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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!

 

May 14, 2019

Maui Real Estate Advisor - April 2019

April 2019 - Sales Statistics

A dramatic shift may be on the horizon

The Maui real estate market is definitely shifting. Comparing April 2018 to April of 2019, single family home sales are off 17.4% and condo sales dropped 22.2%. This year to date home sales are off by 17%, but total condo sales for the year are down just 1% compared to 2018. Indicators of demand for homes is still high, although with a median selling price of over $800,000, affordability could slow down the overall market. The stats for condos indicate that the trend could be shifting to a more buyer friendly market. 

Sales:

Pending Sales: along with other key statistics, are detailed below

Pending sales represent properties that are under contract buy have not closed yet. They are a key indicator of future sales. 

Pending sales are a bright spot in this report. Pending home sales have been on the rise for the last several months. The Realtors Association of Maui reports that pending sales are up 24% over the same month last year and 5.7% this year to date. Pending condo sales appear to be pretty level for the last 6 months. However, the association reports that pending condos are down almost 5% year over year and 16% this year to date.

Inventory:

Inventory tells us how many units are available for sale in each category. Inventory of homes for sale had a decline from April 2018 of just under 12%, and condo inventory dropped 16%.

Other telling inventory factors are that new listings for homes is off 8.7% compared to last April, and there is 5.2 months of inventory. 

However, the months of inventory number is misleading. At the rather lofty median selling price of $819,500, only 25% of the homes listed for sale today are priced at or below the median. 

Condo inventory is a bit more interesting. This year to date new condo listing are down 9.3%. However, there was a shift in April, as new listings were up 14.4% over April of 2018. That said, there is still only 4 months' supply of condos for sale. 

Selling Prices: average sold prices

We look at Average and Median prices in all categories. A lot of people like to know the average price; however, we tend to use median for most of our analysis, because median is less likely to be skewed by outliers of a few very high-priced or very low-priced sales.

The average selling price for homes crept back over the $1,000,000 mark in April. However, the shocker is the median selling price soaring to $819,500. That's 13% over April of 2018.

Condo prices are also surprising. The median selling price in April was down 13% from April of 2018. The average price is off 9.2%

Days on Market: (avg-sold listings)

The days on market is the number of days a property has been on the market until the close of escrow. That number seems pretty stable. Normal financed sales take 45-60+ days, so on average homes and condos are on the market up to 100 days before they go into escrow. I believe we are still seeing a downward trend in days on market.

 

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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.

 

 

May 9, 2019

Launiupoko Price Improvement

Aloha!

The weather is beautiful on Maui and what better place to enjoy it than in your new home! 

 

 

This ocean view Launiupoko home for sale opens up to the biggest most beautiful view you'll ever see and it just had a price improvement! If you love being entertained by whales in the winter, watching the sailboats cruise by at a leisurely pace year round and on and on, then you'll be in heaven on this grand estate!

 

 

Just imagine sitting on your lanai (after picking some fresh mangos from your yard) watching the whales breach, the sailboats lazily drift by and then the sunsets exploding the sky into brilliant reds and pinks. It would be the house in paradise that you've been dreaming of!

Want to learn more about this property for sale on Maui?

111 Paia Pohaku St., Lahaina, HI 96761 

3 bed, 2.5 bath, 1,680 SF

$2,000,000

Please let me know if you would like to see this one-of-a-kind property or if you want any more information.

Mahalo!

Lahaina Lee

lee@alohapotts.com

Posted in Listing News
April 30, 2019

Best Restaurants on Maui

Aloha!

Maui has some great restaurants, but when you live somewhere, full-time or part-time, sometimes it is hard to deviate from your tried and true favorites and try something new. So here are a few of Mauiʻs best restaurants

Hawaii Magazine recently did an article on their top 10 favorite places to eat on Maui. They are pretty spot on with their choices (though admittedly I haven't been to every place they chose), but they are also leaving a few favorites out. 

 

Sanseiʻs Japanese Calamari Salad

Starting in Kapalua and moving South, Sansei is arguably one of the best restaurants on Maui (and there is one in Kihei as well!). The fresh sushi is delicious, and not to worry if you're not a fan of the raw world, there are pork chops, steak and chicken dishes that all have abundant, delicious flavors as well. 

Taverna is a newer eatery and is just a block up from Sansei in Kapalua. Their tag line is "urban drinks and Italian eats." The atmosphere of the restaurant is almost as good as the food. From lobster benedict to one of the best burgers on Maui, Taverna will be sure to delight. And ask for the affogato for dessert, believe me, you'll be glad you did!

 

Lahaina Grillʻs Desert Sampler - bites of heaven, all of them

If you want a bit of a nicer restaurant, Lahaina Grill in Lahaina (obviously), has won best restaurant on Maui 26 years in a row. The menu is very farm to table, with fresh seafood choices daily. Your mouth will burst with happiness whatever menu item you choose. Be sure to make a reservation though, they are very busy!

