Market Spotlight: Kapalua Ironwoods 62 Beautifully Remodeled Ocean View Condominium Residence for Sale An aerial view of the Ironwoods, overlooking Kapalua Bay Course and Oneloa Bay to the South The Ironwoods is a small gated community comprised of just 10 buildings, each with four residences (in building 9, the two top floor residences were combined to make one larger residence).  Each residence has a detached garage, a rarity for oceanfront condominiums on Maui. Amenities at the gated Ironwoods community include a fitness center, recreation room, solar heated swimming pool and spa ..read more

Each month, the Realtor's Association of Maui publishes updates on the Maui real estate market.  The report notes: U.S. existing-home sales fell for the second month in a row, sliding 1.9 month-over-month and 1.9 year-over-year, according to the National Association of REALTORS® (NAR), with sales down in all four regions of the country. Higher borrowing costs and accelerating home prices continue to weigh on demand, pushing some prospective buyers to the sidelines and causing market activity to slump ahead of summer. New Listings decreased 4.3 percent for Single Family homes but incr ..read more

Introducing Kapalua Bay Villa 37B2-4, Kapalua Resort, Maui Where are the Kapalua Bay Villas located? Situated along the dramatic West Maui coastline, you'll find the Kapalua Bay Villas. The Kapalua Bay Villas has long been one of the Kapalua Resort’s favorite condominium communities. Consisting of 141 residences in 27 buildings, the Bay Villas are situated on 16.5 oceanfront acres in the heart of the Kapalua Resort. Built in 1977, the floorplans include spacious single-level living as well as townhouse-style one and two bedroom residences. The oceanfront and ocean view villas ov ..read more

Maui Property Taxes Fiscal Year July 1, 2024-June 30, 2025Changes: Classifications & Rates Each year, Maui County does two things: assesses the value of the property AND sets new rates for the upcoming fiscal year, which runs from July 1st-June 30th.  The Maui County Council has proposed the rates below for 2024-2025 as well as a summary of how they've changed over the years. Maui County Property Tax Rates 2024 vs Prior Years Rates are per $1000 of assessed value.  In 2020, the County introduced a new Tiered assessment.  Prior to that, there was a flat rate per the classific ..read more

Each month, the Realtor's Association of Maui publishes updates on the Maui real estate market.  The report notes: U.S. existing-home sales recently fell from a one-year high, dropping 4.3 month-over-month to a seasonally adjusted annual rate of 4.19 million, according to the National Association of REALTORS® (NAR), as higher interest rates and rising sales prices continue to keep some prospective buyers on the sidelines. Average 30-year mortgage rates have topped 7 in recent weeks, while the median existing-home sales price hit $393,500 as of last measure, a ..read more

Maui's Resort Areas: a 9 Month Review of the Market for Condos and Homes  How the past nine months compare with the same period in the prior year Maui has been slowly recovering in the wake of the tragic fire of August 8, 2023.  Many buyers and sellers have asked me how the market is doing, so I've compiled some data for both condominium and home sales by area comparing the period from 8/8/23-5/8/24 with the same period in 22-23. West and South Maui Condo Sales The statistics show that sales are down primarily in West Maui, with the condominium market in Kapalua hit the har ..read more

Maui's Hotel Zoned Condominiums On May 3, 2024, the Mayor of Maui County announced that he intends to submit a bill to the Planning Commission and the Maui County Council to phase out short-term rentals in the Apartment Zones.  Per the County of Maui's website: "the bill would phase out and repeal decades-old transient vacation rentals (TVRs) operating in the Apartment District, also known as the Minatoya list TVRs. These TVRs – numbering 7,000 units (2,200 of which are in West Maui) – would phase out West Maui units by July 1, 2025, and all other units countywide by Jan. 1, 202 ..read more

MAUI VACATION RENTAL (TRANSIENT ACCOMMODATIONS) & SHORT TERM RENTAL UPDATE: MAY 2024 Maui, like many places around the US that are popular vacation destinations, has grappled with affordable housing and workforce housing for decades. The wildfire that swept through Lahaina town on August 8, 2023 has highlighted the critical need for affordable housing in Maui County. Since the fire, the Hawaii State Legislature passed SB2919 on May 2, 2024.  It was signed into law by Governor Josh Green on May 4, 2024.  Per the governor's website,  "By addressing the ..read more

WAILEA CONDOMINIUM MARKET UPDATE: Q1 2024 Wailea Resort Condominiums Wailea Condominiums Wailea is home to several different condominium resorts, including the Andaz, Grand Champions, Ho'olei, Kai Malu, Kanani Wailea, Keala O Wailea, Palms at Wailea, Wailea Palms, Makalii, Papali, Polo Beach Club, Wailea Beach Villas, Wailea Ekahi, Wailea Ekolu, Wailea Elua, Wailea Fairway Villas, Wailea Point, and Wailea Town Center. Makena is home to the Makena Golf & Beach Club, Makena Surf, Na Hale O Makena WAILEA & MAKENA CONDO SALES Q1 2024 2023 2022 2021 2020 2019 Number of S ..read more

KAANAPALI CONDOMINIUM MARKET UPDATE: Q1 2024 Kaanapali Resort Condominiums Kaanapali Condominiums Kaanapali is home to several different condominium communities, with offerings ranging from studios to four-bedroom condominiums.  Located along Kaanapali Beach are the Kaanapali Alii and Whaler, and located on Kahekili are the Maui Kaanapali Villas, Honua Kai, Mahana and Maui Kai.  Surrounding the Golf Course, you'll find the Maui Eldorado, the Masters, Kaanapali Plantation, International Colony Club and Vintage. Kaanapali Resort Condos 2024 2023 2022 2021 2020 2019 ..read more