Real Estate News

There are currently 82 blog entries related to this category.


The holidays aren't just about the decorations, but all the lights and life-sized gingerbread houses certainly make Maui a little more magical this time of year.

With just five days until Christmas, you may have noticed the neighborhoods aglow with strings of lights and life-size reindeer, while soaring Christmas trees tower in the lobbies of Maui's finest resorts. If you’re planning to spend this next week on Maui, it’s definitely worth making the time to visit some of the island’s most decked out businesses, neighborhoods and Christmasy attractions.

To make it easier on you, we made a list of our favorite places to enjoy the holidays with cheer and Aloha.

Photo by Thad Zajdowicz.

THE LAHAINA BANYAN TREE

Nothing quite compares to

346 Views, 0 Comments.

 

Traveling down the carriage driveway to H.A. Baldwin’s Olinda vacation home is truly like going back in time.

Perched atop the slopes of Haleakala, this historical 60-acre estate was once the vacation home for one of Maui’s most influential families. The home was built in 1912 by Henry Alexander Baldwin, a sugarcane plantation manager and politician who served as congressional delegate during Hawaii’s territorial era.

“When you walk in, it's like you're stepping back into the 1920s or the 1930s,” said Wendy Peterson, the Island Sotheby’s International Realty agent who’s representing the seller.

This timeless property looks as if it’s out of a storybook, with 6,000 square feet that includes spacious living areas, verandas, six bedrooms

336 Views, 0 Comments.


It’s not even into the busy winter season for Maui’s real estate agents, but sales prices are rising and demand is growing.

Compared to last year, the median sales price for all properties is up 9.5 percent, according to  recent data from the Realtors Association of Maui. At the same time, homes for sale are down 17.3 percent compared to last year.

“We have limited inventory, even the new developments are selling out,” said Island Sotheby’s International Realty agent Volker Weiss.

Live beachfront at Maluhia at Wailea.

The busiest time of year for agents usually starts in January when visitors flock to the islands to avoid chilly temperatures. But even a month before the busy season kicks off, new developments are almost sold out, said

245 Views, 0 Comments.


It’s the most wonderful time of the year - especially for Maui’s real estate professionals.

Each winter, thousands of visitors flock to the islands’ warm weather and white-sand beaches to flee chilly temperatures on the mainland. And some of those visitors - particularly ones that return year after year - decide to invest in vacation properties of their own. 

This Wailea Elua unit is situated one of South Maui's most elite condominium complexes.

Over the last year, condominium sales on Maui soared - even before winter, which is by far the busiest sales season. Now, Maui’s real estate professionals are gearing up for could be some very successful winter months.  

“It’s starting to get cold on the mainland so they come to Maui to enjoy our

295 Views, 0 Comments.

 

After 22 years, Van Halen’s Sammy Hagar has decided to part ways with his oceanfront estate.

“It’s like island living inside the house,” Hagar told the Los Angeles Times. “This place is like a painting.”

Situated atop the azure waters of Waipio Bay in lush Haiku, Maui, the 9.8-acre, cliffside retreat is being offered for $3.299 million through Island Sotheby’s International Realty agent Becky Hanna.

“It can be the most perfect place on earth,” said Hanna.

The three-bedroom, two-and-a-half-bath villa is situated on one of Maui’s most sustainable properties, equipped with solar-powered electricity, a private water well and water catchment. There’s also a tilapia pond, fruit trees and a terraced vegetable garden, allowing for

2,086 Views, 0 Comments.

Its very important to know your credit score and obtaining a recent copy of your credit report.  You want to make sure all the information listed on your report is accurate and work to correct any mistakes. The higher your credit score, the more likely you will be to receive a better interest rate for your mortgage, which will translate into more ‘home for your money.’

Many potential buyers believe that they need a 750 FICO® Score or higher to be able to purchase a home. The truth is that according to Ellie Mae’s Origination Report, over 53% of loans were approved with a FICO® score under 750 last month!

Here are some tips for improving your credit score:

  • Make payments, including rent, credit cards, and car loans, on time.
  • Keep your
283 Views, 0 Comments.

 

The third quarter of 2017 was a busy one for Island Sotheby's International Realty agents, who facilitated transactions of millions of dollars in condominiums and homes.

From expansive Kula estates to exquisitely designed condominiums, our real estate agents represented buyers and sellers of some of Maui's finest residences. Here are a few of our favorites:

$4,500,000 | COCONUT GROVE, KAPALUA

Living in Coconut Grove is truly living in paradise. The private, oceanfront community is nestled just above the white sands of Kapalua Bay.

With three bedrooms and three and a half bathrooms, the elite condominium that sold was designed with pocketing doors that reveal views that sweeps from tropical gardens to the outer islands of Moloka’i and

379 Views, 0 Comments.


Condominiums sales are quickly outpacing those for single-family homes, according to the Realtors Association of Maui.

Condominiums sales have soared recently on Oahu, the Big Island and Maui. On the Valley Isle, sales are up 7.3 percent compared to last year, while the median sales price rose 10 percent. Sales of single-family homes, on the other hand, only crept up by 1.6 percent.

“The condo market is definitely on an upward swing with sales,” said Ryan MacLaughlin, Broker at Island Sotheby’s International Realty. “The inventory is actively dropping and we are not even in our winter or busy market yet.”

This unit offers the most breathtaking views found at Wailea Point.

According to real estate data, there were 812 closed

383 Views, 0 Comments.

Island Sotheby’s International Realty agents joined in a night of celebration at the 2017 Realtor Association of Maui’s Installation Banquet.

In part, the banquet celebrated the Realtors Association’s Scholarship Fund, which has awarded $610,000 in scholarships to Maui County’s high school students since 1989. This year, the realtor association created a sponsorship program called Mea Kako'o to further benefit the fund.

Island Sotheby’s International Realty donated $1,000 to the fund, which is awarded to Maui’s high school students to assist them with their tuition and other college expenses. This is just one of several donations to the community that Island Sotheby’s International Realty has made so far this year.

But Island Sotheby’s Realty

250 Views, 0 Comments.


Just like the rest of the nation, Maui is two years into a sweeping trend of dropping housing supply and soaring sales prices.

According to a recent report by the Maui Association of Realtors, inventory dropped 9.9 percent for single-family homes and 21.9 percent for condominiums in August. This comes as the median sales price is hovering around $700,000 for a single-family home.

Alex Cortez, Broker with Island Sotheby’s Realty Wailea, said this is a sign of a seller’s market, largely created by increasing demand for homes.

This Kapalua estate in Pineapple Hill recently came on the market. 

“Even though new listings are still up sufficiently year over year, it's not enough to keep up with the demand,” said Cortez.

Right now, it’s

423 Views, 0 Comments.