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 1052 May 3rd, 2023


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)
New Properties 
Price Reductions  

Short Sales

Condos (1)
New Properties

Price Reductions 

Exclusive Beachfront Property 
   892 S Kihei   

892 South Kihei Road

$6.95M (FS)
 April Market Update

The recent uptick in Maui sales activity was short-lived as there were 52 fewer sales in April than in March 2023. Year over year, total sales are down 46%. While sales activity has slowed, median sales prices are holding strong at $1,112,500 for single-family homes and $877,000 for condos. Combined, all property types are selling in 75 days as overall demand has stabilized in today’s higher mortgage interest rate market. Looking ahead to the summer months, expect current market conditions of tight inventory levels and moderate sales activity to continue.

Single-Family Home Transactions

Don’t be fooled by the lower number of sales of Maui single-family homes, as demand remains strong across the island. In April, median sales prices are holding steady above $1.1 million, as one in every five properties continues to sell above asking price. Now more than ever, pricing a property is critical. Of all properties sold in April, 25% had a price reduction, with those properties having an average of 184 days on the market compared to 85 days on the market for sold properties with no price reduction.

Condominium Transactions

Maui’s condo market remains competitive across the island as an overall lack of inventory continues to create unique opportunities for sellers. In total, there were 65 condo complexes with sales in April, of those, 47 complexes (72%) only had 1 sale. With limited listings and median sales prices holding just below all-time highs, if you have been thinking of selling or diversifying your real estate portfolio, now may be an opportune time.

For more information about a specific neighborhood, condo complex, or the current value of your home, please contact us at any time.
Where it says Click Here.

Mahalo Nui Loa,

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

The Smith Team

P.S.  Although sales have been down quite a bit year to date, we have seen a strong uptick in the number of listings going under contract in the last several weeks.  This is welcome news for Sellers, but there is also good news for Buyers as the number of listings on the market has increased recently and interest rates are off of their peaks.
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Market Watch
240 (198)
122 (86)
872 (512)
196 (91)
210 (125)
1185 (390)
131 (61)
 39 (15)
203 (61)
567 (350)
371 (226)
2260 (963)
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

 52 Kawehi 
52 Kawehi Place

$1.55M (FS)
This amazing property tucked away in one of Kula's most exclusive areas, gives new meaning to peace and serenity. Glance at the spectacular Haleakala Forest above and the ocean below views are outstanding. The property has mature landscaping including avocados, fruit trees, ginger, ferns, a beautiful Jacaranda Tree, and vegetable gardens.
2365 Waipua
2365 Waipua Street

$3.5M (FS)
The home is a large island style two story that was completely remodeled in 2018. Up and down living with gracious spaces, tall ceilings that boast natural light creating a retreat like atmosphere. Three car garage with a dumbwaiter lift, a covered lap pool, central ac, with spacious lazy lanais.
518 Pacific
518 Pacific Drive
$3.85M (FS)
This perfectly maintained 4 bedroom Pineapple Hill home is ideally located at the end of a cul-de-sac ensuring maximum privacy while enjoying magical ocean and sunset views. This fully-furnished, turn-key, 2 story home with ground-floor primary bedroom is the preferred Pineapple Hill floorpan. It is located near to the top-notch community amenities.

Homes Under $1M

438 W Kuiaha
438 West Kuiaha Road

$462K (FS)
An R-3 zoned parcel with a 91 year old house just above the Pauwela Cannery. Located in a residential community, this Property is in need of someone who can see the potential and has the vision to bring this fixer upper back to life. The property does have a water meter. House is termite damaged.
 8868 Kula Hwy 28868 Kula Highway
$849K (FS)
Bank Owned. Situated on almost a two and one half acre with the ability to offer ocean and mountain views with some clearing. Inside you will find wood laminate flooring, vaulted wood lined ceilings, two sky lights and a wood burning stove for those cool Kula evenings. With an open kitchen and gas burning stove. If you like the serenity of Kula you will love this home.
516 Waikala St
516 Waikala Street
$850K (FS)
This 4 bedroom 3 bath single story large home with over 2000 square feet of living area. Beautiful cedar wood walls, high ceilings with nice beams, lots of large windows brings in light and views of Haleakala, split a/c, large family bonus room, 2 car carport and extra outside storage. 


Vacation Condos Over $1M

Maalaea Surf G-8
$1.845M (FS)
Enjoy miles of Sugar Beach from your door. The resort offers 2 inground pools, tennis court, pickle ball and shuffleboard. Offers an owner surfboard storage barn and a locked off owner storage closet. If you are looking for a peaceful Maui location this is it! Beautifully updated 2 bedroom, 2 bath upstairs condo is sold turn key with nightly rental income in place.
Wailea Elua
Wailea Elua A-905
$5.25M (FS)
It’s only a 90 second walk to have your toes in the sand. The view from the ocean facing lanai and yes, there’s a rare second lanai on the other side of the condo as well! is a direct ocean view of Molokini and Kaho’olawe. New windows were installed in the living room a few years ago so the same two-island view can now be found inside the condo.

