Maui Real Estate & Lifestyle News

Maui's Resort Areas: a Nine Month Review of the Market

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Fri, 10 May 2024 17:47:00 -1000

Maui's Resort Areas: a 9 Month Review of the Market for Condos and Homes How the past nine months compare with the same period in the prior year Maui has been slowly recovering in the wake of the tragic fire of August 8, 2023. Many buyers and sellers have asked me how the market is doing, so I've compiled some data for both condominium and home sales by area comparing the period from 8/8/23-5/8/24 with the same period in 22-23. West and South Maui Condo Sales The statistics show that sales are down primarily in West Maui, with the condominium market in Kapalua hit the hardest, with number of sales down -66 and dollar volume down 49. with uncertainty regarding the future of Short Term Rentals in the apartment zone, we are seeing more sales at hotel-zoned properties. Kaanapali has more hotel-zoned properties (like Honua Kai, Whaler, Alii, and Mahana) at lower prices than Kapalua, which has the Montage Residences, Kapalua Bay and the Ritz-Carlton, Kapalua, which command higher sales prices. However, while it appears that condo sales are up in Wailea & Makena, and subsequently, South Maui, they are actually down -19 if you remove the new developer sales. It's important to note that two developments began closing in 2022-2023 (Paradise Ridge in Kihei and Makena Golf & Beach Club). In 2023-204, we continued to see new sales recording at Makena Golf & Beach Club and at Lai Loa. In the last 9 months, there were 55 sales at Lai Loa and 13 at Makena GBC. This amounts to 60 of the Wailea/Makena condo sales. The low sales price was $1,519,250 and the high was $13,000,000. The total sales volume at these two complexes was $291,586,280 or 60 of the total dollar volume. It also impacts stats such as days on market, as they typically will go under contract pre-construction. That is why the average days on market for this period for all of Wailea/Makena is 620, but if the new development is removed, it is actually 95. It is also important to note where we are seeing the majority of the sales activity. In the last nine months, the bulk of the condo sales (96) in West Maui are under $3,000,000. In fact, 62 were under $1M, 29 from $1-2M, and 5 from $2-3M. In West Maui, there was only one sale over $5M, a Montage Residence at Kapalua Bay that closed at $12M In South Maui those stats are a bit different due to the new developments, with 88 under $3M and 12 from $3-13M. I expect we may see a slowing of sales in the condominium market in the next quarter, particularly in those areas not zoned hotel, on the heels of the Mayor's announcement of a bill to phase out short term rentals in apartment zones. This affects more than 7000 properties that currently rent legally under Chapter 19.12.020 of the County Code. Read More about the proposed legislation that is impacting Maui's Short Term Rentals Volume () of Condo Sales 8/8/22-5/8/23 8/8/23-5/8/24 Change West & South Maui 657 610 -7 West Maui 273 188 -31 South Maui 384 422 10 Maalaea 33 27 -18 Kihei 286 279 -2 Wailea Makena 65 116 78 Wailea (exclude new dev) 57 46 -19 Lahaina 56 2 -96 Kaanapali 62 59 -5 Napili/Kahana/Honokowai 126 117 -7 Kapalua 29 10 -66 Volume ($) Condo Sales 8/8/22-5/8/23 8/8/23-5/8/24 Change West & South Maui $807,171,395 $964,984,382 20 West Maui $313,600,610 $214,749,408 -32 South Maui $493,570,785 $732,114,974 48 Maalaea $23,137,500 $20,138,580 -13 Kihei $245,201,236 $257,362,116 5 Wailea Makena $225,232,049 $454,614,278 102 Wailea (exclude new dev) $135,857,149 $163,027,998 20 Lahaina $59,165,500 $235,000 -100 Kaanapali $94,589,500 $96,732,250 2 Napili/Kahana/Honokowai $96,646,610 $85,785,158 -11 Kapalua $63,199,000 $31,997,000 -49 Median Condo Sales Price 8/8/22-5/8/23 8/8/23-5/8/24 Change West & South Maui $852,500 $915,000 7 West Maui $885,000 $827,500 -6 South Maui $831,250 $959,500 15 Maalaea $709,000 $701,000 -1 Kihei $794,000 $800,000 1 Wailea Makena $2,050,000 $2,662,275 30 Wailea (exclude new dev) $1,795,000 $2,800,000 56 Lahaina $850,000 $117,500 -86 Kaanapali $1,346,250 $1,500,000 11 Napili/Kahana/Honokowai $755,000 $689,000 -9 Kapalua $1,675,000 $2,297,500 37 Low Condo Sales Price 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM * $160,000 $95,000 -41 West Maui * $160,000 $95,000 -41 South Maui *** $345,000 $239,000 49 Maalaea *** $390,000 $326,000 -16 Kihei ** $390,000 $239,000 -39 Wailea Makena $1,095,000 $999,999 -9 Wailea (exclude new dev) $1,095,000 $999,999 -9 Lahaina* $330,000 $95,000 -71 Kaanapali *** $380,000 $475,000 25 Napili/Kahana/Honokowai *** $160,000 $210,000 31 Kapalua $655,000 $750,000 15 High Condo Sales Price 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM $13,000,000 $13,000,000 0 West Maui $6,250,000 $12,000,000 92 South Maui $13,000,000 $13,000,000 0 Maalaea $1,225,000 $1,350,000 10 Kihei $2,400,000 $2,400,000 0 Wailea Makena $13,000,000 $13,000,000 0 Wailea (exclude new dev) $11,575,000 $11,750,000 2 Lahaina $4,875,000 $140,000 -97 Kaanapali $5,525,000 $4,625,000 -16 Napili/Kahana/Honokowai $2,300,000 $1,950,000 -15 Kapalua $6,250,000 $12,000,000 92 Avg Days on Market Condo Sales 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM 121 187 55 West Maui 94 97 3 South Maui 141 227 61 Maalaea 66 64 -3 Kihei 145 79 -46 Wailea Makena 161 620 285 Wailea (exclude new dev) 96 95 -1 Lahaina 73 85 16 Kaanapali 62 102 65 Napili/Kahana/Honokowai 88 92 5 Kapalua 140 127 -9 Condo Sales by Price Range of Sales (West Maui) 8/8/22-5/8/23 8/8/23-5/8/24 Change <$1,000,000 159 116 -27 $1,000,001-2,000,000 88 55 -38 $2,000,001-3,000,000 17 10 -41 $3,000,001-4,000,000 