Real Estate

Tuesday, December 15, 2020

Tax Credit Financing Secured for 89-Unit Kaiāulu O Kupuohi Development in Lahaina, Maui

Hunt Capital Partners, in collaboration with Ikaika ʻOhana and Urban Housing Communities LLC, announced the closing of $21.9 million in federal and $8.1 million in state low-income housing tax credit equity for the new construction of Kaiāulu O Kupuohi in Lahaina, Maui.
Tuesday, December 01, 2020

Maui Real Estate Report for October Shows Activity Up and Supply Down

The REALTORS® Association of Maui released its October 2020 real estate statistics report that shows for this time of year buyer activity remains higher than normal while many segments of the market housing supply remains lower.
Wednesday, November 18, 2020

Nā Hale O Maui Completes Kahoma, Lahaina Affordable Housing Project

Nā Hale O Maui today announced the completion of its Kahoma permanently affordable workforce housing project in Lahaina. Nā Hale O Maui is able to sell homes at below-market prices by keeping the land in trust, subject to a 99-year lease with the homeowner. The 12 three- and four-bedroom homes at Kahoma, which appraised between $745,000 to $800,000, were purchased between $390,000 to $460,000, with 3% down.
Tuesday, November 10, 2020

Armstrong Builders Receives Grand Award from Building Industry for Maui Affordable Development

At the 2020 Building Industry Design & Construction Awards, Armstrong Builders received a Grand Award for Kalama Kai, an affordable multi-family development on Maui. It was recognized in the Projects up to $500,000 category.
Monday, November 09, 2020

DHHL Publishes Final EA for Pu‘unani Subdivision on Maui

The Department of Hawaiian Home Lands has published its final Environmental Assessment with a Finding of No Significant Impact for the Puʻunani Subdivision in Waikapū, Maui.
Monday, November 09, 2020

$1.8 Million Headed To Hawai‘i To Help Renters Who Lost Income Due To Pandemic

US Senator Brian Schatz of Hawai‘i announced that Hawai‘i will receive $1,820,264 in federal funding to support the Housing Choice Voucher program. These funds will help support rental assistance programs for current voucher holders who lost their job or saw a significant reduction in income due to the pandemic.
Monday, October 19, 2020

Hawai‘i REALTORS® Donate PPE and Cleaning Supplies to Maui Schools

Hawai‘i REALTORS®, a statewide professional trade organization for the real estate industry, donated personal protective equipment and cleaning supplies to schools throughout the state in early October as part of REALTOR® Action Day (RAD).
Monday, October 19, 2020

Ledcor Launches Sales at Maui’s New Luxury Residential Development in Wailea

Maui’s new luxury residential development, Laʻi Loa in Wailea, is now open for sales. La’i Loa, the first release within the master-planned Wailea Hills Collection, is a 13-acre community with 75 condominium residences spread across 15 boutique-sized buildings. 
Saturday, October 17, 2020

Third Quarter Maui Real Estate Stats with Fidelity National Title & Escrow

SPONSORED: Here on Maui, even in the midst of all these changes and with the mandatory 14-day quarantine – which has basically cut off tourists from visiting –  the Maui real estate market is in a U recovery and gaining momentum.
Saturday, October 10, 2020

REALTORS Association of Maui Released Real Estate Statistics for September

The REALTORS® Association of Maui has released the September 2020 real estate statistics for Maui County. The report shows that housing and stock markets continue to be the leaders in the economy. In August, real estate showings and pending sales remained at strong levels while housing inventory remained limited, continuing the competitive bidding market we have seen in recent months.
Friday, October 09, 2020

HTA: Maui County Hotels were 8.6 Percent Occupied With an ADR of $207 in August

The Hawaiʻi Tourism Authority report showed Maui County with 123,100 available unit nights in August, which is a decrease of 57.9% compared to a year ago, the largest vacation rental supply in all four counties; unit demand also decreased 94.7% with 12,100 unit nights, resulting in 9.8% occupancy with an ADR of $229.
Friday, October 09, 2020

90-Day Extension Authorized for Deferral of 10% Penalty on Maui Real Property Taxes Due Aug. 20, 2020

Maui Mayor Michael Victorino has authorized a 90-day extension, now to Nov. 19, 2020, for the deferral of the 10 percent penalty for Real Property Taxes that was due on Aug. 20, 2020, because of the financial impacts of the COVID-19 pandemic.
Friday, October 09, 2020

Hawai‘i Has Authorized 1,527 New Housing Units in 2020

The report notes that while home sales and new construction fell sharply during the onset of the pandemic, both have rebounded aggressively, fueled by a combination of low interest rates, increased demand and a growing preference for low-density housing.
Tuesday, October 06, 2020

UHERO: Thousands in Hawai‘i are Delinquent on Rent

A new report compiled by the University of Hawaiʻi Economic Research Organization shows that the number of tenants fully caught up on rent dropped from 95% prior to the pandemic to 85% in August.
Friday, September 25, 2020

Get Away From It All in Lahaina, Maui

ADVERTISEMENT: 1437 Front Street, Lahaina: Maui Oceanfront Home for Sale Get away from it all…imagine waking up to the sound of the ocean every morning.  The water is at your doorstep….swim, paddleboard, surf, kayak, and snorkel, or sit on the shaded lanai and read while listening to the gentle waves.  Enjoy Maui’s spectacular sunsets, and in […]
Friday, September 18, 2020

August 2020 YTD Maui Real Estate Statistics

August 2020, was the first month since March 2020, where the numbers of properties placed in escrow and the number of properties recorded exceeded the totals from that same month a year ago.
Wednesday, September 09, 2020

RAM: Maui Median Home Price Down 3.2% to $799,000

The Realtors Association of Maui reports that healthy housing demand and limited inventory will continue to create “significant tailwinds” in the near term for the housing market.
Friday, September 04, 2020

Two Maui Families Get Keys to Their New Home Through Habitat Housing Program

Year to date, Habitat for Humanity Maui has completed four homes in the Kahoma Residential Subdivision and is projecting to finish this development by the end of the year.
Sunday, August 16, 2020

July 2020 YTD Maui Real Estate Statistics

Home sale recordings increased 2% since April 2020, now accounting for 40% of the total transactions on Maui – condo sales at 54% and land sales at 6%. Pending sales also continue to increase since April 2020. 
Monday, August 10, 2020

Habitat Maui Receives $35,000 for Affordable Homes at Kahoma

The 68 lot subdivision features 10 homes built and sold by Habitat.  It is projected to be completed by the end of the year.
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