Housing & Real Estate

A Balinese and Hawaiʻi-inspired beachfront home in Keawakapu, Maui is on the market, listed at $38 million. According to the data available through the REALTORS Association of Maui, there have only been three sales above the $30 million mark in the history of Maui home sales.

The program provides first-time homebuyers with down payment and/or closing cost assistance of up to 5% of the home purchase price, not to exceed $30,000. Applicants will be selected through a lottery drawing process.

The Comprehensive Affordable Housing Plan, created and presented by Hawaiian Community Assets, involves a five-year overhaul to the county’s affordable housing approach that would bring in 5,000 homes, offered to two-year Maui residents who are under 120 percent area median income.

A Final Environmental Assessment with a Finding of No Significant Impact determination was made for the Hale Pilina Family Affordable Rental Housing Project proposed for development in Kahului, Maui.

A Comprehensive Affordable Housing Plan was delivered to the Maui County Council that provides a roadmap for building 5,000 affordable homes for local renters and homebuyers in the next five years.

The mayor says his decision is expected to incentivize developers to build more units sooner by offering greater certainty to those seeking to build affordable rentals and attainable workforce housing.

The Maui County Council passed a moratorium on building permits for new visitor accommodations in South and West Maui in a 6-2 vote Friday.

“With more than 7,600 visitors coming to Maui each day, we are far exceeding the guidance of our Maui Island Plan, which states that there should be only one visitor for every three residents,” said Paltin, who chairs the committee.

In a 5-0 decision, the Hawai’i Supreme Court recently upheld the integrity of the Coastal Zone Management Act in a case involving the Kahoma Village Project in West Maui.

Reta Chin from Fidelity National Title and Escrow shares her tips on warranty deeds and the transfer of a real estate property if you are a buyer or a seller in the transaction.

Habitat for Humanity Maui’s current and upcoming projects include critical repairs and retrofits for struggling homeowners, new construction home builds for Hawaiian Home Lands lessees, and in the near future a new construction development in Hāna, Maui featuring 25 single family homes.

“The Hale Kaiola development represents a major step forward for kamaʻāina-first housing on Maui, helping to ensure that the island’s citizens have an equitable chance to become homeowners amidst the ongoing challenges of escalating prices and a lack of inventory,” according to a builder announcement.

In May 2021, with inventory low and buyer demand high, the median sales price for single family homes in Maui County increased to an historic high of $1,039,000 — a 30% increase from one year ago, according to data from the Realtors Association of Maui.

When you go to sell or refinance your property and you own your property in either a trust, LLC or corporation, know that the title company are going to ask you for the following information.

Cushman & Wakefield announced today the firm has been hired to sell two residential and commercial sites totaling approximately 458 acres within the Maui Lani master planned community in Kahului on Maui.

April 2021 was another strong month for home sales on Maui, with the median sales price for a single home increasing 30.3 percent from a year ago to $983,500 and for condominium homes the median sales price increased 15.4 percent from a year ago to $695,000, according to the latest report from the REALTORS® Association of Maui.

In a typical real estate transaction, there is an initial deposit, an additional deposit and final funds. In Hawai’i, for the initial and additional deposit, title companies will accept personal checks – if there is enough time for the check to clear the bank before the date of recordation.

Maui County Mayor Michael Victorino has vetoed Bill 10 also known as the “Affordable Housing” bill, saying it would intensify scarcity of housing for county residents.

A new workforce affordable housing project in South Maui goes to market this weekend with homes ranging from $329,000 to $638,000.

The County of Maui Department of Housing and Human Concerns is presenting a series of free online training seminars on fair housing in April. Seminar participants are limited to 1,000 attendees per session and prospective participants must register by March 29, 2021.