May 2018 Maui Market Update

May 2018 Monthly Market Update for Homes and Condominiums on Maui


Home Statistics May 2018

 

 

 

 

 

 

 

 

For the month of May 2018, you can see that Medium priced decreased from $700k to $695k versus May 2017. Click here to see Residential statistics for year-to-date 2018 where you can see that the overall median price has remained unchanged at $690,000 from January-May 2017 to January-May 2018.  For prospective buyers, there are still deals to be found in the market, and for sellers, the market has still not hit the highs of the previous market peak. Inventory is still low, so prices still have room to increase.

Condominium Statistics May 2018

 

 

 

 

 

 

 

 

 

In May 2018, the median price for condominiums remained the same at $475,000, and the total number of sales increased 35.1%. Click here for the year-to-date 2018 versus 2017 where you will see that the median price increased 1% and the total number of sales increased 22.1%. There is an opportunity to find deals for buyers even though this market segment is definitely seeing significant action with the 35.1% increase for May and 22.1% for the 2018 year-to-date.

Questions or Comments

Please contact me at (808) 359-4490 to discuss buying or selling a home or condo here on Maui or click the photo below to subscribe to my website and receive my Kihei Condo Buyer’s guide for free.

Sunset at Kamaole Beach Park 1

 

Nani Kai- Keawakapu Beach Estate

Come experience what few will get to enjoy, Nani Kai, offered at $15.9mm, at 3032 South Kihei Road provides its next owner the opportunity to own an oceanfront estate on the best beach on the best island in the world.  This home has everything you want to enjoy your Maui lifestyle. (click on any of the photos for the listing* details)

3032 S. Kihei Rd

Nani Kai- Ocean Side View

Offering 95 feet of frontage on Keawakapu Beach, Nani Kai has a three bedroom and two bath residence with over 2,900 square feet of living space.  .The home was remodeled in 2008 with the finest materials including honed granite, exotic woods, hardwood floors, and a copper roof.

IMG_2998

Nani Kai- Oceanview from Property

This oceanfront estate also offers stunning sunset and ocean views, and a private gate and path down to the beach.  Snorkeling, scuba diving, lazy days at the beach are all with in steps of your oceanfront lawn.

Kitchen

Nani Kai- Kitchen with Walk-up Bar

The open floor plan in the great room is accentuated by Ohia posts and a Monkeypod island with a walk-up bar. Enjoy the refined elegance of this Hawaiiana home with pocket doors that disappear from your view and offer seamless indoor/outdoor living.

Heated Salt Water Pool

Heated Saltwater Pool

Between the main house and guest cottage is a heated saltwater pool for private sunbathing or those days when it is too windy for the beach.   With the guest cottage on the roadside of the estate, the pool is your own private oasis.

Finely Appointed Guest Cottage

Finely Appointed Guest Cottage

The guest cottage, remodeled the same time as the main house, was given some of the same treatments as the main house.  You can use the cottage as an office, a pool house/recreation room, or as quarters for a live-in caretaker.

Please call me if you have any questions about this home or for any other real estate need you have on Maui.

*This property is offer courtesy of Coldwell Banker Island Properties

Wailea Point #2301- A Wailea Best Buy

CBIP Aerial 129Nestled between the Four Seasons Maui and the Fairmont Kea Lani, Wailea Point is located on a promontory that rises 130-feet above the sea. This low density condominium complex features 130 residences in 34 buildings on 26 acres of prime ocean front property. Wailea Point is fronted by the Wailea Beach Path and is surrounded by world-class resorts, shopping, restaurants, white sandy beaches, and championship golf. The complex offers 30-day short-term rentals which adds to the privacy of this gated condominium complex on Maui’s south shore.

Listed at $2.1mm, Residence #2301 is a great value with the recent close a of similar unit at $2.2mm.  The features of this single-level residence includes no stairs into and throughout the unit, ocean views, West Maui Mountain views, and a spectacular view of Haleakala, Maui’s highest mountain peak. This residence is located near the resort pool and workout facilities with easy access to the Wailea Beach Path. You can find more information regarding this listing here.  You click any photo below to view a slideshow of all the photos.

This listing is offered via Coldwell Banker Island Properties at the Shops of Wailea

Maui Foreclosure Update (Week of Thanksgiving)- South Maui Best Buy

Aloha Maui Fans,

Living on Maui provides a lot of opportunities to be thankful. The ability purchase a bank-owned property is one of them. Since my last foreclosure update, there are sixteen new sold listings in residences and sixteen new sold listings in Condominiums.  My last best buy at 2758 Ohina sold on November 16 for $525,000. Please read below for this week’s best buy following this week’s update.

