This week South Maui had 17 new listings come to market ranging in price from $275,000 to $3,795,000. The lowest priced property is a two bedroom, two bath unit at Kihei Villages and the highest priced property is a vacation rental at Wailea Elua. Since Elua 1001 is down by the ocean and a pitching wedge away from the pool pavilion, its location is awesome! 23 properties adjusted their pricing and 23 properties sold in the last week.
The link below will bring you to one of the properties that came to market that is now on my radar:
Maui Vista 3-414: Looking for a two bedroom vacation rental in South Kihei at a price under $450,000? This unit is located towards the back of the resort so it is away from South Kihei Road. The unit is being sold fully furnished and is well stocked and the owner is asking for the new owner to honor future bookings.
Should you have questions about Maui Vista 3-414 or other properties, please don’t hesitate to get in touch with me.
If you are considering purchasing your home, second home or vacation rental and the island of Maui is your desired destination, purchase sooner rather than later. The jobs report came out today and experts say that this could mean a rise in interest rates. As of right now many of the properties under contract are in the higher price ranges. By higher I mean more than $1,000,000. Of the 177 properties under contract, 41 are above that mark. Add another ten properties to that total if you bring that mark down to $900,000. Ocean front condominiums are another popular commodity right now too and it does not matter how much they are listed for.
Maui will always be a popular place to own property. If you have the ability, purchase something ocean front and vacation rentable.
Click my picture below to see an article from the New York Times regarding the current jobs report.
This is Kauhale Makai also known as Village By the Sea. There are 169 units in two buildings with studio, one bedroom and two bedroom floor plans. The resort’s amenities consist of a pool, hot tub, putting green, shuffle board, and BBQ area. The open area that you see in front of the complex is a park so it can’t be developed. This is one of the few complexes that has the electricity included in the maintenance fee along with water, refuse, reserve payments, upkeep of the grounds and if I remember correctly basic cable and internet too.
Unit 234 is one of the front row, two bedroom units that can be used as a vacation rental. It is a blank canvas ready for its next owner to make it their own. Why is it listed at such a reasonable price of $399,000? There is an assessment planned for the future. Unfortunately, as of this writing no amount or time frame is known at this time. Click the following link to view Kauhale Makai 234. The property is listed with Wailea Realty.
This week South Maui had 34 new listings come to market ranging in price from $297,000 to $4,250,000. One being a studio at Kauhale Makai and the other being a four bedroom, four bath house in the prestigious Wailea Golf Estates home. 20 properties had an adjustment in price and 33 properties sold.
Below are two of the properties that came to market with my explanation of why I like them.
Kamaole Sands 10-214: One of the larger two bedroom floor plans at Kamaole Sands with both bedrooms on the same level. The building’s location is one of the most desirable in the complex. While the unit has been updated, it may a bit more to bring it into top tier status. This property is listed with H K Realty LLC..
Koa Lagoon 406: Not too many units come up for sale in this North Kihei ocean front complex. Spectacular views and priced below $500,000. This property is listed with Bello Realty.
Should you have any questions about these units or other properties & neighborhoods, please get in touch with me.
While today’s weather isn’t your normal sunny Maui day, South Maui’s real estate market seems to be doing just fine. There are 171 properties under contract ranging in price from $115,000 to $22,000,000 with an average days on market being 142 days and an estimated value of $191,608,336. Not bad for a market where we’ve had a new, unproven President with rising interest rates. What are people buying?Ocean front in all different price ranges, whether it be condominiums or homes. Of the 62 homes pending, 20 of the are above the $1,000,000 price point. At the other end of the spectrum, condominiums in complexes such as Southpointe, Kihei Villages, Keonekai Villages and Kihei Kai Nani are experiencing a selling off of inventory. Why? Many of the units are at about $350,000 or less which is an affordable price range for many people.
Since you are reading this blog, you must be interested in Maui real estate. I’ve either met you at an open house or the god’s of the search engines brought me to you. Buy Maui now, especially vacation rentable properties or ocean front homes and condominiums. All of the construction you see around Maui is either residential condominiums or neighborhoods. There aren’t any new vacation rentable condominiums being built and as Maui continues to be an awesome place to vacation, those properties will become more desirable. Ocean front speaks for itself.
Thank you for taking the time to read this little post. Should you have questions or just want to sell your property, please get in touch with me and lets see if we are a match.