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Aloha
Market Update
The housing market is expected to pick up moderately in 2017 despite higher mortgage rates. According to Lawrence Yun, Chiet Economist for the National Asosciation of Realtors, existing home sales are expected to increase 2% to 5.5 million in 2017. He also comments that steady job and pay gains will result in an overall pick up in home sales this year.
The Maui real estate market tracks most closely with what is happening in West Coast markets such as California, Oregon, and Washington, all of which, are still appreciating nicely. Western Canada has also been a factor in the past, but somewhat less so now their dollar has fallen over 25% in recent years. In fact, Canadians are more often Sellers in today's market.
One area of our market which is very strong is the low end condo and residential market which is being bought up by locals who find it cheaper to own than to rent due to the very tight rental market and low interest rates.
If you are looking for a deal on a luxury second home or vacation condo, it is a good time to make an offer. There are more and more motivated Sellers as this segment of the market has slowed considerably in the last few years.
Have a wonderful week,
Ken and Melissa for The Smith Team
Ken, Melissa, Greg and Lindsey
P.S. - More than 450 pieces of equipment and machinery from Hawaii Commercial & Sugar Comapny will be auctioned off on January 18th and 19th. Click here for more information.
Melissa Smith R (B), Ken Smith R (S), Gregory Smith R(B), Lindsey Taylor R (S)
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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520 (307)
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173 (30)
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1076 (219)
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-4 |
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Condos
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830 (210)
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202 (23)
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1313 (169)
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-17
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Land
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353 (143)
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44 (8)
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161 (22)
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-4 |
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Total
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1703 (659)
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419 (61)
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2550 (410)
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-25 |
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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
43 Kahana Place
Kahana
$1.349M (FS) |
This beautiful home is only 50 steps to a beautiful sandy beach. Located on a large lot with great direct access to a popular family beach in Kahana. Home is move-in ready and has a gorgeous brand new kitchen and floors throughout. Upgrades include an in-ground pool, decking, fencing, bathrooms and etc. Third bedroom and bathroom are set-up as an attached cottage with a full kitchen.
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356 Kualono Place
Wailea
$2.795M (FS) |
This two story house sitting at the pinnacle of this gated community can easily be called the Gem of Wailea Pualani. With sweeping ocean views, two spacious suites on the upper and lower levels, a media room and open lower lanai designed for entertaining or taking a relaxing spa. Separate lanai area for outdoor BBQ and an open kitchen to an expansive great room. Executive Viking kitchen with wine cabinet, built in warmers and double deck ovens providing all one will need to entertain.
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3149 Makamae Place
Maui Meadows
$1.450M (FS) |
Spectacular, sweeping ocean views from Kahakaloa on the North Shore all the way to Kaho'olawe in the South. As you enter the great room, you'll enjoy well-crafted, open-beam ceilings, a spacious kitchen with gathering area and floor to ceiling windows with stunning ocean views. This 4 bedroom, 2.5 bath home features an immense master suite upstairs with 2 private lanais. Downstairs you will find 3 bedrooms with grounds access and a 922 sq ft garage/workshop. A full standard-size tennis court, meditation/relaxation stations and 2 waterfalls are just a few of this over .6 acre property's attributes. Set away from the electronically gated main house portion of the property, you'll find a 2 bedroom, 700 sq ft cottage with it's own gated entrance, yard and two parking spaces currently generating rental income.
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350 Hanauana Road
Haiku
$2.8M (FS) |
Complete privacy, luxury and incredible, panoramic ocean and Haleakala views. Located in a small, gated community, this custom estate home offers spaciousness in a modern and open architectural design. Situated high up on a bluff, bordering a river, overlooking and adjacent to 500 acres of State conservation land and a short walk to multiple waterfalls. Excellent selection of materials, including Indonesian solid teak cabinets, onyx vessel sinks, flooring of lava, slate and hardwood. Additional touches include two master bedroom en suites, Imperial plaster interior walls and a gourmet kitchen with Subzero, Wolf and Bosch appliances. Enjoy the vistas and indoor/outdoor living on your expansive lanai. Above the garage is a tasteful studio for your guests or caretaker.
