July Newsletter

 Aloha All, 

As of the month of July we now begin the new Fiscal Year for the County of Maui. The County has issued their new property tax rates which we can email to you upon request. As you might imagine the tax rates and assessed values have increased. Contact us at dad@mauirealestate.net for more information. 

Median Sales Price for Maui since the first of the year for single family homes have increased slightly from $1,275,000 to $1,295,000. Due to the Mayor and County Council attempt to remove vacation rental property rights (approved since 1989) for 6,000 condominiums, median prices have fallen from $865,000 to $739.000. Months’ Supply of Inventory increased 42.1 percent for Single Family homes and 57.6 percent for Condominium homes. More supply generally means lower prices. We want to provide you with a brief update regarding Maui County Bill 9, the proposed legislation to phase out apartment-zoned short-term rentals. On July 24, 2025, the Housing & Land Use Committee (which includes all nine Maui County Council members), voted 6–3 in favor of advancing Bill 9. 

Please note: This was a committee-level vote only, and not a final vote by the full Maui County Council. 

What is Next 

• The bill will now move forward to the full Maui County Council for further consideration. 

• Additional amendments, debate, and a final vote will take place before the bill can be passed into law. 

• If approved by the Council, the bill will be sent to the Mayor for signature. 

This committee vote serves as a recommendation, not a final decision. The full Council still has an opportunity to make changes or vote against the bill during upcoming readings. This is the time to let your feelings be known to the members of the Maui County Council. If you would like the email address of all the Maui County Council members just ask. dad@mauirealestate.net 

To View the past two important Discussion View at: 

• Watch the July 23 session on YouTube 

• Watch the July 24 session on YouTube 

Upon watching these sessions you will notice that a majority of the Council Members do not understand economics or real estate in general. Mayor Bissen and some of the Council Members have stated that they would like the values of properties to plumet. Really? 

We understand the current situations as described above are very disconcerting to many Maui Property owners and others who are hoping for insight into what to expect or how to 

resolve personal situations whether buying, selling, investing, or simply getting advice. We are here for you and available. In the next few weeks we will be sending short updates. 

We are presently marketing beautiful ocean view properties, beach front units plus gorgeous homes from many locations throughout Maui and Oahu. We are available to assist you as you move forward in any direction or just simply have concerns you wish to discuss with us. We can also give you valuable information regarding 1031 exchanges on your vacation properties and investment properties. Recent exchange options include Delaware Statutory Trusts (DST) which offer worry free investments. Just ask us for further information. We offer multigenerational experience and opinions. 

Also keep informed with our blog where local information and statistics are posted: https://blog.mauirealestate.net/ 

Enjoy our informative radio/blog programs: https://www.youtube.com/channel/UChcOyThjgwJgO5fV72YQVtg 

If you would like a copy of our newsletter to share let us know at dad@mauirealestate.net 

MAUI LUXURY REAL ESTATE LLC, The Hansen Ohana ~ Maui’s Real Estate Family over 30 years 

Changes in Postage Rates for 2025

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

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!

Wishing everyone a safe and Happy 4th of July!

A Weekend of Heart-Pounding Action and Family Fun on Upcountry Maui: Prepare for the Makawao Stampede 2025!

The Makawao Stampede is back and bigger than ever at the Oskie Rice Arena, so mark your calendars and bring the whole “ohana!”

Monster Bull Bash & Live Music on Friday, July 4
The Monster Bull Bash will take over the arena for an exciting evening to start off the holiday weekend! A unique live performance by country music star Jimmy Charles kicks off the evening, laying the groundwork for an exciting evening of expert bull riding and exhilarating entertainment.

Paniolo Day is Saturday, July 5.
Enjoy a full day of traditional rodeo excitement as you honor Maui’s cowboy culture! Highlights include the popular Roselani Ice Cream Eating Contest, a family-friendly Keiki Zone, a hands-on petting zoo, and the rodeo’s first performance. Families are encouraged to play, cheer, and take in the charms of the Upcountry on this day.

Patriotic Day and Championship Finals on Sunday, July 6
Patriotic Day, a celebration of tradition and skill, marks the end of the weekend. Watch the thrilling Crowning of Champions as the best competitors attack the arena, participate in the Mahi Pono Watermelon Eating Contest, and support expert operators in the Kubota Excavator Challenge.

The Makawao Stampede is more than simply a rodeo; it’s a multigenerational celebration of culture, community, and rural life. “It’s where families come to make memories that last a lifetime,” the event organizers say.

Visit http://www.OskieRiceEventCenter.com for a complete schedule of events this week, and this Fourth of July weekend, visit Upcountry!