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Aloha
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In this newsletter:
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Private Oceanfront Condo
Wailea Point 801
Wailea
$6.295M (FS)
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Maui Stats Year End
Median Sales Price increased 11.0 percent to $1,200,000 for Single Family homes and 10.4 percent to $850,000 for Condominiums
Days on Market Decreased 29.4 percent for Single Family homes but increased 16.5 percent for Condominiums.
Months Supply of Inventory Decreased 5.1 percent for Single Family homes but increased 138.1 percent for Condominiums.
Low levels of inventory continue to impact U.S. home sales, offering few options for aspiring buyers to choose from. Going into December there were 1.13 million units for sale, down 1.7% from the previous month but up 0.9% from the same period last year, for a 3.5 months’ supply at the current sales pace. As a result, sales prices remain high nationwide, with NAR reporting the median existing-home price rose 4% annually to $387,600 as of last measure, the fifth consecutive month of year-over-year price gains. Homebuyer demand is picking up, and without a significant increase in supply, experts believe home prices will likely remain elevated for some time to come.
Overall, the Maui Real Estate Report is courtesy of Fidelity National Title & Escrow. Experiencing a mix of trends and challenges as we head into 2024. It will be interesting to see how these trends continue to evolve over the coming year and beyond.
Mahalo Nui Loa,
Ken Smith R(S), Melissa Smith R(B), Gregory Smith R(B)
The Smith Team
P.S. Second Saturday is a fun, free event featuring live music from Gilliam and Esquire at South Maui Gardens. It will be held this coming Saturday, 1/13 from 5 to 8 p.m. Grab food from the many food trucks, get drinks, and shop at the Night Market.
Market Watch
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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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220 (186)
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148 (103)
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731 (468)
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+3 |
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Condos
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376 (224)
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160 (92)
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973 (334)
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+2 |
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Land
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133 (62)
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28 (8)
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164 (58)
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NC |
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Total
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729 (472)
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336 (202)
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1868 (860)
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+5 |
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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 the number of active listings from the previous week.
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Homes Over $1M
268 Kaualani Drive
Pukalani
$1.29M (FS) |
This sweet house and cottage are tucked back from the road providing peace. The main residence has 3 bedrooms and 2 bathrooms with a flexible floor plan to fit your lifestyle. You'll love the fenced backyard for the space, privacy and well-established landscaping. The sweet cottage has 2 bedrooms & 1 bathroom and is well situated for privacy on the nearly quarter-of-an-acre lot.
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135 Keoneloa Street
Wailuku
$1.995M (FS) |
From sunrise to sunset, this private oasis in Central Maui delivers. Expansive ocean, Haleakala, and West Maui mountain views compliment the lush greenbelt bordering this fully-fenced property. Just inside the grand entry staircase is an open-plan great room with soaring vaulted ceilings.
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30 Malie Place
Paia
$8.75M (FS) |
This oceanfront home is situated in an unsurpassed location with direct access to the blue pacific. Experience tropical elegance in this private, gated, cul-de-sac setting. With 3,881 sf of living area, this 3 bedoom, 4 bath residence offers relaxed indoor-outdoor living with vaulted ceilings & floor-to-ceiling sliders to let the soft ocean breezes & magnificent views in.
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Homes Under $1M
43 Pua Ina Place
Makawao
$850K (FS) |
Great Family home on private cul-de-sac road. Property abuts an open pasture to the rear for extra privacy (only two neighbors). Close to Makawao for shopping and dining. Schools are nearby.
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916 Maile Street
Haliimaile
$899K (FS) |
Welcome to this super cute 3 bedroom 1 bathroom home, nestled in the quaint community of Hali’imaile in beautiful upcountry Maui! It features high vaulted ceilings, with a spacious open floor plan, abundant room for relaxation and entertainment. The house had a 100% complete renovation in 2006 going from single wall construction to double wall.
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586 Akolea Street
Wailuku
$955K (FS) |
Single-level, 3 bedroom 2 bathroom home in excellent condition in the highly desired master-planned community of Kehalani awaits a new owner. Beautifully landscaped and well-maintained with many upgrades and replacements throughout the home. Located in a convenient Central Maui location.
