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Aloha
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In this newsletter:
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Unique Napili Oceanfront Residence
5171 Lower Honoapiilani Road
Napili
$5.85M (FS)
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June Market Report 2024
A shift in the market is taking shape as evidenced by a decline in total sales activity for the third consecutive month, while the number of new listings continued to increase from the low of August 2023. With this inversion, months of remaining inventory is now at 7.6 months.
SINGLE-FAMILY HOME TRANSACTIONS
Even with a shift in the market, Maui single-family homes set a new record for median sales price, reaching $1,372,500 in June. Leading the way were the market areas of Haiku, Kihei, and Wailuku, which all had double-digit increases in total sales and median prices.
CONDOMINIUM TRANSACTIONS
Days on market for condos have increased from 55 days in February to 93 days in June as total sales approach recent lows last set in May 2020. Headwinds facing the condo market include the recently proposed Minatoya List legislation, a 25% decline in visitors, and increased insurance premiums.
Mahalo Nui Loa,
Ken Smith R(S), Melissa Smith R(B), Gregory Smith R(B)
The Smith Team
P.S. Maui Bucket List: 20 Best Things to do in Maui, Hawaii.
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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340 (296)
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126 (95)
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758 (535)
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+10 |
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Condos
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671 (319)
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96 (37)
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956 (382)
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+5 |
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Land
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186 (83)
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25 (2)
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190 (82)
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+1 |
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Total
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1197 (698)
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247 (134)
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1904 (999)
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+16 |
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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
1932 Kaihamu Place
Wailuku
$1.15M (FS) |
Great value for extended family or live in one and rent the other. Property offers septic system in place, solar water heaters on both homes. Beautiful fruit trees abound in a very private setting. You could literally walk to one of the best kept secrets on Maui, the Waiehu Golf Course.
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87 Alena Place
Kihei
$1.375M (FS) |
This 4 bedroom 2 bath home with a detached 1 bedroom 1 bath cottage provides you with so many options. Room for extended family, rental income, a private office, the choice is yours. This move in ready home with porcelain tile throughout and high ceilings in the great room is full of possibilities. Set back from the road, the front yard is cool and shaded.
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4087 North Paua Way
Kahana
$2.3M (FS) |
Nestled just a few feet above the quiet community pool and clubhouse in the gated community of Kapalani Estates, this split-level 5 bedroom, 3 bath home has 2,502 square feet of beautiful bright open spaces. The home has gorgeous tiger wood flooring and open beam ceilings creating a warm and modern feel.
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94 West Mahi Pua Place
Kaanapali
$5.5M (FS) |
Experience the luxury of the Kan'anapali lifestyle from this single level residence exquisitely positioned above the 8th fairway of the Ka'anapali Kai Golf Course. Elegantly designed to enjoy year around sunsets and sweeping ocean views, this stunning home features expansive floor to ceiling sliding glass doors that gracefully fade away to your spacious lanai and private lap pool.
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Homes Under $1M
31 Maha Road
Makawao
$865K (FS) |
This cozy home blocks from Makawao town features 3 bedrooms and a bath. The home has a carport with room for the 2023 installed washer/dryer and the solar hot water heater. The backyard is completely fenced. The home is in the Na Hale Kilinahe neighborhood, refurbished in 2008/2009.
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209 Muliwai Drive
Wailuku
$889K (FS) |
This listing is a 3 bedroom, 2 bath with small enclosed garage. Large corner lot approx 7,218. Front porch leads into an octagonal shaped foyer. Large dining/living area. Original bathtub, sink and toilet in master bathroom. Large shower in 2nd bath. Casement style windows and crown molding throughout.
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8085 Hana Highway
Haiku
$895K (FS) |
This home is fully remodeled along with the Ohana home on the property. All new windows, doors, lvp flooring, 3 tone paint, exterior paint, new fixtures and new kitchen and bathrooms. It is quite private, green and beautiful. The extra home is a bonus as a rental or family unit. The home is vacant and move in ready.
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61 Pua Ina Place
Makawao
$998K (FS) |
Move-in ready home that was remodeled in 2017. New roof, paint, tile and vinyl floors. New range/oven and dishwasher. Located at end of cul-de-sac in Makawao. The site abuts an open pasture for maximum privacy. Fenced yard. Ideal for pets. Don't miss this one as homes in this price range do not last long.
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Vacation Condos Over $1M
Grand Champions 172
Wailea
$1.075M (FS)
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A rare opportunity to acquire a top floor, vaulted ceiling, designer one bedroom condo with sweeping golf course and ocean views. Step in to this thoughtfully designed condo and feel immediately at home.Wrapped by, and overlooking the Wailea Blue course, this villa provides prime ocean with golf course views.
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Hale Hui Kai 109
Kihei
$1.695M (FS)
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Your window of paradise hop, skip and a jump to Keawakapu Beach. Hotel Zoned Hale Hui Kai fully furnished & fully renovated contemporary beachfront condo situated on the ground floor with a lock-off and no stairs. Rarely offered, at the time of listing.
