Maui’s North Shore Real Estate is FIRING.
Not literally, but as the season just begins to take off, the real estate market in this desirable pocket on Maui is moving swiftly and consistently. We anticipate this heightened interest to increase through the holiday months and New Year through the bulk of the winter as it typically does. If you’re considering selling your North Shore home, let me know and I can provide a market analysis on your place — it’s a great time to get in on the action.
16 homes are currently on the market on the north shore, bottoming out with a clean little Skill Village place on Paihi reduced to 615k after just a month on. More details here.
The Laelua Place listing in Kuau Bayview just came on this week at 830k and should go quick in that location with walkability to Paia town, epic beaches and perfect surf breaks. The wide-open floorplan is comprised of 3 bedrooms and 2.5 baths with almost 2000 sq. ft. and includes an ample yard with a peek-a-boo view of the North Shore over the treetops. Contact me for showings and details.
Other active listings have been previously discussed in North Shore Oceanfront blogs and continue to await their new buyer. Activity has increased as have showings as the season shifted and we are seeing more travelers.
With 4 homes currently pending, 2 over $1m. View Listings here
Some noteworthy are mentioned below.
The commercial on Baldwin is under contract at $1.5M. Versatile zoning, colorful space and a great location pulled this buyer after being listed 6 months.
The auction property that we all watched so closely on Lae Place is also under contract after being listed almost a year. Word around town is that this auction didn’t fare to work out quite as expected. Needless to say, the buyer nabbed an excellent value in a prime location.
Over the past 3 months, North Shore Real Estate sales are here
The most recent notable closing was the quaint 500 sq. ft. cottage at 749 Hana Highway which brought some impressive numbers as it came to a close. Settling at $650,000 after less than a month on the market, at $1,300 per sq. ft. this little haven makes its mark in Kuau real estate sales history. Completely tricked out with the finest in aesthetics and finishes and walking distance to Mama’s Fish House, this new buyer has their own hidden oasis in paradise. View listing here.
The Laulea Place estate closed at $4,815,400 after a short 65 days on the market. This same estate last changed hands just in early 2014 for $4.5M. This stylish home had quintessential North Shore views of the West Maui mountains and pacific blue for as far as the eye can see. There is no doubt this residence was a showstopper with the limited days on market. This home is comfortable and classic and it exuded buyer appeal. View listing here.
…October closes out with the sale of 598 Stable Road. Listed and sold at $5.999M without ever coming on the mls, this small 1200 sq. ft. estate property with a 1,100 sq. ft. ohana on over 4 acres of choice beachfront. This sale rounds out the top 3 homes sold on the North Shore this year.
More times than not, these all-cash buyers on luxury oceanfront homes work in exclusive circles, and being well connected pays dividends.
The graph below depicts median sales price for Paia/Spreckelsville homes priced over $1m for the past 3 years. It’s prevalent that if you “hang out long enough”, a luxury investment made in our coastal community continues to stretch and go up in value.
Here are the latest on Maui Stats by District:
If you’re thinking if an investment on Maui, please reach out. I’d love to talk about your goals and how I can help you meet them.