Traveling to Hawaii is certainly not as easy as it used to be, but in a recent survey conducted by  the Hawaii Tourism Authority it was found that out of the 495 visitors that were surveyed 85% said their trip was excellent, and 94% said their trip either met or exceeded expectations. This is great to see, as it means that the number of tourists making the journey to Hawaii in 2021 should continue to rise.

While tourism numbers are not nearly what they were in 2019, the Pre-travel Testing Program allows anyone traveling to Hawaii to bypass the 10-day mandatory quarantine, which would make any vacation immensely more enjoyable. Out of the visitors that were surveyed, 79% said that their pre-travel testing experience went smoothly, and the protocols were clear. The remaining 21% reported various issues with pre-travel testing including difficulty finding a trusted testing partner, and not receiving their results within the specified window.

We will continue to look forward to a rise in tourism numbers as the local economy recovers from the COVID-19 pandemic. To look at the full report, follow this link.In an interview with The Maui News, the Chief Economist with the Department of Business, Economic Development and Tourism Eugene Tian stated that nearly 30% of the homes that were purchased in the better part of 2020 were purchased by out-of-state residents. Of those buyers 27.4% were from the mainland, and 1.4% were international. While this number seems high, out-of-state residents usually purchase nearly 50% of the available real estate on Maui.

The data is still being assembled for the demographic breakdown of these out-of-state buyers, as it is unclear whether most of those purchases were made by investors, or those seeking to move their principal residence to Hawaii now that most employees and business owners can work from home.

The three aspects of the current real estate market that appear to show no signs of slowing are low inventory levels, low interest rates on new mortgages and a climbing median sales price for both condos and single family homes. In December, the Realtors Association of Maui recorded the lowest inventory ever since they began keeping records in 2010. New construction is still very active on Maui, with several affordable housing projects as well as luxury condominium complexes set to be completed  between now and 2022.

To read the full interview The Maui News did with Eugene Tian click here.
Due to the spike in COVID-19 cases on Maui, Governor Ige gave Mayor Michael Victorino the authority to amend the current emergency rules. The new rules go into effect today. Here are the highlights.

- Retail occupancy is now limited to 30% to allow more room for social distancing.

- Bars and restaurants are now required to close at 10pm or earlier. Drive-throughs, non-liquor related takeout and room service are all exempt from this new rule.

In addition to pre-travel testing requirements for both inter-island and transpacific travelers, they are also now required to download either the AlohaSafe Alert app or another Google-Apple Exposure Notification System app. Travelers can also enable their exposure notification setting on their phone.

Face coverings must now be worn while walking to and from the beach or pool. They can only be removed once you are stationary and socially distanced from the people around you.

-Even if the venue is outdoors, a mask must be worn at gyms, yoga studios, and wellness centers.

While these rules mentioned  above are slightly different from rules that were already in place, it’s important to keep yourself informed on the latest developments coming out of the Mayor’s office.
 Smith Team Real Estate - 2 Generations of Satisfied Customers - (808) 572-0866
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Issue 1016 August 23rd, 2022


In this newsletter:
Market Update
Market Watch
Homes Over $1 Million
Homes Under $1 Million
Vacation Condo Over $1M
Vacation Condos Under $1M
Residential Condos 
Vacant Land 

Bank Owned 
Homes (5)
Condos (1)
New Properties 
Price Reductions  

Short Sales
Homes (1)

New Properties

Price Reductions 

Honu Hale

5187 Lower Honoapiilani Road
$7.95M (FS)

Second Home Ownership

So you would like to own a second home on Maui, but find that either the entry cost or
the cost to maintain your second home makes it financially untenable. This certainly
should not come as a surprise to anyone who has been looking for a second home on

The most popular destinations for second homes on Maui are in Wailea, Kaanapali, and
Kapalua. Here are the median prices of homes in each area:

Wailea = $4.8M
Kaanapali = $5.2M
Kapalua = $6.5M

Assuming your principal residence is owned free and clear, your net worth should
conservatively be 5 times the value of your second home. If you are not fortunate
enough to have a net worth in excess of $20M, there are some excellent options open
to you.

Why pay all the property taxes, upkeep, utilities, etc. on a home that you may not use
more than several months a year?

If you want to explore the options and benefits of shared home ownership, please
contact us.

Have a wonderful weekend!


Mahalo Nui Loa,

Ken Smith R(S), Melissa Smith R(B), Gregory Smith R(B) and 
Rachel Smith Kofron R(S)

The Smith Team

P.S. Our county is asking for Maui residents and visitors to conserve water to help extend the existing water supply as the drought continues through the county. Click here for more information.
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Market Watch
262 (217)
131 (65)
1229 (692)
210 (102)
238 (127)
1863 (567)
109 (53)
 36 (8)
278 (91)
581 (372)
405 (200)
3370 (1350)
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.


