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 939     March 2nd, 2021


In this newsletter:
Superior Craftsmanship
In Launiupoko


55 N Lauhoe Pl
$7.49M (FS)

Customer Listing Synopsis

Video/Virtual Tour

Market Update

In a report published by the Hawaii Department of Business, Economic Development, and Tourism called the Statistical and Economic Report, all the data collected in the first quarter of 2021 projects an economic growth rate of 2.7% this year. While the term ‘economic growth rate’ may seem a little vague, it’s based on Hawaii’s GDP or Gross Domestic Product which is simply the total value of goods produced and services provided in Hawaii during one year.  

While there are many exports that leave Hawaii for the mainland and foreign countries, the biggest driver of economic growth continues to be tourism. Because of the COVID-19 pandemic it’s no surprise that tourism came to a complete standstill for the better part of 2020, resulting in a 7.5% decline in GDP. While 2.7% doesn’t seem like a huge increase, it is an indicator that the slow, steady economic recovery in Hawaii will continue to gain momentum. 

DBEDT Director Mike McCartney had this to say on the heels of the report being released to the public, “It has been one year since the onset of COVID-19, and it’s been a tough and challenging time for all of us. I can see positive and encouraging signs ahead for Hawaii’s economic prosperity with Hawaii’s Safe Travels program fully in place and the aggressive rollout of our statewide vaccination program, coupled with the fact that we have the lowest number of new COVID-19 cases in the country. Given all these signs, I am now more optimistic about Hawaii’s social, environmental, and economic prosperity in the future.”

If you want to check out the Statistical and Economic Report in its entirety, follow this link.

Mahalo Nui Loa,

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

The Smith Team

P.S. Happy Girls Day! Tomorrow is Girls Day, which is a celebration that originated in Japan as a festival to wish for the health and wellbeing of young girls. Early Japanese immigrants to the Hawaiian islands brought the tradition with them and it is still celebrated to this day. Mochi is the most common Girls Day confection, and you will find none better than the Peanut Butter & Milk Chocolate Mochi, made fresh daily at Maui Specialty Chocolates. Visit their website here and reserve some for pickup!
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207 (161)
272 (115)
1089 (371)
495 (135)
396 (101)
1375 (286)
211 (81)
 108 (32)
243 (39)
913 (377)
776 (248)
2707 (696)
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

71 Ka Dr
$1,288,000 (FS)
A rare Kula Kai property featuring a main house, cottage and workshop. An immaculate Cedar A-frame home with huge garage shows pride in ownership. The large deck calls you to relax and enjoy the beautiful sunsets and views. The spacious lot backs up to the pastureland which gives you ample privacy.
124 Waaula Pl
$1,495,000 (FS)
A spacious split-level home located in the highly desirable Wailea Kai neighborhood within the Wailea Resort. Wailea Kai consists of 100 gated, custom home sites spanning 34 acres directly across the street from the world-famous Keawakapu beach! With a quiet cul-de-sac location fronting Papali, this home offers maximum privacy with a flexible floor plan not commonly found.
86 Kaulele Pl
$2.45M (FS)
Welcome to beautiful Lanikeha! Enjoy sweeping views of Maui's beautiful ocean, sky and land. Enjoy from your own private pool and raised spa with well appointed cap stones that allow you to sit spa side enjoying your favorite Hawaiian confections and libations. The lanai is approximately 600 sf. under roof which makes an exceptional setting for outdoor dining, parties and family events.
197 Halau Pl
$3,795,000 (FS)
197 Halau Place is a newly renovated 4 bed, 2.5 bath 3,630 sf. home located in the gated Wailea Golf Estates enclave in South Maui. The home affords both mountain and ocean views. One enters the home through two large decorative wood doors that open to a landing dominated by a sweeping Merbau wood staircase that recalls traditional Hawaiian craftsmanship.

Homes Under $1M

352 Kuualoha St
$509,900 (FS)
Bank Owned — A highly desired, single level, 3 bed, 2 bath dwelling in the Greens at Maui Lani. Situated within proximity of shopping, restaurants, parks and schools.
118 Kupalaiki Loop
$690K (FS)
This is your opportunity to own a wonderful home in a very convenient Kihei location right off of Lipoa within walking distance of the beach, restaurants, groceries, physicians, coffee shops, banks, community pool, bus stops, gas stations, schools, church, and much more. This home started as a 3 bed, 1 bath and became a 4 bed, 2 bath after enclosing the lanai area in the back.
42 Anuenue Pl

$785K (FS)
Located in the upcountry serenity of central Kula, 42 Anuenue Place sits at the top corner of a picturesque cul-de-sac street at an angle intended to optimize appreciation for its spectacular ocean and mountain views. This 2 bed, 2.5 bath custom home offers style and simplicity.
33 Keoneloa St

$949K (FS)
A must-see 3 bed, 2 bath home. Located within a gated community, this single level home has an open floor plan! Enjoy the large open space to entertain or read by the built-in bookshelves.

