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 1011 July 19th, 2022
 

Aloha


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 (3)
Condos (1)
Land
New Properties 
Price Reductions  

Short Sales
Homes  

Condos 
Land
New Properties

Price Reductions 

 
Sapphire Seas
 1498 Halama 

1498 Halama Street
Kihei
$12.75M (FS)


Astounding Swells, Surf & Sea Level Rise
 

Photo Credit: Freight Trains by Brian DeCook, 7/17/2022

 

Over the past weekend a trifecta of events transpired to produce some of the largest swells to hit the south shores of the Hawaiian islands in over a decade. A combination of factors from hurricane Darby, winds, and high tides combined to form historic swells. Wave heights reached up to 24 feet on Saturday and caused the most damage at Keauhou on Hawaii Island where they crashed over a 2-story residential complex, according to Hawaii News Now

 

This south swell hit the other islands too, disrupting some coastal roads and businesses on Oahu, Kauai and Maui. Maui experienced road closures, traffic delays and business disruptions along S. and N. Kihei roads, Honoapiilani Hwy and at several businesses near Mala Wharf along Front Street in Lahaina, according to a Maui Now news article. Thankfully, the Maui and Kihei Canoe Clubs suffered no damages to their canoes which were moved away from the shoreline by dedicated members and volunteers, though the beaches were left with coral rubble and flooded in some areas.

 

This historic swell also made for rare and desirable surf conditions at one of Maui’s legendary surf spots, Freight Trains at Ma’alaea harbor (pictured above). You can check out this amazing video footage of Freight Trains taken on Saturday, July 17th, 2022. One surfer and writer who has lived in the Hawaiian islands since the 1970s said he waited 3 decades to understand the hype about surfing Ma’alaea at its best. He wrote about it back in 2004 and his description below still rings true. You can read his article here.

 

“In surfing lore, Maalaea is touted as the world’s fastest rideable wave. The waves initially pass over the deep waters of Maalaea Bay, then gain speed as they approach shallow water; the flat coral bottom and brisk offshore tradewinds do the rest. When the winds meet the cresting waves head-on, huge plumes of sea spray ascend high into the air, often forming rainbows.”

 

In light of this weekends’ epic swells and coastal surge floods, it feels important to mention a new law SB474 that was recently passed which impacts owners and buyers of Hawaii real estate in coastal zones. This year Hawaiʻi became the first state in the U.S. to require ‘sea level rise’ disclosures in real estate transactions. Sellers must disclose whether a property lies within the sea level rise exposure area and thus if the property is at risk from sea level rise and coastal erosion. The Surfrider Foundation offers a nice overview and summary of the law and why it’s important. 

The importance of SB474

  • Ensures that buyers understand/acknowledge the risks associated with purchasing and owning property in the coastal zone;
  • Strengthens the state’s and counties’ abilities to deny emergency permits for shoreline hardening structures for private property threatened by coastal erosion (as the buyer willingly assumed the risks when they purchased the property). 
  • Offers a science-based solution to the problem of sea level rise and coastal erosion.
  • Took effect on May 1, 2022.
  • Properties affected are those that fall within the 3.2-foot sea level rise projections by 2050 (see the Sea Level Rise Exposure Area Map (SLR-XA)).
  • Supported by the Hawaiʻi Association of Realtors. Disclosure is already required in flood and tsunami zones and the real estate industry is equipped to adopt an additional disclosure statement into their transactional paperwork.
  • The Sea Level Rise Exposure Area Map (SLR-XA) is publicly available online.
  • Recent updates in the last year now make it possible to easily identify properties in the Sea Level Rise Exposure Area down to a specific TMK. 
  • Using SLR-XA is more comprehensive than “beachfront” as it takes into account the combined impacts of SLR (e.g. flooding and coastal erosion).
  • ​The State of Hawaiʻi is required by law to protect public trust lands, which include beaches and coastlines.
​If you have questions or concerns about how sea level rise may affect your sale or purchase of property on Maui, please contact our team. Meanwhile, we hope you stayed safe over the weekend.
 

Mahalo Nui Loa,

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

The Smith Team

 

P.S. As this weekend’s south swells subside, beginner and intermediate surf enthusiasts may feel inspired to get some surf instructions. We recommend you check out Soul Surfing Maui. Brian DeCook is the owner and an old friend of the Smith family who has been teaching surfing since 1992! 

