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Kaanapali Golf Estate Update
October 2019
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Aloha Fellow Kaanapali Golf Estate Owners,
The weather may be belying the truth, but the Holidays are upon us! And for Maui that means the biggest Halloween celebration of them all ...
The Mardi Gras of the Pacific!
I have a boo-tiful section about it down below.
See that tiny speck of a person climbing the sheer rock face to the right? Well take a good look, cuz that's a picture taken last year and now you won't see that activity.
The State is restricting access to the Lihau section of the West Maui natural Area Reserve for 2 years. The Maui rock climbing community is frustrated with the decision, but the Division of Forestry & Wildlife (DF&W) proved that the climbers had been installing hardware and footholds into the cliffs, impacting endangered native plants.
Folks at the Division (DF&W) have been busy little bees, and have also been working with the Sierra Club Maui and Haleakala Ranch on access to Haleakala Trail. The three parties have agreed on a proposal to have a reservation system for guided hikes on the first Saturday of each quarter. The tours will allow to up to 20 pedestrians ... no horses, bikes, vehicles etc.
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Nothing
scary
about the housing market on Maui. Single-family home sales jumped last month compared to the same time period last year, while the median price of a Maui condominium grew by 10% ! There were 118 single-family homes sold last month, an increase of 47.6% from 80 homes sold in September 2018 ... and up 18% from just the month (August) before. The median price of those homes was $719,718 which was a drop of 4.6% from $754.248 in September of last year.
The median price of a condo on Maui last month was $540,000, a 9.6% increase from $492,400 in September 2018. The number of condo units sold declined by 3.3% to 119, from 123 last year.
Year-to-date, prices for both single-family homes and condos were higher than a year ago, while the number of sales for both categories were lower. It appears sales will remain strong in the coming months with pending sales, those in escrow, up 26% year over year with 83 properties.
The inventory of homes for sale (441) fell to its lowest point in a year in September, continuing a decline that began six months ago. Inventory was 13% lower than last September. Same thing for condo inventories. They hit their lowest point in a year in September at 462 units, down 18.5% from 2018. Interesting to note that both condo and home sellers were getting 98% of their asking price last month ... the highest percentage in a year for both sectors.
Now l
et's take a look at the Kaanapali Golf Estates
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VACANT LAND
Status
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Address
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List $
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Sq Ft
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Sold $
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Close
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GENERAL
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no listings
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KAHUA KAI
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no listings
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SUMMIT
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Active
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195 Welau Way
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375,000
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10,790
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Active
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165 Welau Way
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395,000
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10,574
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Active
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411 Wekiu Pl
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419,000
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11,112
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Sold
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166 Welau Way
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599,000
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12,867
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555,000
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10/02/19
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PINNACLE
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Active
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45 E. Mahi Pua Pl
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625,900
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19,651
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Active
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28 W Mahi Pua Pl
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700,000
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20,586
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LANIKEHA
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Active
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70 Lewa lani Pl
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375,000
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11,800
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Active
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50 Lewa Lani Pl
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395,000
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10,907
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Active
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647 Anapuni Lp
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399,500
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12,081
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Active
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704 Anapuni Lp
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435,000
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11,927
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Active
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995 Anapuni Pl
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460,000
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20,299
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Active
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110 Lewa Lani Pl
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475,000
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13,072
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Active
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65 Lolii Pl
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550,000
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20,617
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Active
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447 Anapuni Lp
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550,000
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30,880
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Active
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167 Anapuni Lp
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575,000
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21,780
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Active
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1015 Anapuni Lp
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599,000
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21,192
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Active
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85 Lolii Pl
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585,000
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29,316
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Active
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377 Anapuni Lp
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599,000
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21,192
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Active
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955 Anapuni Pl
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639,000
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20,611
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Active
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484 Anapuni Lp
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785,000
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41,048
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Active
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25 Lolii Pl
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849,000
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20,219
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Active
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584 Anapuni Lp
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875,000
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54,280
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Active
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344 Anapuni Lp
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875,000
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56,192
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Active
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564 Anapuni Lp
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895,000
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43,643
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Active
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224 Anapuni Lp
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995,000
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40,816
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Active
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184 Anapuni Lp
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995,000
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43,342
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Escrow *
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444 Anapuni Lp
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749,000
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41,166
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Sold
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68 Keahilili Pl
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435,000
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26,266
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435,000
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08/08/19
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Sold
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45 Lolii Pl
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425,000
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20,417
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400,000
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06/28/19
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Sold
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404 Anapuni Lp
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715,000
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40,862
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695,000
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02/22/19
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*
Escrow cancelling
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RESIDENTIAL
Status
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Address
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List $
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Bd
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Ba
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Sold $
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Close
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Active
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318 Aalii Way
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2,100,000
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3
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2.5
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Active
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324 Aalii Way
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2,225,000
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3
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3.5
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Active
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365 Kului Way
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1,999,000
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4
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3.5
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Active
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180 Kalaihi Pl
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2,595,000
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4
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4
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Active
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320 S Ulukoa Pl
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2,995,000
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4
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5.5
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Escrow
