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 1004 June 1st, 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 (4)
Condos (2)
New Properties 
Price Reductions  

Short Sales
Homes  (1)

New Properties

Price Reductions 

Lumeria Maui

 F 2 

Maui's #1 Retreat Center
$25M (FS)

Fewer Sales But Steady Prices


According to Lawrence Yun, chief economist for the National Association of Realtors, we are still a ways off from achieving market equilibrium, as a supply-demand imbalance persists in our current market. In his blog from the Economist Outlook, Yun states, 


“Even though home sales look to trend back to pre-pandemic levels after the big surge of the past two years, inventory will not return to pre-pandemic conditions. That means home prices will get pushed even higher in the upcoming months, albeit modestly, given the supply-demand imbalance.”


Many feel that the market has topped out on Maui, where the number of transactions has cooled somewhat, however, inventory remains critically low, and since our market draws from a strong pool of cash buyers, prices appear to be holding steady. Although the total number of residential and condo sales were down 15% and 13% respectively, the median sale prices in April were still up 19% and 23% over 2021 stats according to a report from Fidelity Title. 


It has been a wild ride these past two years with record-breaking median sale prices and the lowest interest rates in history. With interest rates on the rise the market terrain is changing, but just how far things may shift is unknown given the high demand for limited real estate on Maui. If you have any questions about selling or buying at this time, we are 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. Lower property taxes for many owner-occupied Maui residents will go into effect this year. Check out this article to see if you fall into one of these beneficial tiers.

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Market Watch
205 (172)
181 (101)
1283 (706)
163 (86)
302 (152)
2123 (595)
108 (56)
 40 (10)
329 (102)
476 (314)
523 (263)
3645 (1403)
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

 84 Mano Dr 2 
84 Mano Drive
$1.295M (FS)
This comfortable single story ranch style home offers plenty of room for everyone and work from home. Four bedrooms plus an office as well as a dining area and converted garage workshop. However the generous kitchen with its new ceramic tile floors and den/lounge area is where you’ll want to be. 
230 Ainakula
230 Ainakula Road

$1.495M (FS)
This is truly one of the most unique thoughtfully designed and quality built contemporary homes that features brand new construction from the ground up. This spacious air conditioned 5 bedroom, 3.5 bath single family home offers a flexible floor plan perfect for extended family or additional rental income. 
1881 & 1883 Kaahele Place

$1.988M (FS)
Brand new home and detached ohana of impeccable quality, and built to last on Maui. Looks absolutely stunning. Too many upgrades to list. This high end custom home builder spared no expense on creating his dream home on Maui. The 3rd bedroom is a very cool loft bedroom with a closet that has beautiful Haleakala views.  
2705 Lower Kula
2705 Lower Kula Road

$2.658M (FS)
This elegant upcountry residence with bi coastal ocean & mountain views. Enter thru the gated entry, travel up the stamped concrete driveway, you know you have arrived at your oasis. Walk thru the double entry doors and enter into your 20ft tall foyer which offers a perfect space for your art collection.
5187 Lower Honoapiilani5187 Lower Honoapiilani Road

$8.75M (FS)
Oceanfront estate located on a picturesque cove in the heart of Napili. Aptly named "Honu Hale" (Turtle House), this 6 bedroom, 4.5 bathroom home has a front row seat to year round sunsets, crystal clear blue water, abundant ocean life, including turtles galore, and neighbor island views.

Homes Under $1M

900 Puiki Place
$720K (FS)
The perfect starter home to add your own touches. 2 bed, 1 bath, 1 car carport. Fenced yard with mango tree and room for gardening. Just minutes from gorgeous west side beaches, including beautiful Baby Beach. Close to Front Street, and all the amenities Lahaina has to offer. 
221 Lepoko Place

$769K (FS)
Great starter home with lots of room to customize living use. This 3 bedroom home of 943 square feet also has an attached 689 square footage of enclosed patio/porch space .Quaint neighborhood with a dozen or so homes on a dead end street so not much traffic but in the heart of Wailuku. 
179 Hiwalani Loop
179 Hiwalani Loop

$927.5K (FS)
A spacious 3 bedroom 2 bath home. Wonderfully well kept Kamaina home in one of Pukalani most desirable neighbors with loads of Aloha. Close to everything Up Country and an easy commute to Kahului and Wailuku.

Vacation Condos Over $1M

Maalaea Kai 410

$1.298M (FS)
This custom bright and airy 2 bed, 2 bath condo including the protected lanai. Recently refreshed with new air conditioning throughout, fresh paint, large flat screen TV and brand-new water heater. Custom remodel in 2005 provided seamless white surfaces throughout the kitchen and both bathrooms.
Makani Sands
Makani Sands 304

$1.595M (FS)
An extremely rare 3 bed, 2.5 bath unit with spectacular ocean, Molokai and Lanai views. This is the perfect canvas with the layout, the space, the location and opportunity to make this oceanfront sanctuary your own. 

