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 995 March 29th, 2022
 
 

Aloha


In this newsletter:
South Maui Oceanfront
 feature 

3911 Maalaea Bay Place
Maalaea

$3.45M (FS)


Shared Vacation Rental Ownership

 

Do you dream about having a vacation home, but find the costs of ownership are too high?

If so, we want to introduce to a concept that we feel is worthwhile considering. It is not timeshare or a vacation club. It is true home ownership but shared with 2 to 5 other persons.  

When you consider all the costs of owning a luxury home or condo such as property taxes, maintenance, utilities, management, etc., it is no wonder why the idea of shared ownership is taking off.

The first property that came available on Maui was a condo at The Ironwoods in Kapalua offering 4 shares. It sold out almost immediately.

At the current time, there are no other properties on Maui for sale, but there soon will be one available in Kamuela on The Big Island as well as Honolulu, Oahu.  

There are also many other properties in sought after locations around the country such as Carmel, Palm Springs, Ft. Lauderdale, Pebble Beach, Jackson Hole, Park City, and more with prices starting as low as $315K.

If you are a potential buyer, please send us an email, and we will put you in touch with the people who can best assist you.  

If you are interested in learning how you can sell your luxury property in any popular resort destination, and get top dollar for it, then this program may be a good fit for you.
 

Mahalo Nui Loa,

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

The Smith Team

 

P.S. Hawaii lifted all restrictions for mainland travelers this past Saturday. You don't have to show proof of vaccination or take a negative Covid test to come to Hawaii. You do still need to wear face masks in the airports and on airplanes. Happy travels!

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Market Watch
 
Active
Pending
Sold
Change
Homes
167 (143)
225 (138)
1338 (693)
-11
Condos
149 (74)
371 (168)
2321 (616)
+11
Land
99 (49)
 62 (16)
381 (115)
-6
Total
415 (266)
658 (322)
4040 (1424)
-6
 
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.

 
MARKET STATISTICS 
January 2022
February 2022

 

Homes Over $1M

154 Kupuna
154 Kupuna Street
Kihei
$1.1M (FS)
Amazing opportunity centrally located in Kihei single level home plus an adorable detached cottage. Lots of opportunity, lots of rental potential. Located just a block away from the beach. This home definitely needs work but it is by far one of the best opportunities in the Maui market.
3260 Kihapai (2)
3260 Kihapai Place
Pukalani

$1.35M (FS)
This little gem of a property is located on a corner lot in a super convenient location within walking distance to both Pukalani Terrace Shopping Center and Pukalani Superette. Both the main house and Ohana are solidly built concrete homes with Met-Tile roofs, so easy to maintain. 
 
 65 Oluea St 
65 Oluea Street
Kihei

$1.375M (FS)
A recently updated 3 bedroom, 2.5 bath home located in the charming neighborhood community of Kamalii Alayna in Kihei. This welcoming home is located a short distance to the ocean while offering low-maintenance, outdoor space that is ideal for entertaining.
3254 Keha
3254 Keha Drive
Kihei

$1.999M (FS)
Bank Owned. Enjoy some of Maui’s best Ocean views from this unique custom home waiting for its finishing touches. From its graceful archways to the fancy tile work throughout, the home feels like a Spanish resort. 

Homes Under $1M

260 Ea St (2)
260 Ea Street
Wailuku
$587K (FS)

Ideal opportunity for an experienced contractor? Location of property is a big plus, in this "old" style plantation village, where neighbors become family. Walking distance to the "Post Office".

Customer Listing Synopsis

24 Hoomoku Loop
24 Hoomoku Loop
Kahului

$680K (FS)
This charming home is ready for you to move in and features vinyl flooring, stainless steel appliances, freshly painted interior, an updated kitchen with midnight sparkle black granite tile counter, lots of cabinets and a wraparound counter for gatherings.

Customer Listing Synopsis
308 Kulalani
308 Kulalani Drive
Kula
$899K (FS)
This comfortable home is backed by a gulch that offers privacy, serenity, and proximity to nature with views of the treetops and forest. Enjoy your morning coffee outside while bathed in cool mountain air, before checking on plants in the terraced garden that spills from the shaded yard.
 

Vacation Condos Over $1M

Napili Point
Napili Point B-37
Napili

$1.2M (FS)
Enjoy splendid ocean views from this spacious ground floor condo with 2 bedrooms and 2 full bathrooms. Relax on the large, wrap-around lanai and marvel at beautiful views of sparkling sunsets and frolicking humpbacks during whale season.
 