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Homes Under $1M
254 Aneo Lane
Kahului
$549K (FS) |
Located in the Traditions at Maui Lani, this 2 story home has a guest suite on the 1st floor and a master suite on the 2nd floor. Additional bedrooms and another full bathroom are also located on the 2nd floor. Seconds out the back door lays the community's exclusive water park. Available to residence only, this water park offers a grassy area for a summer picnic, a private party or simply a Sunday Fun Day. This home has been well maintained and will not last long. Conveniently located across the street from Pomaika'i school, this home is one to visit if you are shopping in the Kahului market area.
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23 Uahaa Place
Wailuku
$579K (FS) |
This home, in the very desirable neighborhood of Ohia at Kehalani, is located near the end of a cul-de-sac, in a well kept neighborhood, and just below the new elementary school. Close to Wailuku Town and centrally located, this is a great place to call home.
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615 Kuu Home
Kihei
$475K (FS) |
Short sale - This 3 bedroom, 2 bath home is located in North Kihei. It has a spacious yard and lots of parking. Solar water heater included. Piilani Highway is behind property.
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2130 Piiholo Road
Olinda
$699K (FS) |
Bank owned - Enjoy the fresh scent of tall Eucalyptus trees, the beautiful green surroundings and the chirping birds sounds around this 2 story home in a 2.2 acres property. Main house was built in 2001 and the 2 bedroom, 2 bath cottage was built in 2005. Main home features bamboo floors, granite counter tops, gas stove, bay window and window seat, ceramic tile in kitchen, entry & in main bathroom. A large main bedroom is complemented with a large bathroom featuring granite counters, jacuzzi tub, separate shower, huge walk in closet and more! The detached cottage has pine wood flooring throughout, maple cabinets, large pantry, cathedral ceilings, lots of large windows bringing in lots of light. Main bathroom has a jacuzzi tub and separate shower. The cottage has a large covered deck built for relaxing.
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Vacation Condos Over $1M
Wailea Beach Villas F-302
Wailea
$6.525M (FS) |
Best of the Best! Perfectly situated 3 bedroom 3.5 bathroom villa has gorgeous ocean and outer-island views. Spacious corner unit offers a large wrap around lanai with features such as a built in BBQ for entertaining and custom Teak plantation shutters for added privacy. Finishes include beautiful stone flooring, granite counter tops and Mahogany wood cabinets and trim through out. Features include gourmet kitchen with a custom built in wine cooler, Sub Zero refrigerator, plasma TV with custom built entertainment center and surround sound. Master Bedroom has a private alcove office that leads directly out to the lanai. Custom built in cabinets and privacy glass doors separate the bedroom from the office. Located on one of Maui's premier beaches this complex offers the finest amenities to owners and guests including concierge and valet services, adult infinity pool and spa, a family pool area, gated entrance, two entertainment lounges for private events, business center, conference room, game room and fitness center.
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Puamana Unit 240-3
Lahaina
$1.95M (FS) |
Rare opportunity to own direct oceanfront in Lahaina within the historic gated community of Puamana. Sold fully furnished and turnkey ready, this 3 bedroom 2 full 2 half bath, three story townhome has unobstructed expansive views of Lana'i and Kaho'olawe Islands. Ground floor kitchen with granite countertops opens up to dining and living area with ocean views. Sizable ground floor lanai invites add'l dining and BBQ, and leads out to a meticulously groomed grassy stretch of endless palm trees that sway in the breeze and line the seasonal sandy beach. Master 2nd floor suite steps out to a spacious lanai perfect for watching whales in season, sunning in your chaise, enjoying morning sunrise coffee and evening cocktails embellished by spectacular sunsets. Third floor bedroom, permitted as a loft, enjoys both ocean and mountain views. Common elements include 3 swimming pools, tennis court, historic clubhouse and large open lawns with majestic producing mango trees. Surf, paddleboard, and walk to Lahaina for shopping and dining. Puamana is a true treasure!
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Kaanapali Alii 1-506
Kaanapali
$4.95M (FS) |
Prime direct oceanfront inside courtyard 2 bedroom 2 bathroom at the Kaanapali Alii. Situated right on Kaanapali Beach unit 1-5-6 is the perfect picture postcard spot for watching the Whales in Winter, year round sunsets between the islands of Lana'i and Moloka'i and the beautiful Kaanapali coast. Meticulously maintained unit not in a vacation rental program. Kaanapali Alii offers beachfront swimming pool and grilling facilities plus tennis courts and a state of the art workout facility with spa services. Walk to the shops and restaurants of Whalers Village and an abundance of ocean activities.
