Month: November 2015

KIHEI KAI NANI – 12-239 –  Jewel of a vacation condo located across from Kamaole Beach Park II South Maui

Kihei Kai Nani 12-239 is situated in one of the most desirable locations in the complex. Your are close close to the pool and beach. This beautifully furnished and remodeled 1 bedroom, 1 bath corner end unit is located in the heart of South Kihei just across from Kamaole II Beach. Condo has lots of extra windows and natural light.  Unit is very quiet and tranquil as there are no units above you. 116 square foot lanai looks out over tropical garden and is very private,  There is even a spacious custom builtin owners closet for all of your beach and snorkel gear.

Kihei Kai Nani is a popular destination resort within walking distance to some of South Maui’s best restaurants, shops, and beaches. Condo was extensively remodeled in 2007, including expanded kitchen, new cabinetry, appliances, recessed lighting and remodeled bath. Unit was further renovated in 2011 with a beautiful walk-in shower. There are two flat screen tvs, full-sized stacked washer/dryer, new drapes, new A/C and new tankless hot water heater. Condo is impeccably maintained. Being sold fully furnished and turn-key. Unit is very popular with many repeat guests. Ready for you to move into, vacation or long-term rental. MLS 367232

Offered at $333,000

Michele Muir White R(S), ABR, Coldwell Banker Island Properties, Maui Real Estate Guru 808.298.8448, michelewhite@hawaii.rr.com RS-71240 

 

103 homes sold in October with a median sales price of $585,000. Last October, 84 homes sold at a median price of $566,000. That is a 23% increase in sales volume and roughly a 3% change in median price.

102 condo sold for October with a median sales price of $391,450. Compared to October 2014, 95 condos sold at a median price of $419,000. That is a 7% increase in volume and a 7% decrease in median price.

There were 16 land sales in October with a median sales price of $375,000. Last October, there were 14 land sales at a median price of $467,500.

Other Numbers Worth Mentioning from the October Maui Real Estate Sales Activity

The highest priced home sold for $3,750,000. This was a residential home in the Wailea Golf Estates. It was a 4 bedroom, 4 bathroom home with 4,277 square feet of living space, located on the Wailea Blue Course, with unobstructed ocean views and a pool.
This Wailea Golf Estates sale was the only home to close for over $2M last month.

The highest priced condo to sell in October closed for $3,650,000. It was an oceanfront Kapalua Ironwoods condo, with 3 bedrooms, 4 bathrooms. This was one of 7 condo sales to close for over $1.5M. The other sales were 2 condos at Honua Kai, 2 at the Ritz Carlton Residences, a Wailea Point  and a unit at Ho’olei.

The high land sale was at the Makena Golf and Beach Club. The .4399 acre parcel in the Maluaka Estates neighborhood sold for $8,500,000. This was one of three land sales over $1M. The other sales included a home site near Manele Bay, Lanai and a 131 acre parcel in Haiku.

Maui rental prices have gone up significantly over the last few years and some borrowers are finding that mortgages are equivalent to or in some cases better than monthly rents.

Buyers who are interested in entering this market place will find that they need to be well positioned to act quickly when good opportunities are listed. Homes under $600K will often attract bidding wars if they are well priced. It is not uncommon to see bidding wars on well priced homes at significantly higher price points. Sellers will find pretty favorable conditions when going to market. Over priced properties are still sitting even with stronger than usual fall buyer activity. There are also some parts of the market that are a little slower than others. Sellers should analyze market conditions specific to their type of property when determining listing price. Please contact Michele Muir White R(S), ABR, Coldwell Banker Island Properties (808) 298-8448, MicheleWhite@hawaii.rr.com if you are thinking of buying or selling a property on Maui. Michele welcomes the opportunity to discuss your real estate needs and talk about the market particular to properties you have in mind.