Investigative group meeting on Bill 9 today to discuss pros and cons at 1:30 pm today HST. View the meeting online via teams here.
Category Archives: Economy
Tax Reminder
Important Reminder:
Maui County property tax payment due by Aug. 20
The first installment of real property taxes for fiscal year 2025–26 is due by Aug. 20. According to a reminder …
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
Hawaii Real Estate Market Update: June 2025
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.
💰 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.
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.
Hawaii Real Estate Blog 