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 999 April 27th, 2022


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 (4)
Condos (1)
New Properties (3)
Price Reductions  

Short Sales
Homes (1)

New Properties

Price Reductions 

Rare Wailea


4406 Makena Road
$16.995M (FS)

Historical and Current Mortgage Rate Trends

Due to the Covid pandemic, interest rates in 2020 and 2021 fell to record lows below 3%.  Since then, interest rates have been climbing at a very fast pace to help combat inflation.  For the first time in a decade, the 30 year fixed rates have tipped over 5% in April. Despite all this, the interest rates are still much lower than the historical average. According to the historical data provided by Freddie Mac, between April 1971 and April 2022, the average 30 year fixed rate is at 7.78%. So, even though the rates are a little over 5% at the moment, it is still lower than the historical average. See below chart.

Article provided by


Mahalo Nui Loa,

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

The Smith Team


P.S. Five familiar restaurant chains will be opening this year on Ho'okele Street in Kahului, Chick-fil-A, Raising Cane's, Sonic, Taco Bell, and Teddy's Big Burgers.

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Market Watch
172 (140)
221 (137)
1316 (702)
140 (73)
352 (162)
2271 (630)
110 (54)
 50 (14)
365 (111)
422 (267)
623 (313)
3952 (1443)
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

 k omo 
532 Komo Ohia Street
$1.299M (FS)
Breathtaking newly remodeled 4 bedroom, 2.5 bath single family home located on the mountainside of Wailuku in the master planned community, Ohia at Kehalani. As soon as you enter the main living area, you will see high ceilings with recessed lights and lots of windows to bring in the natural light.
3897 Mahinahina Street

$1.5M (FS)
This beautiful 5 bedroom, 3 bathroom home located in the Mahinahina neighborhood of Napili/Honokowai in West Maui. The property is a short walk from Mahinahina Beach and offers sunrise and sunset views from the second-floor lanai.
60 E Huapala Pl
60 East Huapala Place

$1.849M (FS)
"Fresh Air, Stargazing, Love and Romance, Quiet Spaces, Honest Folks, Life is Good" reads the sign at the entrance to this property and it's hard to beat this encapsulation of life at Hulukea farm. Befitting its Hawaiian name, everything at Hulukea is feather-like in its gentle connection with the land. 
129 Oili Rd
129 Oili Road

$1.95M (FS)
Bank Owned. Explore the many possibilities of this 6500+ sf compound, nestled on ten lush green acres with ocean views. This massive property is right above Maui's famous Pe'ahi "Jaws" Surf Break. The main home has 4 separate guest suites with ground level indoor pool & koi pond and rooftop look out area.
337 Aalii Way
337 Aalii Way

$2.395M (FS)
This island home in the gated community of Kaanapali Golf Estates, with sweeping views of the ocean, Lanai and Molokai, is being sold turnkey and furnished. With the kitchen and living upstairs, you'll love the large open plan living area which opens up to a huge lanai looking direct west for spectacular lingering West Maui sunsets each evening.

Homes Under $1M

815 Kuulei St
815 Kuulei Street 
$675K (FS)
This charming and privately situated 3 bedroom, 2 bath plantation home is located on a spacious 10,000+ sf lot. Property is recently remodeled and refreshed in 2022 and ready for you to make it your own. Flexible floor plan with beautiful sunroom with new paint and double paned windows boasting great views of the backyard and fruit trees.
34 Alaluana
34 Alaluana Road

$854K (FS)
Large open concept living space with kitchen, island with bar seating, wood stove with tile surround, and built-in window seat. 672 square foot wrap around deck is accessed by two sets of sliding doors and provides forest and garden views of three sides of the property. Twin built in-closets in the bedroom with en-suite bath. Kitchen and bath remodeled and repainted in spring of 2022. 
70 E Lipoa
70 East Lipoa Street

$899.9K (FS)
The home has an open living area great for entertaining a few friends or family. It’s a 4 bedroom 1 and a half bath unit. There is an outdoor shower enclosed that can be accessed from the primary bathroom for added convenience. The back yard has a gazebo adding a comfortable outdoor living space for entertaining or just hanging out enjoying the Kihei weather. 
171 Eleu
171 Eleu Place
$965K (FS)
The property boasts multiple living possibilities, with the main house area consisting of 3 bedrooms and two baths. Attached is a separate living area with two bedrooms, two baths, and an office area with separate entry. Both feature new appliances. The detached two bedroom one bath ohana with a covered lanai is the third option.

