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
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Issue 946 April 20th, 2021


In this newsletter:

New Beachfront Estate

892 S Kihei Road

892 S Kihei Road
$5.5M (FS)

Customer Listing Synopsis


Market Update

On March 10th of last year just prior to the State imposed quarantine restrictions going into effect and essentially shutting down all tourism, we had 438 Homes for sale and 454 Condos in Maui County (Includes Lanai and Molokai).   As one might have expected, when vacation condo owners could not rent out their condos for the following 7 months, many of them decided to sell.

On October 7, the Condo Inventory had increased to 743 units actively for sale, but at the same time the number of homes decreased to only 321.  Even though the condo inventory increased by over 60%, prices for the most part did not drop.

As of today, there are 301 condos for sale and only 199 homes.  Everything is selling now and prices are increasing….especially for homes.  Affordable homes on Maui are an oxymoron.  Try and find a decent home that is not a tear down for under $600K.  It is almost impossible these days.

Of course, this is exactly what you like to see if you are thinking about selling.  List your property at a reasonable price close to the last comparable sale, and you will most likely sell it at or above list price within a week.

The news is not all bad for buyers.  After spiking in February, interest rates have dropped back down somewhat.  You can still get a 30 year fixed rate loan for 3% with no points.  

If you are thinking of buying or selling, we would love to help you.

Mahalo Nui Loa,

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

The Smith Team

P.S. - According to YouGov, Americans ranked all US states from best to worst and Hawaii is the most popular state in the nation.  We definitely do have beautiful beaches and warm weather here on Maui.
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199 (154)
278 (133)
1141 (417)
298 (72)
457 (93)
1519 (350)
186 (80)
 101 (31)
292 (51)
683 (306)
836 (257)
2952 (818)
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.

January 2021
February 2021

Homes Over $1M

3390 E Lani Ikena Way
3390 E Lani Ikena Way
$2.3M (FS)
Enjoy easy indoor-outdoor living from this beautiful home on one of the largest lots in the prestigious gated community of Wailea Pualani Estates. Well-positioned on a flag lot, the landscaping provides great privacy in both the front and back yards, making both ideal settings for entertaining. This 3 bedroom, 3.5 bath home lives like a single story home, but offers the flexibility of an upstairs bedroom with an en suite bath that can function as the master. 
3414 Akala Drive
3414 Akala Drive
Maui Meadows
$1.648M (FS)
Custom built Maui Meadows home, located right at the entrance to Wailea, luxurious resort community. Near five-star restaurants, beautiful beaches, stellar golf courses, and shopping. Over a half-acre of private, fenced in property, with the main residence consisting of 5 bedrooms, 4.5 baths, 10-foot ceilings, fire sprinkler system, fire rated doors, and marble floors.
2576 Alohia Place
2576 Alohia Place
$1.395M (FS)
Welcome to a home with a casual and clean approach to life. The ease and country feel of this half-acre property presents a minimalist's dream in a sunkissed location. The gorgeous ocean views and sunlight fill large windows bringing bright and sunny hues of Maui throughout all parts of the home.

Homes Under $1M

482 Pauu Street
482 Pauu Street
$825K (FS)
This quaint and cozy 2 bedroom, 2 bathroom single family home has the most fabulous mountain views. Quiet and private, this home was newly built in 2019 complete with a covered front porch overlooking a beautifully landscaped yard and underground pool with rock water feature. This gem is unfurnished and ready for your personal touches. Vaulted ceilings throughout make for an open and airy feel.
21 Poniu Circle
$750K (FS)
This 4 bedroom, 3 bath home is located in a convenient location near supermarkets, schools, stores and more! There is one bedroom downstairs and the bathroom has a walk-in shower. The three other bedrooms and two bathrooms are upstairs. Property has a low-maintenance yard (SYN Lawn) which is a plus for busy families. There is an owned photovoltaic system, an EV (electric vehicle) charging dock, and fenced-in back yard.
2665 Kaupakalua Road
2665 Kaupakalua Road

$825K (FS)
Endless possibilities start here! A true private jungle oasis awaits! See yourself living the quiet life within a unique Maui sanctuary. 2.5 acres of lush land with an abundance of already fruiting trees and a seasonal stream completes the feel of being fully immersed in mother nature.
3506 Baldwin Ave
3506 Baldwin Ave
$845K (FS)
Great Makawao single-level house as your home or income property, next door to Makawao Elementary School. This house has survived the test of time! Built in 1951, and remodeled in 2017, this 4 bedroom, 2.5 bath home is set up for a large family or several tenants.

