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 973 October 26th, 2021


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  (2)
New Properties 
Price Reduction

Short Sales
Homes (1)  

Condos (1)
New Properties 
Price Reductions  

 Crown Jewel 


600 Haumana Road
$15M (FS)

Are You Planning on Doing a 1031 Exchange?


As the year is quickly drawing to an end and real estate prices are in most cases at record highs, you may be thinking of selling.  

If the property you intend to sell has been used as an investment property, then you may wish to consider a 1031 Exchange to defer any capital gains tax that you might otherwise owe.

Most everyone is familiar with the rules for identifying a replacement property within 45 days and closing within 180 days, but there are some subtle nuances when it comes to doing an Exchange that saddles two different tax years.

You may also think that you need to replace all of your debt.  Not true.

To read more about these differences, please go to this article written by IPX 1031 Exchange.

Please contact us if you are planning on taking advantage of the tax laws by doing a 1031 Exchange.

Mahalo Nui Loa,

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

The Smith Team

P.S. As COVID-19 numbers continue to decline here in the Islands, restrictions are being relaxed and more and more visitors are coming planning trips to Maui. I strongly encourage you not to delay in making your reservations as things are filling up quickly.  Let us know if we can be of any help.
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Market Watch
179 (151)
228 (100)
1367 (646)
143 (45)
319 (129)
2290 (562)
140 (51)
 66 (23)
397 (94)
462 (247)
613 (252)
4054 (1302)
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

2709 Kauhale St
2709 Kauhale Street

$1.219M (FS)
The possibilities are endless with this house and detached 'ohana. The main home is a 3bd, 3ba & has an extremely flexible floor plan. Top floor includes 2 bedrooms, 2 full baths, a full kitchen with pantry, living room and enclosed sun room with incredible ocean and sunset views. 
460 Polulani Drive 
$1.288M (FS)
The lovingly-crafted, custom 4 bedroom 3 bath home is designed for Maui living. The upstairs consists of an updated kitchen and living room, a covered lanai, primary bedroom suite, second bedroom and an office. 
340 Lower Kimo Drive
$1.8M (FS)
Enjoy dinner with bi-coastal views and sunsets on one of the two covered lanais as monarch butterflies’ flit past and birdsong fills your ears. Then, its stargazing from the 8 person spacious hot tub. Drift to sleep with the windows open to welcome in the breeze that rolls down the mountain. 
181 Walua Pl
181 Walua Place
$1.899M (FS)
Ocean and Mountain view home in one of the most sought after neighborhoods in Kihei. Located on a quiet cul-de-sac. Walking distance to Kamaole Beaches, Kamali'i elementary school and local shops. 

Homes Under $1M

296 Manini Pl
296 Manini Place
$799K (FS)
Bank Owned. Great potential for this 5 bedroom house  2 bedroom detached cottage on an oversized lot in North Kihei. This diamond in the rough is centrally located, close to the Kihei beaches and also just minutes from Kahului for all conveniences. 
20 Iao Loop

$895K (FS)
An "Infrequent" two story, 4 bedroom, 2.5 bath home, with Master Bedroom and bath downstairs. Quiet neighborhood, near the post office, shopping markets, local restaurants. Includes: Central A/C, Solar Heating System, Photo Voltaic System (leased), Soto Alarm System. Completely fenced yard, large storage shed. 
127 Oluea Cir (2)
127 Oluea Circle
$959K (FS)
This property awaits it's new owners. Mature landscaping, great yard space and central air conditioning are just some of features offered for ones enjoyment. If this sounds like the property you've been looking for.

Vacation Condos Over $1M

Mahana 901
Enjoy year round sunsets and a front row seats for watching the Humpback Whales in season. Beautifully remodeled two bedroom two bath with amazing ocean views from your private lanai, living room, kitchen and master bedroom plus the majestic West Maui mountain views from the second bedroom. 
Polo Beach Club 804
This unit offers stunning ocean and outer-island views from the slopes of Haleakala to Makena, encompassing Kahoolawe, Molokini, Lanai and the West Maui mountains. Stunning sunsets year round. 
Honua Kai - Konea
Honua Kai - Konea NR451
Tommy Bahama furniture through-out the home gives it a distinct uniqueness from most other residences at the resort. Enjoy BBQing on your oversized lanai with your Viking grill. And if a more formal dinner is the desire of the day, then cook away in your professional indoor Viking equipped kitchen, complete with 2 ovens.

