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Kaanapali Golf Estates Update
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Aloha Fellow Kaanapali Golf Estate Owners,
No doubt about it the
Humpback Whales
have arrived. Look how close the whale on the right
got to folks on an adventure kayak tour! About 12,000 whales will migrate from Alaska to Maui between now and March. * Maui residents have made complaints that beaches are being crowded by cabanas and beach chairs put out by various beachfront hotels. State enforcement officers checked the concession stands for commercial use permits. Some didn't have them and were shut down, others had them but were told they could not arrange the chairs/cabanas on the beach until they had actually been rented out.
So let's address the elephant in the room: the now infamous "inbound ballistic missile ... seek shelter" message that sent Hawaii visitors and residents into panic mode. Yes it was horrible. Yes the employee (who's now getting death threats) hit the wrong button once, then when the screen prompt came on and said "are you sure you want to proceed?" he pushed it again. But here's a couple of things you might
not
know
.
Since Hawaii has started these new alerts 28 of the sirens statewide played the wrong sound or had other technical problems. 12 mistakenly played an ambulance siren. So is this a contagious anomaly? Three days later Japan's broadcasters mistakenly issued a similar warning the "North Korea appeared to have fired a missile at Japan". It was corrected quickly.
New Hawaii REAL ID-compliant driver's licenses and state identification cards started to be issued last week. the new "star in a gold circle" brings the ID into federal compliance. If you have an ID without the gold-circled star, you can continue to use it until Oct. 1, 2020. * Speaking of drivers licenses, proposed legislation that would ban smoking in vehicles when a minor is present, unanimously passed committee Jan. 4th. The violation on Maui would be a $200 penalty. Final reading of PEA-41 will be Feb 3rd.
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Statewide, Hawaii's resort real estate market picked up steam in 2017, with overall sales increasing by 14% compared to 2016, and average prices increasing by 2.6%. Forecasters are predicting that momentum to continue in 2018 due to global economic activity, the stabilization of China's economy, low commodity prices and the effects of the U.S. tax cuts.
But if you want to be impressed, Maui led the country in posting the nation's fastest luxury price growth - beating out traditional hubs like New York and San Francisco! Luxury sales are defined as the top 5% of sales in a given metro area. Luxury home prices in Maui rose almost 33%, reaching an average of $2.49 million in 2017 compared to 2016.
Looking at the total year figures; there were 1,099 single family homes sold on Maui in 2017, an increase of 2.1% from the 1,076 sold in 2016. The median price rose by 8.8% to $695,000 in 2017 from $639,000 in 2016. Condominium sales increased 10.8% to 1,451 sold in 2017, compared to 1,310 in 2016. The median price for 2017 was $445,000, a 7.2% increase from $415,000 in 2016.
Focusing now on just last month; Maui single-family home sales declines 10.2% in December with 88 sales compared to 98 sold in December 2016. The median price also declined by 0.8% to $695,500, from $701,000 in December 2016. Condo sales finished the year strong with a 14% increase to 138 units sold in December compared to 121 in December 2016. The median price increased by 7.2% to $445,000 from $415,000 in December 2016.
