Spotlight: Moana Estates

Few neighborhoods in Hawaii can inspire the level of enthusiasm the way that Moana Estates does in Kihei. The subdivision consists of 90 executive-style homes, strategically located within the area to maximize privacy and views, while instilling a sense of community and neighborly Aloha. Located adjacent to the award-winning Kamalii Elementary School, children enjoy access to one of the highest-rated schools in all Hawaii, while the hilltop location ensures continuing view corridors. Conveniently located within walking distance to Kamaole Beach I, II, and III, restaurants and shops, yet separated enough to feel private and secluded. Nearby access to Piilani Highway ensures quick ingress to the Wailea resort community, with all the top restaurants, spas, golf courses and beaches that people dream of.

Let's take a brief look at the current market by reviewing various metrics.

First, let's compare the average price per square foot at Moana Estates, versus that of single-family homes in Kihei. See below. Both segments have dipped over the previous year but Moana Estates has suffered a slightly bigger decline (-8.7% versus -6.4%)



But let's take a look at another metric which may provide more context, the Median Sales Price. In 2017, there was a very pronounced shift over the previous year for both segments, with Moana Estates going down 11% to Kihei going up 11%. But 2018 has been a completely different story, with Kihei up less than 1% while Moana Estates sees an increase of over 10% over the previous 12 months.



Take a look at the map below to better gauge where recent sales have been located within the subdivision. One can ascertain that the homes on the outside perimeter (with some variations allotted) sell at a higher price per square foot.



Lastly, one of the first questions a Seller has is: How quickly can I expect it to sell? So with that, let's take a look at Days on Market, a metric which also encompasses time in escrow necessary to close out the transaction - this can vary widely depending on specifics of a sale (i.e. how long the inspection period is, how long to get financing in place, etc.).
 

In short, the neighborhood is and will continue to be one of the premium residential subdivisions in the Kihei real estate market, due to its superior build, elegant design, and premium location. Take a look at current inventory below and contact us to discuss Moana Estates and its respective place within the overall South Maui real estate market.

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