Vacation Condos Over $1M

Royal Mauian 210
Royal Mauian # 210
$1,599,999 (FS)
Welcome to Royal Mauian. This 2 bedroom, 2 bath has been owner occupied since 2008. It has not been entered into a rental pool in over 13 years so it has been well kept and maintained. Entry way, kitchen and living room have sculptured ceilings and each bedroom and living room is outfitted with Mini split AC systems which were installed 6 months ago.
Wailea Ekolu 502
Wailea Ekolu # 502
$1.250M (FS)
Inspiration lives well at the Wailea Ekolu 502, where sky, sea, and the splendor of Wailea unfold across this exceptional 2 bedroom, 2 bath condominium. With panoramic ocean views, modern high vaulted ceilings, and an unrivaled central location, this condo has it all.
Puamana 175-2
Puamana # 175-2
Lahaina Town
$1.225M (FS)
Wonderful, fully equipped 2 bedroom, 2 bath Lahaina Town home – great Puamana location & value! This home offers an expansive two story floor plan with kitchen, dining, living room and master bedroom downstairs enjoying a beautiful tropical greenbelt and spacious 28 foot lanai. Upstairs is a loft bedroom with king bed, separate TV area and storage closet.


Vacation Condos Under $1M

Whaler I 2
Whaler l # 410
$954K (FS)
Bank Owned-Don’t blink and miss this spectacular opportunity to own a piece of Aloha on the magical Valley Isle of Maui. A short stroll to the renowned Black Rock Beach, Kaanapali Beach, world class cuisine, golfing, boutique shops, and numerous outdoor recreational activities. This residence boasts a convenient location with ocean views, air conditioning, two bathrooms, an open floorplan and lanai ideal for both relaxing and entertaining.
Kahana Manor # 710PH
$750K (FS)
Enjoy ocean and mountain views from this seventh (top floor) penthouse unit at Kahana Manor. This private location is the original developer's personal unit he built for himself and features central AC, a spacious kitchen with butcher block counter tops and a gas stove, perfect for the home chef. 
Kulakane 301
Kulakane # 301
$988K (FS)
Very rare top floor, corner oceanfront unit with wrap around windows and lanai. 180 degree best view on Maui with incredible sunsets, whales, turtles, views of Molokai and Lanai, snorkeling, and endless ocean breezes. Top performing rental unit with strong history of returning guests.  Remodeled in 2015.
Kamaole Nalu
Kamaole Nalu # 402

$725K (FS)
This is a rare opportunity to own an outstanding superior upper level ocean view 2 bedroom, 2 bath oceanfront unit at Kamaole Nalu located in South Kihei.Comes turn key and fully furnished.  Enjoy panoramic ocean views of two of South Kihei's best beaches, Kamaole Beach Park I and II and direct beachfront access.


Residential Condos Over $1M

Wailea Fairway Villas
Wailea Fairway Villas # A103
$1.195M (FS)
E komo mai to this charming 3 bedroom, 3 bathroom plus a den townhouse with the every aspect of a home. The sense of spaciousness is found at every moment, from the prominent entry with sweeping stairs, to double size master bedroom with a framed Pacific profusion showcasing the changing nature of the Ocean and the glory of the Haleakala Volcano.

Residential Condos Under $1M

      Flats at Kamalani   
Flats at Kamalani # 3608

Bank owned - Property is situated in the Flats at Kamalani Condominium Project in North Kihei. Property is conveniently located for easy access to Wailea, Lahaina, Wailuku, Kahului, and Airport. Property is an REO but is in clean condition with a fresh coat of paint in the interior. 
Maui Lani Terraces
Maui Lani Terraces # B102
$309,900 (FS)
Rarely offered 2 bedroom, one bath, unfurnished, fee simple condo in Maui Lani Terraces. Near the pool, barbeques and rec room which makes for a very convenient location. Two bedroom units do not hit the market and this condo has been in a long term rental program for 16+ years and is ready for a makeover.
Kihei Shores
Kihei Shores # C005

$379,000 (FS)
If you love privacy and not having the hot, beaming sun into your space, this 2 bedroom, 2 bath condo in South Kihei is perfect for you! Being below-street-level and not being hit with direct sunlight, this condo unit stays pretty cool throughout the day. Kihei Shores C005 is a perfect starter home or for a "home-away from home".
Vacant Land
653 Kauhikoa Road Lot B
$465K (FS)
Welcome to Haiku Kauhikoa Farms Development! This beautiful land offers so much for the imagination to run wild. The land is perfectly flat for you to start farming and to build your dream home. From the property there are ocean views to the north, Haleakala views to the south and east.
The Smith Team
(808) 572-0866
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Coldwell Banker Island Properties
#B-35 3750 Wailea Alanui Drive
Wailea, Hawaii 96753

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