If you are struggling to find places to go, restaurants to eat at or family friendly activities to enjoy, especially if you are still out of work, then you are not the only one. Maui Now has compiled a massive list of businesses that are currently open so you don’t have to go through the hassle of calling an individual business just to see if they are closed. You can access the current listings here.

Restaurant Highlight: SixtyTwo MarcKet
With all the uncertainty surrounding us in the current economic climate, it may be difficult to visualize yourself purchasing a new home or investment property. That being said, the historically low interest rates tell us that now may actually be the perfect time to purchase a new home or condo. 

At this same time in 2019, the median price for a single family home hovered right around $750,000 while the median price for a condo was $518,000. For a 30 year fixed loan the average interest rate would have been 4.25%.

As of right now, the median price for a single family home is $777,595 and the median price for a condo is $502,530. Current rates in Maui, Hawaii are 3.16% for a 30 year fixed loan, 2.58% for 15 year fixed loan and 2.83% for a 5/1 ARM.

It’s unclear at this point how long interest rates will remain this low, or what type of long term impact the COVID-19 pandemic will have on interest rates, inventory and the local economy. If you have questions on financing, or have some insights of your own to share about the current market just hit reply on this email. We would love to hear from you!

The Realtors Association of Maui puts out a detailed collection of stats, graphs and data every month to keep the real estate community as well as the client’s they serve up to date on what’s happening. You can view the stats reference below by clicking here.

The trend of new inventory shrinking, while buyer demand increases because of low interest rates on mortgages continues across much of the country. This means that in the current market, multiple buyers may be competing for the same properties. Low inventory is nothing new for Maui, but it has certainly been amplified by the current economic climate.

New listings for single family homes decreased 9.4% in July, while condo listings actually increased significantly by 16.2%. Pending sales, however, decreased across the board in July, with a 5.5% decrease reported for single family homes and a 29.4% decrease for condos. Due to either sellers deciding to hold on to their property, or pulling their property off the market, inventory slid again last month by 14.7% for single family homes. Condos, on the other hand, added 27.4% to the overall inventory.

Prices have actually remained stable throughout the pandemic so far, with the median price for single family homes decreasing slightly in July to $777,595 and increasing to $502,530 for condos.

The market for vacation rental condos will likely continue to suffer until the 14-day mandatory quarantine is lifted and tourism is allowed to return to some sense of normalcy. We of course, remain optimistic and continue to work hard for our clients.
 Smith Team Real Estate - 2 Generations of Satisfied Customers - (808) 572-0866
About Maui Our Listings Property Search Rentals Blog Contact Us
Issue 912 August 25th, 2020


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 

Land (0)
New Properties
Price Reductions (0)

Short Sales
Condos (0)
Land (0)
New Properties (0)
Price Reductions (0)

An Incomparable Estate
in Kula

50 Oluolu Pl
$15M (FS)

Customer Listing Synopsis

Video/Virtual Tour

Market Update

If you are struggling to find places to go, restaurants to eat at, or family friendly activities to enjoy, then you are not the only one. Maui Now has compiled a massive list of businesses that are currently open so you can support the local economy as well as the community. You can access the current listings right here.

Restaurant Highlight: SixtyTwo MarcKet

SixtTwo MarcKet is one of the best new options for breakfast or lunch in central Wailuku. The pleasant atmosphere combined with farm-to-table style of food make this a restaurant you should definitely consider visiting the next time you are in Wailuku. The menu also changes every 62 days to incorporate seasonal ingredients and allow for new dishes. SixtyTwo MarcKet now provides online order, curbside pickup, dine in, and delivery service via BiteSquad.

Activity Highlight: Alii Kula Lavender Farm

Though the Alii Kula Lavender Farm is operating with limited hours, they are still open to the public 3 days per week. The new operating hours are from 10am to 4pm on Fridays, Saturdays, and Sundays. You can walk around the grounds and enjoy the outdoor spaces without a mask, though you will be asked to wear one upon entering the gift shop. The Alii Kula Lavender Farm is an affordable, family friendly, Upcountry adventure that will be ideal if you are feeling cooped up at home.

Lodging Highlight: Napili Kai Beach Resort

Enjoy a stay-cation and take advantage of low Kama’aina rates at the Napili Kai Beach Resort. Right now they are offering as much as 50% off per night on a standard studio to local residents. You can check out the current deals available and book your stay here.

