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Aloha ,
Market Update
The Realtor Association of Maui recently released the July 2015 year to date statistics. Residential sales increased 12% though the average sales price remained constant at $950,724.
Year to date condo sales and vacant land sales declined. Condos saw a 4% decrease in sales accompanied by a 2% increase in price, with an average sales price of $650,189. Vacant land sales decreased by 13% and the average sales price increased 8% to $707,948.
Based on July's market activity the current absorption rate is, 5 months for residential, 9.9 months for condos and 27.8 months for land. Absorption rate is determined by July sales divided by July active and pending properties.
Have a wonderful week,
Lindsey for The Smith Team
Ken, Melissa and Lindsey
P.S. - Maui may get it's first 2 solar farms! MECO signed purchase agreements with Maui developers planning to build one solar farm in Kihei and one in Lahaina, each a 2.87 megawatt project.
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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520 (271)
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228 (30)
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1029 (184)
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+5 |
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Condos
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782 (177)
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204 (19)
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1173 (161)
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-5
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Land
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339 (130)
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30 (7)
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152 (20)
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-2 |
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Total
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1641 (578)
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462 (56)
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2354 (365)
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-2 |
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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
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233 Wailau Place
Lahaina
$1.2M (FS) |
Clean modern design cottage in Launiupoko featuring vaulted ceilings throughout and wonderful natural light from the high windows. Master bedroom has double built-in closets and extra storage space above.
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 101 Pulelehua Street
Kapalua
$3.19M (FS) |
This magnificent Pineapple Hill Estates custom single level residence is 4,238 sq. ft. of opulent luxury. Situated on an ocean view lot of nearly one half acre, this home is the epitome of indoor-outdoor living. There are 10 ft. high custom pocket walls separating the great room from the large covered lanai.
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5415 Makena Road
Makena
$8.3M (FS) |
Experience the majestic surroundings of one of Maui’s finest treasures, Maluaka Beach. Share in a lifestyle of the finest features and amenities that these luxurious, spacious residences provide. This is an opportunity yet unseen in Makena. Four exclusive homes in a gated community located on one of the finest beaches in the world.
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Homes Under $1M
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802 Mahealani Place
Kihei
$459.9K (FS)
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Spacious 3 bedroom, 2.5 bath home in Piilani Village I features cathedral ceilings in the living room and second floor, and a screened porch overlooking a large fully fenced back yard. Front yard has mature landscaping. Property is in need of repair, but it has much potential.
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244 Hoalike Street
Kihei
$479K (FS) |
Great house conveniently located in North Kihei. Light, bright, and airy single-level floor plan. The recently renovated home has a split A/C system in the living room. There's a nice rock wall in front of home, ponds in the back and side, as well as an outdoor shower off the master bedroom.
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1262 Kilou Loop
Wailuku
$550K (FS) |
Short Sale - Ocean View Estates, how fitting a name for a subdivision that offers homes with outstanding mountain/ocean views. Delightful 4 bedroom 3 bath home on one of the larger lots within this great neighborhood.
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34 Poniu Circle
Wailuku
$565K (FS) |
This 4 bedroom 3 bath home was remodeled in April 2015 and is being sold with custom designer furnishings. New cabinets and granite counters in Kitchen. Glass top stove with hood vented to the outside. Separate shelf for Microwave. Bathrooms have new vanities with granite counters. Brand new African Mahogany Pergo Flooring in upstairs with ceramic tile downstairs.
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Vacation Condos Over $1M
Honua Kai - Konea #342
Kaanapali
$1.275M (FS) |
Konea 342 is a spacious 1,230 sq. ft. two bedroom, two bath home on the quiet North Side of the complex, with a large greenbelt park area between it and the condo building next door. Unlike many other locations within Honua Kai, you look to the park, and not across the courtyard to your neighbor's lanai. You are close to the elevator - and can be on the beach very quickly.
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Wailea Beach Villas #PH206
Wailea
$2.199M (FS) |
The very best ocean view value in all of Wailea Beach Villas. A terrific opportunity to own this large spacious 2 bedroom 2 bath with den condominium in Wailea's finest oceanfront complex.
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Hoolei #P4(31-4)
Wailea
$2.75M (FS) |
The ocean view from villa 31-4 dominates the living area, kitchen and large lanai in this desirable Plumeria style villa. Enjoy the pristine condition of a villa that was used exclusively as a second home. The Ho’olei community represents a unique fusion of tropical beauty and island lifestyle unparalleled in South Maui.
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Vacation Condos Under $1M
Aina Nalu #G204
Lahaina
$420K (FS) |
Immaculately maintained, fully furnished second floor unit; quiet, close to pool and amenities. Conveniently located in historic downtown Lahaina, a short stroll to Front Street sunsets, shopping and restaurants.
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Valley Isle Resort #403
Napili
$589K (FS) |
This unit has it all! Beachfront, 2 bedroom, remodeled, ocean view, plus vacation rental income. 1,040 sq. ft. of unmatched quality and craftsmanship with inlaid bamboo, granite, mosaic tile, beautiful molding and doors, custom wood valance, built-in entertainment system and high end lavish furnishings.
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Hale Kamaole #203
Kihei
$649K (FS) |
Beautiful and spacious 2 bedroom 2 bath unit with ocean views at Hale Kamaole. Both bedrooms have ocean views. Open updated kitchen and great room with high ceilings. Nice tropical furnishings included. The private lanai faces the interior of the complex with views of Molokini and spectacular sunsets.
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Residential Condos
Puuone Towers and Plaza #402
Wailuku
$185K (FS) |
This wall to wall, top to bottom remodel features a brand new kitchen with a new layout, new top of the line appliances, cabinets and Corian counter tops. The bathrooms are also remodeled with new sinks, toilets and fixtures. All the flooring has been replaced.
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Napili Villas #18-3
Napili
$329.9K (FS) |
Bank Owned - Situated on the 1st floor, this unit offers an outdoor living opportunity that is an added bonus to any condo unit. Located in the West Maui district, the Napili area offers warm climates with cool trade and great sandy beaches to enjoy.
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Wailea Fairway Villas #U201
Wailea
$495K (FS) |
Fully furnished 2 bedroom, 2 bath unit in the beautiful Wailea resort community. Amenties include a pool and fitness center. This complex is located right on the golf course.
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Cottages at Kulamalu #32
Pukalani
$524.5K (FS) |
Fabulous Cottages at Kulamalu home with 2 car-garage and 2.5 baths. Enjoy the well-designed living and kitchen area which opens out onto a wonderful patio and yard. You'll appreciate the bedrooms being upstairs all together.
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Ke Alii Ocean Villas #E-204
Kihei
$769K (FS) |
One of South Maui's most desirable complexes. Ke Alii Ocean Villas is very low density, and perfectly located within walking distance to fabulous Kamaole I, and Kamaole II beach parks. This unit has a nice ocean view, and a quiet location. Lowest priced unit in complex. Each unit comes with a 1 car garage.
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Vacant Land
Lot 13 Kaanapali Coffee Farms
Kaanapali
$749K (FS) |
This is a 4.689 acre lot with ocean views. Kaanapali Coffee Farms is an exclusive gated agricultural community. Located 300-500 feet above west Maui's world famous Kaanapali Resort. Each lot offers panoramic sunset, island and ocean views second to none found on Maui.
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C-1 Alae Road
Kula
$888K (FS) |
Private and close to Poli Poli Park in Kula. Lot 1 C-1 is approximately 7.675 acres pending Final Subidivision Approval. Heavenly Kula is a hidden treasure. It has the best climate, not too windy, not too rainy, and it is very comfortable.
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