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 938     February 23rd, 2021


In this newsletter:

A World-class Estate
Oceanfront in Paia


137 Hana Hwy
$11,995,000 (FS)

Customer Listing Synopsis

Video/Virtual Tour

Market Update

Since the beginning of the year, buyer activity has continued to grow stronger and stronger. The combination of low interest rates on new mortgages, the ability to travel more freely, and sparse inventory are creating the ideal environment to continue Maui's v-shaped recovery. Just by taking a look at the chart below, you can see that pending sales are exponentially higher than they were at this same time last year.

SUMMARY OF MARKET FEB 23_Pending-page-001

Active listings across the island have dipped to below 1,000 and as more properties go pending over the following weeks, that number is likely to continue dropping. Take a look at the second graph below to see buyer activity broken up by district.

SUMMARY OF MARKET FEB 23_District-page-001

Mahalo Nui Loa,

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

The Smith Team


P.S. In Lahaina, Segway Maui has been supplying Maui residents with the latest in personal electric transportation for 10 years. In a statement given to Maui Now, the retailer said that they have plans to introduce a brand-new line of electric vehicles as part of their anniversary celebration. As electric cars are becoming a more common sight around Maui, Segway is counting on more people getting excited about personal transportation as well, like scooters and electric motorcycles. You can visit Segway Maui's website here.

P.P.S On the subject of electric vehicles; if you or someone you know is interested in purchasing a Tesla in excellent condition, Ken is actually selling his! You can view the listing and find all the pertinent details here.
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215 (163)
270 (115)
1092 (366)
545 (136)
391 (103)
1358 (277)
216 (76)
 109 (34)
235 (36)
976 (375)
770 (252)
2685 (679)
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

Homes Over $1M

139 Mehani Pl
$1,007,000 (FS)
Bank Owned - An incredible opportunity to have it all, at an affordable price. This large residence boasts 4 beds, 4.5 baths, a 3-car garage, and a large fenced-in yard. Located in desirable Kihei, it is a short stroll to the Kihei Regional Park, Maalaea Bay, golfing, boutique shops, countless outdoor recreational activities, and a vast array of cuisine.
336 Door of Faith Rd
$2,495,000 (FS)
Discover Huelo Point! One of the most dramatic sea cliff settings on earth. Enjoy the sun rising in full view over the water, the crashing waves in the sea caves below, witness Humpback whales, spinner dolphins, green parrots, purple haze sunsets and dazzling starlit nights. This is a gated, 4,971 sf. 5 bed, 4.5 bath, Bali style home with an attached ohana.

Homes Under $1M

164 Tam Yau Pl
$440K (FS)
Kua’aina Mauka is a new residential community located in Pukalani. This new development will offer a place to call home and experience the beauty and convenience of Upcountry living. Kua’aina Mauka consists of 16 cottages and 16 homes. This is your opportunity to experience first-hand why so many people love Upcountry Maui. 
47 Papahi Loop
$775K (FS)
Situated on a quiet loop in The Legends at Maui Lani, this immaculately kept two-story, 4 bed, 2.5 bath home is in prime condition and is completely move-in ready. The home is filled with natural light which may be tempered by way of the custom plantation shutters throughout. The kitchen offers stainless appliances, a large pantry, accessible from the kitchen, and a pass through to the breakfast bar. 
893 North Niheu Pl

$849K (FS)
This is a great opportunity to own a quaint, spacious, quality constructed, and well-maintained single-family home, with a dual family living set-up. This home has 5 beds and 4 baths on a sizable lot offering mountain views from the front yard and stunning views of the Pacific Ocean and the island of Lanai from the backyard.