Kaanapali Alii
Kaanapali Alii I-706
$6M (FS)
For the first time in over two years a new 2 bedroom 2 bath beach front residence is now available at the prestigious Kaanapali Ali'i. Unit is an oceanfront condominium located in building one on the 7th floor and facing the inner courtyard. Experience the sounds of the rolling surf from the comfort of your private lanai as you take in the best of the Kan'anapali lifestyle.

Vacation Condos Under $1M

Kealia 305

$475K (LH)
Breathtaking beach front views from this coveted location at the Kealia Resort. This one bedroom, one bath, front corner unit is a treasure to view. and imagine the life that you can have here, or use as an amazing vacation rental in this rare hotel zoned complex. Nicely appointed with granite countertops and laminate flooring being sold furnished and turn key. 
Maui Vista 3321
$749K (FS)
This successful vacation condo places you right where you want to be, steps from the beloved Charley Young beach and away from street noise. The property offers a versatile set-up of a queen size bed in the finely appointed bedroom suite and another queen in the “hide-away” living room wall unit. Pride of ownership shows throughout in the details.  
Napili Point A-25
$999K (FS)
This is a great opportunity to own this beautifully remodeled 1 bedroom, 1 bath ocean view front row unit at Napili Point Resort. Upgrades include luxury vinyl plank flooring, granite counter tops, wood cabinetry, stainless steel appliances, a tiled shower area, and a front loading stacked washer/dryer. It has an open floor plan with the kitchen and great room area that lead to the ocean view lanai.

Residential Condos Over $1M

US Duplex
US Duplex A
$1.925M (FS)
This single-family residential home is legally a condominium. Once you enter the home, you will surely notice the attractive grain texture of Acacia hardwood flooring and delight in the gleaming Pacific Ocean from the main level's bright and spacious living room. This home is just a five-minute walk to Napili Bay and superb snorkeling in Honokeana Bay, not to mention many choices for dining in the Napili-Kapalua corridor.

Residential Condos Under $1M

Puuone Hale
Puuone Hale Alii 105

$285K (FS)
A comfortable ground floor condo featuring 1 bedroom and 1 bathroom in a prime central Maui location. This condo is a blank canvas for you to personalize, with a freshly painted interior waiting for your own touch.  Moreover, stunning beaches are only a short drive away. The unit also includes a convenient parking stall, making it a perfect addition to your real estate portfolio.
Southpointe at Waiakoa
Southpointe at Waiakoa 24

$499.9K (FS)
Best priced 2 bedroom in Southpointe at the time of listing. Do not miss this opportunity to buy this condo and make it your own. This is a blank palette for the handyperson to come in and remodel. Basic cable and internet are included in the monthly fees and this is a pet friendly complex.
  Kihei Villages
Kihei Villages 15-205

$550K (FS)
This exceptional 2 bedroom, 1.5 bathroom condo. Offering a serene retreat with beaches and parks nearby. As you step inside, you'll be immediately greeted by the elegant tile flooring that flows seamlessly throughout the unit, reflecting the abundant natural light. The open concept living and dining area boasts a tasteful and contemporary design.

Customer Listing Synopsis

Video/Virtual Tour

The Breakers E-26
$617K (FS)
This impeccable west-side, one bedroom one bath condo is being offered turn-key, fully equipped and furnished. Extras include a new split AC system, freshly painted, 3 stage kitchen water filter, window coverings, all appliances, one dedicated parking space, a lanai storage closet. The Breakers is ideally located across the street from the ocean and steps away from the beautiful Honokowai Beach park.
Kai Ani Village
Kai Ani Village 12-102
$849K (FS)
This “Mahina” model includes a Great Room consisting of living room, dining area, and contemporary kitchen, with two bedrooms and two bathrooms in a single level ground floor unit. Large covered lanai is accessible from Great Room and master. Carpet and tile flooring. Brushed nickel hardware, low energy windows, split system air conditioning.

Vacant Land

371 South Kihei Road

$1.35M (FS)
Goregeous Pacific Ocean and golden sandy beaches are directly across the street from this 2/3 of an acre property with lovely views. Customize the Estate of your dreams on a rare .669 acre vacant lot offering, literally a stone’s-throw away from the beach. Very few buildable lots exist with the size and location in South Maui, making this a highly desirable lot across from the Mai Poina Beach Park with a bevy of amenities nearby.  

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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