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 940     March 9th, 2021


In this newsletter:

Exceptional Oceanfront
In Spreckelsville


477 Laulea Pl

$11,995,000 (FS)

Customer Listing Synopsis

Video/Virtual Tour

Market Update

We have written many times on how the COVID-19 pandemic has touched almost every industry on Maui negatively. With that being said, however, there is no doubt that over time all of those industries will recover and even grow significantly in a post-pandemic Hawaii as tourism begins to flourish once again. One industry that held steady during the worst months of the Hawaii lockdown was real estate, and as the state began to slowly open up again for travel from the mainland the industry started to boom. Even by pre-pandemic standards, the real estate market on Maui is wildly active and extremely competitive at the moment, with many properties, especially single family homes, receiving offers within a couple of days of being listed.

Many prominent figures in the Maui real estate industry predicted that the market would experience a ‘V-shaped’ recovery, and so far those predictions have turned out to be true. As of March 6th. there were 828 pending sales across all property types (condo, single family, and vacant land) in all areas of the island. For some perspective, in February of last year there were 634 pending sales, which was considered unusual even then.

We continue to look forward to the future of the real estate market on Maui, and celebrate the continued economic growth throughout Hawaii. To read more about the real estate industry boom you can check out the full article here.

Mahalo Nui Loa,

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

The Smith Team

P.S. Anuhea at Kehalani is a beautiful new development being built in Wailuku. Towne Island Homes, the builder on the project is about to announce Phase 3, which will feature 5 single family floor plans from 1,529 - 1,998 sf. All floor plans will be 3 bed, 2 bath with a 2 car garage. To check out renderings of the floor plans, click here.

Phase 3 will be sold entirely by lottery, so please see the details below:

◻  Price information, lottery application and instructions will be available on the website on Monday, March 15.
◻  Lottery application Deadline: Saturday, March 20
◻  Phase 3 Lottery day is Monday, March 22 and will be a closed event.
◻  If you have not done so already, we encourage you to get pre-qualified with one of the project pre-qualification lenders prior to March 15!
◻  Call Sales Office with any questions.

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200 (155)
281 (120)
1092 (371)
462 (124)
421 (101)
1381 (294)
203 (79)
 106 (33)
251 (41)
865 (358)
808 (254)
2724 (706)
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.

January 2021
February 2021

Homes Over $1M

3175 Ua Noe Pl
$1,125,000 (FS)
Want to live near the beach, schools and one of the best breakfast places on Maui? This spacious 2,600 sf. split-level 4 bed, 3 bath home features bamboo floors, granite countertops, large lanais, a small workshop off of the garage and custom accents.
390621-3 2
3149 Waakea Pl
$1,535,000 (FS)
Located just a short stroll from the gorgeous white sandy Keawakapu Beach, this thoughtfully designed, single level home is a private retreat for anyone seeking tranquility. The recently updated kitchen provides an excellent backdrop for entertaining guests. The home is ideally positioned at the end of a cul-de-sac within sought after Wailea Kai neighborhood. 
1190 Aina Mahiai St
$4,399,000 (FS)
Enjoy Maui living in this newly built Ka'anapali Coffee Farm home! Enjoy panoramic views of Lanai and Molokai that make every window a work of art. Minutes away from the world famous Ka'anapali Beaches. Take a golf cart ride to five-star shopping and dining at Whalers Village. This is a quiet, premier upper lot with 4 acres of gourmet, award-winning coffee surrounding a 3350 sf. main house and 998 sf. cottage.

