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 961 August 3rd, 2021
 

Aloha


In this newsletter:
Market Update
Market Watch
Homes Over $1 Million
Homes Under $1 Million
Vacation Condo Over $1M
Vacation Condos Under $1M
Residential Condos 
Vacant Land 


Bank Owned 
Homes (2)
Condos

Land
New Properties 
(1)
Price Reduction (1)

Short Sales
Homes 

Condos 
Land (1)
New Properties (0)
Price Reductions (0)


Stunning Oceanfront 
Estate


30 Hui E Rd

30 Hui East Road
Kapalua
$11.95M (FS)

Future of Maui Real Estate

 

As we have previously written, it is not difficult to predict the future of Maui Real Estate.  The reason is that historically prices on Maui have followed the California market with a 6 month lag time.

Whenever we have seen a movement one way or another either up or down, it has almost unerringly been the case that Maui follows approximately 6 months later.

So how is the California real estate market doing?  From what we’ve read, it is still a very strong Seller’s market with most sales going over List Price.  There are some indications that the market may be moderating, but that only means it has gone from red hot to hot.

Here is an in depth look at the California Real Estate Market.

Bottom line, barring some major catastrophic event, economic or otherwise, Maui Real Estate prices will most likely continue to climb.  It certainly appears that way looking at our inventory and sales statistics.  This past week, saw one of the highest sales ever recorded on Maui for a home on Keawakapu Beach which was bought by an Internet Billionaire for $45M.

Have a wonderful week.

Mahalo Nui Loa,

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

The Smith Team


P.S. Looking for things to do during the month of August on Maui, here are some ideas for both locals and tourists.

Follow Us
Market Watch
 
Active
Pending
Sold
Change
Homes
202 (151)
244 (110)
1320 (574)
-7
Condos
144 (48)
351 (137)
2113 (507)
+1
Land
162 (77)
 74 (21)
390 (87)
-2
Total
508 (276)
669 (268)
3823 (1168)
-8
 
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.

 

Homes Over $1M

 279 Kamalei Cir 
279 Kamalei Circle 
Kahalui
$1.195M (FS)
This highly sought after single family home includes 3 Bedrooms, 3 Bathrooms and an office or 4th bedroom. Featuring an open floor plan, 14-foot high vaulted ceilings, wood and travertine flooring throughout, the home creates a luxurious yet comfortable feeling. The kitchen and bathrooms all feature granite counter tops with solid wood cabinets.
61 Hoohale St
61 Hoohale Street 
Kihei
$1.5M (FS)
Beautifully maintained single level 3 bedroom 2 bathroom home located in Kilohana Ridge featuring new paint inside and out, new solar hot water heater, new bosch appliances, leased solar, outdoor spa and kitchen. 
 
181 Walua Pl
181 Walua Place
Kihei
$1.899M (FS)
Ocean and Mountain view home in one of the most sought after neighborhoods in Kihei.Dual Master Suites and spacious office upstairs with kitchen, living area, bedrooms, bonus Yoga, Workout, Kids Play room downstairs and large wrap around deck with Ocean Views. 
 

Homes Under $1M

943 Maile St
943 Maile Street 
Haliimaile
$650K (FS)
A well kept, quaint 2 bedroom 1 bath main home, and a spacious and beautiful 1 bedroom 1 bath attached addition. You will see pride of ownership with this plantation home. The Wooden Deck out back invites you to sit and enjoy the back yard, entertain guests, while enjoying the cool breezes that travel throughout the home. 
 
liholani
2811 Liholani Street
Pukalani
$745K (FS)
This home is refreshed, clean, and move-in ready. Enjoy breezy Golf Course living, with peek a boo Ocean and Sunset views of Maalaea Bay & Mauna Kahalawai from the main upstairs level living area. As you enter, you will notice the new lifeproof vinyl flooring in the entryway, stairs, kitchen, and dining areas.
475 kaao Cir
475 Kaao Circle
Kahului
$750K (FS)
Currently the lowest priced house and cottages in central Maui. Bring your tools and bring your vision and restore this home to its previous glory. This home is centrally located and close to the shopping center, doctors and local restaurants. The Main home is a 3 bed 1 bath and room to grow with some creativity.
 
2793 Aina Lani Dr
2793 Aina Lani Drive
Pukalani
$949K (FS)
Relax in this light filled ranch home with huge windows to enjoy the garden and golf course view on the 4th fairway. New split a/c system keeps the home comfortable throughout summer days. Enjoy Sun Kissed parties on the patio with a covered trellis. 
 

