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        <title>Maui Real Estate &amp; Lifestyle News</title>
        <link>http://www.luxuryrealestatemaui.com/blog/2024-06/</link>
        <description>Courtney M. Brown, Realtor (S) Blog: information on the Maui real estate market, trends, and listings. Homes, condos and land for sale.</description>
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    <guid>http://www.luxuryrealestatemaui.com/blog/market-spotlight-ironwoods-62.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/market-spotlight-ironwoods-62.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Market Spotlight: Ironwoods 62</title>
    <description> <![CDATA[ 
Market Spotlight: Kapalua Ironwoods 62


Beautifully Remodeled Ocean View Condominium Residence for Sale


An aerial view of the Ironwoods, overlooking Kapalua Bay Course and Oneloa Bay to the South


The Ironwoods is a small gated community comprised of just 10 buildings, each with four residences (in building 9, the two top floor residences were combined to make one larger residence).  Each residence has a detached garage, a rarity for oceanfront condominiums on Maui.


Amenities at the gated Ironwoods community include a fitness center, recreation room, solar heated swimming pool and spa, as well as tennis courts and an onsite resident manager.  


Ironwoods 62 Upgrades and Finishes


Incomparable and casually elegant, this stylish and spacious single-level rare gem enjoys pleasing ocean and golf course views. This residence was literally taken down to the bare studs and then fully and artfully recreated.





Custom Features include Summit Peak Shenandoah white oiled oak flooring throughout, custom Schuler cabinetry in kitchen and baths with soft closing mechanisms, roll outs, and polished chrome cup and pull hardware, Monte Cristo honed finish granite counter tops with a 2.25” mitered edge in kitchen, dry bar, bathrooms, and entry ledge. The Bosch kitchen appliance package includes built-in oven with multi-function steam oven, 36” Smart induction cook top with integrated exhaust hood, top of the line Benchmark series dishwasher with leak detection, Smart double door refrigerator with center pull out drawer and lower freezer drawer.





Rounding out the appliance package are a mini Wolf undercounter oven, GE Profile beverage center, and Smart Bosch Series 800 washer dryer, also with leak detection. Plumbing fixtures include HansGrohe faucets and shower controls, Kohler sinks, and Grohe towel bars and hooks.





To ensure energy efficiency and comfort, all of the windows were replaced with Pella Lifestyle double pane windows, and the spacious Lanai off the main living area is graced with a custom 8’9” high by 8’ wide vanishing pocket door system. The primary bath boasts a custom granite clad Smart Steam shower with L shaped sit down bench, rain shower head as well as a hand held shower wand.





Further complimenting the package is a new Smart Daiken One HVAC system and ducting, new electrical and new plumbing throughout, Armstrong “Safe and Sound” insulation in ceilings, interior and exterior walls, new ceiling fans in Living room, Ohana room, Primary and Guest suites, new ELCO 4” square LED path and art lighting throughout with dimmer switches and Décor screwless faceplates, Hinkley lite fixtures in Kitchen, entry, and art hall gallery.





Add to that, a new Rheem Gladiator smart water heater and recirculating pump with automatic leak detection and shut off, custom Levolor and Bali window coverings in Living room, Ohana room, and Primary and Guest suites, Custom California Closet build outs in Primary and Guest suites with soft close drawers and laundry hampers in Primary closet. Also new interior doors throughout with Baldwin hardware, new casings, and floor base moldings.





All ceilings and walls are finished to a custom level 5 smooth coat finish, and new random stone quartzite installed on all three lanais. . . and so much more, including the added bonus that Ironwoods 62 has a private one car enclosed garage and a direct level walk in entry with no stairs . . . a rarity in Kapalua





All situated on 9.2 lushly landscaped acres, with access to the beach at Oneloa Bay.  There is a side gate adjacent to building 6 with easy access to the dining and spa at Ritz-Carlton, Kapalua and the walking paths.  The Ironwoods enjoys a wonderful location at the heart of the Kapalua Resort.





Included in this offering is an inventory of exquisite furnishings and the Sellers are offering to pay the initiation fee to the Kapalua Club for 2024, which provides activities and a sense of community for Kapalua Resort property owners.


