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 1024 October 18th, 2022


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 (4)
Condos (2)
New Properties 
Price Reductions  

Short Sales

New Properties

Price Reductions 

Hawea Point
 Luxurious Oceanfront
   9 Bay Dr   

9 Bay Drive
$41.9M (FS)

Status of Condo Market        

Next week we will send you the 3rd Quarter Stats for the Maui real estate market.


In the meantime, here is a quick update on the state of the Condo market. Currently, the inventory has dropped back down to only 149 Active Listings. With 217 Pending sales and 1723 closed sales in the last 12 months, it is no wonder why prices are still so strong.


The other reason why condos, in particular, are either holding their price levels or, in some cases, rising, we only have to look at the very strong rental market for both short and long term rentals.


Tomorrow, we will be listing Kihei Resort #116, a beautifully remodeled 1 bedroom 1 bath vacation condo for $650K. If you might be interested in buying this one, let us know right away as we suspect it will sell quickly.


Have a great week.


Mahalo Nui Loa,

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

The Smith Team

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Market Watch
244 (205)
136 (79)
1135 (654)
150 (67)
216 (125)
1723 (534)
128 (60)
 35 (10)
243 (83)
522 (332)
387 (214)
3101 (1271)
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

495 Kaiwahine St
495 Kaiwahine Street

$1.4M (FS)
This remarkable two-story residence may be the one. Set on a shaded corner lot, it offers a partially furnished 3 bedrooms and 2 baths in the expansive main house, along with 1 bedroom and 1 bath in the attached ohana. Enjoy spectacular sunsets from several decks and the lanai.
1373 Komohana
1373 Komohana Place
$1.599M (FS)
The home has been appointed into 3 separate living areas. Excellent rental income potential. Large family home in the heart of Lahaina. A 5 min walk to Front Street and across the street from beautiful beaches, shopping, and world class restaurants. On a private cul-de-sac with ample parking.
9 Fern Pl
9 Fern Place
$1.64M (FS)
Experience spectacular ocean and Molokai views from the spacious upstairs lanai, as well as the living room, dining area and kitchen. This reverse floor plan home offers two bedrooms and two baths upstairs with two additional bedrooms, one bath and family room downstairs. 
21 Kaulua
21 Kaulua Place
$8.75M (FS)
This property serves as a staging ground for a healthy lifestyle. As you pull through the private gate, a courtyard with water and fire features greets you. The crafted wood entry door welcomes you to the intelligently designed home. The living room seamlessly ties into the pool deck, as the fleetwood pocket doors retract, providing a great place for indoor/outdoor entertaining. 

Homes Under $1M

2868 Ipolani 2
2868 Ipolani Street
$806K (FS)
Bank Owned. A great opportunity to own in Pukalani.  Close to shopping, schools, parks and shopping. Enjoy the cool air of Upcountry, Maui. Call your favorite Realtor to schedule a showing.
4885 Hana Hwy
4885 Hana Highway
$899K (FS)
This beautiful two-story, 2 bed 1 bath upstairs and 1 bed 1 bath downstairs mother-in-lawsuite. The property has two covered lanais and a gorgeous, fully-fenced .25 acre yard with a gazebo and plenty of room for gardening. With incredible ocean and mountain views, this home is centrally located near Hana's schools and amenities. 
1851 Makahala
1851 Makahala Place
$965K (FS)
Brand new construction of single level 3 & 4 bedroom homes. Designed with a thoughtful open concept and spacious room sizes, these homes are the opportunity you've been looking for. The 4 bedroom floorplan has an oversized 528sf 2 car garage. Construction is scheduled to be completed in early 2023.

Vacation Condos Over $1M

Menehune Shores
Menehune Shores 106

$1.299M (FS)
Beautifully furnished 2 bedroom 2 bath unit with an ocean view. It has a fully equipped kitchen, in-unit washer and dryer, and ceiling fans. Menehune Shores is uniquely situated next to the historically important 16th century Fish Pond of Kalepolepo. Protected by offshore reefs, the Pond provides safe swimming for children and those wishing to avoid heavy surf.

Customer Listing Synopsis

Menehune Shores.jpg 2
Menehune Shores 603
$1.65M (FS)
This gorgeous north-facing unit was remodeled in 2020. Not a detail was missed including porcelain tile throughout, new electrical and framing, designer grade cabinets and appliances, 3-way Mitsubishi split system AC, Fleetwood sliding doors and windows and custom glass in both bathrooms. 
Wailea Point
Wailea Point 904
$5.75M (FS)
One of only 8 units with this amazing view from the upstairs, it is uniquely situated within the complex. The master bedroom and guest bedroom are on the main living area with a huge open loft, bathroom, and balcony up above. This unit also includes a 1 car garage which makes it the ultimate lock-and-leave or full time home.
Wailea Point 102
$18M (FS)
The unique, all glass doors surrounding both makai lanais are equally stunning open them fully to be part of the heavenly outdoors. Wailea Point is the finest residential condominium in Hawaii. It features exceptional quality construction,a very low density garden environment.

