Housing & Real Estate

A sense of the slowdown in real estate activity during the month of April is apparent in the Sales vs. Pending graph from January 2019 through April 2020. There were only eight fewer recordings in April 2020, including all the escrows that canceled in mid-March. Only 39% of deals went pending for April 2020 vs. April 2019, for a total of 106 vs. 271.

Our mission is to help people experiencing or at risk of homelessness build new lives through construction, community engagement, and education.

Wailea Realty Corp. + Windermere Real Estate has donated $5,000 to the Maui Food Bank so it can continue to provide hunger relief to residents in need.

Team Vacation-Maui, a vacation condo rental sales and management team, has pledged more than $100,000 in free short-term accommodations to the front-line workers fighting against COVID-19.

Gov. David Ige signed a fifth emergency supplementary proclamation that includes an eviction moratorium — which prevents any eviction from a residential dwelling for failure to pay rent. Previously, all eviction proceedings and pending eviction orders were suspended with the closure of the Hawai‘i State Judiciary during the COVID-19 crisis.

The bill aims to require that 201H affordable housing projects submitted to the county must consist of a minimum of 75 percent of the total units for individuals and families within very low, low, low-moderate, and moderate-income households.

OHA is urging renters who have lost income and are having trouble making rent payments to reach out to their landlords and seek payment options that will allow for some relief during this time.

Maui County Councilmember Michael Molina transmitted a proposed resolution to the County Council requesting a comprehensive affordable housing plan.

Homeowners with federally-backed mortgages can delay payments for a year. Moratorium on evictions for most renters until July.

High season in Maui real estate has arrived, and according to a report from Fidelity National Title & Escrow, home and condominium sales have increased from last year.

The median price for a single family home on Maui was $747,150 in February 2020, down -5.4% from the $790,000 reported at the same time last year, according to new information released by the REALTORS Association of Maui. 

The first residential opportunity within The Wailea Hills Collection is Laʻi Loa, which consists of 75 condominium residences spread across 15 modern buildings.

Maui has several areas with oceanfront homes: West Maui, South Maui, North Shore, East Maui and Central Maui.  As you will see below, the home prices and activity tend to be highest in the resort areas of West and South Maui, and along the North Shore.

With the recent enforcement and news of a large rental supply, we reached out to the Maui County Department of Planning, Zoning Administration & Enforcement Division to find out if there’s a place where the public can go to find out if rentals are vetted.

Hale Mahaolu will accept applications for Ewalu II, the second phase of its senior housing complex in Upcountry Maui, from Feb. 24 through 4 p.m. on March 6, 2020.

Maui County led the state in overall revenue per available room or RevPAR at $367 (up 11.1 percent), while the resort area of Wailea in South Maui had the highest RevPAR in the state at $611 (up 9.4 percent).

The first complete month of high season is done and home sales are up 33%; condo sales down 2% and land sales down 47%.

Participants will be working to complete the last five homes of Habitat Maui’s 10 single family affordable homes project in the Kahoma Residential Subdivision in Lahaina.

Paki Maui is an oceanfront resort condominium property located at the north end of Kāʻanapali, a proximately five miles north of Lahaina town.

The median sales price for a home on Maui is $741,355, up 5%; $515,500 up 3% for condos and $500,000 up 4% for land.

Just five more donors are needed to reach a fundraising goal of $10,000 for an affordable housing initiative launched by a high school senior on Maui.