Below is a quick overview of Maui’s Real Estate Market for 2016 vs 2015 through November. Median sales prices are up for both SF Residential and Condominium Sales with SF Residential making the biggest jump from $582K to $635K in Maui County which is a 9% increase. Median sales price for Condos also Increased on Maui by 1%. Total Dollar Volume is also up for both Residential and Condominiums on Maui. The Real Estate Market remains strong while going into December with sale expected to pick up during the holidays and our winter high season.
Alohilani at Kehalani has begun accepting reservations for specific lots. Of the 88 homes planned to be built, almost half already have a buyer that has placed their name on the reservation. Qualified buyers are also allowed to place their names on lots as potential backups. Prices are expected to be in the high $500K up to $700K for Single Family Brand New Homes in the highly desirable Kehalani Neighborhood.
If you are interested in learning more about this project or how to qualify for the reservation list feel free to contact me directly at (808) 446-5841 or Fill out the Contact Form and ask about Alohilani.
Below is a quick overview of Maui’s Real Estate Market for 2016 vs 2015 through October. Median sales prices are up for both SF Residential and Condominium Sales with SF Residential making the biggest jump from $585K to $635K in Maui County. A 9% increase is significant and indicates a strong market. Median sales price for Condos also Increased on Maui by 4%.
If you have been on Kaanapali Beach recently and been through Whalers Village you have noticed the construction in progress. So what is happening? I am glad you asked. Whalers Village is going through a multi-million dollar beautification process. According to Whalers Village’s website, the renovation aims to revitalize the center, creating open, airy expenses while maintaining the Whalers signature Hawaiian sense of place. Upgrades will include:
- New stores and restaurants
- Updated restrooms
- A shaded gathering space including soft seating, play area with splash pad water feature plus a climbing structure.
- Incorporate a sense of discovery, cultural education showcasing the West Maui area; past, present and future.
- Ocean and mountains inspired design.
It is exciting times on Kaanapali Beach. Whalers Resort also known as The Whaler on Kaanapali Beach is also wrapping up their renovations which included upgrades to the courtyard, new lanai tile and railings, renovated parking areas, lobby and photovoltaic installed on the roof.
While recent sales and rentals may have been affected by all the work in progress. I think it is safe to say the temporary inconvenience will be worth the wait. Savvy real estate buyer could look at this as an opportunity to take advantage of.
Please browse the current listings in Whaler Resort and let me know if I can answer any questions.
If you haven’t already heard, Kahoma Village has officially started construction.
With a such a great location in Lahaina, there is a lot of excitement for the project.
As of today workers are are busy building the construction fence around the site.
See the the Kahoma Village Page for more details.
Contact me if you would like to be added to my email list for updates as they are released.
I have two new Maui Property listings to share. Napili Shores Units D-227 and D-229. Upgraded and offered fully furnished. Two studios separated by only one unit offer a unique opportunity for those looking to travel with friends or extended family.
Napili Shores offers the type of quaint resort experience many buyers are seeking under $500K. A laid back atmosphere within steps to a beautiful beach, great snorkeling and other water sports. The resort offers water activity rentals for your convenience. Just grab your surf board, stand up paddle board, or snorkel equipment and walk to the beach.
Relax and Play
Within the complex there are 156 units throughout 10 buildings that are all two stories. Two separate pool areas areas offer relaxation. The upper pool has a hot tub while the lower pool offers an outstanding ocean view. Several BBQ areas and shuffle board can also be found on the grounds.
For owners that choose to rent their unit while they are not using it, Outrigger offers in an house vacation rental program. Other owners have chosen a more hands on approach and they rent their property through websites like VRBO. Click here for examples of Napili Shores units for rent.
Check out other Napili Real Estate.
As of July 1st 2015 the population of Maui was 164,637 according to the US Census Bureau. Part of Maui’s appeal is Maui’s small population. By contrast, the entire population of Hawaii was over 1.4 Million people.
Maui Is Mostly Untouched
Maui’s small population is just one of its many charms. Some estimate that 98% of the island is still undeveloped leaving the natural beauty of its coastlines, jungles, and valleys in pristine conditions. Much care is taken by Maui County Planning Department to preserve the island and protect it from outgrowing itself. A deep contrast to the big cities on the island of Oahu, it seems Maui will be keeping its small town charm for generations to come.
Uncommon Small Town Neighbors
While the total population is small, the number of people who desire to live on the island is hard to exaggerate. Maui Real Estate is one of the most searched phrases on Google for Real Estate. Often considered a playground for the rich and famous, numerous celebrities have vacation homes on the island. Everyone seems to live in harmony without too much attention paid to our neighbors’ celebrity status.
Island Pace of Life
It’s no secret that Maui’s pace of life is slower than most. Priority is placed on quality of life, spending time with friends and family, and enjoying the beautiful surroundings. Maui’s small town feel makes it the ideal place to get out of the rat race and enjoy the important things in life.
Are you ready to Call Maui Home?
No surprise here, Maui is ranked the Best Island in the World according to TripAdvisor’s 2016 Travelers’ Choice awards for islands.
With its stunning natural beauty, near perfect weather, friendly culture, and world class resorts it is not hard to understand why Maui won the top spot. As a Maui Real Estate Agent and Advisor I am first hand witness to Maui’s appeal. Maui’s popularity is growing and it is drawing visitors and new residents from around the world.
World’s top 10 islands for 2016
1. Maui, Hawaii
2. Santorini, Greece
3. Jamaica, Caribbean
4. Providenciales, Turks and Caicos
5. Bali, Indonesia
6. Mallorca, Spain
7. Mauritius, Africa
8. Phuket, Thailand
9. Bora Bora, French Polynesia
10. Fernando de Noronha, Brazil
Related: Best Hawaiian Island to Live – Maui
According to a National Realtors Association 2015 Home Buyer Profile.
– Only 14% Of Home Buyers Contacted a Real Estate Agent as the first step in the Home Buying Process.
Online presentation and exposure has become critical to effectively selling Real Estate. It is even more important for destination locations like Maui where so many people search online prior to visiting the island.
What is Going to Set Your Listing Apart from other Properties Online?
How Real Estate Sellers Can Gain More Online Exposure.
Below are just a few ways to gain additional online exposure for your listing.
1. Online Presentation is key to make sure you are set up for success. Ask your Realtor if they plan to use professional photography and videos.
2. How is your property going to be advertised online beyond just entering it into the MLS? Most Realtor’s can easily upload your property on the MLS and with a few clicks have it loaded onto other websites like Zillow / Trulia / or Realtor.com. Ask your Realtor what else they will do to gain online exposure. Will it be advertised on Local Websites? Is your Realtor willing to pay for additional advertising online?
3. Take a look at your Agents website. It is common for individual agents to have their own personal websites. What does it look like? Is it well maintained and current? Ask how much traffic their websites receive each month and if they will feature your property on their website.
4. Social Media such as Facebook can be an effective marketing tool. While having your property posted on your Agents personal or business Facebook page can be helpful, they can do more. Have you noticed sponsored adds on your Facebook News Feed? These are paid advertisments. Ask your Realtor if they will be using paid Facebook Ads.
Are you considering Selling Real Estate On Maui?
Give me a call (808) 446-5841, send me a text, or visit my Home Valuation Page for a free and friendly consultation.