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Aloha
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In this newsletter:
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Magnificent Maui Oceanfront Estate
400 Mehana Road
Haiku
$13.76M (FS)
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For those of you who follow our weekly market watch and Newsletters, you most likely know that home prices have been on the rise this year despite lower sales and more listings. As you can see from what Jeff Simonsen, President of Altos Research, wrote below, it appears that most of the rest of the country is also experiencing the same thing.
"We track inventory and home sales very closely around here, but to be honest, the biggest surprise to me this year has been the resiliency of home prices.
Given the unrelenting mortgage costs, generally weak home buyer demand, and the year’s rising supply of unsold homes, I’ve been expecting home prices to recede a bit in the second half of this year, and they simply have not. That’s probably an important lesson for looking into next year. All the dominant trends in the housing market this year seem like they would indicate home prices declining. But with just a few local market exceptions, home prices nationally will finish the year up again. Home prices will go into 2025 with some upward momentum."
To gain a deeper understanding of Alto Research and its market insights, here is the full video where they explain their approach." https://www.youtube.com/watch?v=40yGJNK8J10
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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334 (286)
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137 (104)
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734 (534)
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-2 |
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Condos
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679 (280)
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80 (28)
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906 (399)
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-11 |
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Land
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183 (78)
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31 (8)
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187 (82)
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+2 |
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Total
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1196 (644)
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248 (140)
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1827 (1015)
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-11 |
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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 the number of active listings from the previous week.
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Homes Over $1M
3202 Hoomua Drive
Kihei
$1.15M (FS) |
This beautifully remodeled 3 bedroom, 1 bath, 950 sq. ft. oversized cottage truly has it all. A fully renovated home in one of South Maui’s most desirable neighborhoods with contemporary finishes, ocean views, a spacious lanai and private yard all for the low $1M range is incredibly hard to come by.
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3863 Mahinahina Street
Lahaina
$2.4M (FS) |
The property features three distinct living spaces, each with its own private entrance. The upstairs residence is a spacious 4 bedroom, 3 bathroom unit w/ with a fully equipped kitchen. Enjoy breathtaking ocean and mountain views from the expansive lanai perfect for relaxation, barbecues, and whale watching.
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134 Pihaa Street
Kaanapali
$3.85M (FS) |
This is one of the largest and most stunning custom homes in the Kaanapali Hillside neighborhood, with a very welcoming and functional two-story reverse floorplan that allows one to entertain large parties very easily, but also offers much desired privacy. Guests will appreciate the ocean views from the living room, lanai, kitchen and dining area.
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Homes Under $1M
924 Puuloa Street
Wailuku
$850K (FS) |
This property offers a 6,000 sq ft lot with a total living area of 2,384 sq ft. The property is divided into 3 separate dwelling units. Enjoy a partial ocean view from the rear of the property. With significant potential and ample square footage, this home presents an excellent opportunity for investors.
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1119 Onaha Street
Wailuku
$850K (FS) |
The property highlights a 3 bedrooms, 2 bathrooms, and a study/den with open-concept layout that has endless possibilities. The spacious lot is perfect for BBQs and hosting parties. Minutes from shops, restaurants, beaches, hospitals, airport, and golf courses. Enjoy a cool climate and serene ocean views.
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1130 Hana Highway
Hana
$925K (FS) |
This home, remodeled in 2018, features a split plan of upper and lower living with expansive lanais. The views of this tropical landscaped property are fabulous, with ocean and mountain views. This sunshine home is light and bright and allows you to enjoy the rainbows of Hana and even whales in season.
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41 Ani Street
Kahului
$980K (FS) |
Fully remodeled in 2022, this stunning single-family home in Kahului boasts 3 bedrooms and 2 bathrooms. The modern upgrades include an open-concept kitchen, stylish finishes, and energy-efficient features such as photovoltaic panels.
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Vacation Condos Over $1M
Grand Champions 67
Wailea
$1.085M (FS)
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This beautiful 1 bedroom, 2 bathroom ground-floor condo, located on the scenic second fairway of the Wailea Blue Golf Course. With ocean, mountain, and fairway views, this condo offers resort-like living in one of Wailea's most desirable locations. The spacious, private lanai is the perfect spot for enjoying morning coffee or watching incredible Maui sunsets.
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Mana Kai 406
Kihei
$2.199M (FS)
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This condo offers a seamless blend of modern elegance and beachside charm. has been tastefully remodeled featuring bamboo cabinets, Corian counter tops, and stainless steel appliances. Every detail has been meticulously curated to create an inviting atmosphere. Enjoy the amazing ocean views from both bedrooms.
