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Aloha
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In this newsletter:
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Stunning Plantation Style
235 Wailau Place
Lahaina
$3.995M (FS)
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Maui County Housing Prices Reach All-Time High While Sales Volume Drops in September
The median price of a single-family home came in at more than $1.4 million in September — an all-time high, according to the Realtors Association of Maui.
The new peak in Maui housing prices came amid the association’s reports of mixed sales trends for Maui County in September: declines in overall sales volume; increases in prices.
In September, the number of single-family homes fell 22.7% to 51, but prices rose 8.8% to $1,408,287. For condominiums, the pattern was similar, except with a higher, double-digit percentage jump in prices: The number of units sold was down 25.4% to 50, but prices were up 27.1% to $990,000.
The association’s metric for housing affordability was an index figure of 30 for single-family homes in Maui County, no change from September 2023 and two index points higher than the year’s lowest index point of 28 in June. For condos, the index was 43 in September, down 12.2% from the same month last year.
The index figures show regional housing affordability. For example, an index of 120 means the median household income is 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.
Meanwhile, for those who can afford to be in the Maui real estate market, buyers and sellers are taking longer to make deals. The number of days on market for single-family homes increased 12.4% to 118 days; for condos, the number shot up 31% to 135 days.
The public is encouraged to visit https://www.ramaui.com/ to see what’s happening in the Maui County housing market. Consumers have the ability to browse single-family home and condominium listings available for sale on Maui, Molokaʻi and Lānaʻi, and to see a comprehensive list of Open Houses. Searches can be done by geographic location, residential type and/or price range, and https://www.ramaui.com/ provides useful information about buying and selling real estate in Hawaiʻi.
"This article is sourced from Maui Now."
Mahalo Nui Loa,
Ken Smith R(S), Melissa Smith R(B), and Gregory P Smith R(B)
The Smith Team
P.S. Toyota Hawaiʻi sponsors free admission to Kula Country Farms’ Pumpkin Patch for Kamaʻāina this Sunday.
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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336 (288)
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135 (102)
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740 (539)
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+7 |
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Condos
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690 (283)
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77 (29)
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903 (395)
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-14 |
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Land
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181 (75)
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37 (11)
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183 (79)
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+6 |
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Total
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1207 (646)
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249 (142)
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1826 (1013)
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-1 |
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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
9 Wehi Way
Kahului
$1.149M (FS) |
You'll love this move-in ready and updated 4 bedroom 2.5 bath 2-story island style residence located on a cul-de-sac street with a generous sized landscaped yard. Take note of the distance between the neighboring homes, and property backs up to vacant land which offers added privacy and openness.
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62 Moolu Street
Wailuku
$1.628M (FS) |
Two-story home well maintained home. Covered Front Porches. Nice large backyard. Split Air Conditioning in living room and bedroom in main house. Two vehicle garage for main house. Close to shopping, hospital, schools, and cultural events. Roads and Park are dedicated to the County of Maui. Features include mirrored wardrobe doors, stamped concrete entry and parking areas.
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39 Kamila Street
Kula
$2.1M (FS) |
Fantastic opportunity to own this wonderful 3 bedroom, 3 bath home and 1 bedroom, one bath accessory dwelling located in the Kula Highlands subdivision. The property features beautiful bi-coastal views of the North and South Shores and mountain views of the West Maui Mountains and Haleakala.
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220 Paia Pohaku Place
Launiupoko
$4.65M (FS) |
Welcome to a 4 bedroom 4 bathroom, 3,069 square foot luxury home with one of the most private and protected lots in Launiupoko. From the moment you enter the driveway the mature landscaping and Monkeypod trees on the property set the scene for this private ocean view retreat featuring a large outdoor pool/spa area with sauna and outdoor shower.
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Homes Under $1M
93 Maluhia Drive
Wailuku
$650K (FS) |
Charming and meticulously cared for 3 bedroom, 2 bathroom home, spanning 936 square feet in historic Wailuku. Step through the front door and be embraced by the inviting ambiance of a beach house, painted in serene ocean blues and warm Maui sun yellows. The great room, featuring beautifully refinished concrete floors, is bathed in natural light.
