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Aloha ,
Market Update
Inventory Shortages are keeping home sales low. As the economy rebounds pent up demand is growing but the availability of reasonably priced homes is not. The large generational cohort of millennials is ready to build their own households but the inventory shortage is keeping prices high.
Buidlers have been focusing on building multi-family dwellings since the demand in that segment has been rising ovet the past couple years due to the large renter market. However, we are in a transitional phase where we expect more single fmaily starts very soon.
Small contract builders are ready ot build but are having difficulty getting the financing they need. Lenders expect them to have buyers ready before building. Economists expect to see a rise in housing statrs from 1.1 million to 1.4 million in the next year.
Have a wonderful week,
Lindsey for The Smith Team
Ken, Melissa and Lindsey
P.S. - UberSELECT, Uber's luxury service, is now availabel on Maui. Arrive in a stylish, sleek ride.
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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552 (276)
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255 (47)
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969 (168)
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-11 |
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Condos
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844 (202)
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217 (30)
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1150 (166)
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-6
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Land
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358 (135)
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28 (7)
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160 (20)
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+9 |
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Total
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17654 (613)
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500 (84)
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2119 (354)
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-8 |
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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
Homes Under $1M
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8 Kupalaiki Loop
Kihei
$597K (FS)
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Bank Owned - Great corner lot location in Central Kihei, close to restaurants, shopping, parks and beaches. Recently painted inside and out. HOA fee of $315 per month includes water, sewer, trash and common area maintenance.
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326 Maka Hou Loop
Wailuku
$545.9K (FS) |
Bank Owned - Located in the highly desired Kehalani community, this 2 story home offers much home ownership benefits to any buyer shopping in the district of Wailuku.
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53 Polale Street
Kihei
$579K (FS)
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Enjoy carefree living with this ultra clean, low maintenance, and immaculately maintained home with turnkey ownership potential. Groceries, banking, coffee, restaurants and more are a short walk or bike ride away.
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2050 Kaupakalua Road
Haiku
$675K (FS) |
Take advantage of this outstanding opportunity to own this beautiful property with a warm and welcoming custom-designed home in a tranquil and lush setting.
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Vacation Condos Over $1M
Wailea Point #2002
Wailea
$2.49M (FS) |
Absolutely stunning, modern residence. Exquisitely remodeled by acclaimed builder Pat McCarthy. Beautiful ocean views toward West Maui, with awesome view of Haleakala as a bonus. Unusually spacious interior.
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Honua Kai Hoku Lani #1025
Kaanapali
$3,049,950 (FS) |
Upon entering this 3 bedroom residence, you will become transfixed with the direct ocean outlook. With an open-concept living/dining/kitchen area perfect for entertaining, this home has 2 master bedrooms with complete ensuites.
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Montage Residences #2502
Kapalua
$4.25M (FS) |
A truly one-of-a-kind opportunity to own along the West Maui shoreline, overlooking the white sandy crescent of Kapalua Bay, with panoramic ocean views framed by the neighboring islands of Molokai and Lanai.
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Montage Residences #5602
Kapalua
$4.9M (FS) |
Located within the renowned Kapalua Resort, home to two championship golf courses, miles of hiking trails and an array of ocean activities. Montage Residences Kapalua Bay offers a rare opportunity to fully embrace the Montage lifestyle.
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Vacation Condos Under $1M
Kamaole Sands #10-403
Kihei
$699K (FS) |
Ocean and mountain views from this top floor two-bedroom, two-bath 1188 SF condominium in Building 10 at the wonderful Kamaole Sands across the street from Kamaole III Beach Park in sunny Kihei, Maui.
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Kamaole Sands #8-405
Kihei
$777K (FS) |
Very rare 3 bed, 3 bath South Maui condo with a standard staircase and 2 parking stalls directly in front of the elevator! Beautifully renovated with granite countertops, stainless kitchen appliances and one-of-a-kind hand carved cabinets.
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Residential Condos
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Kehalani Gardens #502
Wailuku
$350K (FS)
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The interior walls are freshly painted and there's 5 ceiling fans throughout the unit, central air conditioning with fully insulated walls. The master bedroom has a cathedral ceiling and there are two vanity laves in the master bathroom. There is also a fully fenced back yard to enjoy.
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Villas at Kenolio #13A
Kihei
$357.5K (FS) |
Discover this beautiful 2 bedroom / 2 bathroom condo with a large loft located just a block away from the sandy beach in sunny Kihei. An upper level, end unit condo with extra windows and high vaulted ceilings offers a bright and airy home.
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Vacant Land
0 Malia-Iokepa Place
Kula
$559K (FS) |
Build your dream home upon the hilltop. Enjoy the breathtaking bi coastal ocean views from Hookipa to Molokini (north to south). Witness the majestic sunsets from this peaceful ag land.
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6 Nalu Ola
Haiku
$1.795M (FS) |
Incredible 8.5 acre ocean front lot minutes from Paia and Haiku town.
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