Author Archives: The Hansen Ohana

Hawaii Real Estate Market Update: June 2025 

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As 2025 draws to a close, Hawaii’s real estate market is still developing, exhibiting both resiliency and regional differences among the islands. With some markets recovering and others adapting to post-pandemic and economic reality, the most recent statewide housing statistics for June 2025 provide insightful information about movements in single-family homes and condominiums.

A Mixed Bag of Sales Activity Overall
Hawaii’s June real estate sales increased 15.6% year over year, with 587 single-family house transactions, up from 508 in June 2024. Condominium sales increased little from 476 to 480 deals (+0.8%), but otherwise stayed largely same.

Single-Family Houses on the Island (June YoY):

18.1% increase on Hawaii Island (189 vs. 160)

Kauai: Huge increase of 87.0% (43 versus 23)

Maui: A 1.5% drop (66 vs. 67)

Oahu: Significant 12.0% growth (289 vs 258)

Condos on the Island Breakdown (June YoY):

30.3% increase on Hawaii Island (43 vs. 33)

Kauai: decline of 20.7% (23 vs 29)

5.1% drop in Maui (56 vs. 59)

Oahu: A marginal 0.8% rise (358 vs 355)

While Kauai’s condo market shrank, indicating a change in consumer preferences, the island’s single-family market performed exceptionally well, almost doubling sales volume.

đź’° Median Sales Prices: Some Islands’ Corrections
Even though there was an increase in sales activity in several places, median sales prices—especially in the Maui market—are beginning to change.

Median prices for single-family homes (June YoY):

Maui: $700,000 -28.6% of $980,000

Kauai: $715,000 -16.4% less than $855,000

$575,000 ↑ from $552,000 (+4.2%) on Hawaii Island

Oahu: $510,000 -3.8 percent of $530,000

Median Prices for Condos (June YoY):

Maui: $1.315M (-5.7%) less than $1.395M

Kauai: $1.175M + 7.6% from $1.092M

Hawaii Island: $608,500 (-3.1%) less than $627,775

$1.125M ↑ from $1.120M (+0.4%) on Oahu

The single-family home market on Maui saw the biggest correction, with median prices dropping by about 29%. This could indicate that the market is cooling or rebalancing following years of sharp appreciation. Condos on Oahu and Kauai, however, continue to fetch high premiums, suggesting that there is still a desire for such areas.

Food Truck Operations

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Food truck companies operating on agricultural land now have more options thanks to a recently passed Maui County regulation. The new rule removes a major barrier to entrance by allowing mobile food trucks and trailers to operate in agricultural zones without the need for an expensive special permit.

By formally acknowledging mobile food trucks and trailers as an ancillary use on farm-producer properties, the policy, which was approved by the Maui County Council and then signed into law, seeks to assist small enterprises. Many food truck owners who were previously forced to close their businesses owing to zoning issues, while providing locally produced, value-added products like coffee and fruit smoothies, are anticipated to gain from this shift.

The new regulations are intended to provide food truck companies greater direct access to local markets by assisting them in selling goods prepared from materials that are grown, raised, or caught in Hawaii. On Maui, there are no restrictions except of the Hana district, where there is a limited of 25 mobile operations. Molokai and Lanai, however, are exempt from the rule.

The state Department of Health’s guidelines for food safety and preparation must be followed by all mobile food businesses. The shift is being hailed as a big step in diversifying Maui’s economy and encouraging local business.

Be sure to verify all information directly ­­­­­­­­­­­ before moving forward with Food Truck Business/purchases 

Changes in Postage Rates for 2025

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The United States Postal Service (USPS) has announced revised rates for a number of mailing services as effective July 13, 2025. Your daily or company activities may be impacted by these updated prices, regardless of whether you’re sending letters, postcards, or international mail.

Here is a brief overview of the modifications:

One ounce of letters
Price change: from $0.73 to $0.78

One ounce of metered letters
Price change: from $0.69 to $0.74

The price of domestic postcards has increased from $0.56 to $0.61.

The price of international postcards has increased from $1.65 to $1.70.

Letters from abroad (1 oz.)
Price change: from $1.65 to $1.70

The 30% Federal Solar Tax Credit Is About to End

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On December 31, 2025, the 30% federal tax credit for home solar and battery storage systems, such as Tesla Solar and Powerwall, will end.

Now is the moment to take action if you’re thinking about switching to solar power. If you qualify, installing your system ahead of schedule might drastically lower your out-of-pocket expenses.

Get started by getting in touch with a Tesla Certified Installer right now to optimize your savings and reserve your space before the credit expires.

Happy 4th!

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Wishing everyone a safe and Happy 4th of July!