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Aloha
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In this newsletter:
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Exceptional Luxury
In Wailea Beach Villas
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Market Update
The US is reporting strong gains in newly built home sales across the country. This comes as a surprise to many home builders because the market for newly built homes was projected to come back much more sluggishly. Instead, sales of newly built homes have risen 13% annually.
The only problem with this jump in newly built home sales is that builders who were forced to lay off much of there workforce through March and April due to Coronavirus are now struggling to keep up with the demand. To compound the challenges for home builders, the skilled workforce pool that was low even before the pandemic has now become even more sparse.
Add to that higher costs for materials like lumber, and we may see a serious slowdown in new construction through the rest of the year. As an example of this slowdown, you can look at single-family housing starts which are down 13%, and the number of new building permits filed, which are down 18% annually.
If you have questions about new construction on Maui, or are interested in some of the new developments being built just hit reply on this email!
Mahalo Nui Loa,
Ken Smith R(S), Melissa Smith R(B), and Gregory P Smith R(B)
The Smith Team
P.S. Hawaii residents have eagerly been awaiting Governor David Ige’s decision as to whether or not trans-pacific travel will completely reopen in the coming weeks. So far the administration has talked about using a testing protocol that will allow travelers to show proof of a negative COVID-19 test within 72 hours of traveling to the state. This will grant those with negative tests the ability to bypass the 14-day mandatory quarantine. While strict travel protocols have allowed Hawaii to maintain the lowest infection rate in the country, the lack of tourist traffic has damaged many local businesses and the economy at large.
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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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404 (235)
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206 (40)
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1027 (289)
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-15 |
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Condos
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589 (145)
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165 (50)
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1446 (224)
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+13 |
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Land
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294 (79)
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46 (19)
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152 (19)
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+1 |
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Total
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1287 (459)
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417 (109)
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2625 (532)
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-1 |
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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
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30 Kaikane Pl
Kihei
$1.25M (FS)
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This spacious two-story home has 5 beds, 4 full baths, with another large room that can be used as an additional bedroom! The large master bedroom features a walk-in closet, a beautiful bathroom with a nicely updated walk-in shower, a double sink vanity and ample storage space. There are ceiling fans in every bedroom and in the living area, including 6 brand new Minka Aire fans.
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141 Kahana Nui Rd
Kahana
$1,499,990 (FS)
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Ocean, island & resort views await you at 141 Kahana Nui Road. Located on the northern portion in the exclusive West Maui residential community known as Kahana Ridge, this 2-level home offers privacy, spaciousness and incredible views of the ocean, Kapalua Resort, Molokai and the West Maui Mountains. The home consists of 4 beds, 3 baths, and a 3-vehicle garage.
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40 Hale Alii Pl
Wailea
$3,499,000 (FS)
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Known for its premier location, Wailea Fairway Estates is in the heart of Wailea, directly across from Ulua and Mokapu beaches. Located on the 9th tee of the Blue Golf course, this spacious residence offers ocean views & exceptional outdoor living spaces. A well designed 5 bed, 5 full & 2 half-bath residence is conveniently composed for entertaining family or guests.
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Homes Under $1M
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77 Poniu Cir
Wailuku
$625K (FS)
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This beautiful 3 bed, 2 bath home features plenty of room for a family and a gated yard. Enjoy close proximity to schools and all the government offices. Don't want to get in your car? Great! This is a walking friendly neighborhood. You can walk to Longs, Foodland and even McDonald's.
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5 Manuahi Pl
Haiku
$649K (FS)
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This 3 bed, 2 bath home shows like a model home, and is in excellent condition, inside and out. Walk across the street to restaurants, grocery stores, and the post office. This home is only a mile from Haiku Elementary School. 4G cell, and super fast internet allow for world class communication, so this is a perfect work from home situation. Located 10 minutes from Hookipa Beach Park, you can work , then hit the surf.
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1151 Pookela Rd
Makawao
$699K (FS)
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All the possibilities this corner lot and home offer are incredible at this price. The 3 bed, 1 bath home is totally move-in ready. The kitchen, bath and interior have been updated to give a modern style and open living concept to the home. Appliances are less than a year old and an on-demand tankless electric water heater has been installed which will considerably reduce your electric bill.
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Vacation Condos Over $1M
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Noelani #303A
Napili
$1.1M (FS)
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A rare 3 bed, 2.5 bath, fee-simple unit. Noelani is a direct oceanfront, west facing property with only 50 units. This unit is perfectly positioned on the 3rd floor for optimal views off of both the upper and lower lanais. 3 bed, oceanfront, resort condominiums rarely come on the market, so don't miss your chance!
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Grand Champions #55
Wailea
$1,269,000 (FS)
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Impressively renovated and stylishly furnished describes this lovely 3 bed, 2 bath condo perfectly. The captivating panoramic ocean view will not disappoint. Enjoy a spacious open floor plan with nearly 1400 sf. of interior living space. The generous wrap around lanai is spectacular for relaxing, whale or sunset watching and enjoying a pleasant meal.
