Across the country, homeowners who have a mortgage saw their equity increase by 5.6% over the past year, according to a new report by CoreLogic.  The average homeowner gained $6,400 in home equity, but some states saw larger gains than others.  Hawaii was in the top 10 states in the country with the highest average gain of $16,000.

wills of single-family homes on Maui rose 18% last month, compared to a year ago.  The median price of a single-family home of $705,000 was 2.2% higher than the median price in May 2018 of $690,000.  The number of homes sold last month increased by 17.7% to 133 homes, from 113 homes sold in May of last year.

The number of condominiums sold on Maui last month declined by 17.4% to 142 units sold, from 172 sold during the same month last year.  However, the median price of those condos rose 9.7% to $518,500, from $472,500 in May 2018.

Now l et's take a look at the Kaanapali Alii :

Status	Unit	Bd	Ba	List $	Sold $	Close
Active	2-304	1	2	1,200,000 LH
Active	2-604	1	2	1,300,000
Active	4-1103	1	2	1,645,000
Active	2-1002	1	2	1,775,000
Active	1-801	1	2	1,795,000
Active	1-802	1	2	1,795,000
Active	4-1102	1	2	2,295,000
Active	2-306	2	2	1,400,000
Active	475	2	2	1,995,000
Active	1-903	2	2	2,795,000
Active	2-205	2	2	2,850,000
Active	1-1003	2	2	2,875,000
Active	1-1103	2	2	3,150,000
Active	1-1004	2	2	3,218,000
Active	3-106	2	2	4,895,000
Escrow	1-502	1	2	1,695,000
Sold	2-302	1	2	1,325,000	1,250,000	05/28/19
Sold	2-702	1	2	1,725,000	1,595,000	04/18/19
Sold	1-902	1	2	1,890,000	1,800,000	05/07/19
Sold	4-204	2	2	2,550,000	2,495,000	05/30/19
Sold	4-306	2	2	2,995,000	2,625,000	03/04/19
Sold	2-603	2	2.5	3,300,000	3,175,000	01/04/19
Sold	3-1106	2	2	4,995,000	4,995,000	06/21/19
Sold	1-1006	2	2	5,200,000	4,700,000	04/15/19

Figures from Realtors Association of Maui

FEATURED LISTINGS

Kaanapali Alii is situated on over 8 acres on the world famous Kaanapali Beach.  Alii amenities include two beachfront swimming pools, spa, BBQ areas, tennis courts, a workout facility, and full spa services.  A short walk to Whalers Village Shopping Center, which boasts an array of shops, fine dining, and food court with multiple restaurants.  The oceanside boardwalk allows for long walks and beautiful visuals. Kaanapali Alii 2 Bedroom/2 Bath Unit 2-306 $1,400,000 Best Value on Kaanapali Beach and priced to sell.  Alii Residence 2-306 features enchanting garden views with total privacy from its 3rd floor corner location.  Spacious open and bright floor plan with light colors.  2-bedrooms, 2 full bathrooms, washer dryer, a large outdoor covered deck, and extra sleeping area in the living room.  Residence 2-306 is a popular vacation rental with high occupancy, sold fully furnished and nicely remodeled with tile floors, stainless steel appliances, granite countertops and upgraded bathrooms. (click on pictures below for more information)      Kaanapali Alii 475  2 Bed/2 BA   $1,995,000 Great mountain views and privacy from this 7th floor corner location.  Spacious open and bright floor plan with 2 bedrooms, 2 full baths a large Lanai and extra sleeping area in the living room.  Unit 4-705 comes fully furnished, washer/dryer, ready for vacation rentals.  Over 8 acres situated on world famous sandy Kaanapali Beach.  Two beachfront swimming pools, spa, BBQ areas, tennis courts a workout facility with spa services.  Walk to the shops and ocean activities, an ocean-side boardwalk and an array of shops and restaurants at Whalers Village Shopping Center.  Across from Kaanapali Golf  Courses. (click on pictures for more information)

Frontier Airlines announced that its newest order of long-range airplanes could put flights to Hawaii in it's near future.  They've ordered 18 fuel-efficient A321XLR Airbuses that have a range of 5,400 miles.

Hawaiian Airlines carried more than one million passengers last month.  Total traffic, or revenue passenger miles, was up nearly 6% year-over-year.  Capacity, or available seat miles, increased by 4% compared to May 2018.

           

TOURISM

In the first four months of this year, visitor spending decreased on Maui by 5.3% to $1.72 billion, despite a 3.4% growth in visitor arrivals.  So what's causing this?  The Hawaii Tourism Authority recently released data which might explain the trend - growth of vacation rental condominiums and houses.  People who rent vacation homes tend to spend much less than their counterparts staying in hotels.

Well, of course they do.  They're not getting nickel and dimed on every little thing like at the hotels.  They also can prepare some of their own meals instead of eating out every single time. They can even do laundry, instead of sending it out through the hotel cleaning service.  This is good on two fronts.  From the visitor's point of view they're able to enjoy multiple bedrooms, full kitchens, laundry, free parking, plus all the amenities of a resort - without the overpriced hotel costs.

On the other hand, the owners of the vacation rentals are enjoying a steady stream of income for their property when they're not using it.  I do it with my rental properties.  At first I tried renting them out myself - what a headache.  Now I have all my rental properties being handled by  M aui Beachfront Rentals.  Do what I do now and check out  MBR .  They take all the hassle out of it for you.   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.