Category Archives: Maui Real Estate

JANUARY NEWSLETTER

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 Aloha All, 

Happy New Year ~ we hope it was relaxing and sensational! 

We extend our heartfelt thanks to everyone who supported our annual Children’s Benefit. With approximately $26,000 in combined gifts, including toys, gift certificates, and financial donations, we were able to support Maui County children distributed through Friends of the Children’s Justice Center. Your generosity reached children who might otherwise have gone without, sending a powerful message of care, dignity, and hope. To see some pictures of the Toy Drive click on the link: TOY DRIVE

Maui’s been really busy with visitors over the holidays. It feels so revitalizing to see all the happy smiles around town, the busy restaurants, and everyone enjoying Hawaii’s fantastic weather and beautiful sites. 

Looking ahead to Maui’s August primary and November elections, Mayor Richard Bissen has announced his intention to seek a second term. Additionally, Councilmember Yuki Lei Sugimura has declared her candidacy for mayor, citing the passage of Bill 9 as a key factor in her decision to enter the race. 

As many of you may be aware Bill 9 has been signed into law and will phase out approximately 6,000 vacation rental units, with changes taking effect in West Maui in three (3) years in and South Maui in five (5) years. Legal challenges to Bill 9 have been filed. 

In other news :

As previously discussed, while Bill 9 was under discussion, the Maui County Council formed a Temporary Investigative Group (TIG). Building on TIG’s recommendations, Councilmember Tom Cook introduced Resolution 25-230 to establish a framework for the proposed zoning changes. After initially being tabled, the Maui County Council later approved the resolution by an 8–1 vote, formally forwarding it (with other amendments) to the Maui Planning Commission for review. This process will take a very long time to get resolved. If you wish additional information regarding this issue, please contact us. 

Market Snapshot 

• New listings: −3.1% single-family to 92, −13.5% condos to 145 

• Pending sales: +48.8% single-family; condos flat 

• Inventory: +14.5% single-family, +18.4% condos 

• Median price: $1.34M (−2.0%) single-family; $640K (−25.6%) condos 

• Days on market: +1.6% single-family to 108 days, +38.5% condos to 118 days 

• Months supply: +23.1% single-family, +29.5% condos 

In addition, median Days on the market for luxury homes was 88 days and for luxury condominiums was 193 days. 

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). 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/ 

We sincerely appreciate your support and loyalty. It makes a huge difference. Referrals are truly needed and appreciated. Thanks for reading and subscribing to our newsletter. Ready to make a change in 2026? Email us at dad@MauiRealEstate.NET OR call one of us at our number below. 

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

May Monthly Statistics

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May monthly statistics update. Information courtesy of The Realtors Association of Maui.

Maui Real Estate Market Snapshot for May 2025: Inventory Increases While Sales Decline

Maui’s real estate market is undergoing a transformation as the summer approaches, with slower sales and more inventory influencing the situation for both buyers and sellers.

Changes in Market Behavior
Overall closed sales in May 2025 decreased by 26.7% for single-family homes and 16.9% for condos, according to the REALTORS® Association of Maui. Days on market, on the other hand, increased dramatically—40.8% for single-family homes and 38.0% for condos—signaling that more properties are remaining on the market for longer, allowing purchasers more time to consider their options.

Trends in Prices
Single-family home prices held steady despite a slowdown in activity. The median price remained consistent from earlier in the year, rising little to $1.3 million. The median price of condos on the market, however, dropped significantly, dropping 10.3% to $762,500. Generally speaking, sellers are getting 95.9% of the list price for single-family homes and 95.2% for condos, which is a little less than what they were asking for.

Growth in Inventory Creates New Possibilities
The increase in inventory is arguably the most noticeable trend. In order to provide potential purchasers additional options, the number of single-family and condo residences for sale increased by 38.5% and 37.8%, respectively. The months’ supply of inventory increased by 73% for condos and 58% for single-family homes, one of the biggest increases Maui has seen in years.

Implications for Both Buyers and Sellers
This is a time of more leverage for buyers. Buyers may be able to haggle over terms or price because there are more listings on the market, there is less competition, and properties take longer to sell. Proper pricing and preparation for a longer period on market are crucial for sellers.

Highlights of the Area

With 19 apartment sales averaging $780,000, Kihei is still a popular destination.

With 14 upscale condo sales averaging more than $3 million, Wailea/Makena stood out.

With 12 properties sold at a median price of $1.39 million, Wailuku had the most single-family activity.

Real estate is hyper-local as usual. Working with an experienced Maui real estate agent is the best approach to handle the present market conditions, whether you’re considering investing, selling, or purchasing.

Property Tax Assessment

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IF YOU BELIEVE YOUR MAUI PROPERTY TAX ASSESSMENT IS 20% OVER IT’S TRUE VALUE, YOU CAN APPEAL!!!! 

IMPORTANT Appeal Deadline April 9th!

Filing fee:  $75.00.  

Apply online:

www.MauiPropertyTax.com  

*** If you need comparable sales data email us a request at

dad@MauiRealEstate.NET

Update on the Hawaii Real Estate Market Statistics for January 2025

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With significant activity on all islands, the Hawaii real estate market got off to a great start in January 2025. Sales in the residential, condominium, and unoccupied land sectors were consistent on Maui. With 58 sales and a median price of $1,187,500, Maui’s residential market generated $83,444,128 in total dollar volume. With 53 transactions and a median price of $675,000, the condominium market generated $56,140,170 in total dollar volume. Thirteen deals with a median price of $585,000 and a total dollar volume of $19,862,750 were made in the vacant land market.

With 338 total sales, the Big Island saw a notable increase in real estate activity. On the Big Island, median condo prices were $689,500 while median home prices were $595,500. The entire monetary volume was $253,513,541, with the median land price being $45,000.

High-value transactions were evident in Kauai’s real estate market, especially in land and residential sales. A total of 70 sales were registered on the island. In Kauai, the median price of a home was $1,325,000, and the median price of a condo was $800,000. The entire dollar volume was $101,510,800, and the median land price was likewise $1,325,000.

With robust home and condo sales, Oahu continues to be Hawaii’s most active real estate market. There were 196 home sales in Oahu’s residential market, with a median price of $1,120,000. The median price of the 312 transactions in the condominium market was $539,500.

In 2025, the Hawaii real estate market is still strong, with strong demand on all of the main islands. Opportunities are available in the condo and unoccupied land markets, even if median property prices still reflect the upscale aspect of island living. To make wise real estate selections in Hawaii, investors, buyers, and sellers need keep up with market developments. January 2025 has laid the groundwork for a busy year in Hawaii real estate, whether you’re searching for your ideal home on Maui, an investment condo on Oahu, or undeveloped acreage on the Big Island. More information about changing market trends will be available in the upcoming update.

Beach Front Condo Open!

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Beach Front Condo Open!

Today 10am to 1pm

Hale Kai O Kihei Unit #117

1310 Uluniu Rd, Kihei

One Bedroom/One Bath

Toes in the sand location.

Available by Appointment After Open House

Call 808-280-1650