2 3 50 $4,000,001-5,000,000 4 3 -25 $5,000,001-6,000,000 2 0 -100 $6,000,001-7,000,000 1 0 -100 $7,000,001-8,000,000 0 0 -- $8,000,001-9,000,000 0 0 -- $9,000,001-10,000,000 0 0 -- $10,000,001+ 0 1 100 of Sales (South Maui) 8/8/22-5/8/23 8/8/23-5/8/24 Change <$1,000,000 254 229 -10 $1,000,001-2,000,000 90 103 14 $2,000,001-3,000,000 22 40 82 $3,000,001-4,000,000 2 22 1000 $4,000,001-5,000,000 5 5 0 $5,000,001-6,000,000 1 2 100 $6,000,001-7,000,000 1 3 200 $7,000,001-8,000,000 0 3 300 $8,000,001-9,000,000 0 1 100 $9,000,001-10,000,000 1 5 400 $10,000,001+ 8 9 13 West and South Maui: Home Sales In West Maui, 73 of the home sales were under $3M, with the largest percentage in the $1-2M range. In South Maui, the figure was higher for homes under $3M at 84. That said in West Maui, there were only 3 sales over $5M and in South Maui, there were 9 sales over $5M. It is not surprising to see sales in the lower end of the market, as some of those who received insurance payouts opted to relocate. Lower priced inventory was harder to come by and home sales ( of Sales) was down everywhere except Wailea and Makena, where sales were up 11. In terms of Volume of sales ($) both Wailea and Makena were up, as was Napili/Kahana/Honokowai, which has more affordable housing than the resort areas of Kaanapali and Kapalua. It should be noted that Lahaina also includes the areas of Launiupoko and Olowalu. The sales in Lahaina these last nine months, were largely in Launiupoko (15), though there were 2 sales up in Kelawea which were out of the burn zone. Volume () of Home Sales 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM 196 163 -17 West Maui 79 55 -30 South Maui 117 108 -8 Maalaea 0 1 100 Kihei & Maui Meadows 86 87 1 Wailea Makena 18 20 11 Launiupoko 14 13 -7 Lahaina 38 17 -55 Kaanapali 11 11 0 Napili/Kahana/Honokowai 23 23 0 Kapalua 6 4 -33 Volume ($) of Home Sales 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM $514,413,413 $389,186,422 -24 West Maui $229,264,222 $141,335,466 -38 South Maui $285,149,191 $247,850,956 -13 Maalaea $0 $2,933,006 -- Kihei & Maui Meadows $110,807,700 $135,060,000 22 Wailea Makena $142,618,491 $109,857,950 -23 Launiupoko $69,803,758 $42,314,500 -39 Lahaina $106,818,723 $47,880,250 -55 Kaanapali $50,390,000 $36,555,000 -27 Napili/Kahana/Honokowai $33,130,499 $37,300,216 13 Kapalua $36,825,000 $19,600,000 -47 Median Home Sales Price 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM $1,410,000 $1,695,000 20 West Maui $1,800,000 $2,000,000 11 South Maui $1,250,000 $1,482,500 19 Maalaea NA $2,933,006 -- Kihei & Maui Meadows $1,095,000 $1,375,000 26 Wailea Makena $4,781,000 $3,745,000 -22 Launiupoko $3,950,000 $3,087,000 -22 Lahaina $1,665,000 $2,995,000 80 Kaanapali $2,850,000 $2,700,000 -5 Napili/Kahana/Honokowai $1,529,000 $1,690,000 11 Kapalua $5,787,500 $5,000,000 -14 Average Home Sales Price 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM $2,624,598 $2,387,646 -9 West Maui $2,902,078 $2,569,735 -11 South Maui $2,437,172 $2,294,916 -6 Maalaea NA $2,933,006 -- Kihei & Maui Meadows $1,288,461 $1,552,413 20 Wailea Makena $7,923,249 $5,492,897 -31 Launiupoko $4,985,982 $3,254,961 -35 Lahaina $2,811,019 $2,816,485 0 Kaanapali $4,580,909 $3,323,181 -27 Napili/Kahana/Honokowai $1,440,456 $1,621,748 13 Kapalua $6,137,500 $4,900,000 -20 Low Home Sales Price 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM $450,000 $693,500 54 West Maui $450,000 $750,000 67 South Maui $450,000 $693,500 54 Maalaea NA $2,933,006 -- Kihei & Maui Meadows $450,000 $693,500 54 Wailea Makena $2,200,000 $1,930,000 -12 Launiupoko $1,680,000 $1,600,000 -5 Lahaina $450,000 $855,750 90 Kaanapali $1,900,000 $1,860,000 -2 Napili/Kahana/Honokowai $700,000 $750,000 7 Kapalua $4,150,000 $3,150,000 -24 High Home Sales Price 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM $32,673,491 $18,500,000 -43 West Maui $20,750,000 $6,450,000 -69 South Maui $32,673,491 $18,500,000 -43 Maalaea NA $2,933,006 -- Kihei & Maui Meadows $10,000,000 $4,000,000 -60 Wailea Makena $32,673,491 $18,500,000 -43 Launiupoko $9,750,000 $5,000,000 -49 Lahaina $9,750,000 $5,000,000 -49 Kaanapali $20,750,000 $5,350,000 -74 Napili/Kahana/Honokowai $2,450,000 $2,150,000 -12 Kapalua $7,900,000 $6,450,000 -18 Average Days on Market: Home Sales 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM 119 110 -8 West Maui 126 132 5 South Maui 115 99 -14 Maalaea NA 0 -- Kihei & Maui Meadows 117 92 -21 Wailea Makena 119 134 13 Launiupoko 154 175 14 Lahaina 127 163 28 Kaanapali 170 155 -9 Napili/Kahana/Honokowai 91 84 -8 Kapalua 159 216 36 Homes of Sales (West Maui) 8/8/22-5/8/23 8/8/23-5/8/24 Change <$1,000,000 12 4 -67 $1,000,001-2,000,000 35 24 -31 $2,000,001-3,000,000 9 12 33 $3,000,001-4,000,000 8 6 -25 $4,000,001-5,000,000 1 6 500 $5,000,001-6,000,000 5 2 -60 $6,000,001-7,000,000 1 1 0 $7,000,001-8,000,000 3 0 -100 $8,000,001-9,000,000 3 0 -100 $9,000,001-10,000,000 1 0 -100 $10,000,001+ 1 0 -100 of Sales (South Maui) 8/8/22-5/8/23 8/8/23-5/8/24 Change <$1,000,000 32 16 -50 $1,000,001-2,000,000 56 56 0 $2,000,001-3,000,000 12 21 75 $3,000,001-4,000,000 6 6 0 $4,000,001-5,000,000 1 3 200 $5,000,001-6,000,000 3 0 -100 $6,000,001-7,000,000 1 3 200 $7,000,001-8,000,000 1 0 -100 $8,000,001-9,000,000 0 0 -- $9,000,001-10,000,000 1 3 200 $10,000,001+ 4 3 -25 Note: This information is taken from the Maui MLS as of 5/10/24. While care is taken to compile this information, it is not guaranteed and subject to change and some information may be entered at a later date. Any interested party should do their own due diligence. These are small statistical samples and can swing wildly by a low or high sale. If you have questions, please contact Courtney.

