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 1057 June 6th, 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 (5)
New Properties 
Price Reductions  

Short Sales

New Properties

Price Reductions 

Maui's Beautiful District

120 Mauna Place

$5.5M (FS)

May Market Report 2023

Those waiting for Maui home prices to drop will be dissappointed to learn that the median sales price of single homes established a new all-time high in May, $1.271,500, while median prices for condos continued to hold the $800k mark. The average cash purchase amount was $2.94 million for single-family homes and $1.15 million for condos.


Collectively, Maui’s single-family home market is showing signs of heating up. Since February of this year when sales activity hit a 15-year low, sales have increased by 65%. 


Maui’s condo market has remained relatively unchanged in recent months. A lack of inventory continues to keep prices near all-time highs, as condos sell in just 62 days. Highlights of the condo market include Mahana,  Hale Kamaole, and the Montage Residences Kapalua Bay. 

Please feel free to contact us if you need any further information.

For the the full May Market Report, please click here. 

Mahalo Nui Loa,

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

The Smith Team

P.S. It has been predicted that we will have a somewhat busier hurricane season this year, so we suggest you get prepared. Here are some tips for hurricane preparedness. Ever wonder how names are picked for hurricanes in Hawaii? Click here for more information.
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Market Watch
236 (199)
136 (90)
834 (483)
203 (85)
207 (132)
1094 (366)
136 (63)
 38 (13)
196 (59)
575 (347)
381 (235)
2124 (908)
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

79 Pukolu Way
79 Pukolu Way

$2.895M (FS)
This classy & charming home in Wailea Kai was tastefully updated in 2022 and a delight to see. The main living and kitchen area is very light and airy with high open beam ceilings. The sliding glass doors open to the outdoor decks to view the landscaped back yard and views of the West Maui mountains.
751 Oka Kope
751 Oka Kope Street
$5.8M (FS)
Completed with meticulous attention to detail and the latest home-technology innovations, this captivating residence stands as a testament to modern Hawaiian luxury. Embracing idyllic resort-style indoor/outdoor living, generous lanais grace all sides of the house, inviting residents to soak in the captivating vistas. 
306 Cook Pine
306 Cook Pine Drive
$6.15M (FS)
This under-construction home will be the first brand-new home for sale in Pineapple Hill in over 12 years. This spacious, cutting-edge, 4-bedroom home with upstairs and downstairs primary bedrooms is located on one of the premier lots in Pineapple Hill at Kapalua. This is one of the exceptional panoramic ocean views to the outer islands of Lanai and Molokai with the magical Kapalua sunsets in between.

Homes Under $1M

43 Pua Ina
43 Pua Ina Place

$850K (FS)
Great family home of 3 bedroom 2 bath on private cul-de-sac road. Property abuts an open pasture to the rear for extra privacy. Close to Makawao for shopping and dining. 
2350 Main St
2350 Main Street

$899K (FS)
This charming property offers a wonderful opportunity for homeownership or investment in a desirable location. With 1,876 square feet of living space, this home was thoughtfully built in 2002 and boasts 3 bedrooms and 1.5 bathrooms. Upon arrival, you'll immediately appreciate the cool and refreshing breeze that flows through this Wailuku gem.
1524 Lower Kimo
1524 Lower Kimo Drive

$999K (FS)
Delight in the peace and serenity of upcountry life from your quaint and charming cedar home complete with a cozy cottage. Perched at just over 3000 feet elevation, you'll enjoy sensational views, cool mornings and evenings and plenty of perfectly temperate days. This cozy Upcountry property is adorned with plethora of mature landscaping including amazing avocado.

Vacation Condos Over $1M

Palms at Wailea
Palms at Wailea 2104
$1.79M (FS)
An intriguing blend of restful escapism and unbridled joy throughout this palms vacation rental unit that embodies balance at every turn. Combines captivating western ocean views, west maui mountains framed in the middle of a grand bay window, along with the views of lanai and wispy dynamic sunset colors each time the sun dips below the horizon. 
Kapalua Golf Villas 25-T6&7
$1.895M (FS)
It is one of only a handful of 2 bedroom units that has a single level floor plan, no stairs for access and stunning ocean, golf course and year-round sunset views. This corner unit has an expanded, spacious living and dining areas unique to this floor plan. The two en-suites master bedrooms allow for complete privacy and separate ingress/egress. 
Mana Kai
Mana Kai 403
$2.175M (FS)
Here's your chance to hear the sounds of the ocean while you sleep from this immaculate 4th floor. Snorkel, swim and paddle moments from your front door. The perfect place to immerse yourself with panorama views of Maui Sunsets, Kahoolawe, and Molokini. Enjoy watching humpback whales breaching right from the comfort of your private lanai.