Vacation Condos Over $1M

Kihei Surfside
Kihei Surfside 212

$1.125M (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. 
Menehune Shores 405

$1.25M (FS)

Relax and enjoy life while gazing at the ocean, West Maui mountains, and wonderful sunsets. Whale watching is enjoyed from the lanai during whale season. This condo has everything you will need to live here. 

Customer Listing Synopsis


Kauhale Makai
Kauhale Makai 634

$1.3M (FS)
Top floor and stunning oceanfront. This rarely offered front row two bedroom, two bathroom unit offer views from the living room and both bedrooms.

Vacation Condos Under $1M

Maui Lani Terraces D-106

$499.9K (FS)
Maui Lani Terrace is within walking distance of Honokowai Beach Park, shopping, restaurants, bus stop. Pool, BBQ. This two bedroom, one bathroom unit has good property condition. 
LeinaalaLeinaala  101
$649K (FS)
Rare opportunity to own a groundfloor unit in the highly sought after complex of Leinaala. The condo complex is oceanfront, sitting adjacent to the greenbelt of Waipuilani park, steps from the white sand and blue ocean. Enjoy beach walks outside your front door and nightly sunsets steps away at the water's edge.
Grand Champions
Grand Champions 63

$925K (FS)

This one bedroom, two bath ground floor unit features an open floor plan, high ceilings, and an abundance of natural light. This beachy community is conveniently located near golf, tennis, shopping and restaurants, making this a sought-after vacation rentable complex.

Customer Listing Synopsis

Video/Virtual Tour

Hololani B-501

$950K (FS)
Now is your opportunity to own this stunning 5th floor remodeled condo at the Hololani Resort. Amenities are a well-equipped full kitchen, refinished cabinetry, stainless steel appliances. The living area boasts new furniture, fresh coastal decor, a flatscreen smart TV, Murphy bed, sliding Shoji screens that open the space to the main bedroom. 

Residential Condos Over $1M

Masters 1104
$2M (FS)
Amazing front row 2 bedroom 2 bath Masters condo with outstanding ocean views centered between the neighbor islands of Lana'i and Moloka'i. Overlooking the 13th green of the Kaanapali Golf Course. Picture perfect sunset views, and a prime spot for watching Maui's humpback whales in winter. 
Kapalua Ironwoods 12
$3.495M (FS)

The magnificent views of the Pacific Ocean, westerly sunsets, the island of Moloka'i and the world class Kapalua Bay golf course are picture perfect. Perched above the stretching sandy beach of Oneloa Bay has many options of ocean activities only a short walk away.  

Customer Listing Synopsis

Residential Condos Under $1M

 Maalaea Yacht Marina 
Maalaea Yatch Marina

$360K (LH)
"Malia" is the best way to describe your new home at Maalaea Yacht marina. Calm, peaceful, serene, and very secure with the friendliest, and Aloha filled onsite manager! This one bedroom apartment is set off by itself and boasts Ocean/Harbor views from the lanai & West Maui Mountain Views from the bedroom.
Iao Gardens 301

$499K (FS)

Located on the top floor of Iao Gardens, which is a 3-story building, above the covered garage area, with only 39 units (mostly owner occupied), and has a secured elevator. When sipping your morning coffee or tea on the lanai of this 2 bedroom, 2 bathroom condo unit.

Customer Listing Synopsis

Video/Virtual Tour

Kihei Shores
Kihei Shores J-007

$545K (FS)
This spacious 2 bedroom 2 bath condominium in the J building is located at the end of the complex, off of the main road, for extreme privacy, with a floor plan which includes a two bedroom, two bathroom, features include granite counter tops and ample kitchen cabinets.
Vacant Land
0 Kahiapo Place
$425K (FS)

Beautiful lush level lot with spectacular mountain views, this private hidden gem is waiting for a forever family. The property is located on the makai side of Hana Hwy in Haiku, just past the Haiku Community Center in a quiet neighborhood. This area has a nice micro climate, not to wet for Haiku. 

Customer Listing Synopsis


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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