Maui Real Estate Statistics for April, 2024
Courtney M. Brown's Blog
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1w ago
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
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Maui's Resort Areas: a Nine Month Review of the Market
Courtney M. Brown's Blog
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2w ago
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
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Maui Short Term Rentals: a list of Maui's Hotel Zoned Properties
Courtney M. Brown's Blog
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3w ago
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
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Maui Short Term Rental Update: May 4, 2024
Courtney M. Brown's Blog
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3w ago
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
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Wailea Condominium Market Update: Q1 2024
Courtney M. Brown's Blog
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1M ago
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
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Kaanapali Resort Condominium Market Update | Q 1 2024
Courtney M. Brown's Blog
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1M ago
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
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Maui Property Taxes: Proposed Rates for Fiscal Year July 1, 2024-June 30, 2025
Courtney M. Brown's Blog
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1M ago
Maui Property Taxes: What is proposed for this year? Each year the county council reviews the proposed budget and sets property tax rates for the fiscal year (July 1, 2024-June 30, 2025) This year, the Mayor of Maui County has proposed increases to the Owner Occupant Rate, Residential Rate (real property improved with a dwelling, as defined in the comprehensive zoning ordinance, that would not be classified as “owner-occupied”, “hotel and resort”, “time share”, “short-term rental”, “commercial”, “industrial” or “commercialized residential”), Short Term Rental Rate. There are no proposed c ..read more
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Kapalua Resort Market Update Q1 2024
Courtney M. Brown's Blog
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1M ago
KAPALUA MARKET UPDATE: Q1 2024 Photo of the Montage Kapalua Bay: Montage Residences 3704 is currently listed for sale Image by HiFocused Kapalua Condominiums:  2023 in Review The Kapalua Resort is home to several different condominium communities, with offerings ranging from one to four-bedroom condominiums.  The Kapalua Bay Villas, Kapalua Ironwoods, The Coconut Grove on Kapalua Bay, the Montage Residences Kapalua Bay and the Ritz-Carlton Kapalua Residences are all oceanfront properties nestled along the Kapalua Resort's spectacular shoreline.  The Kapalua R ..read more
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Maui Real Estate Statistics: March 2024
Courtney M. Brown's Blog
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1M ago
Each month, the Realtor's Association of Maui publishes updates on the Maui real estate market.  The report notes: U.S. existing-home sales improved for the second month in a row, jumping 9.5 to a seasonally adjusted annual rate of 4.38 million units, exceeding economists’ expectations and marking the largest monthly gain in a year, according to the National Association of REALTORS®(NAR). The rebound in home sales comes amid fluctuating mortgage rates and elevated sales prices, indicating there is plenty of buyer demand heading into the spring selling season. New Listings increased 1 ..read more
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Maui Real Estate Spotlight: Alaeloa 44
Courtney M. Brown's Blog
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2M ago
Introducing Alaeloa 44 Alaeloa is a hidden gem nestled along the picturesque coastline of Napili.  This tranquil and idyllic enclave is home to just 42 residences situated on 13 beautifully landscaped oceanfront acres.   Alaeloa 44 is a beautifully renovated two bedroom residence with vaulted ceilings and a spacious lanai with views of the ocean and the neighboring island of Molokai.  Nestled in a mango grove, the property has the charm and feel of Old Hawaii. Stunning Views  Stacking glass doors create a seamless living experience between ..read more
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