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
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Issue 936 February 9th, 2021


In this newsletter:

57 Lush Acres
in Kula


704 Omaopio Rd
$3,888,000 (FS)

Customer Listing Synopsis

Market Update

2021 is off to a strong start! Tourists are beginning to return to the islands and have been reporting amazing vacations. We are hopeful this year will continue to improve the economy on Maui. The inventory of available real estate for sale is still shrinking week over week, but that isn’t slowing down buyer activity, which is actually up from this same time in 2020. Below you will find a snapshot of each major area of real estate on the island with a link to the complete report at the bottom of this intro.

Single Family Homes
Over the course of January, 101 single family homes were sold, which is up 19% from 2020 in which only 85 homes were sold. The median price for a home on Maui continues to rise and is now sitting at $980,000. The top three areas in which buyers were purchasing homes in January were, Kihei, Wailuku and Kahului.

Over the course of the last month 115 condos were sold, which is down 10% from January 2020 in which 128 condos were sold. The median price for a condo on Maui did not rise significantly and is still sitting at around $560,000. The top three areas in which buyers were purchasing condos last month were Kihei, Napili and Lahaina.

Vacant Land
Over the course of the last month 21 pieces of land were sold, which is up 110% from January 2020 in which only 10 pieces of land were sold. The median price for land on Maui shot up 47% and is now sitting at $535,000. The top three areas in which buyers were purchasing land were Kaanapali, Pukalani, and Haiku.

To view the full report courtesy of Reta Chin at Fidelity National Title with a much more detailed breakdown of each sector, follow this link.

January Stats Graph

Mahalo Nui Loa,

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

The Smith Team

P.S. Lana’i is a special part of the Hawaiian Island chain full of natural beauty, charm, and endless adventure. The Four Seasons Resort Lana’i has earned the #1 top ranking on both the 2021 Best Hotels in the USA and Best Resorts in the USA lists published today by U.S. News & World Report. If you have never visited the Four Seasons Resort on Lana’i, we would highly recommend it. It was reported that the resort was impressive to both the experts and travelers because of the variety of activities and picturesque luxury amenities.

Other Maui hotels/resorts that were recognized by the publication include: 

- Four Seasons Resort Maui at Wailea was No. 3 on the Best Resorts list and No. 7 on the Best Hotels list.

- Montage Kapalua Bay, which was ranked No. 12 in the Best Resorts in the USA and No. 24 in the Best Hotel in the USA lists.

- Hotel Wailea earned a No. 24 ranking on the Best Resort in the USA list and No. 54 ranking on the Best Hotel in the USA list.

- The Ritz-Carlton, Kapalua was ranked No. 36 on the Best Resort in the USA list and No. 79 in the Best Hotel in the USA list

- Andaz Maui at Wailea Resort was ranked No. 53 on the Best Resort in the USA list.

All six Maui properties also were awarded Gold Badges for ranking in the top 10 percent of properties considered.
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233 (170)
241 (96)
1072 (353)
567 (154)
352 (80)
1328 (271)
231 (79)
 102 (28)
223 (34)
1031 (403)
695 (204)
2623 (658)
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.

January 2021

Homes Over $1M

204 Kenolio Rd
$1.35M (FS)
This home is in a great neighborhood close to the beach. The floor plan incorporates 3 beds and 2 baths. The detached Ohana is 2 bed, 1 bath, with a 500 sf. interior living space. With its warm sense of community, and proximity to shops, and eateries, this home provides all the elements for relaxing, comfortable, care free living. 
163 Hakui Loop
$1,999,000 (FS)
Welcome to this beautifully updated 3 bed, 2.5 bath Kaanapali Hillside retreat. Located a short drive from shopping, dining and the white sand beaches of the world-famous Kaanapali Beach, this immaculately appointed home received a $250K update in 2018/2019 including an entirely new kitchen with Wolf induction cooktop and roller drawer microwave and Subzero refrigerator.
390 Kualono Pl
$2,495,000 (FS)
This gracious 3 bed, 2.5 bath residence sits on a large lot in a gated community in a cul-de-sac that offers privacy and serenity. With 3,025 sf. of versatile living space, this single-story, Mediterranean-style home features sunlight-filled rooms, high vaulted ceilings, and an exquisitely landscaped and spacious central courtyard for entertaining.

Homes Under $1M

236 Mehani Cir
$506K (FS)
Bank Owned - Don’t blink and miss this rare opportunity to own a home that features so much, at an affordable price. This home in Kihei is a short stroll to the Kihei Regional Park, Maalaea Bay, golfing, boutique shops, countless outdoor recreational activities, and a vast array of cuisine. This residence boasts 3 beds, 2 baths, a two-car carport plus additional parking, an accessory dwelling, and a large yard ideal for both relaxing and entertaining.
452 Lauone Pl
$650K (FS)
This 3 bed, 2 bath, single story plantation style home sits on an over 9,000 sf. lot in a quiet neighborhood. You can enjoy the beautiful garden views from its spacious kitchen. The interior was also recently painted. The house has a separate room which was used as a sewing room but could also be perfect for an office or addition, it has a laundry room with a shower and a half bath and an outside storage room which you could use for your gardening tools and more.
71 Loa Pl

$810K (FS)
Feast your eyes on this lovely single-story gem in the upper Napili Hale Noho subdivision. A quaint and comfortable 3 bed, 1.5 bath home with gorgeous tile floors in the kitchen and wood laminate throughout. Enjoy a bright and inviting open kitchen, a spacious living area/great room with built-in shelves and a stylish bay window. 

