Real Estate

Armstrong Builders received two Grand Awards at the 2024 Building Industry Design and Construction Awards, including recognition for La‘i Loa, a luxury condominium development in Wailea.

Hunt Capital Partners announced work on the final phase of the Hale O Pi‘ikea affordable housing development in South Maui. Located in Kīhei, Hale O Pi‘ikea III will introduce a mix of one-, two-, and three- bedroom housing options for low-income families earning up to 30%, 40%, and 60% of the Area Median Income. Phase III adds 35 affordable rental homes and one exempt manager’s unit to its 187 units that are already under construction, offering a total of 223 affordable homes for families and seniors who make a range of incomes. 

A bill aimed at protecting Hawaiʻi renters from algorithmic price-setting has cleared the Senate Commerce and Consumer Protection Committee, which has recommended passage on second reading and referral to the Judiciary and Ways and Means committees.

The median sales price of a condominium in Maui County has fallen to $675,000, the lowest level in two years. Meanwhile, condo resales volume has been down in the double-digit percentage points for eight of the last nine months.

If selling land is a last resort, the pledge recognizes that real estate professionals can serve as a safety net that connects homeowners with resources to help keep their families on their land.

The median sales price of a single-family home in Maui County rose to $1,374,238 in December 2024, a 14.5% increase over the same month in 2023 and just 2.4% less than the all-time highest median price of $1,408,287, set in September 2024.

A report by the Hawaiʻi Housing Finance and Development Corp. says systemic barriers in Hawaiʻi constrain housing production and lie at the root of the state’s housing shortage and residents’ high cost of living.

The median price of a single-family home on Maui was $1.3 million in November, according to a monthly statistical report by the Realtors Association of Maui. That’s $100,000 short of the all-time, $1.4 million record set in September of this year.

Permanently Affordable Living Hawai’i announced a $626,000 donation from Priscilla Chan and Mark Zuckerberg, which will be used to place five homes at Kauhale O Kīlauea into PAL’s Ho’omaluhia Community Land Trust.

The median price of a single-family home on Maui was $1.3 million in October, down $100,000, or 7.1% from the all-time high of $1.4 million, posted in September, according to monthly statistics from the Realtors Association of Maui.

Housing affordability is one of the most critical issues facing our community today. As the president of the REALTORS Association of Maui, I want to emphasize our commitment to fairness, transparency, and responsible practices in the real estate industry.

The median price of a single-family home came in at more than $1.4 million in September — an all-time high, according to the Realtors Association of Maui.

While Maui County’s resident population of roughly 164,000 represents about 11% of Hawaiʻi state residents overall, the Tri-Isle county had the highest supply of available vacation rental unit nights of any county in the state in August, according to a report by the Hawaiʻi Department of Business, Economic Development & Tourism.

The Rotary Club of Kahului welcomes commercial realtor, Brian Rose to its weekly meeting on Monday, Sept. 24, 2024, from 12 to 1 p.m. He will speak on the current state and future of commercial real estate on Maui.

Rent stabilization is legal, but will it work to help residents at the mercy of landlords seeking the highest possible return on their Maui property investments? That’s the question left hanging after Maui County Council members heard Monday evening from more than two dozen testifiers, most of whom favored putting brakes on runaway rental costs.

August 2024 saw Maui’s housing market exhibit contrasting trends, with single-family homes experiencing both a rise in sales and an increase in median prices, according to the latest data from the Realtors Association of Maui. The median sales price for single-family homes increased by 10.4% compared to August 2023, reaching $1,325,000, indicating continued demand at higher price points. Meanwhile, condominium sales dropped by 34.7%, though the median price for condos surged to $1,000,000, a 33.3% increase.

Maui Planning Commission members breezed by a proposed policy statement in the draft South Maui Community Plan update Tuesday evening, agreeing by consensus that the plan would aim to increase long-term residential housing by phasing-out short-term rentals from Māʻalaea to Kanaio.

Maui Planning Commission members will take up the draft South Maui Community Plan update on Tuesday, and it comes with a very hot potato — a policy statement to increase residential housing by phasing-out short-term vacation rentals.

Closings of condominium sales have dropped by double-digit percentages in the three months since Mayor Richard Bissen announced a proposal to phase out thousands of short-term rentals in apartment-zoned districts, according to monthly statistics from the Realtors Association of Maui.

A beachfront estate in Wailea-Mākena, Maui, Hawaii, is set to hit the auction block next month via Concierge Auctions. The estate, 4610 Mākena Road, is listed at $33 million and will be presented in cooperation with Nancy Callahan of Coldwell Banker Island Properties and Paul Stukin of Deep Blue HI.