All Things Maui Real Estate - Maui Real Estate Market Statistics and Analysis

The Maui Real Estate Market Update December 2024

Maui Real Estate Market Report December 2024: A Buyer's Market Heading Into the Busiest Season of the Year

Heading into the holiday season, the real estate market on Maui is coming off an extended period of slower than usual sales and higher than usual levels of inventory. The trends of fewer total closed sales and higher levels of inventory, particularly in the condo market, began early in 2024.

Higher interest rates, the Mayor’s widely unpopular proposed ban on apartment zoned short term rentals, and increasing condo insurance rates have all collectively contributed to this current market on Maui that favors buyers over sellers. 

Are Real Estate Values Still Going Up on Maui?

The single family home market and the condo market operate…

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10 Steps to Buying a Home on Maui | Maui Realtor Evan Harlow R(S)

Buying a Home or Condo on Maui

Buying a home or a condo on Maui is a big undertaking and to be successful in the endeavor, it requires a great deal of information to make an informed decision.  Maybe this is your first time or perhaps you’re a seasoned real estate veteran with a diverse portfolio of properties.

Whether you are looking to buy your primary home, a vacation home, or an investment property, buying on Maui comes with a list of important items to consider along the way. The following list will help you to take charge of your finances, understand your budget, and determine the right area, community, and realtor that can best help you.

When it comes to buying a home or condo in Maui, being familiar with the island and the various…

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Wailea Real Estate Market Quarterly Report

Wailea Real Estate Market Insights

Wailea is one of Maui's most pristine and coveted resort areas. Known primarily for its amazing sunny weather, calm beaches, and luxury lifestyle, Wailea is also home to some of Maui's most beautiful properties and a robust luxury real estate market.

There are 18 different communities with condos for sale in Wailea, 9 of which are currently approved for short term rentals and 9 of which are not. There are 8 residential neighborhoods with homes for sale in Wailea, all of which are gated. 

Makena, a smaller but more expensive market, has historically been included with Wailea in MLS statistical reporting. However, with the addition of Makena Golf and Beach Club and the ultra-luxury oceanfront homes in Makena,…

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How Does Seller Financing Work When Buying Real Estate?

Offering Seller Financing as a Seller Can Improve The Chances of a Sale

Commonly, buyers who cannot or do not want to pay for a new home or condo with cash take out a mortgage through a bank or other financial institution. Banks and financial institutions have strict underwriting standards and borrower requirements.

The process can often time-consuming, costly and riddled with stress. While this is the typical way to finance a real estate purchase, it is not the only option available. One alternative that we see more of in a buyer's market is seller financing. 

What Is Seller Financing? 

When a seller finances the transaction, he or she becomes the lender. The promissory note, put together by the title company during escrow, is between…

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Just Listed By Evan: Wailea Ekahi 6F | 1bd/2bth Ocean View Unit

Wailea Ekahi Unit 6F: Just Listed by Evan

Wailea Ekahi is one of Wailea's best oceanfront condo communities and offers some of the absolute best on-site amenities with its recently completed oceanfront pool pavilion. I'm proud to represent the sellers of Unit 6F as they have had this condo in their family for almost 30 years.

Ekahi is a special place where its not uncommon for a family to keep their unit that long and have different generations getting to enjoy the beach lifestyle in Wailea. 

View Wailea Ekahi 6F Listing

When we look at Wailea Ekahi, the units that have quality ocean views are higher demand and so are units that are close to the pool and beach. Unit 6F has a great ocean view and is just steps away from pool and…

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Working With a Buyer's Agent on Maui

Working With a Buyer's Agent on Maui

The process of buying a property on Maui, or anywhere else in the United States, is getting a new wrinkle this August, a mandatory buyer representation agreement. Due to the recent NAR settlement, buyer representation agreements are now a required part of the process of purchasing real estate with an agent.

There are many misconceptions out there about how this will work in practice. It's actually pretty simple and may be a good thing for the business, keep reading to learn more. 

What's a Buyer's Representation Agreement?

Buyer representation agreements aren’t a new document. They have previously existed as an optional part of the process for agents and buyers, they just weren’t a required part of the…

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Launiupoko Real Estate Market Report: July 2024

Launiupoko Real Estate Market Report

The West Maui neighborhood of Launiupoko is one of Maui's most unique and beautiful areas. Perched on the hillside below the West Maui mountains and above the gentle waves of breaking at Launiupoko Beach Park, this agriculturally zoned community features several subdivisions known as Makila Ranches, Makila Nui, Makila Plantation, Mahanalua Nui, and Pu'unoa Estates. 

Halfway through 2024, the real estate activity in Launiupoko has been slower than usual with new listings outpacing buyers.  At the time of writing this, there are 20 properties for sale in the neighborhood with a range of $1.5M(for vacant land) to $16.9M (454 Wailau) with only 1 of them currently under contract ( a new construction home in Makila…

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Short Term Rental Condo Ban on Maui (Updated July 24th, 2024)

A Ban on Short Term Rentals on Maui Won’t Solve The Affordable Housing Crisis

Update: July 24th, 2024 - The Maui County Planning Commission heard the remainder of public testimony on July 23rd during a marathon 13 hour session. Despite the overwhelming opposition to the bill, not only from the property owners who would stand to lose property rights, but from local business owners and local workers who would stand to lose their jobs and from experts demonstrating how the ban won't solve affordable housing, the commission is sending the proposal as it is with some comments to the Maui County Council to vote on.

All of the alternative, more likely to succeed solutions, brought forward during public testimony, were not considered by the…

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13 of The Best Hotel Zoned Condos on Maui

What Are The Best Hotel Zoned Condos on Maui?

With a potential ban on apartment zoned short term rentals on Maui creating uncertainty for owners and buyers alike, hotel zoned short term condos have become more in demand. A flood of apartment zoned short term rentals have hit the market in the weeks after the Maui Mayor dropped the bomb on everyone that he would be asking the planning department to draft a proposal to repeal the rights of the Minatoya List owners.

This is putting significant short term downward pressure on the value of these A1 and A2 zoned units and it’s uncertain exactly how much value has been lost just with the idea that the ban could happen alone. At Wailea Ekahi, a unit listed for 2.8M reduced its price to 1.9M and secured…

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12 Best Things to Do in Paia Maui

What Are The Best Things to Do in Paia Maui?

Located on the Northshore of Maui, the laid-back beach town of Paia is a unique destination with a lot of character. Paia’s local population is under 2,500, so many visitors, especially those heading to the Road to Hana, may be initially inclined to drive straight through the small community.

When you take the time to explore Paia you’ll find that this is one of the coolest and most relaxed areas of the island with many great things to do. Great restaurants, large beaches, boutique shopping, and a variety of extreme and non-extreme sports are easy to find here. 

What are some of the top things to do in Paia?

1. Mama's Fish House

Mama’s Fish House is among the most well-known restaurants…

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