Now l
et's take a look at Kaanapali Golf Estates
:
RESIDENTIAL
|
Status
|
Address
|
List $
|
Bd
|
Ba
|
Sold $
|
Close
|
|
Active
|
357 Kului Way
|
1,724,000
|
3
|
3
|
|
|
|
Active
|
300 Aalii Way
|
1,950,000
|
4
|
4
|
|
|
|
Active
|
367 Aalii Way
|
1,988,000
|
4
|
3.5
|
|
|
|
Active
|
365 Kului Way
|
2,100,000
|
4
|
3.5
|
|
|
|
Active
|
261 S. Ulukoa Pl
|
2,100,000
|
3
|
3
|
|
|
|
Active
|
324 Aalii Way
|
2,400,000
|
3
|
3.5
|
|
|
|
Active
|
311 Aalii Way
|
2,528,000
|
3
|
3.5
|
|
|
|
Active
|
180 Kalaihi Pl
|
3,150,000
|
4
|
4
|
|
|
|
Active
|
320 S Ulukia Pl
|
3,595,000
|
4
|
4.5
|
|
|
|
Active
|
272 S. Ulukoa Pl
|
3,450,000
|
3
|
3.5
|
|
|
|
Active
|
170 Kalaihi Pl
|
3,690,000
|
4
|
2.5
|
|
|
|
Active
|
215 Kalaihi Pl
|
4,125,000
|
3
|
3.5
|
|
|
|
|
|
|
|
|
|
|
Escrow
|
303 S. Ulukoa Pl
|
1,495,000
|
3
|
2.5
|
|
|
|
Escrow
|
345 Kului Way
|
1,945,000
|
3
|
3.5
|
|
|
|
|
|
|
|
|
|
|
Sold
|
250 Amakihi Way
|
1,795,000
|
4
|
3
|
1,650,000
|
01/26/17
|
|
Sold
|
360 Kului Way
|
3,349,000
|
5
|
6
|
3,350,000
|
07/17/17
|
|
Sold
|
175 N. Ulukoa Pl
|
2,265,000
|
3
|
3.5
|
2,000,000
|
08/28/17
|
|
Sold
|
246 S. Ulukoa Pl
|
3,650,000
|
4
|
4
|
3,595,000
|
08/28/17
|
|
Sold
|
250 Akia Pl
|
1,890,000
|
4
|
3.5
|
1,780,000
|
12/15/17
|
|
|
|
|
|
|
|
|
KAHUA KAI
|
|
|
|
|
|
|
|
Active
|
50 Kahua Kai Pl
|
3,995,000
|
3
|
4
|
|
|
|
|
|
|
|
|
|
|
Sold
|
37 Kahuakai Way
|
2,975,000
|
3
|
4.5
|
2,750,000
|
04/17/17
|
|
|
|
|
|
|
|
|
SUMMIT
|
|
|
|
|
|
|
|
Active
|
183 Welau Way
|
2,175,000
|
3
|
3.5
|
|
|
|
Active
|
384 Weiku Pl
|
2,178,000
|
3
|
3.5
|
|
|
|
Active
|
202 Wahioli Way
|
2,375,000
|
3
|
3.5
|
|
|
|
Active
|
211 Welau Way
|
2,450,000
|
3
|
3.5
|
|
|
|
|
|
|
|
|
|
|
Escrow
|
212 Welau Way
|
2,880,000
|
4
|
3.5
|
|
|
|
|
|
|
|
|
|
|
Sold
|
207 Wahioli Way
|
1,450,000
|
3
|
3
|
1,425,000
|
08/04/17
|
|
|
|
|
|
|
|
|
PINNACLE
|
|
|
|
|
|
|
|
Active
|
98 W. Mahi Pua Pl
|
2,750,000
|
3
|
5
|
|
|
|
Active
|
21 E. Mahi Pua Pl
|
2,897,000
|
3
|
4.5
|
|
|
|
Active
|
23 W. Mahi Pua Pl
|
3,895,000
|
5
|
5.5
|
|
|
|
Active
|
90 W. Mahi Pua Pl
|
5,495,000
|
5
|
5
|
|
|
|
|
|
|
|
|
|
|
Escrow
|
93 W. Mahi Pua Pl
|
3,695,000
|
3
|
4
|
|
|
|
|
|
|
|
|
|
|
Sold
|
36 E. Mahi Pua Pl
|
3,000,000
|
5
|
5.5
|
2,862,000
|
01/27/17
|
|
|
|
|
|
|
|
|
LANIKEHA
|
|
|
|
|
|
|
|
Active
|
26 Kaulele St
|
2,350,000
|
3
|
3
|
|
|
|
Active
|
267 Anapuni Lp
|
3,250,000
|
3
|
3.5
|
|
|
|
Active
|
784 Anapuni Lp
|
3,795,000
|
5
|
4
|
|
|
|
Active
|
1035 Anapuni Lp
|
4,450,000
|
4
|
5.5
|
|
|
|
Active
|
204 Anapuni Loop
|
4,950,000
|
4
|
3.5
|
|
|
|
|
|
|
|
|
|
|
Sold
|
24 Lolii Pl
|
2,800,000
|
3
|
2.5
|
2,070,000
|
06/05/17
|
|
Sold
|
89 Keahilele Pl
