September 2013

Found 9 blog entries for September 2013.

The Kihei beachfront market has long known to offer one of the strongest values in Maui waterfront properties, so when a new listing becomes available that is worth of particular attention, we are glad to share it with our audience Such is the case with the listing of 1690 Halama Street.

Listed on September 24th, the large luxury home at 1690 Halama Street offers incredible ocean view, an incredibly appointed 3 bedroom / 3 bathroom home of nearly 3K square feet is the perfect fusion of indoor and outdoor living. With an asking price of $4.75M, it is sure to raise some eyebrows.

Within the beachfront and oceanfront niches, Halama has carved itself a special place due to its unique value proposition: direct oceanfront with year round sunsets

As the September month is nearing its end, it is an opportune time to look back at our last Honua Kai update and review what has taken place since then that is noteworthy.


The sale of Konea 451 is significant not merely due to its sales price of $3.649M, but perhaps more importantly as it solidifies a recent trend: the high-end 3 bedroom residences at Honua Kai  continue to be absorbed as the micro-market shifts from almost exclusively entry-level units to a more balanced marketplace. The 3 bedroom / 3 bathroom condo offers 2,280 square feet of interior living space and some of the most phenomenal views of the Pacific. The buyer received a closing incentive of 3 years of prepaid HOA's.


It comes as no surprise to a savvy Honua

The Honua Kai Resort and Spa offers an enviable location, beachfront on one of the most sought-after beaches in the world. However, even within a luxury Kaanapali resort such as Honua Kai, it is inevitable that there will be significant variance in available view corridors. Floor level is critical aspect in assessing a units view corridors, as although a lower unit such a Hokulani 150 may have obstructed partial ocean views as it overlooks the Duke's roofline, the same stack 3 floors higher would have simply stunning ocean views. And as one of the most common questions we hear from our clients is "How are the views from that unit", let us take a look at the map below for general orientation.

honua kai map of views 

Premium Views

As mentioned previously, floor level is

We are please to report that the highly-anticipated grand opening on the Hoola Spa (click here) at Honua Kai took place on September 13th, with the Grand Opening scheduled for September 28th. With the perfect mix of sea and earth-inspired spa treatment, paired with Hawaii's luxury beauty brand: Malie Organics (found locally at The Bikini Market). Not only does it enhance the owner experience but it could easily be argued that it may help increase long-term values of Honua Kai condos.

Introducing the first salt room on Maui, it is a revolutionary treatment for skin and respiratory conditions. Spa treatments include massage therapy (from Lomi lomi, to Swedish, to Sports, to Deep Tissue, and many more), body care, skin treatments, and exclusive

As the Maui real estate market moves into the 'slow season', it can produce great opportunities for savvy buyers to find equally motivated sellers. Thus, it is important to have a strong sense of micro-market conditions and with a special emphasis on Honua Kai and its surrounding Kaanapali real estate market, we diligently watch sales activity to resonate the latest trends. 

So with that said, let us take a look at the week ending on September 13th.

New Listings

Since our last weekly Honua Kai update, one new listing came on the MLS: Honua Kai Hokulani 150. One of the prized, front-row 3 bedroom units, it is being sold furnished (rarely are the 3 bedroom condos offered furnished). It has undergone some landscaping to make it more private and

In maintaining a diligent pulse on the Hoolei condo market and providing our clients with the most up-to-date, insightful data on which to make informed decisions, we compiled the most comprehensive sales report for Ho'olei. This report takes into account every sale recorded as reported by the Realtors Association of Maui. For those interested in purchasing a Ho'olei condo for sale, contact us for a private consultation.

With the opening of Andaz Maui at Wailea, the micro-niche of the luxury sector in Wailea real estate is abuzz.  As we continue have a watchful eye on what is one of favorite properties - Wailea Beach Villas - there are particular offerings that are worthy of mention. Such is the case with WBV F-302. 

As such, let us examine the introduction of Wailea Beach Villa F-302. The luxury 3 bedroom / 3.5 bathroom villa offers 2,934 square feet of interior living space - and when paired with the massive wraparound lanai for seamless indoor/outdoor living,  increasing to over 3,500 square feet of some of the most sought-after real estate in Wailea. With exquisite high-end furnishings, custom built-ins and one of the best locations at Wailea Beach Villas, it

As the Honua Kai market activity continues - although it can be reasonably expected that there will be a slow downturn during the slow season - we maintain our pulse in the market. Noteworthy events for the week:

*  3 New Listings - This week saw the introduction of Hokulani 528 - 1 bedroom / 1 bathroom listed for $620K - Hokulani 930 - 1 bedroom / 1 bathroom listed for $730K - and Konea 840 - a large 2 bedroom / 2 bathroom with an asking price of $1.15M.

*  1 Escrow - Konea 605, which is a large 2 bedroom / 2 bathroom unit of over 1,300 square feet with unobstructed ocean views in the inner courtyard of Konea is now 'Pending'.

As always, view all Honua Kai condos for sale listed on the MLS and see below all available developer inventory

That the Maui real estate market continues its upwards trend with increasing sales activity, sales volume, and continuing demand is beyond doubt. However, the speed in which some micro-niches are shifting is simply mind-numbing - as is the case with the niche of Kihei luxury condos for sale.

Looking at stastistical data, we see a very stable market experiencing sustainable increases. Examining 2012's January through August 30 time period reveals a total of 305 sales totaling $102.88M - now move forward to same time period in 2013, there were 308 sales, but the total sales volume increased significantly to $119.27M. 

The niche of the market that can be said to have the most significant shift is the high end sector. In all of 2012, there was not a