|
Aloha ,
In this newsletter:
Short Sales
Homes
Condos
Land (0)
New Properties (0)
Price Reductions (0)
|
North Shore Oceanfront Estate
|
Market Update
We are in the midst of an affordable housing crisis on Maui. There are an estimated 2,000 transitional homeless people living here. There is a short supply of ordinary working class houses which causes bidding wars over these properties shooting prices up even higher.
To keep up with natural population, growth projections say we should be building 1,400 residential units a year. The Realtors Association of Maui conducted a survey to see what barriers are preventing builders and developers from getting new projects off the ground.
- Government permitting takes too long. Land use entitlements can take up to 10 years.
- We need to increase density by allowing rezoning of old neighborhoods from residential to apartment.
- There is a lack of water supply and infrastructure.
- Community resistance to change, residents are concerned about traffic, drainage and the impacts of developments.
New developments are necessary to accommodate Maui's housing shortfall.
Have a wonderful week,
Lindsey for The Smith Team
Ken, Melissa and Lindsey
P.S. - Haunted Mayhem will be taking over the historically spooky Old Maui High tomorrow night through Halloween. Wander through 1.2 miles of freaky monsters zombies and clowns.
Melissa Smith R (B), Ken Smith R (S)
Market Watch
| |
Active
|
Pending
|
Sold
|
Change
|
|
Homes
|
538 (270)
|
2225 (29)
|
1066 (191)
|
+9 |
|
Condos
|
730 (161)
|
180 (20)
|
1206 (158)
|
+6
|
|
Land
|
348 (132)
|
33 (4)
|
154 (24)
|
-6 |
|
Total
|
1607 (561)
|
442 (51)
|
2425 (373)
|
+9 |
|
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.
|
|
Homes Over $1M
22 Kili Nahe Street
Napili
$1.195M (FS) |
This is a pre-sale of a brand new construction 3 bedroom, 2.5 bath home and a detached 1 bedroom, 1 bath cottage in a small 8-lot subdivision. Kitchens & bathrooms have granite counter tops, appliances are Bosch in Main house GE in the cottage.
|
41 Piialii Street
Haiku
$1.395M (FS) |
Amazing Haiku Location - There is a reason why Haiku Makai is one of the North Shore’s most sought after locations. The surf and sand of Ho'okipa Beach Park are less than 5 minutes away; Mama’s Fish House and Pa’ia town are just beyond.
|
 3246 Keha Drive
Maui Meadows
$1.7999M (FS) |
If privacy is an important asset in your life, you must look at this gated property with beautiful, lush, tropical foliage affording the home and Ohana a quiet, serene setting. The spacious master bedroom suite has a large covered lanai and ocean/Molokini view.
|
480 Puniawa Road
Haiku
$1.9M (FS) |
Explore the possibilities of 26.7 acres of secluded, spectacular and substantially usable land that features a plantation style inspired pole home and a detached garage. The property consists of a mix of pasture, meadow, coconut palms, stately common mangoes and forest.
|
Lot 2 Unit A Iliahi Way
Lahaina
$3.995M (FS) |
Fabulous new 5 bedroom, 5 1/2 bath, oceanview home with gourmet kitchen, pool, and 3 car garage, to be completed January 2016. Offering stunning whitewater ocean and sunset views, with the beautiful West Maui mountains and frequent rainbows as a backdrop.
|
Homes Under $1M
551 Liholiho Street
Wailuku
$520K (FS) |
Welcome to Liholiho Street, close to everything a owner could ever want. Walking distance to City parks, dog parks, Baldwin stadium for sporting events, county fair, exercise, close to Kahului harbor for fresh fish, hospitals, spanning dining venues, shopping malls, theaters, surfing and food market.
|
681 Imihale Street
Kihei
$549K (FS) |
Looking for a great single level home in the South district of Maui? Looking for a home located minutes from the Pacific Ocean? Look no further. Here it is. Situated in the Kenolio Estates neighborhood is a home offering an enclosed yard, mature landscaping and extra features for outdoor entertainment.
