The Latest From Our Blog

This is where you can find out more about what's new at Aloha Group Maui - new homes for sale, new condos for sale, video tours, 3D tours, price adjustments, open houses, our community involvement, and Maui fun!

 

Sept. 15, 2019

New Listing! Kulakane 202

Aloha,

Finding an affordable property on the ocean, particularly on Maui, seems like an impossible dream. Well, we're about to make your dreams come true! We just listed Kulakane 202, a 1 bed, 1 bath condo just north of Kaanapali with a breathtaking, panoramic ocean view. 

 

It is everything you've dreamed of, nothing between you and the expanse of sea and sky. Gaze across at Molokai and Lanai, watch honu bob in the surf, soak up stunning sunsets year-round and experience majestic whales coming soon to your very own lanai. 

Kulakane 202 has been freshly painted, updated with new lighting and has new whitewash bamboo flooring. The outstanding feature of this sweet condo however, is the view. Simply step through the front door and gaze out at the beautiful blue ocean. The lanai will be where you spend most of your time, in fact, you might never leave. 

If you do venture away from the view, you will love the convenient location perfectly situated between the Lahaina/Kaanapali and Kapalua areas. It is within walking distance of several coffee shops, a sweet beach park and playground, the Honokowai Farmer's Market and one of the newest attractions in the area, the Food Truck park. You could eat there every night of the week and have something different each time. Kulakane is also only a short drive from world famous Kaanapali Beach and Lahaina Town. 

Looking North, you are within a few minutes drive of the Kapalua resort area, which is home to DT Fleming's Beach, the Plantation and Bay golf courses, ziplining and some of the best restaurants on the island.

If you're looking for an investment opportunity, Kulakane is also an excellent vacation rental property. The resort, and this unit, consistently earn 5-star ratings from guests on online rating sites. Your guests will enjoy free wifi and free parking. 

Contact your favorite realtor today to set up a showing of this gem of a condo. It is the affordable oceanfront property you've been searching for - how refreshing!

With warm aloha!

Posted in Listing News
Sept. 4, 2019

Sold! Maui Eldorado G204

Aloha!

Someone will be living the life! Congratulations to the new owners of Maui Eldorado G204.

With Warm Aloha!

 

CLICK for more information on how we can help you BUY your next home.

CLICK for more information on how we can help you SELL your home.

 CLICK for more information about the advantages of a 1031 Exchange.

 
Aloha Group Maui - Keller Williams Realty Maui can help you buy, sell or exchange a home or condo - for you to live in full time, part time or as an investment. Learn more about Maui Real Estate in our Maui Real Estate 101 resources section. Stay informed of market trends by reading the Maui Real Estate Advisor. Aloha Group Maui - We Are Your Maui Real Estate Professionals.

Posted in Listing News
Aug. 28, 2019

New Listing in Lahaina! 82 Kahili Place

Aloha,

Living in Lahaina is living in paradise. Ocean as far as the eye can see to one side and the beautiful West Maui mountains to the other. Living in what is arguably Lahaina's most affordable home in Lahaina's most desirable location is a dream come true.

Located on a cul-de-sac in "shark pit" there is easy access to a beautiful sandy beach where you can enjoy calm waters and breath-taking sunsets...every night. There is also a nearby surf break if you live like "surfing's the source." There are a variety of restaurants and a plethora of shopping opportunities located nearby as well. 

Besides the amazing location, 82 Kahili Place is the perfect family home. The living, dining and kitchen area are situated in a "great room" style which lends to a fantastic gathering place for family, friends and neighbors. The floors have the beautiful look of hardwood, but are durable ceramic tile and the kitchen appliances are all stainless steel.

The other stand-out feature of this home is the lanai and the large, fully-fenced yard. There is a gorgeous lawn, an abundance of fruit trees (morning smoothies anyone!), and a raised garden bed. The lanai is the perfect place for outdoor dining; with a full sink, a refrigerator, and countertop and cupboard space.

The home has instant hot water and solar to reduce the cost of electricity (worth the move right there), and the neighborhood has no HOA fees. This is a rare find in Lahaina and worth a call to your agent to find out more!

 

With warm aloha!

Posted in Listing News
Aug. 19, 2019

Hale Napili - The way Maui is supposed to be!

Aloha,

Have you been dreaming of the beach? Well, dream no more! We just listed an extremely rare slice of paradise right on Napili Beach. This boutique condominium complex is what guests and owners think of when they think of Old Hawaii. It's Maui the way it used to be without the crowds, without the hurry, right on the beach. It has all of the modern conveniences, but maintains the charms of old Maui.

