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 968 September 21st, 2021


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  (1)

New Properties 

Price Reduction

Short Sales
Land (1)
New Properties 
Price Reductions  

Beautiful Upcountry Estate


75 Opalipali Place
$5.25M (FS)

 Is it a Good Time to Sell My Home?


You may be wondering if now might be a good time to sell.  Today, there was a condo that sold in Keala O Wailea for $2.26M which was $20K over the asking price.  In June of 2020, this same condo sold for $1.24M.  Granted there were some upgrades done by the Seller after they bought, but roughly a $1M increase in value in 14 months’ time is phenomenal appreciation.

Of course, not every owner on Maui has experienced this type of appreciation in the last year, but we can tell you that on average home and condo prices are up well over 30% in the last 12 months.  

Inventories are still severely limited.  In fact, there are currently only 8 Active Listings in all of the Wailea/Makena area.  Looking at the overall Inventory of condos in our MLS which includes Maui, Molokai, and Lanai, there are currently 125 Active Listings.  A year ago, there were 760 Active Condo Listings which is equivalent to an 84% reduction in the number of units for sale.

If you want to sell but you are waiting because you believe the market will continue going higher, you should consider this from someone who has been selling real estate for over 30 years here on Maui.  It is nearly impossible to sell at the top or to buy at the bottom.  You won’t know when the top has been reached until at least several months after the fact.  By that time, you’ll find that prices may have declined by 10% or more.

Please call us if you would like to find out how much your property is worth. 

Mahalo Nui Loa,

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

The Smith Team

P.S. Major cleanup underway in Kanaha Park Sanctuary area.


Follow Us
facebook twitterlinked-round-flat   instagram-logo-icon-vector-29228004 (2)   
Market Watch
192 (150)
238 (97)
1349 (628)
124 (39)
324 (130)
2238 (533)
140 (63)
 65 (22)
403 (95)
456 (252)
627 (249)
3990 (1256)
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.


Homes Over $1M

80 Kaupea
80 Kaupea Street

$1.275M (FS)
The main house has a great floor plan with most of the living area on the ground floor and the master suite on the 2nd floor. It also has a nice size laundry room with a half-bath as you enter from the carport or side yard. One of the downstairs bedrooms has an en suite bath as well as an exterior door leading to the yard. 
 1140 Nanihoku 
1140 Nanihoku Place

$2.5M (FS)
The property has 4 dwellings in total, including a 5 bedroom, 2 unit main house, two, 1 bedroom dwellings, and one, 2 bedroom unit. There are also 2 storage sheds, a workshop currently used for jewelry making, and a large, groovy livable school bus with its own outhouse.
112 Kawehi
112 Kawehi Place
$3.5M (FS)
Surrounded by lush green grass, lovely fruit and native trees and gardens, the path to the front door is covered by the delicate blue blooms of a wisteria trellis. Beautiful eucalyptus floors grace the front entry with a step down to the living room with the great stone fireplace and the view.
100 Wailea Ike Drive
$4.75M (FS)
A detached yoga studio is just one of the unique features included in this custom 3bedroom, 3.5 bath, 3389 sf residence, making every day feel like you're waking up in a five star resort. The indoor-outdoor floor plan is the perfect blend of modern luxury and island living.

Homes Under $1M

316 Kulalani
316 Kulalani Drive
$795K (FS)
This comfortable 3 bedroom 2 bath home is located off Kulalani Drive in Kula. The weather is ideal with warm days and crisp nights, perfect for enjoying your large outdoor living and cozy fire place. This duplex style two story residential condo consists of 2 bedrooms, 1 bath upstairs and an additional bath, bedroom, kitchen and livingroom on the first level. 
1012 Hiehie St
1012 Hiehie Street
$925K (FS)
This single level 3 bedroom, 2 bath is move in ready with an open plan that features tile flooring, remodeled kitchen with spacious granite counters, huge island, wood cabinets and stainless appliances. You will love the bay window over the large farmhouse stainless sink, new dishwasher, and wine cooler.
8075 Hana Hwy
8075 Hana Highway
$987.5K (FS)
Property has sweeping ocean views and is set in a lush tropical (almost) half acre parcel, with a beautifully remodeled home. Beautiful tiled floors throughout look like wood, stainless appliances, maple cabinetry, light and bright kitchen, skylights, and energy efficient double paned vinyl windows.
2797 Panepoo
2797 Panepoo Street
$999K (FS)
These plans are for a 480sqft master bedroom, bathroom, walk in closet and are included with the sale. The SMA permit has been completed and the permit has been started for the addition. All you need to do is hire your contractor and build. There is still time to alter the plans should you desire something different.
3D/Video Tour

Vacation Condos Over $1M

Maui Kamaole
Maui Kamaole A-112 
This condo has been updated throughout, adding the second bedroom to the large living room, fully permitted. Great ocean views from living room, kitchen, guest bedroom and lanai. New flooring, cabinets, vanities, quartz counter tops to name just a few of the many upgrades. 
Royal Kahana
Royal Kahana 510
The Royal Kahana is a premier beachfront resort located halfway between Kaanapali and Kapalua. This elegant, newly renovated condominium unit has a spacious living area plus wrap-around lanais with spectacular ocean views.