New to Market: 972 Kai Hele Ku, a Private Oasis in Launiupoko, Maui

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Mon, 01 Jan 2024 13:55:00 -1000

Introducing 972 Kai Hele Ku, a Private Oasis in Launiupoko, Maui The view from 972 Kai Hele Ku Nestled on the slopes of the West Maui mountains, this stunning home blends modern elegance and island charm to create an idyllic and relaxing retreat. Located on over an acre of lushly landscaped grounds, it is perfectly oriented to take in the sweeping views of the Pacific Ocean framed by the neighboring islands of Moloka’i, Lana’i, and Kaho’olawe. This single level floor plan features pocketing sliding glass doors designed to seamlessly integrate indoor and outdoor living. The chef’s kitchen is a dream with a double oven, an oversized island, and windows that open to the covered lanai and an outdoor dining area that is perfect for entertaining and alfresco dining. A large sundeck surrounds the spa and pool with a beach entry, which are accented by waterfalls, tiki torches, thatched umbrellas, a seating area surrounding a fire pit, and an outdoor shower, giving you the feeling of your own private resort. There are four generously sized bedrooms each with its own private bath. The primary suite features a luxurious bathroom with dual vanities, a large soaking tub and a walk-in steam shower. Located in Launiupoko, a community known for its large lots and incredible views, this gated estate is a rural haven in West Maui. Up the coast are the popular resorts of Kaanapali and Kapalua, with shopping, restaurants, tennis courts, and golf courses. A beautiful hiking/biking path meanders through Launiupoko, and nearby are several popular surf spots and Launiupoko Beach Park. The Gounds: An aerial view of 972 Kai Hele Ku shows the expansive grounds that are beautifully manicured to create a private tropical oasis. Indoor-Outdoor Living: the great room features pocketing doors to seamlessly integrate the indoor and outdoor living spaces Entertaining: the chef's kitchen features a large island and a pass through window with a view of the Pacific that serves the outdoor bar and dining area. Your Own Resort: a waterfall provides a soothing background to the pool and spa which are surrounded by several private areas to relax and enjoy the day. A Beach at Home: the pool features a beach entry for easy access A Private Retreat: the primary suite is a spacious, open space with incredible ocean views. It is the perfect place to relax. A Spa at Home: the large primary bath suite features a soaking tub with large windows to enjoy the tropical grounds as you relax. The ensuite is complete with a large shower, dual vanities, and a large walk in closet. Primary Guest Suite: located with a focus on the ocean view, this spacious guest suite opens to the large lanai. A large shower and walkin closet are located in the ensuite. Guest Suite 2: this suite features an ensuite bath and walk in closet, along with a private seating area Guest Suite 3: this suite features an ensuite bath, writing area, and private lanai Maui's Magical Sunsets: at the end of the day, enjoy lounging at the conversation area by the fire and watching Maui's ever-changing skies. With views of Molokai, Lanai and Kohoolawe, this location is perfectly situated to view the sunset and the stars at night. What is the Launiupoko Neighborhood like? Nestled on the picturesque slopes of West Maui, Launiupoko is an enclave of large homesites with stunning views. This idyllic community is known for its sprawling acreage, stunning ocean views, and a tranquil lifestyle that blends open space with the charm of island living. The area is zoned agricultural, providing a perfect blend of natural beauty and rural living, making it one of Maui's most sought-after locations. In Launiupoko, you will note the presence of many CPR "Condominium Property Regime" Properties. The CPR process allows a property owner to create a minimum of two separate condominiums (most typically a main home lot and an ohana lot). There can be additional "condominiums" which are for ag use only. Read More about CPRs What is for Sale in Launiupoko? View Current Listings: Launiupoko Homes for Sale Launiupoko Homes Active Listings Launiupoko Homes All No CPR* Main Home Lot CPR Ohana Lot CPR Active Listings 18 2 10 6 Volume $98,432,000 $14,995,000 $62,933,000 $20,504,000 Low LP $1,600,000 $3,995,000 $4,700,000 $1,600,000 High LP $11,000,000 $11,000,000 $8,595,000 $4,100,000 Average LP $5,468,444 $7,497,000 $6,293,300 $3,417,333 Average LP/Sq. Ft $2,324 $2,123 $1794 $3,252 Average Sq. Ft. 2789 3649 3644 1079 Average Beds/Baths 4/4 4/4 4/4 2/2 Average DOM 114 132 108 117 What has sold in Launiupoko? Launiupoko Homes Pending Sales There are no pending sales at the time of this post Launiupoko Home Sales 2023 Launiupoko Homes All No CPR Main Home Lot CPR Ohana Lot CPR Sales 17 5 5 7 Volume $89,878,758 $38,480,000 $32,423,758 $18,975,000 Low SP $2,100,000 $3,900,000 $4,300,000 $2,100,000 High SP $9,750,000 $9,750,000 $8,023,758 $3,425,000 Average SP $5,286,986 $7,696,000 $6,484,752 $2,710,714 Average SP/Sq. Ft $2,271 $2,545 $1,572 $2,574 Average Beds/Baths 3/4 4/4 4/5 2/3 Average DOM 129 164 132 101 Launiupoko Market Insights Launiupoko's real estate market showcases a dynamic environment. The diversity in property types and pricing caters to a wide range of buyers, from those seeking farm properties and those wanting smaller homes or larger estates. The location at the South end of West Maui is close to Launiupoko beach park. It has some of the largest homesites in West Maui, yet is one of the closest communities to Central and South Maui, making for a shorter drive to Kahului and Wailuku This comprehensive snapshot of the Launiupoko real estate market highlights the area's allure and the variety of opportunities it offers. Whether seeking an area to farm, large acreage for a peaceful retreat or a luxurious estate, Launiupoko has a variety of options in its picturesque setting. *When looking at properties in Launiupoko it is important to look at whether the property being offered is for a main home plus an ohana (No CPR), or if it is for a main home only, ohana only, or farm land only. **While the Maui County guidelines may dictate an Ohana CPR building should be no more than 1000 sq. ft. some as builts vary and some listings include other structures that may or may not be permitted, such as a barn. Launiupoko Homes for Sale

Spotlight: Launiupoko Home Listings & Sales | Market Report November, 2023

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Sat, 11 Nov 2023 16:48:00 -1000

Discover Launiupoko Nestled on the picturesque slopes of West Maui, Launiupoko is a hidden gem that offers a serene escape. This idyllic community is known for its sprawling acreage, stunning ocean views, and a tranquil lifestyle that blends open space with the charm of island living. The area is zoned agricultural, providing a perfect blend of natural beauty and rural living, making it one of Maui's most sought-after locations. In Launiupoko, you will note the presense of many CPR "Condominium Property Regime" Properties. The CPR process allows a property owner to create a minimum of two separate condominiums (most typically a main home lot and an ohana lot). There can be additional "condominiums" which are for ag use only. Read More about CPRs View Current Listings: Launiupoko Homes for Sale Launiupoko Homes Active Listings Launiupoko Homes All No CPR* Main Home Lot CPR Ohana Lot CPR Active Listings 11 2 5 4 Volume $65,768,000 $15,249,000 $36,095,000 $14,424,000 Low LP $3,375,000 $4,249,000 $4,700,000 $3,375,000 High LP $11,000,000 $11,000,000 $8,595,000 $4,100,000 Average LP $5,978,909 $7,624,500 $7,219,000 $3,606,000 Average LP/Sq. Ft $2,324 $2,206 $1725 $1786 Average Sq. Ft. 3128 4157 4259 1201 Average Beds/Baths 3/4 4/4 4/5 2/2 Average DOM 106 81 139 77 Launiupoko Homes Pending Sales Launiupoko Homes All No CPR Main Home Lot CPR Ohana Lot CPR Pending Listings 3 0 1 2 Volume $8,700,000 $0 $4,200,000 $4,500,000 Low LP $1,500,000 $0 $4,200,000 $1,500,000 High LP $4,200,000 $0 $4,200,000 $3,000,000 Average LP $2,900,000 $0 $4,200,000 $2,250,000 Average LP/Sq. Ft $1892 $0 $1,429 $2,124 Average Beds/Baths 3/3 NA 4/4.5 2/2.5 Average DOM 196 NA 141 224 Launiupoko Home Sales (Since January 2023) Launiupoko Homes All No CPR Main Home Lot CPR Ohana Lot CPR Sales 13 5 4 4 Volume $76,453,758 $38,480,000 $28,123,758 $9,850,000 Low SP $2,100,000 $3,900,000 $5,950,000 $2,100,000 High SP $9,750,000 $9,750,000 $8,023,758 $3,200,000 Average SP $5,881,058 $7,696,000 $7,030,939 $2,462,500 Average SP/Sq. Ft $2,227 $2,545 $1,599 $2456 Average Beds/Baths 3/4 4/4 4/5 2/2 Average DOM 132 164 125 99 Launiupoko's real estate market showcases a dynamic environment. The diversity in property types and pricing caters to a wide range of buyers, from those seeking farm properties to smaller homes to larger estates. The location at the South end of West Maui is close to Launiupoko beach park. It has some of the largest homesites in West Maui, yet is one of the closest communities to Central and South Maui. This comprehensive snapshot of the Launiupoko real estate market highlights the area's allure and the variety of opportunities it offers. Whether seeking an area to farm, large acreage for a peaceful retreat or a luxurious estate, Launiupoko has a variety of options in its picturesque setting. *When looking at properties in Launiupoko it is important to look at whether the property being offered is for a main home plus an ohana (No CPR), or if it is for a main home only, ohana only, or farm land only. **While the Maui County guidelines may dictate an Ohana CPR building should be no more than 1000 sq. ft. some as builts vary and some listings include other structures that may or may not be permitted, such as a barn.