Vacation Condos Over $1M

Grand Champions #105

Welcome home to unit 105 at Grand Champions! It has a tranquil location with perfect views of the 3rd fairway on the Wailea Blue Golf Course. The spacious lanai is where you can enjoy these wonderful views after a warm day on the beach or a fun day on the course. The 3 bed, 2 bath layout is ideal for larger families and there is AC in every room.
Wailea Ekolu #101

Directly above Wailea Village Center & The Shops at Wailea, unit 101 was completely renovated in 2020.  Astute floor plan enhancements yield 2nd bedroom ocean views, improved airflow, unrestricted laundry access & additional storage. Ingenious & functional, Poggenpohl cabinets epitomize high-end European design & are complimented by Miele appliances, renowned for innovative technology.
Wailea Ekahi I #24B

Located a short 5-minute walk to Keawakapu Beach, you will enjoy this spacious 1 bed, 2 bath, ground floor unit that was completely remodeled in 2020. With no expense spared, the modern interior has brand-new floors, paint throughout, added lights, a new A/C unit, and much more. The brand new full-size gourmet kitchen features quartz countertops and new stainless steel appliances.
Hale Pau Hana #206
This beautiful complex is directly on Kamaole Beach II. It is located in the heart of the South Kihei restaurants and shops! The long time owners of this 1 bed, 2 bath unit have enjoyed it for many years, so pride of ownership is evident.


Vacation Condos Under $1M

Kihei Akahi #C-301

$378,888 (FS)
This is a newly remodeled studio with an ocean view. Enjoy being only a short stroll from the beach. Watch the whales perform just for you and year round sunrises and colorful sunsets from the comfort of your condo. Kihei Akahi is surrounded by lush tropical landscaping, with two pool areas, BBQ facilities, and a tennis court. 
386660 (3) (1)
Kamaole Sands #8-101

$499K (FS)
A gorgeous newly renovated 1 bedroom, 2 bath ground floor unit at Kamaole Sands located in South Kihei. This unit has an open kitchen and living room concept with laminate flooring throughout, updated kitchen with maple cabinets, tiled shower in the bathroom, washer/dryer in unit, and air conditioning. It comes turn key and fully furnished with a fully equipped kitchen, queen sofa sleeper in the living room, and a king sized bed in the bedroom.
Kaanapali Shores #322
$650K (FS)
A nicely appointed "C" floor plan, 1 bed, 1 bath unit at Kaanapali Shores. This unit is located on the north side of the building and has easy access from the parking garage. The spacious kitchen features granite counter tops and custom cabinets.
386661 (1) (1)
Maui Banyan #P403
$775K (FS)
Best location in the complex! Enjoy superior ocean views from this top floor 2 bed, 2 bath penthouse unit at Maui Banyan located in South Kihei. This is a lock off unit which allows you the flexibility to use it as a studio and a 1 bed, 1 bath or a 2 bed, 2 bath unit. This is a beautiful unit with an open kitchen and living area. It also has a fully equipped kitchen with stainless steel appliances.


Residential Condos Over $1M

La'i Loa #11A
This 2 bed, 2 bath home features an open and airy floor plan of approximately 1,372 sf. A timeless color palette is warmed by subtle textures and clean, contemporary lines for a visual kinship with the surrounding landscape, while premium design elements such as quartz countertops elevate each home to a sophisticated place. 
Wailea Fairway Villas #S101

Enjoy spectacular panoramic ocean, golf course, and Haleakala views from your living room, master bedroom and lanai in this spacious 3 bed, 3 bath townhome. This 2 story townhome features an updated unit with vaulted ceilings, and an open floor plan. Being a corner unit experience an abundance of natural light and fresh air moving throughout your home year-round.

Residential Condos Under $1M

Kihei Villages I #3-204

$305K (FS)
Your time is now to make this upstairs, 2 bed, 1 bath, corner unit condo your very own. The property features the following highlights: recessed canned lights in the living room and kitchen, carpet in the living areas and tile in the kitchen and baths, a dishwasher, ceiling fans in the living area and bedrooms, a covered lanai for outdoor dining and entertaining, and more!
Kihei Shores #E-302

$489K (FS)
A premium 3 bed, 2 bath unit at Kihei Shores, directly across the street from the amazing Kamaole III Beach Park, with warm-water swimming, snorkeling and paddle boarding. This owner occupied condo reflects true pride of ownership and has been completely upgraded. The unit is in immaculate and pristine condition.
Kapalua Golf Villas #20T8

$775K (FS)
Enjoy an amazing ocean view location close to main pool and recreation area at the Golf Villas at Kapalua. This corner location, 1 bed, 1.5 bath apartment is on the same level as the parking. Amenities at the Golf Villas include 4 swimming pools and an association office on premises.
Vacant Land
200 Hanai Ln
$3M (FS)
A rare opportunity to own a piece of Old Hawaii. Kalehua O Makena, which consists of a low density 8 lot private enclave is steeped in ancient Hawaiian history. Makena, once home to one of the largest Hawaiian settlements still provides remnants of days gone by with ancient lava rock walls that border the property.
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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