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 1039 January 31st, 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 (2)
Condos (2)
New Properties 
Price Reductions  

Short Sales

New Properties

Price Reductions 

 Luxurious Hawaiian Estate 
   7505 Makena   

7505 Makena Road
$33.9M (FS)

2022 Market Summary


Coldwell Banker Island Property is the industry leader in Maui real estate and has compiled an amazing summary of data, organized by neighborhood districts across 3 islands-Maui, Hawaii Island, and Kauai. The summary compares 2022 market performance with 2021 and gives perspective on the market direction for 2023.


Although 2022 saw fewer sales across all sectors of our market and slightly longer average days on market-especially in the second half of the year, median values for homes and condominiums actually climbed in 2022 compared with 2021. 


Compared with many mainland markets, our cooling was moderated due to low inventory and fewer new listings. Median home values rose by 13% and condos increased by 20%, and although we witnessed a greater number of price reductions this year, 20% of sales still closed at or above their asking price.


Check out the full 2022 Market Summary for additional details and market overviews of Maui, Hawaii Island and Kauai. No other report goes into such detail about how individual districts and neighborhoods performed this year. What is your favorite neighborhood? Where do you dream of living? Our team is here to help you find your way there.

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. Maui vacation rentals continue to earn higher average nightly rates than any other County in the State. Read more at MauiNow.
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Market Watch
275 (235)
103 (62)
995 (588)
222 (104)
218 (126)
1426 (470)
140 (75)
 28 (9)
245 (72)
637 (414)
349 (197)
2666 (1130)
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

 148 Ehilani 
148 Ehilani Street
$1.425M (FS)
Here you will find a 3 bedroom, 1 bath main house with an attached studio including a full bath and a detached 3 bedroom, 2 bath cottage nestled in a lush private half-acre lot. The main house has a large covered lanai, skylights in the kitchen and bathroom, a fireplace, and natural light throughout, all with an ocean view.
690 E Kuiaha
690 East Kuiaha Road

$1.785M (FS)
The custom-designed 1,614-squarefoot, 3 bedroom, 2.5 bath home is a wood lover’s dream. It has hardwood flooring, solid mahogany entry doors, koa wood stairs, whitewashed birch walls, a kitchen bar made from koa and black walnut, built-in bookshelves, and koa and monkeypod-framed circular windows. 
1065 Piiholo Rd
1065 Piiholo Road

$2.995M (FS)
All fully renovated and move in ready. 2824 sf 4 bedroom, 4.5 bath contemporary main house, plus a 886 sf 2 bedroom, 2 bath contemporary detached cottage, and a separate detached 2 car garage ready for your toys, cars, etc. All on 2.1 acres of lush land with mature fruit trees with ample space for additional structures.
115 Kaimanu Place

$3.35M (FS)
Entering the green house gate, the winding patterned driveway, pebble stoned walking paths,  themed water fountains and water lily gardens, sculpture gardens of birds and mermaids, bridges and carved stone benches make you marvel at the fruit of decade long curation.

Homes Under $1M

 jj2153 D Holowai Road
$580K (FS)
Nestled in upper Happy Valley, 3 bedroom and 1.5 bath home and ohana have a 30'x35' greenhouse. Holowai Place is partial public and partially private road.
2839 Iwalani
2839 Iwalani Street
$749K (FS)
This property in highly desirable upper Pukalani is a true diamond in the rough, with single-level living, a bit of an ocean view from the kitchen, a spacious and private fenced back yard, a garage, and a legal permitted Studio ohana. Enjoy the mild weather and laid-back lifestyle of lower upcountry with the convenience of town and the opportunity to generate income an extremely high-demand rental area and market. 
54 Puaiana
54 Puaiana Place
$989K (FS)
This single level, adorable, remodeled home is located on a private street just a short distance to Makawao Town, restaurants and shops. New roof, new solar hot water system, new PV system including Tesla Power Wall and electric car charger. New luxury vinyl plank flooring throughout the home. New cabinets, counters, and appliances in the kitchen.

Vacation Condos Over $1M

Kapalua Golf Villas
Kapalua Golf Villas 19T4-5

$1.395M (FS)
This villa is fully furnished, and has two bathrooms and a washer/dryer. Located on the property are four pools/recreation areas, barbecues, and gathering areas for family and friends to enjoy. Kapalua Resort has all the amenities you would want to enjoy your new Maui home. There is exceptional swimming, snorkeling, paddle boarding at beautiful Kapalua Bay Beach.

Customer Listing Synopsis

 Wailea Ekolu 
Wailea Ekolu 207

$1.795M (FS)
Enjoy amazing views from the comfort of your living room or on the spacious and covered lanai. This newly completed 866 sq. ft. 1 bedroom 2 bathroom unit offers luxurious modern upgrades with a Hawaiian vintage design. The stunning kitchen is equipped with all new stainless steel appliances.
Kaanapali Shores
Kaanapali Shores 457
$2.7M (FS)
Rare top floor 2 Bedroom 2 bathroom with a loft that is being used as a full third bedroom and a den plus extra storage closet. Excellent ocean views from the remodeled suite. Granite counter tops, Tile floors, refurbished kitchen and bathrooms. If you are looking for incredible value on Maui's West Side, chose the Aston Kaanapali Shores Resort. 

