Aloha
In this newsletter:
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Maui's Beautiful District
120 Mauna Place
Kula
$5.5M (FS)
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May Market Report 2023
Those waiting for Maui home prices to drop will be dissappointed to learn that the median sales price of single homes established a new all-time high in May, $1.271,500, while median prices for condos continued to hold the $800k mark. The average cash purchase amount was $2.94 million for single-family homes and $1.15 million for condos.
SINGLE-FAMILY HOME TRANSACTIONS
Collectively, Maui’s single-family home market is showing signs of heating up. Since February of this year when sales activity hit a 15-year low, sales have increased by 65%.
CONDOMINIUM TRANSACTIONS
Maui’s condo market has remained relatively unchanged in recent months. A lack of inventory continues to keep prices near all-time highs, as condos sell in just 62 days. Highlights of the condo market include Mahana, Hale Kamaole, and the Montage Residences Kapalua Bay.
Please feel free to contact us if you need any further information.
For the the full May Market Report, please click here.
Mahalo Nui Loa,
Ken Smith R(S), Melissa Smith R(B), Gregory Smith R(B)
The Smith Team
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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236 (199)
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136 (90)
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834 (483)
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-3 |
Condos
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203 (85)
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207 (132)
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1094 (366)
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+6 |
Land
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136 (63)
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38 (13)
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196 (59)
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-4 |
Total
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575 (347)
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381 (235)
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2124 (908)
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-1 |
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
79 Pukolu Way
Wailea
$2.895M (FS) |
This classy & charming home in Wailea Kai was tastefully updated in 2022 and a delight to see. The main living and kitchen area is very light and airy with high open beam ceilings. The sliding glass doors open to the outdoor decks to view the landscaped back yard and views of the West Maui mountains.
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751 Oka Kope Street
Kaanapali
$5.8M (FS) |
Completed with meticulous attention to detail and the latest home-technology innovations, this captivating residence stands as a testament to modern Hawaiian luxury. Embracing idyllic resort-style indoor/outdoor living, generous lanais grace all sides of the house, inviting residents to soak in the captivating vistas.
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306 Cook Pine Drive
Kapalua
$6.15M (FS) |
This under-construction home will be the first brand-new home for sale in Pineapple Hill in over 12 years. This spacious, cutting-edge, 4-bedroom home with upstairs and downstairs primary bedrooms is located on one of the premier lots in Pineapple Hill at Kapalua. This is one of the exceptional panoramic ocean views to the outer islands of Lanai and Molokai with the magical Kapalua sunsets in between.
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Homes Under $1M
Vacation Condos Over $1M
Vacation Condos Under $1M
Residential Condos Over $1M
Wailea Palms 3508
Wailea
$1.699M (FS)
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Top floor, 2 bedroom 2 bath unit situated in the lower quiet area of the complex. Has a desired north facing location allowing for maximum use of the nearly 300 sq ft partially covered lanai! There are stunning ocean views with west Maui in the background from the primary bedroom, lanai, and living room.
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Vintage at Kaanapali 7
Kaanapali
$2.395M (FS)
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Spectacular ocean views with wonderful sunset views almost year round. Watch whales when In season from your private lanai. A gated community above the world famous Kaanapali Resort. Close to shopping, restaurants and golf, This single level residence has a wonderful open floor plan and a double garage.
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Hokulani Golf Villas 74
Kihei
$2.495M (FS)
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Built in 2020, this “like-new” amazing fully furnished 4 bedroom 3 bath home is located adjacent to the 11th hole of the Maui Nui Golf course with beautiful sunset views. Hokulani offers a single-family residential condominium lifestyle. This two-story home offers the flexibility of a 4 bedroom 3 bath or 3 bedrooms with den with main level and upper lanais.
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Wailea Point 801
Wailea
$6.95M (FS)
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This 3 bedroom, 4 bath, 2,554 square foot home, is the premier location for enjoying the best, that South Maui has to offer. Wood-paneled ceilings, throughout give the open floor plan a warm and inviting elegance. The recently remodeled kitchen features cool granite countertops.
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Residential Condos Under $1M
Harbor Lights A-105
Kahului
$199K (FS)
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This unit is 100% turn key with cash flow starting day 1. Now you can scoop up this discounted unit as the perfect place to park some cash and make your money work for you. Completely Renovated top to bottom in 2020. Including custom quartz countertops, shaker cabinets, stainless steel appliances, luxury vinyl plank floors, tile shower, plumbing and electric, vanities, doors, paint, ceiling fans, fixtures, etc.
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Harbor Lights A-102
Kahului
$245K (FS)
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This charming 2 bed 1.5 bath is a corner ground floor unit making it easily accessible for everyone. Located in the “A” building with peek-a-boo ocean and mountain view’s this unit has lots of fresh air coming through, keeping you cool all year long. Across the street from the ocean.
Customer Listing Synopsis
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Iliahi at Kehalani 10-B
Wailuku
$735K (FS)
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Only unit available, at the time of listing, in enviable Iliahi complex! Situated on the slopes of the West Maui Mountains with ocean and mountain views and a delightful climate. Front and back covered lanais, two deeded parking stalls, storage and private lanai in this pet friendly complex. Maintenance fee covers water, sewer, trash, meticulous landscape maintenance.
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Hoolea Terrace at Kehalani 1404
Wailuku
$765K (FS)
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This 3 bedroom 2 bath home has been well maintained and beautifully refurbished. This unique single story, corner end unit offers peace and quiet with no upstairs noise. The unit boasts nine foot ceilings, an open floor plan, private covered patio, a beautiful master bedroom with on-suite bathroom including his and her closets.
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Vacant Land
0 Kauna Lipo Drive Lot 15
Wailuku
$715K (FS)
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Enjoy the cool mountain breeze just below Wailuku Heights. The infrastructure and improvements for this upcoming subdivision is estimated to be complete in the Fall of this year 2023. Giving you time to draft plans of your dream home! This luxurious and quiet subdivision is ideally located in close proximity to Pu'u Kukui Elementary School, parks, shopping, dining, medical facilities and so much more.
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