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Market Watch
 
Active
Pending
Sold
Change
Homes
243 (207)
181 (86)
1247 (698)
NC
Condos
222 (105)
239 (122)
1980 (589)
+1
Land
103 (51)
 40 (12)
294 (96)
+3
Total
568 (363)
460 (220)
3521(1383)
+4
 
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

 70 Honuea Pl 
70 Honuea Place 
Kihei
$1.25M (FS)
This rare offering includes the convenience of each floor being it's own unit for ease of use, with the main floor having a spacious open concept kitchen, vaulted ceilings in the dining and living rooms, en-suite primary bedroom, as well as an very spacious guest bedroom. 
 
341 Pualoa
341 Pualoa Nani Place
Wailea
$2.2M (FS)
The two-story executive home is thoughtfully designed to maximize living spaces and has been meticulously cared for, with pride in ownership apparent. The open floor plan and spacious bedrooms seamlessly merge with covered lanais for quintessential island living. Lounge by the poolside and enjoy the serene setting with the magnificent waterfall as a background.
 
3911 Maalaea
3911 Maalaea Bay Place
Maalaea

$3.395M (FS)
The Hawaiian Green sea turtles “honu” love to hang in the waters fronting the property. The home itself offers relaxed indoor/outdoor living with the sound of the waves providing the soundtrack. The entertaining room is at the heart of this house. Complete with a bar to prepare your favorite beverages. Perfect for hosting your next event. 
 
207 Kealakai
207 Kealakai Place
Paia

$11.75M (FS)
This North Shore Maui oceanfront oasis sits next to famous Baby Beach near the Maui Country Club. Surf the break right in front of the main house and enjoy magical sunrise to sunset ocean views from walls of glass and extraordinary lanais. This exquisite property seamlessly integrates chic contemporary elements and traditional Hawaiian architecture.
 

Homes Under $1M

2153 D Holowai
2153 D Holowai Road 
Wailuku
$650K (FS)
Nestled in upper Happy Valley, the home and ohana have a 30'x35' greenhouse. Holowai Place is partial public and partially private road. Owners are in the process of securing easements to the property through a non- exclusive easement.

 
 63 Nakoa Dr 
63 Nakoa Drive
Wailuku

$885K (FS)
There are 4 bedrooms and 2 bathrooms with large open family living room, dining area and kitchen. The covered patio at the back can be flexible room, great for entertainment. There is also unfinished half bathroom. A lot of storage throughout the house. Carport can fit 2 cars tandem. The house does need TLC, ready for personal touch.
 
1590 KAUHIKOA
1590 Kauhikoa Road
Haiku

$986.8K (FS)
Bank Owned. This single-family residence has four bedrooms and sits on approximately 87,120 square feet. Put on your designer touches and make it your dream home. All potential buyers are asked to check with City, County, Zoning, Tax, and other records to determine all details on this property listed above to their satisfaction.
 
137 Mahola St
137 Mahola Street
Makawao

$997K (FS)
The house is a 4 bedroom, 2 full bath one level with attached carport. The separate cottage has 1 bedroom 1 bath. The yard has room to garden. Great convenient Makawao location, across of Eddie Tam gym. Within walking distance of post office, public transportation, and Makawao town. 
 

Vacation Condos Over $1M

 Koa Resort 
Koa Resort 2-1
Kihei

$1.225M (FS)
This gorgeous condo was beautifully and tastefully renovated in 2021-2022. There is a magnificent large, heated swimming pool and spa, very well-maintained grounds with expansive lawns, a putting green, 2 tennis courts, a barbecue pavilion, shuffleboard and ping pong. 
 
119 Ponana St
119 Ponana Street
Kihei
$2.195M (FS)
A newly completed single-family home that boasts awe-inspiring ocean. Haleakala views, a timeless open concept layout and upgraded finishes throughout. Seamlessly creating the perfect combination of bliss island living, contemporary charm, this home encompasses 1,532 sf of living space with 3 bedrooms and 2 bathrooms. 

Customer Listing Synopsis

Kaanapali Alii
Kaanapali Alii I-504
Kaanapali
$3.5M (FS)

A luxury resort and beachfront residence or vacation rental on the world famous Kaanapali Beach. Desirable inner courtyard location with breathtaking southwest views over the beach side pools and lush tropical gardens to the coastline, ocean, and outer island view. This spacious 2 bedroom 2 bath unit has an open floor plan, separate dining area, oversized covered lanai to enjoy the breeze.

Customer Listing Synopsis
 

 Montage Residences 
Montage Residences 2206
Kapalua
$3.8M (FS)
Relax amidst the Tranquil Tropical ambiance of this exquisite Grand Residence. 3 substantially large Ensuite Master and Guest Master bedrooms, 3.5 spacious and luxurious baths, plus Den/Office/Guest Room, all moments from the mesmerizing Azure seas of Kapalua Bay. 
 

