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Aloha ,
Market Update
Title Guaranty Hawaii has provided us with excellent graphic illustrations of where the buyers from the U.S. and foreign countries came from last year (January 2013 to December 2013) that purchased Hawaii property.
With the exception of Hawaii residents, California, Washington, and Texas had the most buyers from the U.S. California residents purchased $1.2 billion of Hawaii real estate last year followed by Washington residents ($262.5 million) and then Texas residents ($251.6).
In the international sector, the top foreign buyers of Hawaii property came from Canada ($244.6 million), Japan ($189.5 million), and Hong Kong ($22.2 million).
In Maui, the top foreign buyers came from Canada with around $154 million in sales which is more than 1/2 of the total sales in Hawaii. There is a famous saying, "Maui No Ka O'i" which means Maui is the best.
The most sales from U.S. residents happened in the South side (Kihei and Wailea areas) with 807 transactions which totaled to around $514 million. The West side (Lahaina, Kaanapali, Napili/Honokowai/Kahana, and Kapalua areas) came in second with 677 transactions and around $477 million in sales.
Have a wonderful week.
Mahalo Nui Loa,
Ken for The Smith Team
Ken, Melissa, Greg, and Jeremy
P.S. - Join us for the 17th annual Maui Earth Day Festival this Sunday, April 27th from 10 a.m. to 6 p.m. at Keopulani Park Amphitheater in Wailuku. There will be 2 stages of live music, food, environmental and social awareness booths, farmer's market, keiki activities, and etc. For more information visit.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
Market Watch for April 22nd, 2014
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Active
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Pending
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Sold
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Change
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Homes
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578 (287)
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216 (30)
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973 (183)
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-9
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Condos
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757 (180)
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234 (26)
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1379 (187)
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-12
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Land
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357 (124)
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43 (7)
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223 (26)
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-5
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Total
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1692 (591)
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493 (63)
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2575 (396)
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-26
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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
14 Puu Hale Street
Ka'anapali
$1.55M (FS)
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The grand entrance to this newly remodeled 3 bedroom, 3.5 bath Ka’anapali Hillside residence welcomes you to the beauty of the tropics. It features an open floor plan with dramatic staircase and high ceilings which offer wonderful natural light through the many glass doors and skylights.
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311 Door of Faith Road
Haiku
$2.465M (FS)
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Everywhere you look at this one-of-a-kind, North Shore oceanfront estate your eyes will be delighted and your spirits uplifted. Experience the thrill of watching whales and dolphins play in Waipio Bay from your own backyard. Even from one of three cliff side hot tubs. Stroll through the lushly landscaped grounds and pick your own gourmet tropical treats year round from the bountiful organic gardens, full of fresh fruits vegetables and coconuts.
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Homes Under $1M
166 Hookui Street
Kahului
$310K (FS)
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Charming single level kama'aina home with 2 bd. 1 bath neat as a pin with 2 car carport on a nice level well manicured and maintained lot of 5,005 sq. ft.
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170 Kauhaa Street
Kihei
$415K (FS)
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Immaculate home in Meadowlands neighborhood of South Kihei. Close to Piilani Village. Neat and clean, move-in ready.
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10 Kahoa Road
Pukalani
$575K (FS)
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Great home in the heart of Pukalani. Sturdy construction, Monier Tile roof and arched walkways reminiscent of a Mediterranean style home. This is a large home with ceramic tile floors in all main living areas and new laminate flooring in the bedrooms. Huge additional family/bonus room makes for tons of living area. Ohana is great for additional income or extended family. Tile floors throughout the ohana.
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21 Waokele Place
Kula
$882.5K (FS)
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Great location near Kula Kai neighborhood, 1.2 acre lot on cul-de-sac, convenient Kula. This split level home offers a custom entry way and 4 bedrooms, 2.5 bath very open and roomy floor plan. There is a separate one bedroom cottage for the extended family or income, with separate driveway for added privacy.
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3926 Mahinahina Street
Mahinahina
$975K (FS)
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Mahinahina huge views. 2/2 up 4/2 down 1/1 in back!! Garage / storage / parking / pool / roof deck / work shop / income / little grass shack gazebo / did I say huge views. This is a wonderful property with lots of options never before been offered for sale.
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Vacation Condos Over $1M
Honua Kai #205
Ka'anapali
$1.599M (FS)
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Honua Kai continues to be one of the most popular resorts on Maui for the vacationer and buyer. With the modern layout and decor, 1,315 sq. ft of luxury. You are one floor up from access to Ka'anapali Beach, Dukes Restaurant, three pools, spa, fitness room and more. It's no wonder Honua Kai has become one of the most popular destinations on Maui. This home has a very strong rental income which makes it that much better for those looking for a second home on Maui.
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Vacation Condos Under $1M
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Kauhale Makai #505
Kihei
$309.9K (FS)
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Bank Owned. Popular oceanfront vacation complex in N. Kihei.
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Hale Pau Hana #15
Kihei
$820K (FS)
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Short Sale. Yes, an opportunity to own a front row unit on Kihei’s beautiful Kamaole Beach II. This meticulously renovated unit boasts newer appliances, maple kitchen & bathroom cabinets plus unique maple built-ins, a kitchen counter glass cook-top, & tumbled marble backsplash. The floors are tiled; the on the bias tile pattern stretches throughout & encompasses the exterior lanai, creating a feeling of added space.
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Napili Point B-36
Napili
$899K (FS)
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Very few properties embody the raw breathtaking beauty and timeless sense of old Hawaii that Napili Point does. Residence B-36 at Napili Point is even more of a rare offering. This one of only four ground floor two bedroom/two bathroom fee simple offerings in the entire complex.
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Residential Condos
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Kalama Villa #203
Kihei
$189.9K (FS)
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Bank Owned. Freshly painted 1 bedroom / 1 bath unit located in a small and private 8 unit complex in Central Kihei. Unit has been updated with laminate floors and comes furnished.
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Southpointe 24-104
Kihei
$234.9K (FS)
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This is a highly sought after ground floor unit, with a large yard, in a nicely shaded private portion of Southpointe.
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Milo Court #80
Wailuku
$439K (FS)
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Milo Court 3 bedroom, 2.5 bath residence, with a two car garage, and beautiful Haleakala and West Maui Mountain views. Well kept, low maintenance, fenced yard. Exceptional Wailuku location, close to schools, shops, the hospital, Maui Lani Golf course, and the MACC.
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Vacant Land
0 Ainakula Road
Kula
$295K (FS)
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Ready to build your home and / or cottage. Look no further. This great lot in quiet central Kula has a Maui County water meter installed. Seller will include architectural house plans. Lot is elevated above road in front and will offer nice mountain and ocean views from a future home.
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