Maui home and condo prices rose in February, compared to the same month last year, according to a recent report by the Realtors Association of Maui (RAM). Sales remained steady. According to Terry Tolman, Executive Director of RAM, due to the current exchange rates, Canadian buyers may be motivated to sell as the dollar continues to strengthen.
With 63 homes sold in February, sales were relatively steady, in comparison to the 69 sold in the same month last year. Meanwhile, the median price of a single-family home increased by a dramatic 13 percent to $672,575, up from $595,000 in February of last year.
As for condominiums, sales increased to 113 units, up from 104 units in the same month last year. According to the report, the market saw a similar uptick last year between January and February. The median price settled at $465,000, up a healthy 7 percent from $431,950, year-over-year. Median prices were substantially higher in January, however, at $525,000. This was the highest median price that Maui condos achieved since February of 2009.
As we always like to remind our readers, Maui's is a small market. Big fluctuations happen when your statistics include a relatively small sample. That means the median condo price change between January and February could easily be the result of just a few luxury sales that swung the numbers. That's why long-term trends create the most reliable guide.
If you're in the market for Maui real estate, it's worth keeping in mind that inventory has increased, due to the high season, which tends to begin in December before tapering off in April. On that note, if you're looking for a large collection of options, South Maui real estate consistently boasts the most robust collection of condominiums to choose from. Best of all, there are miles and miles of stunning white sand beach nearby. The Kihei and Wailea/Makena areas hug the coast, and the gentle slope of the land helps to provide properties with stunning ocean views.
If you need our assistance, we would be happy to help you find just the right property to meet your unique needs and preferences. When it comes to buying a home, condo, or land, it can be very helpful to work with someone who knows the market inside and out, especially if you haven't purchased property in Hawaii before, because there are some differences. If you would like our assistance, you can find our contact information by clicking here. Mahalo!
Maui's vibrant art scene has just gotten more interesting with the launch of ARTwalk at The Shops, presented by The Shops at Wailea, here in South Maui. Local and vacationing art lovers now have a social event where they can come together and explore the works of notable fine artists. Conveniently, this is an ongoing event that will happen on the first Wednesday of every month from 6 to 8pm. That means whether you're living here full-time, part time, or you visit frequently, you'll have plenty of chances to join in on the experience.
ARTwalk is all about mixing fine art with entertainment. It also helps to give local Maui artists a well deserved spotlight, featuring a wide variety of mediums, such as painting, metal art, handmade jewelry, sculpture, photography, glass works and island wood carvings. If you'd like to explore the full spectrum of creative works, this is an excellent opportunity.
Another nice feature of ARTwalk is that it's free and open to the public, so if you enjoy art, the only cost is the time you choose to spend on the experience. There are plenty of shops and restaurants at the same location, when you feel like moving on, and there are also some gorgeous beaches nearby where you can watch the spectacular South Maui sunset. The galleries at The Shops include aFeinberg Gallery, Ki'i Gallery, Lahaina Galleries, Mouche Gallery, National Geographic, and Fine Art Galleries.
The Shops at Wailea donates 60% of their special event parking fees to a different non-profit each month. In March, that non-profit will be Imua Family Services, an organization that provides therapeutic services for infants, toddlers, preschool children, and their families. These services help ensure that these children get the developmental care they need to reach their full potential. As for the parking fees, you can either opt to pay $5 for four hours and support the non-profit, or you can choose the normal parking option, which gives you the first hour free. If you spend $25 at any one of their shops or restaurants, you can get validated for three more hours. If you don't get validated, it's just $3 per hour.
The Shops at Wailea features several other ongoing events, including wood carving and coconut husking demonstrations, polynesian dance performances, lei making and coconut frond weaving activities, ukulele lessons, and even free zumba classes. You can find out more at www.theshopsatwailea.com. Whether you decide to join in on the ARTwalk event or not, there are plenty of things to see and experience at this shopping center, and it happens to be situated on a beautiful piece of Wailea property near some of the finest resorts on the island. On that note, if you're in the market, you can find a stunning variety of Wailea homes and condos nearby as well. If you need our assistance with your search, you can find our contact info here. Mahalo!
South Maui oceanfront homes are like the crown jewels of this part of the island. Only so many homes can be located adjacent to the water, especially when the glittering luxury hotels claim so much of that space. They choose their oceanfront locations for a reason. There's nothing quite like living at the edge of the soothing azure Pacific Ocean, especially here on Maui where the water is warm and often calm.
If you're looking for your own slice of paradise, and nothing but an oceanfront property in South Maui will do, have a look at the remarkable home at 1786 Halama Street. Peruse the photos, and imagine relaxing in the hammock slung languidly between two palm trees, just steps from the water. A seawall protects the property from erosion, and the coastline gives way to a gorgeous little beach just two homes over.
As you might imagine, the ocean views don't get better than this. Bask in the unobstructed splendor of nightly flaming sunsets over the water, with whales at play in the distance during the winter months. Soak up the sun's rays and the tranquil sounds of the ocean to relax and rejuvenate your body and mind in your own beautiful home. Whether you're out on the lawn or standing behind the windows, you can see the neighboring islands of Kaho'olawe and Molokini Crater, and the majestic expanse of Maui's own coastline from Makena to the West Maui Mountains.
The property is shrouded in lush, mature, tropical landscaping, providing breathtaking greenery and extra privacy. The detached 2-bedroom ohana and storage garage are also enfolded in this sanctuary of leaves, which runs right along the street. Nestled into this scenic property, there are PV electric and solar water panels that are owned by the seller.
The home features a bedroom on the mauka side (toward the mountains), while the master suite is located on the makai side (toward the ocean). The former opens to the charms of the lush garden, while the latter opens to a delicate blue panorama divided by a distant horizon. Both bedrooms feature renovated bathrooms with granite countertops, glassed-in showers, and updated fixtures. The home includes three bedrooms and three bathrooms, while the ohana has two bedrooms and one bathroom.
Last but not least, this home puts you in short walking distance from the many attractions of Kihei, such as restaurants, shops, parks, and beaches. Hop in the car and you can get to nearby spas, art galleries, resorts and a myriad of other interesting places to visit.
If you would like to see this South Maui real estate gem, private viewings must be scheduled. You'll find our contact information at the bottom of the page. We look forward to helping you with all your Maui real estate questions and plans. Mahalo!
Maui home and condo prices rose in February, compared to the same month last year, according to a recent report by the Realtors Association of Maui (RAM). Sales remained steady. According to Terry Tolman, Executive Director of RAM, due to… Continue Reading
Maui's vibrant art scene has just gotten more interesting with the launch of ARTwalk at The Shops, presented by The Shops at Wailea, here in South Maui. Local and vacationing art lovers now have a social event where they can… Continue Reading
South Maui oceanfront homes are like the crown jewels of this part of the island. Only so many homes can be located adjacent to the water, especially when the glittering luxury hotels claim so much of that space. They choose their… Continue Reading