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 1001 May 10th, 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 (3)
Condos (2)
Land
New Properties 
Price Reductions  

Short Sales
Homes 

Condos 
Land
New Properties

Price Reductions 

 Exceptional 
 Luxury


 feature 

Wailea Beach Villas PH-202
Wailea
$4.595M (FS)


A Shortage of Luxury Residential Housing

 

While demand for affordable housing is felt strongly throughout our island communities, a housing shortage exists across multiple sectors, including moderate and high-end luxury housing. 

 

A 2019 housing planning study commissioned by Hawaii Housing Finance and Development Corporation, determined that Maui County needed about 10,000 units across all income levels-including 3,000 units for upper-income households, according to a MauiNow article.

 

In Maui, Pacific Rim Land and Inc., has a development plan that targets the housing gap at the upper-end of the spectrum and hopes to alleviate some of the pressure felt on housing geared to lower area median income levels.

Pacific Rim Land and Inc., are the managing partners behind the Wailuku-based H-2 Residential project which hopes to develop a 28-acre hotel-zoned parcel in Makena into 53 luxury residential lots, along with public beach parking for Maluaka Beach, rock walls and related infrastructure. 

After listening to testimony for, and against the proposal, the Maui Planning Commission recently voted 6-1 to approve the H-2’s final environmental assessment. A special area management use permit is still needed for the project to move forward. While the H2R project addresses only a portion of our housing crisis on Maui, it may have an important role to play nonetheless. Learn more at MauiNow.

Mahalo Nui Loa,

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

The Smith Team

 

P.S. Congratulations to local business owner, Heidi Cramer, of Maui Cookie Lab for her new brick-and-mortar cookie shoppe in Wailuku. You can still buy her amazing treats from either her upcountry Kula Malu Cookie Lab cart or at the Wailea Farmers Market. Read more about her delicious offerings here and plans to expand to the West side.

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Market Watch
 
Active
Pending
Sold
Change
Homes
182 (145)
198 (121)
1311 (708)
+14
Condos
146 (74)
330 (156)
2202 (613)
-1
Land
102 (54)
 50 (14)
350 (108)
NC
Total
430 (273)
578 (291)
3863 (1429)
+13
 
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

 2790 Olulani St 
2790 Olulani Street
Pukalani
$1.249M (FS)
There is an abundance of amazing bonuses to this home and neighborhood. Perched on the 17th fairway of the Pukalani Golf Course, you can enjoy views of the green space ahead as well as magical Haleakala. Soak up these views either from the expansive Lanai space or right from your pillow in the master bedroom.
 
59 Waipoli
59 Waipoli Road
Kula

$1.725M (FS)
Gaze at dramatic bicoastal views from Kahakuloa to Wailea from this charming Kula home. You will not want to leave this comfortable, yet elegant home that features a gas fireplace, a 20ft wide fully opening sliding door system to allow for indoor/outdoor living to the large covered lanai.
 
44 Lau
44 Lau Niu Way
Launiupoko

$2.195M (FS)
Bank Owned. Enjoy newly refinished wood flooring in the living room, and bedrooms. Exterior lanai easily accessible through large custom sliding glass doors. The oversized 2-car garage offers ample storage for tools, bikes, and surfboards. Relish coming home from a memorable beach day to your outdoor shower under the tranquil tropical sky.
341 Pualoa Nani
341 Pualoa Nani Place
Wailea

$2.85M (FS)
The two-story executive home is thoughtfully designed to maximize living spaces and has been meticulously cared for, with pride in ownership apparent. The open floor plan and spacious bedrooms seamlessly merge with covered lanais for quintessential island living. Lounge by the poolside and enjoy the serene setting with the magnificent waterfall as a background.
 

Homes Under $1M

205 Kono Pl
205 Kono Place 
Kahului
$750K (FS)
Bank Owned. This home is perfect for the handy person who would like to build sweat equity by upgrading a home. Located at the end of a cul-de-sac in the heart of Kahului, this large home is on a large lot, leaving potential to expand or build an ohana or two! You'll love how the lot is flat, yet it is perched on a hill providing a nice open view of the valley. 
 
2851 Koea
2851 Koea Place
Pukalani

$825K (FS)
This 2 bedroom 2 bath “diamond in the rough” with attached studio is situated on a large 18,535 square foot parcel and zoned R-3, providing the opportunity to build additional accessory dwellings. This tranquil upcountry property also offers an abundance of mature fruit and citrus trees including lychee, mango, star fruit, guava, orange, lemon, longan, peach, and also macadamia nut.
 
109 Healani
109 Healani Place
Pukalani

$850K (FS)
This home sits on approximately 12,000 square feet of land in an established neighborhood in Pukalani. Home is close to many amenities Upcountry has to offer close to schools, shopping, restaurants, medical facilities, and more. The spacious yard has fruit bearing trees such as mountain apple and peach along with lots of space to grow your own food. 
 
17
17 Aoiki Street
Haliimaili

$850K (FS)
A darling 1942 plantation fixer upper in Haliimaile. 3 bedroom 1 bath with high ceilings, spacious kitchen, original wooden floors and vintage windows. porcelain sink & counter top with hardwood cabinets. cute country bathroom with a shower stall and a nice vanity.
 