Hale Napili is situated in the middle of beautiful Napili Bay, arguably one of the best beaches on Maui (shh, don't tell anyone). It has only 18 units, so you really do feel like you are living in your own little secret paradise. The beach is less than a coconuts throw away, but there is also a great grass lawn right in front of your property (think new front lawn without any maintenance!), where you can relax and casually watch the sunsets, the whales, the turtles, and the people at play in the sand and the surf. 

Hale Napili went through a major upgrade/renovation in the recent past, and the kitchen and bathroom in this studio were completely remodeled. Unit 17 has new appliances, tile floors, granite countertops, upgraded cabinetry and a large step-in double shower tiled area. It also has new carpet and new sliding door treatments. 

Click here for more information about Hale Napili 17 and call your favorite realtor and set up a showing today.

With warm aloha!

Posted in Listing News
Aug. 8, 2019

Ocean View at Kaanapali Shores 643

Aloha!

Kaanapali is synonymous with a long stretch of a white sandy beach, gentle waves, sunny days and a backdrop of the West Maui Mountains. 

Kaanapali Shores is located at the north end of Kaanapali beach and the condo for sale, Kaanapali Shores 643, has a view of the gentle waves, and the sunny days. 

When you're not out on your lanai, or playing at the newly renovated pool, enjoy your spacious living area and beautifully outfitted kitchen. Big enough to cook a Thanksgiving dinner, or just grab a quick turkey sandwich to take to the beach, you'll enjoy the ease and openness of the space.

The bedroom is large enough to accommodate a king size bed and the bathroom has been recently updated with a new shower enclosure, modern wooden vanity and a beautiful granite countertop.

As an owner, you'll also enjoy all the amenities, outstanding property management, and onsite rental program. 

So plan to come sit awhile, and relax on the lanai. You'll never want to leave.

Click here for more information about Kaanapali Shores 643. Contact your favorite realtor today and set up a showing!

With warm aloha!

Posted in Listing News
Aug. 7, 2019

This is the Life - Maui Eldorado G204

Aloha!

Studio | 570 sq ft | $320,000 Leasehold

The Maui Eldorado is arguably one of Kaanapali's most irresistible locations and we have a condo for sale! Situated just above Kaanapali's Royal Golf Course, G204 is a rare second floor unit with an ocean view overlooking the newly remodeled pool and outdoor recreation area.  

Despite being a studio, G204 is open and has an efficiency that makes if feel more like a one-bedroom. The lanai is large and invites you to grab your morning coffee and relax while being serenaded by the tropical birds. 

This is the life.

The Maui Eldorado has recently been updated. You'll love the new pool (which you can see from your lanai) and large recreation space, with game areas, BBQs, and open spaces. There is enough room for a gathering of any size!

The location of Maui Eldorado couldn't be any better, located in the heart of Kaanapali, it is an easy stroll to world-famous Kaanapali Beach and Whaler's Village shopping center which hosts coffee shops, surf stores, upscale shopping and a variety of restaurants. 

Once you're done shopping (or eating), hang out on the other side of Black Rock at the exclusive Maui Eldorado cabana with it's own beachfront lanai, kitchen facilities, bathrooms and showers. 

Click here for more details and then call your favorite agent today and set up a showing.

With warm aloha!

 

Posted in Listing News
Aug. 7, 2019

Hale Royale D101 Price Improvement

Aloha!

Hale Royale D101, 2 bed/2 bath/1,122 SF/**$495,000

Hale Royale is located in quiet Honokowai, about 15 minutes North of Lahaina. As a result of the many micro-climates on Maui, the weather is slightly cooler (and in the middle of July, believeyoume, you will notice!) and there is a little bit more rain to make it even more lush and beautiful. 

The condo is located just steps away from a sweet little beach park, a coffee shop and a local farmer's market. There are two pools and tennis courts on property as well, so you really never have to leave your little piece of paradise. 

Hale Royale is also a great rental investment. The property restricts rentals to long term only, so there is opportunity for consistent income and less hassle than a vacation rental property. 

D101 features an open floor plan with vaulted ceilings, and a large comfortable lanai overlooking a greenbelt and one of the pools. The bedrooms are downstairs (think cooler sleeping temperatures!) and the master opens onto another lanai and onto the green space. 

One of the most affordable 2 bedroom, 2 bathroom fee simple units on Maui's West Side just got even more affordable with the recent price improvement. Contact your favorite realtor today and set up a showing!

**Price Improvement

With warm aloha!

Posted in Listing News
Aug. 4, 2019

Just Sold - Papakea L106 & Papakea E304

Aloha! 

We are excited for our two recent closings at Papakea! 

We represented the Seller for Papakea L106, a 2 bed, 2 bath, 861 sq. ft. condo. It sold for $570,000 Leasehold.

