out to the entertaining lanai and infinity pool area. Amenities include high vaulted wood ceilings, tavertine and wood flooring, built-in storage cabinetry, pocket sliding glass doors and large windows in the living room, custom electric lift in the garage for kayaks and paddle boards, pv systems and etc.
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Homes Under $1M
456 Ipu Circle
Kahului
$469.9K (FS) |
Bank owned - Huge potential for this Kahului family home in a stable family neighborhood, close to schools, shopping, restaurants and conveniences. This property is perfect for the handy person or investor who wishes to buy property at a bargain price and add value by upgrading and remodeling. Huge 12,000 sq. ft. lot provides lots of space and privacy.
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2681 Liholani Street
Pukalani
$589K (FS) |
Check out this steal right on the golf course! This home has tons of potential with a large living space, loft, and wrap around deck. This property is located close to the grocery store, schools, parks, golf course, and aquatic center. Enjoy the upcountry serenity with brilliant sunsets and views on the 11th tee of the Pukalani Golf Course. There is plenty of space for your own personal touches and improvements.
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14 Hoowehi Place
Kahului
$593K (FS) |
Charming 4 bedroom 2.5 bath in The Legends at Maui Lani. This home features central A/C, solar hot water, a two car garage and a fenced backyard with a covered porch and sprinkler system. It has been freshly painted with new flooring, carpet and blinds. There is a lanai off the large master bedroom which has vaulted ceilings, a walk-in closet and full bath. Within walking distance to the elementary school, golf course, restaurants and shopping nearby.
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917 Kahoku Place
Kihei
$599K (FS) |
This beautifully upgraded 3 bedroom, 2 bath home in a charming cul-de-sac of Piilani Villages I is perfect for your family gatherings in the New Year ahead! You will be welcomed into an open floor plan with high ceilings and an abundance of natural light. The living and kitchen area lead into the backyard through a dual sliding door, creating the perfect setting for entertaining. Recent upgrades include fresh paint inside and out, new laminate flooring and tile, new cabinetry, new quartz counter-tops, new stainless steel appliances, and new in-room A/C units. The master bedroom boasts a walk-in closet, double vanity and soaking tub.
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278 Kaikea Street
Kihei
$725K (FS) |
Large 4 bedroom 3 bath home with flexible floor plan. New large water heater replaced 3 years ago. Pergo floors throughout the upstairs area. New refrigerator with ice maker installed 1 year ago. New split zone air conditioner installed November 2016. Exterior of house was painted 3 years ago. Large lot with room for a 500 sq. ft. cottage to be built. Sunset views from large covered deck upstairs.
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Vacation Condos Over $1M
Hale Pau Hana Unit 106
Kihei
$1.189M (FS) |
Rarely available oceanfront Hale Pau Hana condominium unit, literally twenty five steps to one of the finest white sand beaches in the world. A first class kitchen renovation has just been completed, including all new furnishings. This ground floor location makes life very simple, just step right out to the pool or beach. Across the street from Hale Pau Hana are wonderful restaurants and shopping.
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Wailea Ekahi Unit 19B
Wailea
$1.695M (FS) |
This 2 bedroom, 2.5 bathroom ocean view townhome has just completed a beautiful contemporary remodel. Turnkey and ready to use and enjoy, you don’t have to do a thing, except move in. The two story townhome floor plan gives you the benefit of a ground floor unit with its large expanded lanai, without having someone living above you and you get the benefit of an upstairs unit with the high vaulted ceilings, creating a sense of space and light, without having someone living below you. The location is compelling; lower village, close to the beachfront pool pavilion and Keawakapu Beach, in a private and peaceful setting with lovely ocean views filtered by the palm trees. This charming condominium has an established rental history with a high percentage of repeat guests. Wailea Ekahi Village features gorgeous tropical landscaping, a beachfront pool pavilion, and four swimming pools.
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Wailea Ekahi Unit 53C
Wailea
$1.745M (FS) |
This luxuriously renovated, spacious 2 bedroom & 2.5 bath townhome (9 total in entire complex), encompassing 1,575 sq. ft. of interior living area on two levels with direct ocean, sunset & island of Lanai views. The spacious island style kitchen, with built-in pantry has granite counters, custom soft, buttery- bamboo soft-close cabinets, stainless steel appliances & a glass tile back-splash. An upper level, light-filled, master suite with high ceilings & floor to ceiling windows, enjoys its own private ocean view lanai & in-suite bath with dual granite vanities, floor to ceiling tile details. Additionally, there is a guest bedroom / bath suite with a dedicated ocean view lanai.
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Vacation Condos Under $1M
Koa Resort Unit 4J
Kihei
$478.9K (FS) |
Tastefully updated 2 bedroom 2 bath unit at Koa Resort, across the street from the beach. One of the few buildings that features sprawling grounds, a large pool and spa, tennis and shuffleboard courts and a BBQ pavilion. Vaulted koa wood ceiling in the living/dining area that opens to large deck surrounded by greenery. The kitchen has been updated with stainless steel appliances, tile floors, granite counter top and gloss white cabinets. Washer and dryer (July 2015) is located on the first floor next to a full bath with granite counter top and tile stall shower and sunny guest bedroom. The master/loft bedroom is upstairs featuring carpets and lots of storage. The master bath has a granite counter top and a tiled tub/shower. There is an owners lock out closet and a "secret" storage space. Ceiling fans and LED lighting throughout. New carpet (April 2015) in both bedrooms and living room. New double pane windows (2015) in both bedrooms. New electric panel (2014) and a new Fujitsu split A/C system with 3 zones (2014). The unit is sold furnished with a few exclusions.
