Hawaii Real Estate News Blog

Kapalua Ridge Villas 360 Virtual Aerial Tour

 

The Kapalua Ridge Condos are nestled in one of the most desirable areas on Maui and yet it enjoys peace and quiet with no through traffic and buildings spread out over a much larger area than most of our condominium developments. Check out what is for sale below and plan to visit soon to experience this island paradise. Click Here to see all recent sales and all current active listings for sale. 

Please Enjoy this Kapalua Ridge Villas 360 Virtual Aerial Tour

 

Three of Hawaii's greatest beaches are located at the Kapalua Resort, which is only a short stroll from the villas. A number of accolades for quality have been given to one of these beaches, Kapalua Bay, including "Best Beach in

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Maui Real Estate Statistics September 2022

Please CLICK HERE for the Full Report

The U.S. real estate market continues to slow as we move into fall, as rising consumer prices and higher mortgage interest rates squeeze homebuyer budgets and cool activity. With inflation showing little sign of abating, the Federal Reserve implemented another 75-basis-point hike in September, marking the third such rate increase this year. The cost of borrowing has reached multi-year highs on everything from credit cards to auto loans in 2022 as mortgage interest rates topped 6% for the first time since 2008, causing existing home sales to decline for the seventh consecutive month. New Listings decreased 39.3 percent for Single Family homes and 52.7 percent for

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Kapalua Bay Villas - The Sweet Spot of West Maui Condos

The Kapalua Resort community is located in this region of Maui, which the ancient Hawaiians called "Honokahua." In all of the Kapalua Resorts, the Kapalua Bay Villas were the very first high-end vacation condos to be built. They are among the most immaculate and lavish villas in West Maui, consisting of 141 condominiums located directly between (and a very short walk) to Kapalua Bay and Oneloa Bay (aka Ironwoods Beach). The Bay Villas literally have some of the best breathtaking Pacific Ocean vistas in all of West Maui, as well as front-facing views of the islands of Molokai and Lanai. Private lanais are included in each property, which range in size from 1,100 to 2,000 square feet.

Please

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Ritz Carlton Maui

The Ritz Carlton Residences in Kapalua, which opened in 2009, is made up of 84 premium residences scattered across 24 beautiful ocean front acres in the famed Kapalua Resort region. Residence owners benefit from exclusive privileges and exclusive access to opulent amenities within a dedicated wing of the Ritz Carlton Kapalua hotel, which also offers breathtaking ocean views. Each of these available 1- and 2-bedroom condo suites features roomy living areas, a kitchen, and a private veranda for the potential buyers. These are full ownership homes that give their owners the option to make money by renting out the space while they aren't using it themselves.         In my 11+ year career of selling short-term vacation…

Maui Real Estate Statistics August 2022

Please CLICK HERE for the Full Report

Summer 2022 has been a season of change for the U.S. real estate market. With housing affordability at a 33-year low, existing-home sales have continued to soften nationwide, falling 5.9% month-to-month and 20.9% year-over-year as of last measure, according to the National Association of REALTORS® (NAR). Pending home sales have also continued to decline, while new listings have steadily increased, with unsold inventory reaching 3.3 months’ supply at the start of August. The pullback in demand has been particularly hard on homebuilders, causing new-home sales and construction to slow. New Listings decreased 26.7 percent for Single Family homes and 40.1 percent for

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Maui Real Estate Statistics July 2022

Please CLICK HERE for the Full Report

The U.S. housing market has continued to cool, as rising mortgage rates and record-high sales prices have stifled affordability, weakening demand and pricing out a multitude of buyers. Nationally, median household income has failed to keep pace with increasing mortgage payments, with the costs of buying a home about 80% more expensive now than they were just three summers ago, according to the National Association of REALTORS® (NAR). As more and more prospective buyers find their home purchase plans delayed, many are turning to the rental market, where competition has intensified due to increased demand.  New Listings decreased 38.7 percent for Single Family homes and 16.9

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2022/2023 Maui County Property Tax Rates

Here are the updated rates for this coming fiscal year. If there is any change in rates, last years rates are noted for reference. All rates shown below are per $1,000 of assessed value.

Please enjoy my Maui Property Tax Calculator to figure out your exact tax liability for each property type. Click www.MauiPropertyTax.ORG

 Owner Occupied

• Tier 1: up to $1,000,000 Formerly $2.41 now $2.00
• Tier 2: $1,000,001 to $3,000,000 Formerly $2.51 now $2.10
• Tier 3: more than $3,000,000 Unchanged $2.71

Non Owner Occupied

• Tier 1: up to $1,000,000 Formerly $5.45 now $5.85
• Tier 2: $1,000,001 to $4,500,000 Formerly $6.05 now $8.00
• Tier 3: more than $4,500,000 Formerly $8.00 now $12.50

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Maui Real Estate Statistics June 2022

Click Here t o See Full Report

Rising inflation, soaring home prices, and increased mortgage interest rates have combined to cause a slowdown in the U.S. housing market. To help quell inflation, which reached 8.6% as of last measure in May, the Federal Reserve raised interest rates by three quarters of a percentage point in June, the largest interest rate hike since 1994. Higher prices, coupled with30-year fixed mortgage rates approaching 6%, have exacerbated affordability challenges and rapidly cooled demand, with home sales and mortgage applications falling sharply from a year ago. New Listings increased 1.4 percent for Single Family homes but decreased 18.6 percent for Condominium homes. Pending Sales

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Major TVR Phase-Out Update

For approximately 9 months now, RAM has been actively working to oppose two TVR phase out proposals that would have stripped thousands of property owners of their vested rights and caused major economic turmoil for the county. I am pleased to share that our policy arguments and hard work have finally paid off, and the Maui County Council has decided to take their TVR “phase out” in a much different direction. Instead of the legislative proposals we were opposed to, the Planning and Sustainable Land Use Committee of the Maui County Council opted to pursue an alternative model that would allow condominiums to voluntarily eliminate TVR use if a majority of unit owners agree. The current proposal would require 100% of unit owners

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KAHANA BAY EROSION MITIGATION

PROJECT OVERVIEW
For decades, the shoreline of Kahana, Maui has experienced severe coastal erosion from sea level rise (SLR), storm events, and shoreline development. This has resulted in risk to public safety, threats to environmental quality, reduced coastal access, and damage to property and infrastructure. Almost all the properties in the project area have some form of shoreline erosion control, from seawalls to vegetated berms. The community is seeking ways to manage the important resources of Kahana Bay for generations to come. The Proposed Action presents a sustainable, resilient, community-based solution to mitigate regional shoreline erosion that could serve as a model for nature-based approaches to the severe

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