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Aloha
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In this newsletter:
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Maui's Top Destination Resorts
Wailea Beach Villas K-208
Wailea
$8.495M (FS)
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December Market Report 2023
Maui's real estate market closed out the year on a high note as total sales and new listings experienced a noticeable lift in December. As anticipated, declining mortgage interest rates are stimulating activity across the island, which is likely to continue and build throughout the first half of 2024.
SINGLE-FAMILY HOME TRANSACTIONS
Single-family homes on Maui ended the year with a median sales price of $1,200,000, with 67% of homes sold above the $1 million mark in December. With new listings (80) outpacing total sales (55), a critical surplus of inventory for sale is being added to the overall market, but much more is needed as days on market held steady and homes sold above asking price increased, indicating a continuation of strong buyer demand. Most notably, Wailuku was the only area to have double-digit sales totaling 20, a 122% year-over-year increase.
CONDOMINIUM TRANSACTIONS
All eyes should be on Maui’s condo market, as a sudden spike in sales and new listings in December may set the tone for the first quarter of 2024. With increased inventory, it will be interesting to observe how prices, buyers, and sellers react. Excessive inventory may lead to a decline in prices. However, pent-up buyer demand and decreasing mortgage rates are likely to maintain prices near recent highs. Leading the way for the condo market last month was the new Wailea condo, La'i Loa, which recorded 11 sales at a median price of $2.45M.
Mahalo Nui Loa,
Ken Smith R(S), Melissa Smith R(B), Gregory Smith R(B)
The Smith Team
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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217 (183)
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137 (96)
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733 (468)
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-4 |
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Condos
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374 (220)
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150 (84)
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971 (336)
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+2 |
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Land
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133 (61)
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26 (7)
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164 (57)
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+2 |
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Total
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724 (464)
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313 (187)
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1868 (861)
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0 |
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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 the number of active listings from the previous week.
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Homes Over $1M
2817 Panepoo Street
Kihei
$1.699M (FS) |
This split-level home was designed to enjoy indoor/outdoor living and to take in those year round Maui sunsets. High ceilings, and open floor plan create an idyllic setting. Paired with tons of windows, freshly done vinyl flooring and fresh paint, this home truly shines. This home has a large yard (room for a pool!) with plenty of fruit trees and flowers. This home has an oversized two car garage and plenty of parking.
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135 Keoneloa Street
Wailuku
(Best Buy)
$1.995M (FS) |
From sunrise to sunset, this private oasis in Central Maui delivers. Expansive ocean, Haleakala, and West Maui mountain views compliment the lush greenbelt bordering this fully-fenced property. Just inside the grand entry staircase is an open-plan great room with soaring vaulted ceilings. The spacious kitchen perfect for entertaining has ample counter space and a walk-in pantry.
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951 Kokomo Road
Haiku
$1.899M (FS) |
This home and ohana are conveniently located near Haiku Town Center with ocean views and cool breezes. An easy walkable location to the post office, dining, food trucks, yoga, shopping, and a top-of-the-line gym. The main house has been updated by the current owners to reflect a cool, restful interior, featuring an impressive private master bedroom suite. All window treatments with Bali shades to match.
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315 Mauli Street
Kaanapali
$2.69M (FS) |
Introducing "315 Mauli Street" where quality craftsmanship, thoughtful design and mature landscaping form a perfect combination of privacy and luxury living. From the grand portico entrance to the chef inspired kitchen with ocean views overlooking the pool and lanai, this is the impeccably maintained West Maui home you've been waiting for.
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40 Awaiku Street
Launiupoko
$3.29M (FS) |
This spacious 4 bedroom, 3.5 bathroom home boasts panoramic views of the ocean, neighboring islands, and the West Maui mountains. Nestled on just over an acre in the foothills, the residence offers 3,564 sq. ft. of living space, including a loft. Its bright and open floor plan, perfect for entertaining, is complemented by a wraparound covered lanai.
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Homes Under $1M
280 Moike Place
Kahului
$850K (FS) |
This charming home has ocean or mountain views from almost every room. The home has 2 bedrooms and 1 bath with a small, cozy loft above one of the bedrooms. The carport laundry room features a large two compartment sanitary sink and a lavatory. The majority of the spacious lot has been "zero-scaped" for easy maintenance.
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742 Kekona Place
Makawao
$875K (FS) |
Enjoy living on a quiet cul-de-sac, with a community feel neighborhood, and close proximity to Makawao’s yearly parade, rodeo, schools, restaurants, pubs and shops. Spacious home with 3 bedrooms, 2 upgraded bathrooms, vinyl plank flooring, and a jacuzzi for those cool winter nights. Large 2 car garage for all your projects, and a big porch to enjoy the fresh country air and colorful sunsets.
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916 Maile Street
Haliimaile
$899K (FS) |
Welcome to this super cute 3 bedroom 1 bathroom home, nestled in the quaint community of Hali’imaile in beautiful upcountry Maui! It features high vaulted ceilings, with a spacious open floor plan, abundant room for relaxation and entertainment. The house had a 100% complete renovation in 2006 going from single wall construction to double wall.
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496 Liholiho Street
Wailuku
$900K (FS) |
Quaint home in Wailuku with a great view of the Kahului coast and Haleakala. Central location near hospitals, schools and grocery stores. Approximately 10 minutes from the airport. The house was a 3 bedroom but was converted into 2 bedrooms so the Master bedroom is very spacious. 2 car open carport available for parking.
