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 937 February 16th, 2021


In this newsletter:

A Magical Estate
Beachfront in Kihei


860 S Kihei Rd
$6.4M (FS)

Customer Listing Synopsis

Video/Virtual Tour

Market Update

The Realtors Association of Maui has been keeping meticulous records of real property sales on the island since 1993, and in that time the median price for a single family home has continued to rise steadily year over year. During this current period of market recovery, the median price for a single family home has shot up significantly to $980,000. The median price for a single family home at the end of last year was still below $900,000 at $859,000. Low inventory combined with higher priced properties selling quickly in January is what likely caused the nearly 26% jump.

Sales in luxury areas have picked up in 2021, with one sale for $8.2M in Olowalu, six sales of homes in Wailea for over $4M, four sales in Spreckelsville/Paia for over $2M and two sales in Kapalua for $2.5M. When the Maui News interviewed Joe Hogin, RAM’s current President he said low inventory and high competition will continue to drive prices up, and that any units that come on the market are likely to sell quickly.

For a link to the full article, click here

Mahalo Nui Loa,

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

The Smith Team

P.S. The finishing touches are being put on the new AC Hotel by Marriot in Wailea which is set to open in April. The new hotel will feature 110 rooms, along with 12 suites in one of Maui’s most desirable areas. The 4-story hotel, which has been under construction for some time was delayed because of the COVID-19 pandemic. The General Manager Kaleo Kenui had this to say when asked about the project, “Ironically, this is a good time to open the new hotel. Instead of opening at full capacity, we can really take the time to safely engage with our guests, share with them our mana’o on how to respectfully vacation in our island home”.

The new Wailea hotel will feature a business center, a fitness area and an infinity-edge pool complete with a poolside tiki bar and cabanas. For more information along with digital renderings of the hotel, click here.

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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.

January 2021

Homes Over $1M

43 Mano Dr
$1,125,000 (FS)
This 4 bed, 2 bath home has a lot to offer! It is situated on a large lot in a great neighborhood that is easy to walk. The downstairs has a great living space perfect for a family or TV room with big glass sliders and lots of windows. The downstairs also has a separate laundry room, that heads out to the 2-car garage. The upstairs is really the showstopper, with soaring ceilings and huge walls of glass and french doors, it really is a charming and breathtaking space!
183 Uakoko Pl
$1,795,000 (FS)
Enjoy peace and tranquility in this established neighborhood across from beautiful Giggle Hill. The location is ideal as it is 5 minutes to Haiku Town and 10 minutes to Paia, Makawao and Pukalani. This is country living at its finest. The spacious Hawaiian style 3 bed, 2 bath home features over 2500 sf. of living area under one roof.
181 Pau Hana Rd
$2,495,000 (FS)
Welcome to the Pau Hana Estate. Idyllically positioned on two acres of pristine upcountry land above the Maui Gold Pineapple Fields, 181 Pau Hana Rd. boasts breathtaking bi-coastal ocean and West Maui Mountain views while offering the perfect blend of old growth trees, ornamental flowers & fruiting citrus.
388207-1 (2)
50 Oluolu Pl
$12M (FS)
This Estate is incomparable to any other Maui properties. Beauty surrounds you in your own private gated retreat. This grand estate includes a mansion with an accordion elevator that connects all three floors, an apartment located above the 3-car garage, a two-story gate/guest house, a single story caretakers cottage, and a pool pavilion with an over sized heated infinity pool and water features.  

Homes Under $1M

155 Tam Yau Pl
$435K (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. 
177 Kulalani Cir
$561,600 (FS)
Bank Owned - A wonderful opportunity to enjoy the cool Kula temperatures! This 2 bed, 1 bath home needs some TLC but has great potential. Features a large backyard.
69 Kupuna St

$663K (FS)
Bank Owned - A great opportunity to own a centrally located, 3 bed, 2 bath home in the heart of Kihei. With a little tender loving care, you can create a very private and special abode in a sought after, mature neighborhood near shopping, dining, and schools.
447 Liholiho St

$725K (FS)
This recently built home boasts beautiful ocean and mountain views, high ceilings and an open floor plan. Enjoy the sweeping views of the West Maui Mountains and the coast of Waiehu and Waihee towards Kahakuloa beyond. The large deck that wraps around the home is a great place to entertain or relax while enjoying the sunset view through Iao Valley.
 390345_Edit 2 
1064 Ehu Rd

$950K (FS)
Let your imagination run wild living on over 2.6 acres situated in Olinda Country Estates. The smell of Eucalyptus surrounds these 2 permitted homes with identical floor plans. Put the logs on the fire on those cool Olinda nights. Just minutes to Makawao for that last-minute run to the store.

