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Aloha Valued Subscriber
Market Update
July statistics reveal that median home prices increased 17% over July of last year to $702K. This is the fourth month this year that the median price of a single family home is over $700K. Year-to-date the median price is $705K, 13% higher than year-to-date last year.
91 homes sold in July, 28 of which were in central Maui where the median sales price was $616,425. From January through July, 637 Homes sold, a 2% uptick over this time last year. The Upcountry market experienced a 52% increase in home sales with 70 sales.
Condo prices remain relatively consistent with last year at a median of $442,500 for July. Year-to-date the median condo price increased 10% to $475K. Condo sales have increased in South Maui and decreased in West Maui. The Wailea-Makena area had 46% more sales than last year.
There were 729 homes for sale in July which includes pending sales and contingent escrows cancelling. Inventory of homes has been increasing since September of last year. The average days on the market for a single famly home is 99 days.
Have a wonderful week,
Lindsey for The Smith Team
Ken, Melissa, Greg and Lindsey
P.S. - Maui County charity walks raised the most money out of any county in the state. $1,212,066 was raised by more than 3000 walkers. The money will go to 112 various Maui nonprofit organizations.
Melissa Smith R (B), Ken Smith R (S), Gregory Smith R (B), Lindsey Taylor 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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518 (299)
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261 (42)
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1100 (248)
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-4 |
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Condos
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664 (190)
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282 (32)
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1350 (178)
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-11 |
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Land
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338 (126)
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40 (9)
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207 (18)
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+1 |
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Total
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1531 (615)
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583 (83)
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2657 (434)
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-14 |
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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
1009 Ulu Kanu Street
Wailuku
$599,999 (FS) |
Sweet, clean Waikapu Gardens home offers a marvelous open floor plan. The wonderful great room with its raised ceiling and sliders leading outdoors makes cooking and entertaining fun. 3 bedrooms and 2 full baths, one of which is handicap accessible, complete this surprisingly spacious, well laid out, single level house. The 2-car garage is so pristine, it feels like another room and conveniently connects to the great room.
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149 East Kanamele Loop
Wailuku
$649K (FS) |
This 3 bed, 2.5 bath, double-story home has been well maintained and renovated with bamboo flooring in the living and dining areas. Enjoy West Maui Mountain views from the front of the house and Haleakala views from the back. A nice, fenced yard offers a great space for gatherings, lounging or relaxation.
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186 Huluhulu Street
Kahului
$875K (FS) |
This charming 4 bed, 3 bath Grand Fairways property has been fully renovated and awaiting a family to make it a home. Manufactured oak laminate warm the interior floors with freshly painted walls throughout the home making it move in ready.
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Vacation Condos Over $1M
Puamana #111-2
Lahaina
$1.590M (FS) |
Puamana 111-2 Brings the "new" into the equation with modern construction from the ground up in 2010. Thoughtfully planned and executed with a clean, updated kitchen, bathrooms with fantastic finishes, sturdy yet beautiful flooring as well as all new windows with higher efficiencies. A welcoming 3 bed, 3 bath floor plan was created, offering the ocean view first floor with a sense of place for entertaining.
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Honua Kai Konea #529
Kaanapali
$2.495M (FS) |
K0529, a 3 bed, 3 bath home with unobstructed ocean views, is located in the desirable inner Konea courtyard. Enjoy whale watching while sitting inside your home or on the lanai. Unmatched views. Located on the 5th floor, this spacious home features gas Viking kitchen package with double ovens and wine fridge.
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Hoolei #E5
Wailea
$3.375M (FS) |
Magnificent 3 bed, 3.5 bath Ho'olei, Top row, never been rented, rarely used, original owner's. Sophisticated, elegant interior design, incredible ocean, mountain and sunset views, immaculate condition, short stroll to the pool and fitness center. Walk to the Shops, Grand Wailea, or the beach walk. All that beautiful Wailea resort has to offer is at your fingertips.
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Vacation Condos Under $1M
Kihei Bay Surf #143
Kihei
$248K (FS) |
This furnished studio is move in ready. Improvements continue with new counter tops, kitchen sink and faucet to be installed early next month. The unit is on the ground floor providing easy access to the beach. The complex has a tennis court, just resurfaced this month pool/Jacuzzi and BBQ area. Kihei Bay Surf is conveniently located to Kihei restaurants and amenities.
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Kihei Kai Nani #142
Kihei
$365K (FS) |
Completely updated and renovated 1 bed, 1 bath unit at Kihei Kai Nani. New stainless steel appliances were installed in the kitchen earlier this year. There is air conditioning in both the living room and bedroom. New flooring was installed in 2015 and new furniture was added in 2016. Unit #142 is located across from the pool and has a private lanai overlooking the garden area.
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Kahana Villa #E111
Kahana
$429K (FS) |
This partial ocean view condo is the best valued vacation spot for those looking for the largest 2 bed, 2 bath at a competitive offering. Great opportunity for vacation rentals in a beautiful resort setting directly across the street from snorkeling and sandy beach sunsets. High quality finished remodel on the 1st floor, even the master bedroom has been fully enclosed to enjoy the ocean view from the full length window.
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International Colony Club #33
Kaanapali$550K (FS)
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This is the largest free standing condominium within the complex. This 2 bed, 2.5 bath unit has a 1008 sq ft unfinished basement with a half bath, laundry area and a lot, lot, lot of storage area. The main living area has high open truss ceilings, a large living room and dining area with wood laminate flooring throughout.
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Grand Champions #117
Wailea
$665K (FS) |
This beautifully upgraded 2 bed, 2 bath Grand Champions condo offers an incredible value. Fully remodeled from top to bottom with large scale tile floors throughout the main living area and stranded bamboo in the bedrooms. Some of the additional upgrades include: New appliances and Laundry in 2016.
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Wailea Ekahi #49B
Wailea
$998K (FS) |
Fabulous ground level, no steps and west facing ocean view 1 bed, 2 bath desirable “B” plan with extra large lanai (patio) fronting both extra large living area and oversized master bedroom/bath. A tropical paradise is just outside your lanai with great sunsets and ample space for entertaining.
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Residential Condos
Puuone Hale Alii #202
Wailuku
$144K (FS) |
Enjoy cool ocean breezes and lovely ocean views from your living room in this 1 bed, 1 bath unit! Cable, Water, Sewer and Trash are included in the monthly maintenance fee.
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Villas at Kenolio #6F
Kihei
$429K (FS) |
Beautiful, ground floor condo, refreshed and ready for a new owner. Great location, close to the pool area towards the back of the complex. All 3 bedrooms and 2 baths on ground level. Sit out on the lanai and enjoy the greenery around you. Two parking stalls, very close to the unit.
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Napili Villas #4
Napili
$510K (FS) |
Opportunity awaits with this 3 bed, 2 full bath single level residence with a fenced yard and peekaboo ocean views. This residence is at the top of Napili Villas and sits at the end of a cul-de-sac with no through traffic. End unit with additional windows providing ample natural light, and plenty of fresh air.
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Vacant Land
514 Upper Kimo Drive
Kula
$499K (FS) |
Panoramic ocean views, privacy, cool mountain air approximately 3/4 of an acre close to Kula Lodge. County water meter installed. Ready for your house and cottage.
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