Maui median reaches $1,325,000 with single-family homes showing steady sales, price growth
Maui Now » Real Estate
by Wendy Osher
2d ago
August 2024 saw Maui’s housing market exhibit contrasting trends, with single-family homes experiencing both a rise in sales and an increase in median prices, according to the latest data from the Realtors Association of Maui. The median sales price for single-family homes increased by 10.4% compared to August 2023, reaching $1,325,000, indicating continued demand at higher price points. Meanwhile, condominium sales dropped by 34.7%, though the median price for condos surged to $1,000,000, a 33.3% increase ..read more
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Short-term rental phase-out remains in South Maui Community Plan update
Maui Now » Real Estate
by Brian Perry
2w ago
Maui Planning Commission members breezed by a proposed policy statement in the draft South Maui Community Plan update Tuesday evening, agreeing by consensus that the plan would aim to increase long-term residential housing by phasing-out short-term rentals from Māʻalaea to Kanaio ..read more
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Draft short-term vacation rental policy heats up debate of South Maui Community Plan update
Maui Now » Real Estate
by Brian Perry
3w ago
Maui Planning Commission members will take up the draft South Maui Community Plan update on Tuesday, and it comes with a very hot potato -- a policy statement to increase residential housing by phasing-out short-term vacation rentals ..read more
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Condo closings fall in wake of short-term rental phase-out bill announcement
Maui Now » Real Estate
by Brian Perry
1M ago
Closings of condominium sales have dropped by double-digit percentages in the three months since Mayor Richard Bissen announced a proposal to phase out thousands of short-term rentals in apartment-zoned districts, according to monthly statistics from the Realtors Association of Maui ..read more
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$33 million beachfront estate in Wailea-Mākena to auction
Maui Now » Real Estate
by JD Pells
1M ago
A beachfront estate in Wailea-Mākena, Maui, Hawaii, is set to hit the auction block next month via Concierge Auctions. The estate, 4610 Mākena Road, is listed at $33 million and will be presented in cooperation with Nancy Callahan of Coldwell Banker Island Properties and Paul Stukin of Deep Blue HI ..read more
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Maui County’s vacation rentals at 49.3% occupancy in June, down double-digits from last year
Maui Now » Real Estate
by Brian Perry
1M ago
With the largest supply of vacation rentals in the state, Maui County's unit demand and occupancy rates are down in double-digits since last year and 2019, before the COVID-19 pandemic struck, according to a report for June by the Department of Business, Economic Development & Tourism ..read more
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Maui Planning Commission advances vacation rental phase-out bill
Maui Now » Real Estate
by Brian Perry
1M ago
An aerial view shows an overview of central Kīhei in South Maui. The region has a majority of the apartment-zoned units that would be impacted by a bill to phase-out vacation rentals in apartment districts. PC: Screen grab, Hawaiʻi Housing Finance & Development Corp. staff report The Maui Planning Commission heard more than seven hours of often impassioned testimony Tuesday, then deliberated nearly three hours before advising the Maui County Council to approve a bill to phase-out 7,000 short-term rentals in apartment districts, mostly in South and West Maui. In the end, the commission vote ..read more
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Another Maui family celebrates dreams of homeownership through Nā Hale O Maui
Maui Now » Real Estate
by Wendy Osher
1M ago
Jen, Kūmoanaākea, Richard, and Keolaonākai’elua at the key presentation of their new Wailuku home. PC: Rylee Sparling (KSM 2026) “Changing lives, one house at a time” is not just Nā Hale O Maui’s motto; it’s a heartfelt promise they deliver on and fulfilled for the Mather family who received the keys to their new Wailuku home on Wednesday, July 17, 2024. The Mathers, like many Maui families, dreamt of homeownership for years. Their journey included participating in Nā Hale O Maui’s four-step program to become a qualified buyer. The Mathers went through a blind selection process as the family m ..read more
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Maui single-family home prices rise to $1.35 million in June while condos remain at $980,000
Maui Now » Real Estate
by Brian Perry
2M ago
A rising sun casts shadows across the oceanfront lawn abutting the Maui Sunset vacation rental apartment complex Tuesday morning near Waipuilani Park in Kīhei. The Realtors Association of Maui reports that the volume of condo sales in Maui County dropped 36.6% in June, compared to the same month a year earlier. Prices remained stable. PC: Brian Perry The price of a single-family home in Maui County soared to $1.35 million in June, up 30.8% over the same month last year, the Realtors Association of Maui reports. Meanwhile, condos remained virtually unchanged at $980,000. Sales volume showed som ..read more
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Barcelona reins in vacation rentals to protect housing for residents
Maui Now » Real Estate
by Brian Perry
2M ago
The Museu Nacional d’Art de Catalunya is one of many popular visitor attractions in Barcelona, Spain. The European city established during the ancient Roman era has some of the world’s most restrictive vacation rental rules. PC: Screen grab from Resonance Consultancy’s World’s Best Cities Report 2024 Just as Maui County is seeking to phase out transient vacation rentals in apartment-zoned districts, the European city of Barcelona, Spain, has imposed some of the most restrictive vacation rental rules on the planet, according to the World’s Best Cities Report 2024. According to an article in Wan ..read more
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