Vacation Condos Over $1M

Kaanapali Alii #3-201

This is a rare opportunity to own an inner courtyard 1 bed, 2 bath, unit below $1.6M! Upgraded throughout with beautiful Hawaiian Koa Wood kitchen cabinets, and GE profile appliances. Enjoy wonderful lush garden views from the 2nd floor with a peek of the ocean too!
Honua Kai - Konea #250
If you know Honua Kai Resort, then you know the 50 stack in Konea is the most private and coveted oceanfront stack in the entire resort. Enjoy a quiet park area to the north with no one looking in at you. You can walk right down the stairs to the north end of the pools. Location is important in a city, but even more important in a large resort environment. 
Andaz Residences #E-2

Welcome to Wailea Beach Resort & Residences at Andaz. Constructed in 2013, these exclusive units feature impeccable floor plans with ensuite baths for each of the 3 beds. High volume ceilings and generous room sizes give the sense of openness and comfort that discerning buyers crave. Built in a separate building from the hotel, you can enjoy a level of convenience and service unparalleled on Maui.


Vacation Condos Under $1M

Maui Vista #2215

$424K (FS)
Ideally located in south Kihei, Maui Vista is a short walk away from the beautiful Kamaole beaches, Charley Young Beach, the Cove, and Kalama Beach Park. This condo has been updated and renovated with bamboo flooring throughout. The kitchen was renovated with a new dishwasher, fridge & stove in 2018, and a washer & dryer in 2016. In 2018, the owner renovated the bathroom, scraped the ceiling and repainted the entire condo.
Koa Resort #1B
$450K (FS)
Enjoy a brand new, brighter look on this rarely available, large, 1 bed, 1 bath condo at Koa Resort! Features include new water-resistant luxury vinyl flooring, a freshly painted interior & new granite counter tops in the kitchen. This beautiful unit features a very large lanai leading to the very well manicured grounds and the resort style pool and Jacuzzi.
Kapalua Bay Villas #38G3
$750K (FS)
Enjoy excellent value in this 1 bed, 1.5 bath, split-level sanctuary in prestigious Kapalua Bay Villas. Easy ground level access to a large outdoor green space creates a private outdoor escape while you look upon the neighboring island of Molokai. Wake up to breathtaking ocean views from the upstairs bedroom and lanai.
Mahina Surf #220

$765K (FS)
This is a great opportunity to own a beautifully updated 2 bed, 2 bath, oceanfront, piece of Maui paradise! Nightly rates and occupancy levels have been amazing since being completely remodeled in late 2014. As can be viewed in the pictures, the remodel added huge value in all areas including both bathrooms and the expansive kitchen.
Wailea Ekahi #50C

$849K (FS)
Found in the highly desired Wailea Ekahi III, this 1 bed, 1 bath turnkey vacation rental is waiting for you! With 792 sf. of living space and a pull out sofa, there's enough room to share your Maui experience with friends and family! With beautiful on site amenities such as 4 swimming pools to choose from, onsite grills, and a short walk to one of South Maui's top beaches, there's no going wrong with Wailea Ekahi.


Residential Condos Over $1M

Ke Alii Ocean Villas #A204

Welcome to Ke Alii Ocean Villas, a crown jewel in the heart of South Maui. This nicely remodeled 2 bed, 2 bath floor plan offers an excellent location with big ocean views from the lanai and master bedroom. The spacious kitchen and living area offer an incredible open feeling.
Wailea Fairway Villas #U103
Blending the best of island & coastal styles, paradise awaits you at this beach chic, 2 story townhome in the Wailea Fairway Villas. The expansive & open floor plan was completely renovated from top to bottom and professionally designed to be the perfect place to unwind after a day at the beach. The main level features soaring ceilings & a spacious great room. A sumptuous chef’s kitchen awaits you with a 10 ft. island - the perfect place to entertain family & friends.

Residential Condos Under $1M

Kahului Ikena #137

$339,500 (FS)
A fabulous 3rd floor, 2 bed, 2 bath, end unit with split AC throughout! This well priced, bright, and cheery unit features tile and laminate flooring, fresh paint and lovely natural light. Bring in the fresh air from the large outdoor lanai. There are 2 parking stalls assigned and Kahului Ikena is pet friendly and centrally located to the hospital, grocery stores, schools and shopping.
Kihei Shores #C005

$389K (FS)
A cute 2 bed, 2 bath Kihei condo across the street from the beautiful Kamaole Beach III and lush Peace Park. This is a ground floor unit that extends out to a quiet greenbelt. This unit stays cool all day due to the location-which is nice since Kihei can be very warm. 
Wailea Fairway Villas #E201

$835K (FS)
"Awesome" will be your response when you walk into this 2 bed, 2 bath, upper floor, end unit with 3 extra windows and panoramic ocean, outer island, and golf course views. A beautifully renovated condo that includes vaulted ceilings in the living room, remodeled bathrooms, planation shutters, solar blinds, fans, new paint, recessed LED lighting, newer split AC units and new flooring. 
Vacant Land
341 Piiholo Rd
$518K (FS)
Located walking distance from Makawao town on a private and serene Piiholo hillside, this is a beautiful, gently sloping lot with stunning North Shore and Haleakala views. This is spatial CPR unit A and has the allocation for a main house dwelling. Unit B is also available.
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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