|
Market Update
The first quarter of real estate on Maui has been a mixed bag with year to date sales for residential units increasing by 3% and condo unit sales decreasing by 3%. The average sold price for residential units was $733,748 (8% increase), and the average sold price for condo units was $442,255 (10% decrease).
Click here for the full report of the new Maui March 2012 sales statistics.
According to Terry Tolman, Realtors Association of Maui Chief Staff Executive, inventories have declined 14-22% over the past 12 months in Residential and Condo classes. With the declining inventory, we are seeing well priced properties getting multiple offers.
In fact, on 8 out of 10 of the properties that our Buyers tried to get, they were competing with multiple offers. In a multiple offer situation, we recommend that our clients submit their highest and best offer. If it does not work out, then, at least, they know they have done their best.
We look forward to seeing how the 2nd quarter does. It is still such a great buyer's market.
Mahalo Nui Loa,
Greg, Melissa, Ken, and Jeremy
P.S. - Here's a great article from Realtor Magazine about the Feds vowing to keep interest rates low till 2014. If you are interested in taking advantage of the low interest rates, get pre-approved from a local lender here on Maui. Let us know if you need a lender recommendation.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
Market Watch for April 30th, 2011
|
|
Active |
Pending |
Sold |
Change |
|
Homes |
609 (273) |
232 (27) |
895 (125) |
-8 |
|
Condos |
924 (179) |
269 (9) |
1150 (82) |
-5 |
|
Land |
507 (114) |
33 (6) |
142 (17) |
+4 |
|
Total |
2040 (566) |
534 (42) |
2187 (224) |
-9 |
|
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
|
15 Kahua Kai Way
Ka'anapali
$1.5M (FS)
|
|
Bank Owned. Great opportunity to complete high end custom home in gated Ka'anapali community.
|
|
330 W Kuiaha Road
Haiku
$2.9M (FS)
|
|
Premiere Haiku estate. No expense or detail was spared in the construction, planning or landscaping. A palatial home with nice ocean views from a massive hot tub. Custom guest cottage offers private accommodations, tastefully designed and executed. Large improved barn offers custom art studio, gallery room, exercise area, dance studio or many other possibilities.
|
Homes Under $1M
|
386 S Papa Avenue
Kahului
$179.9K (FS)
|
|
Bank Owned. Conveniently located across the street from Lihikai Elementary. The value is primarily in the land, which is mostly level. The 2nd bathroom is at the back of the carport, not in the house.
Customer Listing Synopsi
|
|
 160 Ohaa Street
Kahului
$350K (FS)
|
|
Short Sale. Wonderful 3-bedroom 2.5-bath home with detached 2-bedroom 2-bath ohana in Kahului Town! Large lot of approximately 10,846 sq. ft. Beautiful flooring in main house. Lots of windows and light in both homes.
Customer Listing Synopsis
|
|
77 Meheu Circle
Kahului
$379K (FS)
|
|
This is a brand new 2 story 3 bed. 2.5 bath 1,250 sq. ft. single family home in the "New Traditions" community which is located in the Maui Lani Master Planned Community in the heart of Kahului.
Customer Listing Synopsis
|
332 Hiolani Street
Pukalani
$499K (FS) |
|
Short Sale. Dynamic rental property on a large, nicely landscaped lot with a spacious backyard. The main house has 4 bedrooms and 3 baths, along with an additional 2 bedroom, 1 bath attached ohana. The home is on the "view" side of Hiolani Street, with bi-coastal ocean views.
Customer Listing Synopsis
|
594 Naalae Road
Kula
$519.9K (FS) |
|
Bank Owned. Beautiful bi-coastal ocean views from this 4 bedroom / 3.5 bath home in Kula. The interior was recently repainted, new carpet installed, new stove, dishwasher, and microwave. The kitchen has been updated with new granite counter tops. This property has mature landscaping with lots of foliage.
Agent Listing Synopsis
|
Vacation Condo Over $1M
|
Whaler #1201
Ka'anapali
$3.1M (FS)
|
|
"The Penthouse" refers to the best of the rest and #1201 is exactly that. This elegantly appointed private residence offers the most commanding ocean and sunset views 365 days a year. Nestled high a top Tower I at the Whaler on Kaanapali, this magnificent condominium is designed to meet every expectation of luxury and style.
|
|
Wailea Beach Villas PH306
Wailea
$3.325M (FS)
|
|
Breathtaking views, striking features and tastefully decorated. This Wailea Beach Villa boasts sweeping views of Kaho'olawe and Lanai. Enjoy exclusive amenities, two pools, state of the art exercise facility, meeting rooms, underground parking, as well as a private elevator to name a few. Den/office has been appointed to convert to a third bedroom.
|
Vacation Condos Under $1M
|
Pacific Shores A-203
Kihei
$263K (FS)
|
|
Welcome home to this 2 bd. 2 bath 745 sq. ft. condo at Pacific Shores across the street from Kamaole I Beach (aka Charley Young Beach) in sunny Kihei, Maui. Great Haleakala views and moderate ocean views from the lanai and bedroom.
Customer Listing Synopsis
|
|
Ma'alaea Kai #204
Ma'alaea
$339K (FS)
|
|
Million dollar views from this charming rarely available Maalaea Kai oceanfront condo.
Customer Listing Synopsis
|
|
Kapalua Ridge #2512
Kapalua
$545K (FS)
|
|
Come and relax. Stunning views and ambience from one of the best locations at Kapalua Ridge. Easy single level access. This bright and airy condo boasts a freshly remodeled, kitchen, tiled floors and painted walls. Walking distance to world famous beaches and golf courses, shops and restaurants.
Customer Listing Synopsis
|
Residential Condos
Walaka Apartments #8
Kihei
$95K (FS) |
|
Short Sale. Two blocks from the beach. This one bedroom/one bath condo is close to lots of amenities that South Maui has to offer. Remodeled in 2005 with tile and A/C in the bedroom.
Customer Listing Synopsis
|
Maui Lani Terrace C-107
Honokowai
$117.9K (FS) |
|
Bank Owned. This unit appears to have been renovated since it's original construction and shows very well. Over looking to complex's pool and on the ground floor, this unit is in an ideal location.
|
Keonekai Villages 1-102
Lahaina
$188K (FS) |
|
Short Sale. Well priced, freshly painted, this ultra clean, turn-key unit is situated adjacent to an open green belt for quiet living. Facing west, you will enjoy Kihei’s beautiful sunsets.
|
Vacant Land
1050 Anapuni Place
Ka'anapali
$399.9K (FS) |
|
Short Sale. Lanikeha, the only community that offers full acre resort lots, is an exceptional place with commanding views of the renowned Ka'anapali Resort, the coastline, and the Islands of Lana`i and Moloka`i. Amenities at Lanikeha include an exclusive recreational facility with infinity edged pool, fitness center, hydro-spa and much more.
Customer Listing Synopsis
|
|
