Market Trending Higher & Those Canadian Buyers

In 2014, Canadians were the largest foreign group to purchase real estate in Maui County according to a Title Guaranty Hawaii Report. In total, Canadians bought 94 properties on Maui, Molokai and Lanai for a total sales volume of $84.2 million. The buyers tend to favor certain sides of the island; in particular Canadians love South Maui where 44 sales were made for a total of $33.5 million, and West Maui, with 36 sales for a total of $36.9 million.

However, statewide the Japanese were largest buyers of property by far. The majority of the 291 sales were on Oahu, with 260, the big island came in second with 24 sales. The Japanese spent a total of $278 million statewide on properties.

Ho’olei Unit 39-4 listed by the Sayles Team

Three residents from Singapore and two from Australia bought properties in Maui last year. Residents of New Zealand, Hong Kong, Israel, Spain, France, and Germany also each bought a property in Maui County in 2014. There were no Chinese buyers of Maui County real estate in 2014; although there were 15 sales made by Chinese nationals across the state, all but one of the sales were on Oahu.

Foreign buyers barely make up a portion of the real estate market in Maui County, there are not as many international buyers (aside from the Japanese and the Canadians) that one would think. The Title Guaranty report logged 112 property sales to foreigners last year, compared to the 2309 single-family, condominium and land sales in Maui County in 2014. So according to the the numbers, foreigners only represent 5% of the sales.

Our lowest priced Ho’olei listing at $1,895,000

There were five purchases by Canadians Upcountry, and four on the north shore, which included one sale each to buyers from Japan, Canada, Spain, and France.

Aside from Hawaii residents, who bought 1230 Maui properties worth $592.5 million, most domestic buyers of real estate in Maui County in 2014 came from California-479 sales and $492.5 million in sales volume. There 104 sales were to residents of Washington for $98.4, 97 and a total sales volume of $87.2 million to Texans.

A Look at the Current Market

Last week was the first time in 2015 the number of pending homes (48%) outnumbered the pending condos (44%) for the week.

Real Estate For Sale by the Sayles Team

Listed by the Sayles Team: Ho’olei Unit 99-4

We originally came to market at $3,325,000 back in June, Since then we felt that we had to bring the price down a little to match the market price. We now have the unit listed at $3,295,00, a figure closer to the highest Ho’olei sale the team has made in2014.

Special properties like Ho’olei Villa 99-4 rarely become available. This iconic home is situated on the very top of the last resort-zoned development in Wailea, Ho’olei at Grand Wailea Resort. The view is spectacular – with panoramic ocean vistas looking out towards the Molokini crater and the island of Lanai. Designed by a prestigious interior design firm, this villa is both tasteful and comfortable. Custom wall colors and lighting on dimmers combine with the palate of the Snaidero cabinetry and thick granite counter tops perfectly. The home features three bedrooms and three and a half baths with 2619 square feet.

Two Sub Zero refrigerators, four freezers Wolf stainless steel appliances and grill add to the luxury feel of this contemporary kitchen. Thick dual-paned Fleetwood glass doors magically retract into the wall to reveal a allow access to the lanai. This indoor/outdoor living arrangement makes it perfect to enjoy your meals on the lanai with the soothing sounds of the ocean and breezes coming through the home. Ho’olei is a very special development, with options for daily rental coordinated by the Grand Wailea Resort.

You and your guests will enjoy a unique experience with the benefits and amenities of the Grand Wailea Resort while staying in a beautiful residence. Don’t miss out on this unique opportunity to own the perfect piece of paradise. Finely appointed and being offered fully furnished.

Charming West Kuiaha Meadows: 34 Mauu Place

Experience the magic of this equestrian paradise in the heart of lush Haiku. These 4 incredible acres are located in West Kuiaha Meadows, a gorgeous area that combines the pastoral charm of upcountry with the sea breezes of the North Shore. The property makes the most of its location with tropical landscaping, mature fruit trees and a stone fire pit for evenings under the stars.

Along with the 4 bed, 3 bath main house, the property includes a 3 bed 2 bath cottage, so that all your guests will have room to spread out. The main house has hard-wearing yet elegant stained concrete floors throughout, 10’ ceilings, 8’ doors, custom lighting, surround sound both inside and out, and a home theater system. All counters are granite, with modern, stainless appliances. The luxurious master suite boasts a lovely marble bathroom and Jacuzzi tub with ocean views. Your horses will be as happy as you in their up-to-date 2-story barn, with sliding gates and roomy stalls.

Listed by the Sayles Team: Villa 147

Villa 147 is a two-story home with three bedrooms, a den, three bathrooms and a second floor master suite with access to the upper level lanai listed for $1,150,000. The main floor features a spacious great room and dining area with opening to the grand lanai. The kitchen offers a huge center island for entertaining and dining.

There are two 220 floor plans left in phase II, they are the second biggest floor plan in the neighborhood. Both lot 152 and 48 are priced at $1,109,000. Lot is 117 listed at $1,159,000, since the lot is on the lower belt it has a relatively unblocked view of the South Maui shore. This is a special lot because of the superb ocean view that it boasts off the back lanai.

Contact a South Maui Real Estate Specialist

Enjoy amazing Wailea days on ur lanai at Ho’olei

If you ever happen to be down on the South side, we’d like to extend an invitation to you to feel free and stop by the on-site Ho’olei real estate information office, which is open daily, before the reservation desk, from 9:00AM – 5:00PM.

Mahalo,