|
4,700,000
|
4
|
4.5
|
4,335,000
|
06/30/17
|
|
Sold
|
857 Anapuni Lp
|
2,498,000
|
4
|
3
|
2,300,000
|
08/08/17
|
|
Sold
|
577 Anapuni Lp
|
2,450,000
|
4
|
3.5
|
2,400,000
|
11/09/17
|
|
Sold
|
877 Anapuni Lp
|
2,448,000
|
5
|
4
|
2,380,000
|
12/06/17
|
|
Sold
|
297 Anapuni Lp
|
3,995,000
|
4
|
4.5
|
3,650,000
|
01/04/18
|
VACANT LAND
|
Status
|
Address
|
List $
|
Sq Ft
|
Sold $
|
Close
|
|
Active
|
261 Akai Pl
|
495,000
|
10,324
|
|
|
|
|
|
|
|
|
|
Sold
|
347 Aalii Way
|
400,000
|
10,001
|
400,000
|
07/17/17
|
|
Sold
|
353 Aalii Way
|
450,000
|
10,023
|
450,000
|
07/17/17
|
|
|
|
|
|
|
|
KAHUA KAI
|
|
|
|
|
|
|
no listings
|
|
|
|
|
|
|
|
|
|
|
|
|
SUMMIT
|
|
|
|
|
|
|
Active
|
411 Wekiu Pl
|
475,000
|
11,112
|
|
|
|
|
|
|
|
|
|
Sold
|
195 Welau Way
|
382,000
|
10,790
|
382,000
|
03/20/17
|
|
Sold
|
166 Welau Way
|
575,000
|
12,850
|
540,000
|
10/10/17
|
|
|
|
|
|
|
|
PINNACLE
|
|
|
|
|
|
|
Active
|
45 E Mahi Pua Pl
|
655,999
|
19,651
|
|
|
|
Active
|
10 W Mahi Pua Pl
|
799,000
|
18,012
|
|
|
|
Active
|
77 W Mahi Pua Pl
|
820,000
|
20,308
|
|
|
|
|
|
|
|
|
|
LANIKEHA
|
|
|
|
|
|
|
Active
|
627 Anapuni Lp
|
410,000
|
12,117
|
|
|
|
Active
|
70 Lewa Lani Pl
|
415,000
|
11,800
|
|
|
|
Active
|
607 Anapuni Lp
|
420,000
|
12,630
|
|
|
|
Active
|
747 Anapuni Lp
|
425,000
|
16,544
|
|
|
|
Active
|
787 Anapuni Lp
|
450,000
|
25,710
|
|
|
|
Active
|
995 Anapuni Lp
|
460,000
|
20,299
|
|
|
|
Active
|
121 Lewa Lani Pl
|
470,000
|
30,341
|
|
|
|
Active
|
27 Kaulele Pl
|
475,000
|
12,071
|
|
|
|
Active
|
824 Anapuni Lp
|
475,000
|
25,779
|
|
|
|
Active
|
837 Anapuni Lp
|
490,000
|
29,941
|
|
|
|
Active
|
105 Loli'i Pl
|
495,000
|
26,045
|
|
|
|
Active
|
467 Anapuni Lp
|
535,000
|
30,858
|
|
|
|
Active
|
85 Lolii Pl
|
585,000
|
29,316
|
|
|
|
Active
|
1015 Anapuni Pl
|
585,000
|
20,826
|
|
|
|
Active
|
604 Anapuni Lp
|
595,000
|
28,156
|
|
|
|
Active
|
65 Loli'i Pl
|
600,000
|
20,617
|
|
|
|
Active
|
167 Anapuni Lp
|
625,000
|
21,780
|
|
|
|
Active
|
5 Loli'i Pl
|
640,000
|
20,473
|
|
|
|
Active
|
377 Anapuni Lp
|
695,000
|
21,192
|
|
|
|
Active
|
477 Anapuni Lp
|
695,000
|
30,880
|
|
|
|
Active
|
227 Anapuni Lp
|
695,000
|
23,265
|
|
|
|
Active
|
404 Anapuni Lp
|
795,000
|
40,862
|
|
|
|
Active
|
324 Anapuni Lp
|
795,000
|
40,862
|
|
|
|
Active
|
524 Anapuni Lp
|
835,000
|
47,687
|
|
|
|
Active
|
224 Anapuni Lp
|
985,000
|
40,844
|
|
|
|
Active
|
184 Anapuni Lp
|
1,074,900
|
43,358
|
|
|
|
Active
|
164 Anapuni Lp
|
1,200,000
|
50,530
|
|
|
|
|
|
|
|
|
|
Sold
|
108 Keahilele Pl
|
489,900
|
25,670
|
425,000
|
07/14/17
|
|
Sold
|
67 Kaulele Pl
|
390,000
|
13,049
|
370,000
|
09/15/17