Get away from it all in Lahaina, Maui

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Wed, 16 Sep 2020 11:05:00 -1000

1437 Front Street, Lahaina: Maui Oceanfront Home for Sale Get away from it all...imagine waking up to the sound of the ocean every morning. The water is at your doorstep....swim, paddleboard, surf, kayak, and snorkel, or sit on the shaded lanai and read while listening to the gentle waves. Enjoy Maui's spectacular sunsets, and in the winter, watch whales go by. This charming oceanfront home was renovated with an emphasis on light, creating an airy abode with a beachy, boho-chic feel. Located at the North end of Front Street, it is a quiet spot, yet close to beaches, restaurants and shops. Historic Lahaina town has long been a favorite of locals and visitors alike, a small vibrant town with an active harbor and probably one of the sweetest local libraries you'll ever see. 1437 Front Street: The living room opens to a generous lanai and a tropically landscaped yard The kitchen is a chef's dream, with top of the line appliances and an open floor plan The Primary Bedroom Suite is a spacious retreat with a private lanai There's plenty of room for guests, with a gracious guest suite Downstairs is a flexible space, perfect for use as a bedroom, office or media room Room to store your surfboards or kayaks Explore the waters and make new friends For more information on 1437 Front Street, or oceanfront and beachfront homes for sale on Maui, please contact Courtney Brown, R(S)

Market Spotlight: Lahaina Shores

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Mon, 15 Jun 2020 13:49:00 -1000

Market Spotlight and New Listing: Lahaina Shores by Heidi Dollinger, R(S) Lahaina Shores is a distinctive architectural landmark on the West Maui shoreline. This elegant seven-story building with a double colonnade entrance is the only directly beachfront condo resort in Lahaina. Situated between the Pacific Ocean and the verdant backdrop of the West Maui mountains, Lahaina Shores consists of 199 units made up of studios, 1-bedroom units, and penthouse units. Amenities include an oceanfront pool, whirlpool spa, and front desk. Condominium units are individually owned, and owners can be a part of the onsite vacation rental management program operated by Destination Hotels, or vacation-rent their units through a private management program of their choice. With close proximity to Front Street and access to shopping, art galleries, dining, Lahaina Harbor, and Lahaina’s central visitor and business hub, Lahaina Shores is also ideal for a full-time residence or a Maui pied-a-terre. Lahaina Shores Property Features Beachfront Central Air-Conditioning Swimming Pool Whirlpool Spa Garage Parking Lahaina Shores is Great For: Swimming Snorkeling Shopping & Dining Whale-watching Watching sunsets Sales in the last twelve months at Lahaina Shores have ranged from $380,000 for a mountain-view studio to $1,150,000 for a penthouse unit. The most recent closing was Unit 313, a direct ocean view studio with 483 square feet, which closed at $685,000 on May 12, 2020. Iconic Beachfront – Featuring Lahaina Shores Unit 202 listing Courtesy of Heidi Dollinger, R(S)Lahaina Shores 202 Video Lahaina Shores 202 is a large 1-bedroom unit located on the south corner of the building. It features 923 square feet, has ocean and mountain views, and two lanais. Being a corner unit, there is added natural light, and there is lots of storage space including a walk-in closet. Offered at $645,000, this the very best price per square foot offering at Lahaina Shores and offers exceptional value for the next owner. Watch the moon rising over the West Maui mountains, or boats sailing into the harbor and relax in your Maui retreat. More information at www.LahainaShores202.com Lahaina Shores: Recent Condo Sales Unit List Price Status Sold Price Beds Baths Liv A SF View Closing Date 312 $360,000 ACTIVE 0 1.00 483 Mountain 520 $370,000 ACTIVE 0 1.00 483 Mountain 226 $390,000 ACTIVE 0 1.00 483 Mountain 224 $395,000 ACTIVE 0 1.00 483 Mountain 222 $395,000 ACTIVE 0 1.00 483 Mountain 406 $405,000 ACTIVE 0 1.00 483 Mountain 508 $415,000 ACTIVE 0 1.00 483 Mountain 202 $645,000 ACTIVE 1 1.00 923 Mountain/Ocean 525 $650,000 ACTIVE 0 1.00 483 Ocean 302 $795,000 ACTIVE 1 1.00 923 Mountain/Ocean 121 $950,000 ACTIVE 1 2.00 910 Ocean 428 $350,000 PENDING 0 1.00 483 Mountain 419 $689,000 SOLD $680,000 0 1.00 483 Ocean 9/20/2019 228 $385,000 SOLD $380,000 0 1.00 483 Mountain 12/19/2019 416 $417,500 SOLD $397,000 0 1.00 483 Mountain 1/31/2020 528 $429,000 SOLD $415,000 0 1.00 483 Mountain 2/7/2020 PH5 $1,250,000 SOLD $1,150,000 1 2.00 1,050 Ocean 3/27/2020 313 $689,000 SOLD $685,000 0 1.00 483 Ocean 5/12/2020

