Renewable Energy Forum

On June 26th, located at the J. Walter Cameron Center Auditorium, officials will be discussing how Maui can be powered 100% renewable energy. Maui Electric Co., Maui Tomorrow and the Sierra Club will be discussing how to make this a reality at the event titled “100% Renewable Energy: What Will Maui Look Like?”.

Maui reached 38% renewable energy production back in 2018. Over the goal of 30% by 2020. Panelists will discuss and share what can be done to work toward the 100% renewable energy goal by 2045. The need is for carbon-neutral power, and technology that includes solar and wind.

Light refreshments will be served at 5:30 pm prior to the 6:00 pm start time. This is a free event that is open to the public.

New Tax Rates Effective July 1st

County of Maui

REAL PROPERTY TAX RATES

2019 – 2020

(July 1, 2019 – June 30, 2020)

 

Real property tax rates are per $1,000 of net taxable assessed valuation

Homeowner/Main Residence

(After Homeowner’s Exemption) $2.90

Residential/Second Home

(Long-Term Rentals) $5.60

Apartment $6.31

Agricultural $5.94

Hotel & Resort $11.00

Commercial $7.39

Industrial $7.48

Conservation $6.43

Time Share $14.40

Commercial Residential $4.60

Short Term Rental $10.75

 

Suggested websites for more tax information:

http://www.MauiPropertyTax.com and http://www.MauiCounty.Gov

Median Home Prices Set Record

Single family home prices set a record according to the Realtors Association of Maui. In April the median sale price was $819,500. This is the first time since 1993 that median prices have broken the $800,000 mark.

Kapalua had the biggest home sale in April at $3.3 million, with the majority of home sales in Wailuku coming in at a median price of $702,290. Median condo sale prices came in at $440,000.  The most expensive condo sale came in Kapalua at $2.9 million. Largest number of condos sold were located in Kihei at a median price of $429,000.

Pending sales also increased for single family homes to 24.2%. with pending condo sales declining 4.8%. Both single family homes and condominiums had a decrease in days on the market. Single family homes decreased 22.3% and condos 12.1%.

Homes listed in competitive price ranges are the most attractive to buyers. Make sure to contact The Hansen Ohana with questions regarding buying and/or selling today!

Spring Newsletter

Aloha All,

We thought it was time again for a little update of real estate statistics and happenings on Maui.

Many regions of the US Mainland continue to experience a slow-down although the majority of areas are also seeing modest increases in prices.  The vast majority of economists continue to predict that the market will continue to steadily increase, but at a much more sustainable pace (3% or so).  The really good news is that the FED’s have indicated that there will be no interest rate increases from them for the rest of the year.

Inventory on Maui is still shrinking, and the “Median” Sales Prices increased 4.8% to $712,718 for homes, and increased 13% to $524,500 for condominiums.  On the other hand, the “Average” sales prices for homes decreased 11.1% to $1,001,880 and the average sales price for condos decreased .03% to $693,952.  Less inventory could mean upward pressure on prices in the long run. The reason for this disparity may be found in people more willing to purchase in the lower price ranges.

Luana Garden Villas at Honua Kai pre-sales continue to be strong – over 85% are now under contract.  Kalama Kai in Kihei has broken ground and vertical well building is under way.  D.R. Horton is currently offering new construction homes in Wailuku with some interesting incentives.  They are 2 story, with 3 or 4 bedrooms and priced between $667K-$721K.  We have some exciting listings in Wailea, Kapalua, Kahului, Kihei, Pukalani and Haiku ~ homes, condos and vacant land.  Just to mention a few locations: Wailea’s Best Villa with full garage, a large 4,100 square foot ocean view custom Wailea  home, a totally remodeled ocean view Maui Meadows home with cottage, plus so many more all over the Island.  Be sure to check all the featured listings on our website www.MauiRealEstate.net

Please give us a call for updates for your specific area.  We are here to help.  Following are our numbers.

Clint Hansen, R(B) 808-280-2764

Donna Hansen, R(S) 808-280-1650

Bob Hansen, R(PB)  808-283-9456

The Hansen Ohana

Maui Luxury Real Estate LLC

dad@mauirealestate.net

Southwests Inaugural Flight

Southwest Airlines had their inaugural flight to Maui from Oakland on Sunday, April 7th. The first departure flight is schedule for today from Kahului back to Oakland. Starting on Wednesday, flights will increase to two flights per day in each direction.

Travelers departing the aircraft were greeted with lei’s, goodie bags, and food! Passengers described the crew as welcoming and the flight entertaining. Maui singer and songwriter Lily Meola was on board and played a few songs for the 175 passengers.

A special blessing was done on the aircraft after the passengers had disembarked. A lolo ana ceremony, traditionally done on new canoes,  was done by Kumu Kapono Kamaunu and Ua Aloha Maji. The ceremony is meant to bring a connection between the pilots and crew to the land.

Service on Southwest to Maui from San Jose will begin at the end of May. Dates for service from Sacramento, San Diego, and Lihue will be announced in the future.