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!

 

March 1, 2021

Daily Dose of Vitamin Sea ~ March 1, 2021

Happy March 1! Can you believe it?!?! February was gone in a blink.

And although the last few days the weather has been a bit blustery and rainy (but with beautiful rainbows and windy full moons, see pictures below), I don't know that March is coming in like a lion, though I suppose the rest of the world is ready for it to go out like a lamb!

We're still enjoying the whales, they should be around for a few more weeks and we are keeping very, very busy. 
 
 
Want to experience a whale watch this time with whales?!
 
"No matter how many beautiful pictures you see, it doesn't come close to being there in person."
 
Stay safe and well.
Click here for the latest updates from Maui
Posted in Community, Listing News
Feb. 24, 2021

Daily Dose of Vitamin Sea ~ February 24, 2021

Update from Maui ~ your daily dose of "vitamin sea"

This is our favorite time of year; the weather is a balmy 75 degrees (and maybe even cooler at night!), there is a slight tropical breeze in the air and the whales are here! And even if we don't see any spectacular breaches, we at least see a spout or two each day.

Not to be forgotten however, are the Hawaiian Monk Seals. We were lucky enough to see a couple sunning themselves on the beach a few days ago. They pretty cute creatures! Just remember, they follow the same rules as COVID...stay about 6 feet away.

We'd love to see any pictures or videos you have of Maui wildlife, so feel free to send them our way! 

Also, if you've missed a few of our "Vitamin Sea" emails, click here to see them on our blog.
 
 
Want to experience a whale watch (albeit without the whales), take a look at the video above. It was a beautiful evening!
 
"There was a magic about the sea. People were drawn to it. People wanted to love by it, swim in it, play in it, look at it."
~Cecelia Ahern
 
Stay safe and well.
Click here for the latest updates from Maui
Posted in Community, Maui Fun
Feb. 22, 2021

Daily Dose of Vitamin Sea ~ February 22, 2021

Update from Maui ~ your daily dose of "vitamin sea"

Aloha! 

Things are hopping here on the island! Hotel occupancy numbers for January just came out at 21.9%, but it sure feels like it should be higher. There wasn't a space to be seen at Napili Bay yesterday!

Unfortunately, it seems the busier the island, the higher the number of COVID cases. At the same time, though, it does seem like restaurants continue to be full and shops are staying open. And we're certainly keeping busy! So we continue to be so thankful for the small things, and are doing our best to do our part in helping keep the numbers down. 

Let us know if you have any real estate questions or inquires or just want to chat. We would love to connect!
 
 
"I am happy anywhere I see the ocean."
~Unknown
 
Another sunset installment from Maui - this time in time lapse.
27 seconds of a beautiful sky!
Stay safe and well.
Click here for the latest updates from Maui
Posted in Community, Maui Fun
Feb. 17, 2021

Daily Dose of Vitamin Sea ~ February 17, 2021

Update from Maui ~ your daily dose of "vitamin sea"

We hope you all are doing well, we're thinking of everyone in the midwest, particularly in Texas, that have been hit with the very severe weather and cold temperatures!

And if you're thinking of escaping and coming to Maui we would love to see you. As always, and with (extra) warm Aloha, we hope you are safe and well. 
 
 
Maui teenagers live the life dreams are made of...@jonahkirkham 
(make sure to turn the sound on!)
 
"Only those who risk going too far
can possibly find out how far they can go."
~T.S. Eliot
 
Sunsets from The Maui Beach House are spectacular! 
Stay safe and well.
Click here for the latest updates from Maui
Posted in Community, Maui Fun
Feb. 16, 2021

Maui Real Estate Advisor ~ February 2021 Real Estate Statistics

Quick Update:

Aloha all, February on Maui is the same as always, but different. I'm finding it interesting that I'm still being asked by many folks if Maui is open. Some have even told me that they are not coming over, "because nothing is open". Most of the restaurants are open. Occupancy of up to 30% is allowed and most are open air. Many of the tours and attractions are open as well.

