|
Aloha
|
In this newsletter:
|
Ocean and Mountain Views at Wailea Point
|
Market Update
In an interview conducted by Hawaii Business Magazine with renowned real estate expert and part-time Kauai resident Stefan Swanepoel he said that national residential real estate sales have remained stable over the course of the pandemic so far.
When asked what he thought the pandemic and subsequent recession would do for sales prices and inventory in the real estate market Swanepoel seemed largely unconcerned. He said that while the country may be in a recession the pillars of residential real estate remain strong, which are buyer demand and the ability to obtain great financing. While housing inventory continues to drop across the country, Swanepoel said that problem existed well before the pandemic, and as COVID-19 subsides we will start to see those numbers come up again.
This is certainly encouraging news, and the full interview Swanepoel did with Hawaii Business Magazine is certainly worth a read. You can check it out here. If you are curious about the Maui real estate market and what is happening on a day to day basis, simply respond to this email and our team would love to answer your questions.
Mahalo Nui Loa,
Ken Smith R(S), Melissa Smith R(B), and Gregory P Smith R(B)
The Smith Team
P.S. For those who have lost their jobs or had their hours greatly reduced as a result of COVID-19, the extra $600 per week provided by the federal government for pandemic relief has been widely appreciated. That being said, the extra money is set to run out at the end of July, leaving a potential financial gap for many families while the debate to extend pandemic relief is still going on in Washington DC. The State of Hawaii in an effort to prepare for the federal assistance running out passed a $635 million financial recovery package that is backed by the CARES Act. For more information as well as island-specific benefit information, you can read the full article here.
| |
Active
|
Pending
|
Sold
|
Change
|
|
Homes
|
401 (233)
|
214 (49)
|
1030 (285)
|
+5 |
|
Condos
|
652 (151)
|
183 (55)
|
1375 (224)
|
+16 |
|
Land
|
274 (75)
|
59 (21)
|
147 (15)
|
-7 |
|
Total
|
1327 (459)
|
456 (125)
|
2552 (524)
|
+14 |
|
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
|
688 Kumulani Dr
Maui Meadows
$1,195,000 (FS)
|
A peaceful and serene 3 bed, 2 bath oasis at the top of Maui Meadows. Stroll the park like setting of the lush .58 of an acre, while picking mangoes and relaxing in the gentle warm trade winds. This home boasts a very impressive and expansive ocean view which can be seen from the kitchen, living room, master bedroom, second bedroom, and the over sized covered lanai.
|
|
129 Iliwai Loop
Kihei
$1.2M (FS)
|
A beautiful 3 bed, 2 bath home with contemporary finishes and beach motif. Enjoy ocean views, a spacious deck, an amazing outdoor meeting space, a living wall, 2 large workshops, an artist's studio, private boat parking, a tackle/gear shed, plus so many other extras that you will be blown away.
|
|
310 Piliwale Rd
Kula
$1,875,000 (FS)
|
Enjoy the bi-coastal views from this single-level, 3,235 sf. Kula home on 2.54 acres. This property is in a very private location with the perfect year-round climate. The elevation is approximately 1800 ft. This property features 3 beds (all with walk-in closets), 3 baths, a great floor plan that includes a living room as well as a family room and maple hardwood flooring throughout.
|
|
271 Front St
Lahaina
$3,125,000 (FS)
|
This is only the second time this 3 bed, 3 bath home has been on the market since 1942! This is an oceanfront, plantation style, high ceiling home set on over a quarter acre of land with approximately 180 linear feet of frontage offering ocean and neighbor island views! Lots of possibilities for this great location on the quieter, south side of Lahaina town.
|
|
475 Hana Hwy
Kuau
$3.6M(FS)
|
A 4 bed, 1 bath home sitting oceanfront at Tavares Bay. Features a large lot with an old-style, charming kamaaina home and cottage. The main house has been partially remodeled this year with a new roof, kitchen remodel, and great room remodel. A new rock wall was also installed on two sides of the property.
|
Homes Under $1M
|
417 One St
Kahului
$675K (FS)
|
A beautiful 3 bed, 1 bath house & cottage in the heart of Kahului. Upgraded over the years with laminate flooring, and split AC in the living room & one of the bedrooms. Features an upgraded kitchen as well. This property would be great for extended families & amazing for investors.
|
|
72 Kupuna St
Kihei
$699K (FS)
|
This 3 bed, 2 bath single level home is ready for your personal style. With freshly painted exterior and interiors, this light and bright residence has vaulted ceilings in the living room area. The enclosed lanai /sunroom space with separate entry opens to a large lanai with a slatted trellis overhead.
|
|
151 Hoano Pl
Kihei
$839K (FS)
|
This beautiful Kihei home checks all the boxes. The main home features 3 beds and 2 baths with central A/C and an owned photovoltaic solar system, so you can stay pleasantly cool in your home after a hot day at the beach while being efficient with electrical use. Enjoy the vaulted ceilings in the great room area, tile flooring, and appreciate the pinewood and cedar accents throughout.
