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Aloha
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In this newsletter:
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A Revered Estate
in Wailea Highlands
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Market Update
It’s no mystery that COVID-19 has deeply affected Hawaii tourism along with virtually every other area of our lives. Be that as it may, there are still some bright spots on the horizon with travel restriction eased to the point where we have been able to welcome thousands of tourists back to the islands. Referencing the graph below, we can see that although the number of tourists traveling here isn’t even close to the numbers we saw around this same time in 2019, there has still been a noticeable increase.
One thing that we have covered many times in this newsletter as well as in blog posts is the remarkable stability of the Maui real estate market. Even with new inventory shrinking, the number of pending sales and the median sales price of homes and condos continues to rise. The graph below courtesy of our friends over at the Realtors Association of Maui gives a broad snapshot of the current market. For a more detailed report, follow this link.
Now imagine how much busier real estate might be once tourists return to Maui in numbers similar to what they were Pre-COVID-19.
The reasons we are seeing a resurgence in sales despite the low visitor numbers are as follows:
- Interest rates are hovering near historic lows.
- Buyers have become accustomed to buying real estate based on photos, videos, FaceTime, etc.
- Mainland buyers who can work from home are choosing Maui as a better place to live.
- For many people, Maui represents a suburb of the mainland with the benefits of lower density, less crime, fewer cases of COVID-19, plus all the natural beauty and idyllic weather Maui offers.
Mahalo Nui Loa,
Ken Smith R(S), Melissa Smith R(B), and Gregory P Smith R(B)
The Smith Team
P.S. If you are wondering if your favorite restaurant, retail shop, or mechanic is open for business you can always reference this helpful page on the Maui Now website. Most businesses have either altered their hours, or closed altogether during the last six months, so it’s important to stay up to date.
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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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323 (226)
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201 (71)
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1047 (308)
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+3 |
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Condos
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705 (205)
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233 (32)
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1292 (237)
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-15 |
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Land
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254 (79)
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66 (18)
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190 (28)
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+2 |
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Total
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1282 (510)
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500 (121)
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2529 (573)
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-10 |
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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
 14 Fern PlKahana
$1,145,000 (FS)
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Perched in the back of a quiet cul-de-sac in the Kahana Ridge subdivision with commanding ocean views, 14 Fern Place is an ideal home to fulfill your island dreams. Offering approximately 2400 sf. consisting of 3 beds, plus a bonus room and 2.5 baths with a spacious floor plan great for easy island living.
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 3370 Keha St
Maui Meadows
$1,524,900 (FS) |
A large 2 story, 3 bed, 3 bath Maui Meadows home with a detached 1 bed, 1 bath cottage and additional space for caretaker or inlaws. The home is very livable as is, or the new owner can remodel it to create their own piece of paradise.
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 247 Anapuni LoopKaanapali
$3,895,000 (FS)
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A spectacular and award winning 4 bed, 3.5 bath, single level home in Lanikeha. The ocean views are breathtaking as you enter the home and take in the full majesty of this living space. The home was oriented and designed to take full advantage of the southwest exposure and maximize the ocean views from each living space.
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Homes Under $1M
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165 Oluea Cir
Kihei
$764,900 (FS)
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This beautiful home has been taken care of with great love. It is located a minutes walk across S. Kihei Road to a beautiful beach, there is also a beautiful park within the sub-division for children and pets. The house has been upgraded with new flooring and paint inside and out within the last three years. There were also new granite countertops installed in the kitchen and master bedroom.
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1009 Hiehie St
Makawao
$790K (FS)
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From the owner " One of my favorite things about the house is standing at the kitchen sink looking down at the coastline and the West Maui Mountains and even beyond to Molokai. Often this view comes with beautiful sunsets. The house is spacious yet cozy. People can hang out in the family room while the others are in the living room or everyone can gather at the kitchen counter bar with space for 6 to eat."
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791 Aoku Pl
Haiku
$899,900 (FS)
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An amazing property close to Haiku town. This home has a great floorplan that features an open kitchen, 3 beds, an office, 2 baths, a 2 car garage plus a 2 bed cottage all on a 13,000+ sf. lot with an ocean view. This home also has a newer roof (May 2015) and is easy to show.
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Vacation Condos Over $1M
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Honua Kai - Luana Garden Villas
#5B
Kaanapali
$2,595,000 (FS)
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Boasting a prime location in Enclave One of the new Luana Garden Villas at Honua Kai, villa 5B is an expansive 3 bed, 3 bath residence offering luxury resort living at its finest. A wide-open floorplan offers more than 2000 sf. of luxurious interior living area, and a contemporary decor provides a fresh, modern feel. Open the giant retractable pocket doors and step outside onto the spacious 500+ sf. balcony, complete with a BBQ grill, outdoor kitchen, and lounge area.
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Hoolei #87-1
Wailea
$4,580,000 (FS)
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Unit 87-1 is one of Ho'olei's largest and most luxurious floor plans. Located near center of Ho'olei's top row in the heart of Maui's sunny southwestern shore. This spacious, 3 bed, 3.5 bath, two-story town home design has finely appointed interiors, a private elevator, and an attached garage. This large Hibiscus floor plan has broad, west facing ocean views and has the Wailea Blue Course to it's back.
