Issue 1158 | June 10th, 2025
Aloha ,
Maui Real Estate Market Update – May 2025
As we wrap up May, Maui’s real estate market continues to evolve, revealing a shift toward a more buyer-friendly environment. The number of days on market for single-family homes rose to 109, and with inventory levels reaching 4.9 months, buyers are gaining more leverage. Notably, 55% of homes sold below list price, often by about $150,000 — signaling greater negotiation power and softer pricing trends, especially in the lower end of the market.
The condo market remained steady, with little change month-over-month. However, Kihei stood out as the strongest performer, with a 61% increase in condo sales compared to the same time last year. Keonekai Villages led Kihei’s activity with three units sold at a median price of $555,000.
In the luxury segment, South and West Maui continued to attract premium buyers, with multiple sales in the $2.5M–$6M range.
Want the full breakdown, stats, and neighborhood insights?
Mahalo Nui Loa,
Ken Smith R(S), Melissa Smith R(B), and Gregory P Smith R(B)
The Smith Team
P.S. Minatoya Hearing Recessed Until June 18 – Testimony Continues.
Market Watch
|
Active |
Pending |
Sold |
Change |
Homes |
431 (377) |
118 (81) |
695 (523) |
-10 |
Condos |
877 (337) |
74 (20) |
725 (291) |
NC |
Land |
191 (78) |
27 (8) |
157 (61) |
+2 |
Total |
1499 (792) |
219 (109) |
1577 (875) |
-8 |
1. Numbers in parentheses reflect listings over $1M
2. Sold listings are for the previous 12 months
3. Change is the increase/decrease from the previous week
January 2025
February 2025
March 2025
April 2025
May 2025
Market Statistics
Updated list of all bank-owned and short-sale properties:
Bank-owned
Short sale
Homes Over $1M
115 Kumula'au Ohia Loop
Wailuku
$1.45M (FS)
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This exquisite home is a true gem, showcasing countless upgrades and meticulous care throughout. From the moment you step inside, you’ll notice the thoughtful enhancements, including beautiful hardwood floors, elegant crystal chandelier and pendant lighting.
Customer Listing Synopsis
Video Tour
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18 Luanaiki Place
Kihei
$1.485M (FS)
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Charming 3 bedroom home in Prime Keonekai Heights Location. Nestled in the highly sought-after Keonekai Heights neighborhood of South Kihei, this single-level, 3 bedroom, 2 bathroom home offers a perfect blend of convenience and tranquility.
Customer Listing Synopsis
Video Tour
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561 Kaleo Place
Kihei
$2.39M (FS)
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This is the property savvy buyers have been waiting for, a perfectly proportioned main residence, private guest cottage, sparkling pool, and legendary views. The reasonably-scaled 1,424 sq. ft. main home feels much larger thanks to soaring vaulted ceilings and open concept design. Expansive sliding glass doors connect this open interior to a generous 300+ square foot lanai.
Customer Listing Synopsis
Video Tour
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33 Hana Highway
Paia
$11.9M (FS)
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This remarkable property unites modern elegance with timeless allure and is perfect for the discerning buyer. As you enter the private gate, you're welcomed by an expansive 28,000 sq ft compound with lawns that stretch directly to the sandy shoreline and surf break. The heart of this haven is the main residence, a custom plantation-style home featuring 5 bedrooms and 3 luxurious baths.
Customer Listing Synopsis
Video Tour
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Homes Under $1M
346 Alahee Drive
Wailuku
$600K (FS)
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Built in 1936, this unique property once served as the Okinawa Kenjinkai gathering hall a meaningful part of Maui's local heritage. Featuring high ceilings and 1,032 sq. ft. of interior space, the home offers a peekaboo ocean view from the back room. The lot offers parking for up to 4 vehicles, the property also includes generous storage space beneath the house.
Customer Listing Synopsis
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119 Kupalaiki Loop
Kihei
$899K (FS)
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The home features a functional layout and has been cared for over the years. Select updates have been made throughout, while still leaving room for your personal touch to truly make it your own. Enjoy two separate yard spaces a welcoming front yard and a fully fenced backyard that offers privacy and room to grow.
Customer Listing Synopsis
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70 North Lanikai Place
Haiku
$980K (FS)
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The property features a 3 bedroom, 1 bath home with approximately 990 square feet of living space. While the home is in need of a full restoration, it provides a footprint for you to restore and customize to your tastes. Surrounded by nature, this peaceful setting is ideal for those seeking privacy, room to roam, or space for agricultural use.
Customer Listing Synopsis
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534 Kaikoo Place
Wailuku
$999.9K (FS)
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Beautifully remodeled home just one lot off the shoreline in Wailuku/Paukukalo. 534 Kaikoo's flexible floorplan offers a 3 bedroom 2.5 bath downstairs and a studio with full bath upstairs perfect for extended family.
Customer Listing Synopsis
Video Tour
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Vacation Condos Over $1M
Wailea Ekahi 25-C
Wailea
$1.1M (FS)
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This charming, private ground-floor 1 bedroom, 1 bathroom end-unit is flooded with natural light and has been meticulously maintained. From the spacious living area, kitchen, and extended tiled lanai, you'll enjoy beautiful views of the lush garden. The unit perfectly blends indoor and outdoor living, with direct access from the kitchen that's ideal for alfresco dining.
