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
About Maui Our Listings Property Search Rentals Blog Contact Us
 
Issue 1006 June 15th, 2022
 

Aloha


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 (6)
Condos (2)
Land
New Properties 
Price Reductions  

Short Sales
Homes  

Condos 
Land
New Properties

Price Reductions 

 
 North Shore Oasis 

 71 Door of Faith 

71 Door of Faith Road
Haiku
$3.5M (FS)
 
May Market Report
 

 

Data from the Real Estate Association of Maui for May depict a cooling market marked by fewer sales transactions- especially for South and West Maui; however, median prices are still above last years’ averages in North, Central and East Maui, and more than 60% of all residential and condo sales are closing at or above list prices. Check out the complete report here.

 

On the ground we’re seeing some sellers are reducing their prices, opening doors for buyers who are well positioned with cash or able to finance. Many vacation condo sellers, given the minimal inventory, are holding their prices while many buyers are waiting to see where interest rates go. 

 

What does this mean? Well, simply put, the game board is shifting. How much, is anyone’s guess, but opportunities remain just depending upon what pieces you hold in your hand. If you have questions about selling or buying in today’s market, reach out to the Smith Team. We have a wealth of knowledge and a long history of helping clients through puzzling times like this. 

 

Mahalo Nui Loa,

Ken Smith R(S), Melissa Smith R(B), and Gregory P Smith R(B)

The Smith Team

 

P.S. Negative covid test no longer required to travel according to new CDC guidelines. Learn more here

Follow Us
facebook twitterlinked-round-flat   instagram-logo-icon-vector-29228004 (2)   
Market Watch
 
Active
Pending
Sold
Change
Homes
216 (179)
184 (98)
1291 (719)
+6
Condos
181 (90)
272 (138)
2122 (613)
+2
Land
101 (51)
 40 (9)
314 (98)
-7
Total
498 (320)
496 (245)
3727(1430)
+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.

 

Homes Over $1M

 138 kawailani 
138 Kawailani Circle
Kihei
$1.1M (FS)
This well maintained two story, central AC home is centrally located in Pi'ilani Villages, Phase II. Close to shopping, dinning, parks and recreational fun within walking distance, and short drive to the beach. Private fenced yard backs to a large natural gulch so no neighbors behind you. 
 
120 piimanua
120 Piimanua Street
Pukalani
$1.254M (FS)
Bank Owned. A winning opportunity to have a large  home in Pukalani (Makawao area) with an ocean view from the  second floor, in a well maintained, mature neighborhood. This property is close to great schools and commmerce yet, it has rural feel. Enjoy the two large living rooms and the nice size yard.
 
206 kalamanu
206 Kulamanu Circle
Kula

$1.975M (FS)
Welcome to Kulamanu, located in one of upcountry's most desirable neighborhoods. Take a quick drive for Sunday partries at La Provence and enjoy lunch at  another one of Maui's locally owned hideaways nearby. Haleakala mountain views and Jacaranda trees will embrace you as you enter this well manicured subdivision.
 
785 west
785 West Kuiaha Road
Haiku

$3.995M (FS)
Rare is the residence  on Maui that boasts impeccable architectural design, enough privacy, and a parade of trade winds that touch all the beauty of the Hawaiian-style floral and landscaping resting on 2 acres. Rarer still, a residence that provides floor to ceiling views of the ocean and materials all perfectly.
 

Homes Under $1M

burns
3504 Burns Place
Makawao
$649K (FS)
This sophisticated and sensible remodel with every square foot. Located on a quiet small street with a  sweet back yard with flowers, fruit, and birds. Walking distance to Makawao town, elementary school, general store,  restaurants, shop, US Post Office, Library , St. Joseph Church, Eddie Tam playground.
 
14
14 Kahiapo Place
Haiku
$799K (FS)
Incredible opportunity. Best price for a non cpr'd home in Haiku with the bonus of a flexible floor plan. Beautiful remodel completed June 2022. All new cabinetry, flooring, paint, tile and more. Photovoltaic system is owned. Super private back yard backs up to gulch. Mature landscaping with  two types of avocado trees, banana, noni fruit and cacao. This home is a must see.
 
hana
4150 Hana Highway
Haiku

$888K (FS)
Charming 2 bedroom cottage on almost a half acre with ocean views and room to build a main house. The cottage has a bird's nest feel the way it's situated over looking the surroundings. This beautiful private property offers flexibility on how to develop it.
 
85
85 Poniu Circle
Wailuku

$975K (FS)
Beautiful newly renovated 3 bedroom 2 bath two story home that offers  a spacious floorplan  with a fully fenced  back yard. Fresh paint  throughout the interior and exterior of home. Centrally located  close to grocery stores, hospital, medical offices, coffee shops and more. 
 

Vacation Condos Over $1M

am
Kamaole Sands 4-301
Kihei

$1.149M (FS)
Rare single-level 2 bedroom, totally private end unit  with partial ocean view. Unique to only end units is a living room windwow allowing natural light and air to effortlessly blend  into the environment, giving the highly sought-after tropical indoor-outdoor feel.
 
palms
Palms at Wailea 1902
Wailea

$1.375M (FS)
Spacious and well maintained second-floor unit with 2 bedrooms, 2 full bathrooms and 1,194 square feet of living area. End unit with windows on all sides offered turn-key fully furnished and well appointed for great guest experiences. It has a pleasant open layout with lots of windows for natural light and is a popular vacation  rental.

Customer Listing Synopsis

Video/Virtual Tour

me
Menehune Shores 419
Kihei
$1.39M (FS)

Elegantly furnished. Beautifully laid tiles throughout the condo. Very popular and heavily booked vacation rental unit. Direct ocean beach view. Terrific location. Step out to a beautiful manicured lawn with an easy access to white sand beach. Menehune Shores offers all from beautiful oceanfront pool, to the roof-top patio with endless view in all direction.