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Vacation Condos Over $1M
Wailea Ekahi 23-C
Wailea
$1.6M (FS)
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Original owner purchased prior to construction. Unit is in Beachfront complex, Single level, Ground floor, No stairs, 1 bedroom, 2 full bathrooms in original condition. Very convenient location close to beach. Enjoy the Wailea path.
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Kamaole Sands 9405
Kihei
$2.15M (FS)
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This wonderful and very rare three bedroom, three bathroom unit is in a great complex directly across the street from the beach. It is perfect for large families or even several families. The bedrooms are very roomy, with king size beds in the main floor rooms and two queen size beds in the upstairs room.
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Kapalua Ridge 1723-24
Kapalua
$2.895M (FS)
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Very rare indeed as there are only three 3 bedroom condos built in Kapalua Ridge Villas and this is a beauty! Expansive ocean views greet you as you enter the condo. Exquisitely designed and perched at the top row of the Ridge, this condo provides extensive ocean. The large wrap around lanai (with pass through window) is perfect for sunset dinners, whale watching or mid-day snoozes.
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Makena Surf C-106
Makena
$4.785M (FS)
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Enjoy breathtaking unobstructed ocean, outer island, and sunset views from this extra-large, elegantly renovated, 2 bedroom, 2 bath Makena Surf condo. This 1,600 square foot unit feels even larger thanks to the extra-high ceilings, and the central air-conditioning and the C-building's concrete construction provides its occupants with a comfortable, quiet place to unwind.
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Vacation Condos Under $1M
Residential Condos Over $1M
Wailea Palms 2708
Wailea
$1.78M (FS)
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This top floor, 2 bedroom 2 bath private residence was originally used as a model for the developer. Unit boasts an unobstructed ocean view from every room, new split AC, new dishwasher, new cooktop, new oven and new microwave. You will love the spacious lanai, where you can relax and enjoy the sunset over the Pacific Ocean.
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La'i Loa 101
Wailea
$3.65M (FS)
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This finished coastal contemporary 3 bedroom, 3 bathroom Front Row unit is ready for occupancy. Enjoy island luxe living at this south side single level condo with open flow floor plan. Sliding glass wall pockets to expand your extraordinary living space onto the oversized ocean facing lanai with picture postcard views of Kahoolawe and Molokini.
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Residential Condos Under $1M
Keonekai Villages 14-202
Kihei
$529.9K (FS)
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As you enter this well maintained apartment complex you will be welcomed with a luscious green landscape and the smells of the near by ocean air. With two dedicated tandem parking spots parking is a breeze and only feet from your front door. Upon opening your front door you will notice a very open living area, the living room , dining room, and kitchen seamlessly merging into one with an open counter feel and an island.
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 Kihei Villages 48-102
Kihei
$569K (FS)
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Affordable ground level 2 bedroom condo with a yard. Unit is waiting for a buyer to put their personal touches to make this their home. This Kihei Villages condo offers 750 square feet of living space with 1.5 bathrooms. Building 48 is located in the northwest corner of the property making for a short walk to Kenolio Park, the farmer’s market.
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Napili Villas 7
Napili
$735K (FS)
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This 2 bedroom 2 bathroom 2nd floor unit has been occupied by long term tenants for years. 3 air conditioners, washer/dryer in unit, mirrored closet doors, vaulted ceilings in the living room. This unit is centrally located within the complex away from the highway. 2 parking spaces are included. Pets are allowed in this complex and this unit is close to the park on the property.
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Vacant Land
 1464 Halama StreetKihei
$4.79M (FS)
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Build your Maui dream home on a year round sandy beach located along one of South Maui's best beaches . The Halama/Kapu beach area is one of the least populated beaches in all of south Maui. Stroll for miles on the small surf break beach, or enjoy a short walk to shopping, coffee, and restaurants. Located on the north end of world famous Halama Street (the dead end portion) that has very little traffic.
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