Median Sales Price for Single Family Home on Maui Increased to $983,500 in April
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.
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Tips For a Smoother Real Estate Transaction: Escrow Number and Types of Funds
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.
Mayor Michael Victorino Vetoes Bill 10, Says it Will “Intensify Scarcity of Housing”
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.
New Kīhei Wailani Village Affordable Workforce Housing Project Planned in South Maui
A new workforce affordable housing project in South Maui goes to market this weekend with homes ranging from $329,000 to $638,000.
Registration Open for Free Online Fair Housing Training Seminars Set for April
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.
Maui’s Vacation Rental Occupancy Climbed to 52.4% in February; Highest during Pandemic
In February 2021, Maui County’s vacation rental occupancy climbed to 52.5 percent, which is down 35.1 percentage points from a year ago but the highest rate since the start of the pandemic last March.
Maui’s 2020 REALTOR Salesperson of the Year is Kim Insley-Morrell
Real estate agent Kim Insley-Morrell of Coldwell Banker Island Properties was named 2020 REALTOR® Salesperson of the Year by the REALTORS® Association of Maui.
Bill Appears Dead that Seeks Development of Kaka‘ako Makai for Native Hawaiian Housing
House Speaker Scott Saiki today said that the House will not advance Senate Bill 1334 related to the Office of Hawaiian Affair’s request to use land at Kaka’ako Makai for residential development.
Mortgage Loan Deferral Extended for DHHL Borrowers Through June 30
The Department of Hawaiian Home Lands extended the postponement of mortgage loan payments for DHHL direct loans and loans assigned to the department for an additional three-month period through June 30, 2021.
Maui Budget Chair Lauds Further Tax Reform
The ordinance provides an exemption of up to $200,000 for homeowners who qualify by renting long-term and a new tax classification and corresponding tax rate for long-term rentals.
New Real Property Long-Term Rental Exemption Takes Effect Jan. 1, 2022
Effective on Jan. 1, 2022, real property occupied as a long-term rental with a signed contract to lease for 12 consecutive months or longer to the same tenant, may qualify an owner for an exemption of up to $200,000.
One Area of Maui’s Pandemic Economy Is Surprisingly Booming: Real Estate
While Maui tourism is struggling to climb to pre-pandemic levels of a year ago, the Valley Isle’s real estate industry is surprisingly booming with a record high $980,000 median sales price for January.
Proposed Resolution Urges Mayor to Grant Water and Sewer Credits to DHHL Lots in Lahaina
Councilmember Tamara Paltin has introduced a resolution for Friday’s council meeting, urging Mayor Michael Victorino to grant water and sewer credits to the Department of Hawaiian Homelands for homestead and agricultural lots in Lahaina.
Affordable Housing Survey Seeks Input From West Maui Community
The West Maui Taxpayers Association is conducting a survey focused on understanding the opinions and attitudes of community members who currently live or work in West Maui and where they would like to see housing built for their families.
Information Needed for Cultural Impact Assessment of Wailuku Affordable Housing Project
The parcel is located on land fronting the west side of Kuikahi Drive, from the water tank to a point opposite Kehalani Mauka Parkway.
REALTORS® Association of Maui’s January 2021 Report Shows Strong Housing Market
The REALTORS® Association of Maui has released January real estate statistics for Maui County that shows the year 2021 starting off strong for the housing market, with healthy buyer demand and strong market fundamentals.
DHHL Rental Relief Program Receives $2.4M Boost
DHHL’s COVID-19 Emergency Rental Assistance Program will provide eligible renter households with payments for security deposit, rent, rental arrears, utilities and home energy costs, utilities and home energy cost arrears, and other expenses related to housing incurred due to the COVID-19 outbreak.
Derek Lau Named Hawaiʻi REALTORS® President for 2021
The Hawai‘i REALTORS® trade organization has named Derek Lau as its 2021 President.
VIDEO: Tips to Get Your Estate In Order for How You Hold Your Real Estate Property
If COVID has taught us something, it has perhaps motivated you to get your estate in order for how you hold your real estate property.
Public Meetings Scheduled for Maui Housing Plan To Build 5,000 Affordable Family Homes
Leaders of the local nonprofit Hawaiian Community Assets (HCA) and Realtors Association of Maui (RAM) recently discussed the affordable housing plan currently under development for the County of Maui. A series of virtual meetings are scheduled for public input.
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