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Figures from Realtors Association of Maui
|
Hawaii tourism exceeded all expectations in 2017.
We set a new record
: 9.3 million tourist arrivals in 2017. That marks the 6th straight year of record-high totals for visitor spending, generated state tax revenue and arrivals. The West Coast still sends the most Hawaii visitors. International seats are led by Japan, Canada, South Korea, and Australia.
A recent report by the Hawaii Tourism Authority analyzed Hawaii's major vacation rental platforms, finding Maui to have the largest number of individually advertised vacation rental units in 2017 with 13,418 units, a 24.4% jump from 2016.
Maui was packed for the holiday season and hotels were charging top dollar,
if
you could even find a room. Of course that meant every meal had to be a dine-out experience and laundry had to be sent out. Folks who stayed in a beautiful home or condominium through
Maui Beachfront Rentals saved all that money.
And the beauty of booking thru MBR
is there are no hidden fees. That's where I keep my vacation rentals, and my guests save money by avoiding all those inflated fees by travel agencies. Their service doesn't stop with the booking - locally based staff is available 24/7. For me, it means
no hassles.
No more trying to cover all my bases with a local rental agency here plus extra advertising on sites like VRBO, HomeAway, Flip Key and others to try and get a decent return. If you have friends or family coming to visit, you might want to check
MBR
out. They cover it all and at no additional cost.
|
Hawaiian Airlines
will launch a daily non-stop service between San Diego and Maui beginning May 1st. They've also announced 4 new daily summer flights for 2018, including its first international seasonal service. New summer flights will be between San Francisco and Honolulu; Oakland and Kona, Big island; Los Angeles and Maui; and Narita and Honolulu. Beginning June 1st, Hawaiian Airlines will also offer daily service between Long Beach, CA and Honolulu. And for inter-island travelers, Hawaiian will add 2 more flights out of Kapalua to Oahu starting March 11th.
Hawaiian Airlines
has decided to invest millions in airport renovations following the new Federal tax cuts. Some of Hawaiian's competitors, including American Airlines, Southwest Airlines and Alaska Airlines, announced that they'll use their tax savings to award their employees with one-time $1,000 cash bonuses. The same approach has also been taken by several of Hawaii's banks. While Hawaiian Airlines won't award cash bonuses, their employees can expect to receive some of the highest profit-sharing payments in company history.
