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Aloha ,
Market Update
Getting a loan to purchase a condo can be much more difficult than getting a loan for a single family home because the financial situation of the condominium project is out of the buyer's control.
Loans for condo projects are affected by the ratio of how many units are owned versus rented, the percentage of non-residential use of the building and the board that governs the project. These hurdles can cause issues for potential buyer's seeking a loan.
The National Association of Realtors has been working to get more condominium project's FHA certified which would allow lender's to make mortgage loans for these projects. There is strong support for legislation that will make it less burdensome for
condo's to get the FHA certification.
Have a wonderful week,
Lindsey for The Smith Team
Ken, Melissa and Lindsey
P.S. - 10 Maui resorts made Conde Naste Traveler Magazines Top 25 Best resorts in Hawaii. Montage at Kapalua Bay took the #2 spot with an overall rating of 94.473.
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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524 (275)
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210 (25)
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1067 (191)
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-13 |
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Condos
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724 (163)
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172 (17)
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1217 (162)
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-6
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Land
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349 (131)
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33 (4)
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151 (24)
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+1 |
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Total
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1607 (561)
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442 (51)
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2425 (373)
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-19 |
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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
2662 Lower Kula Road
Kula
$1.485M (FS) |
Located just 20 minutes from town, this hillside estate overlooks both the Kihei and North shore coastline. The 5-bedroom 3-bath pole home with 1 bedroom 1 bath furnished detached cottage has it all. Enjoy the views of 4 islands along with rainbows and sunsets year round.
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3228 Lanina Place
Maui Meadows
$1.494M (FS) |
This spectacular, graceful, inviting and meticulously kept home inclusive of a detached garage with an authentic Artists Studio, is surrounded by lush harmonious estate quality gardens. Everything about this exclusively private, copper-gated, half-acre retreat-style enclave, speaks to quality of aesthetics, care & creativity.
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 342 Cook Pine Drive
Kapalua
$3.695M (FS) |
Pineapple Hill's largest lot is a consolidation of Lots 90 & 91, totaling over 35,000 square feet and offering the most secluded location within Pineapple Hill with its own private gate. Pineapple Hill is a gated community in Kapalua Resort.
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Homes Under $1M
397 Middle Road
Kula
$379K (FS) |
Great quiet spot off Middle Road in Keokeo/Kula. Home needs major renovations. Great property to build sweat equity, or tear down and build new on this beautiful private location surrounded by mature trees and lush landscape.
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2662 Kalialani Cirlce
Pukalani
$479.9K (FS) |
Bank Owned -Wishing Won't Cut It but calling us to see this 3BR 2 bath home located in the Pukalina Terrace and Country Club Estates subdivision will... Of course, there is golfing, shopping, schools, etc nearby. This contemporary home offers 3 levels of living areas.
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71 Kuuhoa Place
Kahului
$481.7K (FS) |
Short Sale - 5 bedroom 4 bath home in fair condition. Centrally located at The Greens at Maui Lani minutes away from Golf Courses, Restaurants & Shopping Centers. Sold " AS-IS".
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560 Mikioi Place
Maui Meadows
$895K (FS) |
Enjoy a park setting hidden away in Maui Meadows. If you like to be off the beaten path, this flag lot at the end of a cul de sac, offers the extra privacy you’re looking for. Feel the tradewinds in this comfortable 3 br/2ba, two story home that offers possibilities for expansion.
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Vacation Condos Over $1M
Mahana #219
Napili
$1.219M (FS) |
Aston A rated, remodeled, 2 bedroom at the Mahana. New cabinets, granite counters kitchen, bathrooms, travertine flooring. Master "Sunset", travertine bath/shower, 50 feet from the water. 19th stack has amazing ocean, beach, wave, tree, views.
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Honua Kai Hoku Lani - #SR 710
Kaanapali
$1.45M (FS) |
With one of the premier locations and view corridors of any two-bedroom condo at the luxury resort, Hokulani 710 offers one of the strongest value propositions in the West Maui real estate market. Enjoy ocean views from EVERY room of this high-end condo - Lanai and Black Rock form the perfect background for whale watching with sweeping views of the Pacific.
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Wailea Beach Villas #G101
Wailea
$4.1M (FS) |
Exceptional luxury awaits you at Villa G 101 located in exclusive Wailea Beach Villas. A private backyard, refreshing plunge pool and shower grotto grace this elegant 3 bdrm/3.5 bath and 2889 sq. ft. furnished ground floor home featuring travertine flooring, granite countertops, cherry wood cabinets, and great room retractable floor to ceiling glass doors.
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Vacation Condos Under $1M
Hono Kai #B-5
Maalaea
$395K (FS) |
Looking for a turn key vacation rental unit? Here's your chance for a stunning ocean front unit under $400,000! With easy access to a 5 mile sandy beach, perfect for a leisurely strolls. Kitchen and bath have been beautifully upgraded. Cherry wood cabinets in the kitchen with pull out shelves.
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Kahana Reef #222
Kahance
$429K (FS) |
Kahana Reef features beach front living at it's very best. Fantastic sunsets with panoramic vistas of the islands of Molokai and Lanai are the norm with turtles and whales to entertain. This one bedroom end unit has an exceptional location and with side windows that catch the tropical breezes.
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Kihei Alii Kai #D-403
Kihei
$459K (FS) |
Come take a look and you too will fall in love with this beautiful condo with the phenomenal ocean and Molokini views as you enter! The large lanai is perfect for entertaining to enjoy daily sunset and seasonal whale watching. A unique penthouse 1 bedroom, 1 bath unit with an expansive loft which can be the 2nd bedroom.
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Residential Condos
Villas at Kehalani #2604
Wailuku
$634K (FS) |
Wet Bar included in this unit which will be ready in 30 days for occupancy!!! Gated community in a Master Planned Community. By Appointment the Models are open Tuesday-Sunday. Tours of construction area on restricted hours.
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Ke Alii Ocean Villas #E-103
Kihei
$849.9K (FS) |
This desirable ground floor, single level with den floor plan is elevator accessible and includes an upgraded GARAGE. Completely redesigned with energy saving features focusing on cool, comfortable and affordable living. Other superior upgrades include: 20x20 porcelain tile throughout great room.
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Wailea Palms #3802
Wailea
$965K (FS) |
Magnificent ocean view from practically every room! Feels like you are on top of the world in this 2nd level, 2 bedroom, 2 bathroom, gently lived in condo situated in building 38. Gorgeous marble flooring, meticulously clean along with a spacious lanai perfect for whale watching, barbecuing or enjoying the sunset.
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Vacant Land
348 Alahee Drive
Wailuku
$187.9K (FS) |
Vacant lot with loads of potential and possible ocean views from 2nd story structure. This property is located just off market street in the Wailuku redevelopment area, lots of nearby growth and benefits.
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126 Kaulele Place
Kaanapali
$460K (FS) |
Prime location within Lanikeha Phase I. This is a full half acre lot located at the end of a cul-de-sac with an elevation that allows for excellent ocean and outer island views of Molokai and Lanai. With full use of the Lanikeha club house amenities consisting of a work out facility.
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