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
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Issue 1070 October 4th, 2023
 

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 (3)
Condos
Land
New Properties 
Price Reductions  

Short Sales
Homes

Condos
Land
New Properties

Price Reductions 

Balinese Design & Luxurious Functionality
   81 Iliahi Way   

81 Iliahi Way
Launiupoko

$8.595M (FS)
 
September Market Report
Sept-23-Maui-Market-Report-Web-Preview-1280x1264

Maui's real estate market is seeking relief in the face of several challenges. An already tight housing situation is being exacerbated by the fallout from the Lahaina fires, rising mortgage interest rates, and significant decrease in visitors to the island. September and October have historically been the slowest month for Maui real estate.

SINGLE-FAMILY HOME TRANSACTIONS

In September, the median sales price for Maui single-family homes reached a new all-time high of $1.3 million. All primary market areas reported a median sales price above $1 million, with the exceptions of Pukalani and Nahiku.

CONDOMINIUM TRANSACTIONS
Demand for condos continues to wane, with both total sales and median prices declining since their peak in March.

 
PDF Market Report
 

The Maui residential summary is available to download at https://blog.islandproperties.com/market-reports/

Mahalo Nui Loa,

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

The Smith Team

P.S. Kaulana Mahina workforce housing to begin application and lottery process. Click here for more information.
Follow Us
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Market Watch
 
Active
Pending
Sold
Change
Homes
213 (172)
106 (72)
788 (490)
-1
Condos
217 (106)
149 (97)
991 (335)
+13
Land
126 (57)
 29 (12)
199 (56)
-8
Total
556 (335)
284 (181)
1978 (881)
+4
 
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.

 

Homes Over $1M

995 MAKANI
995 Makani Road
Pukalani
$1.1M (FS)
Bank Owned. This property presents an excellent opportunity to experience easy upcountry living and own a large home on almost a third of an acre of land, complete with refreshing upcountry breezes and breathtaking bicoastal views. This unique property offers a great chance for you to live with extended family members or rent out separate units located downstairs, away from the main living area upstairs. 
12 Lio Poele
12 Lio Poele Place
Kihei
$1.525M (FS)
This single level 3 Bedroom, 2 Bath home is located in the highly desirable south Kihei neighborhood of Ke Ali'i Kai. Walk to the beach and to restaurants. And Kamali'i Elementary School is only 3 blocks away. This well maintained home boasts an open floor plan that opens to a beautiful lanai and yard with a hot tub. This lovely home offers privacy and tranquility. This is a must see and will not last.
66 Puu Hale
66 Puu Hale Street
Kaanapali
$1.985M (FS)
An exclusive residence, only a few minutes by golf cart to the world-famous Kaanapali Golf Course. Here, you may partake in all of the luxurious amenities of resort living, from award-winning dining and shopping, to championship golf courses and rejuvenating spas, all while having the privilege of retreating to your own personal residential enclave. 
9 Kili Nahe
9 Kili Nahe Street
Napili
$2.3M (FS)
This beautiful home with detached ohana is located in a gated community within close proximity to the beach, supermarket, cafes/restaurants and the famous Kapalua Championship golf courses. The home offers a 2-car garage, covered lanai, and a 1 bedroom 1 bath detached ohana.

Homes Under $1M

641 Linekona Pl
641 Linekona Place
Wailuku
$485K (FS)
Excellent opportunity to make this your own home with lots of potential. Located in Paukukalo neighborhood, close to "Big Left" surf spot. The house will need to go thru renovation, existing improvement may not match the County Record. Buyers to do own due diligence, house being sold "as is". 
 
 116 Hiwalani Loop 
116 Hiwalani Loop
Pukalani
$732.1K (FS)
Bank Owned. This 1979 built single-family residence sits on an approximately 6711sqft lot with approximately 1196sqft of living space, including a deck and yard. It will need repairs but has so much potential. Make it your own. Jump on this great deal before its gone! Water meter is reported to have been removed and instructions are available through County on re-installation. 
 
112 Miner
112 Miner Place
Makawao
$750K (FS)
All parts of home have been permitted. Home is in need of some tlc but is move-in ready. Any new addition requiring permits will require upgrading from cesspool to septic system. The roof is at end of economic life.
 