Mom and Pop Highlight: The Pukalani Superette

Whether you are looking for delicious local treats, fresh produce, or a hot lunch on the go then the Pukalani Superette has you covered. The store, which was established in 1955 is now run by third-generation brothers Aric and Myles Nakashima. They are always running great specials and have been a go-to Upcountry stop for decades.

Mahalo Nui Loa,

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

The Smith Team


P.S. The Maui Humane Society needs your help to ensure the pets currently housed there are adopted into safe and loving families. During an event called Clear the Shelters which takes place from Aug. 23rd - Aug. 29th the Maui Humane Society along with other shelters across the nation are attempting to house as many animals as possible. All adoptions will be sponsored, and appointments to view the animals available can be made through the Maui Humane Society’s website. You can also read the full article here.
Follow Us
facebook twitterlinked-round-flat
350 (215)
213 (57)
1034 (283)
718 (177)
188 (32)
1345 (238)
254 (68)
 71 (24)
150 (15)
1322 (460)
472 (113)
2529 (536)
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.


Homes Over $1M

576 Kumulani Dr
Maui Meadows
This 3 bed, 3.5 bath house is located in the highly desirable area of Maui Meadows, minutes away from Keawakapu Beach, sitting up above Wailea and meticulously designed by Hawaii’s renowned architect Jim Niess. This is an architectural masterpiece to cherish for years to come. Enjoy 2400 sf. of living area under the corrugated metal roof with 26 PV solar panels (owned) with a Tesla Battery back-up.
1786 Halama St
This is the quintessential beach house, situated as close to the Pacific Ocean as you could possibly get. Watch the whales give birth from the master bedroom, launch your kayak right out of your backyard and welcome your guests in the 2 bed cottage. If an island style hideaway, that is right in one of the safest, most beautiful private spots in the world, is what you are after then 1786 Halama is the property for you!

Homes Under $1M

140 Hoomoku St

$374,400 (FS)
Bank Owned - This great opportunity in Kahului is part of the Luana Gardens subdivision, conveniently located in the heart of Central Maui. This 2 bed, 1.5 bath, single family home is attached to the home next door (like a duplex), but features enough separation from the adjoining neighbor to make this home your own.
20 Kaikai St
$625K (FS)
A Waikapu Gardens, single level, 3 bed, 2 bath home nestled in the heart of the subdivision.This floor plan is highly sought after for the extra large great room with high vaulted ceilings and the master bedroom which is away from the 2 other bedrooms. The home has been priced to sell AS-IS.
43 Mano Dr
$699K (FS)
Huge opportunity to make this home your own. A 4 bed, 2 bath, 2056 sf, 2-story home in desirable Kula Kai subdivision. The home is built on 17,002 sf of land. Ceiling-to-floor windows in the living room make it light & airy. You can also enjoy a peaceful and private backyard.
52 Kumulaau Ohia Loop

$725K (FS)
This is the largest and most desirable, 3 bed, 2 bath single level floor plan in the neighborhood. Kehalani is 35 minutes from Lahaina Town, 12 minutes from Kihei, 8 minutes to Kahului, and 5 minutes from the sandy beaches of Maalaea. The property has many varieties of tropical fruits, including mango, citrus, lilikoi, coconut, and tomatoes, just to name a few.
671 Pio Dr

$750K (FS)
Move-in ready! This well-maintained, 5 bed, 2.5 bath central Maui home with a huge yard has been heavily upgraded and offers many creative possibilities. In 2018, many improvements were made, including a remodeled kitchen and bathrooms with quartz countertops, new cabinets and beautiful tile floors, new flooring throughout, a 16-panel owned PV system, and three Fujitsu split air-conditioning units.