Maui Oceanfront Market Update: January 2020

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Mon, 27 Jan 2020 12:57:00 -1000

MAUI OCEANFRONT HOMESMarket Update, January 2020 View Goals 1437 Front Street is an oceanfront home for sale in the heart of Lahaina, on historic front streetView More Information Maui has several areas with oceanfront homes: West Maui, South Maui, North Shore, East Maui and Central Maui. As you will see below, the home prices and activity tend to be highest in the resort areas of West and South Maui, and along the North Shore. There are broad fluctuations in price depending on whether the property is beachfront or oceanfront; whether it is on a rocky shoreline or cliffside without water access; and the age, condition and size of the home. Over the past five years, oceanfront home sales have consistently seen a volume of around 20/year, with a low of 13 sales in 2015, and a high of 25 sales in 2017. Comparing 2019 with 2018, it's noteworthy that the number of sales is down 30 and the sales volume down 57. Please note the 2019 statistics no longer include 6 sales in the Makena Resort by Discovery Land Co. that were reclassified in our MLS from Beachfront to Across the Street from the Ocean on 12/13/2019. This removed $60,162,136 million from the oceanfront home sales statistics that were previously posted in the blog post on 11/30/2019. That inventory had increased the average Days on Markets stat as escrow could only close when construction was complete. In addition, the average Sales Price and SP/Sq. Ft. dropped. It is also worth noting that oceanfront homes are selling at a lower percentage of the asking price than the prior year as well as with a longer average days on market. This can mean great opportunities for buyers of oceanfront properties as the inventory has built considerably, with approximately 3 years worth of inventory. We are already starting to see more pending escrows with 8 homes pending now vs. 4 in 11/2019. It is interesting to note that all but one of the pending sales is under $5,000,000, with a high sale pending at $10,880,000. Maui Oceanfront Home Sales: Key Metrics2014 to Present Year Sales Volume Avg SP Avg SP$/sq. ft. Avg DOM SP/LP 2014 21 $90,443,000 $4,306,810 $1504 287 91 2015 13 | -62 $55,075,000 |-64 $4,235,538 | -2 $1793 | 16 214 | -34 93 2016 22 | 41 $139,062,000 | 60 $6,321,000 | 33 $2878 | 38 219 | 2 84 2017 25 | 12 $146,765,387 | 5 $5,870,615 | -8 $1533 | -88 274 | 20 92 2018 23 | -9 $148,197,545 | 1 $6,443,372 | 9 $1759 | 13 222 | -23 91 2019 16 | -30 $64,454,049 | -57 $4,028,378 | -37 $1288 | -27 285 | 28 88 Maui Oceanfront Homes: Market Snapshot by AreaActive Listings, Pending Sales and YTD Sales Oceanfront Homes All Maui West Maui South Maui North Shore East Maui Central Maui Active Listings 48 15 14 12 6 1 Low List Price $750,000 $2,200,000 $3,298,000 $999,000 $750,000 $1,900,000 Average List Price $8,140,937 $10,882,000 $11,259,571 $4,390,833 $2,551,833 $1,900,000 High List Price $37,500,000 $37,500,000 $27,498,000 $12,000,000 $6,500,000 $1,900,000 Average LP/Sq. Ft. $2408 $2889 $3,469 $1178 NA NA Pending Sales 8 3 1 4 0 0 Average List Price $3,671,237 $5,558,333 $3,350,000 $2,336,225 0 0 Supply of Inventory* 36 months 45 months 42 months 48 months NA NA 2020 YTD Sales 0 NA NA NA NA NA There is often a misperception that we see more sales in the Wailea/Makena Market. What is important to note is that there are far fewer oceanfront homes in resort areas in West Maui than in Wailea/Makena. For example, there are only 6 oceanfront homesites in Kaanapali's only oceanfront residential neighborhood, Kai Ala Place. Similarly, there are just five oceanfront homesites in Kapalua Place, Kapalua's only oceanfront residential neighborhood. Wailea/Makena are larger-scale resorts, with more oceanfront residential communities such as Keawekapu Beach, Maluhia, Makena Place, the Makena Beach Cottages, and Black Sands, as well as homes scattered along the Makena Coastline that aren't part of a formal subdivision. Kihei's Halama Street is also a popular area with beachfront homes stretching along the shoreline. The highest-priced listing on the island is located in the Kapalua Resort: 9 Bay Drive is an 8B/8.5 acre estate situated on 9.97 acres. It is currently offered at $37,500,000, reduced from $49,000,000. The highest asking price in South Maui is $27,498,000. These compare with a high sales price of $27,000,000 for an oceanfront estate in 2011 in Makena. 7150 Makena Road is a 4B/5.5B home on 1.69 acres. To date, the largest sale on Maui for a private residence that was actually across the street from the ocean, in Keauhou, Makena $41,750,000 in 2015 (not in MLS) . It should be noted--with such a small sampling, the statistics can vary widely at any given time, and the above are MLS statistics. Additional properties have changed hands privately and are not entered in MLS. For more information on all areas of Maui read: Maui Real Estate Statistics. View Current Home Listings: Oceanfront, Beachfront and Across the Street from the Ocean This information is provided by the Realtor's Association of Maui. It is believed accurate, but subject to change. Readers are advised to do their own due diligence.

