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 1019 September 13th, 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 (6)
Condos (4)
New Properties 
Price Reductions  

Short Sales

New Properties

Price Reductions 

Maui’s Surfing Goat Dairy

3651 Omaopio Road
$5.9M (FS)

Confused About the Real Estate Market

Are you wondering what is happening with the Real Estate market? It seems as if that is the question being asked by a lot of people. Will prices go up, down, or stay the same? Should I wait to buy until prices and or interest rates fall? Is it a good time to sell?

Of course, no one knows for certain what will happen. We can tell you that inventories on Maui for homes, condos and land remain fairly tight even though we’ve seen increases in the number of active listings in homes of about 40% for the last 6 months while condos listings have increased by only 20%.

In spite of a rather large increase in the number of listings, they still remain historically low, and what is more telling is that the ratio of sales to listings is quite high especially for condos. In the last year, there have been 1811 condos sold and currently the number of Active listings sits at only 177.

There is no doubt that we’ve seen a slowing trend lately on Maui in sales, but, at least for the time being, prices have held fairly steady.

Although markets vary depending on location, this article courtesy of CNBC News gives some great insights into the market overall in the U.S. We highly recommend you read it and then let us know your thoughts.

Have a great week.


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.Median price of a home on Maui dips below $1 Million for the first time this year. Read more.
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Market Watch
249 (211)
143 (76)
1187 (669)
177 (83)
245 (135)
113 (55)
 35 (9)
264 (89)
539 (349)
423 (220)
3262 (1317)
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

101 Waaula Pl
101 Waaula Place

$2.7M (FS)
As you enter this lovely home you will be astounded by the gorgeous lengthy entrance that leads to the oversized living room with voluminous ceilings. The gigantic chef’s kitchen is set up for entertaining & contains an electric cooktop, Wolf gas stove, double ovens, warming drawer, microwave drawer, refrigerator, plus an incredible amount of cupboards. 
121 Awaiku St
121 Awaiku Street
$3M (FS)
Incredible opportunity to own in sought after launiupoko. Plenty of lot space to create your dream home. This beautiful 4 bedroom, 3 bath (listed with county as 2/2) home has amazing views, lots of privacy and is ready for new owners. Winter whale watching is fabulous from your lanai .
1437 Front
1437 Front Street
$3.395M (FS)
Stunning oceanfront home in historic Lahaina town. Enjoy sunsets year-round and watch as whales pass by. Located near the heart of front street and a short walking distance to restaurants as well as the path to Ka’anapali. This recently remodeled home features hardwood floors and high-end finishes throughout. 

300 Kepa
300 Kepa Road

$4.6M (FS)
The sweeping entry driveway is edged in glorious jacaranda trees with their vibrant purple blooms. Built in 1926, this grand estate is steeped in Maui history and has been the site of many wonderful island gatherings. The estate includes 16 acres of beautiful upcountry land.

Homes Under $1M

55 Lepo Place

$599K (FS)
Bank Owned. Private jungle property brimming with tropical flowers, mature fruit trees and bamboo. Cash or Rehab loan may be required. Please do not enter the property without an agent present. County water and electricity to the property but currently shut off.
535 Pahi Ka
535 Pahi Ka Street

$789K (FS)
Amazing 4 Bedroom Duplex Paia Property now for sale. This property has been been converted into a duplex with separate entries. Beautiful fruit trees and landscaping, grown for many years. A short distance away from world famous beaches, restaurants, Mana foods, and everything else Paia has to offer. 

 681 Molokai 
681 Molokai Akau Street

$899K (FS)
Solid 3 bedroom 2.5 bath Hollow Tile constructed home with a newer (2015) roof. Endless possibilities offered with the open concept floor plan. Featuring a spacious kitchen with lots of counter space & cabinets, a den, laundry room, extra-large 3 car enclosed garage with a workshop and lots of storage. Cemented area in the back used for additional parking or as an entertainment area.

Vacation Condos Over $1M

Maui Kai
Maui Kai 904
$1M (FS)
As you enter, you are greeted by a spectacular Ocean and Island views that makes you feel as if you were on a private cruise ship and offers amazing privacy. The kitchen upgrades include stainless appliances and granite countertops with a generous back splash. The bathroom ceiling was updated as well.

Customer Listing Synopsis


Polynesian Shores
Polynesian Shores 218
$1.050M (FS)

Beautifully remodeled condo with ocean views. This spacious 2 bedroom 2 bath loft style unit on West Maui is perfect for a vacation condo or a second home. This unit was recently remodeled from top to bottom. All new kitchen and bathroom cabinets and counter tops.