3336 Kihapai
3336 Kihapai Place
Pukalani

$980K (FS)
A charming redwood plantation home built in 1969. Located in the Makani Subdivision in Pukalani, it’s been stylishly restored leaving many of the original elements intact, specifically, the single wall construction, glass jalousie windows, open beam ceilings in the living rooms and the mid-century freestanding fireplace, all remain.

Vacation Condos Over $1M

Kihei SurfsideKihei Surfside 212
Kihei

$1.025M (FS)
Kihei Surfside has an open feel with remodeled kitchen with granite counters. The dining area, living room, kitchen and lanai all have ocean views. It is a one bedroom unit with en-suite bathroom and another half bathroom. All bathrooms have been remodeled. Sit on your lanai and hears the waves while the view mesmerizes. 

Customer Listing Synopsis

naluKamaole Nalu 504
Kihei

$1.499M (LH)

This is a gorgeous, remodeled 2 bedroom, 2 bath, ocean view condo at Kamaole Nalu. Premium upgrades throughout the unit, including wooden cabinets, granite countertops, stainless steel appliances, and every possible amenity. Tiled lanai Loaded with every possible amenity.

Customer Listing Synopsis

waileaWailea Ekolu 1508
Wailea

$2.195M (FS)
This 2 bed, 2 bath unit boasts panoramic ocean & golf course views, captivating high-vaulted ceilings, and sophisticated modern interiors. Jaw dropping views and abundant natural light pour in through floor-to-ceiling windows, accentuating the unit’s open concept living room and upgraded kitchen. 

Customer Listing Synopsis

Puamana
Puamana 136-2
Lahaina

$5.995M (FS)
Spectacular oceanfront 4 bedroom 4 bath in a great location close to beach access and all the amenities of Puamana. This is Maui oceanfront living at its best on the sunshine coast of Lahaina. Relax on your lanai or private upstairs deck enjoying the sound of the surf while watching surfers, whales, turtles, sailboats, and spectacular sunsets. 

Vacation Condos Under $1M

Lahaina ShoresLahaina Shores 316
Lahaina
$588K (FS)
Enjoy the spectacular sunrise from your private balcony/lanai or step down to the lushly landscaped pool deck area and enjoy the panoramic turquoise waters, swaying palm trees and passionate sunsets overlooking the island of Lanai. In the winter months, Lahaina Shores Resort is the perfect location to watch the whales breach and play.
Kamaole SandsKamaole Sands 3-202
Kihei
$875K (FS)
This is a one bedroom two bathroom interior unit with a large lanai that seats six comfortably. It has a renovated kitchen and master bathroom and is a vacation rentable condo across from one of the most beautiful beaches for swimming and sunsets, Kamaole Beach Park III. 

Customer Listing Synopsis

Kaanapali RoyalKaanapali Royal Q-301
Kaanapali

$995K (FS)

Great opportunity to own in one of Maui's premier resort condos, Kaanapali Royal. Gated vacation rental complex located on Kaanapali Golf Course and just minutes away from world renown Kaanapali Beach and Whalers Village where amazing restaurants and shopping awaits.

Customer Listing Synopsis

 

Residential Condos Over $1M

Opukea at Lahaina
Opukea at Lahaina
Lahaina
$1.3M (FS)
The open great room creates a perfect space for entertaining, while the walk-in shower and jacuzzi spa of the master bath create a true feeling of escape in a West Maui retreat. Enjoy the elevated seclusion on the dual covered lanais with expansive island views overlooking lush, tropical-garden landscaping.
Hokulani Golf VillasHokulani Golf Villas 73
Kihei
$2.295M (FS)
Arguably One of Maui’s Best Value Luxury Home Offerings Available Now. Come see this exquisitely stylized, luxury home with peekaboo ocean views, and upgraded finishings throughout. Built in 2020, this highly desirable corner lot feels very private, and boasts peaceful garden and mountain views in addition to stunning golf course views.

Customer Listing Synopsis

Video/Virtual Tour

Residential Condos Under $1M

Harbor Lights Harbor Lights D-321
Kahului

$225K (FS)
Affordable 2 bedroom unit conveniently located in Central Kahului. This immaculate ocean view condo is literally 5 minutes from all the shopping and conveniences of Central Maui, including University of Hawaii Maui Campus and just steps to Queen Ka'ahumanu Shopping Center.

Customer Listing Synopsis

Iao Gardens Iao Gardens 308
Wailuku
$459K (FS)
This 2 bedroom, 2 bathroom Iao Gardens unit has vaulted ceilings with exposed beams, ceiling fans and large windows to let in natural light and cool valley breezes. Views of Iao Valley can be enjoyed from the covered lanai. A loft in the primary bedroom has a large window and could be used as office space or reading nook. 

Customer Listing Synopsis

Southpointe at Waiakoa
Southpointe at Waiakoa 10-101
Kihei

$599K (FS)
This pet-friendly 2 bedroom 1.5 bath ground floor unit is located along Kenolio road with 2 assigned parking spaces and ample street parking. The large private yard comes with fruiting pink eureka lemons, a golden nugget mandarin, 2 Meyer lemon trees, and a thriving Lilikoi vine.

Customer Listing Synopsis

Vacant Land

805 Kukia 805 Kukia Place Lot A
Kula
$489K (FS)

Ready and waiting to build your Maui dream home, this CPR property for the main home has mountain and ocean views across Maalaea Bay. It is situated at the top of a cul-de-sac, nestled in a quiet, well-established neighborhood.

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
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