Maui Oceanfront Homes: Market Overview November 2019

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Sat, 30 Nov 2019 15:13:00 -1000

MAUI OCEANFRONT HOMESMarket Update, November 2019 1437 Front Street is an oceanfront home for sale in the heart of Lahaina, on historic front streetView More Information Update 1/27/2020: Since this post was written, the classification of 6 sales in Makena was changed from Beachfront to Across the Street from the Ocean. These sales totaled $60,162,136. As they were developer sales the escrow could only close once construction was complete, so they had a very high Days on Market Count, averaging 1202 days on market. As such, the statistics and summary below have changed. Please see the post written 1/27/2020 for updated statistics. Maui has several areas with oceanfront homes: West Maui, South Maui, North Shore, East Maui and Central Maui. As you will see below, the home prices tend to be highest in the resort areas of West and South Maui. There are broad fluctuations in price depending on whether the property is beachfront or oceanfront; whether it is on a rocky shoreline or cliffside without water access; and the age, condition and size of the home. Over the past five years, oceanfront home sales have consistently seen a volume of around 20/year, with a low of 13 sales in 2015, and a high of 25 sales in 2017. Looking at this year (YTD vs. 2018), the average sales price remains fairly consistent, yet the average Sales Price ($) per square foot has increased to $1902/sq. ft. It is interesting to note, that oceanfront homes are selling at a lower percentage of the asking price than the prior year as well as with a longer average days on market. Maui Oceanfront Homes: Market Snapshot by Area Active Listings, Pending Sales and YTD Sales Oceanfront Homes All Maui West Maui South Maui North Shore East Maui Central Maui Active Listings 50 17 14 12 7 0 Low List Price $750,000 $2,200,000 $3,500,000 $999,000 $750,000 Average List Price $7,962,899 $11,359,705 $9,963,785 $4,006,416 $2,494,285 High List Price $37,500,000 $37,500,000 $29,750,000 $12,000,000 $6,500,000 Average LP/Sq. Ft. $2183 $2869 $2497 $1261 NA NA Pending Sales 4 0 2 2 0 0 Average List Price $3,699,500 NA $3,724,000 $3,675,000 NA NA Supply of Inventory* 27.5 months 37.4 months 17.1 months 44 months 91 months NA 2019 YTD Sales 20 5 2 3 NA 3 Low Sales Price $321,300 $600,000 $3,450,000 $3,400,000 $321,300 Average Sales Price $6,318,559 $4,184,999 $9,801,348 $5,341,666 $403,016 High Sales Price $13,950,000 $9,000,000 $13,950,000 $8,600,000 $565,000 Sales Volume 2019 YTD $126,371,185 $20,924,999 $17,400,000 $16,250,000 0 $1,209,050 Average SP/Sq. Ft. $1902 $1382 $2813 $1705 $234 *based on past 11 months of sales, with the exception of East Maui, which required going back to 2018. With only one sale in 2018, the sale was then multiplied by a factor of 13 There is often a misperception that we see more sales in the Wailea/Makena Market. What is important to note is that there are far fewer oceanfront homes in resort areas in West Maui than in Wailea/Makena. For example, there are only 6 oceanfront homesites in Kaanapali's only oceanfront residential neighborhood, Kai Ala Place. Similarly, there are just five oceanfront homesites in Kapalua Place, Kapalua's only oceanfront residential neighborhood. Wailea/Makena are larger-scale resorts, with more oceanfront residential communities such as Keawekapu Beach, Maluhia, Makena Place, the Makena Beach Cottages, and Black Sands, as well as homes scattered along the Makena Coastline that aren't part of a formal subdivision. Kihei's Halama Street is also a popular area with beachfront homes stretching along the shoreline. Maui Oceanfront Home Sales: Key Metrics2014 to Present Year Sales Volume Avg SP Avg SP$/sq. ft. Avg DOM SP/LP 2014 21 $90,443,000 $4,306,810 $1504 287 91 2015 13 | -62 $55,075,000 |-64 $4,235,538 | -2 $1793 | 16 214 | -34 93 2016 22 | 41 $139,062,000 | 60 $6,321,000 | 33 $2878 | 38 219 | 2 84 2017 25 | 12 $146,765,387 | 5 $5,870,615 | -8 $1533 | -88 274 | 20 92 2018 23 | -9 $148,197,545 | 1 $6,443,372 | 9 $1759 | 13 222 | -23 91 2019 YTD 20 | -15 $126,371,185 | -17 $6,318,550 | -2 $1902 | 8 554 | 50 88 The highest-priced listing on the island is located in the Kapalua Resort: 9 Bay Drive is an 8B/8.5 acre estate situated on 9.97 acres. It is currently offered at $37,500,000, reduced from $49,000,000. This compares with a high sales price of $27,000,000 for an oceanfront estate in 2011 in Makena. 7150 Makena Road is a 4B/5.5B home on 1.69 acres. To date, the largest sale on Maui for a private residence that was actually across the street from the ocean, in Keauhou, Makena $41,750,000 in 2015 (not in MLS) . It should be noted--with such a small sampling, the statistics can vary widely at any given time, and the above are MLS statistics. Additional properties have changed hands privately and are not entered in MLS. For more information on all areas of Maui read: Maui Real Estate Statistics. View Current Home Listings: Oceanfront, Beachfront and Across the Street from the Ocean Corrected and Revised 1/27/2020 This information is provided by the Realtor's Association of Maui. It is believed accurate, but subject to change. Readers are advised to do their own due diligence.vision figures for both condos and home sites. Some condo and some homesites have been combined to be one property. This is not reflected in the number above.Above information on total properties is provided by Fidelity National Title and is believed to be accurate but is subject to change.

