Aloha
In this newsletter:
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Fabulous Oceanfront
4871 Lower Honoapiilani Road
Kahana
$9.5M (FS)
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3rd QUARTER HAWAII REAL ESTATE REPORT
For an in depth look at how Maui’s real estate market has fared in the first three quarters of the year, we highly recommend you take the time to review The Coldwell Banker Island Properties 3rd Quarter Hawaii Real Estate Summary report. Unlike most reports that compare year-over-year data, our company report compares stats from Q-3 (July through September 2022) to Q-2 (April through June 2022). You can read the full summary report which covers all of Hawaii here. Here’s an excerpt:
“As anticipated, Hawaii's real estate market has returned to “pre-pandemic” levels as sales activity has resumed a more moderate pace and median sales prices have retracted from all-time highs of the last two years. Even though the market has slowed — in part to rising mortgage interest rates and concerns about an economic recession — a general lack of inventory continues to favor sellers. Buyers, however, are beginning to take back control as days on market and the overall number of price reductions have both increased in recent months.”
Regardless if you are a buyer or seller, Maui’s Real Estate market has room for you and our team is ready to help you position yourself to make the most of the opportunities at hand. Despite a more moderate pace, our clients on both sides of recent transactions are walking away very satisfied. As always, let us know how our team can help.
Mahalo Nui Loa,
Ken Smith R(S), Melissa Smith R(B), Gregory Smith R(B) and Rachel Smith Kofron R(S)
The Smith Team
P.S. Happy Halloween! The pumpkin patch is open at the Kula Country Farms everyday from 9 am to 4 p.m. till October 31st for those of you looking for last minute pumpkins to decorate for this season.
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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252 (213)
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123 (71)
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1121 (645)
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+8 |
Condos
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154 (71)
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209 (119)
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1727 (540)
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+4 |
Land
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127 (61)
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35 (9)
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237 (81)
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-1 |
Total
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533 (345)
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367 (199)
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3085 (1266)
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11 |
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
2965 Kauhale Street
Kihei
$1.399M (FS) |
This 4 bedroom 2 bath home also boasts an attached studio/Ohana for extra income or visiting family, friends. Owned Photovoltaic with spacious yard with room for a garden or raised vegetable beds, a pool and maybe even another ohana. Just below the sought after neighborhood of Maui Meadows but priced like a Kihei home.
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9 Kapii Place
Haiku
$1.895M (FS) |
Ocean and mountain views can be enjoyed from the covered lanai. The spacious 3 bedroom, 2 bath home built in 1999 features vaulted ceilings throughout, Oak wood floors, granite counter tops, lots of natural light and an open floor plan for entertaining. Enjoy the country lifestyle, with your own back yard horse barn.
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1437 Front Street
Lahaina
$3.145M (FS) |
Enjoy sunsets year-round and watch as whales pass by. This recently remodeled home features hardwood floors and high-end finishes throughout. The main floor has a gourmet kitchen that opens to a large dining and living area. Home is offered furnished & turn-key.
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356 Kualono Place
Wailea
$3.75M (FS) |
This gorgeous home represents a rare opportunity to experience the best of relaxed island living. A modern masterpiece with sweeping ocean views, this two-story home offers 4 bedrooms, and 4 full and 1 half-bathroom. Step out onto the spacious lower level lanai where you can enjoy dining al-fresco with a calm island breeze or invite guests to cool off in the expansive pool & spa.
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1033 Kai Hele Ku Place
Launiupoko
$4.15M (FS) |
This thoughtfully designed 3 bedroom 2.5 bath home flows through the interior and exterior spaces to capitalize on the unobstructed and lofty views. Stellar execution of craftsmanship and materials are evident. A seperate two bedroom, one bath wing connected by a breezeway imparts a privacy to the ensuite master bedroom.
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Homes Under $1M
856 Kuhua Street
Lahaina
$699K (FS) |
Bank Owned. Large house with multi family potential. Buyer to do their own due diligence. This offers 3 bedrooms 4 bathrooms house is ready for makeover if you have creative mind this property is for you.
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606 Onehee Avenue
Kahului
$765K (FS) |
Single-level home with 4 bedrooms, 1 bathroom & large garage just waiting for a makeover. Great central location in Kahului near shopping, dining, airport and schools, On a decent sized 7,608 sf lot. Plenty of driveway & streetside parking.
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30 Puakea Place
Kula
$775K (FS) |
Enjoy some ocean & mountain views from the living area and deck of this charming 2 bedroom, 1 bath, 712sf Kula home. The vaulted ceilings and plentiful windows create a spacious & welcoming feeling. Laminate flooring was installed in 2019. New ice box in 2019 & new microwave in 2022.