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300 Aalii Way
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2,290,000
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4
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3.5
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Sold
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229 Amakihi Way
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1,690,000
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4
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4
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1,535,000
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10/18/19
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Sold
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361 Aalii Way
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1,539,800
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4
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4
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1,236,922
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09/16/19
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Sold
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346 Aalii Way
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1,400,000
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3
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2.5
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1,380,000
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07/02/19
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Sold
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241 Amakihi Way
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1,835,000
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4
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3.5
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1,835,000
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02/07/19
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KAHUA KAI
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Escrow
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50 Kahua Kai Pl
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3,495,000
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3
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4
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Sold
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18 Kahua Kai Way
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3,299,000
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3
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3.5
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3,100,000
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06/26/19
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SUMMIT
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Active
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211 Wahi Oli Way
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1,550,000
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3
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3
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Active
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215 Wahi Oli Way
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1,795,000
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3
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3
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Active
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407 Wekiu Pl
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2,495,000
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3
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4
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Sold
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211 Welau Way
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2,395,000
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3
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3.5
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2,200,000
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04/15/19
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PINNACLE
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Active
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56 W. Mahi Pua Pl
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5,750,000
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5
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5
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Escrow
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98 W. Mahi Pua Pl
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2,850,000
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3
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5
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Sold
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94 W. Mahi Pua Pl
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3,895,000
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5
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4.5
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3,750,000
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05/03/19
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Sold
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23 W. Mahi Pua Pl
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3,595,000
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5
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5.5
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3,428,000
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02/28/19
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LANIKEHA
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Active
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30 Lewa Lani Pl
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2,100,000
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3
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3.5
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Active
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49 Keahilele Pl
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3,987,000
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4
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3.5
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Active
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297 Anapuni Lp
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3,995,000
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4
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4.5
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Active
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227 Anapuni Lp
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3,995,000
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4
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4.5
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Active
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204 Anapuni Lp
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4,600,000
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4
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4.5
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Escrow
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970 Anapuni Pl
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3,500,000
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4
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3.5
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Sold
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577 Anapuni Lp
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2,600,000
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3
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3.5
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2,400,000
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08/26/19
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Sold
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267 Anapuni Lp
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4,975,000
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5
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4.5
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4,500,000
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08/15/19
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THE VINTAGE
Status
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Unit
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Bd
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Ba
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List $
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Sold $
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Close
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Active
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57
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3
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2.5
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1,069,000
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Active
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61
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2
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2.5
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1,125,000
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Active
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19
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3
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2.5
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1,150,000
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Active
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28
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3
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3
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1,446,000
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Escrow
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44
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3
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3
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1,100,000
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Escrow
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29
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3
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3
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1,449,999
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Sold
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141
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3
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2.5
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995,000
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950,000
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09/10/19
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Sold
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21
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3
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2.5
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999,999
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890,999
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08/30/19
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Sold
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130
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3
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2.5
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1,200,000
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1,050,000
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09/30/19
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Sold
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124
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3
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2.5
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1,300,000
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1,200,000
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04/18/19
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Sold
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139
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3
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2.5
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1,325,000
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1,325,000
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06/05/19
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Figures from Realtors Association of Maui
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FEATURED LISTINGS
The Summit
Vacant Lot
165 Welau Way
$395,000
Parcel A-9 at 165 Welau Way is located at the end of the quiet Welau cul-de-sac within the exclusive double gated subdivision of The Summit at Kaanapali Golf Estates. This pacific ocean and West Maui Mountain view lot is ready to be built on. The level ground topography makes this parcel near shovel ready. The home site allows for a large residence up to two stories to be built including landscaping, pool and Jacuzzi. The parcel is approximately 10,574 square feet and one of the few remaining buildable parcels available in the community. The Summit is a relaxing and carefree golf-cart friendly neighborhood a short ride from the world famous Kaanapali Beach and Resort. This neighborhood is great for both full time residents and vacation home owners. Kaanapali is where the world comes to play.
