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Aloha ,
Market Update
April was a good month for Maui real estate, 99 single family homes were sold, 13.8% more than last year. The median sales price of a single family home was at $680K, 17% higher than last year and close to a record high. April's median single family home sales price was higher than any month of 2015.
Almost a quarter of the homes sold in April were in central Maui, though sales volume was down 35.9% from the previous year home values rose 7.5% to $532K. The second most homes were sold in Kihei, where 17 homes were sold, double that of April 2015. Kihei homes sold for a median sales price of $639K, 24.7% higher than last year.
Condo sales also increased 19% over last year with a total of 125 condos sold in April. Islandwide median condo sale price increased 8.5% to $440K.
Have a wonderful week,
Lindsey for The Smith Team
Ken, Melissa and Lindsey
P.S. - Maui Hemp Institute for research will host a 9 day Hemp Fest, June 4-12, 2016, promoting the benefits of industrial hemp in conjunction with the recent passing of hemp legislation in Hawaii. Festivities will kick off at the Kihei, Maui Brewing Company on June 4th at 5pm.
Melissa Smith R (B), Ken Smith R (S)
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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550 (309)
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274 (47)
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1119 (189)
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-9 |
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Condos
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848 (202)
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251 (29)
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1200 (151)
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-1
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Land
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379 (141)
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34 (11)
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155 (22)
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+5 |
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Total
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1777 (652)
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559 (87)
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2474 (362)
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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 number of active listings from the previous week.
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Homes Over $1M
29 Door of Faith Road
Haiku
$1.15M (FS) |
Ocean views from this distinctly custom octagon home with an attached ohana. Single level living beautifully set among the lush grounds, the fragrances of flowers and sounds of colorful birds all blessed with ocean views. Living is easy with the expansive wrap around covered lanai.
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81 Aleki Place
Spreckelsville
$5.8M (FS) |
Spectacular ocean views inside and out. This wonderful oceanfront home of 7 beds, and 5 baths, refreshing swimming pool and 3 bed Ohana brings Maui's iconic North shore living to life.
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11499 Honoapiilani Highway
Olowalu
$5.85M (FS) |
Price Reduced - Olowalu oceanfront estate, truly an opportunity of a lifetime to live on over 1.5 acres and own 298 lineal feet of oceanfront along some of the calmest and most pristine waters in all of Maui. Just 91 feet from the waters edge sits your custom built home with 6,436 sq ft under roof.
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Homes Under $1M
263 North Momi Place
Wailuku
$325K (FS) |
Charming 2 bed, 1 bath fixer upper house in Wailuku. Close to businesses, restaurants, shopping and park.
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736 Makiki Street
Wailuku
$510K (FS) |
Located in the desirable Waiehu Heights in an established neighborhood. This home is within a short distance to stores, schools, parks, entertainment, and medical facilities. The 6 bed, 4 bath home can be great for an extended family.
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 63 Olinda Road
Makawao
$599K (FS) |
North shore ocean views, short distance to Makawao, precious privacy and “bonus” spaces are just a few of the many benefits this remodeled plantation home offers. This home was lovingly crafted into an artist sanctuary with a plant collector garden, mosaic tile laden paths, exotic flowers, fruit trees, and a stunning grandiose monkey pod tree.
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527 Mililani Place
Maui Meadows
$998K (FS) |
Priced below the 2016 Maui County assessed value of $1,008,400, this is a great opportunity for an investor, owner/rental, or multi-family living. This property has an all usable lot with a large separation between the single story main house and cottage. It has a very creative floor plan with a number of different options.
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Vacation Condos Over $1M
Mana Kai #514
Kihei
$1.385M (FS) |
Enjoy spectacular ocean views from this beautifully renovated Mana Kai unit. The beach side bedroom has been reconfigured to provide even better ocean views right from your bed. The kitchen and bathrooms have also been nicely renovated, along with new tile in the unit, smoothed ceilings, two split-system A/Cs, and more.
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Kamaole One #12
Kihei
$1.4M (FS) |
Rarely available, true oceanfront, 2 bed, 2 bath remodeled condo with covered parking on popular Charley Young Beach. Kamaole One is a vacation rentable boutique complex with only 12 units. This prime location, second floor, corner unit has been lovingly maintained with pride of ownership evident throughout.
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Vacation Condos Under $1M
Residential Condos
Puuone Gardens #19
Wailuku
$195K (FS) |
Price Reduced - Fantastic ocean, North shore and Haleakala views from this renovated 2 bed, 1 bath apartment. Corner unit offers extra window lighting. Upgraded in 2007 with new cabinets, ceramic tile floors, water heater and A/C wall unit. New window coverings just installed. One covered parking stall with extra storage downstairs.
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Kihei Villages #1-202
Kihei
$219.9K (FS) |
Bank Owned - This clean Kihei Villages unit offers a private location with fully covered lanai. Floors are laminate in all rooms except kitchen, baths and lanai, which have tile floors. Cabinets, counter tops and appliances have been updated and in good condition. One parking spaces comes with this unit, conveniently located at the bottom of the stairs.
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Maalaea Mermaid #313
Maalaea
$294,250 (FS) |
Spacious penthouse, approximately 894 sq ft oceanfront unit with 2 lanais, one on each floor. This is the largest 1 bed, 1.5 bath floor plan in the complex. Maalaea has miles of sandy beach bordering nature reserve. At Maalaea Harbor, close to Maui Ocean Center, Maalaea shopping center, restaurants' and downtown.
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Cottages at Kulamalu #23
Pukalani
$549K (FS) |
Enjoy the Upcountry climate and living in this beautiful 2 story residential condo townhome. This home has been meticulously maintained and features 3 beds, 2.5 baths and a finished 2 car garage. The well-designed bright open kitchen features stainless steel appliances and Corian counters with a bar stool area.
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Ke Alii Ocean Villas #E-103
Kihei
$799,999 (FS) |
Situated in South Maui, Ke Alii Ocean Villas offers a luxurious condominium lifestyle with just a short walk to the area's best swimming beaches, restaurants and shopping. This desirable ground floor, single level with den floor plan is elevator accessible and includes an upgraded garage.
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Vacant Land
110 Keoawa Street
Kapalua
$795K (FS) |
Price Reduced - Outstanding opportunity and priced well below assessed valuation. This is a beautiful parcel deserving of someone looking for acreage, serenity, and views in one of the most coveted areas of the island. This is by far the lowest priced lot in the Kapalua Resort!
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Lot 10 Haniu/ Kai Hele Ku Street
Lahaina
$1.295M (FS) |
16.8 acres near surf and beach parks. A rare opportunity, lots come with 2 water meters (one potable, one non-potable) and stub-outs for two additional water meters. Lot is 'off-grid' but there is plenty of sunshine in west Maui for PV.
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