Spotlight on Aina Nalu: Market Update

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Thu, 03 Oct 2019 13:28:00 -1000

Spotlight on Aina Nalu: Market Update through September 30, 2019 The Pool at Aina Nalu is a calm oasis in the heart of historic Lahaina town by Heidi Dollinger, R(S) Located on 8.63 acres, Aina-Nalu is one of the few Airbnb vacation rentable communities right in Lahaina town, close to all the shopping and restaurants on Front St. in Lahaina, and close to Lahaina Harbor for whale-watching boat excursions, fishing, and sunset sails. Aina-Nalu is located just a few blocks from the ocean, and a short drive to many of the most popular West Maui beaches. There is an infinity-edge saltwater pool and hot tub spa, and another smaller kidney-shaped pool, and several bbq areas with gas grills. Amenities include a large open-air pavilion, and numerous cabanas and lounge chairs for relaxing and enjoying the tranquil grounds. Views of the West Maui mountains can be enjoyed from the pool area. Completed in 2005, Aina-Nalu consists of 190 fee simple condominium residences. There are studios, 1-bedroom units, 2-bedroom 1 bath units, and 2-bedroom 2 bath units. In the last six months, there have been 15 total sales at Aina-Nalu, with prices ranging from $300,000 for a studio to $575,000 for a 2-bedroom, and sales in this time period have closed at a median price of $535,000. There are currently 2 active listings at Aina-Nalu: I-101, a 2-bedroom 2 bath home on the first floor, listed at $575,000, and I-208, a 2-bedroom 2 bath second-floor unit, listed at $569,000. Newly listed at the time of writing, is our listing, Aina-Nalu I-208. This is a 2-bedroom 2-bath upper floor unit with 832 square feet, featuring high ceilings, and a private lanai. I-208 is tastefully furnished with contemporary island-style décor and warm finishes and is being sold completely furnished and turn-key. It has been managed by iTrip Maui and has received many excellent reviews. Outrigger is the onsite rental management company at Aina-Nalu, and is an option for owners who are interested in being a part of the rental pool. Aina Nalu Condominium Market Overview Aina Nalu Condos for Sale: Active Listing Active Listings 2 Low Price $569,000 High Price $575,000 Average List Price $572,000 Average LP/Sq. Ft. $682 Average DOM 18 Aina Nalu: Pending Sales There are no pending listings at the time of this posting. Aina Nalu: Sold Listings 2019 YTD Sold Listings 18 Volum YTD $8,643,500 Low Sales Price $285,000 High Sales Price $575,000 Average Sales Price $480,194 Average SP/Sq. Ft. $740 Average Days on Market 56 For more information about this listing, or other opportunities at Aina-Nalu in Lahaina, contact Heidi E Dollinger, R(S)

Spotlight on Launiupoko: Residential Market Update, September 2019

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Wed, 25 Sep 2019 16:35:00 -1000

Quick Market Overview Launiupoko Homes: View Current Listings of Launiupoko Homes for Sale Launiupoko Homes Active Listings Launiupoko Homes All No CPR* Main Home Lot CPR Cottage Lot CPR Active Listings 21 7 10 4 Volume $92,494,000 $41,664,000 $42,736,000 $8,094,000 Low LP $1,150,000 $2,999,000 $2,125,000 $1,150,000 High LP $8,750,000 $8,750,000 $6,995,000 $2,700,000 Average LP $4,404,476 $5,952,000 $4,273,600 $2,023,500 Average LP/Sq. Ft $1,274 $1,139 $1165 $1786 Average Sq. Ft. 3696 5223 3634 1180 Average Beds/Baths 3/4 3/4 4/4 2/2 Average DOM 170 213 141 165 Launiupoko Homes Pending Sales Launiupoko Homes All No CPR Main Home Lot CPR Cottage Lot CPR Pending Listings 3 1 1 1 Volume $12,485,000 $5,295,000 $4,295,000 $2,895,000 Low LP $2,895,000 $5,295,000 $4,295,000 $2,895,000 High LP $5,295,000 $5,295,000 $4,295,000 $2,895,000 Average LP $4,161,666 $5,295,000 $4,295,000 $2,895,000 Average LP/Sq. Ft $1700 $1175 $1028 $2985 Average Beds/Baths 3/4 3/4 4/4 2/2 Average DOM 271 303 330 180 Launiupoko Home Sales Since 2018 Launiupoko Homes All No CPR Main Home Lot CPR Cottage Lot CPR Sales 30 7 13 10 Volume $95,547,000 $69,855,000 $43,207,000 $17,345,000 Low SP $935,000 $1,500,000 $1,667,000 $935,000 High SP $11,350,000 $11,350,000 $5,210,000 $2,525,000 Average SP $3,184,900 $4,999,286 $3,323,615 $1,734,500 Average SP/Sq. Ft $1238 $1454 $925 $1495 Average Beds/Baths 3/3 3/4 3/3 2/2 Average DOM 177 180 201 143 *In Launiupoko, owners have had the ability to file a CPR* (Condominium Property Regime) with the County. This essentially creates a 2 or 3 party condominium, which would allow the building of a main home (condo A), cottage of 1000 sq. ft. (condo B) and then farm land only (condo C). When looking at properties there, it is important to look at whether the property being offered is for a main home plus a cottage, or if it is for a main home only, cottage only, or farm land only.