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Aloha ,
Market Update
The economists at Realtor magazine say the next three months will be the best time to buy. The seasonal transition is favoring buyers.
Mortgage rates are still at all time lows, below 4%. Homes are lingering on the market longer at a median of 80 days, a 7% increase from August. Home prices are declining 1% month over month from August.
There is less buying competition, mortgage applications dropped 6.7%. The biggest challenge buyers may have is a limited selection as the inventory has already peaked for 2015.
Have a wonderful week,
Lindsey for The Smith Team
Ken, Melissa and Lindsey
P.S. - Hawaiian Electric proposed a community based renewable energy program where customers who cannot or will not have residential solar systems can benefit from community solar systems to offset their electric bills and support clean energy for the state.
Melissa Smith R (B), Ken Smith R (S)
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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507 (248)
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233 (28)
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1046 (190)
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-4 |
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Condos
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726 (163)
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192 (17)
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1199 (163)
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-16
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Land
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351 (132)
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39 (9)
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146 (21)
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-5 |
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Total
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1584 (543)
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464 (54)
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2391 (374)
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-25 |
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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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280 Wekiu Place
Kaanapali
$2.496M (FS) |
Developer's Front Line Corner Choice . Must see the magnificent Ocean and Bi-island views and upgrades in this beautifully located, front line Summit Phase I home. The reverse “D” floor plan offers the Living area half bath, and Master Suite on the first floor, with 4 bedrooms 2 baths and a den on the lower level.
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126 Hoomaikai Place
Kula
$2.595M (FS) |
Spectacular sunsets, 10 acres of privacy, pleasant climate and easy access to town make this lower Kula estate an ideal up-country home. The 3897 sq. ft. single level residence features 9ft and 14 ft ceilings, open floor plan and panoramic, bi-coastal views from entry, living, dining, kitchen, nook, and family rooms.
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3051 Omaopio Road
Kula
$2.995M (FS) |
Behold breathtaking bi-coastal ocean views from this 4,410 sf home on 5 acres of prime Kula agricultural land. A spectacular palm-tree lined driveway sets a magical scene for this special Maui property. Enter the home on the upper level, which boasts incredible cathedral ceilings.
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230 Haniu Street
Lahaina
$3.995M (FS) |
Beautiful front row quality built home situated on 8.5 acres, with panoramic views of three islands. 3,675 square feet interior with 1,147 square feet additional Polynesian style covered lanai area, a 330 square foot detached pool house, and a detached three car garage, all built with high end finishes.
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1840 Hana Highway
Hana
$4.6M (FS) |
This property offering is comprised of over 148 acres, two wonderful island style homes and quality, reliable infrastructure serving the homes and property. It is conveniently situated along Hana Highway. This property presents the possibility to be a responsible and valued steward of precious Hawaiian lands.
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Homes Under $1M
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225 Puumakani Street
Kahului
$499.9K (FS)
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Bank Owned - Wonderful opportunity to own in the Greens at Maui Lani at 225 Puumakani St. Kahului, HI 96732. This home has a good elevated location which may allow some glimpse of the ocean and Haleakala with blue rock retaining walls and good landscaping.
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2662 Kalialani Circle
Pukalani
$509.9K (FS) |
Bank Owned -Wishing Won't Cut It but calling us to see this 3 bed 2 bath home located in the Pukalani Terrace and Country Club Estates subdivision will... Of course, there is golfing, shopping, schools, etc nearby. This contemporary home offers 3 levels of living areas.
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40 Kapalaia Place
Wailuku
$559K (FS) |
Price Reduced - Clean 3 bed 2bath in great neighborhood of Ohia at Kehalani. Private perimeter lot in a cul de sac. Ready for move in. No work or fixing up required. Single level floor plan is convenient for young and elderly family members.
