All Things Maui Real Estate - maui real estate market

The Maui Real Estate Market Update October 2024

Maui Real Estate Market Report October 2024: Increased Activity and Apartment Zoned STR Price Drops Heading Into the Election 

Over the last month the Maui real estate market has seen a small increase in sales activity from the previous months with an increase in our number of pending sales and a few major closings in the ultra-luxury sector, a sector that had been very quiet for the first half of the year. This is attributable to cooling interest rates as well as renewed optimism about the post-fire future of the island. 

Along with an increase in pending sales, notable price drops, upwards of 30%, have been happening in the apartment zoned STR market that continues to suffer from the purgatory created by the Mayor's illegal and disastrous…

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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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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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2021 Review of the Maui Real Estate Market | State of The Market Report

The State of the Maui Real Estate Market 2021

Looking back on the Maui real estate market of 2021, we saw a year unlike any we have seen before in total sales, prices, and buyer enthusiasm. A variety of unique factors combined to fuel an unprecedented acceleration in property value at the national and local levels. The unique Maui market witnessed record after record being broken along with a surge in demand for investment properties. Over half of the properties sold in 2021 sold at or above listing price. 

Historically high demand for homes and condos on Maui driven in part by historically low-interest rates, coupled with seller reluctance and low inventory, created an extreme seller’s market where more than 5,500 transactions led to over 4.5…

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Maui Real Estate Market Report August 2020

Condo Inventory and Sales Way Up

August was a great month for the recovery of the condo market on Maui with some corrections happening in both sales and inventory. For years the Maui condo market has had low inventory and steadily been in a seller's market given the high demand and decrease in construction, especially of short term rentable condos. August saw a 97.4% increase in months supply of inventory and a total increase of 53.9% in total units on the market versus August of 2019. Closed sales were still down 7.7% versus 2019 but that's a huge improvement over the last few months without visitors on Maui to see these units in person. 

262 new condo listings in August almost doubled the 133 new listings last August. Notably, the…

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Maui Real Estate Market Report July 2020

Low-Interest Rates + Low Inventory = Stable Prices

Since the shock of the coronavirus pandemic has worn off over the last few months, we've seen that real estate continues to be the most reliable place to invest. Nationwide there has been a real estate boom and while Maui isn't currently experiencing that same type of short term growth, we have seen surprisingly good numbers given the challenges the market has faced with the absence of tourism.

Working From Home

With working from home becoming less of a novelty and more of a reality, many are looking to Maui and Hawaii as the best place to work from home as we see many looking to relocate.

This has been good news for the residential sector of the market. While residential sales and prices…

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