Grand Champions
Grand Champions 174
Wailea

$1.595M (FS)

The brand new 'modern Maui' kitchen is the center of this home and upon entry will immediately relax you, your family and guests.  Each of the two master bedrooms has their own ensuite bathroom.  Wailea Grand Champions Villas is a peaceful complex and a short walk to the beach and all the best that Wailea offers. 

Customer Listing Synopsis

hhhe
Kihei Surfside 314
Kihei

$1.85M (FS)
Amazing view out over the green pristine manicured lawn to beautiful blue Pacific ocean walk to one of Maui‘s best beaches within seconds or enjoy the most amazing sunsets you’ll ever see on the front lawn property has been recently updated with new exterior and pool great walkability to shops and restaurants.
 
Kaanapali Alii
Kaanapali Alii 903
Kaanapali

$4.75M (FS)
Kaanapali Alii 2-903 with two bedroom two bath plus den is the only floor plan which allows the flexibility to be utilized as a three bedroom. Prime location overlooking the courtyard with breathtaking views of the Pacific Ocean, Kaanapali beach and the island of lanai.
 

Vacation Condos Under $1M

Kihei Kai Nani
Kihei Kai Nani 368
Kihei

$595K (FS)
This lovely Third floor condo offers a peaceful and quiet oasis. Garden views with peek a boo ocean views. Tile flooring with Granite kitchen and bathroom counter tops, and a tiled shower. 
 

 
Kihei Resort
Kihei Resort 122B
Kihei

$600K (FS)

Gorgeous fully remodeled ground floor 1 bedroom, 1 bath unit at Kihei Resort. Open kitchen and living room with granite counter tops, stainless steel appliances, maple cabinets, and travertine floors that lead to a covered lanai area.

Customer Listing Synopsis
 

Kihei Bay Vista
Kihei Bay Vista C-101
Kihei

$650K (FS)
One of Kihei's best kept secrets. Boutique condominium project located across the street from sandy beach where you can stroll for miles. This condo has been very well kept up by the owner who has done many upgrades over the years.  
 
aina-nalu
Aina - Nalu B208
Lahaina

$790K (FS)

If you’re looking for the perfect vacation condo or home, in the perfect location at one of the most sought after complexes in Lahaina, then you’ve found it! Located on the North side of the property, Aina Nalu B208 is an upstairs 2 bed, 2 bath unit. This condo has never been used as a rental, and it shows. It is in excellent condition. 

Customer Listing Synopsis

Residential Condos Over $1M

Masters 1103
Kaanapali 
$1.795M (FS)

You will love the spacious, bright interior with a wall of wide glass sliders to bring the outdoors in. Step thru the sliders and enjoy the extra large covered lanai, surrounded by green lawns, great for dining, entertaining or just relaxing to beautiful sunsets and ocean and island views.

Customer Listing Synopsis

 

Na Hale ONa
Na Hale O Makena C-402
Makena
$4M (FS)
Two-level living with 2 ensuite bedrooms, loft with incredible ocean views, 2.5 baths, nine-foot ceilings, travertine floors, granite counter tops, custom cabinetry, top-of-the-line appliances, and 4 zone central air conditioning. This "boutique" complex consists of only 40 apartments on over 6 acres of lush landscaping.

Residential Condos Under $1M

 Harbor Lights (2) 
Harbor Lights D-325
Kahului

$210K (FS)
This 2 bedroom, 1.5 bath unit with partial ocean and mountain views. Close to shopping, schools, and parks.
 
Haleakala Gardens 4-D
Kihei

$550K (FS)

One of the rare 3 bedroom, 2 bath condos in Kihei. This great Haleakala Gardens single floor unit is quiet and peaceful. There is no hustle and bustle of tourists since it is not short term rentable. It has a fresh coat of paint and the stacked washer and dryer was purchased last year. 

Customer Listing Synopsis

Villas at Kehalani
Villas at Kehalani 1403
Wailuku

$969.9K (FS)
A beautiful two-story townhome with attached two car garage, with plenty of storage space, central AC system, upgraded floors, carpet and wood blinds. Spacious 2 bedroom suites with private bathroom. Enjoy the morning sunrise over Haleakala with a cup of coffee on your lanai.
 
 
Vacant Land
 
1827 Hookili Road Lot A
Haiku
$725K (FS)

Hookili Street is located before N Holokai on the hillside on the right of Hana Highway after the bridge, the subdivision called Peahi Hui, with nice homes and paved roads. Enjoy ocean views and a tiny home on wheels to use for now, and move or sell it later, while you design and permit your main home.

Customer Listing Synopsis

 
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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