February is the best month for whales, and this year has not been disappointing in the least. We were just out on Pac-Whale and happened across the largest competition pod I've ever seen. In case you don't know what a comp-pod is, it's sort of like a barroom brawl at closing time. It consists of one female and, in this case 8-10 males, all fighting for the dominant position, on the off chance the female has any interest in the winner. Our captain spotted them about halfway through our whale watch and we followed them until it was time to head back to the harbor.

We also strolled down Front Street on Friday night "Art Night". Yes, the galleries are open, and some had musicians playing inside. Masks and hand sanitizer are required at the door, and they are not handing out cheese and wine, but they are open and ready.

Front Street itself was less busy than it was over the holidays in December, but stores are still open and most people are wearing mask.

Maui is ready for you, whenever you are ready for Maui.

And what's happening in real estate? Let's look at the numbers.

Sales:

Sales are the number of properties that actually closed escrow. These properties likely went under contract anywhere from 2 to 8 weeks before closing.

Singe family home sales are defying gravity or something similar. As our inventory levels hit another record low and prices continue to climb, sales still hit 100 homes. Oh, and almost half of the 100 purchases, 48 to be exact, were cash sales. More about prices and inventory to follow in the report.

Condo sales for the month were down compared to December, and this January has 12 fewer sales than last January. About half the sales were vacation rental units or condo-tels. A lot of us expected that sales of condo-tels would drop and prices would soften due to the lack of visitors which would reduce rental income. However, prices seem to be holding up. 

Pending Sales:

Pending sales represent properties that are under contract but have not yet closed. Pendings are the pipeline that tell us how many sales are likely to happen in the next couple of months.

Total pendings soared. They hit 674 at the end of the month and at this writing are already up to 764 and seem to be climbing. New contracts on single family homes held pretty steady. We'll discuss inventory later in the report.

The number of condos in the pending sales category jumped from 214, already a strong number, to 314. That's a 50% increase. So, despite the lower mont to month sales pace, condo sales are staying strong. 

Inventory:

Inventory tells us how many units are available for sale in each category.

The number of homes for sales on Maui continued to fall in January. With just 253 homes for sale and the rate of sales still running at 100 or more per month, we're just plain and simple running out of houses. Further, of the houses for sale only about 1/3 of them are priced at or below the median selling price. And with the median selling price all the way up to $989,500, well that's not in the affordable range for the average buyer. 

Although condo inventory has dropped every month since August, which was also at its peak for 2020, there was a huge drop in January. Even with a 100 unit drop, 577 condos for sale still topped the number for sale last January by, oddly enough, 100 units. At the current pace of sales we have only 5 months of condo inventory.

Selling Prices: Average and median 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 the median is less likely to be skewed by outliers of a few very high priced or very low-priced sales.

As I noted earlier, the median selling price for homes is all the way up to $989,500. The average selling price of a home on Maui is over $1.5 million. Between high demand, low supply and cheap money, I don't see any slowdown in the near future. And at the current price points, and current income levels on Maui, I don't see how it can continue either.

Days on Market:

The days on market (DOM) is the number of days a property has been on the market until close of escrow. 

The days on market stat seems to be returning to what I think of as normal for Maui. The 142 days on market is a bit quick for condos, but the timeframe has been even shorter in some months.

Thanks for reading. We're really looking forward to a healthy 2021 and getting folks back on Maui. Be well, stay safe and we'd love to hear from you anytime.

___________________________________________

 

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 the 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. Our team consists of talented professionals; Cheri Miller R(S), Beau Dyer R(B), Angie Liu R(S), Suni Novotny R(S), Keri Nicholson R(S), Myra Plant R(S), Paul Goodman R(B), Jamie Martin R(S), Anthony Freda R(S), and Tony Brown R(B). We are businesspeople, 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 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 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 when both Steve’s were there (Jobs and Woz).  She was also Director of Strategic Marketing for Grass Valley Group, a division of Tektronix, and a business broker in California.

 

Copyright 2021 L. Lee Potts

Statistical information in this newsletter is based on actual sales information reported to the Realtors 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.  

Feb. 12, 2021

Daily Dose of Vitamin Sea ~ February 12, 2021

Update from Maui ~ your daily dose of "vitamin sea"

Happy Aloha Friday and Valentine's Weekend!