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560 Mikioi Place
Maui Meadows
$895K (FS) |
Enjoy a park setting hidden away in Maui Meadows. If you like to be off the beaten path, this flag lot at the end of a cul de sac, offers the extra privacy you’re looking for. Feel the tradewinds in this comfortable 3 bed 2bath, two story home that offers possibilities for expansion.
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Vacation Condos Over $1M
Honua Kai - Hoku Lani #SR710
Kaanapali
$1.45M (FS) |
With one of the premier locations and view corridors of any 2 bedroom condo at the luxury resort, Hokulani 710 offers one of the strongest value propositions in the West Maui real estate market. Enjoy ocean views from every room of this high-end condo - Lanai and Black Rock form the perfect background for whale watching with sweeping views of the Pacific.
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Montage Residences #5202
Kapalua
$3.725M (FS) |
Call Montage Residences Kapalua Bay Home! An incredible opportunity to own a luxurious home overlooking the world famous Kapalua Bay within Kapalua Resort. This spacious 3 bedroom, 3 and 1/2 bath home is being sold fully furnished.
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Vacation Condos Under $1M
Aina Nalu #B204
Lahaina
$377K (FS) |
Aina Nalu is one of the hottest properties on Maui and this is the most aggressively priced condo at Aina Nalu and one of the best buys on Maui. Why is it so hot! This 2 bedroom, 2 bathroom condo shows like new with its designer décor including stone tile floors, granite counters, cherry wood cabinets and oversized bathrooms.
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Kamaole Sands #5-414
Kihei
$569K (FS) |
Stunning ocean view penthouse with dramatic views of the entire central courtyard. From your downstairs bedroom a magnificent view of Haleakala. 2 Bedroom 2 Bath beautifully updated condo. Gourmet kitchen with black granite counter tops, upgraded appliances and full size wine closet.
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Maui Kamaole #M-209
Kihei
$575K (FS) |
Maui Kamaole's Best 2 Bedroom Value at this premiere first class low-density resort condominium. There are 23 beautifully landscaped tropical acres, two large swimming pools, Jacuzzis and tennis courts. Famous Kamaole Beach III is across the street. This 2-bedroom, 2-bath upstairs unit on two levels is located in the newest section of Maui Kamaole.
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Hale Pau Hana #17
Kihei
$849K (FS) |
Unbelievable opportunity to purchase an upper level, direct beachfront unit in the beachfront Hale Pau Hana located on Kamaole II beach in South Maui! This boutique complex and rare offering is being offered at an incredible value. Residing on one of South Maui’s finest beaches.
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Honua Kai Hoku Lani #618
Kaanapali
$849K (FS) |
Live and love the Ka'anapali resort life at its newest and finest beachfront resort, The Honua Kai Resort and Spa. Hokulani #618 is an immaculately kept 1 bedroom residence at Honua Kai, it has an ideal floorplan, beautifully contrasting mountain and ocean views, and generates excellent short term rental income.
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Residential Condos
Opukea at Lahaina #F106
Lahaina
$486,145K (FS) |
This is a brand New Condominium 2 bedroom/ 2 bath In opukea by DR Horton- Schuler Homes. Located in the heart of Lahaina, Maui! Walking distance to shopping, beaches, and dining.
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Milo Court at Kehalani #80
Wailuku
$499.9K (FS) |
Great Location, Great Price and Great Home. Come and take a look at this 3 Bedroom, 2.5 Bathroom located in the prestigious Kehalani area. Duplex style home located in Milo Court at Kehalani in Wailuku. Front yard is landscaped with irrigation system. Backyard is privately fenced & has views of the West Maui mountains.
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Vacant Land
485 Calasa Road
Kula
$1.295M (FS) |
You will experience Expansive, Panoramic, Unobstructable, Ocean & Outer Island Views from this 11.69 acres of gently sloping hillside.The view corridor is from Molokini Crater, across the Central Valley, & along Maui's N. Shore. At an elevation of approx. 2350 ft. this location, a minute or so below the Kula Highway, offers one of Maui's favored climates.
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