(click on pictures for more information)
320 S Ulukoa Place
4 Bedroom 5.5 Bath
$2,995,000
320 South Ulukoa is a Premium Resort Home located at the top of South Ulukoa and at the end of the private cul-de-sac inside the secure gates of Kaanapali Golf Estates. Each of the 4 bedrooms have their own full bathroom; the large master suite has a private lanai, sitting area, and walk-in closet. The private pool and spa patio was designed to include a 65-foot lap pool and be accessed from the kitchen, living room and dining room. The lush landscaping appears to flow seamlessly into the golf course. Additional amenities include a 3-car garage, PV Solar System, and an Outdoor pool shower and bath. The home is being sold fully furnished.
(click on pictures for more information)
324 Aalii Way
3 Bedroom 3.5 Bath
$2,225,000
324 Aalii Way is located behind the gates of the highly sought after Kaanapali Golf Estates. Year round ocean, sunset, and outer island views can be enjoyed at this nearly 5,000 sf estate, The main living area allows for single level living with the master bedroom, kitchen, living and dining rooms, pantry, and laundry all on the same floor. An elegant curved stairway takes you down to a family room, second master, and guest bedrooms. The downstairs provides direct access to the outdoor covered lanais, waterfalls, pool, raised hot tub, and seated grotto.
(click on pictures for more information)
The Summit
215 Wahi Oli Way
Single Level 3 Bedroom
$1,795,000
215 Wahi Oli Place is located behind the double gates of the Kaanapali Golf Estates and The Summit. This home boasts direct west views to Molokai and Lanai with year round sunsets and winter whale watching. Lot 17 is a single level home with two master suites and a third guest bedroom. Experience ocean and island views from the formal master bedroom, living room, dining room, and kitchen. The home features a pool, spa, outdoor kitchen with direct gas, bonus workout room, Subzero stainless steel appliances with gas stove, refrigerator drawers, Subzero wine cooler and much more. Surrounded by grass lawns and resort style landscaping, Summit 17 feels bright and inviting. Homes in The Summit Phase I are rarely available and the association dues cover the exterior paint and pressure washing, roof, all landscaping, insurance, pest control, and pool and spa maintenance. Secure, safe and located in the Kaanapali Resort, The Summit is a short golf cart ride to all that Kaanapali has to offer. Home is being sold fully furnished.
