Maui & U.S. Housing Market Report

Latest Trends as We Head Into Summer

As we enter the heart of the year, both the Maui and national housing markets are showing signs of adjustment. Inventory is building, buyer behavior is shifting, and pricing trends reflect a more complex landscape than in recent years. Below is a breakdown of what’s happening both locally and nationally, and what it may mean for your next move.

Maui Real Estate Market

Maui’s real estate market is experiencing a slowdown in new listings but a rise in inventory across both property types. Buyer activity is mixed, and homes are generally spending more time on the market. Here’s how the numbers break down: 

Single Family Homes

  • New Listings: down 9.9%

  • …

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Maui Real Estate Market Update: Rising Inventory and Shifting Buyer Demand

The latest real estate data for Maui reveals noticeable changes across both the Single Family and Condominium markets. New listings for Single Family homes dipped slightly by 0.9%, while Condominium listings experienced a more significant decline of 15.3%. Pending sales were also down—5.8% for Single Family homes and 2.5% for Condominiums—suggesting a slowdown in buyer activity across the island. Meanwhile, inventory levels surged, with Single Family home inventory increasing by 54.8% and Condominium inventory jumping by 72.1%, offering prospective buyers more options than we’ve seen in recent months.


Pricing trends also shifted. The median sales price for Single Family…

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Discover the Beauty of West Maui's Night Sky

There’s something truly magical about the Hawaiian night sky. Whether you’re a seasoned stargazer or someone who has simply been curious about the stars above, there’s no better place to experience the wonders of the universe than in West Maui. Known for its breathtaking landscapes and unpolluted skies, West Maui offers an unforgettable stargazing experience that combines cutting-edge technology with rich Hawaiian celestial traditions.

Explore the Cosmos with a Guided Stargazing Tour

Imagine being surrounded by the tranquil beauty of West Maui as the sun sets, leaving behind a sky filled with stars. On this guided stargazing tour, you'll have the opportunity to explore celestial objects visible to…

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Tax Benefits for Homeowners

As tax season approaches, it’s the perfect time to explore how homeownership can help you save money on your taxes. Owning a home comes with significant financial benefits, including various deductions and credits that can reduce your overall tax bill. From mortgage interest and property taxes to potential energy-efficient property credits, this guide covers the key tax advantages available to homeowners and explains how to maximize your savings this tax season. 

Standard vs. Itemized Deductions

Homeowners can reduce their taxable income by either claiming the standard deduction or itemizing specific expenses. The option you choose depends on your financial situation and the deductions available to you.

Standard…

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What Are Capital Gains?

Capital gains refer to the profit you make when you sell a property for more than you paid for it. Similar to selling stocks, the gain is the difference between the purchase price and the sale price. However, real estate has unique considerations. For example, the original price includes the cost of certain improvements, so keeping receipts for renovations is essential.

How to Calculate Capital Gains on Real Estate

Capital gains in real estate are based on the adjusted cost basis of your property rather than the purchase price alone. Here's how to calculate it:

  1. Start with the Purchase Price
    This is the total amount the property sold for, not just the cash you brought to the closing table.

  2. Add the…

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Makena Place: Exclusive Oceanfront Living in South Maui

Nestled along the pristine southern coast of Maui, Makena Place is a gated luxury community that offers unparalleled privacy, elegance, and convenience. Spanning five meticulously landscaped acres, this exclusive neighborhood features 10 distinct single-family homes, each thoughtfully designed to harmonize with the surrounding tropical beauty.

Prime Location

Makena Place is perfectly situated to combine tranquility with accessibility. The community is just a five-minute stroll to two stunning beaches, located near the renowned Makena Surf. Here, residents enjoy the soothing sound of crashing waves and breathtaking sunsets over the Pacific Ocean. The…

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Maui Property Tax Exemptions:

A Guide to the Owner-Occupant & Long-Term Rental Exemptions

If you're a property owner in Maui County, you're likely aware of the potential for property tax exemptions, but understanding which ones you qualify for can be a bit overwhelming. While there are several types of home exemptions available, the two main ones that are most common are the Owner-Occupant Home Exemption and the Long-Term Rental Exemption.

In this blog post, I'll break down the details of both exemptions, explaining how they work, who qualifies, and the steps you need to take to apply. Whether you're a homeowner looking to reduce your property taxes or a landlord renting out your property long-term, these exemptions can offer significant…

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November 2024 Market Report Maui

Maui Real Estate Market Update: Sales Trends & Shifts in Prices

Let’s take a look at what’s happening in Maui’s real estate market right now.

New Listings & Pending Sales
New listings for Single Family homes on Maui have seen a significant jump, rising 33.3%, while condominium listings have barely budged, with only a 0.7% increase. As for pending sales, Single Family homes are doing well, up 3.2%, but condo sales have taken a notable downturn, dropping 35.8%.

Inventory Levels on the Rise
When it comes to inventory, there’s more for buyers to choose from. Single Family home inventory is up by 54.3%, and condo inventory has skyrocketed by 138.5%. That means more options for buyers, though the market is still adjusting to these shifts.

Price…

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How Is The Maui Market?

On Maui, we're seeing some interesting shifts in the real estate market.

  • New listings for single-family homes have increased by 17.0%, and for condos, they're up by 9.8%. This means more options are becoming available for buyers.
  • However, pending sales have taken a hit, dropping by 25.4% for single-family homes and 40.4% for condos. This indicates that fewer homes are going under contract right now.
  • Inventory levels have also risen significantly, with a 25.8% increase for single-family homes and a whopping 198.2% increase for condos. More homes on the market can be great news for buyers, giving them more choices.
  • Interestingly, while the median sales price for single-family homes has jumped by 30.8% to…

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Rate vs. APR:

Understanding Mortgage Interest Charges

 Knowing the difference allows borrowers to accurately compare the true cost of different mortgage offers. While the interest rate shows the cost of borrowing the principal alone, the APR includes additional fees, giving a fuller picture. Understanding both metrics helps borrowers assess the total cost of their mortgage, including fees that might not be obvious at first glance. This ensures they are not surprised by hidden costs later.

Interest Rate:

  • Definition: The interest rate is the annual percentage charged by a lender on the principal amount (the initial amount borrowed).
  • Purpose: It represents the cost of borrowing the principal amount alone.

Annual Percentage Rate…

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