Depending on what type of property you own in Maui County, you could be paying a higher property tax bill.

The Maui News recently reported that the county council approved a property rate rate increase for the next fiscal year (July 1, 2019 - June 30, 2020), with hotels and resorts seeing the highest hike. Homeowners, however, won’t see a significant increase in their tax rate.

These are the changes:

 

• Hotels and resorts will see a surge from $9.37 per $1,000 of net taxable assessed value to $11.00 per $1,000 of net taxable assessed value, a boost of 17 percent.

• Short-term and vacation rentals will see an increase from $9.28 per $1,000 of net taxable assessed value to $10.75 per $1,000 of net taxable assessed value, a

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Island Sotheby’s International Realty agent Courtney Brown R(S) has yet again facilitated the sale of a unit in one of West Maui’s newest and most luxurious communities — the Montage Residences Kapalua Bay.

Nestled in the heart of the Kapalua Resort, Brown represented the buyers of a $4.95 million unit — a three-bedroom residence directly fronting the azure Pacific Ocean. Situated on the ground floor, the new owners of the nearly 3,000-square-foot condominium will be able to stroll from their home to beautiful walking trails leading to the silky, white sands of the famed Kapalua Bay and through the Kapalua Resort.

This expansive unit boasts three and a half bathrooms, in addition to a den. One of the most desirable features is the spacious,

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Island Sotheby’s International Realty is proud to announce that Jane Ford R(B) has become one of the latest agents to join the prestigious firm’s growing team of real estate professionals.

Jane moved to Maui from Grand Cayman last year, where she was a broker with the Sotheby’s brand while representing clients seeking luxury vacation properties and second homes. She has more than 25 years of experience in real estate both abroad and in the United States, including previously owning her own brokerage on the Outer Banks of North Carolina. Jane provides her clients with the breadth and depth of knowledge necessary to navigate the intricacies of real estate transactions.

Whether she’s representing a first-time home buyer or an investor searching

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Despite predictions for a tougher year for the real estate industry, the number of sales and property prices are holding steady on Maui.

Each month, the Realtor Association of Maui releases market statistics, including a broad outlook of the industry and historical data. The numbers from February 2019 show that new listings jumped 7 percent and pending sales increased 10 percent for single-family homes compared to the year before.

The growth wasn’t positive for condominiums, however. New listings decreased 21 percent and pending sales dropped 24 percent.

And for both condominiums and single-family homes, inventory remained tight: It actually dropped 14 percent for single-family homes and 22 percent for condominiums. A steady demand for homes

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A breathtaking condominium in Wailea has sold for $3.39 million, marking one of the first significant sales for Island Sotheby’s International Realty agents in 2019.

Ryan MacLaughlin, principal broker and owner of the prestigious real estate firm, facilitated the sale of the 2,426-square-foot condominium, nestled in the heart of the luxurious Wailea Resort. Ho’olei is known as one of the finest developments on its kind on Maui, with resort-style amenities like lavish pools, spas, outdoor barbecue areas and an extensive fitness facility equipped saunas, locker rooms.

“The most alluring thing about this unit is its location,” explained MacLaughlin. “It is perched at the very top of southeast corner of the property, allowing for sweeping ocean

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    Island Sotheby's International Realty is proud to announce that Keoni Grundhauser R(S) is one of the newest members to join the globally-recognized firm's team of real estate professionals.    Keoni has a long history in the islands. A fifth-generation Maui resident, he graduated from Seabury Hall and went on to study at Colorado State University before returning home. Prior to joining Island Sotheby's International Realty, he worked as a facilitator for Hawai'i VIP and Makena Wailea Property Services before delving into real estate. When he's not working with clients, you can usually find him outdoors exploring Maui's lush hiking trails or azure waters.      As part of Island Sotheby's International Realty's team, Keoni is…

It’s that time of year when reflect on the recent past, look ahead and make plans to achieve new dreams.

If those plans include buying or selling a home or condominium on Maui, we’ve got you covered. 2018 was a record year for Island Sotheby’s International Realty, which represented listings that would break sales records in Hawai'i, including a sprawling $49 million Kapalua estate and a condominium at Wailea Point offered for $25 million.

But experts say 2019 could hold even more opportunities, especially for buyers. It’s no secret that over the past couple years, inventory has been tight — new properties have been hitting the market, but not enough to keep up with the demand. That trend, however, could change a bit.

“I believe that in

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One of Island Sotheby’s International Realty Realtor Becky Hanna R(B) has become one of the first on Maui to receive the National Association of Realtors’ Green Designation.

NAR’s Green Designation is the association’s only conferred certification designed for real estate professionals who want to become better informed about energy-efficiency and sustainability in real estate. Across the globe, homeowners, builders and general consumers are becoming more and more aware of these issues, especially when it comes to the facets of green living and reducing carbon footprints.

“Since I care deeply about the environment, I knew obtaining the Green designation will help and encourage clients to care though consciously building green and promoting a

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Now that 2018 is coming to an end, it's clear that it was a record year for the Island Sotheby's International Realty team. 

Right now, two of Island Sotheby’s International Realty’s current listings would break sales records in Hawai'i: a sprawling 10-acre oceanfront estate in Kapalua offered for $49 million and a condominium at Wailea Point offered for $25 million. But those are just two of several highly significant listings, ranging from luxurious condominiums to swaths of historic ranches. We put together a list of our most notable listings as we close out 2018:

9 Bay Drive | $49 million

This breathtaking estate could be the largest sale ever for a single-family home on Maui. Located on a sprawling 10-acre oceanfront property, this

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A national report released by data analyst CoreLogic showed Hawai’i had the fourth greatest home equity gain of all states in the nation — an average increase of nearly $30,000.

Over the last year, home values appreciated because the economy continues to strengthen — which means many homeowners, especially those in Hawai’i, are raking in equity. Across the country, California led the way with an average gain of $49,000, followed by Washington with $41,000 and Nevada with $32,000.

Generally, western states saw the highest gains, while the average homeowner nationwide gained $16,200 in home equity. The report examined year-over-year equity gain per borrower from the second quarter of 2017 to same period in 2018.

“When aggregated across all

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