You can receive this weekly update in your e-mail by following this link and filling out the contact form on that page. Be sure to select the option for Maui Foreclosures on the “I am interested in…” section.

Kalama Park

Kalama Beach Park

As of November 23th, there is a total of:
113 Residential Foreclosures: (15 Active, 18 Pending, & 80 Sold Listings)
74 Condominium Foreclosures: (6 Active, 12 Pending, & 56 Sold Listings)

This week’s best buy is in Kalama Park Estates at 1875 Anapa Place and is currently offered at $644,900. This home has a three bed/two bath main house with 1364 sq ft and a two bedroom/one bath detached ohana with 500 sq ft. This subdivision is in central Kihei and a very short drive to the Kalama and Cove Beach Parks. Go here for more details about this well-priced home and cottage in South Maui, and contact me today to learn how to make it yours.

Maui Foreclosure Update (Week of Sept. 29)- South Maui Best Buy

Aloha Maui Fans,

In this week’s foreclosure update, there is one new listing, four new pendings, and two new solds in Residences and one new listing, four new pendings, and two new solds in Condominiums.  Last week’s best buy is still on the market and is awaiting your inquiry. Please read below for this week’s best buy.

You can receive this weekly update in your e-mail by following this link and filling out the contact form on that page. Be sure to select the option for Maui Foreclosures on the “I am interested in…” section.

As of September 29th, there is a total of:
97 Residential Foreclosures: (12 Active, 27 Pending, & 58 Sold Listings)
69 Condominium Foreclosures: (16 Active, 11 Pending, & 42 Sold Listings)

Kam III from ocean

Kamaole III Beach Park

This week’s best buy is in Kihei Shores, a condominium complex on a flag lot across the street from Kamaole III Beach Park.  J-104  sits at the back on the complex, and it has two bedroom and two bathrooms with 733-SQFT of living space. The unit is currently listed at $275,000; other similar sized units in this complex have sold for $300,000 to $315,000. Go here for more details about this fantastic condominium value in South Maui, and contact me today to learn how to make it yours.  Cell: (808) 359-4490 e-mail: greg.poppy@sbcglobal.net

Maui Foreclosure Update (Week of Sept. 22)- South Maui Best Buy

Aloha Maui Fans,

In this week’s foreclosure update, there are two new solds and two new pendings in Residences and three new listings, two new pendings, and two new solds in Condominiums.  Last week’s best buy is still on the market and is awaiting your inquiry. Please read below for this week’s best buy.

You can receive this weekly update in your e-mail by following this link and filling out the contact form on that page. Be sure to select the option for Maui Foreclosures on the “I am interested in…” section.

As of September 23th, there is a total of:
96 Residential Foreclosures: (13 Active, 27 Pending, & 56 Sold Listings)
68 Condominium Foreclosures: (19 Active, 9 Pending, & 40 Sold Listings)

Kam III from ocean

Kamaole III Beach Park

This week’s best buy is in Kihei Villages Subdivision at 2758 Ohina currently offered at $509,600. Another Foreclosure in this neighborhood sold this year for $600,000, nearly $25,000 over list price. This home has three bedrooms and two bathrooms, a monier tile roof, and a pool. This subdivision is just off Keonekai Road, and is also a very short drive to the Kamaole III Beach Park. Go here for more details about this well-priced home in South Maui, and contact me today to learn how to make it yours.

Maui Foreclosure Update (Week of Sept. 15)- South Maui Best Buy

Aloha Maui Fans,

In this week’s foreclosure update, there were four new pendings in the Residential and one new pending in Condominium lists. According to the listing agent, last week’s best buy at Sugar Beach Resort had multiple offers and went through the “highest-and-best” process and will be going into contract soon.  Read below for this week’s best buy.

You can receive this weekly update in your e-mail by following this link and filling out the contact form on that page. Be sure to select the option for Maui Foreclosures on the “I am interested in…” section.
As of September 8th, there is a total of:
97 Residential Foreclosures: (16 Active, 27 Pending, & 54 Sold Listings)
64 Condominium Foreclosures: (17 Active, 9 Pending, & 38 Sold Listings)

Kamaole III Beach Park

Kamaole III Beach Park

 

This week’s featured listing is Keonekai Villages 1-202 for $294,000.  This South Kihei complex is a short walk from Kamaole III Beach Park. With a close of $306,000 and two pendings of $329,000 and $324,000, this condominium will surely sell fast.  Go here for more details about this fantastic value in South Maui, and contact me today to learn how to make it yours.