|
753 Hoomau Street
Wailuku
$585K (FS) |
1-story home perfect for extended family. Freshly repainted in & out. New tile floor in kitchen & bathrooms of main house. Laminate in living and dining areas, carpet in bedrooms. New granite counter top in kitchen, new stainless steel double door refrigerator, new conventional oven.
|
Vacation Condos Over $1M
Hoolei #S-3
Wailea
$2.125M (FS) |
Hoolei is a spectacular Wailea Condominium complex with the highest quality finishes throughout and gorgeous stone floors. This unit contains 3 large bedrooms, 3 and ½ bathrooms and 2 huge lanais. The large master suite has a must see bathroom. The large spacious kitchen includes a gas cook top, large pantry and a plethora of counter space.
|
Montage Residences #2202
Kapalua
$3.25M (FS) |
A unique opportunity to own the only walk-out, ground floor residence in Building 2 at Montage Kapalua Bay. Conveniently located in front of the 2 mile coastal trail that connects you to all the Montage amenities, hiking trails and Kapalua Bay. This residence is also being sold furnished.
|
Vacation Condos Under $1M
Papakea Resort #D109
Napili
$379K (FS) |
Extraordinary. Maui. Truly a great value can be found in this clean and serene one bedroom corner unit located on the ground floor of this popular oceanfront vacation resort. The park-like grounds are immaculately groomed and filled with Hawaiian tropicals. Red ginger grows right outside the living room window and a colorful koi pond is steps from your lanai.
|
Kamaole Sands #9-103
Kihei
$479K (FS) |
This peaceful and immaculate unit is situated in one of South Maui's most popular vacation rental complexes. Enjoy tennis courts, an expansive pool area with two spas and a wading pool, exercise facilities, outdoor dining areas, and a host of guest services.
|
Papakea Resort #F-109
Napili
$550K (FS) |
Direct Oceanfront One bedroom unit. Papakea's 12 plus acres, 2 pools, 2 Jacuzzis, putting greens, gorgeous grounds make it your perfect family resort on West Maui. Lowest price one bedroom with direct ocean front, never ending sunsets, & winter time whale watching. Ground floor with large grassy area as your front yard oceanfront view.
|
Honua Kai - Hoku Lani #237
Kaanapali
$699K (FS) |
Very popular studio floor plan! Full sized kitchen featuring Bosch appliance package. In suite laundry. Great investment property. Home is in very active rental program.
|
Makani Sands #110
Napili
$749K (FS) |
This is paradise! One of the few condos in Lahaina right on a sandy beach. Turtles live right in front of condo, and enjoy watching the whales migrate by. Remodeled in 2014. Vacation rental (optional management company onsite), fully unfurnished. Walk out your front door and take 20 steps to the ocean.
|
Residential Condos
Opukea at Lahaina #F103
Lahaina
$481,145 (FS) |
This is a brand new condominium 2 bedroom/ 2 bath in Opukea by DR Horton- Schuler Homes. Located in the heart of Lahaina, Maui! Walking distance to shopping, beaches, and dining.
|
Napili Villas #14-6
Napili
$530K (FS) |
Napili Villas 14/6, 37 Polohina Lane #6, is a beautifully updated 3 bedroom, 2 bath, 1, 236 square ft Townhouse-style unit that has a reverse floor plan, with the living area upstairs, a view of the West Maui mountains, and a peek-a-boo ocean view when the trees are trimmed. It has central air conditioning.
|
Villas At Kehalani #2703
Wailuku
$699K (FS) |
End unit with ground floor master. The Villas is a 16-acre gated community of 103 luxury town homes in 30 buildings located in the Master Planned Community of Kehalani.
|
Masters #1503
Kaanapali
$1.285M (FS) |
Extensive remodel - no expense was spared in this very private, ground floor corner unit. One of 3 buildings with only 4 units. Covered parking space. Minimal stairs, completely air-conditioned with three energy efficient split units. New natural travertine flooring inside and out, new carpet in bedrooms.
|
Vacant Land
17 Keoneloa Street
Wailuku
$220K (FS) |
Terrific central location! Walk to shops, schools, and health care. This is a Bankruptcy sale of a vacant lot in the gated community of Sand Hills in Maui Lani, great opportunity.
|
|