Homes Under $1M

2114 Milo St

$559,900 (FS)
Bank Owned - This 4 bed, 1.5 bath home is very conveniently located in Wailuku close to shopping, parks and schools. Interior condition is unknown. This property is now active in an online auction.
25 Leioni Pl
$725K (FS)
A must-see, well maintained, 3 bed, 1 bath property right in Kahului. Plus a bonus, the Fire Station is less than 5 minutes away (insurance break). There are also 2 permitted driveways, 1 from the front of lot, and a 2nd in the back of lot. There is a large garage with 2 Matson style containers that can park an RV, 30 ft. boat, or vehicle.
230 W Papa St
$825K (FS)
Must see house and cottage located in central Maui! This property is great for investors or multi-families. County records may not match the actual floor plan. The main house is a 3 bed, 1 bath. The attached ohana is 2 bed, 1 bath and the detached cottage located behind the main house is a 2 bed, 1 bath with a separate driveway and parking. 
5122 Lower Honoapiilani Rd
$899K (FS)
This amazing Napili home and cottage has never before been offered for sale. This is a longtime family home and cottage that has just become available in a great Napili location. Enjoy almost 13,000 sf. of land with some ocean views and a big potential for more ocean views. The home has had some electrical and plumbing upgrades but is definitely a fixer upper. 

Vacation Condos Over $1M

Wailea Ekahi I #24B

Located a short 5-minute walk to Keawakapu Beach, you will enjoy this spacious 1 bed, 2 bath, ground floor unit that was completely remodeled in 2020. With no expense spared, the modern interior has brand-new floors, paint throughout, added lights, a new A/C unit, and much more. The brand new full-size gourmet kitchen features quartz countertops and new stainless steel appliances.
Puamana #254-4

Puamana at its best! Enjoy a front row location with expansive ocean views from both of the unit's lanais. This well thought out 4 bed, 3 full bath condo has views from each of the bedrooms. The downstairs boasts a chef's kitchen, a living space that graciously opens to a spacious lanai for indoor/outdoor living, and 1 bedroom with an ADA accessible full bath.
Wailea Beach Villas #510

A majestic ocean view location at Maui's award-winning beachfront vacation destination! Rarely do top-tier units like this come to market. This beautiful 2 bed, 2 bath floor plan with a den is minutes from the sand, and presents panoramic views of Wailea Beach, Molokini, Kaho'olawe, Lanai, West Maui and Haleakala. 


Vacation Condos Under $1M

Kamaole Nalu #402

$685K (FS)
This is a rare opportunity to own an outstanding, upper level, ocean view, 2 bed, 2 bath oceanfront unit at Kamaole Nalu located in South Kihei. This open floor plan has an updated kitchen with granite counter tops and newer cabinets, laminate flooring throughout, and an amazing tiled bathroom.
Grand Champions #181

$710K (FS)
A fabulous ground floor location in Grand Champions. This spacious remodeled unit has granite counter tops, stainless appliances, beautifully upgraded tiled baths and split AC in the living room/bedroom. Enjoy a great location close to the quiet lower pool with easy access and no stairs. This well maintained condo comes fully furnished.
Maalaea Kai #412
$725K (FS)
Enjoy unobstructed oceanfront views for sunsets, whale and turtle watching, and boats coming in and out of the harbor. This is a top floor, 2 bed, 2 bath center unit with a loft. Being sold fully furnished and currently being used as a long term rental. 


Residential Condos Over $1M

Na Hale O Makena #F201
Perfectly situated just above the single story manager/concierge building, and facing due west, this 2nd story, 3 bed, 2.5 bath unit offers some ocean views along with the daily spectacle of sunset and the tranquility of this Makena location. Live the Makena lifestyle, walk to the beach, golf, close to shopping and gourmet dining.

Residential Condos Under $1M

Puuone Terrace #305

$229K (FS)
Enjoy the cool trade winds from this well-kept, third floor, 1 bed, 1 bath unit. The central location makes living convenient. On-site laundry facilities provided. This unit comes with one assigned parking stall.
Puuone Hale Alii #205

$242,900 (FS)
Bank Owned - Welcome to the convenience of Central Maui living. This 1 bed, 1 bath unit is full of potential and is craving a makeover. This is a great opportunity for a buyer to put their personal stamp on a remodel and really make this a home. The unit is presently in need of major work. It is being sold As-Is.
Vacant Land
300 Kalehua St
$3M (FS)
A rare opportunity to own a piece of Old Hawaii. Kalehua O Makena, which consists of a low density 8 lot private enclave is steeped in ancient Hawaiian history. Makena, once home to one of the largest Hawaiian settlements still provides remnants of days gone by with ancient lava rock walls that border the property.
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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