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 1036 January 10th, 2023


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 (1)
Condos (1)
New Properties 
Price Reductions  

Short Sales

New Properties

Price Reductions 

Luxurious Hawaiian
   892 S Kihei   

892 South Kihei Road
$7.425M (FS)

2022 Year-End Maui Statistics


While national and local real estate markets shifted greatly under the weight of recession measures and rising interest rates, causing the number of transactions and overall volume to drop across all categories, the median values for residential single-family homes and condos increased and continued to break records this past year. 


2022 was not as strong of a year as 2021 for land transactions. Total number of sales was down 39%, volume of sales was down 28% and median sale value was also down 15%. Haiku and Kapalua performed higher than other areas of Maui in top dollar volume.


The highest recorded residential sale was for the property at 38 Ualei Place which sold for $28,500,000. The highest recorded condominium sale was at Wailea Beach Villas, D101 for $12,000,000.


For a deep dive into all the numbers, check out this market report put together by our friends at Fidelity National Title & Escrow. Feel free to reach out toThe Smith Team about any market questions or concerns you may have. We’re here to help!

Mahalo Nui Loa,

Ken Smith R(S), Melissa Smith R(B), Gregory Smith R(B) and 
Rachel Smith Kofron R(S)

The Smith Team

P.S. There’s a new classification for real property taxes in the category of long-term rentals. Learn more about these new tax rates here.
Follow Us
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Market Watch
268 (230)
107 (62)
1011 (603)
208 (105)
187 (107)
1494 (495)
136 (72)
 31 (12)
242 (68)
612 (407)
325 (181)
2747 (1166)
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

 19 Haipule II 2 
19 Haipule Place
$1.385M (FS)
This neighborhood is a favorite and always in high demand. The spacious “Symphony D-Major” floor plan with extended master and family room will not disappoint. The ground level has dual living rooms, kitchen, dining area, a full bath, laundry closet and a bonus 5th bedroom, perfect for home-office or guests.
88 Aulii
88 Aulii Drive

$1.995M (FS)
This home boasts ocean and mountain views. Enjoy the perfect weather of Upcountry with the ease of proximity to schools, restaurants, and amenities. With a brand-new roof in 2022, this single level, three oversized bedroom home features a spacious living room, den/office, dining room, study (which could function as a 5th bedroom) with large closets, and a covered lanai.
390 Punakea Loop

$4.2M (FS)
Every so often a property comes on the market that truly fulfills the proverbial promise of "Once in a Lifetime." Such is the case with 390 Punakea Loop. Originally owned by the right hand man of the Launiupoko Developer and as such was granted the opportunity to acquire one of the biggest pieces of land with the best view in the entire neighborhood.
4871 LOWER
4871 Lower Honoapiilani Road

$8.5M (FS)
This 5,658 square foot residence on a 14,959 square foot lot was completely remodeled in 2001. Features 6 bedrooms, 7 baths, including an upper and lower master suite and private caretakers' quarter. An elevator accesses a fabulous media/game room located adjacent to the upper master suite. 

Homes Under $1M

 79 Kupalaiki79 Kupalaiki Loop
$749K (FS)
A spacious single-story home with a beautiful view of a private park and gate access directly to the park. This roomy family home has tons of parking in the concrete driveway in front of the house, and multiple rental possibilities. At this price, there's lots of room to build equity.
819 Kelawea Street
$900K (FS)
The home has 3 bedrooms and 1 bath plus a 1/2 bath (unpermitted) within the carport. The porch was enclosed for an additional 2 bedrooms and 1 bath (unpermitted).
747 Pala Cir
747 Pala Circle
$995K (FS)
This 3 bedroom 2 bath masonry home with detached 2 bedroom 1 bath Ohana awaits its new owners. This larger lot of 11,633 sf. has lots of parking and room to add an accessory dwelling with no HOA to worry about. Both home and ohana have been stucco finished to preserve its appearance, and have updated windows for a modern look.

Vacation Condos Over $1M

Koa Kai
Koa Kai 15
$1.095M (FS)
Rare opportunity to acquire a 3 bedroom, 2 bath condo currently being used as a short term rental. Located a few blocks above Charlie Young Beach and Kihei Cove Beach Park. Completely updated in 2020/2021. Top floor corner unit situated with two bedrooms and two baths on main level with a lofted upstairs third bedroom. 

