COVID19 UPDATE
Maui

Puamana Starts 2016 With Activity & A Shocker

If you read last month’s article, I emphasized that Puamana broke loose after several months of dormant transactional activity, and closed out the year with 3 sales in December. In continuing with that momentum, January brought the same good fortune as 2 properties closed and another went under contract. Currently 5 Puamana properties are active on the market. I’ve included a comparative market summary report for your review at the end of this article.

Puamana Hot Sands Grass

Things to Know

Unit #139-1 – Closed on 1/14/2016 for $590KBargain Buy Take 2? I’m still shaking my head on this one and I probably will be for awhile, but last month we saw something that is not the norm. Not in this market and not in this neighborhood.

While individual properties may sell at best once every 5-10 years, others even longer…and especially in Puamana where many units are still owned by original families and less than 5% of units actually trade hands each year, unit #139-1 actually sold for the second time in 2 months.

Yes, that’s right…it sold once in December and once in January. It was owned for only approximately 51 days (WOW)! In December, unit #139-1 was bought for $420K, which if you follow Puamana real estate sales could be considered to be a steal, completely criminal if you look at the numbers…And last month that very same unit, which was listed as 940 sq. feet, sold for a not-so-criminal $590K ($628/sq ft).

Puamana street

Unit #167-2 – Closed on 1/22/2016 for $760KRecent remodel. After spending 213 days on the market one lucky buyer got nearly a brand new unit. This 2 bed/3 bath was renovated earlier this year with modern design and finishes. It was completely turnkey and sold furnished. The 167 building runs perpendicular to the ocean and is located a little further than midway through the neighborhood on Pualei Dr.

Unit #24-2 – IN ESCROW on 1/12/2016 list price $948K – A 2 bed/2 bath 981 sq. foot unit with the lofted-style 2nd floor and guest bedroom. Tucked away on Puamelia in a quiet location and within steps to the ocean. According to MLS records, unit #24-2 was remodeled in 1998 and has been on and off the market since mid 2014.

Puamana Gate (1)

The Stats

Want to Know More?

If you have questions or comments about this article, or want information on Puamana real estate opportunities including your home’s value, please feel free to contact me. Or visit my website, which contains comprehensive stats covering the last 22 years of Puamana sales history.

Thank you for reading.
– Aloha

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