Homes Over $1M

6 Kamalei Cir
16 Kamalei Circle
$1.475M (FS)
The home features a fabulous floor plan with the primary suite and three bedrooms on the upper floor, plus an additional bedroom on the ground floor. The decor includes granite countertops, travertine flooring, and waterproof and scratch-resistant wood flooring. 
16 Kapii Pl 2
16 Kapii Place
$2.1M (FS)
This fully fenced in 2 acre parcel with large 5 bedrooms 2 1/2 bath main home is perfect for a large or extended family. This home has recently gone through a beautiful transformation which includes new Kitchen appliances, a fresh coat of interior paint, all new light fixtures and fans, new bathroom vanities and mirrors and an absolutely gorgeous new main bathroom.

3068 S Kihei
3068 South Kihei Road

$6.85M (FS)
Truly unique modernized home with intimate atmosphere and impeccable design on the Makai side(Ocean side) of South Kihei Road. Perfectly nestled adjacent to the renowned Keawakapu Beach. Every detail well thought out in this uniquely customized home with dramatic Koa wood waterfall stairway, leading to the voluminous Ocean View great room.

Homes Under $1M

44 Puu Koa
44 Puu Koa Place

$700K (FS)
Potential Short Sale. Plantation style 2B/1B cottage in a quiet dead end street in Haiku. Large screened-in front porch and mature landscape in the yard. Close proximity to Haiku Elementary School. Short drive to Ho'okipa Beach Park and about a 20 minute drive to Kahului town. Home needs some TLC. 
 47 Kealaloa Ave 
47 Kealaloa Avenue

$719K (FS)
Step into the charm of this vintage 1938 home with large windows overlooking an inviting front yard surrounded by trees for privacy. Enjoy listening to birdsong as you wake in the mornings, gazing at stars at night, and viewing Haleakala when you stroll to your mailbox. This quiet but central location is close to Makawao town and local amenities. 
1605 Piihana Road

$798K (FS)
Great value, rarely available, lots of possibilities including Multi-Family. Sold together with next door/rear vacant lot 389 Neki Place. 15,700 SF is the total lot size for both, original owner. Gas stove/oven, Leased Photo-Voltaic with Sunrun. TMK info. does not match actual 6 bedrooms plus bonus room. 
440 Poheoheo Pl
440 Poheoheo Place

$839K (FS)
This charming single story home on over 8,300 sq.ft of leveled land. The entire roof was replaced in 2016, interior completely repainted the same week of listing date, and piping around the entire home has been upgraded from galvanized to copper just 3 years ago. 
106 Kawalea
106 Kawalea Place

$865K (FS)
This wonderful 2 bedroom, 1 bath plus den is located on a quiet cul-de-sac. This immaculate home has the "WOW FACTOR" and displays complete pride of ownership. This home includes new kitchen cabinets, quartz countertop, cracked glass tile back splash and an Island in kitchen with Butcher Block top.

Vacation Condos Over $1M

Hololani A-702

$1.095M (FS)
This stunning 7th floor location at Hololani is really something special. The views are jaw dropping as soon as you walk through the front door you are drawn to the expanse of the pacific ocean. Imagine siting on your lanai enjoying your coffee and watching the turtles daily and in the winter months seeing humpback whales breaching.
Kaanapali Shores
Kaanapali Shores 616
$1.295M (FS)
This ocean view 2 bedroom 2 bath unit offers gorgeous views towards the Island of Molokai. Open full size kitchen with granite counter tops, tiled floors, custom wood cabinetry and ocean views from both bedrooms, living room, and kitchen. If you are looking for incredible value on Maui's West Side.

Customer Listing Synopsis

Video/Virtual Tour

champions 2
Grand Champions 21
$1.45M (FS)

Beautiful 2 bedroom, 2 bath condo at the Grand Champion Wailea has a peaceful garden view. Wake up to the sounds of birds singing while you enjoy your morning coffee on your lanai. A great opportunity for investors. The property is located in a vacation rentable condominium area. 

