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 960 July 27th, 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 (3)

New Properties 
Price Reduction (0)

Short Sales

Land (1)
New Properties (0)
Price Reductions (0)

Beachfront Gem


3090 South Kihei Road
$38M (FS)

Customer Listing Synopsis


Where Have All the Listings Gone?


I have been selling real estate since 1991.  I have seen the market go through several cycles, but I’ve never seen anything remotely close to what we are experiencing today.


Before COVID-19 shut down our vacation condos in March 2020, there were approximately 360 condos for sale on Maui.  That number ballooned to close to 800 before the moratorium on vacation rentals was lifted in Mid-September.

Ever since then, the number of Active Listings has steadily declined to where it sits today at only 143, 40% of which are over $1M.

The situation with homes is equally dire with only 209 actively listed for sale and 154 of those are over $1M.

As previously reported, the Median Sales Price for a home on Maui hit a high recently of $1.1M.

Low interest rates and strong demand coming from mainland transplants eager to live and work on Maui is mostly responsible for this unprecedented situation.

Will it get better?  The short answer is yes, but nobody can tell you when. Also, it is hard to say whether prices will continue to go up before eventually plateauing.  My best guess is that they will.  What do you think?  We would love to hear your thoughts.

One thing that is often helpful in predicting the future of prices on Maui is to look at the California market.  It will typically top out 6 months ahead of Maui.  From what we have seen and heard, this has not yet happened.

Have a wonderful week and let us know if you are interested in buying or selling.

Mahalo Nui Loa,

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

The Smith Team

P.S.  Click here for the latest COVID-19 Travel Restrictions to Hawaii.

Follow Us
Market Watch
209 (154)
252 (116)
1312 (560)
143 (49)
369 (139)
2093 (497)
164 (76)
 74 (25)
385 (83)
516 (279)
695 (280)
3790 (1140)
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

1491 Makawao Avenue
$1.399M (FS)
There is a large permitted structure that currently compliments the outdoor equestrian arena on property. Known and referenced as "Sam's Ranch", this property holds many memories in the hearts of the Paniolos who once swung a rope, loped out a horse or simply came for a good 'ole paniolo time under the large shaded trees with Unko Sam.
15 Nunu Pl
15 Nunu Place
$1.889M (FS)
A 2 story, 4 bedroom 3 ½ bath home with open concept that maximizes ocean and sunset views, enjoy indoor/outdoor. Living with large covered decks on the upper level, and a large covered lanai on the lower level. Total of 3,289 sf of living space, 1,468 sf of covered decks, 93 sf covered porch, and a 547 sf garage total of 5,397 sf under roof.
577 Anapuni Loop
577 Anapuni Loop
$3.125M (FS)
This 4 bedroom resort style home sits on a quiet street, and its position affords idyllic ocean and outer-island views. Walking into the home through the double-door entry, you enter the Great Room, combining living room and dining alcove, and gorgeous kitchen.
front 2
1033 Front Street
$9.975M (FS)
This sophisticated oceanfront property enjoys the tranquillity of the ocean at your doorstep wile embracing all of the qualities of the ultimate Maui lifestyle. Enjoy the seamless combination of indoor/outdoor living in this Frank Lloyd Wright inspired design with large pocket doors and high ceilings.
3016 South Kihei Road
$11M (FS)
This property is being sold with approved permits and ready to build. The original structure will become a beautiful outdoor kitchen, BBQ, living area along with 1 bedroom 1 bath. The new gorgeous main residence includes an elevator, four bedroom suites.

Homes Under $1M

47990 Hana Hwy
47990 Hana Highway
$695K (FS)
The charming 3 bedroom 2 bath East Maui home is perched above the ocean, nestled within the treetops of a small tropical jungle, a 10 minute drive from Hana town. This light, bright and airy home boasts vaulted ceilings in the great room lined with large windows.  
230 Keala Place
$999K (FS)
Stunning and sophisticated home that boasts ocean views, a beautiful remodeled kitchen and unrivaled proximity to all that South Maui has to offer. Upon entering, make your way up the stairs where you are invited by high-vaulted ceilings and an expansive, light-filled living room that seamlessly flows into the kitchen.

