|
Aloha ,
In this newsletter:
Short Sales
Homes
Condos
Land (0)
New Properties (0)
Price Reductions (0)
|
Rare Makena Private Resort Like Estate
|
Market Update
Millennials, also known as Generation Y are the demographic age group ranging from approximately 14-34 years old. As housing becomes more affordable why aren't we seeing many first time home buyers from this generation?
With interest rates historically low the conditions seem right for first time home buyers but it is high rent rates that plague millennials. They tend to favor housing markets where home prices are still very high compared to wages. Markets like Honolulu, Austin, New York and San Diego. With the majority of millennials being renters in these markets CNBC calls housing a "millennial mismatch."
It is difficult for millennials to save money for a down payment when on average their rent is 30% of their income. Millennial renters say they do plan to buy a home someday but expect to be renters for the next three years.
Have a wonderful week
Mahalo Nui Loa,
Lindsey for The Smith Team
Ken, Melissa, Greg and Lindsey
P.S. - The Holidays are here and we want everyone to stay safe this Holiday season, so here's 12 Holiday safety tips.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S)
|
Follow Us
  |
Market Watch
| |
Active
|
Pending
|
Sold
|
Change
|
|
Homes
|
563 (275)
|
210 (33)
|
952 (185)
|
-8
|
|
Condos
|
867 (222)
|
186 (15)
|
1200 (174)
|
+26
|
|
Land
|
384 (132)
|
22 (3)
|
171 (26)
|
+4 |
|
Total
|
1814 (629)
|
418 (51)
|
2323 (385)
|
+22
|
|
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
|
595 Kumulani Drive
Maui Meadows
$1.979M (FS) |
A Maui Meadows Masterpiece. The attention to detail is evident as you enter this finely crafted custom home. The exquisite finishes throughout will impress even the most discerning buyers. The upper level opens to sweeping views of the Pacific Ocean, Kahoolawe, Molokini, Lanai and the green Haleakala mountainside.
|
|
389 Wekiu Place
Kaanapali
$1.995M (FS) |
This spacious 2 level home is located in the Summit Estates, a prestigious gated community within Kaanapali Golf Estates. The residences floor plan was built with all the main living space on the second level resulting in maximizing the panoramic ocean, island, sunset and West Maui mountain views.
|
57 Oheala Place
Makawao
$2.5M (FS) |
A white picket gated neighborhood situated 1000 ft above sea level, perfect for bi coastal views. All properties in the Mauana'olu Subdivision off of Baldwin Avenue are 2+ acres, creating spacious land and privacy between each parcel.
|
Homes Under $1M
|
411 Kalua Road
Wailuku
$579K (FS)
|
Excellent opportunity to own 2 charming homes in the heart of Wailuku town within strolling distance to the library, schools, government buildings and restaurants. These single level custom designed homes have been lovingly cared for by the original owners.
|
|
4289 Hana Highway
Hana
$595K (FS)
|
Very charming and spacious 3 bedroom, 2.5 bath plantation style home with lots of covered decking, high ceiling and an open style kitchen. This home along with 638 sq.ft. 1 bedroom, 1 bath cottage is on an agricultural zoned 1/2 acre lot and is located just minutes from the heart of Hana town, the beautiful Hana Bay and hotel.
|
|
566 Papau Street
Kihei
$665K (FS) |
This 5 bed/3 bath Ka Ono Ulu Estates 2-story home has been totally re-done inside and out! New flooring: custom tile, limestone, carpet, and Brazilian cherry wood laminate. There are West Maui and Haleakala mountain views from the upper level living, dining, kitchen and bedrooms.
|
Vacation Condos Over $1M
|
Royal Mauian #315
Kihei
$1.155M (FS)
|
Enjoy spectacular Ocean Views from this beachfront, 2 bedroom, 2 bath Royal Mauian unit, with direct access to the spectacular white sandy Kamaole Beaches! This beautiful unit offers amazing ocean views from the living area, lanai and bedroom!
|
Kapalua Bay Villas #19B1
Kapalua
$2.1M (FS)
|
Ocean front living at its best. Oneloa Beach below and steps are right there below the unit. Whale watching in the winter is the very best and they feel so close at times.
|
Vacation Condos Under $1M
|
Kihei Kai Nani #232
Kihei
$329K (FS)
|
Freshly updated end unit in popular Kihei Kai Nani, located in the heart of Kihei Town. Lots of light in this desirable vacation rental, located across the street from beautiful Kamaole II Beach.
|
|
Maui Kaanapali Villas #A-307
Kaanapali
$499K (FS)
|
Maui Kaanapali Villas is a low density resort located on world famous Kaanapali Beach. Situated on more than 11 acres of lush, mature landscaping, Maui Kaanapali Villas is truly a tropical island oasis.
|
Kahana Sunset #C-3
Kahana
$675K (FS) |
Kahana Sunset C-3 is a beautiful 2 bedroom 2 bath townhouse with an ocean & sunset view from its 2 lanais. C-3 has been remodeled with quality white Birch cabinets, Caesar stone counters, stainless steel appliances, tiled floors and has a bright Island style decor.
|
Maui Banyan #G-502
Kihei
$725K (FS) |
Maui Banyan G-502 impresses with dazzling ocean views and seasonal whale watching, encompassing the West Maui Mountains plus the outer islands of Lanai, Molokini, and Kahoolawe.
|
Maui Kamaole #G-208
Kihei
$895K (FS) |
Front row, ocean view, excellent remodel and close to the beach walk. This unit has everything that makes a great vacation rental or a very nice home away from home.
|
Residential Condos
|
Lahaina Residential #126
Lahaina
$247K (FS)
|
Now is your chance to own a condo in Downtown Lahaina. This is a really cute unit located on the ground floor in a private setting. The complex is walking distance to the shops, restaurants and Baby Beach.
|
Boardwalk #G
Kihei
$297.5K (FS) |
The only condo property on beautiful Halama Street, one of Maui's top neighborhoods. Property entrance is 20 feet from the sand beach entryway, on the ocean side of Kihei Road at the very end of Waiohuli St.
|
Villas at Kenolio #6D
Kihei
$429K (FS) |
Beautifully landscaped grounds await you as you enter one of the newest complexes in Kihei, located across the street from a 4-mile stretch of sandy beach. Inside you'll love the hand scraped wood floors in this open floor plan.
|
Vacant Land
|
50 Naniuka Place
Makawao
$525K (FS) |
Olinda Ranch Estates is a 10 lot gated Subdivision just past the 4 mile marker on Piiholo Road. This fenced 2.2 acre lot has a gentle slope with building sites for a main house and cottage.
|
|