Customer Listing Synopsis

Video/Virtual Tour

The Ritz CarltonThe Ritz Carlton Residences 
$3.5M (FS)

A luxurious, generously sized two bedroom, two bath located on the 8th floor (top floor) of the Residential Suites Wing looking to the pool and ocean. Currently rented in the on-site Ritz Carlton Hotel rental program and categorized as a partial ocean view, showings are subject to availability. This property has a very strong rent history.

Customer Listing Synopsis

Video/Virtual Tour

Vacation Condos Under $1M

Lahaina Shores
Lahaina Shores 316

$588K (FS)
Beautiful unobstructed mountain view studio at the beach front resort of Lahaina Shores in downtown historic Lahaina. This fabulous property includes a sandy beach, a beach side pool with spa, and it is within walking distance to world class dining, shopping, art galleries, Lahaina Yacht Harbor.
Kalama Terrace
Kalama Terrace L-203

$685K (FS)
Here's your chance to own a gorgeous 2 bedroom condo in the heart of Kihei. Kalama Terrace has a wonderful pool with a perfect barbeque area to enjoy the fabulous Hawaiian evenings. Kalama Terrace is close to The Cove which is an ideal place to pick up surfing and it's also near Kalama Park where there's an abundance of dining options.

Customer Listing Synopsis

Kihei Bay VistaKihei Bay Vista A-206
$699.9K (FS)

Highly sought after location within Kihei Bay Vista Resort. Top floor, corner unit with big ocean views and whale watching from your lanai. The additional windows in the living room and kitchen are only found in the corner units and bring in great additional natural light not found in the interior offerings. 

Customer Listing Synopsis

Video/Virtual Tour

Kihei Parkshore
Kihei Parkshore 13

$999.5K (FS)
From the moment you enter this beach condo, you will be mesmerized by the ocean and island views along with surfers, paddlers, and breaching whales (during whale season) keeping you entertained throughout the day And, of course, you will always be grateful for the daily sunsets that will take your breath away. 

Residential Condos Over $1M

Keala O Wailea
Keala O Wailea 7-102
$1.55M (FS)
This 4 years new, tastefully furnished, ground floor, 2 bedroom, 2 bathroom condo at Keala O Wailea has been very lightly used and impeccably maintained. The spacious and private unit features high end Bosch stainless appliances, quartz countertops and an expansive lanai with views of the West Maui Mountains and the sparkling Pacific.
Kanani Wailea
Kanani Wailea 23
$1.999M (FS)
Wailea Kanani is gated, has many amenities which include a saltwater pool, hot tub, entertainment area with kitchen facilities and an exercise room. 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.

Residential Condos Under $1M

  Honokowai East
Honokawai East 211

$295K (FS)
This conveniently located condo is just the next town up from Kaanapali. Minutes away from a grocery store, spa, restaurants, Farmer's Market and the beach! Within minutes you can snorkel, swim or catch a beautiful sunset. The monthly fees include electric, water, basic cable, sewer and trash and a designated parking stall close by.

Customer Listing Synopsis

Puuone Towers
Puuone Towers and Plaza 405

$415K (FS)
Experience the charm of island living in this contemporary, extensively renovated, fully furnished and accessorized turn-key fourth floor residential condominium unit with 2 bedrooms and 2 bathrooms in a desirable complex near the heart of Wailuku.
Kihei Villages
Kihei Villages 59-103
$610K (FS)
Beautiful ground floor condo with a private fenced yard lined with Areca palms. This island home is fully remodeled including vinyl windows, beautiful high quality flooring, updated cabinets, gorgeous granite countertops, stainless steel appliances.
Kalama Kai
Kalama Kai 302 
$850K (FS)
Newer construction with ocean views and clean design in this 3 bedroom, top floor unit in Kihei. PV panels provide shade in the parking areas and reduce common area energy costs. Two assigned parking stalls. 1 covered, 1 uncovered. Beautiful pool pavilion with BBQ, conveniently located across the street from Kihei beaches.

Vacant Land

202 Makoi Pl
202 Makoi Place 
$650K (FS)
This lot is slightly over 1 acre in an eight lot subdivision. Located below Carden Academy of Maui, on a private cul-de-sac, this lot has a rural and quiet feeling but is within short distance of schools and shopping. Partially level with unobstructed views of the Kihei Coast, the lot does include part of the gulch area. 
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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