Vacation Condos Over $1M

Kapalua Bay Villas
       Kapalua Bay Villas 29B-4
$1.2M (FS)
This property has it all ocean views, renovated interiors and sold fully furnished. Kapalua Bay Villas is an oceanfront condominium community of 141 apartments in twenty-seven 1-story and 2-story buildings. The community is spread across 16.451 acres and offers pools & tennis court.
Honua Kai- Hoku Lani 529
Offering fantastic sunset views from its 5th-floor inner-courtyard location, it doesn't get any better than this. This 1,600 sq ft condo comes fully furnished and turn key. Owner just replaced the living room furniture and fixtures. 
Honua Kai - Hoku Lani
Honua Kai- Hoku Lani 201
Offering 3 bedroom and 3 bathroom, this meticulously maintained property is one of the best performing transient vacation rental producers in the community. With the most unobstructed ocean views within the community, endless sunset and sunrise views await you from this legacy property.

Vacation Condos Under $1M

Kihei Akahi
Kihei Akahi D-210

$569K (FS)
Beautiful and highly sought after one bedroom unit in the D building at Kihei Akahi in South Maui with gorgeous and direct ocean views Fully remodeled in recent years complete with new solid pane windows in bedroom, Cal King Bed.
     Kihei Garden Estates     
Kihei Garden Estates B-104
$599K (FS)
This 2 BR 1 BA unit is in B Building, a first-floor end unit in a prime location within the complex, with an unobstructed view from the updated extended & tiled Lanai of the open garden setting, away from the noise & congestion of the walled pool & pavilion, the parking lot and W. Lipoa Street.

Residential Condos Over $1M

Masters 1902
Masters 1902 is a 2nd floor unit that has been highly renovated and offers 2-bedrooms, 2-bathrooms and a bonus loft. It is spaciously laid across 1,544 square feet of living area. Information may not correspond to public records.
Hokulani Golf Villas
Hokulani Golf Villas 135
This amazing four bedroom three bath Hokulani Golf Villas home is the ideal combination of home meets condo. All the conveniences of a freestanding home, oversized two car garage, gorgeous finishes, large rooms, big lanais for entertaining. Gorgeous ocean view and right by the private park.  

Residential Condos Under $1M

Iao Parkside
Iao Parkside 18-203

$399K (FS)
This unit faces Eha Street and has the most amazing view of the West Maui Mountains from the lanai. The spacious floor plan boasts 830 sqft and allows for a nice breeze through the living room. This unit features two dedicated parking spots nearby.
Iao Parkside 18-203
Iao Parkside 11-204

$425K (FS)
Spacious unit, located in downtown Wailuku, minutes away from shopping centers, and business offices. This has 2 bedroom, 2 bathroom, also have spacious floor plan of 830 sqft.
Southpointe at Waiakoa 2
Southpointe at Waiakoa 15-101
$468K (FS)
This ground floor corner unit just went through a complete renovation during July 2021. New paint, vinyl flooring, kitchen cabinets, new Samsung stainless steel appliances, bathroom vanities and more. Outdoor storage, large garden and yard space is ready for your personal touch.
Paradise Ridge Estates
Paradise Ridge Estates 402

$979.5K (FS)
Golden beaches and crystal blue waters await as you gaze upon majestic whales from your luxurious new residence in South Maui. Nestled atop a bluff on South Maui, delight in your grandiose Ocean / Mountain Views. Your Privately Gated Estate is graced with spacious and contemporary multi-family residences just moments to Kamaole III Beach. 

Vacant Land
350 Hoolawa Rd 2
350 Hoolawa Road
$400K (FS)
Perfectly situated between the Mountain and the Sea, this rare 0.77 acre lot offers the ultimate Maui Off Grid lifestyle. The manageable size allows for the building of a Main House and Ohana while not requiring much maintenance. On the Ocean side of Hana Highway, a Paved road leads to this unique lot.
325 Mahana Ridge Lot 22
$1.2M (FS)
Welcome to Mahana Estates, Kapalua's new luxury development of 51 estate lots perfectly situated between the grand West Maui mountains, Kapalua's Plantation Course, which is home of the PGA Tour, and the famous Flemings Beach. This lot is on 1.66 acres of spacious property with panoramic views of Molokai year-round.
275 Kealakapu Rd Lot
275 Kealakapu Road Lot 2
$1.780M (FS)
This is what island living in upcountry Maui is all about. Slightly off the beaten path and still within close proximity to shopping, the airport, Maui Wine and other eateries including the popular Grandmas Coffee House, sits, tucked away below Sun Yat Sen Park, 22.3 acres of pristine, gently sloping vacant land that borders beautiful ranch lands.
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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