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Aloha ,
Market Update
Predictions for home sales in 2017 are in from The National Association of Realtors, The Mortgage Bankers Association, Fannie Mae and Freddie Mac and they are hot.
The bullish forecasts predict over 6 million existing home sales for 2017, compared to a predicted 5.8 million for 2016. This increase is attributed to the Millennials (also known as Generation Y) who have delayed home buying compared to older generations are now emerging in the market.
New home construction is also predicted to pick up to 1.5 million homes per year.
Have a wonderful week,
Lindsey for The Smith Team
Ken, Melissa and Lindsey
P.S. - Last week the Made in Maui Marketplace launched online. The new site allows local business such as Fruit Jewels, Alohi Images and Exfolicare to sell their Maui-made products globally, year round.
Melissa Smith R (B), Ken Smith R (S), Lindsey Taylor 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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494 (272)
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236 (43)
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1065 (195)
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+4 |
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Condos
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747 (172)
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212 (22)
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1260 (163)
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+4
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Land
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350 (134)
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33 (5)
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155 (22)
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+2 |
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Total
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1591 (578)
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481 (70)
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2480 (380)
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+10 |
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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
541 Kupulau Drive
Maui Meadows
$1.285M (FS) |
Over a half acre of land with unobstructed ocean views with multiple structures and generous rental income in place. Main home has 3 bed, 2 baths upstairs and 2 studios downstairs. Ohana consists of 2 bed, 1 bath with a large exterior lanai with ocean views. Currently $7,100/month in rental income.
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81 Pihaa Street
Kaanapali
$1.988M (FS) |
This is the famous gem of Kaanapali Hillside, a legendary classic home. Custom 4 bed, 4.5 bath beautiful home offers 4,486 sq. ft. of living area and a 2.5 car garage on a 12,155 sq ft lot with commanding ocean views that overlook the private community park. This fully furnished home features a pool and 3 car garage.
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213 Omalu Place
Kapalua
$4.295M (FS) |
This 4 bed, 4.5 bath home sits perfectly atop the Plantation Estates and looks out to the spectacular West Maui sunsets. Completed in 2010, the property boasts amazing panoramic views out to the luxury enclave of the Kapalua Resort and onto the Pailolo Channel and the islands of Molokai and Lanai.
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Homes Under $1M
2803 Panepoo Street
Kihei
$504.4K (FS) |
Bank Owned - Great investment opportunity in beautiful south Kihei. Home offers spacious open beam living room, eat-in kitchen, and a covered and screened back lanai. There is a spacious wood shed/work area between the main house and attached 2 bed, 1 bath cottage. Close to beaches, shopping, restaurants, banks and schools.
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220 Kenolio Road
Kihei
$539K (FS) |
Great Value - Two homes on a 10,002 sq. ft. lot. Recent improvements include newer roofs, some new laminate flooring, new interior paint, exterior trim & ceiling fans. Main home is 3 bed plus den and 1.5 bath with gas range/oven. Ohana unit is 2 bed, 1 bath plus a family bonus room.
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377 Aliana Place
Kihei
$595K (FS) |
This 4 bed, 3 bath house is located in a cul-de-sac. An ideal personal residence or rental property. New carpeting and laminate flooring throughout the home. This property has a very nice ocean view and a large, fenced backyard with citrus fruit trees and room for a garden.
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500 Laie Drive
Makawao
$865K (FS) |
Beautiful 1.59 acre lot in Makawao with a 2 bed, 2 bath main home with an enclosed basement and detached 1 bed, 1 bath ohana. The main house features charming open beam ceilings and a wide wrap around deck. The long concrete drive leads down to the main house and to the 2,400 sq. ft. barn.
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3876 Mahinahina Street
Lahaina
$912.5K (FS) |
This extended family two story main house has 2 bed, 1 bath downstairs and loft style 1 bed, 1.5 bath upstairs with separate entrances. Having both a spacious upper level deck and a separate yard area below allows for each to enjoy their own outdoor space. One car attached garage plus plenty of driveway parking.
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Vacation Condos Over $1M
Whaler #859
Kaanapali
$1.05M (FS) |
Priced Reduced - Prime 8th floor location on the south side of Tower II. This 1 bed, 1 bath condominium offers stunning views of Lanai and south Kaanapali Beach. Recent upgrades to the condominium include new carpet, new drapery, and interior paint. Picture yourself living beachfront on one of the top beaches in the world.
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Kaanapali Alii #2-204
Kaanapali
$1.1M (FS) |
Beautiful 1 bed, 2 bath located on the second floor at the beautiful Kaanapali Alii. This unit is a 1 bedroom plus a large den that doubles as a second bedroom. The den has its own bathroom. The large lanai offers lush tropical garden views. Living area features hardwood floors and casual tropical decor.