Vacation Condos Under $1M

Kihei Resort
Kihei Resort 215

$795K (FS)
Nestled in the back of this tranquil 2 bedroom 2 bathroom two-story unit on the second floor. Vaulted ceilings, nice lanai, tile floors, and carpets upstairs. Perfect location near the beach, highway access to town, post office, shops and restaurant.
Kihei Beach
Kihei Beach 108
$899K (FS)
Perfect for your own personal residence or guests from all over the world. Enjoy watching the whales, sunsets and walk right out of your beachfront condo to the Pacific Ocean or just lay around at the pool. Hang out at the BBQ and talk story with guests. Only 52 condos in the complex. This location is central to all of Maui’s activities.
Napili Shores F-147
$899K (FS)
Situated on an oceanfront parcel low-rise and tranquil. The tropical grounds' garden setting are enhanced with shady monkey pod trees, fragrant plumeria blossoms, and shady coconut palms. Some of the best snorkeling on Maui  and a beautiful sandy beach. Onsite amenities include 2 swimming pools.

Residential Condos Over $1M

 Wailea Palms 
Wailea Palms 3508
$1.699M (FS)
Top floor, 2 bedroom 2 bath unit situated in the lower quiet area of the complex. 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. 
 Vintage at Kaanapali 
Vintage at Kaanapali 7
$2.395M (FS)
Spectacular ocean views with wonderful sunset views almost year round. Watch whales when In season from your private lanai. A gated community above the world famous Kaanapali Resort. Close to shopping, restaurants and golf, This single level residence has a wonderful open floor plan and a double garage. 
Hokulani Golf Villas
Hokulani Golf Villas 74
$2.495M (FS)
Built in 2020, this “like-new” amazing fully furnished 4 bedroom 3 bath home is located adjacent to the 11th hole of the Maui Nui Golf course with beautiful sunset views. Hokulani offers a single-family residential condominium lifestyle. This two-story home offers the flexibility of a 4 bedroom 3 bath or 3 bedrooms with den with main level and upper lanais.
Wailea Point
Wailea Point 801
$6.95M (FS)
This 3 bedroom, 4 bath, 2,554 square foot home, is the premier location for enjoying the best, that South Maui has to offer. Wood-paneled ceilings, throughout give the open floor plan a warm and inviting elegance. The recently remodeled kitchen features cool granite countertops.

Residential Condos Under $1M

Harbor Lights
Harbor Lights A-105

$199K (FS)
This unit is 100% turn key with cash flow starting day 1. Now you can scoop up this discounted unit as the perfect place to park some cash and make your money work for you. Completely Renovated top to bottom in 2020. Including custom quartz countertops, shaker cabinets, stainless steel appliances, luxury vinyl plank floors, tile shower, plumbing and electric, vanities, doors, paint, ceiling fans, fixtures, etc.
  Harbor Lights
Harbor Lights A-102

$245K (FS)
This charming 2 bed 1.5 bath is a corner ground floor unit making it easily accessible for everyone. Located in the “A” building with peek-a-boo ocean and mountain view’s this unit has lots of fresh air coming through, keeping you cool all year long. Across the street from the ocean.

Customer Listing Synopsis

Iliahi at Kehalani
Iliahi at Kehalani 10-B
$735K (FS)
Only unit available, at the time of listing, in enviable Iliahi complex! Situated on the slopes of the West Maui Mountains with ocean and mountain views and a delightful climate. Front and back covered lanais, two deeded parking stalls, storage and private lanai in this pet friendly complex. Maintenance fee covers water, sewer, trash, meticulous landscape maintenance.
Hoolea Terrace
Hoolea Terrace at Kehalani 1404
$765K (FS)
This 3 bedroom 2 bath home has been well maintained and beautifully refurbished. This unique single story, corner end unit offers peace and quiet with no upstairs noise. The unit boasts nine foot ceilings, an open floor plan, private covered patio, a beautiful master bedroom with on-suite bathroom including his and her closets.

Vacant Land

0 Kauna Lipo
0 Kauna Lipo Drive Lot 15
$715K (FS)
Enjoy the cool mountain breeze just below Wailuku Heights. The infrastructure and improvements for this upcoming subdivision is estimated to be complete in the Fall of this year 2023. Giving you time to draft plans of your dream home! This luxurious and quiet subdivision is ideally located in close proximity to Pu'u Kukui Elementary School, parks, shopping, dining, medical facilities and so much more.

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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