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Aloha
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In this newsletter:
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Ideal Beachfront Escape
In Makena
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Market Update
Since March, when the effects of the COVID-19 pandemic began to disrupt travel, we have seen a decline in all parts of the Maui economy, and that includes the sale of both residential homes and condominiums. That being said, however, pending sales have increased since April and as it stands right now those numbers are very close to where they were at this same time in 2019.
Reta Chin, AVP, Strategic Business Development with Fidelity National Title & Escrow attributes the rise in pending sales to more people moving to Maui because it remains one of the safest places in the nation with regards to the pandemic.
Unsurprisingly, the number of real estate transactions that have closed in the first part of 2020 were down 20% compared with 2019. The median sales price for a single family home remained steady and actually rose 3% to $765,173. Condos saw the same increase, with the median price rising 9% to $569,500. To read the full article and study the graphs we are referencing you can check out Maui Now’s website here.
Mahalo Nui Loa,
Ken Smith R(S), Melissa Smith R(B), and Gregory P Smith R(B)
The Smith Team
P.S. We may see more Japanese tourists traveling to Hawaii in the coming weeks, as it has been identified as one of 12 destinations Japanese leaders have deemed safe to resume international travel to. Prime Minister Abe from Japan said that even though travel may resume, the 12 destinations will be regulated and pre-travel testing testing as well as proof of negative COVID-19 test results will be required from those reentering Japan after international travel. Governor David Ige expressed his gratitude to Prime Minister Abe for including Hawaii on the list.
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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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385 (232)
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218 (53)
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1027 (283)
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-16 |
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Condos
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651 (155)
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188 (54)
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1357 (223)
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-1 |
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Land
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271 (73)
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63 (21)
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146 (16)
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-3 |
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Total
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1307 (460)
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469 (128)
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2530 (522)
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-20 |
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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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495 Hoala Dr
Maui Meadows
$1,226,000 (FS)
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This 2 bed, 1 bath property checks all the boxes. It's ideally located, on an all-level and lushly landscaped half-acre. Its also in the highly coveted Maui Meadows neighborhood with no homeowner association fees or restrictions. Enjoy being away from highway noise, but moments from spectacular Wailea beaches, shops, restaurants, and golf.
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202 Kealakai Pl
Spreckelsville
$1.2M (FS)
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This 4 bed, 3.5 bath beach house is located in Old Spreckelsville steps away from Baby Beach. Rarely do any of these homes come on the market and for very good reasons. Surfing, SUPing, kiting, windsurfing, golf, tennis, bike riding, beach walks and the Maui Country Club are steps away from this charming home.
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4342 W Waiola St
Wailea
$3,999,000 (FS)
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Overlooking the Wailea Blue Golf Course, this exceptionally designed 4 bed, 4.5 bath home in Wailea Golf Vistas has ocean views from all living areas. The master suite is on the main level and there are three en-suit bedrooms on the second level. The expansive travertine stone pool deck with spa is complemented by an outdoor kitchen with a gas grill and tiki torches for tropical ambience.
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Homes Under $1M
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371 Lahainaluna Rd
Lahaina
$550K (FS)
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A classic Lahaina house near the Old Sugar Mill on Lahainaluna Rd. Step back into historic sugar cane days. This charming 4 bed, 1 bath home is light, bright, and inviting. It features 4 air-conditioned bedrooms and owned photovoltaic solar panels with net metering. This property was upgraded in 2012 with a new kitchen and bathroom, insulated bedrooms, and beautiful flooring.
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70 Aliilani Pl
Kihei
$560K (FS)
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Bank Owned - Huge potential awaits the handy person looking for a fixer-upper. Get it ready for a rental, or fix it up to live in it, this house is ready for the buyer to decide how much to do to the 2 bed, 2 bath home. Located on a quiet cul-de-sac across the street from the North Kihei resort condo complexes, this home is just minutes from shopping, restaurants, and other conveniences.
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172 Ikea Pl
Pukalani
$695K (FS)
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Enjoy stunning views of the West Maui Mountains, and the North and South Shores from this well appointed 3 bed, 1.5 bath lower Pukalani home. Pukalani offers an ideal climate, proximity to public and private schools, shopping, parks, a pool and the Saturday Farmer’s Market.
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173 Iliwai Loop
Kihei
$969K (FS)
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A beautiful, move-in ready, remodeled home in a convenient South Kihei location just a few minutes to beaches, shops, and restaurants. Features a 3 bed, 2 bath main home and a 1 bed, 1 bath ohana/in-law unit. There are large patio areas both upstairs and downstairs to enjoy indoor/outdoor living.
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Vacation Condos Over $1M
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Honua Kai - Hoku Lani #SR 405
Kaanapali
$1,595,000 (FS)
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Hokulani 405 is a spectacular 2 bed, 2 bath ocean view suite in the renowned Honua Kai Resort offering dramatic ocean island views like no other place in Hawaii. This location offers views of the gorgeous Maui waters, nearby islands, tropical palms and blue skies. Built on West Maui’s last resort zoned oceanfront freehold land, this resort community is a legal vacation rental.