Customer Listing Synopsis
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Hololani Unit B-703
Napili/Kahana/Honokowai
$729K (FS) |
Views of the ocean, colorful sunsets, islands & Kahana coastline await you from one of the finest 2 bedroom oceanfront condo properties in West Maui. This highly appointed Hololani unit provides expansive ocean views from the family room, kitchen and the master bedroom. The property was remodeled recently and offers very modern island style décor. Interior appointments include hard wood cabinetry, granite counter tops, ceramic tile. This unit is sold fully furnished and turn key. This pet-friendly community offers a variety of amenities including front desk/concierge, elevator access, underground parking, pool, BBQ area and a quick walk to Kahana Gateway restaurants and businesses.
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Kaleialoha Unit 116
Napili/Kahana/Honokowai$319K (FS)
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This one bedroom, one bath is a corner unit on the ground floor that offers more light and cross breeze through the unit. There is a nice lawn area to sunbathe and BBQ.
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Maui Kamaole Unit A-101
Kihei
$622K (FS) |
Remodeled one bedroom, two bath end unit in the prime "A" building. This ground floor corner unit is light filled and in a quiet location. Direct access from the living room out to a large patio perfect for watching sunsets and grassy area with a big ocean view. Floor to ceiling windows in the kitchen lets in additional light. Large master bedroom suite has another quaint patio perfect for relaxing. The master bath has a newer tiled bath tub/shower and a dressing area. The second bath has a newer tiled shower stall. Maui Kamaole is located close to Kam III beach, restaurants and shopping. The complex offers multiple BBQ areas, pool, spa, tennis courts and lush landscaping.
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Residential Condos
Harbor Lights B-314
Kahului
$85K (FS) |
This 2 bedrooom 1.5 bath unit is located on the third floor of building B in Harbor Lights and faces Kaahumanu Avenue. It includes 1 assigned covered parking stall. This unit also has upgraded vinyl windows. Harbor Lights offers a swimming pool, BBQ area, picnic tables and basketball court. Excellent location near UH Maui College and the Queen Kaahumanu Shopping Center.
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Na Hale O Makena B-102
Makena
$1.735M (FS)
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Wonderful Makena community of just 40 residential condominium units situated on over 6 tropical and tranquil acres. Amenities include a large pool/spa, fitness center and club facility. Covered parking and extra storage for surf and beach equipment. Walk across the street to snorkel at turtle town or go to beach. Interior appointments include granite countertops, travertine flooring, Snider cabinets, Gaggenau and Bosch appliances. Covered lanai with large sliders and built in barbecue for easy home entertaining.
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Kalama Townhouses Unit 2
Kihei
$299K (FS) |
Terrific 2 bedroom 1.5 bath pet friendly townhome in the heart of Kihei. Great private lanai for BBQ or relaxing. This adorable 6 unit complex has a new roof within the last 2 years, new electric panels and was tented in May. This very well kept complex is a short walk across the street to Charlie Young Beach, Kihei Cove, shopping and dining.
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Vacant Land
215 River Road
Wailuku
$239K (FS) |
This lot is in pristine condition nestled in the Waihee Valley in Wailuku. Rich in Hawaiian culture, you’ll find the North Waihee Auwai which is the oldest ditch on the Wailuku side of the West Maui Mountains. The majestic setting is in restoring the “Taro”. Taro is a staple crop throughout the Pacific Island and is grown in lo’i patches thru a careful calibrated gravity-fed irrigation system. The constant flow of mountain water nourishes other fruits, vegetables and flowers in this cool tropical climate. There are passion fruit, banana, papaya, sweet potato, fern, gingers and gardenias. Sunshine, nutrient soil and mountain water make this a perfect setting for sustainability. Located one mile inland from Kahekili Highway, the partially paved road is best driven with a 4-wheel drive or SUV. There is a one inch water meter with this property.
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165 Hoolapa Street
Kihei
$499K (FS) |
Great opportunity to own a ready to build corner lot in Kilohana Waena, South Maui's most desirable new community. Homesite #13 offers 8,141 square feet of land area (0.18 acres) and is conveniently located just a short stroll away from the famous Keawakapu Beach, one of Maui's finest! Build your custom home here and savor all the joys of South Maui coastal living. Kilohana Waena borders the Wailea Resort where you can enjoy the best boutique and luxury shopping, savor a myriad of tantalizing restaurants, and challenge yourself at the three championship golf courses. Nearby are the World Renowned Wailea Resort Hotels, such as; The Grand Wailea Resort, Four Seasons, Fairmont Kea Lani and the Wailea Marriott.
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