Customer Listing Synopsis
 

bu
Hoolei G-3
Wailea
$4.15M (FS)
This is an absolute gem of a home, and is being offered completely turn-key by the seller. Designed by a prestigious California interior design firm, this villa is both modern and elegant. From the moment  you walk through the front door, you will notice the sophistication and  designer elements throughout.
 
Wailea Point
Wailea Point 2303
Wailea

$6.495M (FS)
With iconic panoramic ocean, coastal & outer island views to the North and Northwest, unit 2302 enjoys glare-free vistas & no afternoon heat gain. Upon entering, designer elements abound. A natural chiseled white marble feature wall, soaring 20+ft high clear cedar ceilings, a custom mahogany spiral staircase to bedroom 3 & European natural white oak flooring speak warmth & refinement. 

Vacation Condos Under $1M

kl
Royal Kahana 1215
Kahana

$845.9K (FS)
Exceptional ocean views & the best Humpback watching. This apartment shows the utmost pride of ownership as it has been owner occupied since 1995. Bath has remodeled along with the new carpet installed recently. This well cared for apartment is being sold turn key. Under ground parking is available. 
aa 3
Haleakala Shores A-209
Kihei

$900K (FS)
Well maintained unit. The property is being sold As Is, where is condition. Being sold unfurnished. There will be no Sellers Real Property Disclosure Statement. The Buyer is instructed to conduct their own due diligence in all aspects of their purchase.

Customer Listing Synopsis
 

ggMaui Parkshore 202
Kihei
$920K (FS)

This unit is a spectacular ocean view and easy access to the beach for ocean lovers, Maui Parkshore is the condo of your dreams. This well-maintained 2 bed, 2 bath spacious unit was recently updated with  new paint and new flooring throughout the entire unit. 

Customer Listing Synopsis

Video/Virtual Tour

hh
Kamaole Sands 5-215
Kihei
$990K (FS)
It's time for you to own your Piece of Paradise on Maui. This beautiful, furnished, remodeled 1 bedroom, 2 bathroom condo. Located in the beautifully landscaped grounds of Kamaole Sands Kihei can be yours to enjoy. Sip on your coffee or a cocktail with views from the pool to the ocean from your lanai. 
 
Customer Listing Synopsis

Residential Condos Over $1M

 bb 
Wailea Palms 3003
Wailea
$1.595M (FS)
This unit has been conscientiously maintained with almost no personal use by the present owner. The light-filled great room enjoys wrap-around sliding glass walls & windows. There is a sweet surprise ocean view from the spacious airy master bedroom which alsogated. 
Kanani Wailea
Kanani Wailea 13
Wailea
$2.15M (FS)
First offering, original owners, impeccable turn-key residence in Kanani Wailea. Revel in the expansive ocean views from the dining and great rooms. Each of the three bedrooms has a private lanai, and a handsome stone wall ensures privacy and peace at ground level family room, lanai and garden.

Residential Condos Under $1M

  harbor
Harbor Lights D-224
Kahului

$225K (FS)
Located in Central Maui close to shopping, parks, and schools. This is a 2 bedroom, 1.5 bath unit. Well maintained and affordable condo unit.

Customer Listing Synopsis

maui
Maui Lani Terraces F-303
Honokawai

$475K (FS)
Welcome to Maui Lani Terraces. Enjoy lounging at the pool year around. You will be just steps away from the ocean and minutes away from shopping and dining.
Maui Lani Terraces
Maui Lani Terraces D-106
Honokawai
$499.9K (FS)
Maui Lani Terrace is within walking distance of Honokowai Beach Park, shopping, restaurants, bus stop. Pool, BBQ. Currently tenant occupied, 48 hour notice to show. W/D, Stove, G/D. The property is in good condition. Pictures were taken prior to current tenant occupying the property.
Villas at Kahana Ridge
Villas at Kahana Ridge 816
Kahana
$629K (FS)
This 2 bedroom, 2 bath condo with some ocean view located in West Maui. Your new property can be utilized as a primary residence or if you’re an investor as a long-term rental  lease or. Unit is located on the front row of the Villas at Kahana Ridge in a beautiful part of the island. This is a 1st floor condo that includes 2 deeded parking spots.
Kai Ani Village
Kai Ani Villages 5-203
Kihei
$839K (FS)
Highly desirable Kai Ani Village corner unit condo with 2 bedrooms, 2 bathrooms and a spacious front lanai. This unit has an open floor plan with lots of natural light. 886 sqft of Loveliness includes a full size washer and dryer, split A/C systems in both bedrooms and living room, stainless steel appliances, maple cabinetry, and granite throughout. 

Vacant Land

kll
44 North Laikeha Place 
Wailuku
$795K (FS)
Be one of only 25 lots in this beautiful, prestigious, gated subdivision called La'ikeha at Kehalani. La'ikeha means tranquility at the top. Feel and enjoy this serenity overlooking Central Maui the West Maui mountains on this large 15,659 sq.ft. lot. Make your dream home come true.
 
The Smith Team
www.MauiSales.com
(808) 572-0866
 
facebook    twitter    linked-round-flat    instagram-logo-icon-vector-29228004 (2)  
 
 
 



Click to view this email in a browser

If you no longer wish to receive these emails, please reply to this message with "Unsubscribe" in the subject line or simply click on the following link: Unsubscribe

Coldwell Banker Island Properties
#B-35 3750 Wailea Alanui Drive
Wailea, Hawaii 96753
US

Read the VerticalResponse marketing policy.

Try Email Marketing with VerticalResponse!