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
About Maui Our Listings Property Search Rentals Blog Contact Us
 
Issue 1009 July 6th, 2022
 

Aloha


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 (4)
Condos (2)
Land
New Properties 
Price Reductions  

Short Sales
Homes  

Condos 
Land
New Properties

Price Reductions 

 
The Luxury Villa 

 Feature 

Wailea Beach Villas G-301
Wailea
$12.75M (FS)

 

MAUI JUNE MARKET REPORT

 

Despite the recent slowdown in sales, the median prices for homes and condos continue to rise on Maui at $1.255M for single-family homes and $832.500 for condos. Land prices are up over 50% and across the board the number of days on market is less than last year. You can check out the complete monthly market report including luxury sales data from Coldwell Banker Island Properties. 

 

While there has been a slight uptick in inventory and increase in recent price reductions it’s unclear whether the market advantage will remain with sellers or slowly shift towards buyers. The shock factor of recent rate hikes seems to be receding somewhat as people adapt to current interest rates which are still very low when adjusted for inflation. What do you think?

 

Mahalo Nui Loa,

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

The Smith Team

 

P.S. We hope you had a safe and enjoyable 4th of July weekend. Here’s a video of the Lahaina fireworks show taken from the beach with the soothing sounds of lapping waves.

Follow Us
facebook twitterlinked-round-flat   instagram-logo-icon-vector-29228004 (2)   
Market Watch
 
Active
Pending
Sold
Change
Homes
245 (204)
184 (93)
1256 (699)
-3
Condos
215 (106)
244 (121)
2025 (599)
+6
Land
105 (53)
 45 (11)
293 (97)
+2
Total
565 (363)
473 (225)
3574(1395)
+5
 
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

 752 Awalau Rd 
752 Awalau Road 
Haiku
$1.179M (FS)
At the top of beautiful Awalau Road. Views of deep blue ocean and Haleakala Crater surround this lovely home recently built in 2020. Boasting 3 bedrooms and 2 full bathrooms, this home provides spacious laid back living in a gorgeous setting. As you enter you are greeted with rich engineered hardwood floors throughout the living area.
 
61 Kapuai St
61 Kapuai Street
Haiku
$1.675M (FS)
The ease and country feel of the 2 plus acre property deliver all one needs on the North Shore. Located moments above Jaws country Store, this property offers two airy and chic dwellings. The main house has an open concept living room, and kitchen, equipped with four bedrooms and ample lanai space for seamless indoor-outdoor activities. 
 
370 Pualoa Nani
370 Pualoa Nani Place
Wailea

$2.7M (FS)
Beautiful single level 4 bedroom 3 bath home in the gated community of Wailea Pualani Estates. This is minutes from all the conveniences that Wailea and South Maui have to offer, including the pristine beaches, world-class resorts, golf courses, tennis clubs, fine dining, and luxury shops.
 
711 Kumulani Dr
711 Kumulani Drive 
Wailea

$2.8M (FS)
Boasting on the slopes of the ever so sought after Maui Meadows, sits this ocean view retreat. Is a large airy home that was tastefully remodeled in 2021 and offers high open beam wood ceilings, brand new stainless steel appliances, stone countertops and luxury vinyl flooring. As you walk in the home, the deep blue pacific ocean captures your senses, and makes you never want to look away. 
 
207 Kealakai
207 Kealakai Place
Paia

$11.75M (FS)
This North Shore Maui oceanfront oasis sits next to famous Baby Beach near the Maui Country Club. Surf the break right in front of the main house and enjoy magical sunrise to sunset ocean views from walls of glass and extraordinary lanais. This exquisite property seamlessly integrates chic contemporary elements and traditional Hawaiian architecture.
 

Homes Under $1M

872 Paniolo
872 Paniolo Place 
Makawao
$775K (FS)
There is construction material at the home ready to help you start the repairs. There are two huge rooms that could be whatever you want them to be along with two bathrooms. Much more than meets the eye.

 
 917 Hoomau St 
917 Hoomau Street
Wailuku

$799K (FS)
Pendant and recessed lighting accent this gorgeous home. Bathrooms were redone by a previous owner and are quite inviting including a cement tub. Move in and relax in your lush Maui ocean view tropical paradise. Enter through upgraded front door with beveled & opaque glass. Chef's kitchen features stainless steel appliances, Maytag dishwasher.
 