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998 Kauhikoa Road
Haiku
$775K (FS) |
The Kauhikoa Hale is very beautiful and isolated place. The spacious living room opens to kitchen, 2 bedroom 1 bath home with covered Lanai, attached carport with a separate laundry room and a storage room. This home comes with extra parking spaces before carport and there is an assigned one visitor parking separately.
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418 Lihi Street
Kahului
$895K (FS) |
This 3 bedroom, 1.5 bath home is a contractor's special, offering 1,024 square feet of living space bursting with potential. Situated on a generous 13,088 square foot lot with R-3 zoning, this property provides ample opportunity for expansion, including space for two additional dwellings.
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1130 Hana Highway
Hana
$925K (FS) |
This home, remodeled in 2018, features a split plan of upper and lower living with expansive lanais. The views of this tropical landscaped property are fabulous, with ocean and mountain views. This sunshine home is light and bright and allows you to enjoy the rainbows of Hana and even whales in season.
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Vacation Condos Over $1M
Menehune Shores 326
Kihei
$1.249M (FS)
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Beautiful 2 bedroom 2 bath unit with fabulous ocean views in Menehune Shores. Watch the whales from your ocean-front lanai during whale season. Menehune Shores is hotel-zoned and this unit is fully turn-key furnished.
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Maui Sunset B-319
Kihei
$1.399M (FS)
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This upgraded Maui Sunset 2 bedroom 2 bath condo with huge views of the ocean, Maalaea Harbor, West Maui Mountains, the island of Lanai, and amazing views of Haleakala from the bedrooms. From your kitchen, living room, and lanai you'll watch whales breeching, turtles and windsurfers playing, and sunsets year-round.
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Polo Beach Club 408
Makena
$4.4M (FS)
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The creative, extensive and elegant remodel redefines the interior living experience. Open gourmet kitchen features a granite island with bar seating, superior appliances and mainland-acquired custom cabinetry. Travertine flooring throughout, complemented by custom-selected area rugs and runners.
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Vacation Condos Under $1M
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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Wailea Palms 3508
Wailea
$1.599M (FS)
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A top floor, 2 bedroom 2 bath unit situated in the lower quiet area of the complex.has a desired north facing location allowing for maximum use of the nearly 300 sq ft partially covered lanai. There are wonderful ocean views with west Maui in the background from the primary bedroom, lanai, and living room.
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Residential Condos Under $1M
Harbor Lights D-123
Kahului
$193K (FS)
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Featuring a generously sized interior with notable upgrades, including a modernized kitchen and new windows throughout. The living room and bedrooms are both spacious, providing comfortable living areas. This is a fantastic opportunity to own Real Estate on Maui.
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Iao Parkside 9-203
Wailuku
$485K (FS)
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This unit shows well and offers all major appliances with dishwasher, a window AC and floor to ceiling mirror in the living room that makes the interior have a spacious appearance. The location of the unit is in the interior section of the first phase next to the recreational center that provides extra visitor parking and away from the street traffic so it is quieter.
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Keonekai Villages 27-201
Kihei
$580K (FS)
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This desirable top-floor unit offers two bedrooms and two baths, featuring the largest floor plan available in the complex. This condo is set back from the road, offering added privacy. This is an opportunity for those looking for a steady rental income. Pet owners will appreciate the pet-friendly policy and the nearby community park, perfect for outdoor activities.
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Villas at Kenolio 13-C
Kihei
$650K (FS)
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Amazing opportunity to own an immaculate 2 bedroom 2 bath, plus Large Loft unit at The Villas at Kenolio. This unit presents one of the only charcoal grey Corian countertop kitchens with spotless black appliances and plenty of room for entertaining on the 18 inch counter buffet. The flooring is tiled and carpeted throughout.
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Vacant Land
 411 Wekiu PlaceKaanapali
$695K (FS)
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This rare offering presents a unique opportunity to create the home you've always envisioned, tailor-made to accommodate your preferences and a truly bespoke lifestyle. See yourself waking up to breathtaking ocean and outer island views where the shimmering Pacific stretches to the horizon, offering a daily panorama of the greatest show on earth.
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340 Aulii Drive
Kula
$1.25M (FS)
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Don't miss this all usable, two plus acre parcel, as offerings in this great neighborhood are rarely available (homes or land). Build your Dream home, estate plan or invest, this is an opportunity not to be missed. Walk to the Kulamalu Town Center, and the Farmer's Market. All of upcountry's best schools are minutes away.
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