Meanwhile, our upward trend in visitor arrivals is continuing into 2018. In the 1st quarter, air seat capacity to Hawaii is projected to grow by 10.9%. But don't be surprised if the next time you get on a plane to anywhere, those entertainment screens in the seat backs are gone. What was formally called in-flight entertainment, may be getting phased out in favor of content offerings that passengers can stream from their personal devices.
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Mortgage rates rose to the highest average in months at the end of 2017, but home buyer applications still posted an uptick. Mortgage applications for home purchases rose 1% in the final two weeks of the year. Home purchase applications ended the year 3% higher than at the end of 2016.
Our mortgage expert Dean Rathbun of Avis Mortgage says the recent tax bill could cause the Federal Reserve's rate increases to come faster - mortgage rates are expected to go up three or four times this year. Mortgage rates typically follow the Treasury yield. The federal funds rate sets the stage for the path mortgages will take.
Jerome Powell, governor of the Fed, will take the reins from Chairwoman Janet Yellen early next month. Yet the Federal Reserve has already begun reducing its holdings of Treasury securities and mortgage-backed securities, and this will put additional modest upward pressure on mortgage rates. According to Dean, most predictions see rates increasing to 4.6% this year, 5% in 2019, and 5.3% in 2020.
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MAUI HAPPENINGS
End of Jan: Tix go on sale for Kapalua Wine & Food Festival
tickets
2/3, 2/10-11, 2/17-18, 2/24-25: Annual Open Maui Studios
info
2/17-25: Maui Plein Air Painting Invitational
details
2/23: Chinese New Year in Lahaina
Year of the Dog
2/03-4: Maui Chamber Orchestra - Young Artist Showcase
3/02-18: Cabaret
3/24-25: Maui Chamber Orchestra - Americana
4/27-5/13: Of Mice and Men
5/25-27: Maui Chamber Orchestra - Musicals
7/13-8/5: Singin' In The Rain
Maui Theater
Monday, Tuesday, Thursday Friday tickets
"Ulalena" Hawaiian Show 5pm
"Burn'n Love" Relive Elvis in Hawaii Concert 7:30pm
Maui Arts & Cultural Center
1/25: Aotearoa's Finest New Zealand/Maori music
1/27: Observe & Play Family Day
1/27: Makana & Friends: A Tribute to Hawaiian Slack Key Legend Sonny Chillingworth
1/28: Judy's Gang in "Party On"
2/01: Cuerteto Latinoamericano string quartet
2/2-3: Kumu Kahua Theatre Wild Birds Hawaiian play
2/03: ArT=Mixx: Nostalgia
2/08: Okareka Dance Company Mana Wahine
2/09: Tracy K. Smith (current U.S. Poet Laureate) in the Green Room
2/09: Dan Tepfer Goldberg Variations jazz /piano & sax
2/10: Ms. Lauryn Hill in concert
2/10: "The Very Best of Dave Mason" Tour
2/11: Doric String Quartet
2/11: Ku Kanaka/Stand Tall: film on Kanalu Young
2/14: All 4 One, Soul for Real, & Forte R&B concert
2/17-18: Keali'i Reichel concert
2/22: Ananya Dance Theatre "Shyamali: Sprouting Words"
2/23: Cash Cash electronic dance music
2/24: The Songs of C&K Hana Hou
2/25: Winter Pops Orchestra
Yup - That's How Maui Does Winter
And because that photo exemplifies our island, there are lots of visitors here right now reveling in the fact that they're in a tropical paradise and not back home shoveling snow. If you're even thinking about selling your property, now is the time to list when the Island is full of folks who wish they could own a piece of paradise. We'd
be happy to offer you a no obligation, confidential evaluation of your property.
Likewise, if you're considering adding to your real estate portfolio, you might want to lock in those low interest rates now before the Fed raises their rates again.
As fellow Kaanapali Golf Estate owners with over 30 years experience in the Maui market, you can't put yourself in better hands. Remember, we are 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.
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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