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Vacation Condos Over $1M
Menehune Shores 102
Kihei
$1.295M (FS)
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Spectacular ground level oceanfront. Arguably one of the most sought after OceanFront complexes in North Kihei. With minimal steps to entry, no stairs or elevators to contend with and the ability to stroll straight out from your private lanai to sandy Kalepolepo beach, it's easy to see why this fully turn-key condo is such a great value.
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Kaanapali Plantation 17
Kaanapali
$1.3M (FS)
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This unit boasts beautiful ocean and bi-island views, and could serve a family as a lovely principal residence, or be used for rentals, at this time. These well designed units were built originally as 2 bedroom 2.5 bath, with an accordion wall in the large back room, which can be used to divide them into into 2 separate bedrooms. The trustee had the trees in front of the unit removed, in order to maximize the vistas and light.
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Maalaea Kai 414
Maalaea
$1.425M (FS)
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A rare two-story floor plan. The bottom level has a large lanai with unobstructed view of the ocean of Maalaea Bay, where you can enjoy seasonal whale watching from your private lanai. In the living room, enjoy cozy seating area overlooking the ocean. The kitchen has all stainless steel appliances. This condo is offered fully furnished.
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Wailea Ekahi 39-D
Wailea
$1.848M (FS)
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This is an incomparable remodel with innumerable upgrades, making it one of the finest units. This fully furnished, turnkey upstairs corner unit was renovated with a stunning Balinese theme. The walls are velvet textured Italian plaster, the high vaulted ceilings feature finishes with natural lauhala trimmed.
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Wailea Elua A-201
Wailea
$3.999M (FS)
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A luxurious haven on Maui's coveted coastline. This exquisite first-level residence boasts a captivating blend of elegance and comfort, featuring two bedrooms, two bathrooms, and breathtaking ocean views. As you step inside, you’ll notice the travertine flooring throughout, privacy, and open layout. Fully furnished, this residence invites you to unwind in style.
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Vacation Condos Under $1M
Kihei Bay Surf D-242
Kihei
$569K (FS) |
Beautifully renovated 2nd floor studio residence that is impeccably maintained.This complex has many amenities including an in-ground swimming pool, hot tub, shared laundry, updated tennis courts and a BBQ area.This unit is fully furnished and ready to use as a short term rental or move in ready residence.
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Kihei Bay Vista D-111
Kihei
$659K (FS) |
Situated across the street from the Humpback Whale Santcuary and the white sandy beach of Kalepolepo where kite boarders rig-up in the afternoon for some fun on the water, the sea turtles gathere, and gloroius sunsets can be experienced year round. A popular vacation rental unit with an in-ground pool, hot tub, and BBQ.
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Kihei Alii Kai A-105
Kihei
$825K (FS) |
This ground floor, private condo boasts a generous 1-bedroom layout, ideal for vacation rental and personal use. The hidden Murphy bed is ready for those needing additional sleeping options and upgrades throughout the condo make it a comfortable stay for all. Recently added amenities include a brand-new Pickleball court and Shuffleboard area.
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Kahana Villa F-603
Kahana
$988K (FS) |
This spacious two bedroom, two bath condominium has unobstructed ocean views but is just across the Lower Road from the ocean so there is minimal concern regarding seashore erosion. This is a two story unit, with the living area on the entry level and both bedrooms and baths on the second level. Looking due west to the channel between Lanai and Molokai, as an owner you can enjoy sunsets all year long and whales in season.
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Residential Condos Over $1M
Wailea Palms 2804
Wailea
$2.45M (FS)
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This is the spot you choose. Rarely available, this largest floor plan in Wailea Palms offers 2 bed 2.5 bath, 1699 SF plus breathtaking ocean and outer island views from all living areas, bedrooms, and lanais. Beautiful updates include handsome hardwood flooring plus custom wood cabinetry.
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Residential Condos Under $1M
Puuone Gardens 223
Wailuku
$299K (FS)
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Charming second-floor condominium that embodies the perfect blend of comfort and convenience. This 1 bedroom, 1 bathroom residence is strategically located near schools, parks, shopping malls and more. As you step into Residence 23, you'll be greeted by an inviting single-level layout that maximizes space and functionality.
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 Kamoa Views 110
Kihei
$595K (FS)
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The unit has been remodeled and is tastefully appointed for those with discerning tastes. There is rich oak cabinetry in both the kitchen and bathroom, waterproof vinyl plank flooring throughout, modern faucet and lighting fixtures and an over-sized terrace for enjoying morning coffee and evening relaxation. This unit presents fully furnished and is turn-key ready.
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Kalama Townhouses 3
Kihei
$679K (FS)
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This cute Townhome in South Kihei is for you. The fenced patio area is a private and a perfect area to relax, read, have your meals or a snack. Your very convenient parking space is located across from the front door. Features include split AC system, freshly painted walls, upgraded windows and a newly remodeled bathroom with walk-in shower welcome you in this townhome.
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Vacant Land
 1464 Halama StreetKihei
$4.79M (FS)
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Build your Maui dream home on a year round sandy beach located along one of South Maui's best beaches . The Halama/Kapu beach area is one of the least populated beaches in all of south Maui. Stroll for miles on the small surf break beach, or enjoy a short walk to shopping, coffee, and restaurants. Located on the north end of world famous Halama Street (the dead end portion) that has very little traffic.
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