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Kaanapali Golf Estate Update
July 2019
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Aloha Fellow Kaanapali Golf Estate Owners,
 So what could that crazy looking aircraft to the left, and beer have in common? Wait, you don't know? Well than you've certainly heard of UFOs ... check. And you may be aware that this month marks the 50th Anniversary of America's Moon Landing. Still not putting it together? Don't worry, that's what I'm here for. That aircraft is the NASA ER2. The beer company is Lanikai Brewing. In this case UFO stands for Unidentified Fermenting Object. And it all has to do with marking the moon landing anniversary. Brewer Steve Haumschild has collected wild yeast strains around Hawaii for years, but a chance conversation with two customers who just happened to be NASA research pilots turned into the quest for space yeast at 70,000 feet. It worked. And now he brews "space beer" or "Interplanetary Ales". For the whole article
click here.
There's a new medical option that's just rolled out for Hawaii residents and visitors alike. CVS Health (parent company of Longs Drugs) is now offering "MinuteClinic Video Visits" a telehealth offering providing patients with 24-hour access to care from your mobile device or computer as well as the ability to call in prescriptions.
It's already available in 26 other states. For details
click here.
*
Governor Ige has signed a bill to increase the state's tax credit for film, television and digital media. Citing how the industry helps Hawaii's economic growth and creates jobs, the tax credit will be boosted to $50 million from its current $35 million.
Apparently it's "survey" time, and Hawaii's shown up on several
"best of"
lists.
| US News & World Report Best Places to Visit |
Maui #4 |
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| USA Today Best Beaches in Hawaii |
Kaanapali Beach #1 |
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| Gallup Poll 10 Happiest States |
Hawaii #1 |
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| Golfweek Magazine Hawaii Best Courses |
Kapalua Plantation #1 |
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Kapalua Bay Course #12 |
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| Golfweek Magazine Top 100 Best Courses |
Kapalua Plantation #20 |
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| Golfweek Magazine Top 100 Modern Courses |
Kapalua Plantation #45 |
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| Bankrate Best States to Retire In |
Hawaii #10 |
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| Travel + Leisure Best Hotels in the World |
Montage Kapalua Bay #63 |
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Hotel Wailea #73 |
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Home prices on Maui rose by single digits in June compared to a year ago and the number of homes sold also went up year over year. There were 87 single-family homes sold on Maui last month, which was 2.4% more than the 85 homes that sold in June 2018. The median price of those homes was $750,000, which was an increase of 3.4% from the median price last year of $725,000.
Condominium prices enjoyed a big jump, while the number of sales dropped. The median price of a condominium on Maui in June was $552,000, an increase of 7.2% from $515,000 in June 2018, and its highest mark in a decade! But the number of sales dropped 19.2% to 122 units, from 151 units sold in June 2018. Available inventory - the number of properties actively for sale - broke all-time lows in June. With supply low, it could signal a seller's market.
Now l
et's take a look at the Kaanapali Golf Estates
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VACANT LAND
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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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439,000
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11,112
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Active
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166 Welau Way
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599,000
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12,867
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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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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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647 Anapuni Lp
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399,500
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12,081
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Active
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627 Anapuni Lp
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410,000
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12,117
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Active
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607 Anapuni Lp
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420,000
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12,630
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Active
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50 Lewa Lani Pl
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425,000
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10,907
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Active
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704 Anapuni Lp
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459,000
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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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27 Kaulele Pl
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475,000
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12,071
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Active
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51 Lewa Lani Pl
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549,000
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24,394
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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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110 Lewa Lani Pl
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550,000
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13,072
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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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85 Lolii Pl
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585,000
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20,617
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Active
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1015 Anapuni Pl
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585,000
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20,826
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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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377 Anapuni Lp
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675,000
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21,192
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Active
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444 Anapuni Lp
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749,000
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41,166
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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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304 Anapuni Lp
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995,000
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40,554
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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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Active
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224 Anapuni Lp
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995,000
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40,816
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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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RESIDENTIAL
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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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229 Amakihi Way
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1,799,000
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4
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4
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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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300 Aalii Way
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2,290,000
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4
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5
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Active
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180 Kalaihi Pl
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2,695,000
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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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3,195,000
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4
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4.5
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Escrow
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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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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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Active
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50 Kahua Kai Pl
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3,595,000
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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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5,800,000
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3
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4
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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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697 Anapuni Lp
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2,099,000
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3
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3
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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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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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Active
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784 Anapuni Lp
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3,595,000
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4
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3.5
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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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49 Keahilele Pl
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4,300,000
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4
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3.5
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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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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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Escrow
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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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THE VINTAGE
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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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1,099,000
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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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130
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3
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2.5
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1,200,000
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Active
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28
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3
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3
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1,447,000
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Active
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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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Escrow
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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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Escrow
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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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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)
|
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)
|
 Makani Kai Air
will begin offering 4 daily
round trips
between Kona and Kahului August 1st. If you're interested, they're offering an introductory fare of $49 each way. Just make your reservation by August 31st for trips up until Sept 30th. Makani Kai Air is the "fixed fare" airline with prices the same on weekends, holidays or any other time.