Vacation Condos Over $1M

Mana Kai #207

The lowest priced beachfront Mana Kai unit by more than $300K at time of listing - priced to sell immediately and available to show until February 22. Enjoy spectacular views overlooking Keawakapu Beach, one of the best in all the Hawaiian Islands and Wailea's longest walking beach. Enjoy a vibrant snorkeling reef directly in front of the building -- kayak, paddleboard, and warm-water swimming right off your door step.
Royal Kahana #510
A dynamic & private 2 bed, 2.5 bath, 1,541 sf. oceanfront suite. Seller is a Licensed Real Estate Broker in State of Hawaii. 
Kapalua Bay Villas #30G3,4,5

This stunning, 2 bed, 3 bath, single-level, oceanfront unit is one of the great Kapalua oceanfront locations. And the impeccable 2020 remodel is a must-see.
Hoolei #H5

Special properties like Ho'olei Villa 81-5 rarely become available. This beautiful villa is situated near the Ho’olei pool for your ease and enjoyment. The view is simply spectacular, with panoramic ocean vistas looking out towards the Pacific Ocean. Enjoy gorgeous sunsets while sitting on the spacious covered lanai. Relax with the comfort and ability to "lock and go".
Wailea Beach Villas #G301

This beautiful, top floor, 3 bed, 3.5 bath villa has gorgeous ocean and outer-island views. The elegant and spacious floor plan offers the convenience of single level living. Enjoy a gourmet kitchen with Studio Becker cabinetry, granite/marble countertops, travertine/limestone flooring, and African mahogany doors.


Vacation Condos Under $1M

Hale Kamaole #327

$699,900 (FS)
Are you looking for a great deal on a 2 bed, 2 bath condo in the heart of Kihei? Situated across the street from one of south Maui's finest beach parks and proximity to restaurants, shopping, and resort golf courses, makes this one of the best 2 bed deals in South Maui. The unit is nicely updated and spotless.
Maalaea Kai #412
$745K (FS)
Enjoy unobstructed oceanfront views for sunsets, whale and turtle watching, and boats coming in and out of the harbor. This top floor, 2 bed, 2 bath, center unit with a loft, is fully furnished and currently being used as a long term rental. 
Kapalua Bay Villas #38G3
$750K (FS)
Enjoy excellent value in this 1 bed, 1.5 bath, split-level sanctuary in prestigious Kapalua Bay Villas. Easy ground level access to a large outdoor green space creates a private outdoor escape while you look upon the neighboring island of Molokai. Wake up to breathtaking ocean views from the upstairs bedroom and lanai.
386661 (1) (1)
Maui Banyan #P403
$785K (FS)
Best location in the complex! Enjoy superior ocean views from this top floor 2 bed, 2 bath penthouse unit at Maui Banyan located in South Kihei. This is a lock off unit which allows you the flexibility to use it as a studio and a 1 bed, 1 bath or a 2 bed, 2 bath unit. This is a beautiful unit with an open kitchen and living area. It also has a fully equipped kitchen with stainless steel appliances.


Residential Condos Over $1M

Kanani Wailea #14
Wailea is home to several beautiful locales, among them is Kanani Wailea. Here you’ll find a tranquil gated community complete with a pool and fitness center. This 3 bed, 2.5 bath single family home invites you into this community, to enjoy what the area has to offer. Walk in and be greeted by open space. Across the room you will find a shaded lanai with a view of the blossoming garden.
Kai Malu #20A

This spacious 3 bed, 2.5 bath townhome in Wailea’s popular Kai Malu is only one the very few that have a plunge pool and spa with a private gated backyard. The unit is freshly painted and with brand-new carpeting throughout, this residence is move-in ready. The kitchen features stainless steel appliances and generous granite counter tops.
La'i Loa #13A

This 3 bed, 3 bath home features an open and airy floor plan of approximately 1,746 sf. 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 countertops elevate each home to a sophisticated place.

Residential Condos Under $1M

Puuone Towers and Plaza #206

$264K (FS)
A great opportunity to own this ocean and mountain view, 2 bed, 1.5 bath centrally located condo. Enjoy brand-new flooring, bathroom vanities, stainless steel range/oven and matching hood/microwave. Other features include an in-unit washer/dryer and a condo sized dishwasher. The complex amenities include an on-site manager, elevators, assigned parking stalls, a BBQ area and a pool.
Kihei Villages #4-203

$365K (FS)
Kihei Villages 4-203 is perfectly located where trade winds gently blow through and the West Maui Mountains show off their beauty from your lanai. Your lanai faces the west so you have the chance to see wonderful sunset colors every evening. With two parking stalls very close to your unit and guest parking directly across from your lanai, you are set up to be the ultimate hang out spot.
Koa Kai #6-B

$599K (FS)
A recently remodeled, spacious, 2 bed, 2 bath condo with big ocean views! The scope of the 2018 remodel includes new kitchen cabinets, new counters, a backsplash and appliances, new tile flooring throughout, completely remodeled bathrooms, new windows, crown molding and new wall texturing.
Vacant Land
0 Papio Way
$1,495,000 (FS)
Located on 4.5 acres, this is one of the last opportunities to build your Maui north shore dream home in the coveted subdivision of Maliko Bay Cliffs. This level lot delivers breathtaking ocean views overlooking Maliko Bay, and beyond. Agriculture zoning allows for a home of any size with an additional ohana or cottage.
The Smith Team
(808) 572-0866
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Coldwell Banker Island Properties
#B-35 3750 Wailea Alanui Drive
Wailea, Hawaii 96753

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