Aloha All,
With Spring settled in and the Summer looming around the corner, there is a lot of Maui activity to keep track of. Many readers are interested in one or two items so to help with those who prefer more details and charts, we are including links to several of the items covered in this Newsletter.
Reviewing year over year real estate activity, the median sales price decreased 6.4 percent to $1,290,000 for Single Family homes and 8.9 percent to $651,250 for Condominium homes. Days on Market increased 8.7 percent for Single Family homes and 17.4 percent for Condominium homes. New Listings increased 3.4 percent for Single Family homes, but decreased 21.3 percent for Condominium homes. Pending Sales increased 1.6 percent for Single Family homes and 9.7 percent for Condominium homes.
Here are the details: https://media.salecore.com/GetFile.ashx?p=DpRTFshdg
The Budget for Maui was approved effective July 1, 2026. Following is the link for more details:
Fiscal Year 2026 Budget Overview
Last but definitely not least, following is the proposed property tax for 2026-27. Be sure to pay attention to the lowering of tier tables which may impact some property owners. There is so much detail to cover we asked Perplexity for assistance us. Please note that the first reading by the full Council with be May 15th with the following sometime in June:
https://www.perplexity.ai/computer/a/maui-county-fy2027-residential-.cIPr2L7VxeNF8UkMMbr5g
Some things to look forward to: Finally! Merriman’s restaurant should open late 2026 in the former location of Five Palms at the Mana Kai in South Maui. https://manakaimauiresort.com/restaurant
Bob Hansen RB-17532 Clint Hansen BIC RB-59245 Donna D. Hansen R(S)-49765 808-283-9456 808-280-2764 808-280-1650 dad@MauiRealEstate.net ClintHansen33@gmail.com Hansens@MauiRealEstate.net
MAUI LUXURY REAL ESTATE LLC, The Hansen Ohana ~ Maui’s Real Estate Family over 30 year
Information herein believed to be reliable but not guaranteed and subject to change
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