The Kihei condo market continues to be one of the most interesting in Maui and within it, there are a multiple anomalies, one is Kihei Akahi, which has proven to be one of the strongest micro-markets in Kihei real estate. Let's take a look at how Kihei Akahi is doing currently. 

Active Listings

Currently there are five listings on the market, all of which are in D building: 

D-315 - Very desirable two-bedroom corner unit. Upgraded condition, outstanding view corridors, offered for $655K.
D-314 - One bedroom unit. Big ocean views, list price $479K.
D-613 - Penthouse level one bedroom unit with panoramic view corridors, list price $489K.
D-609 - Another penthouse level one bedroom unit. Clean condition, big views, with a list price of $525K
D-402 - Two…

Question: I'm interested in buying a condo in Kihei but looking for either USDA or FHA financing because of the lower down payment, but I don't have see a lot of options. Is Kihei Villages approved?



Answer:  Perfect timing. Kihei Villages was recently approved for FHA Financing, effective as of September 11, 2018. Backed by the Federal Housing Administration, the FHA loan program is a popular one, particularly among first-time home buyers. This is great news for both Buyers, as now this property is an option in a Kihei condo market that lacks other FHA options, and for Sellers, who now theoretically have a larger pool of prospective purchasers. The only other condo in Kihei currently approved, as per the HUD website, is the Island Surf building but that is…

As the summer comes to an end, let's take a look at the state of the market at one of our favorite properties, Honua Kai. 

New Listings

The month of August saw two new listings come on the market:

Konea 638 - This one bedroom / one bathroom is on the northern outside perimeter of the Konea tower. With a 6th floor location, there is enough elevation to guaranteed privacy and ocean view corridors, while being near the wing elevator provides convenience in accessing the ground-level amenities. Priced at $990K, we'll see whether the market brings enough demand for absorption at or near the asking price.

Hokulani 403 - A three bedroom / three bathroom interior courtyard residence priced at $3.2M. North-facing, view corridors are framed by the resort pools,…