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Aloha ,
Market Update
Housing analysts from the National Association of Home Builders predict 2016 will be a stand-out year, a year of great economic improvement. They predict a good year for the housing market due to employment growth and continued economic recovery.
Consumer confidence continues to rise to pre-recession levels. Millennials as first time home buyers are anticipated to be a major portion of this upswing. We are seeing more and more household formations as job growth continues and mortgage rates remain low.
Traditionally first time home buyers average 40% of market. Due to the recession for the past 5-7 years they’ve only been comprising 30% of the housing market. Economists predict by the end of 2016 single family housing starts will rise by 39% to 977,000 units, back to pre-recession levels.
Have a wonderful week,
Lindsey for The Smith Team
Ken, Melissa and Lindsey
P.S. - Happy Cinco De Mayo! Check out this complete list of Cinco De Mayo events hosted around Maui.
Melissa Smith R (B), Ken Smith R (S)
Market Watch
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Active
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Pending
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Sold
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Change
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|
Homes
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561 (278)
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246(44)
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971 (169)
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+2
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|
Condos
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858 (209)
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222 (33)
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1168 (168)
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-26
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Land
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341 (120)
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36 (8)
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162 (22)
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-2 |
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Total
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1760 (607)
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504 (85)
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2301 (359)
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-26
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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
Homes Under $1M
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23 Kuapapa Place
Kihei
$279.9K (FS)
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Bank Owned - Great opportunity to own this 4 bedroom/ 1.5 bathroom home in Kihei and make it your own. Property was built in 1975 and is in original condition.
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203 Anamuli Street
Kahului
$519K (FS) |
Bank Owned - Located in the highly desired Maui Lani Subdivision, this asset sits in the community known as The Legends. Located across the street from the golf course known as the Dunes, this home offers many conveniences for the avid golfer.
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284 Olino Way
Makawao
$525K (FS)
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Bank Owned - This large, Fannie Mae property is on the corner of Koehana Place and Olino Way, off Makawao Avenue and is completely fenced. The first floor layout consists of a living room, which opens into the spacious kitchen/eating area.
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6 Lanipo Place
Kahului
$595K (FS) |
Short Sale - Haleakala and West Maui mountain views from the front yard of this nice home at the Islands of Maui Lani. This spacious floor plan has the master bedroom on the ground floor. Upgraded stucco exterior siding, Monier tile roofing, extended master bedroom and family room!
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Vacation Condos Over $1M
Masters #2805
Kaanapali
$1.199M (FS) |
You will fall in love with this condo the moment you walk in the door! Beautifully remodeled from head to toe with incredible attention to detail, this immaculate Island home is sure to sell quickly. The premier location offers beautiful ocean views and a large lanai for entertaining.
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Kaanapali Shores #460
Kaanapali
$1.4M (FS) |
Beautiful 2 Bed/2 Bath- lofted unit is direct Ocean Front at Kaanapali Shores. This unit has been beautifully upgraded by the owners. This resort is located on North Kaanapali Beach and offers many amenities for the active traveler with 2 pools, 3 lighted tennis courts, fitness and massage center, jet spas, complimentary scuba lessons, and wedding gazebo.
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Vacation Condos Under $1M
Maui Banyan #H503
Kihei
$425K (FS) |
Enjoy ocean and mountain views from the lanai of this tastefully remodeled, fully furnished 1 bedroom, 2 bath vacation rentable condo. Recent updates include new granite counter tops, porcelain tile flooring, new flat screen TV's, front loading high efficiency washer and dryer, and a comfortable, new King size bed.
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Valley Isle Resort #403
Napili
$620K (FS) |
This unit has it all! Beachfront, 2 Bedroom, Remodeled, Ocean View, plus vacation rental income. 1040 Sqft of unmatched quality and craftsmanship with inlaid bamboo, granite, mosaic tile, beautiful molding and doors, custom wood valance, built-in entertainment system and high end lavish furnishings.
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Maui Kamaole #C-206
Kihei
$648K (FS) |
Beautifully remodeled unit in one of the best-located clusters in the complex- just steps to the largest pool. Enjoy a peak of the ocean from the living room, kitchen, and lanai.
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Kapalua Golf Villas #16T5,6
Kapalua
$730K (FS) |
Golf Villa 16T5,6 is located at the Kapalua Bay Course's 10th fairway. It commands great fairway and ocean views; no rooftops to interfere. The secondary entry area has been extended and enclosed for an added bedroom.
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Residential Condos
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Kahului Ikena #236
Kahului
$215K (FS)
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Bank Owned - A golden opportunity ideally positioned for living convenience, only a minutes walk from the shopping centre, Maui Community School, Kaiser & Maui Memorial Hospital. This top floor 2 bedroom 2 bath condo accomodates absolute privacy and peace.
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Hale Kanani #1-204
Kihei
$494.9K (FS) |
Bank Owned - Very clean, pet friendly, 3 bedroom, 2 bath ocean view condo in popular Bldg.1. Open floor plan with wood floors, plantation shutters, beautiful kitchen with stainless steel appliances and granite counter tops.
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Hale Kanani #1-202
Kihei
$498K (FS) |
Gaze at the Pacific Ocean and surfers at Cove Beach Park from your home in paradise. This 3 bedroom, 2 bath Hale Kanani unit offers the finest in Maui living --all across the street from one of the best beaches.
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Vacant Land
0 Door of Faith Road
Haiku
$399K (FS) |
Located at Door of Faith Rd, this vacant lot offers many opportunities to build your private retreat, farm, or grow tropical fruits and plants all on 3.3 acres.
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