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 994 March 22nd, 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 (6)
Condos 
Land
New Properties  

Price Reductions 

Short Sales
Homes 

Condos 
Land
New Properties

Price Reductions  

Oceanfront Vistas

 FEATUR 

Puamana 160-2
Lahaina

$5.4M (FS)


Exciting Residential Project on Maui

 



The largest residential project on Maui, Waikapu Country Town could move faster if a public-private partnership that trades infrastructure for more affordable housing gets approved. 

 

In 2019, the county gave the green light to plans for 1,433 single family homes, multi family and rural units, 146 ohana units, 200,000 sq. ft of commercial space, parks, elementary school, and a 910 acre agricultural preserve.

 

Under a new proposal, the development would have 500 workforce units and the developer would slice the amount of market units so the density will remain the same. This development has had widespread community support for we definitely need more housing for the local folks. 

 

According to project attorney, Jeff Ueoka, “If all goes well, we would hope that we could have the first set of homes ready in about three years.”

 

We will keep you posted on any updates that we receive. To learn more about the project, go to https://www.waikapu.com/.  

 

Mahalo Nui Loa,

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

The Smith Team

 

P.S. Hawaii's indoor mask mandate and the Safe Travels program will end this Friday, March 25th.  See article here.

Follow Us
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Market Watch
 
Active
Pending
Sold
Change
Homes
178 (156)
212 (125)
1338 (689)
+5
Condos
138 (64)
362 (167)
2338 (617)
-5
Land
105 (50)
 59 (16)
384 (118)
-6
Total
421 (270)
633 (308)
4060 (1424)
-6
 
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.

 
MARKET STATISTICS 
January 2022
February 2022

 

Homes Over $1M

1064 Ehu
1064 Ehu Road
Makawao 
$1.095M (FS)
Come see this beautifully updated home situated on a rolling one acre parcel. The spacious great room with fireplace opens to a huge lanai that looks out over an expansive wooded gulch. This is the epitome of secluded upcountry living.
 
33 Ka Lei
33 Ka Lie Place
Makawao

$1.175M (FS)
This beautifully remodeled and upgraded home features a brand new kitchen, new appliances and fixtures, new wall to wall laminate flooring, and a freshly painted interior and exterior. There’s also an income producing studio with an all new shower and fixtures. 
 
 24 MELEINOA 
24 Meleinoa Place
Kahului

$1.37M (FS)
Your recently remodeled beautiful and spacious 4 Bedroom 2.5 Bath home awaits. Your home is located in a gated neighborhood at the end of a cul-de-sac with a large flat driveway leading to the 2-car garage. Enjoy Mountain views while relaxing on your front porch. 
 
7 Maluaina
7 Maluaina Place 
Haiku

$1.899M (FS)
Living in a tropical wonderland can be found at 7 Maluaina Place. As soon as you arrive, the gated entry offers privacy and security with lush landscaping painted with every hue of green there is. Right away you are met with the protected lanai overlooking the brand-new pool and hot tub complete with swim up barstools and built in gas tikis.

Homes Under $1M

lk
1006 Kapuhau Road
Kihei
$789K (FS)

This 500 sq ft Kihei Cottage anchors itself to a large lot ready to build a dream home, plant a garden or build a pool, the possibilities are endless. No HOA fees. Freshly painted exterior & interior, modern wood flooring, ceiling fans, vanity lighting and new refrigerator. 

Customer Listing Synopsis

252 W Lanai
252 West Lanai Street
Kahului

$879K (FS)
This single level 4 bedroom, 2 bath hollow tile home sits on a 10,500 sqft of land. The fourth bedroom is away from the main house so it'd perfect for a teenager or mother-in-law. There are three mature mango trees in the back, two Haedan and one Mapulehu tree. 

Customer Listing Synopsis
akai
162 Akai Street
Kihei

$888K (FS)
Property is cleared and there is a new hollow tile wall on both sides of the cottage with a beautiful matching stucco finish, a freshly poured sidewalk around the cottage and an expanded driveway. This is a perfect start before you design and build your dream home on this spacious 7552 sq.ft lot.
 

Vacation Condos Over $1M

Menehune Shores
Menehune Shores 208
Kihei

$1.1M (FS)
Menehune Shores is fronting an ancient Royal Hawaiian Fish Pond of Kalepolepo. The fish pond is the perfect place to stretch out and relax as the beachfront is protected by the rock wall that encloses the fish pond. 
 
Kamaole Sands
Kamaole Sands 10117
Kihei

$1.499M (FS)

Have you been looking for a ground 2 bed 2 bath vacation rental with ocean views, look no further you are in the right place. This unit has been upgraded with a Mini-split AC system newer kitchen with huge storage space.

Customer Listing Synopsis

Wailea Ekahi
Wailea Ekahi 33D
Wailea

$1.785M (FS)
One of Wailea's most popular beachfront properties. This 2nd floor, 1 bedroom, 2 bath unit is offered turnkey- furnished with an open concept design in the kitchen, dining and living areas adjoining the lanai with ocean, greenbelt and mountain views. 
 