Maui Foreclosure Update (Week of Sept. 8)- two new condos, a new featured listing

Aloha Maui Foreclosure Fans,

In this week’s foreclosure update, there was one new pending each in the Residential and Condominium lists.  Last week’s featured foreclosure at 23 Kuapapa Place has an accepted offer, and an apartment home at Iao Parkside also went into contract. If you want to learn about purchasing a foreclosure or any other Maui home, please go here to register for our free workshop coming up on September 15.

You can receive this weekly update in your e-mail by following this link and filling out the contact form on that page. Be sure to select the option for Maui Foreclosures on the “I am interested in…” section.
As of September 8th, there is a total of:
94 Residential Foreclosures: (19 Active, 23 Pending, & 52 Sold Listings)
63 Condominium Foreclosures: (17 Active, 8 Pending, & 38 Sold Listings)

Sugar Beach Resort

Sugar Beach Resort

This week’s highlighted property is Sugar Beach Resort #318.  This is a direct ocean-facing 1-bed/1-bath unit in this oceanfront complex.  With a list price of $429,000 and the last 2 direct ocean-facing units selling for $500,000 and $537,000, this unit is a great deal. It will not last long! Go here for more details about this , and contact me today to learn how to make it yours.

Maui Foreclosure Update (Week of Sept. 1)

Aloha Maui Fans,

As a realtor on Maui, one of the most frequently asked questions I get is, “Are there any foreclosures?” (If only I had a dollar for every time I get asked that question…)

In case you have that same question, you’ll be happy to know that I am offering a Maui Foreclosure Update every week.  To receive this weekly update in your e-mail, please follow this link and fill out the contact form on that page. Be sure to select the option for Maui Foreclosures on “I am interested in…” section.
As of September 1st, there is a total of:
95 Residential Foreclosures: (21 Active, 23 Pending, & 51 Sold Listings)
61 Condominium Foreclosures: (16 Active, 7 Pending, & 38 Sold Listings)

This week’s highlighted property is 23 Kuapapa Place in Central Kihei. It is near the Azeka Shopping Centers, Schools, and less than a minute from the beach.  This home is offered at $279,000 and only needs approximately $80K-$100K in repairs to be a great living space. For just under $400,000, you can have a cute home near shopping and the beach on Maui. You can read more about the listing by clicking here.

Family Fun at Ruby’s Diner

Our Friends; Ryan & Ashley (Back)  Collin & David (Front). My wife Jennifer and I are in the middle.  Photo Credit: Jennifer Poppy

Our Friends; Ryan & Ashley (Back) Collin & David (Front). My wife Jennifer and I are in the middle.
Photo Credit: Jennifer Poppy

When our friends visited us on Maui a couple of months ago, we wanted to find a fun place to eat dinner that our kids could enjoy.  We decided to go to Ruby’s Diner at the Queen Ka’ahumanu Mall in Kahului. We had been once before, and we wanted to eat there again. We decided to go on a Tuesday night because kids eat free! With seven kids total to feed, that is a great deal.

Photo Credit: Jennifer Poppy

The kids at the classic soda fountain bar Photo Credit: Jennifer Poppy

Ruby’s is a 1950’s-style diner that serves American style fare, from the classic American hamburger and fries to delicious hand-spun shakes.  On the evening we went, the atmosphere was fun and exciting as families, soccer teams, and some brave couples enjoyed the delicious food and (mostly) relaxed setting.  Despite the crowds and busyness, our top-notch server made sure that our food came to us hot of the grill and drinks never ran low.

The Food

Photo Credit: Jennifer Poppy

Photo Credit: Jennifer Poppy

Ruby's Food Jennifer's Food Pic2

Photo Credit: Jennifer Poppy

Photo Credit: Jennifer Poppy

Photo Credit: Jennifer Poppy

After our yummy burgers, fries, cheese sticks, etc., we had some delicious desserts. 

Ruby's Jennifer's Pic-Gabe

Some of us got a little messy (my youngest son) Photo Credit: Jennifer Poppy

The dessert specialist bringing us a yummy treat

The dessert specialist bring us a yummy treat

We had a wonderful time at Ruby’s Diner. If you are ever on Maui and want the whole family to go to a fun restaurant, or just had a busy day of shopping and you need to refuel, I am sure you will enjoy Ruby’s Diner as well.