Paia Fish Market is located in both, you guessed it, Paia, and a newer location, Lahaina. Fresh seafood, inexpensive prices, and great service will make Paia Fish Market a tried and true favorite.

 

Mochiko Chicken

Living on the West Side with so many great choices of places to eat, I don't venture over to the otherside (Kahului) very often and so while I have never eaten at Tin Roof, every one that has raves about it. Incidentally, Chef Sheldon was also the Chef that helped open Star Noodle (on Hawaii Magazine's top 10 list) and has recently opened Lineage in Wailea (also on the list), so there is no doubt that the food will be delicious. Priced right with a Chef born and raised in Hawaii; how could you go wrong.

Eating out can get expensive, so make sure you're choosing places that are worth the money! Eat, enjoy, explore and let me know what you find!

Aloha!

Posted in Maui Fun
April 23, 2019

Sold! Napili Puamala 227

Aloha!

 

Congratulations to the new owners of Napili Puamala! 

 

 

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
April 22, 2019

Kapalua Ridge Dream Villa

Aloha!

We have one of the most unique new condos for sale that we have ever seen! Kapalua Ridge Villas has been brilliantly re-built from the inside out and was truly turned into something quite spectacular. 

Located in beautiful Kapalua, in a corner location overlooking the 18th fairway of the Kapalua Bay Course, this one-of-a kind villa has a view from Molokai across the Pacific, and out past Honolua Bay.

The owners expanded the living room to the edge of the lanai and removed impediments to the view. The wall was replaced with expansive sliding glass windows and screens that open from ceiling to nearly the floor. The windows can be retracted to open air, so nothing hinders your view or the fragrance of the fresh Kapalua air.

The rebuild, which included raising the ceilings, took the property from a 1,756 SF condo to a 2,415 SF villa. It has all the benefits and ease of condominium ownership, but lives like a luxury home.

While the entire condo is worth going into great detail about, one of the most eye-catching details is the new staircase which takes you to the master suite. The handrail is handcrafted cherry wood and the curved stairs are maple. It is work of art!

There are ocean views from the guest suite, the master bedroom and of course, the redesigned main living area. 

Kapalua is a famous worldwide destination resort. It is one of the most exclusive areas on Maui. Let us know if you would like to see this condo for sale on Maui!

Kapalua Ridge Villa 7 21&22, 2 bed, 2.5 bath, 2,415 SF, $1,800,000

Click here to read more about this spectacular villa!

 

Posted in Listing News
April 9, 2019

Aina Nalu News Q1 2019

Aloha from your resident experts!

Activity at Aina Nalu picked up in the 1st Quarter, with 9 listings, 5 closed sales, and 3 pending sales at the end of the quarter. This compares to 4 listings and 3 closed sales in the last quarter of 2018.

Prices continue to hold where they left off in 2018, with 2 bedroom 2 bath units selling between $520,000 and $540,000. There was a 1 bedroom downstairs unit (G106), that sold for $410,000.

Of the 5 closed sales, only 1 was financed, 2 were cash, and 2 were 1031 exchanges.

Interestingly, the sold prices for upstairs and downstairs units are pretty similar, as opposed to the historically higher prices for upstairs units when they were new. Pricing is now influenced more by the condition of the unit and its location within the project – is it near the pool, facing a parking lot, etc?

At the end of the 1st quarter there was only one active listing, unit H205, a 2 bedroom 1 bath upstairs unit listed for $510,000. The last 2 bedroom 1 bath unit that sold was a foreclosure overlooking the small pool, and it sold for $506,000 with multiple offers. So unit H205 is priced well at $510,000 and won’t last long.

Interest rates seem to have stabilized, with experts saying that rate hikes are not expected in the near term. It seems that guest bookings are still pretty strong, too, so we don’t expect prices to drop anytime soon.

Overall, Maui condo prices seem to have stabilized, with a median price of $520,000 in the 1st quarter. Available inventory is still low compared to the same time last year, and days on market have dropped, with the average days on market for sold condos down to 119 in March 2019. All 5 of the condos sold in Q1 2019 were listed by agents with Keller Williams Realty Maui.

We are here to help you if you are interested in selling your Aina Nalu listing!

____________________________________

 

Aloha Group Maui is a team headed 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 – and we do it with Aloha! We are in business for pleasure and profit. We expect that most of our clients will enjoy the property they own in 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 if you are buying property in Maui, it’s a good idea to surround yourself with Real Estate Professionals.

Lee Potts holds an MBA and was the President of an international software company. He was also the Marketing VP of a publicly traded company, and has been investing in real estate since right out of college.

Barbara Potts holds an MBA, was a CPA with Ernst and Young, held a financial management position at Apple, was Director of Strategic Marketing for Grass Valley Group (a division of Tektronix), was a business broker in California, and has always been a real estate investor.

We would be honored to represent you with a purchase, sale or 1031 Exchange of Maui real estate. If you’re in Lahaina Town, stop in and see us - our office is across the street in Dickenson Square, in Suite 212.

