#fidelity national title

Overall, the total dollar volume of residential homes sold in the third quarter fell $1.428B, a 23% decrease compared to the third quarter of 2021. The previously total dollar volume was $1.841B.

Homes and Land Magazine along with several invited sponsors, honored 2022 Maui’s Top 3% REALTORS (based on 2021 production). With over 1,900 agents, 58 of Maui’s top producing agents were gathered in the first person event since the in person restrictions due to the Covid mandates set by the County.

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

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.

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.

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.

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.

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.

SPONSORED: Here on Maui, even in the midst of all these changes and with the mandatory 14-day quarantine – which has basically cut off tourists from visiting –  the Maui real estate market is in a U recovery and gaining momentum.

August 2020, was the first month since March 2020, where the numbers of properties placed in escrow and the number of properties recorded exceeded the totals from that same month a year ago.

After Covid19 struck in the early part of March, in most every sector in the economy, we experienced a sharp fall in numbers. Pending sales fell and this resulted in the decrease of sales the last couple of months. Surprisingly, pending sales have increased since mid-April and June pendings were only 10 transactions off from 2019.

April 2020 Maui Real Estate statistics are recorded and this Maui map is a breakdown of information for the first 4 months of 2020. (January 2020 – April 2020)

Median prices for homes, condo and land all increased vs. 2018 with median home prices at $743,000 (up 4%), condo at $515,000 (up 3%) and land at $500,000 (up 5%).

Through October 2019, the median sales price for homes, condo and land rose, $745,000 (up 6%), $518,000 (up 4%) and $500,000 (up 5%), respectively.

Median prices for Maui real estate homes, condo and land all increased vs 2018 at $755,000, $515,000 and $500,000, respectively.

The first five months of the year in the real estate industry is such a busy time and the market has slowed down a bit as the number of condo and land sales on Maui are down vs. 2018.