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Aloha
Market Update
Home ownership rates are at the lowest level they've been in more than 50 years. The 2016 home ownership rate was an average of 63.4% of the population, 5.8% below the pre-recession peak. Home ownership plays a critical role in the National economy as it helps build personal wealth and strengthen communities.
The cause of the plunge in home ownership is of course in part due to the 9.4 million homes lost to foreclosure and short sales between 2007 - 2015. Other factors that have contributed are tight mortgage credits, demographic changes and job losses. Currently the median household income still remains below pre-recession numbers especially for households under the age of 44.
Economists are optimistic that home ownership rates will stabilize and improve in the near to medium future. We are seeing increased job opportunities which will accelerate household income growth. Financial security will help families feel comfortable in growing, having children and create a demand for larger housing units. Mortgage availability is improving as well.
Have a wonderful week,
Lindsey for The Smith Team
Ken, Melissa, Greg and Lindsey
P.S. - Alexander and Baldwin released a general map showing possible diversified agricultural uses for the now fallow sugar fields including biodiesel-producing tree orchards, livestock pastures, coffee and cacao crops.
Melissa Smith R (B), Ken Smith R (S), Gregory Smith R(B), Lindsey Taylor R (S)
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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557 (309)
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262 (53)
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1064 (235)
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-10 |
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Condos
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778 (191)
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268 (37)
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1354 (178)
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-2 |
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Land
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331 (130)
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56 (12)
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152 (20)
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-6 |
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Total
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1666 (630)
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586 (102)
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2570 (433)
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-18 |
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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
136 Laukahi Street
Kihei
$1.395M (FS) |
This is an immaculately maintained 4 bed, 3 bath home with open floor plan, high ceilings and breathtaking ocean views which are captured from the expansive great room, lanai and master suite. The kitchen is well equipped and perfect for entertaining. Relax in the spa style pool with cascading water fall in the large, level, fully landscaped back yard with additional garden lanai also set up for entertaining.
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 14830 Haleakala Highway
Kula
$4.195M (FS) |
This is a once in a lifetime opportunity to acquire an incomparable, 3.6 acre, Legacy Estate. You may enter through either of two custom floral gates, from either Haleakala Hwy or L. Kimo Dr. and are immediately enthralled by the feeling of vibrant effusive nature that emanates from the vital tropical specimen plantings that abound, three magnificent waterfalls & the avocado orchard. The primary residence offers 3 beds and 2.5 baths. There is also a 2 bed, 2 bath cottage.
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400 Mehana Road
Haiku
$5.95M (FS) |
This estate offers a pristine and secluded 1/3 mile of Maui's rare coastline. With over 20 acres of oceanfront land, azure Pacific and verdant Haleakala vistas, no nearby neighbors, this is the ultimate oceanfront North shore estate. The single level main home offers 3 spacious and private bedroom suites with their own exterior entries: a chef's kitchen, 3.5 baths, a study, formal dining room, breakfast nook, large living area, and a media room.
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Homes Under $1M
41 Eleu Place
Kihei
$540.9K (FS) |
Bank Owned - Well sited and located right in the heart of Kihei and 5 minutes walk to the beach. Close to schools, shopping, golf and resorts. Structurally sound with good basic layout that will suit potential conversion to modern living. This fee simple 3 bed, 1 bath home sits in a large, 10,041 sq feet lot size could be a renovator's dream and delight. There is also a 2 bed, 1 bath cottage.
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57 Hiwalani Loop
Pukalani
$695K (FS) |
Turnkey, move in ready 3 bed, 2 bath home on the slopes of Haleakala. Included and provided for your convenience is a 19 panel 4.465 kilowatt photo voltaic system that is currently grandfathered into the original MECO net metering program and owned by the sellers. This home also offers a central AC system, completely renovated kitchen, baths, new flooring throughout and recently painted interior walls.
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70 Pualu Loop
Lahaina
$875K (FS) |
Ocean view 8 bed, 4 bath home in Napili one block away from Napili Park. The property has 8 solar panels installed (owned). Property has had the kitchen in two of the units remodeled and installed. Great neighborhood and great ocean breezes. This is a great investor property with an additional studio cottage.
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137 Iliwai Loop
Kihei
$899K (FS) |
4 bed, 3 bath main house and 1 bed, 1 bath ohana with unobstructed ocean views in the desirable Keonekai Heights neighborhood! Open concept living on the first floor with 2 sets of doors leading to the incredible private oasis in the back yard. No stone has been left unturned in the outdoor entertainment. An expansive pure redwood deck with a Teak wood bar flows into an outdoor Teak dining table area with adjacent stylish patio furniture.
