Aloha
In this newsletter:
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Beautiful Upcountry Estate
75 Opalipali Place
Kula
$5.25M (FS)
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Is it a Good Time to Sell My Home?
You may be wondering if now might be a good time to sell. Today, there was a condo that sold in Keala O Wailea for $2.26M which was $20K over the asking price. In June of 2020, this same condo sold for $1.24M. Granted there were some upgrades done by the Seller after they bought, but roughly a $1M increase in value in 14 months’ time is phenomenal appreciation.
Of course, not every owner on Maui has experienced this type of appreciation in the last year, but we can tell you that on average home and condo prices are up well over 30% in the last 12 months.
Inventories are still severely limited. In fact, there are currently only 8 Active Listings in all of the Wailea/Makena area. Looking at the overall Inventory of condos in our MLS which includes Maui, Molokai, and Lanai, there are currently 125 Active Listings. A year ago, there were 760 Active Condo Listings which is equivalent to an 84% reduction in the number of units for sale.
If you want to sell but you are waiting because you believe the market will continue going higher, you should consider this from someone who has been selling real estate for over 30 years here on Maui. It is nearly impossible to sell at the top or to buy at the bottom. You won’t know when the top has been reached until at least several months after the fact. By that time, you’ll find that prices may have declined by 10% or more.
Please call us if you would like to find out how much your property is worth.
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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192 (150)
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238 (97)
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1349 (628)
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-4 |
Condos
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124 (39)
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324 (130)
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2238 (533)
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-6 |
Land
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140 (63)
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65 (22)
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403 (95)
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+1 |
Total
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456 (252)
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627 (249)
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3990 (1256)
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-9 |
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
80 Kaupea Street
Makawao
$1.275M (FS) |
The main house has a great floor plan with most of the living area on the ground floor and the master suite on the 2nd floor. It also has a nice size laundry room with a half-bath as you enter from the carport or side yard. One of the downstairs bedrooms has an en suite bath as well as an exterior door leading to the yard.
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1140 Nanihoku Place
Haiku
$2.5M (FS)
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The property has 4 dwellings in total, including a 5 bedroom, 2 unit main house, two, 1 bedroom dwellings, and one, 2 bedroom unit. There are also 2 storage sheds, a workshop currently used for jewelry making, and a large, groovy livable school bus with its own outhouse.
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112 Kawehi Place
Kula
$3.5M (FS)
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Surrounded by lush green grass, lovely fruit and native trees and gardens, the path to the front door is covered by the delicate blue blooms of a wisteria trellis. Beautiful eucalyptus floors grace the front entry with a step down to the living room with the great stone fireplace and the view.
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100 Wailea Ike Drive
Wailea
$4.75M (FS)
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A detached yoga studio is just one of the unique features included in this custom 3bedroom, 3.5 bath, 3389 sf residence, making every day feel like you're waking up in a five star resort. The indoor-outdoor floor plan is the perfect blend of modern luxury and island living.
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Homes Under $1M
316 Kulalani Drive
Kula
$795K (FS) |
This comfortable 3 bedroom 2 bath home is located off Kulalani Drive in Kula. The weather is ideal with warm days and crisp nights, perfect for enjoying your large outdoor living and cozy fire place. This duplex style two story residential condo consists of 2 bedrooms, 1 bath upstairs and an additional bath, bedroom, kitchen and livingroom on the first level.
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1012 Hiehie Street
Makawao
$925K (FS)
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This single level 3 bedroom, 2 bath is move in ready with an open plan that features tile flooring, remodeled kitchen with spacious granite counters, huge island, wood cabinets and stainless appliances. You will love the bay window over the large farmhouse stainless sink, new dishwasher, and wine cooler.
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8075 Hana Highway
Haiku
$987.5K (FS) |
Property has sweeping ocean views and is set in a lush tropical (almost) half acre parcel, with a beautifully remodeled home. Beautiful tiled floors throughout look like wood, stainless appliances, maple cabinetry, light and bright kitchen, skylights, and energy efficient double paned vinyl windows.
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2797 Panepoo Street
Kihei
$999K (FS) |
These plans are for a 480sqft master bedroom, bathroom, walk in closet and are included with the sale. The SMA permit has been completed and the permit has been started for the addition. All you need to do is hire your contractor and build. There is still time to alter the plans should you desire something different.
