The Latest From Our Blog

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

 

Jan. 23, 2019

New Listing! Kaleialoha 208

We are excited to showcase our new listing at Kaleialoha in West Maui. It is an elegant oceanfront condo with a multi-million dollar view! Leave your lanai door open year round to enjoy the sound of the waves breaking and the whales breaching!

Kaleialoha 208

Luxury Ocean View Condo!

3785 Lower Honoapiilani Road

Lahaina, HI  96761

1 Bed/1 Bath   598 SF

MLS #381449   $600,000

Click here for more info. and pictures.

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
Jan. 22, 2019

Just Sold! Aina Nalu J102

Papakea L106Aina Nalu J102

Sold 1/18/19 for $525,000

Steps To Front Street!  

660 Wainee Street #J102

Lahaina, HI 96761 

2 Bed/2 Bath   832 SF

 

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
Jan. 18, 2019

Price Improvement! Luana Kai B306

Luxury Ocean View Condo!

940 South Kihei Road #FB306

Kihei, HI 96753

2 Bed/2 Bath   963 SF

MLS #379166   $759,000

 

One of a kind, hand crafted luxurious condo with big ocean views at a lovely oceanfront complex on one of Maui’s longest sandy beaches.  Picture yourself relaxing on the top floor of one of Kihei’s sweet boutique resorts taking in the views from your own private lanai.  Your own quiet oasis a million miles from every care in the world. 

The beautiful wood plank floors are really durable long lasting porcelain tile.  The tile runs throughout the downstairs which is open and airy and perfect for friends and family.  The island bar is unique. The table portion is split mango which reflects the beautiful island style. And the ceiling is a one of a kind work with beautiful contrasting wood inlay. 

 

Click here for more information.

 

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
Jan. 17, 2019

Aina Nalu Sales Stats Q4 2018

Hau’oli Makahiki Hou (Happy New Year)!

 

From October 1 to December 31 there were 4 listings and 3 closed sales. There weren't any expired or cancelled listings at the end of the quarter. There was 1 pending sale and 0 active listings at the end of the quarter.

Aina Nalu’s 4th Quarter was interesting since there were only 4 listings, 3 of which were sold during the quarter, and one which remained in escrow at year end. Three of those listings were 2br/2ba units, and one was a 2br/1ba REO unit (H201) that sold for a high price of $506,000. We achieved our highest sales price of $540,000 for a 2br/2ba unit (K207) since the condos were sold by the developer in 2006. We have no active inventory at the current time.

There were 15 sales in 2018, of which 9 were cash transactions, 1 was a 1031 exchange, 1 was sold before being listed on the MLS, and 5 were financed.

One studio unit was sold in January 2018 for $270K. Of the 1 bedroom units sold in 2018, prices ranged from $375K to $380K. The 2br/1ba sales ranged in price from $475K - $506K. The 2br/2ba unit prices ranged from a low in February of $465K to the high in December of $540K.  So during the year, the sales prices for 2br/2ba units increased by over 17% from the highest sale price in 2017 of $460K.

Units that are upgraded sell for higher prices. And of course, location of the unit, seller motivation, increasing interest rates for those financing, and rental income all impact sales prices. Interestingly, the highest priced sale was financed, which is great news for sellers because it mitigates concerns about appraisals.

Since we have no inventory available at this time, it’s safe to say that any listings would garner immediate attention in the market. Aina Nalu still compares favorably to other vacation rental properties in West Maui in terms of revenue potential, maintenance fees, the convenience of the location, and amenities.

Overall inventory for Maui condos is down 16% from December 2017; sales are down 14% and median prices are up over 11%. We are still expecting a slowdown in overall sales due to limited inventory and increasing interest rates, but we feel that Aina Nalu is valued in the market and new listings would sell rather quickly.

Twelve of the fifteen 2018 transactions involved an agent from Keller Williams Realty Maui. We are here to help if you have an interest in selling your condo!

Click for more information about Aina Nalu!

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.

Jan. 14, 2019

Just Sold! - Kamoa Views

Kamoa Views 313

SOLD 1/14/2019 for $299,000

Ocean View!

2124 Awihi Place #313

Kihei, HI 96753 

1 Bed/1 Bath/593 SF

MLS #380840

 

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
Jan. 10, 2019

2034 Pakolu Street

2034 Pakolu St.

Wailuku, HI 96793

4 Bed/3 Bath  1,529 SF

MLS #380494  $849,000

 

Are you looking for an Investment Opportunity or a 1031 Exchange? This authentic gem was just relisted and is located in the heart of up and coming Wailuku Town. 

Click here for more information! 

 

Posted in Listing News
Jan. 4, 2019

FREE 1031 Exchange Seminar on JAN 17

Thursday, January 17 at 6 pm in Kahului

CLICK to register.

CLICK to learn more about the benefits 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 - Your Maui Real Estate Professionals.

 

 

 

 

Dec. 20, 2018

Maui Real Estate Advisor - December 2018

November 2018

Sales Statistics

The official month end real estate sales statistics for November are published by the Realtors Association of Maui around mid-month. The numbers in this report were pulled from the Maui MLS on December 1, 2018. These numbers will vary slightly from the official figures due to factors such as late reporting. 

Sales declined in the month of November to the lowest number in 2018. A fall off in sales during autumn in Maui is expected just as it is on the mainland. The reason is that the summer is over, people are getting settled in for the new school year, they start getting ready for the holidays and, on Maui, we have fewer visitors, which affects both homes and condos.

November condo sales were also down, as expected. However, 120 units is still a healthy number of sales, and it is only 8 condos less than the same month last year.

I don’t normally comment on land sales, but seeing just 5 lots sell in a month is the lowest I ever remember.

Pending sales, along with other key statistics, are detailed below. 

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

Pendings dropped below 500 units in August and have stayed below 500 since then. We are down 201 units since March of this year. The decline is more pronounced for homes than for condos. Total pendings have declined 29% in just the last 8 months. 

Inventory tells us how many units are available for sale in each category. Inventory for homes increased slightly month over month but is down over 12% compared to the same month last year.

Condo inventory decreased 5% for the month and is down over 20% compared to last year. That is a big change. In January there were 647 units on the market and 652 in February. So with condos it seems like it is still a sellers’ market, while home inventory is now, from a market wide perspective, more balanced.

However, of the 492 homes for sale only 112 are priced at or below the median selling price point, meaning that we still have a sellers’ market at that lower end of the price range. 

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.

You can see the variance of the average selling prices for homes, which bounced from a high of over $1.1M down to $878,147 and back up to $1.1M + again. The median price also had its ups and downs, but the trend line, if you can draw one, is smoother. I don’t see a clear indication that home prices are declining yet.

Condo prices seem to be showing the effects of the declining inventory noted above. Before June of this year median selling prices were in the $400’s, and the price rose to $515K. After a little bit of a dip in the fall the November median hit $527,825, the highest this year.

The days on market is the number of days a property has been on the market until 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.

 

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 - Your Maui Real Estate Professionals.

 

Dec. 17, 2018

Keller Williams Award - November 2018

We continue to work hard for our clients...

 ...and were recently recognized as the Keller Williams Realty Maui #1 Group for Closed Volume in November of 2018!

 

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 - Your Maui Real Estate Professionals.

Dec. 15, 2018

New Listing - 111 Paia Pohaku St

 

111 Paia Pohaku Street

Launiopoko Ocean View Home On 1.5 Acres!

111 Paia Pohaku Street  Lahaina, HI 96761

3 Bed/2.5 Bath/1,680 SF

MLS #380980   $2,200,000

 

CLICK FOR MORE INFO AND PICTURES


 
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