Vacation Condos Under $1M

Kalama Terrace
Kalama Terrace P-202

$595K (FS)
Fully furnished and offered turnkey, this condo exemplifies ease of ownership and can be enjoyed as an opportune primary residence, a low-maintenance second home or a short-term vacation rental. The grounds feature a community area with BBQ and a pool ensconced in lush landscaping and this property includes all utilities in the association dues. 
     Noelani 219-C   
$625K (FS)
This end unit closest to S Turns and the sandy beach is on the second floor, providing privacy, and has been tastefully remodeled. The location, privacy, unobstructed views the ocean is less than 100 feet away of Lanai, Molokai, whales in season, turtles and surfers are frequently cited by guests as contributing to a virtually perfect combination of factors that create a memorable Maui experience. 
Kanai A Nalu
Kanai A Nalu 218
$769K (LH)
This highly sought after two bedroom, two bath, Oceanfront condo in the heart of Maalaea is perfectly situated to enjoy the best Maui has to offer. Graced with faux wood flooring, a newly installed split air conditioning system, custom closets, and unbelievable views from both the main living area and primary bedroom.
Kamaole Sands
Kamaole Sands 9302
$870K (FS)
This is one of the few units in the complex that has central air conditioning. Set your temperature in the bedroom, set a different temperature in the living area. Everybody's happy. The larger lanai is a perfect place for a meal, board games, cards or just relaxing. 

Residential Condos Over $1M

Wailea Palms
Wailea Palms 3508
$1.895M (FS)
Top floor, 2 bedroom 2 bath unit situated in the lower quiet area of the complex. 3508 has a desired north facing location allowing for maximum use of the nearly 300 sq ft partially covered lanai. There are stunning ocean views with west Maui in the background from the primary bedroom, lanai, and living room. 
Makalii at Wailea
Makali'i at Wailea 101-6A
$3.195M (FS)
Spectacular offering. Wailea's newest luxury townhome development.  Highly desirable end unit "A" floor plan with 3 beds, 3 baths, a 2 car garage and center courtyard with inviting ocean views from the main living spaces. Boasts an exquisite onsite residence club equipped with a world class infinity pool, gym, locker rooms, sauna, social areas and more.

Residential Condos Under $1M

  Harbor Lights
Harbor Lights A-411

$199K (FS)
Come see this partially remodeled 1 bedroom 1 bathroom, move-in ready unit. Located in building 4 of the complex, it is close to the pool, playground, and BBQ. Close to Beach Parks, Queen Kaahumanu Shopping Center.

Customer Listing Synopsis

Keonekai Villages
Keonekai Villages 12-107
$419K (FS)
Experience South Maui's cool breezes, garden views, and bright sunlight in this fee-simple, ground-floor, 2 bedroom, 1 bath condo. This pet-friendly, South Kihei community is only 1 block from Kamaole Beach 3 and features nearby shopping, entertainment, and dining. A lovely dog-park next door.
Southpointe at Waiakoa
Southpointe at Waiakoa 23-105
$599.9K (FS)
Bank Owned. Highly sought after ground floor unit offering quiet and privacy with a large, fenced backyard area. The kitchen is equipped with new matching appliances. Bathrooms have been revitalized with new sinks, fixtures, and cabinets. Bedroom and kitchen and freshly painted interior walls.  
Waipuilani 305
$629K (FS)
This 1 bedroom, furnished condo sits on the third floor, allowing the ocean breeze to flow freely through the floor-to-ceiling windows lining the main living space. The main living space and kitchen are adjoined, giving it an additional spacious feel. The condo complex is oceanfront, sitting adjacent to the greenbelt of Waipuilani Park and steps from the white sand and blue ocean.  

Vacant Land

0 Hana Highway 

$280K (FS)
Nearly an acre and a half of vacant land in Haiku's amazing climate. Live Green and off grid. Conveniently located off Hana Hwy. with quick access to the surf at world-class Hookipa Beach Park, shops and restaurants in Haiku and Paia towns.
0 Kauna Lipo
0 Kauna Lipo lot 20 
$499K (FS)
Amazing opportunity to own a custom homesite in the new Wai'olu Estates development. This lot is located at the end of Kauna Lipo Drive and is 16,444 square feet. Enjoy beautiful ocean and Haleakala mountain views. Subdivision improvements are underway and are scheduled to be completed at the end of summer 2023.
51 Pihaa St Lot
51 Pihaa Street Lot 48

$790K (FS)
Potential abounds for this rare vacant lot located on the Kaanapali Hillside in the heart of West Maui. Located minutes above the one and only world famous Kaanapali Beach, 51 Pihaa features just under a quarter acre on which to build your Maui dream home. With very little vacant land left on West Maui, ocean views possible depending on design.

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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