Vacation Condos Over $1M

Masters #3304

This unit has one of the best locations and views in The Masters at Kaanapali Hillside, located at the end of a cul-de-sac, everything drops away in front of the unit with lush tropical landscaping right down to Kaanapali Beach. Enjoy breathtaking panoramic ocean and multi island views! This highly sought after F floor plan, is a 1850 sf. upper level residence with a private entrance. 
Polo Beach Club #509

You will quickly find your own personal heaven enjoying the white sandy beaches, stunning sunsets, ocean activities, golf, tennis, fabulous weather, clean air and security. This 2 bed, 2 bath redesigned and fully renovated 5th floor, turn-key beachfront condo with a unique additional second bedroom ocean view lanai offers you the escape to Maui your soul has been searching for. 
Polo Beach Club #707
Luxe details and high-end finishes reflect the ultra contemporary 2 bed, 2 bath, Michelle Wagner designed renovation where exclusive amenities meet to create this 7th floor single-level, fully-furnished, turn-key beachfront masterpiece. Polo Beach Club is conveniently situated at the beginning of Makena and the Wailea oceanfront pathway that connects the luxurious Makena and Wailea Resorts.  


Vacation Condos Under $1M

Royal Kahana #316

$339,900 (FS)
Jump on this opportunity to own the best oceanfront value in West Maui. Royal Kahana 316 features an upgraded bathroom and kitchen with extended granite counter tops and extra cabinets making this studio a stand-out amongst others. The condo comes fully furnished, has central AC and a washer and dryer.
Kamaole Beach Royale #608
$690K (FS)
'Wow' is the feeling you will experience when you enter this beautifully renovated 6th floor condo with the backdrop of the blue Pacific Ocean sparkling while also seeing and hearing the gentle waves crash along the sandy shoreline. Truly a must-see and an incredible value in today's rising condo market!
Kapalua Ridge #621
$949K (FS)
Kapalua Ridge Villa #621 offers sweeping ocean, golf course and mountain views in a private and peaceful setting. Enjoy watching whales and rainbows from the lanai with no rooftops to spoil the view. This spacious, single-story floor plan is beautifully designed with a $90K remodel including Travertine floors and quartz countertops throughout the kitchen, living room and baths. 


Residential Condos Over $1M

Hokulani Golf Villas #23
Enjoy the best location in Hokulani Golf Villas, situated near the top of the 18th Fairway of the Maui Nui Golf Course allows this home to have enchanting ocean views. Upon entering the large mahogany front door with a rain glass panel, the upgrades are obvious, Italian porcelain tile in the living room, stacked stone pillars as you enter the dining room, bamboo shades with blackout shades on the sliding doors and windows, and a wine fridge in the kitchen.

Residential Condos Under $1M

Harbor Lights #A116

$185K (FS)
This unit was completely remodeled in 2020 with new electrical and plumbing. This is the original managers unit which is bigger than the other units. This is a ground floor unit, with 2 beds, 1 bath and 783 sf. of living space. Located withing walking distance of the Maui Community College, Maui Arts and Cultural Center and Queen Ka'ahumanu Shopping Center.
Hoolea Terrace Kehalani #1306

$410K (FS)
A desirable, pet friendly, upstairs, 2 bed, 1.5 bath unit that catches the cool breezes of Wailuku. Make your way to the large Kehalani recreational park within proximity, or if you prefer to stay on property, enjoy the intimacy of the community playground, or just a nice stroll through the neighborhood of Kehalani.
Villas at Kenolio #5F

$565K (FS)
A ground floor 3 bed, 2 bath unit that has just undergone a complete paint job, with new kitchen cabinets, countertops, wood flooring, ceiling fans and guest bath vanity. Two AC's keep the condo nice and cool. There is solar hot water heating to keep your electric bills down. Villas at Kenolio features a large saltwater pool, gym, hot tub, BBQ's and a playground.
Hale Kanani #3-102

$595K (FS)
This meticulously maintained 2 bed, 2 bath condo is 1 of only 8 condos in Hale Kanani with an extra storage unit. You will fall in love with this lovely condo located directly across the street from the beach in the heart of Kihei. Enjoy a brand new refrigerator, range & microwave, central A/C, nearly 900 sf. of interior living space, 105 sf. of covered lanai and 2 parking stalls.
Vacant Land
0 Hana Hwy Lot 14
$1,395,000 (FS)
Over 20 acres of stunning North Shore land with magnificent views. Uniquely private and convenient, this is the first buildable land past Hookipa on the oceanside of Hana Hwy, just minutes from Paia and Haiku towns.
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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