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Kaanapali Alii #1-502
Kaanapali
$1.725M (FS) |
Enjoy ocean views from this 5th floor unit overlooking the courtyard and the designated quiet pool of Maui's finest beachfront condominium. Large den with full bath is comfortably used as a second bedroom essentially making this unit a 2 bedroom 2 bath.
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Wailea Beach Villas #208
Wailea
$2.8M (FS) |
This exclusive community offers luxurious on-site amenities and is walking distance to the Shops at Wailea and Wailea's five star hotels, fine restaurants and world class spas. Roomy, best describes this elegant and spacious unit at the Wailea Beach Villas. Largest of the penthouse floor plans, featuring 3 beds, 3 full baths and a den.
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Vacation Condos Under $1M
Napili Shores #D-126
Napili
$395K (FS) |
This ideal, ground level, turnkey, garden view, remodeled studio unit at Napili Shores is a perfect fit for those in search of a home away from home. Unit D-126 is currently a succesful vactaion rental ran by the owners and furnished with not one, but two queen size beds, a full kitchen and outdoor lanai.
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Royal Kahana #315
Kahana
$467K (FS) |
Conveniently located next to all amenities, this 1 bed, 1 bath fee simple unit at the Royal Kahana is a 5 minute drive to Kaanapali and Kapalua. The maintenance fee covers all utilities including electricity. Enjoy this large, 777 sq. ft living area that sleeps four and has central air conditioning. Comes fully furnished.
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Maui Parkshore #110
Kihei
$475K (FS) |
Ground floor 2 bed, 2 bath vacation rentable condo directly across the street from popular Kamaole III Beach Park. Relaxing pool and BBQ area just steps from your unit. Shopping, dining and amenities nearby. Recently installed bamboo flooring in the main living area, tile flooring in the kitchen and window coverings throughout. Comes furnished and turnkey.
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Wailea Ekolu #103
Wailea
$670K (FS) |
This 2 bed, 2 bath first floor unit has a covered lanai leading out to a grass area that allows for indoor/outdoor living. The living room and kitchen are all one large room so it offers the feel of a small house. This is an excellent opportunity to get an ocean view 2 bedroom unit in Wailea at an affordable price.
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Puamana #177-3
Lahaina
$810K (FS) |
This custom Bali beach villa with spacious two story floor plan exudes a feeling of joy, happiness and Aloha. Whether its location, comfort, adventure, value, or peace you are looking for this beautiful remodel nestled in Puamana has it all with numerous upgrades including a quality granite kitchen, antique mahogany bar, teak doors, coconut flooring, and ocean views.
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Mahana #715
Napili
$949.95K (FS) |
Rarely available 1 bed, 2 bath floor plan. This 7th floor location offers expansive views of the sunset into the Pacific Ocean with the islands of Molokai and Lanai as the backdrop. Situated on five acres with lush tropical landscaping, the Mahana is comprised of two 12-story buildings situated directly on Kaanapali Beach with beach front views from every unit.
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Residential Condos
Haleakala Gardens #12H
Kihei
$360K (FS) |
Open and bright 3 bed, 2 bath upstairs corner unit at Haleakala Gardens. Freshly painted and immaculately cleaned, this unit is located in the back of the complex and overlooks the interior grounds. It features high open beam ceilings and has a storage attic. Haleakala Gardens is a pet friendly complex that is right across the street from the ocean in North Kihei.
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Kehalani Gardens #802
Wailuku
$385K (FS) |
Comfortable 3 bed, 2.5 bath townhouse conveniently within walking distance to grocery stores, parks, and bus stops. Enjoy the fresh and cool Iao Valley breeze and waters. Minutes to the hospital, malls and the cultural center. Freshly painted with new windows and move in ready.
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Masters #3905
Kaanapali
$574.9K (FS) |
Dramatic ocean and outer island views from the upper road location within the Masters. This ground floor apartment was tastefully renovated recently with diagonally set travertine flooring throughout the main living areas and Brazilian Rosewood laminate flooring in the bedroom. The bath was redone with a fully tiled walk-in shower, new cabinet with granite counter and dual sinks.
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Hawealani #201
Kihei
$679.5K (FS) |
Wonderfully positioned 3 bed, 2 bath condominium unit situated across the street from the ocean and between Charley Young Beach and Cove Beach Park. Watch the beach and check the waves right from your lanai or your master bedroom.
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Vacant Land
3267 Akala Drive
Maui Meadows
$429K (FS) |
Price Reduced - Build your dream home on this lot which has been recently cleared. County water meter already installed.
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108 Keahilele Place
Kaanapali
$489K (FS) |
Lot 32 Ph 2 is a large half acre lot at an excellent value. This lot has a great view plane to the South overlooking Lahaina town. Lanikeha is an exceptional place with commanding views of renowned Kaanapali , and the Islands of Lana`i and Moloka`i. Amenities at Lanikeha include an exclusive recreational facility with infinity edged pool, fitness center, hydro-spa and much more!
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