Royal Mauian
Royal Mauian 102
Kihei

$2.45M (FS)
Absolutely spectacular unit that offers so many amazing features three bedrooms two baths vacation rental, ground-floor unit just steps from Kamaole beach park 1. Royal Mauian is ideally located with amazing shopping and restaurants just steps away & great beaches.
 

Vacation Condos Under $1M

kai
Maui Kai 502
Honokawai

$575K (FS)
Unit 502 is a beautiful direct ocean fronting studio apartment, which has recently had all of the appliances and bathroom vanity replaced. The open floor plan flows beautifully towards the crystal-clear Pacific lapping up below your gracious lanais. 
 

 
Kihei Resort
Kihei Resort 122B
Kihei

$600K (FS)

Gorgeous fully remodeled ground floor 1 bedroom, 1 bath unit at Kihei Resort. Open kitchen and living room with granite counter tops, stainless steel appliances, maple cabinets, and travertine floors that lead to a covered lanai area.

Customer Listing Synopsis
 

Kihei Bay Vista
Kihei Bay Vista C-101
Kihei

$650K (FS)
One of Kihei's best kept secrets. Boutique condominium project located across the street from sandy beach where you can stroll for miles. This condo has been very well kept up by the owner who has done many upgrades over the years.  
 
aina-nalu
Aina - Nalu B208
Lahaina

$790K (FS)

If you’re looking for the perfect vacation condo or home, in the perfect location at one of the most sought after complexes in Lahaina, then you’ve found it! Located on the North side of the property, Aina Nalu B208 is an upstairs 2 bed, 2 bath unit. This condo has never been used as a rental, and it shows. It is in excellent condition. 

Customer Listing Synopsis

Residential Condos Over $1M

Wailea Palms 3106
Wailea
$2.65M (FS)

This unit is unquestionably situated in the most desirable location, it's coupled with an extensive remodel that exudes luxury, functionality, and style. Perfectly appointed furnishings and artwork highlight the design and workmanship that went into this conversion.

Customer Listing Synopsis

 

Coconut Grove
Coconut Grove 136
Kapalua
$5.1M (FS)
This spectacular property is located oceanfront on Kapalua bay. One of the best beaches in the world. 36 is a second floor unit with private ground floor entry. There are 3 large suits and 3.5 baths. There are large lanais to view sunsets and whales.
F 2
Sugar Cove 6A, 6B, 6C
Spreckelsville
$17M (FS)
This is your chance to acquire a private, turnkey beachfront condominium building consisting of two living spaces with a total of 8 bedrooms, 7 bathrooms, 3 ½ bathrooms and just under 6,000 square feet of living area all situated on the crescent beach at Sugar Cove in the heart of Spreckelsville.

Residential Condos Under $1M

puu
Puuone Towers and Plaza 616
Wailuku

$287K (FS)
Renovated 2 bedroom, 1.5 bath 6th floor unit redone in 2019. Unit includes one window A/C unit with a washer and dryer in the unit. This complex includes on-site Resident Manager, elevator, BBQ and pool area.
 
Maui Gardens G-101
Kihei

$400K (FS)

Conveniently located 1 bedroom, 1 bath ground condo in the heart of Kihei. Maui Gardens G-101 is an end unit with direct access to parking, tennis courts and the pool. The unit is largely original and ready for the new owner to put their touches on it.

Customer Listing Synopsis

Iao Parkside
Iao Parkside 29-104
Wailuku

$525K (FS)

The Iao Parkside Complex has long been known for its great location and ability to make so many people home owners here on Maui. This unit has been remodeled and has a very open living area great for entertaining a few friends or family. 

Customer Listing Synopsis

 

Southpointe at Waiakoa
Southpointe at Waiakoa 2-104
Kihei

$590K (FS)
Welcome to Southpointe 2-104 in North Kihei just blocks away from the sandy beaches of Maui. This pet-friendly 2 bedroom 2 bath ground floor unit is located in a superb quiet location with a desirable backyard, sought after floor plan, and it is filled with natural light.

 
Kihei Villages
Kihei Villages 18-102
Kihei

$625K (FS)
Highly desired first floor Kihei Villages unit with 2 bedroom, 1 1/2 bath and two parking spots. Nicely remodeled unit with granite counter tops in the kitchen and a combination bamboo and tile flooring throughout. 
 
 
Vacant Land
 
0 Off of South Alu Drive Road
Wailuku

$360K (FS)

The Eagle's Nest, quiet and peaceful with breathtaking 180 degree views of the ocean and mountains. Buyer and Buyers Agent to do their own due diligence. Water and sewer are to the property. Water Meter is installed at the beginning of the driveway.

Customer Listing Synopsis

 
The Smith Team
www.MauiSales.com
(808) 572-0866
 
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Coldwell Banker Island Properties
#B-35 3750 Wailea Alanui Drive
Wailea, Hawaii 96753
US

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