Vacation Condos Over $1M

 Papakea Resort 
Papakea Resort A-108
Honokowai
$1.199M (FS)
Located ocean front on the ground floor, you can sit on your private lanai and enjoy the lush green grass and unobstructed panoramic ocean view with the island of Lanai rising magnificently out of the turquoise blue Pacific. Enjoy your morning coffee with the tropical birds and a quiet evening cocktail with the brilliant array of colors at sunset. 
Maui Banyan
Maui Banyan T-103
Kihei
$1.4M (FS)
It has been extensively upgraded throughout. The kitchen features granite slab counters, a beautiful sit down center island, stainless steel appliances and recessed lighting. The bathroom remodels include granite countertops, upgraded fixtures and pulls, walk-in showers, tile flooring and shower enclosures.
Kaanapali Royal
Kaanapali Royal D-202
Kaanapali
$1.595M (FS)
This updated 2 bedroom 2 bath single level unit with 1,534 sf is perfectly located in the complex on the second floor of the D building, with beautiful golf course and sunset views. There are only 5 steps up from the parking lot to the front door, and it is a quick walk to the pool, but not with a direct line of sight or within earshot. 
AA
Kapalua Bay Villas 17G,123
Kapalua
$2.595M (FS)
A tastefully appointed one level, two bedrooms, three bath condominium consisting of 1,529 square feet offering all you desire for a comfortable Maui lifestyle. Located within the oceanfront gated community of Kapalua Bay Villas, you will enjoy the peace and tranquility of this complex with lush tropical grounds, three swimming pools and two tennis courts. Upon entering via a private walkway.

Vacation Condos Under $1M

Maui Vista
Maui Vista 1325
Kihei
$789K (FS)
This spacious 1 bedroom end unit not only boasts partial ocean views but also provides stunning sunset vistas and majestic West Maui Mountains views. Situated in Kihei, this condo is nestled next to some of the most beautiful beaches in the world, making it an ideal choice for beach lovers. One of the standout features of this unit is its larger size compared to other 1 bedroom condos in the complex.
Maui Banyan 2
Maui Banyan H-104
Kihei
$807.5K (FS)
This well maintained, turnkey 1 bed, 2 bath condo is the perfect vacation retreat, with a comfortable 650 square feet of living space that can accommodate up to 4 guests. Located in the highly sought-after Maui Banyan, this complex allows for vacation rentals and is hotel zoned, making it a fantastic investment opportunity. 
Maui Sunset
Maui Sunset A-312
Kihei
$885K (FS)
Your perfect retreat for sun-soaked relaxation, and breathtaking sunsets in this lovely oceanfront resort setting. This pristine and airy 1 bedroom, two-bath condo that underwent a full remodel in 2020, offers an unparalleled opportunity to own in paradise. Partial ocean views, and stunning mountain vistas amid lush, tropical surroundings greet you every day from your private lanai. 

Residential Condos Over $1M

Kai Ani Village
Kai Ani Village 9-203
Kihei
$1.199M (FS)
This upstairs, corner unit in the most serene and tranquil part of this wonderful complex lives more like a home than a condo. Tile floors throughout, granite counter tops in the kitchen and bathrooms. Soft-close, cherry-wood cabinetry and new-ish refrigerator and stove in the spacious kitchen. Enjoy your morning coffee as you look over the peaceful garden setting and the backside of Haleakala. 

Residential Condos Under $1M

Puuone Hale Alii 105
Wailuku
$365K (FS)
Great Ground Floor unit that has been upgraded with all new top of the line appliances & washer/dryer stack, including a "tankless" water heater, all new Luxury Vinyl flooring, new shaker kitchen cabinets, custom cabinet pulls, new black Kohler deep sink with Kohler kitchen faucet, Carrera counter tops.
 
Kihei Villages
Kihei Villages 15-204
Kihei
$599K (FS)
Welcome to this beautifully renovated 2 bedroom, 2 bath condo on Maui! Set on the second floor with a private covered lanai in the tree tops, this condo features a Split AC System, updated flooring throughout, extensive cabinetry in the kitchen along with a beautiful island and gorgeous granite counter tops! The bathrooms have been tastefully updated as well.
 
Keonekai Village
Keonekai Villages 16-104
Kihei
$649K (FS)
This updated ground floor unit features one of the most desirable in the property. The fenced back yard area is uniquely private, perched on a slight bluff overlooking greenery. It's tucked well away from the parking area, so no headlight or noise intrusion. The unit is also a close stroll to the adjoining Keonekai dog park.  
 

Vacant Land

1900 Pulehu
1900 Pulehu Road
Kula
$7M (FS)
Enjoy this serene location while taking in the unique views that are not often experienced in this neighborhood. Open views from Haiku to Makena, Molokini island as well as overlooking Maui's coastlines and the open ocean Channels beyond. This Historical Ranch land is being transformed into a food forest with the potential and location for Farmer's Market.
 
   
 

 
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
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