 

Copyright 2019 L. Lee & Barbara S. Potts

Statistical information in this newsletter is based on actual sales information reported to the Realtor’s Association of Maui, Inc. While this information is deemed reliable, it is not guaranteed. This newsletter is for informational purposes only and not intended as advice for investment or any other purposes. Real estate is considered to be highly volatile and purchasers and sellers of real estate should always seek expert outside advice before investing.

 

April 5, 2019

Napili Surf 210

Aloha!

Have you ever wanted to live on beautiful Napili Bay? Where you can put your toes in the soft white sand and watch the whales play in the sparkling turquoise ocean. 

We have a condo for sale at Napili Bay Surf Resort! The unit and the whole complex just completed a year-long renovation and the interior has been completely updated and modernized. The full kitchen has all new cabinets, stainless steel appliances and beautiful granite counter tops. The bathroom has also been redone using the same wood and granite countertops as the kitchen, which creates great flow. 

Possibly the best part of the condo is that is located on Napili Bay, arguably one of the prettiest places on Maui! You get a sweeping view of the 1/2 mile long sandy beach and a spectacular view of the ocean with Molokai on the horizon. The stairs down to the beach are just a few steps from your condo, and from there you can explore the tide pools, enjoy a snorkel or just kick back on the sunny sandy beach. 

However you want to spend your days, just spend them here! Let us know if you would like to see this condo for sale on Maui!

Napili Surf Beach Resort 210, 1 bed, 1 bath, 570 SF, $665,000

 

With warm aloha,

Lahaina Lee

Posted in Listing News
April 3, 2019

Price Improvement Kaanapali Shores 303

Aloha!

One of our Kaanapali Shores condos for sale on Maui just underwent a price improvement! 

Kaanapali Shores 303 is a 2 bed/2 bath unit that features a full kitchen with granite counter-tops, glass tile backsplash and custom wood cabinetry. 

There are ocean views from the kitchen,

 the master bedroom,

the second bedroom,

AND the lanai!

This popular 10-acre condominium hotel boasts two swimming pools, two spa pools, saunas, fitness center, two tennis courts and a pickle ball court. You can relax at the pool-side restaurant for breakfast, lunch or dinner. There are convenient gift shops, a food pantry store, and beauty salon all located on the premises. World class location with high rental possibilities.

Please let me know if you would like to see Kaanapali Shores 303 for sale on Maui!

2 bedroom, 2 bath, 988 SF, $985,000

 

With warm aloha,

Lahaina Lee

Posted in Listing News
April 1, 2019

Renovated like New - Whaler 420

Aloha!

This beautifully renovated, ocean view Kaanapali condo for sale is open and available to show today and tomorrow only! 

Located on world famous Kaanapali Beach, and only a short walk to Whaler's Village, The Whaler has so much to offer, particularly Whaler 420.

It was renovated from top to bottom in November of 2016, so it looks and feels brand new. Both the kitchen and bathroom have porcelain tile floors that look like wood grain, solid wood custom cabinetry and the gourmet kitchen has beautiful Lemurian blue countertops and stainless steel appliances.

As beautiful as the inside is however, it cannot hold a candle to the ocean view from your lanai. The view is set back from the beach, but plenty close to see and hear the white water breaking on the beautiful sandy beach. You can watch the waves, the people, and the whales and enjoy the colorful sunsets. Another advantage to this location is that you also get a beautiful view of the green West Maui Mountains.

The Whaler is great for vacation rentals or for full-time living. 

Contact us today to schedule a showing for this Maui condo for sale.

The Whaler 420, 1 bed, 1 bath, 901 SF, $1,250,000

 

With warm aloha,

Lahaina Lee

March 25, 2019

Stunning Ocean View! Kaanapali Shores 836

Aloha!

 

 

Happy Spring! We recently listed another studio unit in one of my favorite resorts, Kaanapali Shores. This sweet studio really lives more like a one-bedroom condo with the high-end sleeper sofa and full-size kitchen. The cabinetry is solid wood topped with high quality granite. The cook even gets an ocean view while in the kitchen! This condo for sale on Maui is worth the look!

 

 

The best part about this unit is, of course, the stunning ocean view. You can sit on your lanai and relax with a cup of coffee while enjoying views of Molokai and all along the coastline to Kapalua. Or, you can also just stay in bed and watch the whales jumping while your minions serve you breakfast in bed!

 

 

Kaanapali Shores is beachfront on one of the most romantic walking beaches in the world. It has 2 swimming pools, hot tubs, an oceanfront restaurant, a fitness center, salon, oceanside massage, tennis courts, shops, BBQs and FREE internet for owners and guests.

So whether you're looking to buy a rental property on Maui or buy a condo on Maui for yourself, Kaanapali Shores 836 is a must-see! Contact your agent for the extensive amenities and the rental program and arrange a showing today.

 

Kaanapali Shores 836, Studio, 507 SF, $449,000

With warm aloha,

LahainaLee

 

 

 

Posted in Listing News