753 Pauoa St
753 Pauoa Street
Lahaina

$899K (FS)
This spacious HT home with family room, lanai & storage shed is located in the Paunau Terrace Subdivision and across the street from Pau Nau Park. Conveniently located near schools, shops & businesses with easy access to the Lahaina Bypass Road. The 6,151 sf corner lot is enclosed with tile walls. There’s a wooden covering built for a boat and the exterior was just painted.
 
  5340 LOWER  
5340 Lower Kula Road
Kula

$945K (FS)
This sweet cottage, with amazing views of Maui's South Shore from the lanai, is on a fully fenced, gated almost half acre lot filled with a variety of fruit trees including Japanese pear, apple, orange, tangerine, guava, and bananas. There's even a chicken coop and a kennel for those hunting dogs. Cottage was lovingly remodeled in 2016 with an upgraded kitchen and bath.
 
137 Mahola St
137 Mahola Street
Makawao

$997K (FS)
The house is a 4 bedroom, 2 full bath one level with attached carport. The separate cottage has 1 bedroom 1 bath. The yard has room to garden. Great convenient Makawao location, across of Eddie Tam gym. Within walking distance of post office, public transportation, and Makawao town. 
 

Vacation Condos Over $1M

 Luana Kai 
Luana Kai B-208
Kihei

$1.1M (FS)
A generous 2 bed, 2 bath oceanfront vacation rental condominium, with an ocean view from the lanai. This fully furnished and turnkey unit has a classic Hawaiian feel with its Koa wood kitchen and bathroom cabinets, trim and shutters. In the kitchen, we have granite countertops with African state tile accents and flooring.
 
Maui Kai
Maui Kai 904
Kaanapali
$1.1M (FS)
Fantastic turn key short term rental condo that will take your breath away. As you enter, you are greeted by a spectacular Ocean and Island views that makes you feel as if you were on a private cruise ship and offers amazing privacy. The kitchen upgrades include stainless appliances and granite countertops with a generous back splash. The bathroom ceiling was updated as well. 

Customer Listing Synopsis

kamaole
Kamaole Nalu 504 
Kihei
$1.199M (LH)

This is a gorgeous, remodeled 2 bedroom, 2 bath, ocean view condo at Kamaole Nalu. Premium upgrades throughout the unit, including wooden cabinets, granite countertops, stainless steel appliances, and every possible amenity. Tiled lanai Loaded with every possible amenity.

Customer Listing Synopsis
 

Menehune Shores
    Menehune Shores 204
Kihei
$1.23M (FS)
Tastefully decorated and remodeled. This unit has beautiful ocean views. Newer appliances, A/C and furnishings. Is in a very active on-site management program. This complex features a rooftop dining entertaining area with 360 degrees ocean & Haleakala Views. Beautifully maintained grounds, ocean front pool & BBQ's.
Kamaole Sands
 Kamaole Sands 6-110
Kihei
$1.695M (FS)
Spectacular and very rare 3 bedroom, 2 bath, ground-floor, end-unit nestled in the tropical gardens of Kamaole Sands. This beautiful unit is being sold furnished, excluding the artwork, two decorative headboards, and the contents of the owners' closet. A popular vacation rental destination, is right across the street from a great beach Kamaole Beach Park III, and is close to restaurants, shopping, and many water activities.
 
Royal
 Royal Mauian 216
Kihei
$1.795M (FS)
A rocky point surrounded by incredible beaches, including popular Kamaole Beach Park. Complete with rooftop BBQ, this direct oceanfront 2 bedroom, second-story location near the pool enjoys stunning, panoramic ocean views. This is a one-of-a-kind perfect location is nestled in the heart of Kihei moments away from excellent restaurants, shops, and all the other conveniences you would want.
 
Wailea Point
Wailea Point 904
Wailea
$6.5M (FS)
Unit is situated just above the shoreline overlooking Wailea Beach with whitewater views, the South Maui coastline, and the stunning West Maui Mountains. The best way to enjoy Wailea's sunny weather is with indoor-outdoor living and this unit has an excellent mix of the two. One of only 8 units with this amazing view from the upstairs.
 