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Royal Mauian #205
Kihei
$1,299,000 (FS)
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The lowest priced 2 bed, 2 bath oceanfront unit at time of listing. Spectacular views of the ocean, Lanai and West Maui Mountains are yours as you admire the swimmers, snorklers, surfers, windsurfers and kitesurfers that frolic in the warm ocean waters of Maui. This unit is being sold fully furnished and ready to place in a vacation rental program if the new owner so desires.
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Puamana #55-4
Lahaina
$1,799,000 (FS)
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Enjoy Puamana at its best. Hidden behind the tall areca palms for privacy, this 2 bed, 2.5 bath unit overlooks the pool and grounds. The disappearing nano folding doors open up the living room to flow seamlessly to the outside lanai. Sellers have added in the automatic door sensors that shut down the AC if it is left open for maximum energy efficiency. A brand new AC unit was recently installed that includes 4 new air handlers, one for each room.
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Makena Surf #B202
Wailea
$3,095,000 (FS)
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Location and luxury combine with this rare, 2 bed, 2 bath beachfront opportunity in B building, the most desirable position within Makena Surf, which sits in front of Po'olenalena Beach. A pristine renovation in 2019 and professional interior design finishes mark this unit as the one you've been waiting for!
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Vacation Condos Under $1M
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Shores of Maui #121
Kihei
$525K (FS)
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Just across from Kihei’s Cove Beach Park sits The Shores of Maui, a low-rise vacation rental complex surrounded by some of Maui’s best restaurants, beaches and shopping experiences. This beautiful 1 bed, 1 bath unit has been nicely updated with granite countertops, etched tile flooring and a luxurious walk in shower.
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Aina Nalu #G107
Lahaina
$548,500 (FS)
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Aina Nalu is a popular resort destination in the heart of Lahaina. With its convenient location, guests can walk to their favorite restaurants, shops and beaches from this 2 bed, 2 bath unit. The amenities include 2 pools, a jacuzzi, and barbecue areas, with the West Maui Mountains as the back drop.
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Lauloa #405
Maalaea
$750K (FS)
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Enjoy amazing over the top ocean views and tropical sunsets from Lauloa 405’s living room, as well as the master bedroom and kitchen. Whale watch during whale season from your own lanai and check out the surfers outside Maalaea Bay. The interior of this 2 bed, 2 bath unit has been upgraded with new paint, furniture, light fixtures, fans, hot water heater and a custom barn door in the master bedroom.
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Maui Kamaole #J204
Kihei
$769,900 (FS)
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Maui Kamaole sits within close proximity to South Maui's finest beaches, restaurants, shopping and golf courses. Centrally located in the Jasmine cluster in the middle of the complex, one of Maui Kamaole's most desirable spots. Situated near the upper pool, yet a short distance to the lower pool and tennis courts, this 2 bed, 2 bath unit is very clean and nicely furnished.
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Wailea Ekahi III #50F
Wailea
$870K (FS)
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This beautiful 1 bed, 1 bath unit has an open, very attractive garden view. It has the high ceilings and spacious feeling of its upper floor location. There is a brand new split system air conditioning system, and the unit has been newly carpeted. The unit is a great second home, with solid rental occupancy.
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Residential Condos Over $1M
Keala O Wailea #203-36
Wailea
$1,595,000 (FS)
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Welcome to Keala O Wailea! This newly constructed luxury villa residence is home to some of Wailea's most commanding ocean and outer island views where quality modern construction and world class amenities are the theme. This truly immaculate 2 bed, 2 bath villa has been masterfully updated with a beautiful granite kitchen/back splash, Bosch appliances with gas range, tile flooring throughout the main living space, one touch powered solar shades and upgraded plumbing/lighting fixtures in all rooms.
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Residential Condos Under $1M
Iao Parkside II #22-201
Wailuku
$390K (FS)
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You will find beautiful views of the Wailuku River and Iao Valley from this second floor, 3 bed, 2 bath corner unit at Iao Parkside II. The kitchen has many upgrades including cabinets, countertops, sink, microwave, dishwasher and stove/oven all installed in 2019. The pantry was completely remodeled in 2020. There are new double pane vinyl windows installed throughout the unit, also new in 2020.
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Boardwalk #J
Kihei
$469,900 (FS)
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Bank Owned - A great opportunity to live a few steps from the beach in The Boardwalk Condominiums. Located right on the corner of Halama & Waiohuli Streets, Unit J is a 1 bed, 1 bath with a large loft and a covered lanai with plenty of storage, which is ideal for entertaining. Convenience, value and affordability all combine in this Fee Simple property.
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30 Opalipali Pl
Kula
$524,990 (FS)
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A beautiful and completely usable front row lot in an exclusive gated community of 16 lots and luxury homes. This location is only 15 minutes from Kahului Airport and 10 minutes from shopping. Enjoy unobstructed bi-coastal views with incredible sunsets and a majestic Mt. Haleakala view. At 1100 ft. above sea level you will appreciate sunny and dry weather, but also savor mild cool evenings.
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