Customer Listing Synopsis

Video/Virtual Tour

Wailea Ekahi
Wailea Ehaki 17-F

$1.595M (FS)
Enjoy spectacular expansive ocean views from the living area, the kitchen, the dining area, and the main lanai of this beautiful, wonderfully. 1 bedroom 1 bath unit. There is a remarkable feeling of openness and space thanks to the breadth of the ocean views, the elevation of the unit, and the vaulted ceilings.  
 Kapalua Golf Villas 
Kapalua Golf Villas 15P-5&6

$1.7M (FS)
Golf course views from this 2 bedroom, 2 bathroom unit with 1,344 SF. Easily accessible unit, located on the ground level and very private. Fully equipped kitchen, spacious living room, large lanai and lots of storage. Kapalua Resort stretches from emerald mountain peaks to the edge of the glistening Pacific Ocean.
Kaanapali Royal
Kaanapali Royal H-301
$2M (FS)
As you enter, you will be greeted with luxury vinyl planks then pass by the guest bedroom with a beautiful accent wall and newly designed bath suite. You’ll then enter upon the open concept dining where you’ll find a custom buffet, a wine frig, custom light fixtures and enjoy the extensive redesign kitchen with T & G ceiling detail.
Wailea Point
Wailea Point 2502

$6.9M (FS)
This spacious 3 bedroom, 4 bathroom residence features vaulted ceilings, wonderful natural light and airflow and new wall to wall windows that highlight the spectacular ocean views and sunsets. For year round outdoor living and winter whale watching, there is an expansive lanai off the living room and kitchen.

Vacation Condos Under $1M

Napili Ridge J-4

$395K (LH)
Smartly appointed ground floor garden view 1 bedroom 1 bath condo perfect for the Investment Buyer or first time purchaser. Napili Ridge is one of the best hidden gems on West Maui sitting on 3.6 acres of land consisting of 132 units (a combination of studios and one-bedrooms). The Buildings are concrete block construction and are ideal for lower maintenance costs. 
Kihei Kai
Kihei Kai 23

$695K (FS)
Enjoy ocean views, whale watching and beautiful sunsets from your private lanai. When you are ready for fun in the sun. It's just steps away from all the best ocean activities on Sugar Beach. Recently remodeled in 2016 and 2022, the upgrades include new ultra quiet split AC in the living room, granite tile countertops in the kitchen.
Kamaole Sands
Kamaole Sands 9-207
$940K (FS)
This charming condominium sleeps 4 and is zoned by Maui County for short-term vacation rentals. Located in the second closest building to the beach, has the highly desireable larger lanai with an ocean view, wide plank bamboo flooring, an elegant owner’s suite with a white poster king-sized bed, classic white, all with a splash of nautical charm from the distinct touches of a professional decorator.

Residential Condos Over $1M

8 Coconut Pl
8 Coconut Place
$1.85M (FS)
This home was built in 2018 and has been lovely cared for. This reverse floor plan (living, dining, kitchen, primary bedroom and office upstairs) includes vaulted ceilings upstairs and 9 foot ceilings downstairs. There is Koa laminate flooring throughout as well as tiled floors in the entry, kitchen, baths, and laundry room. 
Kai Malu
Kai Malu 61-B
$2.7M (FS)
Prime location with its sweeping ocean and Haleakala views and elevated location. 3 bed and 2.5 bath, 2 car garage. A two-level fully furnished town home featuring upgrades fit for the most discerning buyer. You really must see this home to fully appreciate its many meticulously thought-out features, as well as its breathtaking views from almost every window. 

Residential Condos Under $1M

  Puuone Gardens
Puuone Gardens 13

$379K (FS)
New fully renovated rare 2 bedroom, 1 bathroom condo in Puuone Gardens. Brand new vinyl plank flooring, cabinets, range w/oven, refrigerator (on the way), tiling in bathroom, mirror and sinks. Amazing ocean view and Haleakala mountain view. 1 assigned parking in the carport with extra storage behind the stall.

Customer Listing Synopsis

Kamoa Views
Kamoa Views 204
$560K (FS)
Take one Step into this gorgeous condo and be transformed by a beautiful garden view, Open floor plan that takes on light inviting colors and makes you feel like You're Home.This condo unit is our little piece of Paradise and is the best of everything. It's located on the cool side of the building. Having coffee on the lanai in the morning with the sweet smells of the surrounding flora is the best.
Haleakala Gardens
Haleakala Gardens 6D
$649.5K (FS)
Rarely available 3 bedroom 2 bath ground floor unit in Kihei. Close to shopping, beaches, school and golf. Two parking stalls (not tandem) with visitors parking conveniently near.
Villas at Kahana Ridge
Villas at Kahana Ridge 727
$720K (FS)
This unit comes completely furnished, move-in ready. Providing enough barefoot comfort. The Lanai where the magic happens has a bamboo dining set with two comfy chairs and a variety of plants sitting atop a new sand-dollar motif carpet. Rest, relax and enjoy a sip of wine, on your comfortable lanai.
Cottages at Kulamalu
Cottage at Kulamalu 38
$899K (FS)
Kuinehe Place is a spacious 3 bedroom, 2.5 bath stand alone townhome located in the highly sought after Cottages at Kulamalu community. This charming, well maintained home features a private front yard and private backyard with tropical and low maintenance landscaping. The primary suite has gorgeous Haleakala mountain views which are just stunning. 

Vacant Land

3980 Hana Highway

$350K (FS)
Ocean, Mountain and Valley views from this vacant land parcel. Design and build your own home free from CC&Rs and Special Use Management requirements. Be Green. Create a lush environment with edible landscaping, photovoltaic energy and rain catchment systems.


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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