Aloha
In this newsletter:
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The Plantation Estates in Kapalua
203 Plantation Club Drive
Kapalua
$19.99M (FS)
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Why Are Interest Rates So High?
American Pacific Mortgage Elliot Eisenberg economist recently released a video about why interest rates are so high.
He breaks down the reasons why and what we can expect in the near future:
The first reason interest rates are so high is because the economy's pretty strong, much stronger than we expected it to be, and that's why interest rates are so high.
The second reason interest rates are high is because of inflation, even though it's come down and remains relatively high.
The third reason interest rates are high is because the central bank, the Fed, is selling some of the treasuries it bought during the worst of COVID in an effort back then to keep rates down.
The fourth reason interest rates are high is because Japan and China are both selling off their treasuries in order to boost their economies, and push up the value of their currency.
The last reason interest rates are so high is because of energy costs. Energy costs are high, which is driving up inflation.
Mahalo Nui Loa,
Ken Smith R(S), Melissa Smith R(B), Gregory Smith R(B)
The Smith Team
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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220 (181)
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107 (70)
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780 (484)
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+7 |
Condos
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217 (110)
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146 (94)
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985 (331)
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NC |
Land
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132 (62)
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28 (11)
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197 (55)
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+6 |
Total
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758 (353)
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281 (175)
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1962 (870)
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+13 |
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
19 Hooiki Street
Kihei
$1.28M (FS)
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Located on the single street subdivision. 4 bedroom 3 bath, 1,863 sqft. home. The value is having two ensuite primary bedrooms, one on each floor. The kitchen, living room, dining area, laundry room, and one primary bedroom which includes its own entrance is on the ground floor and the other ensuite bedroom, with an additional two bedrooms and a full bath is upstairs.
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8 Bermuda Place
Kahana
$2.25M (FS)
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The reverse floor plan was designed to capture phenomenal ocean views. The upper level includes the living room, dining room, kitchen and master suite with private enclosed lanai. The upper outdoor lanai is spacious and is the perfect spot for outdoor dining and entertaining with ocean, sunset and island views.
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13434 Kula Highway
Kula
$2.499M (FS)
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This extraordinary estate epitomizes unrivaled seclusion, boasting indescribable vistas of the boundless ocean, neighboring islands. This property features a stunning 2,478 sq ft main residence with 5 bedrooms and 4 bathrooms, as well as two additional dwellings that offer ample potential for multiple living arrangements or the possibility of additional rental income.
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Homes Under $1M
951 Kuhio Place
Wailuku
$799K (FS)
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This home offers views of the majestic West Maui Mountains, creating a soothing and serene ambiance. The exterior of the property has undergone recent enhancements, including a freshly started sprayed seeded grass with an underground automatic sprinkler system. Additionally, a new retaining wall with a vinyl fence adds both aesthetic appeal and functionality to the property. Inside, this charming home has been thoughtfully upgraded.
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686 Onipaa Place
Makawao
$895K (FS)
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Seamlessly combines the timeless charm of old Hawaii with upgrades completed in February of 2023, including new appliances, luxurious vinyl plank flooring, granite and quartz countertops. Enjoy the cool upcountry breeze through the home and greet the day with pasture vistas off of the backyard lanai.
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2350 Main Street
Wailuku
$899K (FS)
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This wonderful property boasts 1,876 square feet of living space, 3 bedrooms and 1.5 bathrooms, and was built in 2002. Nestled on the way to beautiful Iao Valley, you'll find yourself in close proximity to county and state buildings, and dining and entertainment options just a short walk or drive away.
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Vacation Condos Over $1M
Maui Kamaole C-102
Kihei
$1.15M (FS)
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This ground floor unit lives like your Maui home, but is also in a very popular vacation rental program This turn key, fully furnished condo is beautifully appointed with high end furniture, cabinets, granite countertops, and super spacious living areas. Maui Kamaole is situated over 23 tropical landscaped acres, including 2 swimming pools,2 spas, and tennis courts.
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The Ritz Carlton Residence 1614-1616
Kapalua
$3.65M (FS)
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This residence offers breathtaking views of the Pacific Ocean. With room for up to 6 adults in the two-bedroom configuration, this residence is perfect for both intimate getaways and larger groups. This residence is located in the highly desirable Ocean View category, which has provided some of the highest net income to its owner.
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Makena Surf C-101
Makena
$4.2M (FS)
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This spacious 2 bedroom, 2 bathroom accents an additional den/office area that could easily be converted into a 3rd bedroom. Conveniently located on the ground-floor, this single-level unit and is being offered fully furnished. Soak up the beautiful sunsets all-year round while enjoying whale sightings in the winter months from your oversized covered lanai that extends to the lush lawn for entertaining.
