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 1035 January 3rd, 2023


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)
Condos (1)
New Properties 
Price Reductions  

Short Sales

New Properties

Price Reductions 

Majestic West Maui Mountains 
   feature 2   

43 Kumu Niu Street
$5.95M (FS)

2023 Forecast


After the boom of the 2021-2022 that saw unprecedented rise in home values and the lowest mortgage interest rates in history, 2023 is predicted to be a time of slowing for real estate markets nationally and locally, according to leading economic experts, Lawrence Yun and Paul Brewbaker, but how slow is anyone’s guess.


“Amid the backdrop of high inflation, elevated mortgage rates and slowing sales activity, severely limited housing inventory will prevent large home price drops for most of the country next year, according to NAR Chief Economist Lawrence Yun” ( 


While local sales were trending down at the end of 2022, prices haven’t seen the same drop as other mainland markets, such as California, due to low inventory. Median home and condo prices remain fairly steady and according to Paul Brewbaker may not drop, “as precipitously in the next few months, as one might be concerned about.” He believes that people are worried about falling prices and are therefore not listing their homes at this time (Hawaii Business Magazine).


What are your thoughts and predictions for the year in real estate? Whether by choice or necessity, every market has buyers and sellers. Our team is here to answer your questions and help you position yourself to achieve the best outcome to match your goals. Working together, we believe anything is possible.

Mahalo Nui Loa,

Ken Smith R(S), Melissa Smith R(B), Gregory Smith R(B) and 
Rachel Smith Kofron R(S)

The Smith Team

P.S. We hope you enjoyed a safe and happy New Year. 

P.S.S. Kipuka Olowalu, is a reserve committed to reviving the native ecosystems and biodiversity of Maui’s Olowalu Valley. To learn more, check out this Hawaiian Magazine article.

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Market Watch
256 (236)
107 (65)
1023 (607)
207 (102)
185 (105)
1520 (494)
135 (70)
 30 (12)
246 (73)
598 (408)
322 (182)
2789 (1174)
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

 18 Laumakani 
18 Laumakani Loop
$1.075M (FS)
This large home in the Meadowlands subdivision features 5 bedrooms, 3 bathrooms and an oversized 2 car garage. The flexible split level floor plan has a generous sized great room and kitchen on the second floor along with the primary bedroom suite and second bedroom and bath. Downstairs are 3 more bedrooms and 1 bath. 
2024 Paulele
2024 Paulele Place

$1.199M (FS)
This single story tastefully designed home has a cottage plantation feel and within easy walking distance to Cove Beach & Kalama Beach Park. The main living area has vaulted ceilings, tiled floors and opens to the kitchen & dining area. Bar seating and you can entertain right outside on the large covered lanai and enjoy the fenced back yard. 
0 Haliimaile
0 Haliimaile Road

$1.395M (FS)
This luxuriously laid out E floor plan has 4 bedrooms and 3.5 bathrooms. Features include an open floor plan, 9 foot ceilings, covered lanai, attached two car garage. Highlighted amenities consist of stainless-steel appliances, double paned windows, soft close cabinetry. A walking path around the perimeter of the community will provide another way to enjoy the panoramic views.
20 Hale Makai
20 Hale Makai Street

$1.985M (FS)
Enjoy the trade wind breezes, tropical Kahana location. 250 feet from the ocean. Close to epic beaches and dining. Napili Market and Kapalua Golf. Home and guest home provide many Options. There is storage below both dwellings. Owner holds a active Hawaii Real Estate License.
88 Kamalii
88 Kamalii Place

$2.499M (FS)
Experience the much desired Haiku lifestyle from this charming open concept home on 2 lush acres. This sprawling 2 acre lot has mature fruit-bearing trees, manicured grounds, privacy, and a concrete driveway. The home features wrap-around lanais with lots of natural sunlight and ocean views.

Homes Under $1M

 985 Kapuhau985 Kapuhau Place
$589K (FS)
Newly remodeled Ohana in Central Kihei. Hollow Tile Construction. Beautiful Mango tree in the back yard that produces giant delicious mangos. Extra 120sq ft detached multi-purpose room with laminate floors, sheetrock, electric, and windows. Move in Ready.
324 Waiehu
324 Waiehu Beach Road
$845K (FS)
Completely remodeled home with new interior and exterior walls, windows, roof and trusses, electrical and plumbing, and flooring. Home has a large kitchen with brand new stainless steel kitchen appliances, cabinets, granite counter tops. Energy saving solar water heater. High ceilings throughout give the home a spacious feel. Washer and dryer conveniently located in home. 
985 Kapuhau 2
985 Kapuhau Place
$850K (FS)
Corner lot in Kihei close to the beach and shops. Centrally located. Currently tenant occupied. Home remodeled in 2021 with new floors, windows, bathrooms, kitchen, etc. Move in ready or keep current tenant and produce income. 