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Vacation Condos Under $1M
Kapalua Golf Villas Unit 27P7-8
Kapalua
$775K (FS) |
Short sale - This upscale 2 bedroom, 2 bath luxury condo is set beside the beauty of the Kapalua Golf Course. It is an end unit with ocean views from the lanai. This is a spacious, open floor plan with great indoor/outdoor living. Remodeled and considered to be in the Deluxe Ocean View Category of condos for the Villas and is part of the Kapalua Gold Program.
Customer Listing Synopsis
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Lauloa Unit 102
Maalaea
$565K (FS) |
This fee simple oceanfront unit can be used as a vacation rental. Tile and Pergo flooring, walk-in shower, and almost 2 acres of beautiful grounds. Centrally located with easy parking and walking distance to shops. Steps to water and surf.
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Papakea Resort Unit D-204
Lahaina$489K (FS)
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Fee Simple, 2nd floor, ocean view 1 bedroom overlooking the Papakea tropical gardens, pools, and ocean nearby. Nicely upgraded & well maintained by the local owners. Excellent oceanview because of the central location. Koi ponds below provide the peace that Papakea owners enjoy most.
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Wailea Ekahi Unit 17C
Wailea
$839K (FS) |
Ekahi 17-C affords a truly 'sweet' direct ocean & outer island view from almost anywhere in the living/dining area & a compelling ocean view from the beautifully updated kitchen. Gorgeous specimen granite counters, with custom edging, adorn the center island & the kitchen which also boasts a full height granite back-splash. There are lovely soft-close wood cabinets with solid maple interiors providing ample storage & complimented by matching stainless-steel & black Whirlpool appliances. There are limestone-like porcelain tiled floors throughout & the spacious lanai has natural edge stone-like tiles. The bathroom features the same updated cabinetry, an under-mount porcelain sink, oil rubbed bronze fixtures, & a floor to ceiling, polished edge, glassed in, tiled shower. Additional upgrades include white plantation shutters, designer ceiling fans in all rooms, split system A.C. in the living & bedroom areas, frameless 8 ft. mirrored sliders, a Bosch Axxis W/D, & an upgraded duranotic bronze slider which opens to the spacious lanai. You will enjoy the, meticulously cared for, tasteful furnishings throughout this open floor plan, plus an enclosed private garden lanai off the master suite. Ekahi's low density, lushly landscaped grounds, & numerous pools are set along Keawakapu Beach & are second to none! This unit is Priced to Sell!
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Residential Condos
Keala O Wailea Unit 71
Wailea
$779.9K (FS) |
Keala O Wailea offers a limited opportunity with just 70 apartment units that wind gracefully along the lushly landscaped site. Private 2 and 3 bedroom apartments, of which 14 are penthouses, are all oriented to capture the best ocean and island views from their distinctive vantage points. Apartment spaces range from 1,241 to 1,715 square feet with lanais from 152 to 238 square feet. Amenities include a community center with panoramic views of the coastline, exercise room, a lanai pool with rockscape and spa, 2,500-square-foot deck, covered pavilion with kitchen and barbecue facilities. This will be a gated community nearby to shopping & dining.
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Auhana Kuleana Unit 303
Kihei
$529.9K (FS)
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Large two-story townhouse in a prime location in central Kihei. Nice yard and one car garage with additional parking. Walk to the beach. Low maintenance fees and great floor plan. Needs a little updating but great price and won't last long.
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Walaka Apartments Unit 4
Kihei
$168K (FS) |
This cozy, ground floor, 1 bedroom unit is in the heart of Kihei. Walk to shops, restaurants and beaches.
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Vacant Land
0 Naele Road
Kula
$1.15M (FS) |
Exceptional views of both coastlines, Haleakala, the neighbor islands & the West Maui Mountains. Naele Road is a peaceful and quiet country lane cul de sac. The climate is exquisite at this 2000 ft. elevation allowing for cool nights and clear days. There is an all important county water meter installed. The area is ideal for agriculture or a horse/equestrian facility. The location is very convenient to shopping, schools and the towns of Kula, Pukalani, and Makawao. It is fifteen minutes to the airport. No CC&R's or homeowner's association. This parcel is a "blank canvas" with the vast majority of the land useable.
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43 Naniuka
Olinda
$459K (FS) |
This cleared, slightly sloped lot offers nice ocean views and is ready to be built on. Lot has a 5/8 inch water meter and is located at about 3,300 ft elevation in this private gated subdivision off Piiholo Road.
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