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Maui Sunset B-323
Kihei
$2.17M (FS)
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One of the most perfectly located condominiums in Kihei. This exquisite third-floor condo offers 3 bedrooms and 3 bathrooms, encompassing nearly 1,400 square feet of luxurious living space. With an open floor plan flooded with natural light, seamless indoor/outdoor living, and some of the most spectacular ocean views and enchanting sunsets imaginable.
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Wailea Elua 2102
Wailea
$2.695M (FS)
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This is your chance to own a piece of paradise at an incredible value with this bankruptcy sale. This beautifully appointed 1 bedroom with a bonus room, 2 bath condominium boasts central A/C, luxurious marble in the bathrooms, and granite kitchen countertops, among other upscale features.
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Vacation Condos Under $1M
Hono Kai A-10
Maalaea
$539K (FS) |
This beautifully appointed ground floor condo offers the perfect blend of comfort and style. The one-bedroom unit features modern amenities including cool split air conditioning, elegant granite countertops, shaker cabinets, and a convenient convention microwave oven along with a stovetop. Plantation shutters add a touch of island charm and privacy.
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Kaanapali Shores 940
Kaanapali
$759.8K (FS) |
Unit offers a commanding ocean view that will take your breath away. This oceanfront gem, zoned for hotel use and perfect for short-term vacation rentals, sits at the heart of Kaanapali's vibrant community. Whether you're seeking an investment property, a second home, or a permanent island residence, this fully furnished unit delivers on all fronts.
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Kauhale Makai 508
Kihei
$785K (FS) |
Enjoy impressive views from this 5th-floor, 1 bedroom, 1 bathroom unit located on Kihei's Sugar Beach. The renovated residence in Kauhale Makai is equipped with granite countertops, sleek tile flooring, and a modern kitchen. The unit comes with central AC, elevators, and dedicated parking.
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Napili Shores B-211
Napili
$895K (FS) |
A beachfront retreat nestled just steps away from the pristine white sands and turquoise waters of the renowned Napili Bay Residence is a stunning turnkey unit, updated with luxurious granite countertops and elegant tile floors that extend from the interior to the covered deck. Adorned with classic Hawaiiana decor.
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Maui Kamaole K-203
Kihei
$999K (FS) |
This private, quiet unit is in a quiet spot away from parking lots, overlooking beautiful gardens, and a peak through the trees of the upper tropical pool/spa area, and also just one building between the K cluster and the tennis courts. Beautiful bamboo faces adorn all the cabinets in the unit.
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Residential Condos Over $1M
Cottages at Kulamalu 3
Pukalani
$1.065M (FS)
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This lovely, stand alone and move in ready home in The Cottages at Kulamalu offers an open concept and flexible floor plan with travertine tile throughout the ground floor, extending out to the patio as well. You'll enjoy this beautiful and well appointed kitchen which boasts granite counters, eat in bar top that seats 4, along with a dedicated dining area.
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Kapalua Ironwoods 62
Kapalua
$3.495M (FS)
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This single level ocean view residence has been reimagined, with incomparable finishes and a casually elegant design. The fully permitted renovations took two years in a painstaking reconstruction process from the bare studs. The interiors feature pristine white oiled oak flooring, custom Schuler cabinetry, and sumptuous Monte Cristo granite countertops.
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Residential Condos Under $1M
Maui Lani Terraces G-109
Honokowai
$299K (FS)
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This ground floor, fee simple, corner unit condo has been well maintained and the only reason it is being sold is that it is part of an estate sale and must be sold. Laminated floors, Remodeled kitchen bath, an 80 square foot covered lanai and glorious sunset views over the palms fronting the lanai.
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Kihei Manor 103
Kihei
$499K (FS)
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This 1 bedroom, 1 bathroom ground floor unit located in the heart of Kihei. Features an open concept upon entry. Within walking distance to Charlie Young Beach, Kalama Beach Park, and numerous restaurants and shops. Maintenance covers water, sewer, and trash services. The garden/patio area outside the front door is perfect for entertaining.
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Haleakala Gardens 3-D
Kihei
$699K (FS)
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Enjoy nightly sunsets from the beach or while on a lovely neighborhood stroll. There is a real feeling of Ohana here at Haleakala Gardens. Unit is located on the ground floor, backing up to mature greenery. This 3 bedroom floor plan provides flexible space to fit your lifestyle.
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Flats at Kamalani 1304
Kihei
$810K (FS)
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This ground floor oasis offers 1,022 square feet of spacious living, featuring 3 bedrooms and 2 bathrooms, providing ample space for relaxation and comfort, with brand new floors installed March 2024 Nestled in a serene corner of the community, this private unit boasts tranquil views of a lush green belt and the majestic West Maui Mountains.
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Vacant Land
25 Hoihoi Place Lot C
Kula
$345K (FS)
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This lot offers a truly mesmerizing panoramic view overlooking the lush gulch, providing you with a daily dose of tranquility and natural beauty. At 3,600 feet above sea level, you'll experience a refreshing altitude that promises refreshing breezes and cooler temperatures. One of the highlights of this lot is its unique flag shape, providing you with added privacy and a sense of exclusivity.
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