Maui Real Estate Blog - Kapalua, Upcountry, Wailea News and More.

U.S. existing-home sales declined for the third consecutive month, as higher mortgage rates and rising sales prices hindered market activity during what has traditionally been one of the busiest months of the year.

Maui: Year to Date 2024 vs. Year to Date 2023
New Listings increased 19.6 percent for Single Family homes and 46.7 percent for Condominium homes. Pending Sales decreased 1.5 percent for Single Family homes and 19.2 percent for Condominium homes.
Median Sales Price increased 13 percent to $1,300,000 for Single Family homes and 7.1 percent to $899,500 for Condominium homes. Days on Market increased 0.8 percent for Single Family homes but decreased 9.3 percent for Condominium homes.

Click HERE for June's full Market Update

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Photo: Courtesy of Trust for Public Land and Scott Drexler

Trust for Public Land (TPL), the State of Hawaii Department of Land and Natural Resources (DLNR), the County of Maui, and community supporters, jointly announced recently the purchase of the 257-acre Pōhākea property by the State Department of Land and Natural Resources. This event is a significant win for the Maui community, emphasizing the island's ongoing commitment to preserving its natural landscapes and cultural heritage. The property, also known as Māʻalaea Mauka, now includes essential resources like three wells and a 750,000-gallon water tank that will provide sustainable environmental benefits.


Photo: Courtesy of Trust for Public Land and Scott Drexler

The strategic acquisition

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Sitting just off the pristine sands of Keawakapu Beach, 3060 S. Kihei Road in Kihei, Hawaii, presents a unique opportunity to own a legacy estate in one of Maui's most coveted locations. Priced at $42.5 million  this breathtaking property offers the perfect blend of luxury, privacy, and convenience, making it an ideal sanctuary for those seeking the ultimate island lifestyle.

This exquisite beachfront estate spans over 6,125 square feet of interior living space and is situated on a 0.6-acre lot. Built in 1988, the multi-family home boasts five bedrooms, six full bathrooms, and one partial bathroom, providing ample space for family and guests. The estate features extended beach frontage, offering unrivaled panoramic views of year-round sunsets,

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Grand Wailea Fireworks

July 4, Grand Wailea Resort, Wailea

Celebrate Independence Day with a spectacular beachfront fireworks display at the Grand Wailea Resort. This event is part of the resort's Fourth of July celebrations, which include live entertainment, food, and activities for guests and visitors. This event offers a perfect blend of relaxation and excitement, allowing guests to enjoy the holiday in a beautiful and luxurious setting.

Find more information at The Grand Wailea.

 

Makawao Stampede Rodeo

July 4, 5:00PM, Makawao Town Block Party

July 5th to July 7th
Makawao Stampede RODEO schedule at the Oskie Rice Event Center

  • Bull Bash: July 5, 2024, 7:00 - 9:00 PM

  • Rodeo: July 6, 2024, 1:00 - 5:00 PM

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U.S. existing-home sales fell for the second month in a row, sliding 1.9%month-over-month and 1.9% year-over-year, according to the National Association of REALTORS® (NAR), with sales down in all four regions of the country. Higher borrowing costs and accelerating home prices continue to weigh on demand, pushing some prospective buyers to the sidelines and causing market activity to slump ahead of summer.

 

Maui: Year to Date 2024 vs. Year to Date 2023

New Listings increased 18.0% for Single Family homes and 54.4% for Condominium homes. Pending Sales increased 4.1% for Single Family homes but decreased 15.2% for Condominium homes.

Median Sales Price increased 11.1% to $1,300,000 for Single Family homes and 5.4% to $865,000 for

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Welcome to Kihei, where every sunset paints the sky with a palette of colors that could rival any masterpiece. Known for its stunning coastal views and vibrant community, Kihei also offers some of the best locations to watch the sun dip below the horizon. Whether you’re seeking a tranquil beach, a vibrant social scene, or an upscale dining experience, Kihei has it all. From the serene sands of Keawakapu Beach to the lively atmosphere at Maui Brewing Co., discover the best places to catch a stunning Hawaiian sunset.

 

Keawakapu Beach

3035 S Kihei Rd, Kihei, HI 96753

For a serene sunset experience, head to Keawakapu Beach, stretching along the south end of Kihei. This hidden gem, extending from south Kihei to Wailea’s Mokapu Beach,

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Starting July 1, most Maui homeowners will see their property taxes remain the same or decrease, following the new rates unanimously approved by the Maui County Council.

The resulting decrease in revenue will be offset by higher taxes on non-owner-occupied homes, as well as increased taxes on bed-and-breakfast operations and short-term rentals that serve as the owner's primary residence.

Property is classified based on its highest and best use. Properties receiving home exemptions, condominiums, permitted bed and breakfasts and permitted transient vacation rentals are exceptions. Condominiums are classified upon consideration of their actual use — Non-owner-occupied, Commercial, Short-term/Vacation rental, Long-term rental (new classification),

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June is a vibrant month on Maui, offering numerous events that celebrate the island's rich culture, heritage, and natural beauty. From the Maui AgFest & 4-H Livestock Fair on June 1st, which highlights the agricultural roots of the island, to the gourmet indulgence of the 43rd Annual Kapalua Wine and Food Festival, there's something for everyone. Film enthusiasts can explore marine conservation at the World Whale Film Festival, while music lovers can enjoy the unique sounds of slack key guitar at the Kī hō`alu Festival. With Juneteenth celebrations, local concerts, and the lively Makawao Rodeo Week, June on Maui is packed with must-see events.

 

 

Maui Ag Fest and 4H Fair

Saturday, June 1, 2024, 9:00 AM - 4:30 PM, War Memorial Complex in

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U.S. existing-home sales recently fell from a one-year high, dropping 4.3% month-over-month to a seasonally adjusted annual rate of 4.19 million, according to the National Association of REALTORS® (NAR), as higher interest rates and rising sales prices continue to keep some prospective buyers on the sidelines. 

 

 

Maui: Year to Date 2024 vs. Year to Date 2023 New Listings increased 22.4% for Single Family homes and 40.7% for Condominium homes. Pending Sales increased 10.1% for Single Family homes but decreased 9.8% for Condominium homes. 

 

 

Median Sales Price increased 13.3% to $1,300,000 for Single Family homes and 7.3% to $880,000 for Condominium homes. Days on Market increased 4.1% for Single Family homes but

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Maui is celebrated not only for its stunning landscapes and rich cultural heritage but also for its unique biodiversity. Highlighting the vibrant conservation efforts that preserve the ecological wonders of Maui’s upcountry regions showcases the commitment to ecological preservation.

From the majestic Nēnē bird to the lush landscapes of Kula, conservation here is a celebration of community and commitment to sustainability, reflecting a deep-rooted respect for nature. By exploring these efforts, it’s clear to see how the local initiatives enrich our communities, maintaining harmony between growth and the natural world.

In the heart of Makawao, The Maui Forest Bird Recovery Project (MFBRP) plays a vital role in the revival of Maui’s cherished

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