COVID19 UPDATE
Maui

Midpoint 2015: What You Need to Know About Puamana Home Sales Prices

If you’ve been spending your time outside like I have this summer, I gotta say Lahaina town has been quite spectacular. The days have been longer, the weather warmer, the streets more crowded, the surf bigger, even the monk seals have occasionally paid us a visit sunbathing in between the Harbor and Shark Pit area. In addition to these many gems that grace Lahaina’s shoreline, one other is undoubtedly Puamana. With its lush 30 acres of oceanfront living, 3 pools, tennis, sandy beach plus more…

DJI00046-3 (1)

Hard to beat Puamana’s oceanfront beach, surf, and sunsets

Wait a second (as the record sound scratches to a halt)!…enough of the real estate fluffy fluff fluff. I’d rather rundown the sales numbers faster than Love Connection’s Chuck Woolery in his 2 minute / 2 second commercial breaks. Short and sweet, but specific. So here we go:

sign-2

2015 Puamana Real Estate Sales Snapshot

– Last year, 2014 had the most transactions at the mid-point of the year, since 2002 (10). 2015 so far has 7.

– Where last year’s sales volume (and deals) came from 2 bedroom units, with 5 of the 10 sold prior to July 1st…2015 is a bit more balanced (kind of) with (3) 1 bedroom units selling, (1) 2 bedroom, and 3 (3) bedroom units all sold in the first 6 months.

– 1 bedrooms are enjoying more volume this year than any year since 2006. And for non oceanfront units, a $637K average sales price is its highest since 2008.

View complete Puamana sales stats (20 year statistics).

Screen Shot 2015-07-20 at 11.34.39 AM
Comparative Market Summary Report 2015 Puamana Home Sales

Screen Shot 2015-07-20 at 11.32.22 AM
Comparative Market Summary Report 2015 Puamana Active Home For Sale

2 Bedrooms Go Big

– 2015 is seeing a big price increase in 2-bedrooms. Last year’s non oceanfront average 2 bedroom sales price was $629K. As of today’s active 2 bedroom listings, the average list price for non oceanfront is $925K…If I omit the 2 with ocean views, that’s a $832K average price (47% and 32% increase respectively).

– With only 1 sale thus far in 2015, 2 bedrooms are tied for their lowest sales volume in the past 15 years. Possible reason? High inventory and higher list prices. Fact: 6 of 8 the units currently listed for sale are 2 bedrooms, and the lowest is listed for $795K.

14

Private accessibility to year-round ocean activities: surf, paddle, kayak, kite, canoe, swim, float

Deal of the Year…So Far?

In my opinion, Unit 17-2 was no doubt the buy of the year so far. Purchased for $850K, this is a 3 bed/2.5 bath 1,768 sq. ft. end unit, with its own carport at the north/quiet end of the neighborhood. The price per square foot was $481…one of the lowest in the past 15 years.

11

30 acres of private beachfront community: located at the southern end of Lahaina on Front Street

Oceanfront Units

Only 1 oceanfront has sold in 2015. It was a 3 bedroom that closed for $2,025,000. Traditionally, oceanfront units have remained strong at Puamana averaging $1,423/sq. ft. since 2010. Last year saw 3 oceanfront units sell, averaging $1,911/sq. foot.

Going by gut (and knowledge) and discounting any “super uber luxurious properties,” I’d bet this is one of the best per/sq. ft. averages in all of West Maui. And by best I mean highest. It just so happens I will use this topic for my next article coming soon, “Puamana Oceanfront Versus All the Others.”

More Information

If there is anything else you want to know about Puamana real estate, please reply to this article or email me direct. Thanks for reading!

Aloha
– JTO

20140822_181441

About the Author

Jeff Onderko

Jeff Onderko is a REALTOR Broker with Hawai'i Life. West Maui Real Estate Broker, and ultra enthusiastic advocate of Maui's Lahaina, Kaanapali and Kapalua areas. I truly believe it's an honor & privilege to call Hawaii home. For 17 years now, West Maui is where I live, work and play. My team and I specialize in resort market home and condominium sales striving to deliver the highest level of professional service possible. With $50M+ sold, a panache for extensive statistical research and 100+ published real estate articles since 2015. I'm relevant, information driven and responsive. I bring a passionate energy, an entrepreneurial understanding and a client-first approach to my real estate business. Prior to becoming a Realtor, I was an independent publisher, starting and operating Maui, Kauai and Hawaii Real Estate Weeklies, Maui Time Weekly (partner), and in 2005, I was a Mayors Small Business Award finalist. In 2009, after seeing the demand and living in an under serviced pet market, alongside my Mom, Susan we opened West Maui Pet Supply. I started my career after college as an account executive with Orlando Weekly ultimately becoming their Advertising Director. Then I moved on to Advertising Sales Manager at Orange County Weekly, in Southern California. I am native of Detroit, Michigan, but grew up in Florida splitting time between Miami, Orlando and Cocoa Beach, Fl. I was a scholarship soccer player at the University of Central Florida and graduated with a BA from their School of Communication. Always attracted to healthy lifestyle, adventure, great weather, water sports and the outdoors, I moved to Maui in the summer of 2002. When the Realtor hat comes off, I'm active in the community coaching U-14 Boys Soccer (AYSO - West Side Pride) and I still play in the West Maui open division. I'm involved along with other fellow Hawaii Life comrades volunteering regularly at the Ka Hale A Ke Ola Shelter in West Maui and I'm on the Board of the Hawaii Life Charitable Fund. Through the outlet of the WM Pet Supply, I was heavily involved with the Maui Humane Society & ASCPA getting animals adopted & spayed/neutered. When I have free time you'll find me surfing, golfing, at the gym, a regular at yoga class, hanging at home with my animals or working in the backyard on my organic micro-farm (aka: food garden). You can email me at JeffOnderko@HawaiiLife.com or via phone at (808) 280-4881.

Comments (0) Show CommentsHide Comments (Remember)

Cool. Add your comment...

Your email address will not be published. Required fields are marked *

Leave your opinion here. Please be nice. Your Email address will be kept private, this form is secure and we never spam you.

More Articles from Hawaii Life