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 997 April 13th, 2022


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 (3)
New Properties 

Price Reductions  

Short Sales
Homes (1)

New Properties

Price Reductions 



Andaz Residences E-4
$11.9M (FS)


Here's what NAR Chief Economist Lawrence Yun says with regards to the rise in inflation:
"Inflation continues to kick higher with an 8.5% consumer price rise in March.  Aggressive inflation will force the Federal Reserve to raise interest rates multiple rounds this year and actively pursue quantitative tightening. That is why mortgage rates recently have shot up so high. Higher mortgage rates will inevitably pull home sales down in the coming months and slow home price appreciation. My projection at the moment is for a 10% reduction in home sales this year and a 5% home price gain by the year's end."
What are your thoughts on what will happen this year?

To view 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. Have a wonderful Easter Sunday! The Easter Bunny will be visiting the Shops at Wailea on Friday, 4/15 from 11 a.m. to 1 p.m. Your kids will also be able to enjoy face painting, balloon animals, and a magic show. The Easter Bunny will also be hopping around Lahaina Cannery Mall on Saturday, 4/16 with an easter egg hunt starting at 10:15 a.m.

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Market Watch
166 (142)
218 (132)
1329 (706)
142 (80)
364 (164)
2293 (618)
104 (51)
 62 (15)
366 (112)
412 (273)
644 (311)
3988 (1436)
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

532 Komo Ohia
532 Komo Ohia Street
$1.35M (FS)
Breathtaking newly remodeled 4 bedroom, 2.5 bath single family home located on the mountainside of Wailuku in the master planned community, Ohia at Kehalani. As soon as you enter the main living area, you will see high ceilings with recessed lights and lots of windows to bring in the natural light.
95 Puu Hale St
95 Puu Hale Street
$2.6M (FS)
A Kaanapali Hillside residence that features a unique custom architectural pulverturm design. Precision engineered Acacia wood flooring upstairs and air conditioning unit are newly installed. Downstairs layout has the living room, kitchen, den, a full formal dining room and one Hawaiian themed bedroom. 
57 Wahelani Street

$3.6M (FS)
One of Upper Kula’s most desirable neighborhoods. Within the 5025 square feet of main home living space, there are four bedrooms and two stunning brand new baths on the main level. There’s an open chef’s kitchen with Black Forest granite countertops and slate finish appliances.

Homes Under $1M

704 Kauhikoa Road

$695K (FS)
Property is spectacular with 2.55 acres in a beautiful area of Haiku. Value is in the land and water meter. There will be no showings in the property and it is a drive by only, due to uncooperative tenant.

Customer Listing Synopsis
945 Hoomau St
945 Hoomau Street
$795K (FS)
Potential Short Sale. Here is your opportunity to own a beautiful and well-maintained home with panoramic ocean views and Haleakala views. Recently remodeled with a new roof, fully renovated kitchen, fence, garage door, and garage storage.
20 Papahi Loop
20 Papahi Loop
$995K (FS)
Now is your opportunity to own this four bedroom 2-story contemporary home located in the highly desired subdivision of The Legends at Maui Lani with views of Haleakala and West Maui mountain. From the moment you enter you will be drawn to the soaring high ceiling with high windows allowing the beautiful natural light to flow into this spacious great room.

Vacation Condos Over $1M

Kihei Surfside
Kihei Surfside 507

$1.075M (FS)
Gorgeous ocean views from this 5th floor oceanfront Kihei Surfside unit. 507 has been completely remodeled with porcelain tile floors, solid maple cabinetry with cherry stain and stainless steel Professional Series appliances.
Waiohuli Beach Hale
Waiohuli Beach Hale 211

$1.199M (FS)

Rare 2 bedroom, 2 bath unit in lovely Waiohuli Beach Hale, 2 story walk-up unit with fabulous views overlooking a beautiful lawn, gardens and coconut trees. Relax and unwind here. You'll find a gentle ocean breeze, maybe a nice trade wind and a quiet beach.