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Vacation Condos Over $1M
Honua Kai - Hoku Lani #H-511
Kaanapali
$1.775M (FS) |
Very prime location within the project, especially at this attractive price. Ocean & pool, courtyard views and more from this luxury 2 bed, 2 bath unit.
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Makena Surf #F-304
Makena
$2.49M (FS) |
Unit F-304 combines luxury with beautiful upgrades throughout and a premiere oceanfront location. This beautiful 2 bed, 2 bath condo sits above the water but is just steps away from the sandy beach, to the right and left side of this perfectly situated building. Enjoy magnificent ocean views and watch the year round sunsets and winter whale watching from the dining, kitchen, living room and from your 180 degree ocean view lanai.
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Montage Residences #5301
Kapalua
$3.95M (FS) |
A truly one-of-a-kind opportunity to own along the West Maui shoreline, over looking the white sandy crescent of Kapalua Bay,w ith panoramic ocean views framed by the neighboring islands of Molokai and Lanai. This luxury 3 bed, 3.5 bath condo is located within the renowned Kapalua Resort, home to two championship golf courses, miles of hiking trails and an array of ocean activities.
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Vacation Condos Under $1M
Kauhale Makai #602
Kihei
$289K (FS) |
Great condominium at beautiful Kauhale Makai. Oceanfront top floor studio with huge ocean views. Owner occupant, vacation or long term rental are all options. Kauhale Makai offers heated pool, hot tub, BBQ's and putting green. Electric and A/C are included in the Maintenance fees.
Customer Listing Synopsis
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Paki Maui #312
Honokowai
$310K (FS) |
Cute 1 bedroom recently staged and ready to go. Currently in the front desk program and rents extremely well. Remodeled in 2006 with new kitchen and bathroom cabinets and counter tops, just recently added new carpeting, couch and upholstery. Paki Maui is a super ocean front location, only 108 units and four stories high.
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Luana Kai #B304
Kihei$569K (FS)
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Nicely upgraded, beautiful ocean view 2 bed, 2 bath comes fully furnished and ready to be your dream vacation home.
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Sugar Beach Resort #338
Kihei
$650K (FS) |
Tastefully decorated carpet in the living room and bedroom and ceramic tile entry and kitchen. Another bonus feature is each unit comes with its own storage closet right at the front door a very rare find. Sugar Beach Resort is very popular, centrally located and has wonderful amenities on the property. Including longest walking beach on Maui right at your front door, a large pool, Jacuzzi and large cabana.
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Kamaole Sands #10-216
Kihei
$749K (FS) |
This is one of the extremely rare 2 bed, 2 bath units all on one level in the premier building 10. Head-on ocean views from both the living room and the master bedroom. Unit is nicely updated with high-end furnishings that all stay with the unit. You can begin your vacation rental business immediately or just come and enjoy our lifestyle.
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Residential Condos
Hoolea Terrace at Kehalani 2406
Wailuku
$369K (FS) |
Set in breathtaking slopes of the West Maui Mountains. Hoolea Terrace is a creative architectural design of Stanford Carr who only uses high quality building materials. You'll love the ocean and Haleakala views from the front areas and West Maui mountains from the living room and master bedroom. This is a well-maintained 2 bed, 1.5 bath unit and it comes with 2 assigned parking stalls.
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Hale Kanani #3-302
Kihei
$448.5K (FS)
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Well Appointed Hale Kanani is located in a very desirable area in South Kihei, across the street from "The Cove" Beach Park, a popular spot for surfing and SUP. Walkable to restaurants, shopping and beach volleyball. Take the elevator up to this top floor, fully furnished, turnkey 2 bed, 2 bath condo. The entry way leads you to a light-filled, open concept living / dining area.
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Ke Alii Ocean Villas #A-105
Kihei
$948K (FS) |
Upon entering this 3 bed, 3 bath, 1717 sq ft two story town-home. Your gaze goes immediately to the views of the blue Pacific Ocean which blends comfortably with the azure blue horizon right before your eyes. This unit is the closest unit in the complex and seconds away from one of Maui's finest Beaches.
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Vacant Land
307 Ainahou Place
Wailuku
$169K (FS) |
Zoned R-1 Single Family Residential, this lowest priced lot in all of Wailuku is waiting for you to build your custom home. Located on a side street just off where Lower Main and Mill Streets meet in Wailuku, it's off the main road and yet a very convenient location. Currently no water meter in place though County water is available.
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1 Piiholo Road
Makawao
$450K (FS) |
Incredible 6 acre property with 2 eco climates. Build your custom dream home with incredible location and views. Perfect location just ½ mile to Makawao Town. Great building flat build site with a second area of 3 acres in ravine for orchard, farm, or relaxing retreat. Beautiful Makawao Property with Great North Shore Ocean Views and West Maui Mountain Views.
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