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Vacation Condos Under $1M
Koa Lagoon 303
Kihei
$949K (FS)
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This turnkey short-term vacation rentable unit has breathtaking expansive ocean views from the rare wide and deep lanai, giving the living room, dining room, and kitchen spectacular ocean views. Watch whales breach, take in epic sunsets, walk the beach, or just lay around at the pool. With only 42 condos in the concrete building, you can expect privacy and tranquility, making it an ideal retreat.
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Hale Kamaole 8-171
Kihei
$950K (FS)
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This 1 bedroom, 1 bath ground floor condo at Hale Kamaole offers an unparalleled opportunity to experience the quintessential Maui lifestyle. This unit is located in Building 8. One of the buildings closest to the ocean. From the moment you step inside, you'll be captivated by the charm and elegance of this condo. The open living space seamlessly blends indoor and outdoor living.
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Kamaole Sands 3-202
Kihei
$999.9K (FS)
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Unit was remodeled in 2019 and boasts a spacious and inviting layout, featuring one bedroom and two bathrooms with a large lanai that seats six comfortably. As you enter inside, you'll immediately be captivated by the tastefully designed interior, combining contemporary elegance with a touch of Hawaiian charm.
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Residential Condos Over $1M
Kai Ani Village 9-203
Kihei
$1.199M (FS)
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This unit comes with a rare for a condo detached garage in addition to one other assigned parking stall. Kai Ani boasts one of the best pool complexes outside of a resort including covered eating and BBQ area, cabanas and jacuzzi. You really must see this gorgeous unit to fully appreciate.
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Wailea Palms 2708
Wailea
$1.85M (FS)
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This top floor, 2 bedroom 2 bath private residence was originally used as a model for the developer. Unit boasts an unobstructed ocean view from every room, new split AC, new dishwasher, new cooktop, new oven and new microwave. You will love the spacious lanai, where you can relax and enjoy the sunset over the Pacific Ocean.
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Hokulani Golf Villas 121
Kihei
$2.15M (FS)
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This tastefully upgraded and meticulously maintained home awaits your arrival, offering the ideal blend of modern living and tranquility. This flexible residence boasts a single-level 2 bedroom layout with an additional office/den, providing the simplicity of condo living with the spaciousness of a single-family home.
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Wailea Palms 2803
Wailea
$2.3M (FS)
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Completely remodeled a few years ago, this private and quiet ocean view unit is the largest floor plan with two bedrooms, two baths, and two large lanais. The third bathroom was converted into a large laundry/utility room that also has a 2nd refrigerator. Some ocean views from nearly all rooms.
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Keala O Wailea 4-201
Wailea
$2.925M (FS)
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This exceptional condominium offers the perfect combination of resort-like living and ease. As you step inside, you'll be greeted by breathtaking ocean views and the lush greenery of the Wailea Golf Course. This remarkable view is seamlessly integrated with an oversized wrap-around lanai, creating an outdoor oasis perfect for watching the sunset over the ocean.
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Residential Condos Under $1M
Keonekai Villages 26-101
Kihei
$729.9K (FS)
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This unit, welcomes you with it’s inviting and cozy ambiance that perfectly complements the laid-back Maui lifestyle, designed for maximize comfort and functionality. Located in the coveted region of South Maui, Keonekai Villages is a delightful community that offers the very best of island living for the price. This adorable unit is a gem offering a lifestyle that dreams are made of.
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Villas at Kenolio 13-A
Kihei
$749K (FS)
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A well maintained 2 bedroom 2 bath plus large loft, highly desired 2nd floor unit. Featuring vaulted ceilings that give an open and spacious feel with great natural light. Recently replaced carpet, renovated vanities and fixtures in both bathrooms, quality plantation shutters and ceiling fans, 3 in room A/C units, solar hot water heater and large interior storage closet.
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Flats at Kamalani 1308
Kihei
$808K (FS)
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This spectacular unit comes fully furnished and ready to go. All high end fixtures and complimenting furnishings make this an easy buy. Step into this beautifully appointed end-cap, 3 bedroom, 2 bathroom home in the new Kamalani complex and you have a tastefully put together home with a galley kitchen with Stainless appliances plus a Brand new refrigerator.
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Kai Ani Village 1-202
Kihei
$875K (FS)
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Upstairs, 2 bedroom 2 bathroom condo at the desirable Kai Ani complex in the heart of Kihei is now available. New(ish) carpet and paint throughout. Cherry-wood cabinets and granite in the fully appointed kitchen. Enjoy the beverage of your choice from your lanai with Haleakala views.
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Vacant Land
1900 Pulehu Road
Kula
$7M (FS)
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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.
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