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Kapalua Golf Villas 25T3
Kapalua
$2.49M (FS)
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Unit 25T3 is the first 3 bedroom unit to come available in several years. The peaceful setting and spacious floor plan is a perfect gathering place for your friends and family. Imagine waking up to breath taking Ocean Views and the lush scenic tranquil view of the Kapalua Golf Course.
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Honua Kai - Hoku Lani SR-536
Kaanapali
$2.545M (FS)
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This 5th floor corner units offers not only an ocean view, but also the beautiful green West Maui mountains. Just below you have the large expansive green beltway lawn area. This sought after corner location truly brings the outdoors in. Very large lanai gives you full outdoor living right from your island home.
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Vacation Condos Under $1M
Hono Kai B-10
Maalaea
$499K (FS) |
This impeccably maintained unit showcases a bright and open living space with a sensible remodel. Open the doors to a private lanai offering a partial ocean view, where you can relish in gentle ocean breezes and breathtaking sunrises and sunsets.
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Kalama Terrace L-204
Kihei
$525K (FS) |
Welcome to this charming 1 bedroom, 1 bath unit at Kalama Terrace! This condo features a newer gas stove and refrigerator, along with granite counters in the kitchen and updated wood cabinets, tiled shower walls, and tiled floors throughout. Enjoy the view of the peaceful grounds from your covered lanai area. Unit comes fully furnished.
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Koa Kai 18
Kihei
$530K (FS) |
Unit is a 1 bedroom, 1 bathroom home with a loft, located on the third floor. This pet-friendly complex offers a serene escape, yet remains conveniently close to all the island's amenities. Start your day with coffee or unwind with a cocktail on your private lanai, where you can soak in the daily sunset.
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Kamaole Sands 8-409
Kihei
$875K (FS) |
This stunning 2 bedroom, 2 bath vacation rental condo is the lowest priced unit at Kamaole Sands at time of listing. This Kihei Condo comes fully furnished with mountain and ocean views that capture the true essence of island living. Kamaole Sands offers resort living at its finest on 15 acres of tropical landscaping with pools, hot tubs, tennis courts, pickel-ball courts, BBQ areas, on site activity concierge and a fitness center.
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Residential Condos Over $1M
Makalii at Wailea 103 (15C)
Wailea
$3.77M (FS)
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This 3 bedroom, 3 bathroom home features a separate casita which offers a wonderful private retreat for your guests. This home, surrounded by lush gardens and ideally positioned within the complex, delivers welcome privacy and solitude. You will enjoy expansive ocean views from the main and lower levels. From the casita, you will enjoy the striking Haleakala views while overlooking the 14th green on the Blue Course.
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Wailea Point 1904
Wailea
$3.95M (FS)
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This home is beautifully decorated, and is being offered fully furnished by the seller for your turn key Maui lifestyle. Authentic Koa doors add to the traditional Hawaiiana feeling of warmth and elegance. This immaculately maintained 2 bedroom villa along with the loft was thoughtfully designed for everyday living and for entertaining multi generations.
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Residential Condos Under $1M
Harbor Lights D-123
Kahului
$193K (FS)
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Featuring a generously sized interior with notable upgrades, including a modernized kitchen and new windows throughout. The living room and bedrooms are both spacious, providing comfortable living areas. This is a fantastic opportunity to own Real Estate on Maui.
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Kihei Villages 49-103
Kihei
$495K (FS)
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This 2 bedroom, 1.5 bathroom gem is ready for your vision and creativity. With 750 sq ft of living space, this blank canvas awaits your personal touch to transform it into a stylish retreat. Key features include stackable in-unit laundry, a fully covered lanai for relaxing evenings, and a gated, fenced yard enhanced by privacy palms perfect for pets and outdoor enjoyment.
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Kihei Shores E-204
Kihei
$650K (FS)
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Where sophistication meets comfort in this beautifully revamped 3 bedroom, 2 bathroom condominium. Nestled just steps away from the pristine shores of South Kihei, this retreat beckons with its exquisite upgrades and thoughtful touches that elevate everyday living. As you cross the threshold, be greeted by sleek, high-end tile floors that pave the way to a meticulously designed living area.
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Iao Parkside 29-206
Wailuku
$680K (FS)
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This wonderful second-floor unit combines ample space with affordability and an ocean view from your covered lanai, master bedroom and living room. The 980-square-foot condo, sold fully furnished, features 3 bedrooms, 2 bathrooms, and a corner location with lots of natural light. The bathrooms and kitchen were remodeled in 2020 giving a modern flare.
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Vacant Land
 50 Pauwela Road Haiku
$449K (FS)
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Don't miss this amazing opportunity to build your dream home in one of the most convenient locations on the North Shore of Maui. Situated directly across from Haiku school, this almost half acre lot is only 3 minutes from Haiku town center, 5 minutes from Ho'okipa Beach park and 10 minutes from Pa'ia town.
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