Maui Blog - Georgie Hunter R(S): Maui Hawaii South Shore Condo Listings Newsletter - January 2014

Maui Hawaii South Shore Condo Listings Newsletter - January 2014

Maui Hawaii South Shore Condo Listings Newsletter - January 2014

Market Update: 

Happy New Year and I hope it's a good one for you so far.  The year end statistics are in for Maui County so let's take a look at what's happening.  Condo unit sales increased overall in 2013 over 2012, and in the South Maui market that was about 7-8%.  Kihei condos showed a 15/17% average/median price increase in the past year while Wailea/Makena condos showed a 30/47% increase in average/median sales price.  Total dollar volume was also up, with a 24% increase in Kihei and a 40% increase in Wailea/Makena.  Increasing sale prices have led to more inventory coming on the market.  Things are looking really good for sellers and buyers right now.
 
What's new on the South Shore?

Makena Sunset is a brand new 4 unit project that just hit the market.  These 4 super luxury residences are like single family homes, sharing a gated community overlooking Maluaka Beach.   The maintenance is taken care of by a Home Owners Association which will cost owners about $5,000 per month.  The 4BD/4BA units are about 4,200 sf and are built on 2 levels, with a master suite and kitchen/great room on the upper floor along with the garage.  3 more bedrooms and a family room with wet bar are on the lower floor which opens out to the pool area.  Each unit has it's own private infinity pool and spa, a huge covered lanai and built in BBQ area.  All the best materials will be used including custom designed metal gates and hand rails, and tropical tiki torches throughout.  These are yet to be built, but a prospective buyer can reserve their own unit which is being offered for $10,250,000.  These exquisite homes all sit on 1.55 acres across Makena Rd. from a beautiful sandy beach.  They will not be eligible for short term rentals, but will make wonderful second or third homes for the jet set.
 
 
What's for sale now?
 
95 condos priced under $300,000 in the South Maui and Maalaea area.  3 are Leasehold.  3 are studios, 40 are 1BD, 53 are 2BD and 2 are 3BD.  2 are bank owned, 17 are short sale.
122 condos priced from $300,000-$500,000.  7 are Leasehold.  1 is a studio, 61 are 1BD, 54 are 2BD and 6 are 3BD.  1 is bank owned, 4 are short sale.
93 condos priced from $500,000-$800,000.  3 are Leasehold.  19 are 1BD, 62 are 2BD and 12 are 3BD.  1 is bank owned, 1 is short sale.
31 condos priced from $800,000-$1,000,000.  None are Leasehold.  7 are 1BD, 16 are 2BD and 8 are 3BD.  None are bank owned or short sale.
38 condos priced from $1,000,001-$1,500,000.  None are Leasehold.  6 are 1BD, 10 are 2BD, 21 are 3BD, 1 is 4BD.  None are bank owned or short sale.
42 condos priced from $1,500,000-$3,000,000.  None are Leasehold.  1 is 1BD, 24 are 2BD, 16 are 3BD, 1 is 4BD.  None are bank owned or short sale.
29 condos are priced from $3,000,000-$10,000,000.  7 are 2BD.  16 are 3BD.  I'm surprised there are no 4BD!
6 super luxury condos are priced over $10,000,000 - the new Makena Sunset and a couple at Wailea Beach Villas.
 

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Georgina M. Hunter R(S) e-Pro SFR
Paia, HI  96779  (808) 283-0635

Jim Sanders Realty Inc.
PO Box 792050, Paia HI  96779   (808) 579-8255  FAX: 888-627-0514

Looking for a condo to call your own?
Call THE HUNTER... Georgie Hunter, your Maui Realtor.

at the beach in South Maui Hawaii

Comment balloon 4 commentsGeorgie Hunter R(S) 58089 • January 24 2014 02:20PM

Comments

We both sell on the South Shore! We both have a beach! Hmmm

Posted by Brad MacKenzie, Turning Houses into Homes on the South Shore (Brad MacKenzie) over 3 years ago

Brad - let's do a deal!  Send some buyers or sellers over this way and we'll all be winners.

Posted by Georgie Hunter R(S) 58089, Maui Real Estate sales and lifestyle info (Hawai'i Life Real Estate Brokers) over 3 years ago

Thanks for sharing another fine report, Georgina. Have a great day ahead.

Posted by David Saks over 3 years ago

Great information on your local market.

 

Thank you for sharing this important information about the Real Estate market in your area!

Posted by Bob Baesmann, DFW Team Realty | 972-978-8800 ( DFW Team Realty) over 3 years ago

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