(click on pictures for more information)
The Pinnacle
56 W Mahi Pua Pl
5 Bedrooms, 5 Baths
$5,750,000
The Pinnacle Residence 27 offers the best of the highly sought after Ka'anapali Lifestyle' including golf cart routes to the white sand beaches below. West facing, gated, fully landscaped, over 8,000 Sq Ft under roof and perched high above the 8th fairway of the Ka'anapali Kai Golf Course, this estate experiences both dynamic year round sunsets and complete privacy. All of the main living space is on the upper level including the garage and main entry. Stunning panoramas of outer islands Molokai and Lanai can be enjoyed from the master bedroom wing, living room, kitchen, great room and pool deck. Smooth sliding large glass pocket doors line the West wall of the upper level opening up to the outdoor covered pool deck, infinite pool, spa, kitchen and bar. An outdoor shower, Jacuzzi bath tub, generous walk-in closet and a multi shower-head indoor shower make for a master bathroom worth envying. The lower level acts as the guest quarters and entertainment zone boasting an over-sized movie theater, large grass lawn, outdoor covered deck, workout room, tasting room and more. Built in 2009 with the finest finishes and materials along with complete solar panels, five air conditioning zones and a Lutron 'Smart Home' system, Residence 27 cannot be compared.
(click on pictures for more information)
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The lure of Hawaii for South Bay vacation travelers and the fight among three airlines to make money serving that market has taken another turn, with a trio of airlines expanding their service or launching new offerings to the islands from San Jose, CA.
Southwest Airlines filed schedule changes for San Jose and Oakland that will increase service from both cities to Kona and Lihue (Kauai) to daily roundtrips effective March 8, 2020. Southwest, which announced in the summer that it would expand from two to four islands, also moved the start date for that to next month.
Five days after Alaska Airlines announced it was dropping its service between San Francisco and Sacramento to Kona, the airline has filed schedule changes to increase its Kona service from San Jose and San Diego. The cutbacks occur March 18-19, 2020, and the increases begin March 20th. The increases will result in daily roundtrips from San Jose and San Diego.
And last but not least, Hawaiian Airlines announced that San Jose will become a test market for a new, lower fare level called "main cabin basic."
GREEN
How to approach this topic delicately ... We've all heard the jokes about cows and methane. Well a Hawaii company has come up with something that can change that greenhouse gas omission. You see, cows release 30 to 50 gallon a day on average after eating grass and other feeds. And with an estimated 1.3 to 1.5 billion cows on the planet, that's a whole lot of methane. Enter Blue Ocean Barns. They've created a proprietary seaweed-based feed additive that reduces a cow's emissions equivalent to converting two cars from gas to electric.
Tourism
I've told you how Hawaii and specifically Maui are cracking down on illegal vacation rentals. The Maui County Planning and Sustainable land Use Committee voted unanimously to recommend an increase to the initial civil fine from the current $1,000 to $20,000, and the daily civil fine from the current $1,000 to $10,000 for unpermitted bed-and-breakfasts, and short-term rentals.
Listen, if you have friends of family coming for a visit, don't let them get caught up in that mess, or even get stuck with the high cost of staying in a hotel. Have them check out
M
aui Beachfront Rentals
.
They can get a fully furnished condo or home complete with kitchen, laundry, and free parking ... all things you either can't get - or pay thru the nose for at hotels. And of course they'll enjoy all the amenities of a Resort!
Now, if you own a property that you'd like to make income on when you're not using it, do what I do and check out
MBR
. They take all the hassle out of it for you like taking care of the taxes so you don't have to worry.
And they market the heck out of your place with extra advertising on sites like VRBO, HomeAway, Flip Key and others ... all at no additional cost.
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Dean Rathbun
of
Avis Mortgage
says buyers shouldn't worry about the leap in mortgage rates last week. Economists largely predict rates will dip in the weeks ahead. Also, rates are still more than a percentage point lower than a year ago. * The Federal Reserve is divided over the next move on rate cuts. There may be a third cut at the end of this month, or they make take a pause, and revisit it in December. * A good sign that the housing market and the broader economy remain strong ... Foreclosure activity nationwide is now 49% below the prerecession average! * Nationally, refinancing took a giant leap forward. It was the first month that conventional loans were dominated by refinancing. It accounted for 55% of the total, as purchases dropped to 35%.