Vacation Condos Under $1M

Kaanapali
Kaanapali Shores 905
Kaanapali

$675K (LH)
A 1 bed, 1 bath unit, features magnificent ocean views from the living room, kitchen and bedroom. The bright and spacious living area opens to a private lanai with an expansive ocean view. Enjoy listening to the tropical birds each morning with your cup of coffee and watching the sun set with its brilliant array of colors each evening.
Valley Isle Resort
Valley Isle Resort 410-B
Kahana

$795K (FS)
This is a rare opportunity to own this spectacular direct oceanfront end corner unit on the 4th floor at Valley Isle Resort. This unit has magnificent views of the Pacific Ocean, and of both Molokai & Lanai from the living, dining & bedroom. Enjoy the gorgeous sunset from your private lanai or imagine sleeping to the tranquil sounds of the ocean waves.

Customer Listing Synopsis
 

Kamaole Sands 1
Kamaole Shores 8306

Kihei
$975K (FS)

Recently refreshed and outfitted for its new owner whether you are looking for, Split system A/C units throughout so that your exact desired climate can be controlled as a whole or individually in each room. Unique high end finishes and fixtures throughout to create a tropical and relaxing environment with modern furnishings to match.

Customer Listing Synopsis

Video/Virtual Tour

Residential Condos Over $1M

Wailea Palms
Wailea Palms 3306
Wailea
$1.825M (FS)
The pastoral views encompass the gracious, spacious, meticulously manicured lawns & gardens. The light-filled living area has south-facing windows & opens seamlessly into the elegant kitchen & out to the tiled dining & lounging lanai area. This unit has been updated & maintained fastidiously.
 
Kanani Wailea
Kanani Wailea 23
Wailea
$1.899M (FS)
This boutique Wailea community of 38 free standing homes with the benefit of convenience to all South Maui has to offer. Minutes from world class golfing, beaches, 5 star restaurants and shopping. Wailea Kanani is gated, has many amenities which include a saltwater pool, hot tub, entertainment area with kitchen facilities and an exercise room.

Residential Condos Under $1M

  Puuone Towers
Puuone Towers and Plaza 311
Wailuku

$339K (FS)
Dark blue north shore to peaceful West Mountain view from your living room and Master bedroom. This pet friendly 2bedroom and 1.5bath complex comes with Pool and BBQ area and 1 designated parking stall and washer and dryer is in the unit. There is on site manager and key entry doors keep safe and secure feeling.

Customer Listing Synopsis

Kihei Shores
Kihei Shores J-007
Kihei

$545K (FS)
This spacious refurbished condominium in the J building is located at the end of the complex, off of the main road, for extreme privacy, with a floor plan which includes a two bedroom, two bathroom, features include granite counter tops and ample kitchen cabinets, fresh paint, new ceiling fans, new flooring, new toilets, new tiled shower and bathtub. 
Iao Parkside
Iao Parkside 23-102
Wailuku
$560K (FS)
Ground floor corner unit with one of the biggest yards in the whole complex. The unit faces Iao stream providing extra privacy with no one looking into either bedroom. This unit has been attractively remodeled over the years with universal appeal. New vinyl windows, fresh coats of paint, and a resurfaced bathtub were all done in 2021. Comes partially furnished. 
Villas at Kehalani
Villas at Kehalani 1102
Wailuku
$949K (FS)
A comfortable 2 bedroom, 2.5 bath floor plan completed in 2014 with lovely upgrades. Viking stainless steel kitchen appliance package, crown molding, solar hot water heater, custom window coverings. With captivating ocean and mountain views that span from Kahului Harbor to Haleakala, the city nightlights and the lush West Maui Mountains as backdrop.
 
 

Vacant Land

land
39 Heohualoha Place
Pukalani
$549K (FS)
This half acre completely level and cleared lot is ready to Build your Dream Home. Tucked away on a cul-de-sac in the corner of the subdivision for privacy and on County Water Meter. Plans for 3,000 sf home (4,465 sf under roof) with 3-car garage and pool/spa are included free in the sale. Save time and money by utilizing the current plans, or design your own custom home. 
 
The Smith Team
www.MauiSales.com
(808) 572-0866
 
facebook    twitter    linked-round-flat    instagram-logo-icon-vector-29228004 (2)  
 
 
 



Click to view this email in a browser

If you no longer wish to receive these emails, please reply to this message with "Unsubscribe" in the subject line or simply click on the following link: Unsubscribe

Coldwell Banker Island Properties
#B-35 3750 Wailea Alanui Drive
Wailea, Hawaii 96753
US

Read the VerticalResponse marketing policy.

Try Email Marketing with VerticalResponse!