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Wailea Beach Villas #308
Wailea
$5,995,000 (FS)
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It is not very often you find a property that so exemplifies the spirit of Hawaii living with its panoramic ocean view, spacious interior living arrangement, 3 large beds, and 3 baths. Enjoy exceptional privacy, and a dedicated den/office that easily converts to a 4th sleeping area.
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Montage Residences Kapalua
#2403
Kapalua
$6.1M (FS)
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Absolute elegance is what Montage has become known for. With an exceptional location on the pristine Kapalua coast, this luxurious and spacious property has 3 beds, 3.5 baths & a den. With the beautiful hardwood floors, strikingly exotic granite, lavish bathrooms and gracious lanai, there is no other property that can compare to this amazing vacation home.
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Vacation Condos Under $1M
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Maalaea Yacht Marina #306
Maalaea
$285K (LH)
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This is a short sale and must be under contract by 12/2/2020. Great opportunity to own a direct oceanfront, 2 bed, 2 bath condo in Maalaea. Just a short walk to Sugar Beach, Maui Ocean Center, and the harbor shops. Watch the whales from your private lanai!
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Hono Kai #A14
Maalaea
$384,900 (FS)
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Hono Kai is one of only two Maalaea complexes located on the 4.5 mile sandy beach front down to Kihei. You'll love taking long strolls along the beach; swimming, snorkeling, and surfing right out front. Hono Kai is located a short walk from Maalaea Harbor activities such as the aquarium, restaurants and shops. The main living area and bathroom were updated in early 2016 and the kitchen floor in 2020.
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Kapalua Ridge #724
Kapalua
$785K (FS)
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A top floor, single level, 1 bed, 2 bath unit in building 7, located in a very private cul-de-sac, with plenty of guest parking. Enjoy a large lanai with wide ocean views. This unit is being sold unfurnished and is ready for the new owner to add their own decor style. Features original cabinetry, new granite countertops, new carpet and window treatments.
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Kapalua Golf Villas #17T7
Kapalua
$789K (FS)
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This totally remodeled, 1 bed, 2 bath, townhouse style villa is perched above the fourth fairway (formally the 10th hole) of the Kapalua Bay golf course and offers wonderful sunset and ocean views. This furnished turn key villa is on the front line of the golf course and has no roofs in front of it.
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Kamaole Beach Royale #403
Kihei
$849K (FS)
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Enjoy spectacular ocean views, sunsets, and whales leaping during season from this recently remodeled home, minutes from the famous sparkling white sands of Kamaole I and Charlie Young Beach. Sit and relish your morning coffee from the large double lanai in the mornings, and marvel at the amazingly hued year round sunsets in the evenings.
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Residential Condos Over $1M
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Wailea Palms #2605
Wailea
$1.1M (FS)
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A gorgeous, renovated and very private Wailea Palms 2 bed, 2 bath condo with easy access. Enjoy a beautifully updated kitchen with newer granite counters and kitchen cabinets, a large tiled lanai, and updated sliding doors. Wailea Palms is an exceptional gated community in Wailea that offers the opportunity to join the Wailea Golf Association.
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Hokulani Golf Villas #144
Kihei
$1,595,000 (FS)
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A true 4 bed, 3 full bath premium park-lot home which enjoys direct ocean, island and mountain views from both inside and outside the home and from all of its rooms. A $250K complete renovation showcases quality materials, finishes and re-design. Located at the top of the 3.5 acre park in the least trafficked and most quiet part of the community. No road or early morning golf course maintenance noise here.
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Keala O Wailea #301
Wailea
$2,629,000 (FS)
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Why work from home when you can work from Paradise? This stunning one of a kind 3 bed, 2.5 bath penthouse located in Wailea’s newest condominium community Keala O Wailea, is being offered turnkey. Overlooking the Wailea Blue golf course it boasts some of the best views on the entire property with sweeping panoramic ocean views from Makena to Ma’alaea.
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Residential Condos Under $1M
Kanoelani Apts #A1
Kihei
$399K (FS)
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This condo complex only consists of 6 units. This 1 bed, 1 bath unit is on the second floor and has high ceilings with lots of natural light. It was renovated back in 2015 with ceramic tile installed throughout and laminate flooring in the bedroom. The kitchen has been updated with stainless steel appliances and has peek a boo view of the ocean. The lanai is covered and also tiled.
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Kehalani Gardens #206
Wailuku
$497K (FS)
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This is your chance to own a private 3 bed, 2 bath corner end unit that feels just like a single-family home. A recent renovation provides an open living-dining area with a double sliding door opening onto a private courtyard, ready for a garden, lounge area, a grill and entertaining.
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Villas at Kehalani #1903
Wailuku
$999K (FS)
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Welcome home to The Villas at Kehalani, Wailuku's exclusive gated community of luxury townhomes. Villa 1903 is a rare 4 bed, 2.5 bath floor plan (only 4 exist in the complex) to be offered for sale. With captivating ocean and mountain views that span from Kahului Harbor to Haleakala, the city lights of Kahului at night and the lush West Maui Mountains as backdrop, this location is hard to beat.
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83 W Kapu Pl
Kihei
$3,999,999 (FS)
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Listing includes lot with full architectural plans which have been submitted to the County for approval.
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