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Wailea Point I II III #2102
Wailea
$2.85M (FS)
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Welcome to Wailea Point 2102 an exceptional location in the iconic complex of Wailea Point Villages. This 2 bed, 3 bath unit was specifically chosen for its rare combination of views. In addition to year round ocean, sunset, West Maui Mountains, we include prime Ulupalakua/ Haleakala views. Enjoy the world-class amenities this unit has immediate access to.
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Makena Surf #B202
Makena
$2,999,000 (FS)
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Location and luxury combine with this rare, 2 bed, 2 bath beachfront opportunity in B building, the most desirable position within Makena Surf, which sits in front of Po'olenalena Beach (Paipu Beach). Here, "B" stands for the best at Makena Surf! A pristine renovation in 2019 and a professional interior design finish marks this as the one you've been waiting for!
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Puamana #19-3
Lahaina
$3.35M (FS)
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Just north of the beach access, 19-3 is central yet private with undoubtedly the best location within Puamana. Relax on the spacious lanai and watch surfers, whales and sunsets, depending on the season. Wax your board and paddle out as this 3 bed, 2 bath property is located on the main Puamana surf spot. Enjoy a short walk to the historic clubhouse where you can work-out in the oceanfront gym, celebrate birthdays or visit the library.
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Wailea Beach Villas #PH302
Wailea
$3,795,000 (FS)
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From the time you arrive at the guard-gated entrance, and you are greeted at the friendly front desk and concierge area, you know that you are in a very special place. Your private-access elevator delivers you to your beautiful 2 bed, 2 bath condo, which was fully redecorated in 2019 in a mid-century modern Hawaiian theme by a local interior designer.
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Vacation Condos Under $1M
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Pacific Shores #B215
Kihei
$525K (FS)
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A super cute end unit at Pacific Shores with wonderful upgrades! This 2 bed, 2 bath unit has been updated throughout with a new kitchen and bathrooms as well as laminate flooring. This private end location and two parking stalls make this a perfect unit to call home. The unit is offered fully furnished and could also be used as a vacation rental if desired.
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Wailea Ekahi III #48B
Wailea
$650K (FS)
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This beautifully renovated ground floor studio unit provides its occupants with a peaceful setting from which to enjoy picturesque garden views. The colors in the tropical landscaping are breathtaking. The renovation of the unit was completed in 2015, and included a new kitchen with granite counter tops, bamboo cabinets, stainless steel appliances, and a coved ceiling.
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Palms at Wailea I #602
Wailea
$712,500 (FS)
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Bank Owned - Enjoy a short stroll to Kihei’s Kalama Beach Park, golfing, tennis, boutique shops, outdoor recreational activities, and a vast array of cuisine. This residence boasts 2 beds, 2 baths, air conditioning, an open floorplan and lanai ideal for both relaxing and entertaining.
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Palms at Wailea I #609
Wailea
$740K (FS)
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Tranquility abounds in this spacious and beautifully renovated 1 bed, 2 bath Palms at Wailea condo. Sleek upgrades to the master bathroom, vinyl wood flooring throughout, a brand new stainless steel fridge, SONOS sound system and a fully covered lanai with expansive greenspace are just a few of the wonderful features. This condo will be sold turn-key and ready to enjoy for personal use or as a short-term vacation rental.
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Residential Condos Over $1M
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Keala O Wailea #67-202
Wailea
$1,375,000 (FS)
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A lovely 2 bed, 2 bath unit at Keala o Wailea with stunning ocean views. This unit shows like a model home with contemporary finishes and a sleek layout. This unit feature Bosch stainless steel appliances, a kitchen island and a large living area. Enjoy exquisite ocean and mountain views from the master bedroom as well as a custom closet by Maui Closet company.
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Residential Condos Under $1M
Puuone Towers and Plaza #504
Wailuku
$259,900 (FS)
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Bank Owned - The ocean view from your living room and master bedroom is excellent in this Puuone Towers and Plaza 2 bed, 1.5 bath condo. This unit has been completely renovated from the floors to the ceilings. From electrical, plumbing, cabinets, countertops, floors, and paint this unit was gutted and upgraded with tasteful quality materials.
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Southpointe at Waiakoa #18-201
Kihei
$349,900 (FS)
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A top-floor, private, 2 bed, 1.5 bath corner unit with spectacular views of Haleakala from the lanai and bedrooms. Building 18 is on the Western perimeter of the complex, removed from the interior buzz in the complex. This unit was impeccably maintained, and features new waterproof luxury laminate plank floors, A/C and fresh paint throughout, making this home ready to move in.
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Koa Kai #3B
Kihei
$485K (FS)
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This is a spacious, move-in ready, 857 sf. ground level 2 bed, condo with 2 full bathrooms and an office nook set in an ideal layout. Being an end unit means it boasts windows galore, offering an abundance of natural light, making it bright and airy. No carpet here, just beautiful, brand new LifeProof Essential Oak vinyl plank flooring.
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160 Auoli Dr
Makawao
$318K (FS)
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Located in the heart of Makawao town in the established neighborhood of Makawao Ranch Acres, across the street from Eddie Tam Memorial Center where you will find basketball courts, baseball fields, a gymnasium, restrooms, soccer fields and more! This is a perfect level lot on the corner of Kohina Place and Auoli Drive. Improvements include all new fencing on two sides, a cleared lot, a new septic system, stamped building plans and an approved county permit for a 2 bed, 2 bath plantation style home.
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