Aloha
In this newsletter:
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Stunning Oceanfront
Estate
30 Hui East Road
Kapalua
$11.95M (FS)
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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.
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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202 (151)
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244 (110)
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1320 (574)
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-7 |
Condos
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144 (48)
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351 (137)
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2113 (507)
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+1 |
Land
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162 (77)
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74 (21)
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390 (87)
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-2 |
Total
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508 (276)
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669 (268)
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3823 (1168)
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-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.
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Homes Over $1M
279 Kamalei Circle
Kahalui
$1.195M (FS)
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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.
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61 Hoohale Street
Kihei
$1.5M (FS)
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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.
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181 Walua Place
Kihei
$1.899M (FS)
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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.
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Homes Under $1M
943 Maile Street
Haliimaile
$650K (FS)
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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.
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2811 Liholani Street
Pukalani
$745K (FS)
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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.
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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.
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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.
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Vacation Condos Over $1M
Papakea Resort A-402
Honokowai
$1.625M (FS)
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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.
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Napili Gardens B-6
Napili
$1.895M (FS)
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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.
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Honua Kai- Hoku Lani 201
Kaanapali
$5.6M (FS)
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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.
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Vacation Condos Under $1M
Residential Condos Over $1M
Masters 1902
Kaanapali
$1.595M (FS)
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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.
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Kai Malu 70B
Wailea
$1.95M (FS)
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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.
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Residential Condos Under $1M
Harbor Lights D-318
Kahului
$180K (FS)
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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.
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Puuone Towers and Plaza 305
Wailuku
$255K (FS)
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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.
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Villas at Kehalani 2402
Wailuku
$999.5K (FS)
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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.
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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.
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