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Aloha
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In this newsletter:
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Stunning Keawakapu Beachfront Estate
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Market Update
There can certainly be no dispute that we are living in strange times. The Covid-19 Pandemic, widespread unemployment, police brutality followed by rioting, and yet the stock market is almost back to new highs and real estate prices are not falling.
Of course, the reaction from both the stock market and the real estate market may not be that surprising given the massive stimulus from the government, and pent up demand for housing while the inventories are shrinking.
Here in Hawaii, we have so far been immune to the violence we have all witnessed across the country. Yesterday and today there were a small group of people protesting peacefully here on Maui. What we have not been immune to though is the effect on our economy which is especially true on Maui which is about 70% dependent on tourism.
The tourism market has really dried up since the 14 Day Quarantine rule has been in effect. Governor Ige announced a few days ago that he intends to extend that quarantine to visitors coming to our Islands past the June 30th deadline previously in effect. He has not said how long he will extend it.
Maui is slowly getting back to some semblance of normalcy with most retail stores, restaurants, and services available for business. My gym is still closed as well as theatres. Looking forward to being able to eat inside a restaurant again while still following the rules the county has set forth with regards to Covid-19.
I am reminded of the saying, this too shall pass. The big question is how long it will take, and what will the real estate market and our economy look like in a year or two from now. One interesting article that gives a cause for concern is the possible exodus of a significant segment of the population from Maui to the mainland. Read more on what UH economists are predicting by 2022.
We certainly hope that some of these dire predictions prove to be wrong. Time will tell. Stay well and be safe.
A peaceful Paddle Out for George Floyd was held on Sunday. #RIL Aloha
Mahalo Nui Loa,
Ken Smith R(S), Melissa Smith R(B), and Gregory P Smith R(B)
The Smith Team
P.S. - For a list of special deals for Island residents in Maui County, visit www.kamaainafirst.com. You will find a wide variety of kama'aina deals on accommodations, activities, services, products, and restaurants. Help support our local community!
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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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410 (230)
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166 (31)
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1054 (297)
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0 |
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Condos
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562 (141)
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149 (45)
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1487 (236)
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+15 |
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Land
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290 (82)
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43 (18)
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158 (21)
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-2 |
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Total
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1262 (453)
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358 (94)
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2699 (554)
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+13 |
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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.
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Homes Over $1M
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18 Pihaa Street
Kaanapali
$1.445M (FS)
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This incredible 3 bedroom 3.5 bath home is a must see! Located in the sought after Kaanapali Hillside subdivision in the ideal, accessible location is close to the popular community park. Dining, golf, pristine beaches and all of the best activities that make Kaanapali a world class resort are just minutes away.
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474 Mikioi Place
Maui Meadows
$1.799M (FS)
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This Maui Meadows property is an absolute treasure. Located on a large lot, the main house is a pole home and is at the top of the property. It has inspiring ocean views, vaulted ceilings, lots of natural wood, stone, granite and tile. You will notice the fine craftsmanship from the minute you walk through the hand built mahogony entry door.
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1440 Halama Street
Kihei
$6.45M (FS)
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Extremely rare Maui beachfront home and ohana. The current zoning law allows the home to be used as a grandfathered vacation rental. No permit is required, which very few exist. The 2480 square foot remodeled home has a pool with ocean views, is located right on a sandy beach, and enjoys 4 bedrooms and 3.5 baths.
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Homes Under $1M
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71 Miner Place
Makawao
$519.5K (FS)
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An affordable opportunity to own Upcountry! Come see this charming 2 bedroom, 2 bath home in the heart of Makawao. Perched on a large sloping lawn this home offers it’s owner sweeping views of the North Shore, Kahakuloa and Molokai. The location could hardly be more convenient as it is only a short walk to Eddie Tam Memorial Park, Makawao library and Makawao town. The home features a 2-car carport with a laundry room and bonus storage room.
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29 Kuapapa Place
Kihei
$580K (FS)
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Artistic single-level 3 bedroom, 2 bath home in quiet cul-de-sac off Lipoa in bustling Central Kihei. It sits within walking distance of the ocean, markets and commerce of all kinds. Master bedroom has separate entrance, full bath and small kitchen space. High beamed ceilings in large living room; large kitchen has granite countertops and pass-through window to huge screened-in back lanai.
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4500 Hana Highway
Haiku
$637.9K (FS)
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Bank owned - Beautiful Haiku, ocean view, 2.13 acres for you to develop that farm you've been dreaming about. Farm house included with a 2 bedroom, 1 bath home. Create your own compound and build your main house, create a Tilapia farm, grow veggies, tropical flowers and fruit trees.
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23 Mauds Place
Kula
$722K (FS)
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Bank owned - Best value in Kula! So much potential for this fixer upper. Main house, semi-attached guest room above the garage, huge workshop with 3 phase 440 power. There is also a 1700 sq. ft. studio. All this on over 2 acres.
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Vacation Condos Over $1M
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Kaanapali Alii #1-1003
Kaanapali
$2.875M (FS)
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Sweeping ocean views from this tenth floor location. You can see world famous Kaanapali beach towards Black Rock and the majestic island of Molokai. This is the largest floor plan at this luxury beach resort, the Kaanapali Alii. Unit 1-1003 is a 2 bedroom, 2 bathroom plus a den that can be enclosed with plantation style shutters to offer a third sleeping area.