Vacation Condos Over $1M

Papakea Resort
      Papakea Resort A-402
Honokowai
$1.625M (FS)
One of a kind 2 bedroom Direct Oceanfront loft style unit at Papakea Resort. Sit back and relax in the living room or on the lanai where you can hear the surf, watch the colorful sunsets, see the whales breach and experience sea turtles swimming by. 
 
Napili Gardens
Napili Gardens B-6
Napili
$1.895M 
(FS)
This beautiful home offers the best combination of quality, comfort, and luxurious amenities featuring 3 bedrooms, 2.5 baths, natural bamboo hard wood floors, updated kitchend and baths, solid butcher block counters, new central AC, upgraded back windows, wine fridge and wine closet, a 2 car garage and sounds of old Hawaii.
 
Honua Kai - Hoku Lani
Honua Kai- Hoku Lani 201
Kaanapali
$5.6M
 (FS)
Located on the south wing of the southern Hoku Lani building, unit 201 is arguably the closest property to the ocean. Offering 3-bedroom and 3-bathroom, this meticulously maintained property is one of the best performing transient vacation rental producers in the community.
 

Vacation Condos Under $1M

Kahana Manor
Kahana Manor 601
Kahana
$575K (FS)
Enjoy ocean views and cool Kahana breezes from this north end top floor premier location at Kahana Manor. This 2 bedroom 2 bath corner unit allows for additional windows to enjoy the ocean and mountain views, natural light and West Maui trades winds. 
Menehune Shores
Menehune Shores 401
Kihei
$899K (FS)
A beautiful furnished 2 Bedroom 2 Bath unit with a full ocean view. It has a fully equipped kitchen, in-unit washer and dryer, and ceiling fans throughout. The resort amenities include an in-ground pool, shuffleboard, an onsite restaurant, and a magnificent rooftop BBQ and dinning area with views for days.
 
Kaanapali Shores
Kaanapali Shores 852
Kaanapali
$975K (FS)
This magnificent 2 bedroom, 2 bathroom, spacious resort condo located on the 8th floor. This end unit offers the privacy you & your guests will treasure along with an extra window for your viewing pleasure. Incredible ocean views, along with views of the island of Lanai.
 

Residential Condos Over $1M

  master  
Masters 1902
Kaanapali
$1.595M
 (FS)
Masters 1902 is a 2nd floor unit that has been highly renovated and offers 2-bedrooms, 2-bathrooms and a bonus loft. It is spaciously laid across 1,544 square feet of living area. Information may not correspond to public records.
 
Kai Malu
Kai Malu 70B
Wailea

$1.95M
 (FS)
This 3-bedroom 2.5 bath unit is the “Lewa Model” with master upstairs for the ocean view. The kitchen features granite counters, stainless steel appliances and has a reverse osmosis system located in the 2 car detached garage. The Master boasts a private en-suite bath, shower, and soaking tub with big views lanai for taking in the glorious Maui Sunsets.  
 

Residential Condos Under $1M

Harbor Lights
Harbor Lights D-318
Kahului

$180K (FS)
This 2 bedroom, 1.5 bath unit with beautiful ocean and mountain views at Harbor Lights. One o the most comfortable units at Harbor Lights with light breeze and ocean views. Great central Maui location next to the college, Maui Arts and Cultural Center, and walking distance to the shopping center.
 
Puuone Towers and Plaza
Puuone Towers and Plaza 305
Wailuku
$255K (FS)
Secured Building, 2 bedroom 1.5 bathroom 3rd floor unit, close to elevator with 1 reserved parking stall. Complex has a swimming pool. Unit has full sized washer and dryer, refrigerator, range, microwave, ceiling fans and recently installed laminate flooring in living room.
 
 
Villas at Kehalani
Villas at Kehalani 2402
Wailuku
$999.5K (FS)
Spectacular views from this recently renovated 3 bedroom 2.5 bath townhome. This floor plan features the entire living area on the ground floor, including the Master Suite. The sellers specifically chose this floor plan, as they bought the unit for their parents.
 

Vacant Land
 
2645 Olinda
2645 Olinda Road
Olinda
$485K (FS)
Opportunity to own a very special lot toward the top of Olinda where pine forests and eucalyptus trees fill the air. Almost an acre of cleared and gentle slope land that is bordered by a 59+ acre lot and DLNR Div. of Forestry and Wildlife on the side. 
 
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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