Vacation Condos Under $1M

Kihei Bay Vista 2
Kihei Bay Vista B-104

$650K (FS)
This cozy and well-equipped 1 bedroom, 1 bath unit is located in the "B" building at Kihei Bay Vista. This condo has three steps to the first floor. It is a perfect Maui getaway with tile floors, sunny windows, and a large private lanai that greets you when you enter this homey space.
 Kahana Reef 
Kahana Reef 221

$850K (FS)
This beautifully updated 1 bedroom 1 bath condominium has a tiled, walk-in shower, granite counter, open design kitchen and beautiful furnishings. This unit is in an active rental program and is being sold “turn key”. Improvements to the building include new plumbing, new elevators, and a new Seawall. Close to shopping, beaches, restaurants and Historic Lahaina Town.
Mahana 1212

$895K (FS)
Penthouse studio with spectacular panoramic ocean views, year round sunsets, and views of the neighbor islands. Picture perfect spot to watch Maui's humpback whales in winter, and turtles and dolphins playing in the surf below. Rated a "Premium" in the on-site rental management program, this unit is tastefully furnished.

Customer Listing Synopsis

Video/Virtual Tour

Residential Condos Over $1M

Kai Ani Village
Kai Ani Village 3-103
$1.499M (FS)
This preferred Kala floor plan residence offers the large multi-purpose great room with an open style kitchen, ideal for entertaining, on the main floor with second half bathroom and a lanai retreat where you can peacefully enjoy your morning tea or coffee facing Haleakala views. The master bedroom offers exceptional West Maui Mountain and ocean views and en suite bathroom with walk-in shower. 
Wailea Palms
Wailea Palms 3801
$1.795M (FS)
You’ll love the beautiful blue ocean views from your living room, lanai and both bedrooms at this updated Wailea Palms home. Located just minutes from all the amenities that the Wailea Resort has to offer, unit is perched at the peak of the complex looking across the lush landscaping to the sparkling Pacific and the West Maui Mountains beyond. 
Kanani Wailea
Kanani Wailea 23
$1.899M (FS)
This boutique Wailea community of 38 free standing homes with the benefit of convenience to all South Maui has to offer. Minutes from world class golfing, beaches, 5 star restaurants and shopping. Wailea Kanani is gated, has many amenities which include a saltwater pool, hot tub, entertainment area with kitchen facilities and an exercise room.
Sugar Cove
Sugar Cove 6A, 6B,6C
$17M (FS)
This is your chance to acquire a private, turnkey beachfront condominium building consisting of two living spaces with a total of 8 bedrooms, 7 bathrooms, 3 ½ bathrooms and just under 6,000 square feet of living area all situated on the crescent beach at Sugar Cove in the heart of Spreckelsville.

Residential Condos Under $1M

  Harbor Lights
Harbor Lights C-315
$235K (FS)
Spacious 2 bedroom 1.5 bath unit in Kahului. Close to Queen Kaahumanu Shopping Center, University of Hawaii Maui campus, and parks.

Customer Listing Synopsis


Harbor Lights 2
Harbor Lights D-206
$289K (FS)
This unit has it all! Renovated from floor to ceiling, including new electrical and plumbing. Custom kitchen and bathrooms with high-end finishes make this unit one of a kind. New windows for the entire unit have been ordered and will be installed once received.
Kihei Villages 59-203
$499K (FS)
This unit has one deeded parking space conveniently located close to the front door and bonus ample visitor parking spaces very close by. Kihei Villages has everything going for it  pet-friendly, 24hour security provided by the association. You can relax and enjoy the magical colors of the sunset from the large, private covered lanai.
Maui Gardens
Maui Gardens C-103
$700K (FS)
Best of all the condo itself is beautiful and at nearly 925 square feet, it is the largest ground floor 2 bedroom unit on the property. The space is amazing. You enter into a great room that has the living area, dining area and a gorgeous kitchen. The dining area is a bright sunny space with a view of the grassy courtyard. 

Vacant Land

0 Kalua Koi
0 Kalua Koi Road Lot 152
$450K (FS)
This spacious, large 21.2 acres has underground utilities, paved streets, and neighborhood CC&Rs. Water meter tap-in is ready to be installed. Ocean-views with year-round sunsets and stunning views across the sea to Honolulu and Diamond Head. 
178 River Rd
178 River Road
$450K (FS)
Enjoy the peaceful, tranquil country setting with amazing mountain and distant ocean views. Options abound with this 30,971 sq ft parcel of land located above Waihe'e river just minutes away from all Central Maui amenities which include the airport, hospital, shopping, dining Maui Arts and Cultural center and government offices.
5147 Makena Road Lot 5
$3.25M (FS)
This rare lot comes with approved plans for a luxurious 4 bedroom, 4.5 bath, 7,386 sq. ft. home with a pool and inspired landscaping, affording buyers the ability to build without having to go through the lengthy new SMA approval process required of all new proposed constructions near the ocean. 
5159 Makena
5159 Makena Road 
$4.249M (FS)
This idyllic location affords spectacular sunsets with a beautiful sandy beach & majestic ocean waters just steps from your front door. Makena is just south of Wailea and is revered as a pristine, less-developed, magnificent coastal area. This World Class area is consciously & conservatively being developed adjacently by Discovery Land Company.

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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