Account

Find us on...

Dashboard

Login using...

New Search X

July 2020

Found 3 blog entries for July 2020.

Maui Property Taxes

Calculator

One of the most common questions I get selling real estate on Maui is "How much are taxes?" With so many people retiring on a fixed income, or hard working families looking to keep home ownership costs under control, knowing what the tax man will take is a major key consideration in a purchase. 

Here are the top 5 things you need to know about real property taxes on Maui. (Click Here for Maui Tax Calculator)

  1. The advertised tax cost in the listing is not necessarily what you will be paying! Why? Because when you close on a property on Maui, you “inherit” the tax rate of the previous owner, until the next fiscal tax year (which actually begins in the summer!) So let’s say you purchased a home from a second

347 Views, 0 Comments

Corona Virus Impact on Closed Sales for Homes, Land and Condos on Maui

Maui Real Estate Update July 16, 2020

Aloha! And welcome to another weekly Maui Real Estate Report from Eric West. Here is what's new and developing for the week of July 16th 2020. To see the entire Google Sheets spreadsheet please click here

If you are curious about the effect of COVID on the Maui Real Estate market in the month of June 2020, check out this comprehensive report

  1. We had another 26 price reductions averaging 7% and a total dollar discounting of just under $2M. This is quite a bit lower than what have been seeing during this Coronoa Virus time period. The two most notable reductions came from 3806 Lower Honoapiilani Rd with a $251,000 reduction in price

462 Views, 0 Comments

Maui Real Estate Market Watch

Aloha! And welcome to another weekly Maui Real Estate Report from Eric West. Here is what's new and developing for the week of July 1st 2020.

(click here for access to all of the details in the report)

  1. We had another 35 price reductions averaging 9% and a total dollar discounting of just under $6M. This is on par with what have been seeing during this Coronoa Virus time period. The two most notable reductions came from 300 Kepa Rd with a $2.7M reduction in price (34% off asking)  and 3360 Kuaua Pl with a $500K reduction (24% off asking). 

  2. For the week the market saw 55 closings for a total sales volume of just under $44M. By way of comparison, the same week last year had 76 closings for $65M. That’s a

344 Views, 0 Comments