|
|
76 Alahele Pl
Kihei
$915K (FS)
|
This 3 bed, 2.5 bath property boasts of ingenuity with phenomenally thought out indoor and outdoor living spaces. You will experience tropical privacy, relaxed living with stunning upgrades. A dream come true for the investor and total rare find for those seeking a move in ready property.
|
|
17 Hua Nui Way
Kahana
$995K (FS)
|
Live just steps from the beach in one of Kahana’s only gated communities. 17 Hua Nui Way has a flexible 3 bed, 2 bath floor plan with an additional space on the ground level that has a separate entry and plenty of potential to be an office, entertainment area, or bonus room. Upgrades to this well kept home include double-pane insulated windows, plantation style shutters, and a propane gas stove.
|
Vacation Condos Over $1M
|
Wailea Beach Villas #E102
Wailea
$4,495,000 (FS)
|
Take pleasure in Wailea’s most prestigious, Wailea Beach Villas Residences and Resort. This most desirable 3 bed, 3.5 bath floor plan offers a spacious “living” room, en suite bedrooms, a well appointed and thoughtfully laid out kitchen, an outdoor shower and plunge pool, nestled in a tropical setting.
|
Vacation Condos Under $1M
|
Kihei Villages I #14-104
Kihei
$389,500 (FS)
|
A tastefully remodeled, ground floor, 2 bed, 1.5 bath Kihei Village condo. This corner unit offers a spacious and fenced-in back yard space ready for you to make it your own! Pets welcomed. Enjoy a stunning kitchen with granite countertops, fresh paint, neutral tile flooring throughout, and a brand new washer, dryer & dishwasher.
|
|
Kihei Kai Nani #145
Kihei
$450K (FS)
|
A spectacular corner unit on the ground floor. Located in sought after Kihei Kai Nani, which sits next door to the renowned Moose McGillycuddy's & Fred's Mexican Restaurant. Right across the street is Kamaole II and its one of the many beaches that stretches along the 7 miles of South Kihei Rd. The current owner recently completed a full remodel on this 1 bed, 1 bath condo including tile floors throughout.
|
|
Island Surf #609
Kihei
$499K (FS)
|
Enjoy spectacular ocean views from this 1 bed, 1 bath vacation rental condo. Watch the whales in the winter and spring and the surfers and paddle boarders all year round. Located in close proximity to some of south Maui's finest amenities, Cove Park, restaurants, beaches, shopping and world class resort golf courses just to name a few.
|
|
Maui Kamaole #B111
Kihei
$579,900 (FS)
|
This spacious 1 bed, 2 bath, fully furnished unit is in the best location in the complex, near the entrance, close to the beach and with a beautiful garden view. Perfect for full-time residency, an occasional get-away or use as a short-term rental. Just steps away from the pool, BBQ areas, tennis courts and ample parking.
|
|
Kamaole Sands #8-105
Kihei
$770K (FS)
|
This amazing condo at Kamaole Sands on the first floor has 2 beds and 2 baths. This floor plan is unique and offers some more distance from your neighbors lanai outside, creating more privacy. Remodeled, with a newer split system AC in both bedrooms and main living area make this an incredibly comfortable home on Maui.
|
Residential Condos Over $1M
|
Vintage at Kaanapali #32
Kaanapali
$1,425,000 (FS)
|
A rare golf course fronting residential condominium at The Vintage in Kaanapali with stunning front-row ocean views over the Kai Course. This prime unit was totally remodeled to the highest standard. The functional 3 bed, 2.5 bath floorplan has an outstanding location which is unusually private and peaceful. The Vintage best defines "easy living" with the landscaping, common area, building maintenance and owner's insurance taken care by the Association.
|
Residential Condos Under $1M
Harbor Lights #B313
Kahului
$129K (FS)
|
A great opportunity for price and location. Located across the harbor, next to the college and a 5 min walk to the shopping center, this renovated unit in B building on the 3rd floor is just down the hall from the elevator and the laundry room. B building has only 16 units per floor. Parking stall #371 is just outside the front door and elevator location.
|
|
Keonekai Villages #13-204
Kihei
$349K (FS)
|
Exceptional value for this 2 bed , 1 bath unit at desirable Keonekai Villages! Inventory is really tight for 2 bed, fee simple condos under $400,000 in this area of South Kihei, so don't miss out! This upstairs/corner unit features: extra windows in the master bedroom for additional natural lighting, pergo laminate flooring in the living area and hallways, tiled kitchen and bathroom floors, ceiling fans, and one wall A/C unit in living area.
|
Kamani at Kehalani #80
Wailuku
$635K (FS)
|
Welcome to Kamani at Kehalani, a beautiful community with duplex style homes located at the base of the majestic West Maui mountains in Wailuku. This modern Mau Loa/Z Floor Plan consists of 3 beds, 2.5 baths, 1,457 sf. of interior living space, a 2-car garage, and a fenced side and rear yard.
|
|
350 Hoolawa Rd
Haiku
$442,000 (FS)
|
Perfectly situated between the mountain and the ocean, this rare 0.77 acre lot offers the ultimate Maui lifestyle. The manageable size allows for the building of a main house and an ohana while not requiring much maintenance. On the ocean side of Hana Highway, a paved road leads to this unique lot.
|
|
