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Aloha
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In this newsletter:
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Wailea Luxury Penthouse
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Market Update
As novel coronavirus continues to impact global markets; we are seeing mortgage rates drop which is causing an increase in pending and closed real estate sales throughout Maui. In February the number of single-family homes that went under contract was up 18% from last year with 114 homes. Pending sales for condos went up 21% with 155 units under contract. Closed sales in February increased 5% for single-family homes with 83 closings and 10% for condos with 133 units closing.
In February the median sales price for a home on Maui decreased slightly, though it is still well above $700K at $744,150. You may think that because mortgage rates are now falling below 3.5% that home buyers were rushing to purchase property on Maui, but new inventory proved to be incredibly low last month. For the latest information on the market as well as detailed graphs click here.
Mahalo Nui Loa,
The Smith Team
P.S. During the month of March, over 200 restaurants in Hawaii have pledged to be ‘localicious’ meaning they will raise awareness for and endeavor to use local produce and other food products in their menus. The awareness campaign was created by the Hawaii Agricultural Foundation and has run annually in March for the last seven years. To check out full details and see what Maui restaurants are participating click here.
Melissa Smith R (B), Ken Smith R (S), Gregory Smith R (B)
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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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438 (278)
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236 (62)
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1133 (308)
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-8 |
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Condos
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454 (172)
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313 (75)
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1610 (233)
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+14 |
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Land
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313 (94)
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52 (19)
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168 (23)
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+2 |
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Total
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1205 (535)
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601 (156)
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2911 (564)
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-8 |
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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
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2771 Kauhikoalani Pl
Haiku
$1,085,000 (FS)
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Come home to this beautifully appointed 4 bed, 3 bath home in the Kauhikoalani Subdivision. You will feel like you've walked into a brand new home with new carpet, new paint and new flooring. Cooking is a delight in the gorgeous kitchen with Avonite counters, light up Cherry wood cabinets and a kitchen nook area.
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3150 Nahenahe Pl
Maui Meadows
$1,212,500 (FS)
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The main house has beautiful new flooring, fresh paint, window treatments and new appliances to make this 4 bed, 3 bath property move-in ready! Located on a cul de sac, this home is a classic cedar pole home with high beam ceilings, as well as Haleakala & ocean views from the spacious upper decks. The enclosed main deck includes a jacuzzi and plenty of entertaining space.
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211 Wahioli Way
Kaanapali
$1,495,000 (FS)
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With the ocean as your front yard and stunning views, this unique, 3 bed, 3 bath Polynesian-inspired residence offers the utmost privacy, luxurious finishes and amenities to please the discerning buyer. Minutes from the famous Ka'anapali Beach Resort, enjoy beautiful Lana'i and Moloka'i vistas, 2,113 sf. of open concept indoor space, and vaulted living room ceilings with exposed wooden beams.
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Homes Under $1M
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281 Leleihoku St
Wailuku
$445K (FS)
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Located in a desirable area just off Liholiho St. in Wailuku this 3 bed, 2 bath home is close to schools, shops, restaurants, and parks. The property is eligible for other structures too. Enjoy a large entertaining lanai out in the back and a terraced garden area with a shed.
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1791 Kaupakalua Rd
Haiku
$499K (FS)
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Welcome to the joy of country living in this cozy, renovated, classic plantation style 2 bed, 1 bath home. This home is turn-key, move-in ready, and offers a wonderful opportunity to live on a lush and level property that overlooks the gorgeous West Maui Mountains. Located 3 lots down from the Hanzawa General Store.
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77 Poniu Cir
Wailuku
$640K (FS)
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Enjoy a well maintained, 3 bed, 2 bath home with many updates. This one story home in a very quiet neighborhood is within walking distance of a shopping center with a grocery store, drugstores, a gas station, fast food restaurants and more. It's also conveniently located just minutes away from downtown, Wailuku. If you are looking for a home that is move-in ready, look no further.
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18 Nana Pono Pl
Kula
$985K (FS)
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Enjoy spectacular views of Haleakala above with a breathtaking vista into the deep valley below. Also enjoy gazing on the stars, moon and planets, with stunning sunrises and sunsets. Watch as the clouds and mist weave through the mountain trees…elements of the Kula climate. Swiss Chalet meets Anthroplologie in the styling of this private 3 bed, 2 bath home.
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Vacation Condos Over $1M
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Honua Kai - Konea #NR839
Kaanapali
$2,299,000 (FS)
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Take advantage of this rare opportunity to own a specialty wrap around lanai, 2 bed, 2 bath home at Honua Kai. Located on the top floor, you’ll enjoy unobstructed ocean views from inside your living and kitchen areas. The oversized wrap around lanai (315 sf.) offers more than ample space for ocean viewing, giving you sun or shade at the same time.
