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| Issue 1136 |
January 8th, 2025 |
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Aloha
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In this newsletter:
Land
New Properties
Price Reductions
Short Sales
Homes (1)
Condos (1)
Land
New Properties
Price Reductions
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Makena Lifestyle Residence
5065 Makena Road
Makena
$9.985M (FS)
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Market Report December 2024
To end the year, the Maui real estate market showed signs of life as days on market for both single-family homes and condos decreased by nearly two weeks. A faster pace of sales indicates increased buyer activity and a growing demand for properties. While consumer confidence appears to be strengthening, months of remaining inventory indicates a continuation of an overall neutral or balanced market.
SINGLE-FAMILY HOME TRANSACTIONS
A lack of new listings is driving upward pressure on median sales prices as market activity increases. In December, 80% of properties sold on Maui exceeded $1 million. Buyers seeking properties under the $1 million mark will need to focus on areas such as Kahului, Makawao, and Wailuku.
CONDOMINIUM TRANSACTIONS
Pending condo sales, a forward-looking indicator, continue to show increased activity heading into the New Year. However, for the third consecutive month, new listings have outpaced sales. With abundant inventory, buyers are expected to remain in control of the condo market, keeping price appreciation flat or minimal in the near term.
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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382 (337)
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111 (81)
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759 (566)
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+4 |
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Condos
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767 (326)
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73 (21)
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850 (373)
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-5 |
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Land
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178 (76)
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29 (13)
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187 (80)
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-3 |
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Total
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1327 (739)
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213 (115)
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1796 (1019)
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-4 |
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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
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62 Moolu Street
Wailuku
$1.638M (FS)
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Home and attached ohana at Waiolani Mauka in Waikapu. Two-story home well maintained home. Covered Front Porches. Nice large backyard. Split Air Conditioning in living room and bedroom in main house. Two vehicle garage for main house. Close to shopping, hospital, schools, and cultural events. Roads and Park are dedicated to the County of Maui. Features include mirrored wardrobe doors, stamped concrete entry and parking areas.
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2130 Piiholo Road
Makawao
$1.897M (FS)
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Beautifully contemporary remodeled large home with room(s) for everyone. Upstairs is the main suite, roomy and spacious with a stargazing, Olinda ocean view lanai deck that connects to the expansive comfy living area. Ultra functional kitchen and inviting dining for gathering in the way we live in 2025. The main suite is adjacent to an office or nursery room. Downstairs there are bedrooms surrounding and centered by the den/game area.
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139 Mehani Place
Kihei
$1.899M (FS)
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This rarely available turnkey presents a unique investment opportunity, featuring multiple rental units including a main house with 4 bedrooms and 2.5 baths, an additional 1 bedroom 1 bath unit and 2 studios. The owner has undertaken comprehensive renovations, having demolished all illegal structures down to the studs, resulting in a truly brand new property.
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22 Malia Lokepa Place
Kula
$2.6M (FS)
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The property offers the perfect balance of rural tranquility and accessibility. The single-level main home features a wheelchair-accessible design, an open floor plan, a spacious kitchen with ample pantry storage, and a 759-square-foot garage. The detached two-story cottage includes 2 bedrooms, 2 bathrooms, and an expansive deck overlooking the serene surroundings.
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998 Kauhikoa Road
Haiku
$715K (FS)
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Do not miss this opportunity to own your home. organic and hidden garden is located very close to Haiku town. The spacious living room ,open plan to kitchen, 2 bedroom 1 bath home with covered Lanai, attached carport with a separate laundry room and a storage room. This home comes with extra parking spaces before carport and there is an assigned one visitor parking separately.
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290 Makua Street
Wailuku
$749K (FS)
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This 3 bedroom 1 bath single level home with a remodeled 1 bedroom, 1 bath bonus area. Nice front open covered porch area, and an oversized driveway for parking, with carport. Lots of extra storage area also.
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6 Kuhina Place
Makawao
$925K (FS)
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Plantation home in the heart of quaint Makawao town offering views of Haleakala, West Maui Mountains and the ocean. This home has a standing metal seam metal roof and an oversized carport. Sited perfectly on this 13,252 square foot corner fenced lot. Excellent floor plan with 2 spacious bedrooms w/ en-suite baths. The main bedroom features a walk-in closet and extends onto the cozy porch overlooking the backyard.
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290 Hokulani Street
Pukalani
$958K (FS)
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Welcome to this Single level 3 bedroom, 2 bathroom home with potential galore. Main living has a flowing floor plan with open kitchen, plenty of cabinetry, dining area, living room, 3 bedrooms and one full bath. The large family room with adjoining bath and laundry facilities has access to the split-level backyard to relax and play.
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400 Onehee Avenue
Kahului
$959K (FS)
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Convenient location across the street from Kahului Community Center Park, and minutes away to Ka'ahumanu Shopping Center. Large 9996 square foot lot. There is a 353 square foot enclosed porch that has a bathroom, and is being utilized as an attached ohana.