Customer Listing Synopsis

Palms at Wailea
Palms at Wailea 1502

$1.555M (FS)
Beautiful ocean views from the living room, bedroom and the lanai. Perfect for enjoying sunsets all year round and watching whales in the winter. Unit faces onto the expansive interior garden creating a peaceful surrounding. Recently installed ceiling mounted split system a/c keep the unit cool and comfortable.
Kapalua Golf Villas
Kapalua Golf Villas 25 P3-4
$1.75M (FS)
Upgraded 2 bedroom 2 bathroom Kapalua Golf Villa is located in Building 25, which is located on the top row of the Golf Villas. This ground floor location is right behind the 5th hole tee box of the Kapalua Bay Golf Course. The Seller has recently renovated the home, both interior and exterior. The villa has fabulous views of the golf course and the ocean. Close to great beaches, wonderful restaurants and world class golf courses. 

Vacation Condos Under $1M

Hono Kai
Hono Kai A-4

$565K (FS)
The Maui Ocean Center, whale watches, dinner cruises and some great restaurants are at the other end of the street. Hono Kai itself is an ocean front complex that features an ocean side bbq area and swimming pool. It is landscaped with some beautiful flowers and fauna complete with bananas, guavas and papayas.
 Kanai A Nalu 
Kanai A Nalu 420

$650K (LH)
This top floor, oceanfront end unit is perfect for year round living or as an investment property. Bring your clothes and toothbrush! Everything has been done and is being sold furnished with the exception of a few art pieces. The unit has been upgraded from floor to ceiling.
Kihei Sands
Kihei Sands B-2

$875K (FS)
This unit is a two bedroom two bath second floor unit in the complex and has a peek a boo ocean view. The unit is nicely upgraded, has three split AC units and is a turnkey vacation rental. This small boutique complex is a hidden gem. 29 units total that all share the amenities of the ocean front pool and barbeque area.

Customer Listing Synopsis

Video/Virtual Tour

Island Sands
Island Sands 105

$895K (FS)
A 2 bedroom 2 bath lock-out floor plan unit with separate entrances and is perfectly located on the ground floor with easy access to the pool. Conveniently located near the Maalaea small boat harbor with shops, restaurants and all of the Ocean activities that Maui has to offer. Easy access to both the Westside, South shore and town make this a spectacular opportunity.

Residential Condos Over $1M

Wailea Palms
Wailea Palms 2706
$1.925M (FS)
Stunning Molokini and Kahoolawe Island and ocean views from this extremely private two-bedroom residence. The home has all new stainless-steel appliances, fresh paint, new carpet and blinds plus a split system A/C. Wailea Palms is an elegant, gated community that features one of Maui’s most popular pool amenity areas.
1659 Lokia
1659 Lokia Street
$2.1M (FS)
Gorgeous 3 bedroom, 4 bath, 3,069 sq. ft. single family home with a beautiful pool and a big ocean view in the neighborhood of Wahikuli in West Maui. Here you’ll find yourself gazing at panoramic ocean views and amazing sunsets. The lower level has an additional bedroom, bathroom, laundry area and office room. Solar panels are owned and net metered.

Residential Condos Under $1M

  Iao Parkside
Iao Parkside 44-106
$450K (FS)
A well maintained and fully renovated gorgeous ground floor, one bedroom, one bath condo. This lovely home has a beautifully landscaped fenced-in yard. The interior has an open-concept floor plan with granite countertops, stainless appliances, and a newly remodeled bathroom with floor to ceiling marble shower walls & floor tile.

Customer Listing Synopsis


Maui Lani Terraces
Maui Lani Terraces C-304
$474.9K (FS)
The unit is on the third floor with panoramic 180 degree ocean views of Lanai and Molokai. Watch the whales breaching from your lanai. Updated with granite counters, stainless appliances, track lighting, tile floors, and tile shower. 
Kihei Villages
Kihei Villages 3-203
$535K (FS)
Perfectly renovated top-floor unit with a nice view of the West Maui Mountains and a peek-a-boo ocean view from your private lanai. Sunsets are must-see. Enjoy new vinyl flooring throughout, new fixtures, appliances, and an open concept floor plan that is ideal for entertaining.
Hoolea TerraceHoolea Terraces at Kehalani 2004
$699K (FS)
This end unit feels like a single family home with no one living above you, a private entrance, and secluded covered lanai. This is a very desirable ground floor unit without any stairs and clear pathways to and from the unit. This ideal floor plan features a great master suite with an open concept living area.
Kai Makani
Kai Makani J-101
$899K (FS)
A residential-style condo complex nestled on a lusciously landscaped 10-acre piece of Maui Paradise. This two-bedroom, corner unit, has been meticulously maintained by the original owner. Enjoy the cool tropical breezes as you sit outside on the covered lanai, not to mention the heated saline pool, fitness center, and BBQ area. 

Vacant Land

221 Kaualani
221 Kaualani Drive
$449K (FS)
Perfectly nestled on a corner lot in the heart of Pukalani awaits an amazing opportunity to build. This flat, level lot in a golf community with no HOA offers a blank canvas for a savvy buyer. Build up and take advantage of the views or perhaps a tiny home is more your style, the possibilities are endless.
0 Pulehuiki
O Pulehuiki Road
$1.25M (FS)
This property is fully fenced and has many options for use. Lot is mostly level with tiny a tiny home included with the sale. Live in the tiny home while building your dream home with views of the ocean and sunset views most of the year. 

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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