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Market Update
According to The Maui News, single family home prices increased by 25% over the last year, while condominium prices were unchanged. The median sales price for a single family home rose to $491,000 compared to $394,500 last July. The median condo price remained unchanged at $320,000.
Central Maui had the most single family home sales in July with 14 units sold at a median price of $391,900.
Terry Tolman, the chief staff executive for the Realtors Association of Maui comments that inventories have decreased 18 to 21% over the past 12 months. We have definitely seen the effects of a market with a declining inventory for 8 out of 10 times. We've been competing with other buyers in multiple offer situations. This is very evident for properties that are at a price point of $400,000 or below.
Mahalo Nui Loa,
Greg, Melissa, Ken, and Jeremy
P.S. – The famous drummer from Fleetwood Mac, Mick Fleetwood opened up a new restaurant in Lahaina, called Fleetwood's on Front Street. Check it out!
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
Market Watch for August 6th, 2012
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Active |
Pending |
Sold |
Change |
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Homes |
520 (242) |
260 (20) |
897 (124) |
-6 |
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Condos |
788 (155) |
236 (9) |
1161 (75) |
-7 |
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Land |
419 (101) |
31 (3) |
137 (18) |
-8 |
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Total |
1727 (498) |
527 (32) |
2195 (217) |
-21 |
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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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4495 Une Place
Haiku
$1.195M (FS)
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Haiku estate situated in quality subdivision just above the Hana Highway with panoramic 270 degree ocean and Haleakala views. Quiet, hillside cul de sac street. This home is a must see, total interior remodel has been done on the 5,050 sq ft. Twin masters with vaulted ceilings. All new bathrooms in Travetine and glass tile with unique vessel sinks. Gourmet kitchen with all new cabinetry, granite and stainless steel high end appliances. Beautiful wide plank solid Koa wood flooring throughout.
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4039 L. Honoapiilanoi Road
Kahana
$9.775M (FS)
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Private, executive, luxury home located on a private road enjoys sweeping bi-coastal views. The 2.7 acre parcel provides plenty of room for a guest cottage, art studio or barn building. The home features quality construction from the exterior to the dramatic interior; glaze tile roof, stucco over 2x6 construction, dual paned windows, 14’ ceilings, custom cabinetry, extensive use of stone work (granite, marble and travertine) and glass tiles, 2 fireplaces and radiant heat.
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Homes Under $1M
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1319 Front Street
Lahaina
$291K (FS)
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Short Sale. 3 bedroom 1 bath house in fairly good condition. Close to amenities in Lahaina town.
Customer Listing Synopsis
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37 Kealohilani Street
Kahului
$339K (FS)
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Bank Owned. Great location in nice neighborhood. Property has an enclosed area for basketball.
Customer Listing Synopsis
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82 Ikaika Place
Napili
$400K (FS)
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Bank Owned. Large home located at the end of a cul-de-sac on a flag lot in Napili. Lot is fully fenced and gated. Home was converted into multiple units so may not conform to county records or codes.
Customer Listing Synopsis
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45 Lehuapueo Place
Waikapu
$499K (FS) |
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Conveniently located 5 bedroom, 2 bath home. Property also has a 1 bedrrom, 1 bath cottage. Extra large carport capable of storing 4-6 cars. House may be split for mother in law quarters. Vinyl windows throughout, A/C in all rooms, Solar water heater, Solar fans, new roof in 2008 and much more.
Customer Listing Synopsis
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34 Hale Makai Place
Kahana
$775K (FS) |
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Major price reduction and now a Short Sale. Spectacular large custome built 2.5 story stucco home in the popular Kahana area. Exotic Koa cabinetry and woodwork with a gourmet kitchen. 18 foot catherdal ceilings in the dining and living area. Granite and Indonesian Rosewood flooring. Central vacuum and other custom features. This house is located across the street from the Kahana beaches at the end of one of the small cul-de-sacs, with outstanding views and a short walk to the ocean of about 150 yards to where you can go for a swim, snorkel, or kayak.
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Vacation Condo Over $1M
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Ka'anapali Alii 1-803
Ka'anapali
$2.199M (FS)
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This exquisite condominium residence has the large two bedroom/den floor plan. The den doubles as an additional sleeping area for guests, as well as an office with a built in desk. The second bath features a separate vanity and sink. The open kitchen features granite tops, hard wood cabinets. Situated on over 8 acres of prime beach frontage, the Kaanapali Alii offers an ocean front pool, hydro spa, beach front barbecues and three lighted tennis courts.
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Vacation Condos Under $1M
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Kihei Bay Surf B-214
Kihei
$115K (FS)
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Great studio on 2nd floor with high ceilings ready for your personal upgrades; its a fixer upper.
Customer Listing Synopsis
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Maui Vista #1218
Kihei
$259K (FS)
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Comfort and convenience make this attractive 1 bedroom, 1 bath condo at Maui Vista a winner. Just steps away from Charley Young Beach and a leisurely stroll to Kamaole Beaches and restaurants. You'll love the privacy of this corner unit and the spectacular sunset views from your partial ocean view lanai.
Customer Listing Synopsis
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Kihei Garden Estates D-203
Kihei
$299.9K (FS)
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Located in Central Kihei , close to the ocean, shopping, restaurants, gyms, Aquatic Center, golf and more. Tastefully furnished 2Bed 2Bath loft style condo with 2 story picture windows that open up to a beautiful garden view.
Customer Listing Synopsis
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Kuau Plaza #105
Wailea
$365K (FS)
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This nicely furnished 2 bedroom vacation condo is very popular with Maui visitors and can now be yours. All the benefits of North Shore living with the convenience of a condo lifestyle, so you can lock up and leave anytime.
Customer Listing Synopsis
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Residential Condos
Iao Parkside 31-203
Wailuku
$146.5K (FS) |
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Short Sale. Well maintained 2 BR, 2 Ba upstairs condo located near parks, businesses and schools with wood flooring in the living room and kitchen - includes major appliances, washer and dryer and 2 parking stalls.
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Villas at Kahana Ridge #333
Kahana
$244.5K (FS) |
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Bank Owned. 3 bedroom 2 baths. Lofted ceilings opens your living area feeling and cross breeze throughout adds cool comfort. Some TLC needed throughout such as new flooring and interior paint. Located within minutes to public facilities, shopping, dining and beaches, this is a listing to consider if you are shopping the West Maui district of Maui.
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Na Hale O Makena B-401
Wailea
$2.65M (FS) |
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A rare offering of one of the best at Na Hale O Makena, unit #B-401. Immaculate beauty with protected stunning views of the Pacific and outer islands. Lush tropical gardens surround the grounds and a beautiful recreation area with pool, spa, kitchenette and fitness center for your enjoyment. A must see 4 bed 3.5 bath with loft overlooking the living room, family room, large lanai and many upgrades to complement this top quality construction home.
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Vacant Land
23 Papakapu Place
Wailuku
$189K (FS) |
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Bank Owned. Very nice large lot located at the very top street of the Koa at Kehalani subdivsion in a cul-de-sac.
Customer Listing Synopsis
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