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Kaanapali Shores #601
Kaanapali
$2.25M (FS)
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Kaanapali Shores 601 offers incredible wide open and unobstructed views from inside and outside. The sunsets are beautiful and whale watching from the 6th floor is incredible. This villa offers approx. 2,000 square feet of usable space including the lanai. With its corner location, the large living room is surrounded by glass sliders so you have a great view from anywhere in the living room, dining area or kitchen.
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Whaler #1170
Kaanapali
$1.449M (FS)
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Desirable inner courtyard location at The Whaler! Condominium unit 1170 boasts a spectacular location on the 11th floor of Tower II and provides stunning ocean views including the tip of iconic Black Rock. This unit was upgraded in 2015 and is beautifully appointed with a gourmet kitchen, stylish bathrooms, and tastefully decorated to include a twin size wall bed and pull out couch in the living area.
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Vacation Condos Under $1M
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Kihei Alii Kai A-107
Kihei
$399K (FS)
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Make this spacious 1 bedroom at Kihei Alii Kai your home, right across the street from Kam II beach. Walk to shopping, dining and leisure activities. Exceptional privacy from cool ground floor location. Large garden view lanai opens to green space lush with fragrant plumeria tree. Sold fully furnished and turnkey. Complex amenities include pool, spa, sauna, outdoor BBQ and sports court.
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Kulakane #106
Honokawai
$435K (FS)
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Charming direct oceanfront one-bedroom condominium at The Kulakane, located just north of Kaanapali, near the Farmer’s Market and shopping in Honokowai. Spend your day at any of the area’s finest white sandy beaches, on world-class golf courses, area hiking trails, or exploring historic Lahaina town, just five miles away.
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Maalaea Kai #215
Maalaea
$598K (FS)
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Rare opportunity to own this desirable 1 bedroom, 1 bath condo at Maalaea Kai. A sense of joy will embrace you from the moment you walk into this joyful condo, and be mesmerized by the amazing views that await you. This 546 sq. ft. unit is situated so close to the water's edge and in a prime location of the building.
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Grand Champions #24
Wailea
$740K (FS)
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You will be impressed with this recently renovated 2 bedroom villa at the Grand Champions in Wailea, just a block from the Shops at Wailea, and walking distance to white sand beaches, world-class golf, 5-star resorts, great restaurants and shopping. This unit has the lock-out feature, which allows the unit to be split into a 1 bedroom condo and a studio apartment, allowing for flexibility in use and rental options.
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Paki Maui #206
Honokowai
$736K (FS)
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Double oceanfront lanais with views from both the living room and master bedroom. Watch whales and dolphins, gorgeous Maui sunsets, and listen to the sounds of the ocean. Paki Maui is a concrete four-story building with elevators. Amenities include a pool, jacuzzi, BBQ area, plenty of parking, and onsite storage is available.
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Residential Condos Over $1M
La'i Loa #14B
Wailea
$1.53M (FS)
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This 2 bedroom residence features an open and airy floor plan. 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 counter-tops elevate each home to a sophisticated place. *This is a new development offering.
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Masters #1905
Kaanapali
$1.075M (FS)
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Masters at Ka'anapali Hillside unit 1905 boasts views of the islands of Lanai and Molokai with year-around sunsets as it peers down the picturesque 10th fairway of the Royal Kaanapali Golf Course. This corner unit has been recently upgraded for comfort of living. Some of the new finishes include new wood style tile flooring, select granite countertops w/custom backsplash in the kitchen and baths and new furniture throughout.
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Residential Condos Under $1M
Maalaea Mermaid #804
Maalaea
$339.5K (FS)
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Beautifully remodeled Maalaea Mermaid condo in the heart of Maalaea harbor! This is a non-vacation rental, fee simple building. VA Approved! Perfect for owner occupants or 2nd home. This is a bedroom, 1 bath unit with ocean views from the lanai. Upgrades include quartz kitchen counter top, maplewood cabinets with soft close drawers, recessed lighting, upgraded vanity in bathroom, porcelain tile in entry, kitchen, bathroom and hallway.
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Kahoma Village #4-103
Lahaina
$432,530 (FS)
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Come Home to Kahoma Village, a new West Maui community right off Historic Front Street. The Villas townhomes have 6 units in a building. Inside you will find kitchens with GE Appliances and quartzite countertops, and bathrooms with quartzite counter tops as well. Each unit has a fenced back yard and 2 assigned parking stalls. *This is a new development offering.
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Flats at Kamalani #1402
Kihei
$519.5K (FS)
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This ground floor end unit with mountain views from the dining room & lanai, has 3 bedrooms and 2 baths with 2 parking stalls. Upgrades include a mini split A/C system, gas dryer, gas stove/oven, stainless steel appliances, on demand water heater, fire sprinklers, full size washer/dryer, and a private lanai. Pet friendly property.
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46 Kaulele Place Lot #42
Kaanapali
$399K (FS)
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Quintessential home site, highly desired location. Over one third of an acre, this prime parcel opportunity offers Gorgeous Ocean, Molokai and Lanai views. Lanikeha a coveted gated neighborhood, showcasing a true Hawaiian experience, with luxury amenities. Featuring a stunning Infinity edge pool, hydro spa, ocean view fitness room. Luxurious Club house with entertainment room, game room and Butler’s kitchen.
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