“How’s the Market?” “Amazingly Busy!” Puamana September 2020 Report [With Surf Photos]
The Puamana real estate market is experiencing an extraordinary amount of activity, despite the mandatory 14-day quarantine for out-of-state and inter-island travelers. Currently, there are 8 properties for sale in Puamana, 3 pending sales, and 8 sales in 2020 so far. To put this in perspective, the average turnover in Puamana is 8 sales a year (3.5% turnover) yet by mid-September, we are on track for 11 sales by year-end 2020, during a pandemic! Click here for a Lahaina Market Update.
Mortgage interest rates are at all-time lows. So, purchasing power is extraordinarily high right now. Americans are moving out of the cities and attracted to our safe, gated community. The rare combination of historically low-interest rates and historically low inventory means that now might be an ideal time to sell property in Hawaii as well. What’s my Hawaii home worth? Try this free Hawaii Life home evaluation: Hawaii Life Client Services
Currently, there are three Pending sales in the third quarter of 2020:
136 3&4 Pualei; this 3 bedroom, 4 bath, double beachfront, 2,886 sqft, is pending at $5,498,000.
5-1 Puakukui; this 1 bedroom, 2 bath with ocean and clubhouse views, along the Kauaula stream, 642 sqft, is pending at $925,000.
71-3 Puapake; a 1 bedroom, 2 bath, 642 sqft with a large back patio by the mauka pool, is pending at $795,000.
23-4 Puamana; by the entry, a 1 bedroom, 2 bath with a loft, 992 sqft, just listed at $954,000.
55-4 Puapake; a 3 bedroom, 2.5 bath townhome, 1,790 sqft, just listed for $1,799,000.
20-3 Puailima; a 3 bedroom, 2 ½ bath townhouse with ocean views, 1,591 sqft, listed at $1,910,000.
58-1 Pualoke; a 3 bedroom, 2 ½ bath direct oceanfront townhouse on the Lahaina side of the property, corner unit, remodeled,1,510 sqft, listed at the end of March for $3,150,000. For more information, click here.
167-2 Pualei; a 2 bedroom, 3 bath 1,098 sqft townhouse with garden views, had a price adjustment to $959,900.
Three sales in Puamana in Q3 2020. During the pandemic, sellers or buyers are often off-island, so we are closing sales virtually. We can assist you with any real estate needs if you are not on Maui using mobile notaries for important items, electronic signatures, and virtual tours. See Hawaii Life COVID-19 Resources for more.
175-4 Pualoke just listed and sold for $835,000. This is an 800 sqft, 1 bedroom, 2 bath, near the entry gate.
254-2 Pualei; A direct oceanfront, 3 bedrooms, 2 1⁄2 bath townhome, 1,640 sqft, just sold for $2,500,000.
As our objectives are shifting, many of us are looking for a clean, sunny place to live or spend part of the year. No more FOMO! Puamana is a safe, gated oceanfront community with a private gym, 5 minutes from Lahaina town, and 30 minutes to Kahului Airport on Maui.
Thank you for reading! By Anna Severson, your resident real estate broker, homeowner, and full-time Puamana resident for the past 16 years! We bought our place, 167-3 Pualei drive, the year Zoe was born (2004), and now she’s in 11th grade at Maui Prep and surfing in some of these surf shots!
As always, please feel free to reach out anytime. Even if it’s just to “talk story” about real estate in Maui. 808-280-1390 or firstname.lastname@example.org