Customer Listing Synopsis
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Koa Lagoon 504
Kihei
$1.25M (FS)
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Looking for breathtaking sunsets and outer island views? Find them at Koa Lagoon #504, a rarely available 2 bedroom 2 bathroom unit featuring vistas to the islands of Lanai and Kahoolawe. Take in expansive views of the ocean and beachfront, and the West Maui Mountains, from the large lanai, living room, kitchen and dining room.
Customer Listing Synopsis
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Wailea Ekolu 1705
Wailea
$1.5M (FS)
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Situated on the prestigious Wailea Blue Golf Course with stunning ocean views, this modern single level 2 bedroom, 2 bath ground floor residence is located in Wailea Ekolu. Open-concept design with luxury gray vinyl plank flooring throughout.
Customer Listing Synopsis
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Makena Surf F-108
Makena
$4.695M (FS)
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This ground floor 2 bedroom, 2 bathroom luxury condominium is just steps to the beach with unobstructed ocean views. Features include a spacious open floor plan with the living, dining and kitchen areas opening to an expansive lanai and grass area for seamless indoor/outdoor living.
Customer Listing Synopsis
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Vacation Condos Under $1M
Kalama Terrace L-204
Kihei
$445K (FS)
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This charming 1 bedroom, 1 bath unit. This condo features a newer gas stove and refrigerator, along with granite counters in the kitchen and updated wood cabinets, tiled shower walls, and tiled floors throughout. Enjoy the view of the peaceful grounds from your covered lanai area. The unit comes fully furnished.
Customer Listing Synopsis
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Valley Isle Resort 1002-B
Kahana
$575K (FS)
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This 1 bedroom, 1 bath condo offers sweeping views of the Pacific and the calming sound of waves just outside your window. Set among lush tropical landscaping, the spacious 768 SqFt interior offers a relaxed island atmosphere perfect for recharging and enjoying Maui at your own pace.
Customer Listing Synopsis
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Kihei Garden Estates B-102
Kihei
$649K (FS)
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Updated ground-floor condo in the Heart of Kihei. Just steps to the beach. Welcome to Kihei Garden Estates B-102 a quiet, inner courtyard, 1 bedroom, 1 bathroom condo just a short stroll from the beach, top-rated restaurants, and shopping.
Customer Listing Synopsis
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Kihei Alii Kai C-108
Kihei
$899K (FS)
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Beautifully renovated ground floor, single level, end unit 2B/2B hotel zoned vacation rental at desirable South Kihei Alii Kai resort. Upgrades include a renovated kitchen with stainless steel appliances and new cabinets, new ceramic tile flooring, walk-in shower and split system A/C with 3 zones.
Customer Listing Synopsis
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Residential Condos Over $1M
Keala O Wailea 7-203
Wailea
$1.75M (FS)
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Experience elevated island living in this beautifully designed 2 bedroom, 2 bath condo at Keala O Wailea. Perched on the 2nd floor with elevator access, this unit features an open-concept layout with a gourmet kitchen, stainless steel appliances, central AC, and a spacious lanai perfect for relaxing, entertaining, or sunset dining.
Customer Listing Synopsis
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Wailea Palms 3807
Wailea
$1.295M (FS)
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Wailea Palms ground floor ocean view retreat in this exclusive residential gated community. Enjoy beautiful ocean views from this spacious 1032 sq ft, 1 bedroom 2 bath condo. Situated on the ground floor for easy access, this condo features custom paint and fixtures throughout. Perfect as a long-term rental investment or your own private haven.
Customer Listing Synopsis
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Residential Condos Under $1M
Harbor Lights C-203
Kahului
$199K (FS)
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Unit C203! This budget-friendly opportunity offers an excellent entry into Maui’s real estate market, ideal for investors or buyers looking to add value. A major renovation in 2021 upgraded the kitchen, bathrooms, and added stylish, durable tile flooring throughout.
Customer Listing Synopsis
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Iao Gardens 212
Wailuku
$395K (FS)
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This is a rare find! Welcome to your next home or investment opportunity in the heart of Wailuku Town. Close to medical facilities, restaurants, state offices, and beautiful Iao Valley State Park. Owner has completed several updates, including new paint, doors, room divider, air conditioning unit and beautifully refinished wood flooring. Dishwasher and Washer/dryer upgraded in 2022.
Customer Listing Synopsis
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Kihei Shores C-004
Kihei
$445K (FS)
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This clean and charming downstairs unit at Kihei Shores is private, cool, and quiet. Located near the west corner of the C building, this unit features direct access to the green belt from the ground floor lanai. Noteworthy upgrades include stainless steel appliances, hardwood cabinets, tile flooring throughout, full-size washer and dryer, living room A/C unit, remodeled bathrooms, and smooth (no popcorn) ceiling.
Customer Listing Synopsis
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Kamani at Kehalani 23
Wailuku
$949K (FS)
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Tucked into the slopes of the West Maui Mountains, this beautifully remodeled 3 bedroom, 2 bathroom townhome offers 1,425 square feet of bright, open living space. Inspired by farmhouse-cottage charm, this inviting space welcomes you to slow down and relax. From the moment you walk in, natural light pours through the windows, drawing you into the upstairs living area.
Customer Listing Synopsis
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Vacant Land
37 Alohi Place
Makawao
$299K (FS)
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Welcome to this peaceful, vacant unit with 3,681 sqft located minutes away from the Pukalani park and shops, and ready to build. This unit B of a 3-unit CPR is the perfect opportunity to build your home, with a shared county water meter in place and a recently installed septic system. Waiting for the final approval of the building permits.
Customer Listing Synopsis
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