There are some great options if you want to take your Valentine out for dinner (though if you're just thinking of it now, reservations might be getting a little tight...). Merriman's at Kapalua has a great Valentine's Day menu as does Mala Ocean Tavern. Both also have gorgeous ocean views. If you prefer take-out both Sale Pepe and Roy's (have you had the chocolate souffle?!?) are great options to take home or take to a romantic picnic at the beach. 

Whatever you do, we hope you're able to enjoy the weekend with a loved one!
 
 
Another beautiful February sunset. Happy Aloha Friday!
 
Stay safe and well.
Click here for the latest updates from Maui
Posted in Community, Maui Fun
Feb. 8, 2021

Daily Dose of Vitamin Sea ~ February 8, 2021

Update from Maui ~ your daily dose of "vitamin sea"

Another Monday, they just seem to keep coming...

Things are quiet, but busy here on Maui. Cases are continuing to drop; though we're not sure whether that is because there aren't as many visitors or because of the vaccine, most likely a combination of the two, but we're thankful regardless!

The weather is still pretty fantastic and we're still enjoying watching the whales breach. Hope you have a great week and we'll talk soon!
 
 
It's all gone to the chickens
It's all gone to the birds...
 
"If the wind will not serve, take to the oars. "
~Unknown
 
Stay safe and well.
Click here for the latest updates from Maui
Posted in Community, Maui Fun
Feb. 5, 2021

Daily Dose of Vitamin Sea ~ February 5, 2021

Update from Maui ~ your daily dose of "vitamin sea"

Happy Aloha Friday!

For all of you that think it is always sunny and warm on Maui, it has been pretty cold lately (like 68 degrees...gasp!) and it snowed on Haleakala (proof below). For more photo evidence of Maui's wintery weather click here.

However, there is no complaining here, because we just have to drive down a few thousand feet and we're back to paradise!

We hope you all have a great weekend!
 
 
Another beautiful February sunset!
 
"You'll never find a rainbow if you're looking down. "
~Charlie Chaplin
 
Stay safe and well.
Click here for the latest updates from Maui
Posted in Community, Maui Fun
Feb. 3, 2021

Kaanapali Shores Bulletin ~ 7/1-12/31/20

Aloha!

I think we can all agree that 2020 was quite the year and one we don't want to repeat! We weren't sure what to expect with the strict travel restrictions in place from mid-March until mid-November and aren't surprised to see that the number of sales decreased by half. One thing we were surprised by was that the prices of the sales stayed steady with what they were during the first half of the year despite the lack of visitors. Technology has been essential for communication and virtual showings during this time. 

During the second half of 2020 there were 5 sales and 2 properties in escrow at the end of the six months. There was 1 cancelled listing and 0 expired.

Both inventory and number of sales at Kaanapali Shores between 2019 and 2020 have only a difference of 1 and median sales prices for condos on Maui rose towards the end of the year. So it doesn't seem as if this COVID thing is shutting down the real estate market and if anything is emphasizing the value of having a piece of paradise to either work from or escape to.

Currently we have our office on the ground floor near the gym, and we are open again with masks and social distancing and if you're comfortable we look forward to meeting with you again when you're on property!

For more information or to look at the listings check out AlohaGroupMaui.com or KaanapaliShoresTeam.com.

Feb. 1, 2021

Daily Dose of Vitamin Sea ~ February 1, 2021

Update from Maui ~ your daily dose of "vitamin sea"

Happy February 1! 

Whew, January flew by! The Hawaii Tourism Authority came out with some statistics today about how mainland visitors felt their visit to Hawaii was with all the COVID protocols in place. 85% of the visitors that were surveyed said their trip was "excellent" (all you have to do is look outside and nothing else matters, right!). Click here to read more.

Though there are probably always areas that can be improved, we're glad that the protocols aren't setting a negative tone for most people's trip to the Aloha state and that visitors continue to come to our island. We are thankful for them!

Have a great week!
 
 
Click above to see a sneak peek into our whale watch this weekend! 
 
"Winter has come to Maui. Time to get out the plaid board shorts..."
~Tom Althouse
 
Stay safe and well.
Click here for the latest updates from Maui
Posted in Community, Maui Fun