One of the first things to consider when purchasing on Maui is whether or not the climate suits your needs. Maui offers roughly 23 microclimates where weather can differ on either side of a neighborhood.
There are many reasons you may be selling your home. It could be a change of job, children having grandchildren, or the need to free up cash for the short term
Why are you considering selling your Haiku Home?
There are many reasons you may be selling your home. It could be a change of job, children having grandchildren, or the need to free up cash for the short term. Whatever it may be, you need to know the facts and helpful steps to getting your home sold in the time frame that suits your specific situation.
Haiku Maui Buyers
It can be hard to remember what it was like when you purchased a home. I can assure you that being on the buying end has just as many emotions and anxieties attached to a sale as the selling side. I always tell the seller to be ready for questions, have your home in tip-top shape, and give the buyer little to no reason for second-guessing the condition of your home. Haiku has beautiful landscapes and vegetation, with that comes varying weather, make sure that weathering doesn't show on your home. In the best case scenario, you can have an inspection, inspection report, and repairs done prior to listing. If for any reason there is something that will not be repaired (not seeing the return on investment or not enough cash funds to make the repair) then we have the information up front, and working with it from step one seems less intimidating. In a nutshell, identify the target market for your home and present it so it attracts that buyer.
Understanding Your Haiku Maui Home
I'm not talking the location of light switches when its dark and you're fumbling to the bathroom, I mean know what's really there. On countless occasions, we have to be the bad guy and let sellers know that half of their house is not permitted. Even in that instance, it's not the end of the world, but knowing what we have to deal with upfront can save heartache at the end of a transaction.
What I start with:
- Zoning and Flood Confirmation Form. Haiku has a multitude of zoning possibilities (agricultural, substandard agricultural, residential, etc.)
- A physical visit to the home to see what is on site.
- A look through multiple county sites to cross-reference permits and plans.
- Do you have a cesspool or septic?
Another portion of knowing your home is knowing the highest and best use of each scenario (zoning, number of lots being sold, dwellings on the lot, etc). It's important to stay up to date on state and county law to really maximize your possibilities.
Haiku Maui Sales Statistics
1. How many months of inventory are on the market?
Months of inventory shows you exactly how saturated the market is. It essentially tells you that if no new homes were to come onto the market it would take x many months to sell every house within that data group. The higher the number the more homes are sitting on the market, this is a great indicator of how aggressive you need to be.
2. Percentage of list vs sold price.
This statistic is important when receiving offers and negotiating. It's also good to know that this stat can be skewed. The data is gathered from the most recent list price, not the original list price. A seller, over the life of having their home on the market can lower the list price as much as they wish. When reading this statistic know that the sold vs list percentage is actually much lower. At any rate, this statistic still has value showing any owner looking to sell that although there are scenarios where you do get full price, it's not guaranteed. So consider this when you initially list your home.
3. Days on market.
Lower listing prices bring a larger pool of buyers, which translates to fewer Days On Market. This is due to more competition within the larger buyer pool (lower price point), you have first time home buyers, investors, people downsizing, etc. The added competition creates a feeding frenzy and if priced/marketed correctly means competing offers. If you're feeling antsy as a seller just remember to look at this statistic and take a deep breath, going beyond the average days on market is very common. Weather, current events and the economy change overnight, so does the real estate market. If you want to sell within the normal time frame go within the average adjusted price when determining value. If you want to sell faster, then go on the low end. If time is not of the essence, and you're are wanting to test the market, then go above the adjusted average value for your home. If you would like to know more about how we determine home values, give us a call.
Our Team Sells Many Haiku Maui Properties
I say, team because I am a true believer in knowing your imperfections. You want people to work alongside you that can cover your weaknesses and shine in areas they enjoy and excel in. Our team, "The Stice Team" has over 45 years of Maui real estate experience and a multitude of skill sets. Whoever you choose to represent your home, must know the market, know the buyer, be able to reach that buyer, and facilitate a sale with the least amount of stress and setbacks. See what our clients have to say about us.
Why We Love This Home
Our team has been selling homes on Maui for 40 years and this listing could be one of our favorites...
160 Nahele is located in Haiku on Maui's North Shore. It's 25 minutes from the airport and 10 minutes from one of the best surfing/windsurfing locations in the world, Hookipa. When big winter swells arrive you can even hear the boulders being rolled by Peahi/Jaws just a half mile away. Haiku has tons of great restaurants (my favorite is Nuka Sushi), shopping and even a gym. If you're looking for a country lifestyle that is not too far removed, Haiku might be your cup of tea.
A photo of Jaws/Peahi I took a few years back
We are actually selling two lots as a package that are owned by the same entity. The first lot is a 4.22 acre lot with a 4 bedroom/3 bath main home and 2 bedroom/3 bath cottage/ohana, the smaller lot is an adjoining .68 parcel. We are in process of a lot line adjustment, our intent is to have both homes remain on the same lot and adjust the smaller lot to be a 2 acre parcel. Doing this would leave us with the house and cottage on 2+ acres and another 2+ acre lot that would allow another house and cottage. The vacant lot would need to be on water catchment being that the water meter would stay with the original lot. With the vacant lot being two agriculturally zoned acres you could build a full size 1,000 sq. ft. cottage along with a main home. There are over 300 palms growing as nursery stock on along with a multitude of other plants trees such as coconuts and mango. According to the University of Hawaii Rainfall Atlas, 160 Nahele receives 54.81 inches of rain annually, that's pretty ideal for farming and greenery.
Aerial View of Lot And Palm Nursery
The main home was built in 1985 and remodeled in 2011. It's a 4 bedroom/3 bathroom pole house with an amazing view from both levels and the in ground pool. The roof was replaced in 2015 giving it fresh and functional facelift. Tracy (my business partner) even milled some of the Koa kitchen cabinets back in the '80s from his mill on the big island, it's hard to find wood working of this level any longer. A huge benefit to being a "pole home" is the open space, the 2,500 sq. ft. of interior living feels more like 3,000. This home was previously a licensed bed and breakfast, check out this article from 2012 when we sold it last.
Center pole in the living room with Koa cabinets in the background
I live about 1 mile from this location and if I had a home to design specifically for Haiku I would incorporate the high ceilings and open floor plan from this home for air flow and light.
View from the living room and second story lanai
Pool at the main house
What's not to love about it? Even though this cottage was built in 2004 it feels like you're walking into a painting of a 1920s plantation home. The covered lanai in the back is the perfect dining area and even better for hosting cozy get-togethers. The 2 bedroom/2 bath layout leaves multiple possibilities, you can lock off the center of the house and enter from either side (it's perfect for friends, family, and visitors who want their own space), it essentially creates two divided spaces.
Ohana Kitchen and Dining
Want To Know More About Haiku?
I hope you feel the same way we do about 160 Nahele. I love living in Haiku, give me a call and we can talk about why.
Why The Stice Team?
The Stice Team has over 45 years of Maui real estate experience. Both Tracy and myself are involved with the Board of Realtors at the state and local level, volunteering on Government Affairs, Technology and multiple other committees. We stay in front of real estate issues and love using our local knowledge to assist our clients. Give us a call, we would love to help with your real estate needs.
Tim Stice-Realtor Broker
Recently I've had many clients approach me about the new subdivision off Haiku Rd. I dug up what I could find through permits and and title searches and here are my findings. Any plans in with the county could change, but this is what I can currently find.