Kaanapali Shores
Kaanapali Shores 601
The sunsets are beautiful and whale watching from the 6th floor is incredible. This villa offers approx. 2,000 square feet of usable space including the lanai. With its corner location, the large living room is surrounded by glass sliders so you have a great view from anywhere in the living room, dining area or kitchen.


Vacation Condos Under $1M

Kalama Terrace
Kalama Terrace L-308
$450K (FS)
This condo for sale in South Kihei on Maui has a well maintained interior, peek a boo ocean view and great location one block from the ocean. Beach Retreat L308 is a top floor unit with no neighbors above moving around, so you have more peace and quiet.  
Aina Nalu J-208
$689K (FS)
Aina Nalu is in the heart of historic Lahaina Town and two blocks from world famous Front Street. It is within walking distance to the harbor, shopping, restaurants and art galleries. Don’t miss your opportunity to own this special property. It won’t last long.
Kamaole Sands 8201
$925K (FS)
Tastefully renovated literally from floor to ceiling and move in ready, this beach retreat comes complete with 3 zone energy efficient split AC and a murphy bed for all the guests who will be scrambling to visit. Updates include cabinets, countertops, furnishings, flooring, appliances, fans, lighting, and more. 

Residential Condos Over $1M

Ke Alii Ocean Villas P-204
$1.19M (FS)
Extremely well kept by resident owners, this second floor, 2 bedroom, 2 bath unit with large loft, boasts plenty of upgrades. Central air conditioner was replaced in 2018. New refrigerator in 2019. Electric sunshades on lanai adds to cool down entire home. All new carpeting and paint in 2020.
Na Hale O Makena
Na Hale O Makena E-201

$2.585M (FS)
Single level living with 3 bedrooms, 2.5 baths, nine foot ceilings, travertine floors, granite counter tops, custom cabinetry, top of the line appliances, and 3 zone central air conditioning. Only 40 apartments on over 6 acres of lush landscaping. 
Coconut Grove A-2

$3.7M (FS)
Enjoy Panoramic views from this spectacular residence which includes three large bedrooms, three and half baths. Coconut Grove is located on World Famous Kapalua Bay. Amenities include pool, fitness center, party room with kitchen, outdoor grill, outdoor shower.

Residential Condos Under $1M

Puuone Towers and Plaza 402

$290K (FS)
Beautiful 2 bedroom, 1.5 bath updated unit with wonderful ocean and mountain views centrally located in Wailuku at Puuone Towers and Plaza. Upgrades include laminate wood and tile flooring, renovated kitchen and baths with Corian countertops, stainless steel appliances, and a newer full-sized stackable washer/dryer. 
Iao Gardens
Iao Gardens 110
$379K (FS)
Great 2 bedroom 2 bath in Iao Gardens. Partial remodel done but move in ready. Two parking stalls.
Kehalani Gardens 1102
$530K (FS)
This is a lovingly remodel with wall to wall wood laminate flooring on the first floor, upgraded carpeting throughout the upstairs, fresh interior paint on the inside and out, ceiling fans, and dual pane vinyl windows and sliding doors. The master bedroom features a high cathedral ceiling with a walk-in closet and double vanity in the master bathroom. 
Vacant Land
25 Hanui Street Lot B
$2.295M (FS)
This incredible property prepped for building, is your fresh canvas on which to realize your ultimate Maui escape. We have relationships with the leading builders on Maui who are ready to help you bring your Maui dream home to life. 
The Smith Team
(808) 572-0866
facebook    twitter    linked-round-flat    instagram-logo-icon-vector-29228004 (2)  

Click to view this email in a browser

If you no longer wish to receive these emails, please reply to this message with "Unsubscribe" in the subject line or simply click on the following link: Unsubscribe

Coldwell Banker Island Properties
#B-35 3750 Wailea Alanui Drive
Wailea, Hawaii 96753

Read the VerticalResponse marketing policy.

Try Email Marketing with VerticalResponse!