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Vacation Condos Over $1M
Maui Kamaole A-112
Kihei
$1.05M (FS) |
This condo has been updated throughout, adding the second bedroom to the large living room, fully permitted. Great ocean views from living room, kitchen, guest bedroom and lanai. New flooring, cabinets, vanities, quartz counter tops to name just a few of the many upgrades.
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Royal Kahana 510
Kahana
$2.15M (FS) |
The Royal Kahana is a premier beachfront resort located halfway between Kaanapali and Kapalua. This elegant, newly renovated condominium unit has a spacious living area plus wrap-around lanais with spectacular ocean views.
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Kaanapali Shores 601
Kaanapali
$2.45M (FS) |
The sunsets are beautiful and whale watching from the 6th floor is incredible. This villa offers approx. 2,000 square feet of usable space including the lanai. With its corner location, the large living room is surrounded by glass sliders so you have a great view from anywhere in the living room, dining area or kitchen.
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Vacation Condos Under $1M
Kalama Terrace L-308
Kihei
$450K (FS)
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This condo for sale in South Kihei on Maui has a well maintained interior, peek a boo ocean view and great location one block from the ocean. Beach Retreat L308 is a top floor unit with no neighbors above moving around, so you have more peace and quiet.
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Aina Nalu J-208
Lahaina
$689K (FS)
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Aina Nalu is in the heart of historic Lahaina Town and two blocks from world famous Front Street. It is within walking distance to the harbor, shopping, restaurants and art galleries. Don’t miss your opportunity to own this special property. It won’t last long.
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Kamaole Sands 8201
Kihei
$925K (FS)
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Tastefully renovated literally from floor to ceiling and move in ready, this beach retreat comes complete with 3 zone energy efficient split AC and a murphy bed for all the guests who will be scrambling to visit. Updates include cabinets, countertops, furnishings, flooring, appliances, fans, lighting, and more.
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Residential Condos Over $1M
Ke Alii Ocean Villas P-204
Kihei
$1.19M (FS)
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Extremely well kept by resident owners, this second floor, 2 bedroom, 2 bath unit with large loft, boasts plenty of upgrades. Central air conditioner was replaced in 2018. New refrigerator in 2019. Electric sunshades on lanai adds to cool down entire home. All new carpeting and paint in 2020.
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Na Hale O Makena E-201
Makena
$2.585M (FS)
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Single level living with 3 bedrooms, 2.5 baths, nine foot ceilings, travertine floors, granite counter tops, custom cabinetry, top of the line appliances, and 3 zone central air conditioning. Only 40 apartments on over 6 acres of lush landscaping.
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Coconut Grove A-2
Kapalua
$3.7M (FS)
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Enjoy Panoramic views from this spectacular residence which includes three large bedrooms, three and half baths. Coconut Grove is located on World Famous Kapalua Bay. Amenities include pool, fitness center, party room with kitchen, outdoor grill, outdoor shower.
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Residential Condos Under $1M
Puuone Towers and Plaza 402
Wailuku
$290K (FS)
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Beautiful 2 bedroom, 1.5 bath updated unit with wonderful ocean and mountain views centrally located in Wailuku at Puuone Towers and Plaza. Upgrades include laminate wood and tile flooring, renovated kitchen and baths with Corian countertops, stainless steel appliances, and a newer full-sized stackable washer/dryer.
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Iao Gardens 110
Wailuku
$379K (FS)
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Great 2 bedroom 2 bath in Iao Gardens. Partial remodel done but move in ready. Two parking stalls.
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Kehalani Gardens 1102
Wailuku
$530K (FS)
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This is a lovingly remodel with wall to wall wood laminate flooring on the first floor, upgraded carpeting throughout the upstairs, fresh interior paint on the inside and out, ceiling fans, and dual pane vinyl windows and sliding doors. The master bedroom features a high cathedral ceiling with a walk-in closet and double vanity in the master bathroom.
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25 Hanui Street Lot B
Launiupoko
$2.295M (FS)
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This incredible property prepped for building, is your fresh canvas on which to realize your ultimate Maui escape. We have relationships with the leading builders on Maui who are ready to help you bring your Maui dream home to life.
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