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Market Update
It is still too early to tell if Hawaii and Maui, in particular, will suffer severe aftereffects as a result of the recent devastating earthquake and tsunami in Japan.
It is clear that there will be less Japanese visitors to Hawaii during the next 12 months. How severe the downturn will be remains to be seen.
We have also noticed in the last two weeks that some people from the mainland have cancelled their reservations for this summer. They cited concerns over possible radiation fallout, and damage from the tsunami.
Maui is as pristine as ever! The minimal damage has been cleaned up, and as far as radiation concerns, we feel those have been way overblown.
Ask yourself. Where do you think prices will be five years from now? We believe that people who buy now or anytime in the next 12 months, will be very happy they did.
Have a wonderful week!
Mahalo Nui Loa,
The Smith Team
P.S. Doobie Brothers return to Maui.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
 
Market Watch for March 21st, 2011
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Active |
Pending |
Sold |
Change |
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Homes |
799 (315) |
268 (34) |
828 (96) |
-11 |
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Condos |
1191 (234) |
259 (17) |
1162 (147) |
+7 |
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Land |
537 (126) |
26 (7) |
124 (11) |
+3 |
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Total |
2527 (675) |
543 (58) |
2114 (254) |
-1 |
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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
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1011 Upper Ulumalu Road
Haiku
$1.2M (FS)
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This peaceful and private 3 bedroom / 3 bath plantation style home is located on 4.4 acres in Haiku. It is a single level home upgraded with travertine tile, bamboo floors, built-in book shelves, solar water, and granite counter tops. All bedrooms have sliders that lead out to a covered lanai where you can enjoy your ocean views. There is a separate large 2,652 sq. ft. workshop with an office and bath that can hold 3 or more cars.
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Homes Under $1M
1667 S. Kihei Road #H
Kihei
$246.9K (FS) |
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Bank Owned. This is no sleeper. Get this 3 bedroom, 2 bath Kihei home before its gone. Located in a tropical and private setting, Sleepy Hollow is ideally located to nearby amenities and beaches.
Customer Listing Synopsis
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209 Paka Place
Kihei
$250K (FS) |
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Bank Owned home in North Kihei. Lots of potential. Fenced lot with covered parking.
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25 Ohia Leo Place
Wailuku
$448K (FS)
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Bank Owned. Large 2 story, 5 bd. 3 bath home located on a cul-de-sac in the Ohia at Kehalani Ph II Subdivision. Home features vaulted ceiling in living room, a nice kitchen with dining area, master suite and powder room all on the lower level.
Customer Listing Synopsis
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231 Keonekai Road
Kihei
$471K (FS)
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Bank Owned. Large home with attached ohana. Located walking distance to Kamaole III beach.
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Vacation Condos Over $1M
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Makena Surf B-206
Makena
$2.485M (FS)
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Luxury Beachfront Complex. "B" building commands highest rental incomes, since it sits directly on the sand. The Beautiful low density complex is gated, with tennis courts, 2 pools with spa's, and, of course, spectacular year-round sunsets! Spectacular whale watching.
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Vacation Condos Under $1M
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Nani Kai Hale #603
Kihei
$355K (FS)
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Welcome to the Beach. Panoramic ocean & mountain views from the top floor. This Beachfront property offers heated swimming pool, BBQ area, & large lawn area fronting 5 miles of white sandy pristine beach.
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Kapalua Ridge #915
Kapalua
$569K (FS)
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Ridge end-unit townhouse features ocean views including "Honolua Bay"! 2007 major remodel including coved mood lighting and tasteful decor. Low density tree lined neighborhood, covered parking.
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Kapalua Bay Villas 17B4
Kapalua
$625K (FS)
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Bank Owned. World Renowned location and fabulous spacious floor plan offering fabulous ocean views.
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Residential Condos
Kihei Shores E-301
Kihei
$179K (FS) |
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Great opportunity to own a 3 bedroom/2 bath unit with upgraded wood flooring at Kihei Shores. This complex is located right across from Kamaole Beach Park III.
Agent Listing Synopsis
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Kahana Ridge #223
Kahana
$249.9K (FS)
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Bank Owned. This unit was originally built as a 3 bedroom unit and at sometime was converted to a 2 bedroom offering a larger master bedroom. This complex sits along the west Maui mountain slopes and within walking distance to shopping, dining and other public facilities.
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Kanani Wailea #17
Wailea
$765K (FS)
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Short Sales. Luxurious and beautiful 2-story, 3 bedroom, 2.5 bath home offers wonderful ocean views from the kitchen, living room, master bedroom and master bath. This gorgeous home is large and spacious with lots of additional storage.
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Hokulani Golf Villas #10
Kihei
$974K (FS)
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The best of it all, single level living with the best in finishes and location. This brand new gated Hokulani Golf Villas Home offers all the benefits of a condominium but has the privacy of a single family home.
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Vacant Land
0 Piiholo Road
Olinda
$14.5M (FS) |
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Developer Opportunity. Includes water well and pump, sized & pump-tested to supply 1.7+ million gallons per day. Perhaps the best & most beautiful large agricultural development parcel in Upcountry Maui! Gorgeous setting & expansive ocean-views from this 260 Acres in Lower Olinda consisting of 9 separate parcels ranging from 15+ to 60 acres in size.
Customer Listing Synopsis
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