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 998 April 19th, 2022


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 (3)
New Properties 

Price Reductions  

Short Sales
Homes (1)

New Properties

Price Reductions 



Sugar Cove 6A, 6B, 6C
$17M (FS)

Rising Interest Rates

In 2022, interest rates have steadily been on the rise, this week creeping above 5%. It may be difficult to adjust to the jump in recent rates when compared to last year’s all-time low of a fixed 30-year mortgage rate of 2.65% ( Historically speaking though, rates today are still low. Very low, in fact, according to Peter Miller, contributor at the Mortgage Reports. Looking back in time, you’ll recall how average Interest rates in 2008 on a fixed 30-year mortgage were 8.05% and that not since 1990 have we seen double digit interest rates. Check out his article here for a retrospective on mortgage rate history and to learn more.  

It’s hard to say how rising rates will impact real estate on Maui. Last year was one of the hottest and most competitive housing markets in history. Record-setting low mortgage rates coupled with high demand and low supply drove prices through the roof. 

The greatest impact locally will be on the amount of financing home buyers will qualify for, and what that will get them given the strong market and high median costs of single-family homes and condos in the state. In an article by the Hawaii Business Magazine, Jon Whittington, president of Honolulu-based Compass Home Loans comments on the rise of interest rates, stating, “Every percent it goes up in interest, it impacts you [buyers] about $100,000 in purchasing power.” Access the full article here

Fed rate increases and counter-inflation measures will undoubtedly cool the real estate market down, but how much is everyone’s guess. While increased borrowing costs typically make it more difficult for buyers to enter the market, fewer transactions and less competition, may also make getting your offer to the table easier for buyers and lead to fewer bidding wars. 


Since nobody knows exactly how fast or far interest rates may rise, buyer’s may want to maximize their borrowing potential now while rates remain comparatively low. If you need help connecting with a lender about pre-qualifying for a loan or have any other Maui real estate questions, the Smith Team is here to help.

Mahalo Nui Loa,

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

The Smith Team


P.S. Mask mandates are no longer in effect for Maui Airport, Maui Bus, and most major airlines according to a Maui News release today. Learn more here

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Market Watch
168 (142)
215 (129)
1322 (703)
150 (79)
358 (163)
2269 (617)
107 (52)
 57 (13)
366 (112)
425 (273)
630 (305)
3957 (1432)
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

1173 Kamehameiki
1173 Kamehameiki Road
$1.295M (FS)
This 3 bedroom and 2 bath home sits on 2.95 acres with spectacular ocean and mountain views. Customize this home to create your personal paradise. Must see to appreciate. 
 532 Komo Ohia 
532 Komo Ohia Street
$1.35M (FS)
Breathtaking newly remodeled 4 bedroom, 2.5 bath single family home located on the mountainside of Wailuku in the master planned community, Ohia at Kehalani. As soon as you enter the main living area, you will see high ceilings with recessed lights and lots of windows to bring in the natural light.
316 Pualoa Nani Place

$2.75M (FS)
The great room has a spacious kitchen, large dining area, and living room with many windows making it light and bright. The main suite features large en-suite bath complete with walk-in closet, 2 shower heads, double sinks, jacuzzi tub, and laundry closet.
138 Hoolapa
138 Hoolapa Street

$3.999M (FS)
This 5 bedroom 4 bath home features an open floor plan, that effortlessly flows to outdoor living paradise. Enjoy the saline pool with hot tub, fountains and a slide for the young and young at heart. This home was meticulously designed by the owner and is an absolute must see.

Homes Under $1M

945 Hoomau Street
$795K (FS)
Potential Short Sale. Here is your opportunity to own a beautiful and well-maintained home with panoramic ocean views and Haleakala views. Recently remodeled with a new roof, fully renovated kitchen, fence, garage door, and garage storage. Located near a popular surfing spot, malls, gyms, schools, restaurants, and parks. Buyer and Buyer’s agent are advised to do their due diligence
162 Akai St
162 Akai Street
$850K (FS)
Beautifully remodeled 2 bedroom hollow tile cottage on a great corner lot with ample room to build your main house. 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.
294 Kawailani Circle
$900K (FS)
Conveniently located close to Safeway and Azeka Shopping Centers, restaurants, numerous amenities, transportation, and schools. Single level living opportunity with two bedrooms, two bathrooms, and a low maintenance yard.
179 Hiwalani Loop
179 Hiwalani Loop
$949K (FS)
Wonderfully well kept Kamaina home in one of Pukalani most desirable neighbors with loads of Aloha.This 3 bedroom, 2 bath is close to everything Up Country and an easy commute to Kahului and Wailuku.