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Halloween in Lahaina - The Mardi Gras of the Pacific
Halloween in Lahaina is a classic Maui event, where locals and visitors gather together for one of the biggest parties of the year. The event attracts an estimated 20,000 revelers each year. Lahaina's famous Front Street is closed off to vehicle traffic and the entire town transforms into an amazing festival full of costumes. Official "Halloween in Lahaina" T-shirts will arrive and be on sale at the Lahaina Visitor Center at the old Lahaina Courthouse. Street closures will begin on Thursday, October 31st starting at 2pm from Baker Street to Prison Street and won't reopen until midnight.
All vehicles must be removed from Front Street prior to 2pm to avoid towing.
Festivities kick off at 4pm with the 40th Annual Keiki Parade.
More than 500 children and their families, joined by more than 120 members of the Lahainaluna High School marching band gather at the Outlets of Maui to kick off the festivities The parade begins at Front & Papalaua Streets and ends in Campbell park.
If you want to avoid the Halloween traffic to Lahaina while cruising in comfort and enjoying a bounty of delicious food and drink, check out these to round trip sailing opportunities to Lahaina:
complete with a $500 Costume Grand Prize
Aboard the Alii Nui Maui
Or leave the driving to someone else: From Kihei or Wailuku
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MAUI HAPPENINGS
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The Spheres |
Every Sunday: Maui Gift & Craft Fair Lahaina Gateway Center 9-2
Every Monday: Maui Cruise n' Crafts Fair Maui Mall 10-3
10/26: 2019 Walk to End Alzheimer's
schedule
10/27: Xterra World Championship
details
10/31: Lahaina Halloween
11/02: Arbor Day 1000 Tree Giveaway
details
11/09: Maui Veterans Day Luau info
11/15: Naomi Niskala, Pianist tickets
11/16: Chinese Heritage Festival events
11/16: Maui Cycle Exploration Adventure sign ups
11/25-27: Maui Invitational Basketball Championships
info
11/28: Happy Thanksgiving Day!
Maui Arts & Cultural Center tickets
10/25: Okaidja Afroso West African music Dance Floor
11/1-2: 6th Annual Made In Maui Festival Biggest Shopping Event of the Year
11/03: Lei Nāhonoapi'ilani Songs of West Maui
11/08: Artist 2 Artist Henry Kapono and Alx Kawakami
11/14: Rosy Simas Danse - "Weave" Native American choreographer
11/17: Hae Hawai'i: Film Screening and Discussion
11/21-23: Hawaii International Film Fest
11/24: "The Spheres" by Australia's Strange Fruit Pretty Cool: check this out
11/25: SUP Film Fest - World Tour
11/29-30: Eric Gilliom - One Man Show
Now - 11/2: Evil Dead The Musical
11/08-17: Circus LoLo
11/14: Laura Cole comedy and cabaret
12/19-22: The Reluctant Elf
It's clear that the real estate market on Maui is very active. We have buyers, but as mentioned above, inventory is really low.
If you'd like to see what your property is worth in this market, we
'd be more than happy to provide you with a free, no obligation, confidential assessment of your property. But if you're looking for a spook-tacular property to add to your real estate portfolio, let us know.
As owner of Berkshire Hathaway Maui Properties I have over 30 years experience in the Maui market with sales approaching $2 billion! We a
re the
only
Berkshire Hathaway Real Estate Brokerages on Maui. Our offices are located in Lahaina-Kapalua and Wailea-Makena. We're available to you 7 days a week. Now aren't you glad I'm putting all the
Halloween puns
away till next year ...
Alex, Leslee, and John
Your Kaanapali Specialists
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If you are currently listed with another Broker, this is not intended to disturb that relationship
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Low Fixed & Adjustable Rates
Condo-tel Lender for over 23 Years
DEAN RATHBUN
Toll Free (888) 455-AVIS (2847
)
|
Increased Income Reduced Expenses
Never Pay For Guest Damages
Guest Travel Insurance Eliminates Guest Refunds
MAUI BEACHFRONT RENTALS
Toll Free (888) 661-7200
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Berkshire Hathaway
HomeServices
Maui Properties
Copyright 2017. All Rights Reserved.
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