For Papakea E304, a 435 sq. ft. studio, we represented the Buyer and helped our client purchase the condo for $405,000 Fee Simple.

Congratulations to both our Seller and our Buyer!

Papakea is perfectly located and within easy walking distance of restaurants, the local Farmer's Market, coffee shops and more. The property boasts amenities like two oceanside swimming pools, tennis courts, hot tubs, putting greens, a shuffleboard court, BBQ area and 24-hour desk service. 

Papakea is ideal for both a special second home or for rental income. 

Aloha Group Maui - Keller Williams Realty Maui can help you buy, sell, or exchange a home or condo - for you to live in full-time, part-time or as an investment. Learn more about Maui Real Estate in our Maui Real Estate 101 resources section. Stay informed of market trends by reading the Maui Real Estate Advisor. We are your Maui Real Estate Professionals. 

Posted in Listing News
Aug. 1, 2019

Maui Real Estate Advisor - Mid-year 2019

Mid-Year 2019 Sales Statistics

#1 question in real estate is..."How's the market?" The answer is, it depends on what market you're talking about?

What I seem to be hearing from most of the national sources is that a correction is overdue. It is not particularly clear what a "correction" is or what it means. If it is supposed to mean that prices are going to drop, I don't see that happening, at least not on Maui.

Why not? It's the most basic economic law in the book, supply and demand. The National Association of Realtors tells us that a "balanced' market has about 6 months of inventory. The inventory on Maui right now is about 4.8 months of homes for sale and only 3.9 months of condos for sale. 

And, as you can see from the chart above, inventory (supply) has been shrinking since 2010. Mid-year 2010 there were about 1,700 condos for sale. Halfway through this year, at the end of June, we had just 476 condos for sale.

New listings for single family homes are actually up for the year with a 5.5% increase over 2018. However, demonstrating the demand side of law, the inventory of homes for sale is down 17% since January. 

To illustrate the importance of which market we're talking about, of the 88 homes sold in June, 44 were sold for the median selling price of $750,000 or less. Currently, there are 91 homes on the market priced at $750,000 or less. So, for those hoping to buy a home at the more "affordable" end of the price range, there is barely 2 months of inventory available. 

There is no indication of a price correction coming in the mid-price or low range of Maui's market for either homes or condos. Sales in both categories are dropping due to the aforementioned lack of inventory, and a large group of the population is being priced out of the market.

If you are thinking of selling, there is no time like the present. If you thinking of buying, I don't see prices coming down, but interest rates are still excellent. Remember, every 1% increase in interest rates reduces your buying power by 10%. Sharpen your pencil and keep looking for whatever will work to get you into the market.

Condos - Area and Regional Highlights

At mid-year the hot spot for condo sales by a wide margin was Kihei with 318 sales for the first half of the year. If you add the Wailea/Makena sales in with Kihei, it brings Maui's South Side up to 401 sales for the year, far outpacing Maui's West Side, which had only 289 sales during the same period.

For Kihei, the number of sales this year is almost identical to last year. Both the average and median selling prices are up significantly at 9% and 8% respectively. 

Wailea/Makena has really dropped off. The number of sales is down over 35%. The average selling price is flat, but the median is up by 8% indicating a bit more activity at the higher end of the market.

On Maui's West Side, Kaanapali is the only area showing a decline in sales year-over-year. Inventory in Kaanapali is down. On the other hand, sales are up in the Kapalua, Lahaina, and the Napili/Kahana/Honokowai areas.

Napili/Kahana/Honokowai sales are up by almost 10%. A plethora of sales at the leasehold complex of West Maui Trades helped to depress the average selling price by 5%. However, the median selling price was stable with a 1% increase overall.

Sales in Maui's Central District, Kahului and Wailuku, dropped by over 20% as supply continues to shrink in Maui's most affordable place to live.

Wailuku had 68 sales, down by 23%. There are currently just 9 condos on the market in Wailuku. As you might expect the average selling price is up 22% and the median has skyrocketed well over 36%.

One final area of note is Maalaea. Sales at the second windiest harbor in the world dropped by 30%. But it wasn't because of the wind. Maalaea is really a nice spot, there just isn't much for sale there. The average price is up 11%

Single family home - Area and Regional Highlights

The area with the highest number of single family home sales was Wailuku. Kahului, the other city in the Central District had the 3rd most sales on Maui, making Central Maui the dominant district for home sales. Sales in Wailuku were down 7.5% with the average selling price up 7% and the median up just 2%. With a monthly average of 20 sales and only 48 homes for sale, there is just over 2 months supply in Wailuku.

Kahului sales were off by 24.5%, and both the average and median prices were down slightly. At the current pace of sales, Kahului has just enough inventory for 2.5 months.