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Kapalua Golf Villas 27P7-8
Kapalua
$1.799M (FS)
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Imagine time well spent in this picturesque setting in your 2 bedroom 2 bathroom Villa with a refined design. Impressive furniture and finishes for those that appreciate high end quality. Enjoy the Kapalua Lifestyle and experience the amazing restaurants, world class golf courses and spas! Put your toes in the ocean and sand down at Kapalua Bay, or just relax by one of the pools at Kapalua Golf Villas.
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Mahana 719
Kaanapali
$2.995M (FS)
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This 7th floor spacious 2 bedroom 2 bath condominium features floor-to-ceiling windows with ocean views from your private lanai, kitchen, living room and primary bedroom, plus intriguing mountain views from the second bedroom. Finishes include polished natural stone tile in the main living area and bathrooms, granite counter tops.
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Honua Kai - Luana Garden Villas
18-D
Kaanapali
$4.199M (FS)
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This upstairs 3 bedroom, 3 bathroom villa is no exception, offering the ultimate in comfort, privacy, and convenience. Step inside to discover an open-concept living space that features high ceilings and large windows, allowing natural light to pour in and showcase the villa’s sophisticated design. The breathtaking pool views provide a tranquil and serene backdrop, making it the perfect setting to relax or entertain.
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Vacation Condos Under $1M
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Kalama Terrace L-204
Kihei
$475K (FS)
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This charming 1 bedroom, 1 bath unit. This condo features a newer gas stove and refrigerator, along with granite counters in the kitchen and updated wood cabinets, tiled shower walls, and tiled floors throughout. Enjoy the view of the peaceful grounds from your covered lanai area. Unit comes fully furnished. Enjoy the convenience of being located close to the pool and BBQ area in a fantastic location in this complex.
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Maui Vista 1301
Kihei
$599K (FS)
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A charming 1 bedroom, 1 bath condo with partial ocean views located on the third floor of the beautiful Maui Vista complex in South Kihei. This well maintained property is nestled on nearly 9 acres of lush, tropical gardens, offering a serene island retreat. Maui Vista is perfectly situated right across the street from Charlie Young/Kamaole I Beach, one of Maui's finest white sand beaches, making it perfect for swimming, snorkeling, or simply relaxing by the ocean.
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Kauhale Makai 205
Kihei
$789K (FS)
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Spectacular 1 bedroom 1 bath oceanfront beach condo in highly desirable Kauhale Makai Resort in North Kihei. Commanding ocean views are the theme in this extensively renovated unit with great attention to detail and well thought out appointments. Interior has been designed with a fresh, contemporary feel to exemplify quintessential Maui coastal living.
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Residential Condos Over $1M
Hokulani Golf Villas 56
Kihei
$2.399M (FS)
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This home offers three fairways of open space, ensuring both privacy and cool, tranquil afternoons. With over 2,400 sq. ft. of thoughtfully designed living space, this residence features a master bedroom and bath conveniently located on the main floor, perfect for easy access and comfort. Upstairs, two additional bedrooms and a bath await your visiting guests, ensuring they feel right at home.
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Na Hale O Makena A-102
Makena
$3.28M (FS)
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This stunning residence features an exquisite remodel along with 3 spacious bedrooms and 2.5 baths, perfect for both relaxation and entertaining. Experience custom lighting, top-of-the-line Gaggenau appliances, elegant tile, and beautiful Koa wood floors throughout. Step outside to your spacious lanai, complete with a gas barbecue, perfect for enjoying the sounds of the Pacific and a picturesque sunset.
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Residential Condos Under $1M
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Iao Parkside 14204
Wailuku
$520K (FS)
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A beautifully remodeled 2 bedroom, 2 bath condo in the heart of Wailuku. This unit underwent a thoughtful renovation in 2018, including sleek new Corian countertops, elegant Cherrywood cabinets in the kitchen, and all wood laminate flooring throughout. The spacious master bedroom features an ensuite bathroom and an extra-wide double doorway making it easy to move in large pieces of furniture such as a King-sized bedroom set.
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Keonekai Villages 14-205
Kihei
$549K (FS)
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Discover the perfect blend of comfort, convenience, and tropical charm with this beautifully updated 2 bedroom, 1 bath condo in the heart of Kihei. Ideally situated just moments from world-renowned beaches, this move-in-ready gem offers a relaxed island lifestyle with modern touches throughout. Step into an inviting, open-concept living space filled with natural light and cooled by gentle breezes.
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Iao Parkside 34-201
Wailuku
$598K (FS)
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Welcome to this charming 3 bedroom, 2 bath Iao Parkside unit conveniently located in the heart of Wailuku. This unit offers a spacious layout with 980 square feet of living space and a 104 square foot covered balcony. The master bedroom has an en-suite bathroom for added privacy and offers access to the outdoor balcony.
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 109 Kiha Place Lot 42Wailuku
$630K (FS)
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Lowest priced vacant lot listing at Wai'olu Estates over 10,000 ft at the time of listing. This lot is priced to sell! Are you looking for a generously-sized ocean view residential lot in an ideally-located gated community for your custom Maui Home? Wait no more! Wailuku's Wai‘olu Estates Lot 42 is ready for you.
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The Smith Team
www.MauiSales.com
(808) 572-0866
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