Vacation Condos Over $1M

Mahana 108
$1.285M (FS)
Beautiful remodeled Ground Floor Condo. This convenient ground floor unit is exquisitely furnished to provide. Both the living room and the bedroom are ocean front. Remodel work includes high-end tumbled travertine flooring throughout the entire unit.  

Customer Listing Synopsis

Video/Virtual Tour

Maui Sunset
Maui Sunset B-519

$1.575M (FS)
Top of the world! Rarely offered penthouse location on the "flare out" of B building in Maui sunset. Condos in this location rarely become available and are unique in that they have a semi private entrance. Massive ocean views overlooking the meticulously kept grounds framed by the West Maui Mountains are sure to impress. 
 Wailea Ekahi 
Wailea Ehaki 37-D

$1.875M (FS)
Situated in the highly desirable ocean-front complex of Wailea Ekahi, this beautifully renovated unit offers spacious indoor and outdoor luxury living with an ocean view from the balcony. This turnkey condo with vaulted ceilings comes furnished with a sofa sleeper, new split system A/C, lighting, window coverings, carpet, remodeled master bathroom, and more.

Vacation Condos Under $1M

Kihei Akahi
Kihei Akahi DG-14

$780K (FS)
Ground floor units are among the rarest on the market in this complex, seller has owned it for over 20 years. DG-14 is steps away from the upper pool with BBQ's and lawn area off lanai. Leave through the sliding patio door and step onto the pathway down to the ocean, shopping and dining, no need to take the car. 
Kahana Sunset
Kahana Sunset B-5B

$850K (FS)
This is the best One Bedoon location at Kahana Sunset with ocean views out of your Livingroom and Bedroom window. The condo proudly features spilt system A/C and upgraded furnishing. Remodeled in 2016. The Kahana Sunset sits on Keonenui Bay and conveniently located minutes from world-renowned golf courses at Kapalua and Kaanapali.
Napili Point
Napili Point A-13
$950K (FS)
This low-rise complex sits on its own promontory of black lava rock offering a unique setting in an area where little development has occurred. The reef fronting the condo is home to a colorful display of reef fish, coral and turtles. You can snorkel with turtles, surf winter waves, or just watch the whales (seasonal) and sunsets with neighbor islands.

Residential Condos Over $1M

Paradise Ridge Estates
Paradise Ridge Estates 101
$1.499M (FS)
Golden sandy beaches and crystal blue waters await as you gaze upon majestic whales from your luxurious and exclusive estate. Delight in breathtaking ocean and mountain views as you enjoy the lovely waterfall-pool and hot tub complete with pavilion. 
Kapalua Ironwoods
Kapalua Ironwoods 62
$4.695M (FS)
This ocean view condominium home in the exclusive Ironwoods within the Kapalua Resort is possibly the most highly upgraded of all 39 apartments. Owners stripped the original floorplan down to the studs and leveled the original flooring to create a consistent grade. All plumbing has been replaced with copper supply lines and PVC waste lines. 

Residential Condos Under $1M

  Puuone Towers and Plaza
Puuone Towers and Plaza 617

$329K (FS)
Upgraded and well maintained over the years. Nice views from lanai including the mountains and ocean. End unit so very little traffic. Secured elevator lobby, Pool and on site resident manager. 1 assigned covered parking stall. 

Customer Listing Synopsis

Keonekai Villages
Keonekai Villages 14-107
$498K (FS)
This move in ready ground floor 2 bedroom, 1 bath unit is waiting for you. Designed for your beach lifestyle in mind lots of creativity and well thought out details are brought into this renovated unit with vinyl flooring for easy maintenance, wainscoting and border wall accents, beamed ceilings, modern light fixtures and fans, etc. 
Hoolea Terrace at Kehalani
Hoolea Terrace at Kehalani 1005
$530K (FS)
This unit is a two bedroom, one and a half bath condo located on the 2nd floor. The unit has never been rented out and the Seller is the original owner! Room for a king size bed in the master bedroom, with a stacked in unit washer and dryer and two parking spaces. 
Napili Villas
Napili Villas 20-3
$710K (FS)
This will go very fast as this is the lowest per square foot 2 bedroom 2 bath long term condo on West Maui, and it is extremely charming. This pet-friendly, well maintained ground floor unit features your very own yard and is located in the most sought after complex in Napili. 

Vacant Land

306 Aalii Way

$650k (FS)
Paradise Found is this 13,718 square foot land parcel for sale on Maui on Kaanapali Golf Estates. Build you dream home with ocean and island views in this master planned gated community. This neighborhood features gated entries, roadways with tropically landscaped common areas.

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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