Vacation Condos Under $1M

Kaanapali Shores
Kaanapali Shores 339
$700K (FS)
You can sit on your private lanai and enjoy the early morning tropical birds or the sunset colors of the evening sky. Your large, comfortable living area feels like an extension of the lanai with sliding doors that open fully open to let in the sweet smelling tropical breeze.
Kaanapali Plantation
Kaanapali Plantation 60
$750K (FS)
The condo features two secluded peaceful and private lanais. One large lanai off the living room and the second one upstairs off the spacious bedroom with large closet and a small additional office space. From the bedroom you can watch the sunset over the ocean and keep the windows open to allow the Hawaiian breeze to flow through. 
Kamaole Sands
Kamaole Sands 10-203

$899.9K (FS)
This spectacularly remodeled condo was completed with all quality finishes. Soft close bamboo cabinet drawers and doors, granite countertops, stainless appliances, porcelain tile floors, and this quality was carried into the bathrooms as well.
Kapalua Golf Villas
Kapalua Golf Villas 17-V3
$929K (FS)
Pride of ownership shows in this top-level corner 1 bedroom 2 bathroom single level fully furnished residence. This condominium has never been rented and has been lovingly cared for as a second “home.” The large covered lanai allows for indoor outdoor living with Sweeping Ocean views across the Kapalua Golf Course and towards the Island of Lanai in the distance.
Customer Listing Synopsis

Residential Condos Over $1M

Kai Ani Village 3-106
$1.1M (FS)
One of only a few condominiums on the island offering this work environment, this unit at Kai Ani Village has exceptional retail, office exposure on South Kihei Road. The attached, lower level space will allow you to created a professional telecommuting office, or a new business in the attached lower floor storefront.
Keala O Wailea
Keala O Wailea 2-104

$2.499M (FS)
This meticulously well-maintained ocean view 3 bed 2 bath condo comes fully furnished. Located on the ground floor, this unit comes with high ceilings, central air, tiled flooring, and plush carpet. The kitchen’s Bosch stainless steel appliances, gas stove and luxury cabinets bring an elegant modern feel. 
Kapalua Ironwoods
Kapalua Ironwoods 64

$2.7M (FS)
A tremendous opportunity to own an oceanfront residential condominium in Kapalua Resort with 3 bedrooms and 4 baths. The Ironwoods is a gated community with no vacation rentals allowed. This prestigious development is comprised of only 40 units with close proximity to the Ritz-Carlton hotel and other Kapalua Resort amenities.
Na Hale O Makena E-301
$3.75M (FS)
Enjoy spectacular year-round sunsets from the lanai and the second floor as well as views of Kahoolawe, Molokini, Lanai, Maalaea and the West Maui Mountains. The entry foyer and rear bedroom provide impressive Haleakala views.

Residential Condos Under $1M

Harbor Lights C-401
$184.5K (FS)
Take in the spectacular, full mountain view of this 4th floor unit, upgraded in 2009. Unique stone and tile floors throughout. Conveniently located in the heart of Kahului, close to shopping, dining, parks and medical centers. Private, gated resident parking area monitored by security guard.
Southpoint at Waiakoa 25-201
$495K (FS)
As you enter your condo the ocean view from the top of the landing will remind you how close you live to some of the best beaches in the world. Remodeled in 2013 from top to bottom with porcelain (not ceramic) tile floors, including the covered lanai. 
Kehalani Gardens 905
$498.5K (FS)
Three bedroom, two and a half bathroom Kehalani Gardens condo with very large yard and two parking stalls, one is covered (Stalls 111 and 114). Carpets new. Separate Storage for your convenience

            Customer Listing Synopsis
Hale Kanani
Hale Kanani 1-306
$775K (FS)
It has been newly carpeted, painted, and has new ceiling fans and window coverings. The water heater was replaced in 2020. The central A/C condenser was replaced in 2017. 
Napili Villas
Napili Villas 6-1
$799K (FS)
This rare town home style 2 story 3 bedroom condo offers you a close proximity to the community park, beaches, restaurants, and Napili Market. Perfect starter home or use as a long term rental.
Vacant Land
O Makena Road 
$4.4M (FS)
Conservation with modest ag zoning. Properties short distance from the Makena-Keoneoio road. Commanding views of entire region with great privacy. In close proximity to La Persouse Bay marine preserve and upscale Makena and Kihei resorts. Properties are partially zoned conservation.
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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