Vacation Condos Over $1M

Kamaole Sands #5412
A large and very rare 3 bed, 3 bath ocean and mountain view condo at the highly desirable Kamaole Sands Resort. Located only steps away from beautiful Kamaole Sands Beach Parks II and III, one of the best beaches in the state of Hawaii. The amenities are awesome such as a large pool, a kids pool, several indoor and outdoor showers, two different temperature spas, a gym, 5 BBQ areas, 4 tennis courts, kayak storage, 24/7 check-in lobby, security and a lush tropical setting.
 Kaanapali Alii #II-302
Experience the best of the "Kaanapali Lifestyle" from your private residence within the luxurious Kaanapali Alii Condominium Resort. This is an ocean and garden view, third floor, corner unit, on the north side of building 2. This tastefully appointed 1 bed, 2 bath home features a spacious living area which is accompanied by an adjoining den, dining room and large master suite.
Wailea Point I II III #2102
This 2 bed, 3 bath unit was specifically chosen for its rare combination of views. In addition to year round ocean, sunset, and West Maui Mountain views, we include prime Ulupalakua/ Haleakala views as well. Enjoy the world-class amenities this unit has immediate access to, great to watch family and friends play tennis, or gather at the pool and clubhouse. Wailea Point offers 4 pools, including a 25-meter lap pool.

Vacation Condos Under $1M

Kahana Manor #418
$309K (FS)
Vacant and ready to move in, this 1 bed, 1 bath corner unit is ready for you to call your home, rent out long term or use as a vacation rental. Located halfway between Kaanapali and Kapalua, Kahana Manor is minutes away from your favorite beaches, restaurants and shops. The complex features a large pool area, shops, restaurants, snorkel gear, shops, a salon and boutique store on the ground floor.
Kihei Bay Surf #D136
$318,500 (FS)
These adorable studios are located right in the heart of Kihei and right across the street from the beach at Kalepolepo Park! This complex has so much to offer including an in-ground pool with a spa, tennis courts, a BBQ area and beautiful common grounds. This unit is being sold fully furnished down to the forks and spoons, just bring your suitcase.
Kihei Resort #220
$499K (FS)
The lowest priced 2 bed, 2 bath unit currently available at the time it was listed. Very spacious unit, far away from S. Kihei Rd. traffic with a perfect garden setting out front. This low density and quaint complex, features a pool, spa and BBQ area in a great location near Sugar Beach in North Kihei.
Kamaole Nalu #402

$685K (LH)
This is a rare opportunity to own an outstanding, superior, upper-level, oceanview, 2 bed, 2 bath unit at Kamaole Nalu located in South Kihei. This open floor plan has an updated kitchen with granite counter tops and newer cabinets, laminate flooring throughout, and an amazing tiled bathroom. The master bedroom has a king bed, queen bed plus twin bed in second bedroom, plus new queen sofa sleeper and new furniture in the living room & dinette.


Residential Condos Over $1M

Kanani Wailea #25
The rare find you’ve been searching for: Kanani Wailea 25 is a detached, 3 bed, 2.5 bath, ocean-view home in a gated, low-density condominium community, offering the ideal balance of privacy and carefree island living. As you enter into the large family/den area you can look through to the covered rear lanai area & lushly landscaped private courtyard.
Kai Malu #40B
This spacious 3 bed, 2.5 bath townhome in Wailea’s popular Kai Malu is only one of the very few that have a plunge pool and spa with a fenced backyard. The open concept living area features beautiful warm-toned carpeting and wooden flooring in the dining area. The kitchen features GE and Bosch stainless steel appliances and beautiful granite counter tops. 

Residential Condos Under $1M

Puuone Towers and Plaza #210
$260K (FS)
A beautiful and centrally located, 2 bed, 1.5 bath condo. In 2019 the walls and ceilings were repainted and new carpeting and flooring was installed.
Kahoma Village #7-104

$445K (FS)
Come home to Kahoma Village, a new West Maui community right off Historic Front Street. Within the neighborhood you’ll find 3 different offerings to suit almost anyone; The Villas, The Courtyards and The Carriage Ways. Residents of the community will enjoy 3 parks and high-speed internet service. The location puts you right within walking distance to restaurants, shopping, Baby Beach and of course Front Street. 
Vacant Land
650 S Alu Rd
$375K (FS) 
This is an exceptionally well priced vacant lot for sale in Wailuku Heights with beautiful ocean and mountain views. Great opportunity to design your perfect, custom dream home. The seller is providing architectural plans for a gorgeous single level home with a garage as part of the sale.
The Smith Team
(808) 572-0866
facebook    twitter    linked-round-flat

Click to view this email in a browser

If you no longer wish to receive these emails, please reply to this message with "Unsubscribe" in the subject line or simply click on the following link: Unsubscribe

Coldwell Banker Island Properties
#B-35 3750 Wailea Alanui Drive
Wailea, Hawaii 96753

Read the VerticalResponse marketing policy.

Try Email Marketing with VerticalResponse!