With 83 sales, Kihei had the second most sales of any area. Sales were off by 6% with the average price down by 1.5%, but the median was up 19%. With 35 homes on the market, Kihei has enough homes to last for almost 3 months.

On the West Side, Lahaina sales are off by almost 6%, with selling prices down an average of 12.7% and the median price down 6% to $800,000. That said, there is exactly 1 (one) house for sale in the Lahaina area for less than $800,000. That house, by the way, is pretty much just a teardown.

In Kaanapali, sales are down by 43%. The average and median sales prices are virtually flat. 

In Napili/Kahana/Honokowai areas, sales are up 20% with the average selling price also up 20%. The median was actually down 2%. Why was there such a difference? The average was skewed by a single sale of $9,000,000. Sadly, that was not my sale.

Kapalua sales are up with 11 sales this year compared to just 8 last year. The average selling price is off by a whopping 47% and the median is down 23%.

Other areas of interest include Haiku, where sales are down 10.5% and the median selling price is up by 6%. 

In Kula, sales and the average selling prices are completely flat. However, the median price is up almost 11%.

Pukalani, also considered Upcountry, had a sales increase of 76.5%! The average selling price is up 14% to $766,530 and the median is up 5% to $724,000. They have enough inventory for 4 months.

Like its Upcountry neighbor, Makawao, also had a nice jump in sales of 42%. The median selling price was up just 3% to $680,000.

For more information send an email with your request to info@alohagroupmaui.com or see all of the listings on Maui at AlohaGroupMaui.com.

Be sure to visit us online at AlohaGroupMaui.com

A hui ho!

___________________________________________

Get more information and details

To get more information on property and trends, you can search all properties listed for sale at www.alohagroupmaui.com. If you can't find what you're looking for there, send us an email to lee@alohapotts.com and we'll do our best to get an answer for you. As we get more requests for information, we'll add new sections to our website, newsletter or both.

About Aloha Group Maui

Aloha Group Maui was founded by L. Lee Potts, MBA, REALTOR R(B), and Barbara S. Potts, MBA, REALTOR R(B) and former California CPA. We are business people, and we treat our clients with the same care and service attitude that we would like to receive when we do business. We are in business for pleasure and profit. We expect that most of our clients will enjoy the property they own on Maui (pleasure), and it would be nice for everyone if your property performs well for you (profit). Real estate can be highly speculative, and profits are never guaranteed. So fi you are buying property on Maui, it is a good idea to surround yourself with a professional team. 

Lee Potts is the former President of an international software company and former Marketing VP of a publicly traded franchise organization. Lee and Barbara are both licensed under Keller Williams Realty Maui.

Barbara Potts was a CPA with Ernst and Young before joining Apple Computer back with both Steve's were there (Job and Woz). She was also Director of Strategic Marketing for Grass Valley Group, a division of Tektronix, and a business broker in California.

 

July 31, 2019

The Pinnacle of Perfection - 98 W Mahi Pua

Aloha!

If you're looking for the perfect home, you've found it! The view, the space, and the price all come together for the perfect pinnacle of perfection. 

The 'piece de resistance' is the view from the upstairs lanai and the spectacular infinity pool. The unobstructed view looks out over the beautiful green fairways of the Kaanapali golf course and out to the azure Pacific and the island of Lanai. The angle of this vista provides you with the breath-taking Maui sunsets year-round. In fact, you can enjoy the beautiful view from the living room, gourmet kitchen, the master suite and the 2 downstairs guest rooms.

The home has over 5,600 square feet under roof. There is 3,889 sq. ft. of indoor living space with 3 en-suite bedrooms and 2 additional convenient half bathrooms. The grand living room features large retracting multi-panel doors that disappear so you can seamlessly transition from inside to the magnificent covered lanai and infinity pool. The gourmet kitchen has top of the line appliances, a wrap around granite counter and the kitchen window accordions out to make the view even more seamless and make it easier to use your extended outdoor kitchen.

The Pinnacle is priced below market value. Compare it to other sales of similar properties in this neighborhood (or any other luxury neighborhood on Maui) and you will immediately grasp that this house is a great value. 

Nestled at the end of a private drive and the end of a cul-de-sac, the Pinnacle House is also perfectly private. Beyond your back yard there are no neighbors, just a ravine that borders the golf course situated well below your home. The exclusive neighborhood is in its own small gated community within the gated community of the Kaanapali Golf Estates.

So, whether you're looking for a perfect family home or your own Maui retreat, the Pinnacle House is a must see! Click here to see more and then contact your favorite realtor today to set up a showing!

With warm aloha!

Posted in Listing News