Vacation Condos Under $1M

hono
Hono Kai A-4
Maalaea

$565K (FS)
One of Maalaea's rare white sand beaches is right out front, so it's a great place for all kinds of water sports or just getting some sun. Hono Kai A4 is one of the units closest to the ocean. It feels like a beach bungalow with its color palette and decor. There are ocean views from the kitchen, living room, bedroom and lanai. Views of Haleakala are picturesque especially when the sun is setting and all the colors light up the house of the sun. 
Valley Isle Resort
Valley Isle Resort 305-B
Kahana

$860K (FS)
Watch the whales and sea turtles right on your lanai, while enjoying the rhythmic sounds of waves. Bask in the Hawaiian sun and immerse yourself in the peaceful feeling of Aloha at Valley Isle Resort. This spacious 768 sq ft one bedroom furnished condominium has amazing panoramic ocean views.

Customer Listing Synopsis

Video/Virtual Tour

Kihei Parkshore
Kihei Parkshores 14
Kihei
$899.9K (FS)

Beachy chic ocean view boutique small 16 unit complex with pool and ample lawn area, assigned 1 parking. Located in the heart of Kihei across the street to all you would need. Kalama skate board park, roller rink play structure area for kiddos picnic areas, volley ball, basket ball and that's just the beginning one of the best areas to learn to surf or paddle board. 

Customer Listing Synopsis

 

Residential Condos Over $1M

Masters
Masters 501
Kaanapali
$1.025M (FS)
The private location features an expansive lawn off the lanai and around the side, and lush landscaping makes for a private retreat. A rare floor plan, this corner, end unit has no other units above or below. Vaulted ceilings create an expansive airy feel, and windows open to Maui’s tropical breezes. 
 
Hokulani Golf Villas
Hokulani Golf Villas 124
Kihei
$2.295M (FS)
This 3 bedroom 2.5 bath with developer converted den for use as a fourth bedroom comes turn-key ready and furnished. This was one of the many of the $60K in developer upgrades. The primary bedroom is conveniently located on the ground level with excellent ocean and sunset views.

Residential Condos Under $1M

  Harbor Lights
Harbor Lights B-310
Kahului
$225K (FS)
Great starter home or investment property in central Maui. Complex includes in-ground pool, BBQ area, kai pond and coin operated laundry in each building. Next to Maui College, close to the MAC and Queen Ka'ahumanu Mall. Beaches, parks, schools are all in walking distance.

Customer Listing Synopsis

 

Spinnaker
Spinnaker B-214
Lahaina
$424.9K (FS)
Great opportunity to own an upgraded unit located in B building in the Spinnaker Condominium complex in downtown Lahaina. Lifeproof flooring throughout, freshly painted with a custom tiled shower. Close proximity to all the fun things to do in Historic Lahaina Town, restaurants, cafes, art galleries, shopping and the Harbor.
Kahului Ikena
Kahului Ikena 125
Kahului
$525K (FS)
Two bedrooms, each with an en suite bathroom. Two parking stalls. Pets allowed. Unit 125 is a second floor, end unit. It is bright and welcoming. Newer range, dishwasher, water heater, and washer/dryer. Split-system AC in the living room. A chic, remodeled kitchen and remodeled primary bathroom.
Hale Kanani
Hale Kanani 4-205
Kihei
$840K (FS)
This beautiful and meticulously maintained 3 bedroom, 2 bath, furnished, pet friendly condo has a peaceful garden view and is only steps to The Cove, a fun surf spot for beginners on Maui's South Shore. Also, across the street from Charley Young Beach, boasting white sand, blue water and epic sunsets.
 
Cottages at Kulamalu
Cottages at Kulamalu 4
Pukalani
$899K (FS)
This 4 bedroom and 3 full bath abode offers both an Ocean and Haleakala View along with added privacy with its unique location in the complex. Graced with high ceilings, central air, recessed lighting, faux wood flooring, and stainless steel appliances. Solar hot water, two car garage, separate laundry room, walk-in pantry, and an outdoor entertainers area.
 

Vacant Land

0 Kula Hwy
0 Kula Highway 
Pukalani
$899K (FS)
This is a fabulous opportunity to own a 2 acre rural zoned lot across the street from King Kekaulike High School along Kula Highway before Carden Academy. Many mature trees, a super convenient location, and driveway access that only allows a turn uphill. Water meter on adjoining lot with an easement. Ocean and mountain views with a park-like setting to nestle your family home and cottage.
 
The Smith Team
www.MauiSales.com
(808) 572-0866
 
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Coldwell Banker Island Properties
#B-35 3750 Wailea Alanui Drive
Wailea, Hawaii 96753
US

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