Aloha All,
Summer is just a few weeks away.
We feel it is important to note that many of the population from Maui and various other locations are examining their property portfolios requesting our advice as they consider how to move forward with their investments and personal residences in the most appropriate manner. There are some new IRS rules regarding 1031 exchanges. The rules involve trading any income property into other tax-deferred properties including a DST (Delaware Statutory Trust). Although we are extremely knowledgeable in the diverse ways to deal with the options available, we are not tax and exchange specialists. For your convenience we have obtained expert resources should you need referrals. Contact us for those referrals. Those referrals include licensed real estate agents located throughout our nation for selling or investing. Please either email us at dad@mauirealestate.net or call at one of the numbers below.
Statistics
In the United States In May 2025, existing-home sales dipped 0.5% from the prior month and 2.0% year-over-year according to the National Association of REALTORS
For Maui, New listings declined 9.9% for Single Family homes and 33.9% for Condominiums, while pending sales dropped 16.7% for Single Family homes but rose 14.8% for Condos. Inventory increased 38.5% for Single Family homes and 37.8% for Condos. Median prices grew 0.4% to $1,300,000 for Single Family homes but fell 10.3% to $762,500 for Condos. Days on market lengthened by 40.8% and 38.0%, respectively, while months’ supply rose 58.0% for Single Family and 73.0% for Condos. Active inventory reached 1.45 million units, up 9.0% from April and 20.8% from last year, equating to a 4.4-month supply. As is normal, correctly pricing a home for sale is important. Lately many properties on Maui have had big reductions in price. If you would like to know the value of your property in Hawaii, contact us at dad@mauirealestate.net.
Urgent call to action.
There’s a lot going on that you may want to be aware of. The time has come for property owners on Maui to voice their opinion regarding Mayor Bissen’s plan to cancel property owners rights that they have had for over 30 years to legally vacation rent their property. The committee handling this part of discussion is HLU.committee@mauicounty.us The harm Bill 9 will cause Maui’s local residents will be very damaging to Maui’s entire Island should it pass. For instance, loss of jobs in the services of cleaning, repairs, gardening, rental, companies, restaurants and their employees, retail shops, farmers markets closing and possibly even Costco. So much is at stake. Your help, your words will make a difference.
Please contact us if you would like to know about the Wailea plans for the future, Mayor Bissen’s Vacation Rental Plans for future rental use, etc. Please either email us at dad@mauirealestate.net or call at one of the numbers below.
Being a multigenerational team we have experiences and the ability to attend many meetings and have our finger on the pulse on what is happening in Hawaii. Some of the items are the extension of the Piilani Highway, Wailea Golf Courses and Tennis Venue potential development as well as affordable housing projects.
Also keep informed with our blog where local information and statistics are posted:
https://blog.mauirealestate.net/
Enjoy our informative radio program: https://www.youtube.com/channel/UChcOyThjgwJgO5fV72YQVtg
If you would like a copy of our newsletter to share let us know at dad@mauirealestate.net
For access to our website click below.
Bob Hansen PB R(B) Clint Hansen BIC R(B) Donna D. Hansen R(S) 808-283-9456 808-280-2764 808-280-1650 RB-17532 RB-21616 RS-49765
MAUI LUXURY REAL ESTATE LLC, The Hansen Ohana ~ Maui’s Real Estate Family over 30 years
Hawaii Real Estate Blog 