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Wailea Point I II III #3003
Wailea
$2,999,000 (FS)
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A ground level, 2 bed, 3 bath unit with no stairs between the garage & front door. Step right off the spacious lanai for easy access to Wailea Point’s famed lawns and gardens. The interior boasts Wailea Point’s original, excellent quality, and has been well maintained. The garage is big enough to store a car and golf cart, and lots more. Rental history is available.
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Puamana #160-3
Lahaina
$4,995,000 (FS)
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A truly one-of-a-kind opportunity to own a 2 bed, 2.5 bath unit along the West Maui shoreline, overlooking the white sandy crescent of Kapalua Bay, with panoramic ocean views framed by the neighboring islands of Molokai and Lanai. Located within the renowned Kapalua Resort, home to two championship golf courses, miles of hiking trails and an array of ocean activities.
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Vacation Condos Under $1M
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Kihei Bay Surf #142
Kihei
$365K (FS)
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Aloha and welcome to Kihei Bay Surf Unit #142. This is a ground floor studio, 1 bath unit with excellent vacation rental history that is now being offered fully furnished and turnkey. Kihei Bay Surf is a low density complex located across the street from the ocean. The bathroom has been nicely upgraded with a walk in shower. The large lanai overlooks the tennis court.
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Napili Shores #F246
Napili
$599K (FS)
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Take advantage of this seldom available, 1 bed, 1 bath unit in the "F" building and located just a short stroll from the ocean’s edge and the famous Gazebo Restaurant. Napili Shores Resort is situated on an oceanfront parcel at Napili Bay. Low-rise and tranquil, this Napili resort garden setting is enhanced with shady monkey pod trees, fragrant plumeria blossoms, and shady coconut palms. Enjoy some of the best snorkeling on Maui (Honokeana Cove) and a beautiful sandy beach, Napili Bay.
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Kihei Surfside #309
Kihei
$809,500 (FS)
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An amazing opportunity awaits you to purchase this fantastic 1 bed, 1 bath, fee simple, unit close to the water's edge! Kihei Surfside has so much to offer with an exceptional location, beautiful snorkeling and a rare and very expansive, lush, green lawn that few resorts can boast.
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Wailea Ekahi I #1F
Wailea
$949K (FS)
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Enjoy beautiful ocean and West Maui mountain views from the kitchen, living room, and spacious lanai. This 1 bed, 1 bath unit has over 790 sf. of interior living space, featuring vaulted ceilings in the main living area, and a split A/C for those warmer days. The unit is in clean, original condition, having been well taken care of for the last 40+ years.
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Residential Condos Over $1M
Wailea Fairway Villas #Y103
Wailea
$1,249,000 (FS)
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Enjoy sweeping ocean, Molokini, Kaho’olawe, Lana’i and west Maui mountain views from both upstairs and downstairs lanais as well as fantastic Maui sunsets. A gorgeous 3 bed, 3 bath “turn-key” end unit townhome set on the quiet south side of the lushly landscaped Wailea Fairway Villas complex and overlooking the 11th green on the Wailea Blue golf course.
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Na Hale O Makena #D102
Wailea
$1.45M (FS)
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An immaculately maintained single level, 3 bed, 2.5 bath Makena residence, privately situated, overlooking six manicured acres of tropical landscaping! Spectacular sunset views are seen from throughout this oasis. An open concept living area with a sliding glass wall of doors lends to the indoor/outdoor lifestyle and great flow for small or large gatherings.
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Residential Condos Under $1M
Harbor Lights #B-405
Kahului
$145K (FS)
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This is a preferred 4th floor, 2 bed, 1.5 bath unit with an excellent view to the mountains over the courtyard. Features include tile floors and wood cabinetry. The unit is close to the University of Hawaii and the Queen Kaahumanu Center. The complex features a swimming pool and barbecue area as well as on site management with gated security entry.
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Puuone Terrace #105
Wailuku
$249,500 (FS)
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A remodeled, first floor, 1 bed, 1 bath unit with delightful views of the ocean and Iao Valley conveniently located at Puuone Terrace. Enjoy upgraded stainless steel appliances, a tile backsplash and modern cabinets in the kitchen. Recently painted, updated bathroom and newer ceiling fans. Tile flooring throughout helps keep this home cool and clean.
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Flats at Kamalani #3506
Kihei
$439K (FS)
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Enjoy breathtaking sunsets and ocean views from this upper level condo in one of North Kihei's newest developments; Kamalani. This unit is in a great location; just as you enter the complex, first building on the right-hand side. This 2 bed, 1.5 bath unit features a modern look with A/C in each bedroom and in the living room.
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0 Nonohe Pl
Sprecklesville
$2.85M (FS)
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This is the last opportunity in Spreckelsville to create the ultimate north shore legacy beach estate. 0 Nonohe Place is a 3/4 acre lot that has the only deeded beach access directly onto one of the nicest beaches in the world. Baby Beach and Baldwin Beach Park are one of Maui's best-kept secrets for all ocean water sports as well as walking, relaxing and shell collecting.
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