Customer Listing Synopsis

Maui Kamaole D-208

$1.25M (FS)
Great opportunity to purchase a beautifully renovated, turn-key, vacation rentable condo at Maui Kamaole. A prized Resort in South Maui located across from the Kihei Boat Harbor, adjacent to Kamaole Beach #3 and short walk from the famous Keawakapu Wailea Beach Walk. 
Kapalua Golf Villas
Kapalua Golf Villas 14P3-4
$1.75M (FS)
This unit features 2 master bedrooms with lock off unit that fully secures privacy when guest area is occupied. Follow the tile steps down to the main living area, where natural light pours in through massive floor-to-ceiling windows, captivating you and inviting you to the expansive private lanai with magnificent golf course setting.
Puamana 167-4
$2.295M (FS)
Puamana is a beautiful 2 bedroom, 2.5 bath townhome with direct ocean access. Hawaiian living awaits you and your family in this elevated corner location that was completely remodeled in 2016. From the moment you walk through the front door you will appreciate the thoughtful design and tasteful finishes. 
Montage Residences
Montage Residences 2206
$3.8M (FS)
Relax amidst the Tranquil Tropical ambiance of this exquisite Grand Residence. 3 substantially large ensuite master and guest master bedrooms, 3.5 spacious and luxurious baths, plus den, office, guest room, all moments from the mesmerizing Azure seas of Kapalua Bay. 

Vacation Condos Under $1M

Kauhale Makai 124

$760K (FS)
Step out on to the well maintained lawn which is only steps from the pool, jacuzzi, sauna, shuffleboard, putting green, barbecue and one of the best parking stalls in proximity to the unit.
Island SurfIsland Surf 315

$800K (FS)
This complex is conveniently located across the street of the ocean of Kalama Park with lots of shopping, restaurants, beach activity rentals, grocery stores, coffee shops, and Kihei's finest night life. This 2 bedroom, 2 bath unit begs for a beautiful remodel and is located on the third floor.
Koa Lagoon 302

$938K (FS)

On the south side of Koa Lagoon, an oceanfront experience like no other. Enjoy whales, sunsets, and all the white sandy beachfront has to offer. Featuring an inground pool and cabana area, outdoor watercraft storage, and and a lush lawn that borders onto the beach right of way.

Customer Listing Synopsis

Royal Kahana
Royal Kahana 1212

$995K (FS)
This 12th floor, direct oceanfront, 1 bedroom, 1 bathroom penthouse unit features stunning panoramic ocean views. Whale watch all winter long and enjoy year round sunsets from your lanai while looking at the islands of Molokai and Lanai.

Residential Condos Over $1M

Kanani Wailea
Kanani Wailea 23
$2.199M (FS)
Kanani is a great fit for someone who is seeking the privacy of residential living with the ease of maintenance that comes with residential condominium ownership. Unit #23 at Kanani is situated with a lot of privacy, is nicely upgraded with vinyl plank flooring, and a timeless beach feel.
Makalii at Wailea 103
$3.3M (FS)

This is an extraordinary opportunity to own at Wailea's most sought after newly built luxury community. This mid-century, modern oasis is truly special, and rarely offered for sale. As you walk in, the ocean views captivate your senses. The blue waters, and dramatic sunsets can be enjoyed through the floor to ceiling windows or rolled away for a seamless indoor outdoor design.

Customer Listing Synopsis

Residential Condos Under $1M

 Iao Parkside 
Iao Parkside 27-202

$435K (FS)
This 2nd floor 2 bedroom, 1 bath unit is on the smaller "pods"or phase of Iao Parkside and on the stream side of the building and not on the street side. Unit is in average clean condition just waiting for a new owner to possibly do a little painting, personal touches and upgrades to make it their home.
Kihei Villages 55-106

$549K (FS)

Ground floor Kihei Villages unit with private fenced yard. Excellent highway access and walking distance to the beach and park. This 2 bedroom, 1.5 bathroom is great rental potential or turn it into your home.

Customer Listing Synopsis

Leinani Apts 2
Leinani Apartments 308

$650K (FS)
A very quaint & quiet residential boutique complex of only 30 units, you will feel like Hawaiian royalty in this top floor, large 893 sf 2 bedroom, 2 full bath condo. With an extra-large West facing garden-view lanai, you have plenty of freedom to enjoy the fresh air, added privacy & cool temperatures while you bask in the Maui lifestyle you wish for.
Hale Kanani 3-101

$829K (FS)
A 3 bedroom, 2 bathroom fully remodeled ground floor corner unit. Throughout the unit are new luxury vinyl plank flooring, new appliances and new central Lennox HVAC system which all come with warranties. 
Vacant Land
805 Kukia Place Lot A
$489K (FS)

It is situated at the top of a cul-de-sac, nestled in a quiet, well-established neighborhood. It is a short drive to upcountry amenities, including Maui's premier schools, grocery stores, farmers' markets, winery, botanical gardens, and restaurants.

Customer Listing Synopsis

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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