Customer Listing Synopsis

Kapalua Golf Villas
Kapalua Golf Villas 25 P3-4

$1.85M (FS)
Upgraded 2 bedroom 2 bathroom Kapalua Golf Villa is located in Building 25. The home was repainted in latter 2021. The villa has fabulous views of the golf course and the ocean. The Kapalua Golf Villas are in the Kapalua Resort, close to great beaches, wonderful restaurants and world class golf courses. 
Maalaea Surf
Maalaea Surf C-10
$2.1M (FS)
Rare Beachfront condo on beautiful sugar beach. Maalaea Surf condos is a gorgeous beachfront property located in North Kihei with amenities that include an oceanfront pool, shuffleboard, and tennis courts. Spacious 2 bedroom and 2 bath condo with incredible views. Enjoy the beautiful sunrise and sunset views from the spacious lanai, and long strolls on the beach just steps from the condo.
Wailea Point
Wailea Point 904
$5.75M (FS)
The epitome of Wailea luxury. Is situated just above the shoreline overlooking Wailea Beach with whitewater views, the South Maui coastline, and the stunning West Maui Mountains. The best way to enjoy Wailea's sunny weather is with indoor-outdoor living and this unit has an excellent mix of the two. One of only 8 units with this amazing view from the upstairs.
Hoolei B-2
$6.25M (FS)
This 3 bedroom, 3.5 bath luxury villa is ideally positioned to offer 180-degree ocean views and year round sunset vistas. You simply cannot beat the lifestyle. Fleetwood glass doors magically retract into the wall to reveal and allow access to the upper lanai. Tasteful furniture and beautiful decor elements, create a warm and inviting environment.

Vacation Condos Under $1M

Hale Ono Loa
Hale Ono Loa 104
$729.9K (FS)
This unit is being sold fully furnished and will make an excellent vacation rental or home. Enjoy expansive ocean views from the rooftop sundeck or relax in the pool at this amazing ocean front, resort style property in Honokowai. 
Haleakala Shores
Haleakala Shores A-209

$880K (FS)
Well maintained unit. This sale is subject to court approval and confirmation. Please allow suitable time for a response. The property is being sold As Is, Where Is Condition. Being sold unfurnished. There will be no Sellers Real Property Disclosure Statement. 
Kamaole Sands 8307

$885K (FS)
The large ocean & pastoral upcountry view lanai area is highly valued by the present owners as not all one bedroom units are afforded this amount of outdoor living space. The owners enjoy immaculate morning breakfasts & their evening ‘Happy Hours’ on this spacious lanai. 

Customer Listing Synopsis

Residential Condos Over $1M

Masters 501
$1.025M (FS)
The private location features an expansive lawn off the lanai and around the side, and lush landscaping makes for a private retreat. A rare floor plan, this corner, end unit has no other units above or below. Vaulted ceilings create an expansive airy feel, and windows open to Maui’s tropical breezes. 
Kai Malu
Kai Malu 16-B
$2.195M (FS)
This spacious 3 bedroom, 2.5 bathroom Lewa floor plan townhome is in a quiet and convenient location in Wailea’s popular Kai Malu. Open concept design in the living, dining, and kitchen area, opens with pocket sliders to a large, covered lanai and private fenced backyard with lush, green lawn. 
Na Hale O Makena E-201
$2.85M (FS)
Units are very spacious and open with Ocean views from the living area, Lanai and Master suite. Has all the amenities you would expect like granite counters, top of the line appliances, travertine flooring and more. Being sold furnished. Each unit has one assigned covered parking stall with a storage locker plus an open parking stall unassigned.

Residential Condos Under $1M

  Maui Lani Terraces
Maui Lani Terraces C-106
$470K (FS)
Enjoy living in one of the best neighborhoods just north of Kaanapali and south of Kapalua. Located across the street from the ocean, Maui Lani Terraces is close to beautiful West Maui beaches and great local shops and restaurants. This unit has been upgraded with tile flooring throughout, a walk-in tile shower, and a new kitchen.

Customer Listing Synopsis

Video/Virtual Tour

Keonekai Villages
Keonekai Villages 17-206
$625K (FS)
This great opportunity to own a 2 bedroom 2 bath condo in the heart of Kihei. This unit has been well maintained and has an AC wall unit to keep you cool on those warmer days. The kitchen has a tiled backsplash to match the countertops. Both bathrooms are beautifully tiled offering one tub enclosure and a shower enclosure. There is a washer and dryer in the unit for your convenience.
Townhomes at Kamalani
Townhomes at Kamalani 1604
$795K (FS)
This unit is a multi-level townhome which features 3 bedrooms and 2.5 baths and a single car garage. Step outside to a custom backyard oasis with river stone, paver walkways and custom built modern wood planters, perfect for your dream patio garden. Inside boasts air-conditioning in every room, gas range, quartz countertop.

Vacant Land

10 Mohala Pl Lot
10 Mohala Place 
$489K (FS)
Exceptional convenience and impressive North Shore, West Maui Mountains, and Haleakala views from this spatial CPR unit in the heart of Pukalani. Unit A has its own water meter installed and is located closest to Mohala Pl allowing shorter distances for utilities and flexible driveway access.

The Smith Team
(808) 572-0866
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Coldwell Banker Island Properties
#B-35 3750 Wailea Alanui Drive
Wailea, Hawaii 96753

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