Housing & Real Estate

Reta Chin from Fidelity National Title shares six important things to know about wire funds.

The Maui Financial Opportunity Center, launched as a public-private partnership between Maui County, Hawai‘i Community Foundation and Hawaiian Community Assets, has reached its first-year goal of working with more than 1,000 local families to improve financial stability in order to qualify for affordable housing.

The Maui real estate market remains strong heading into the holiday season, with the median sales price for condominiums up 29% to $725,000 and single family homes up 16% to $989,000 for November 2021, according to statistics released by the REALTORS Association of Maui.

As a 501(c)3 nonprofit, HUD-approved housing counseling agency, HCA builds the capacity of low- and moderate-income families to achieve and sustain economic self-sufficiency, with a particular focus on Native Hawaiians.

Oprah Winfrey is back again at shopping for Maui real estate, as the billionaire media mogul has recently purchased a three-acre property in Kula on Maui that’s adjacent to the other properties she owns on the Valley Isle, according to public records.

Amazon founder and executive chairman, Jeff Bezos reportedly purchased a remote 14-acre oceanfront estate  – 12 miles south of Kīhei – the property surrounded by rocky lava fields and state parkland. 

The median price of a single family home on Maui in October was $932,500, up +7.5% from the same time last year. The median price for a condominium home was $672,500, up +13.2% over the same period.

Coldwell Banker Island Properties welcomes Mary Anne Fitch and Associates to the brokerage’s Global Luxury division and International Luxury Alliance. In this alignment of two real estate powerhouses, Fitch will join the firm as a senior partner. 

“We are thrilled to have established a presence for Realogy Title Group in the Hawaiian Islands. The Ho’okele team shares our passion for providing exceptional client experiences, and the local knowledge they bring to this partnership is invaluable.”

The Maui real estate market remained hot for September 2021, with the median sales price for single-family homes at $996,500 (27.3% higher than a year ago) and $729,125 for condominiums (a 46.6% increase from September 2020), according to statistics from the REALTORS® Association of Maui.

The Oʻahu real estate market set record highs for September 2021 with the single-family home median price rising to $1,050,000, 19% higher than a year ago, and the condo median price rising by 8% to $480,000, according to the recent Oʻahu Residential Real Estate Report published by real estate firm Locations.

Maui real property taxes are due twice a year – August 20th and February 20th – and they are calculated based on the assessment of the property and how the property is used.

The Hale Mahaolu Ke Kahua Affordable Housing Community is proposed to be developed as 100% affordable, providing rental housing for residents earning 60% or less of the Area Median Income.

The live-streamed event is part of an ongoing monthly series designed to inform and inspire prospective homebuyers, particularly first-time buyers, in Maui County.

Maui County real estate continued to be a sellerʻs market for August 2021, with 121 single family homes selling at a median sales price of $1,040,000, a 30.2% increase from a year ago but $5,000 less than last month, according to statistics from the REALTORS Association of Maui.

Global real estate brokerage, The Agency, announced the launch of its first franchise office in Hawaiʻi on the island of Maui.

Applications are currently being accepted for the second phase of Kahului Lani, an affordable senior rental complex developed by Catholic Charities Housing Development Corporation in Central Maui. Kahului Lani provides seniors, ages 55 and over, who earn 60% or less of the county median income with an affordable permanent living option, offering complementary amenities so residents can “age in place.”

Alaula Builders will hold a lottery to select the applicants who will be offered an opportunity to secure one of the 40 units at Hale Kaiola, an affordable workforce development in North Kīhei. Applications are now being accepted for the lottery.

The REALTORS Association of Maui is hosting a free event for prospective homebuyers on Facebook Live on Wednesday, Aug. 11, at 7 pm.

The median sales price for single-family homes remained over $1 million in July at $1.05M, down only slightly from an island-wide record high of June 2021 ($1,117,500).