Compare recent Kapalua Ironwood Sales


View Current Kapalua Ironwoods for Sale:


 
 ]]> </description>
    <pubDate>Thu, 13 Jun 2024 14:04:00 -1000</pubDate>
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    <guid>http://www.luxuryrealestatemaui.com/blog/maui-real-estate-statistics-for-may-2024.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/maui-real-estate-statistics-for-may-2024.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Maui Real Estate Statistics for May, 2024</title>
    <description> <![CDATA[ 
Each month, the Realtor's Association of Maui publishes updates on the Maui real estate market. 


The report notes:


U.S. existing-home sales fell for the second month in a row, sliding 1.9 month-over-month and 1.9 year-over-year, according to the National Association of REALTORS® (NAR), with sales down in all four regions of the country. Higher borrowing costs and accelerating home prices continue to weigh on demand, pushing some prospective buyers to the sidelines and causing market activity to slump ahead of summer. 


New Listings decreased 4.3 percent for Single Family homes but increased 101.9 percent for Condominium homes. Pending Sales decreased 18.3 percent for Single Family homes and 34.6 percent for Condominium homes. Inventory increased 10.5 percent for Single Family homes and 172.2 percent for Condominium homes. 


Median Sales Price increased 2.0 percent to $1,297,500 for Single Family homes and 1.3 percent to $840,500 for Condominium homes. Days on Market decreased 11.1 percent for Single Family homes but increased 25.0 percent for Condominium homes. Months Supply of Inventory increased 14.3 percent for Single Family homes and 221.4 percent for Condominium homes. Home prices have continued to climb nationwide, despite an uptick in inventory this year. 


Nationally, the median existing-home price reached $407,600 as of last measure, a 5.7 increase from the same period last year and a record high for the month, according to NAR. Meanwhile, total inventory heading into May stood at 1.21 million units, a 9 increase month-over-month and a 16.3 increase year-over-year, for a 3.5 month’s supply at the current sales pace.


MAUI HOMES: ACTIVE LISTINGS, PENDING SALES, AND SALES*


Active Listings: 278 homes from $699,000 for a home for sale in Wailuku to $75,000,000 for Hana Ranch, followed by $42,500,000 for a home for sale on Keawakapu Beach.  This is followed by a $33,000,000 oceanfront home for sale in Makena and a $30,000,000 oceanfront home for sale in Kapalua ResortPending: 125 homes from $490,000 Leasehold for a home in Hawaiian Home Lands to $9,975,000 for a home in Kula.Sold (2024): 329 homes from $405,000 in Haiku to $38,500,000 for a home in Maluhia


MAUI CONDOS: ACTIVE LISTINGS, PENDING SALES, AND SALES 


Active Listings: 590 condos listed from $210,000 Leasehold for a condo in Honokowai to $18,000,000 for a condominium residence at Wailea PointPending: 109 condos pending, ranging from $237,000 Leasehold for a condo in Honokowai to $5,400,000 condo at Wailea PointSold (2024): 431 condos sold, ranging from $95,000 to $13,000,000 for a condo at Discovery's Makena Golf and Beach Club.


At the last update, the Active listings were 537 and pending sales were 110, This continued increase in listing inventory and leveling off in pending sales is likely attributable to theproposed changes to Maui County's Short Term Rental rules and regulations.  


MAUI LAND: ACTIVE LISTINGS, PENDING SALES, AND SALES 


Active Listings: 130 parcels from $150,000 in Keanae to $55,000,000 for over 160 acres in MakenaPending: 25 lots from $299,000 in Hana to $4,490,000 for an oceanfront parcel on Halama Street in Kihei.Sold (2024): 92 lots from $175,000 in Haiku to two parcels each selling at $11,700,000 as part of Discovery's Makena Golf and Beach Club.


*Molokai and Lanai are not included in the above-written summaries, although they are a part of Maui County.  This data is taken from the MLS on the date of this post, 6/6/24


Read the full report and see how it compares to prior years here: Maui Real Estate Statistics


 


 
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    <pubDate>Thu, 06 Jun 2024 11:04:00 -1000</pubDate>
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