Alaska Airlines is increasing its flights to popular sun spots this winter to provide rain-addled folks from the Pacific Northwest with more options to Hawaii. Alaska will add a third daily flight between Seattle and Maui starting November 21st. That's in addition to a recently added third daily flight between Seattle and Honolulu.
Hawaiian Airlines is now selling tickets for its forthcoming nonstop service between Honolulu and Fukuoka, Japan. Service will launch November 26th with 4 weekly flights. This new connection marks continued expansion for Hawaiian's Japan service, which includes 31 weekly nonstop flights between Hawaii and Japan. Routes include connections to Osaka, Sapporo, and Tokyo's Haneda and Narita airports.
 The photo to the right is of the HAWK30 ... a 260-foot-long solar-powered flying wing. A joint venture between Japan's SoftBank and unmanned aircraft systems developer AeroVironment will begin test flights on Lanai. If successful, it could be part of a network of drones loitering in the stratosphere providing 5G cell phone coverage. State officials say the solar powered aircraft can stay aloft for months at a time and provide global cell connectivity.
TOURISM
This year, Hawaii is expecting to draw a record 10.2 million visitors, with continued growth expected in the future. The industry now accounts for 125,000 jobs - roughly one in five jobs in Hawaii. And as you read above, airlines are expanding flights into Hawaii. A striking statistic is that even as Hawaii's visitor count has risen significantly, the number of people staying in traditional hotels - or even the number of hotels - hasn't grown much. So where are these millions of additional people staying? According to the Hawaii Tourism Authority, they're staying in vacation rentals. It's not surprising that those visitors spend, on average, less for lodging than people staying in hotels. In fact, people staying in hotels spend more across the board.
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.
|
Dean Rathbun
of
Avis Mortgage
noted that earlier this month, The Standard & Poor's 500 Index set a new record, closing about 3,000 for the first time. Other major U.S., stock indices also finished at record highs. Company fundamentals, investor sentiment, and geopolitics all have the power to push stock prices higher. However, those gains can also be attributed to Federal Reserve Chair Jerome Powell's testimony before Congress and the expectation the Federal Reserve will lower the Fed funds rate at the end of this month.
"Mr. Powell laid out the case for monetary easing by highlighting some
softness in indicators such as business fixed investment and persistently
low inflation. But mostly. he stressed the impact of uncertainty stemming
from trade tensions, weak global growth, the possibility that the U.S.
Congress fails to raise the debt ceiling, and a no-deal Brexit."
Black Knight, a mortgage software and analytics firm, estimate that 8.2 million borrowers could refinance and potentially lower their monthly payment by at least 75 basis points. The average borrower stands to save about $266 a month on their mortgage by refinancing. About 1.5 million borrowers - or 35% of those who took out their loans last year - could benefit from refinancing.
|
MAUI HAPPENINGS
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Paul Simon Concert |
8/03:
7
th Annual Huliau Food & Film Festival info
8/04: Maui Coffee Assoc. 12th Annual Seed to Cup Event
details
8/07: Jazz at the Shops of Wailea 5:30pm - 7pm
8/21: Henry Kapono Concert at the Shops of Wailea 5:30pm - 7pm
8/24-25: Emma Farden Sharpe Hula Festival under the Banyan Tree in
Aloha Friday Free Movie Night
info
8/16: Hotel Transylvania 3: Summer Vacation
7/12-8/4: Mama Mia musical
8/09-10: Kevin Farley comedy
9/27-13: The Graduate play
Maui Arts & Cultural Center
tickets
7/21: Gary clark Jr. mix of blues, rock & soul
The MayJah RayJah
7/26: Damian 'Jr. Gong' Marley
7/27: SOJA
8/01-04: "Tortilla Curtain" drama based on T.C. Boyle's bestselling novel
8/13-14: Paul Simon in concert
8/17: 25th Anniversary of "Maui Calls" premier wine & food tasting event
8/24: Beat-Lele Ukulele tribute to The Beatles
9/13-29: Strangers On A Train
7/19-20: Kahului Hongwanji Mission
7/26-27: Makawao Hongwanji Mission
8/02-03: Wailuku Hongwanji Mission
8/9-10: Lahaina Hongwanji Mission
8/17: Rinzai Zen Mission, Pai'a
8/24: Kula Shofukuji Mission
9/07: Hana Buddhist Temple
As you can see from all those "Best Of" lists, Maui is doing gangbusters. In my "Tourism"section the visitor count is breaking records. And from my "Current Market" section you can see that available inventory for sale is at an all time low. Do the math. More and more visitors are coming, many of them wanting to own their own piece of paradise, and available inventory at an all time 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. Conversely, if you're looking 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.
We hope you're enjoying our monthly updates. Feel free to share them with your friends and neighbors. If they like, we'll add them to our update list. Completely private and never any junk mail.
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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