The Maui real estate market continues its upwards trends with some micro-markets such as Honua Kai experiencing better than average valuation improvements, while others are still trying to catch up. As such, we are often asked 'how is the market' doing - and while there is no blanket answer to accurately describe every micro-market, there are discernible trends in that can be ascertained when analyzed in context. Is there one to be found in the South Kihei beachfront condos?

With a strong emphasis on the Kihei condo market, we diligently keep our clients informed of new inventory, closed sales, community information, etc. and through time and expertly analysis, trends become evident. There is a definitive difference (both in terms of valuation and

As the Honua Kai micro-market continues to evolve, we continuously receive questions from clients regarding which Honua Kai condos the developer still has for sale. Although the developer does not list all of their inventory on the Maui MLS, in order to represent our clients dutifully and maintain a strong understanding of market conditions, which are affected by available inventory, we diligently keep a watchful eye on developer inventory. 

However, for the sake of transparency, we will be posting inventory updates monthly until all units are absorbed. If there is a particular unit type of interest (i.e. 3 bedroom villa on the 25 or 29 stack), please contact us for a private consultation as to how best to meet your Maui real estate objectives. 

With a large number of clients who see the inherent value of Honua Kai condos, we keep a watchful eye on the micro-market to better ascertain ensuing trends and spot particularly strong values. With that said, the month of July proved to be another month filled with activity.

New Listings

A total of 4 new listings came on the market in July. 

Hokulani 737 - Studios have been highly sought-after due to their incredibly high rental revenues comparative to their initial investment, but at $780K, it may be difficult to justify.

Hokulani 238 - This 1 bedroom / 1 bathroom unit is on the northern perimeter of Hokulani, enjoying the 'buffer' between the two towers while still having ocean views. Listed at $849K

Hokulani 213 - Same square footage as

With natural splendor, world-class amenities, and a culture worth exploring, Maui's establishments, resorts, and restaurants are mainstay in most 'best of' lists published. One worth noting is the inclusion of the Road to Hana among Business Insider's "World's Most Beautiful Roads".

The Road to Hana is famed for its hairpin curves set along Maui's East Coast - with waterfalls, bridges, and one of the most magnificent ocean views in the world to frame the splendor. With over 600 sharp turns and 50+ one-lane bridges, it's not a 'quick drive'. It can easily take a few hours, especially as it is strongly suggested to stop by one of the many roadside vendors (banana bread has never been this fresh!), explore some of the hikes, or continue on to the

The Makena Real Estate market is one of the most unique in Hawaii due to its low inventory, varied degree of potential offerings - from Makena Surf condos to large luxury estates in One Palauea Bay - and quiet splendor that appeals to world dignitaries, business magnates, and celebrities. In keeping our clients informed of micro-market conditions, we would like to announce the sale of 7421 Makena Road. 

Presented by the Wailea Group, the 3 bedroom / 3.5 bathroom home was offered for sale at $8.4M, with the final sales price of $8.05M. The home was originally presented on April 18th, went under contract on May 28th, and its sale recorded today, on July 25th. With 3,922 square feet of interior living space, its sale at $2,052 per square foot

After months and months of speculation as to the status of the Montage Residences Kapalua Bay, patient buyers have been rewarded as the first units have been listed on the Maui MLS:

Ranging in price from $3.4M to $7.5M for the premium 'hammerhead' units, these offer a particularly strong value proposition: beachfront location in one of the most beloved beaches in the world, spacious floor plans exploiting view corridors while maximizing privacy, and affiliation with one of the most recognizable luxury brands in the world: Montage!

Our team includes THE utmost Kapalua real estate experts who would be happy to discuss in greater detail everything that the Montage Residences Kapalua Bay have to offer and provide context, not only within the Kapalua

*Update: In month of July, there were 19 REO's (foreclosures/bank-owned) listed. We are experiencing a significant increase over past months. Contact us if you are looking for a specific type of property and/or want information as to WHY the sudden influx.*

The Maui real estate market hit the height of the market in the spring 2007 - with slight variance depending on the type of property in question - after which, with the market at a rapid decline and property owners losing significant amounts of equity, the inevitable happened: Properties started going into foreclosure. Below is a chart detailing the amount of REO's ('foreclosure'/bank-owned) listed each month:

With a mere 45 listings in 2008, one could not have foreseen what was about to be

Along with posting updated information on the micro-market via our Honua Kai monthly reports, we also maintain a bird's-eye perspective to have a better gauge of the bigger picture moving forward, not only within its own niche but also (and perhaps more importantly) its place in the overall Maui condo market. And in keeping a diligent watch on Honua Kai in 2014, we have our observations as to the current market, projected trends, and interpretation of sales data.

Now that the first half of 2014 is on the books, including the majority of high season's sales (with the understanding that a few of those may close at a later time), we can use data to objectively substantiate what we have been saying so far this year: The Honua Kai market is on fire, if you

Astute buyers have invested in the Makena real estate market over the past decades as it offers the perfect balance between exclusivity, natural splendor, world-class amenities, and one of the strongest long-term equity markets in the world. And anyone who has been diligently watching knows that in the past 25 years, there have only been two REO's (foreclosure/bank-owned) ever listed. The first is 18 Ualei Place, which is an unfinished property, listed for $4.3M - arguably, with the amount of work that is needed, price adjustments will be required in order to entice potential buyers. 

And now listed is 37 Ualei Place, which has for years been known as one of the most exquisite properties in Makena, perfectly balancing view corridors, seamless

It's that time again - let us revisit sales activity at Honua Kai condo market for the month of May to gain a better perspective of the direction the market is heading in. With such a fluid market, it is pertinent to maintain a firm understanding of real-time market conditions. 

New Listings

The month of May saw 5 new listings come up on the market - and they all happen to be high-end 3 bedroom residence listings by the developer. Listed below are Konea 449, Hokulani 250, Konea 202, Konea 102, and Hokulani 501. At a hefty average of $3.7M, these units are prime examples of the best that the Maui luxury market has to offer. For those interested in selling, now may be a prime time to list as inventory in many key micro-markets (premium 2 bedroom