Vacation Condos Over $1M

Kapalua Golf Villas
Kapalua Golf Villas 22V-2

$1.6M (FS)
This is a top floor two bedrooms, two bathrooms with a large lanai area including a spectacular  wide ocean view. Just five minutes from the world famous Kapalua Bay Beach (A great place for swimming, snorkling, & other activities) and very close to beautiful hiking trails.
Puamana 167-4

$2.295M (FS)

A beautiful 2 bedroom, 2.5 bath Island townhome with direct ocean access. Hawaiian living awaits you and your family in this elevated corner location that was completely remodeled in 2016. 

Customer Listing Synopsis

Video/Virtual Tour

Hoolei O-2

$4.85M (FS)
Stunning 3 bedroom, 3.5 bathroom residence with fantastic ocean views in an outstanding location. Tastefully furnished and decorated this exquisite vacation rentable unit has been lovingly maintained as a personal residence. 

Vacation Condos Under $1M

Kalama Terrace 2
Kalama Terrace P-302

$509K (FS)
Only a short stroll to the "Cove" one of the few surf breaks in South Maui and close proimity to multiple golden sand beaches, shopping and dinin establishments. One bedroom, one bathroom unit close to Charlie Young Beach. After a day of adventuring, relax by the pool and barbecue. 
Kahana ReefKahana Reef 311

$645K (FS)
Stand on your Lanai and throw a golf ball into the ocean. During Whale season you will have a front row seat. This third floor, one bedroom, condominium gives you privacy, security and quiet. Just walk down the stairs or take the elevator and go directly into the ocean for swimming, surfing or snorkeling. 
Grand Champions
Grand Champions 63

$925K (FS)

This one bedroom, two bath ground floor unit features an open floor plan, high ceilings, and an abundance of natural light. This beachy community is conveniently located near golf, tennis, shopping and restaurants, making this a sought-after vacation rentable complex.

Customer Listing Synopsis

Video/Virtual Tour

Hololani B-501

$950K (FS)
Now is your opportunity to own this stunning 5th floor remodeled condo at the Hololani Resort. Amenities are a well-equipped full kitchen, refinished cabinetry, stainless steel appliances. The living area boasts new furniture, fresh coastal decor, a flatscreen smart TV, Murphy bed, sliding Shoji screens that open the space to the main bedroom. 

Residential Condos Over $1M

Kanani Wailea
Kanani Wailea 23
$2.199M (FS)
Kanani is a great fit for someone who is seeking the privacy of residential living with the ease of maintenance that comes with residential condominium ownership. Unit #23 at Kanani is situated with a lot of privacy, is nicely upgraded with vinyl plank flooring, and a timeless beach feel.
Makalii at Wailea 103
$3.3M (FS)

This is an extraordinary opportunity to own at Wailea's most sought after newly built luxury community. This mid-century, modern oasis is truly special, and rarely offered for sale. As you walk in, the ocean views captivate your senses. The blue waters, and dramatic sunsets can be enjoyed through the floor to ceiling windows or rolled away for a seamless indoor outdoor design.

Customer Listing Synopsis

Residential Condos Under $1M

 Keonekai Villages 
Keonekai Villages 1-103

$490K (FS)
Beautiful, spacious fenced in outdoor space with room for gardening, entertaining, barbecuing and relaxing. Pet friendly community in South Kihei. Just a short walk from gorgeous South Kihei beaches, popular restaurants, coffee shops and shopping, and just a short drive to Wailea and Makena where you can enjoy world class beaches, dining, golf courses and more.
Southpointe at Waiakoa 2-103

$599K (FS)

This beautiful, ground floor unit is perfectly situated in a prime location within the complex. With a large re-configured kitchen sporting floor to ceiling cabinets, granite countertops, fresh appliances, and a shady back yard sanctuary with storage that backs up to a greenbelt, this unit will be your breezy, cool, zen retreat. 

Customer Listing Synopsis

Villas at Kehalani 1403

$969.9K (FS)
A beautiful two-story townhome with attached two car garage, with plenty of storage space, central AC system, upgraded floors, carpet and wood blinds. Spacious 2 bedroom suites with private bathroom. Enjoy the morning sunrise over Haleakala with a cup of coffee on your lanai. 
Vacant Land
5159 Makena Road 
$4.395M (FS)

You will enjoy south facing Ocean, pristine Makena coastline, Kaho’olawe & Molokini Crater Views. This idyllic location affords spectacular sunsets with a beautiful sandy beach & majestic ocean waters just steps from your front door.

Customer Listing Synopsis

Video/Virtual Tour

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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