Maui Real Estate Sales are Hot! Hot! Hot! But is a Little Patience in Order?

February 1, 2019


Ok—the Super Bowl is over so let the New Year begin!  Real Estate activity continues at a fairly torrid pace here on Maui, fueled by perhaps our busiest visitor season of all time.  If the amount of traffic, long lines at supermarket check stands, lack of parking spaces at Costco are any indication, I’d say it’s pretty much a given.  The entry level of our market (condos under $500,000) is experiencing a near feeding-frenzy with Days on Market before going into escrow often fewer than ten!  Mid-range and higher-end properties are getting lots of attention, as well.  Please click these links if you would like to read a couple of articles that consider the market in general (not just Maui) continuing through 2019:

Gains in Home prices Soften
Winter real estate and mortgage news…

Although I pay close attention to statistics and try my best to anticipate trends, I must say that my intuition has served me well many times in the past.  In spite of what I see now—a strong seller’s market—the word “caution” is front and center in my thinking.  Not a lot of caution; just a little.  No doubt our sales numbers for the 1st quarter will be strong, and the 2nd quarter will benefit from closings that were contracted in the first quarter.  More to the point, if you’re anticipating buying Maui Real Estate this year, you may want to wait until 3rd or 4th quarter.  By then, activity will have likely slowed, and sellers may be a little more negotiable.  On the other hand, as I’ve said many times before, the best time to buy is when it’s best for you.

As always, there is no shortage of fabulous properties to give special attention to, so here is a potpourri of Featured Properties for your viewing pleasure:

MLS #381154—Polo Beach Club remains unique in its proximity to the ocean—truly a “toes in the sand” property.  This 7th-floor unit has undergone a recent exciting new remodel—light, bright, open and airy to the max.  Please don’t consider this property if hearing the waves gently roll up to the sandy beach at night will disturb your sleep…$2,395,000!!!

MLS #377350—If the ultimate in location and luxury sounds just about right to you, then this stunning 5th-floor Penthouse unit at the prestigious Wailea Beach Villas will be perfect!  Renowned for its on-site amenities and fronting the Shops at Wailea, unforgettable sunsets will greet your day’s end and gourmet dining is a short walk away.  $4,500,000!!!

MLS #380695—Prefer the cozy comfort of owning your own home in a gated community?  Look no further than this glamorously remodeled custom home in Wailea Golf Vistas for impeccable quality and design.  With nearly 3,000 sq. ft. and 3BR/3.5BA under roof living will be easy and breezy.  $2,989,880!!!

MLS #380079—Were you a Leg-O’s fan as a kid?  Well, here’s your chance to design/build a prestigious home on nearly ½ acre in the highly coveted Wailea Highlands community.  Homes in this gated enclave have historically sold in the $5-$10 million price range, so this luxury building site should pencil out pretty well at $1,689,880!!!

Click here for January statistics

No question Maui is a mecca for healthy lifestyle advocates.  Our year-round beautiful weather offers endless opportunities for ocean sports, hiking, biking, golf, tennis, and more.  Here’s a nice little piece about four entrepreneurial local women who have followed their dream and are now anxious to share their passion for health and fitness with one and all:

Maui is a vortex for yoga, water sports, and other body-first training movements. With our year-round tropical weather, people can take advantage of the outdoors for a healthy lifestyle. Here are four women on the island who are offering Maui their own slice of fitness and health.

And for the less ambitious fitness addict, there are plenty of South Maui restaurants with opulent wine lists that can help you burn a few calories by raising and lowering that glass.

Mahalo, as always, for checking in with my Monthly Newsletter.  I must admit, some month’s it is a bit challenging, after so many years, to keep this newsletter fresh and read-worthy.  If any of you have suggestions—things you’d like to see (or not see, for that matter…other than my picture), please feel free to share your thoughts.

Mahalo nui loa,

Michael Blaz
(808) 283-9093

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