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4885 Hana Highway
Hana
$899K (FS) |
This beautiful two-story, 2 bed 1 bath upstairs and 1 bed 1 bath downstairs mother-in-lawsuite. The property has two covered lanais and a gorgeous, fully-fenced .25 acre yard with a gazebo and plenty of room for gardening. With incredible ocean and mountain views, this home is centrally located near Hana's schools and amenities.
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1851 Makahala Place
Wailuku
$965K (FS) |
Brand new construction of single level 3 & 4 bedroom homes. Designed with a thoughtful open concept and spacious room sizes, these homes are the opportunity you've been looking for. The 4 bedroom floorplan has an oversized 528sf 2 car garage. Construction is scheduled to be completed in early 2023.
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Vacation Condos Over $1M
Vacation Condos Under $1M
Napili Puamala 223
Napili
$550K (FS) |
Well-priced slice of Hawaii paradise is part of one of the most sought after communities on the island of Maui. Relax in comfort in this fully updated and modernized unit with a full kitchen and all the creature comforts one might need. Efficient air conditioning and tile floors throughout the kitchen and bathroom areas keep you cool.
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Kanai A Nalu 320
Maalaea
$719K (LH)
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Welcome to this direct ocean front 2 bedroom 2 bath (suites), 952 SF, end unit, vacation rental condominium at the popular Kanai A Nalu in Ma’alaea in Central Maui. Ocean, Haleakala and outer island views, beautifully appointed.
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Mahana 1212
Kaanapali
$895K (FS)
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Penthouse studio with spectacular panoramic ocean views, year round sunsets, and views of the neighbor islands. Picture perfect spot to watch Maui's humpback whales in winter, and turtles and dolphins playing in the surf below. Rated a "Premium" in the on-site rental management program, this unit is tastefully furnished.
Customer Listing Synopsis
Video/Virtual Tour
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Residential Condos Over $1M
Kai Ani Village 3-103
Kihei
$1.499M (FS)
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This preferred Kala floor plan residence offers the large multi-purpose great room with an open style kitchen, ideal for entertaining, on the main floor with second half bathroom and a lanai retreat where you can peacefully enjoy your morning tea or coffee facing Haleakala views. The master bedroom offers exceptional West Maui Mountain and ocean views and en suite bathroom with walk-in shower.
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Wailea Palms 2706
Wailea
$1.795M (FS)
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The home has all new stainless-steel appliances, fresh paint, new carpet and blinds plus a split system A/C. Wailea Palms is an elegant, gated community that features one of Maui’s most popular pool amenity areas. The expansive panoramic ocean & outer island view from the pool pavilion are exceptional.
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Vintage at Kaanapali 45
Kaanapali
$1.995M (FS)
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Offers outstanding Pacific Ocean, outer island, golf course, year-round sunset and seasonal whaler watching views from both floors. This “D” Floor Plan is the most sought after floor plan at the Vintage offering ample space and single level living with master suite, guest bedroom, open kitchen, living room, and dining area all located on the lower level.
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Residential Condos Under $1M
85 Walaka Street 9
Kihei
$399K (FS)
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A cozy 1 bedroom and 1 bathroom condo located in a low-rise complex with only 11 units and a low maintenance fee. The building is tucked away and only minutes from Charlie Young Beach and The Cove, which are both perfect for paddle boarding, surfing, sunbathing and relaxing on the beach at sunset.
Customer Listing Synopsis
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Maalaea Mermaid 304
Maalaea
$440K (FS)
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Beautiful Ocean View from the lanai of this spacious one bedroom fee-Simple unit. Small complex located next to Maalaea Harbor. Walk to Harbor, Shots and Restaurants. Easy access to Lahaina, Kihei, Kahului.
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Iao Parkside 44-106
Wailuku
$450K (FS)
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This lovely home has a beautifully landscaped fenced-in yard. The interior has an open-concept floor plan with granite countertops, stainless appliances, and a newly remodeled bathroom with floor to ceiling marble shower walls & floor tile. The living room area opens up to a tiled screened-in lanai. The recently updated kitchen nook area has been arched with beveled subway tile.
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Kihei Shores F-202
Kihei
$579.9K (FS)
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Great, quiet location within the complex, a beautiful garden atmosphere, and assigned parking stall close by. Guest parking is plentiful and also within close proximity to the unit. Gorgeous remodel. Bamboo and tile flooring throughout, updated kitchen with granite countertops, bamboo cabinets and shelves, a skylight, and tile backsplash.
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Vacant Land
690 Kai Huki Circle Lot 11
Haiku
$1.5M(FS)
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This 25.33-acre parcel offers breathtaking views of Haleakala and the Pacific Ocean. Lots 1, 2, 3, 7, 12, and 15 have sold, Lots 4, 8, and 11 are under contract, and there are seven more remaining lots. Set atop 130 ft. bluffs at Opana Point, at the northernmost point of Maui’s North Shore.
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