Hawaii Real Estate News Blog

Maui Real Estate Statistics Sales for February 2017

Homes, Condos, and Vacant Land

Maui Real Estate Statistics Sales for January 2017

Homes, Condos, and Vacant Land

 Maui Real Estate Market Comparison 2016 versus 2015 Update.

Here are the latest numbers for 2016 Maui Real Estate market in review versus the year 2015.

Residential Single Family Home sales on Maui, Hawaii were basically flat. Slightly down in terms of overall units sold. Down 1% from 1090 sales in 2015 to 1076 residential sales in 2016. However, the median sales price however rose 10% from $580,000 to $636,000. The total dollar volume in sales for 2016 was up 12% from $932 million to slightly over $1 billion in 2016. The median days on market basically stayed the same at 115 days. 

Condominium sales in the Maui real estate market in 2016 versus 2015 were actually up 10% from 1189 units sold in 2015 to 1310 units sold in 2016.

CONDOMINIUM PROPERTY REGIME BASICS  - - Credit Jakob K. Worsner Attorney at Law 808-877-8877

What is a Condominium Property Regime "CPR"?

• A CPR is a legal mechanism (Hawaii Revised Statutes 514B) for dividing a single property
  into 2 or more separate UNITS OF OWNERSHIP, typically with attached "appurtenant"
  exclusive-use LIMITED COMMON ELEMENTS (yard areas).

• Each CPR unit has its own seperate fee simple ownership (deed), mortgages, encumbrances,
  and CPR TMK NO. (which is found at the end of the property Tax Map Key No.).

• Each CPR unit is separately transferable, saleable, and leasable, and each unit's owner(s) pay
  for their unit's own insurance, property taxes, improvements, expenses, etc.

  CPR PROHIBITED: Occasionally a property

The Montage and Residences at Montage

The Montage and Residences at Montage is possibly the finest five-star plus resort in all Hawaii. It is located directly in front of Namalu and Kapalua Bay on the West side of Maui Hawaii. These are two of the most sacred and visually stunning bays in all of Hawaii.

This Maui Real Estate project was successfully completed in 2009. It consists of over 24 Ocean and Beachfront acres with two hotel buildings and four residence buildings (with a total of 54 owner condo units.) Thanks to a major multi-million dollar renovation (the property used to be known as the Kapalua Hotel) it now truly represents THE pinnacle of luxury on Maui.

There are a few things about the Montage make it truly stand out from other

The Whaler condos for sale located in Kaanapali  West Maui Hawaii are simply some of the best Hawaiian (Maui Real Estate) holdings that money can buy. Why you may ask? The reason is simple. Not only was Maui voted the best island in the WORLD in 2016 according to Trip Advisor, according to actual travel reviews. But also Kaanapali beach has been voted the #1 beach in the world by Condé Nast and many other publications. Now think about the fact the Whaler is only one of two fee simple deeded condos on sack dab in the middle of THAT beach. Everything else is either hotels and/or timeshares. This is a direct ocean and white sandy beachfront resort. It is also located on an oceanfront strand sidewalk that leads up and down the entire Kaanapali  beach.

Many would say that the Kaanapali Alii is the quintessential oceanfront condo to own in all of Maui Real Estate, if not Hawaii.  The logic behind that statement could be the fact that Maui was voted the number 1 tropical island in the world byTrip Adviser, and this was based on actual traveler reviews. Secondly, the Kaanapali beach was voted the number 1 beach in the world by Condé Nast. This is happened many times in the past as well. The Kaanapali Alii is the condominium that sits in the heart of all of that!  On Kaanapali beach there are only two condominiums that you can purchase with a fee simple deed. Everything else are either timeshares or hotels. So that makes the Alii a very sought after asset.

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Launiupoko the "NoKaOi" (Best) Neighborhood on Maui

(Video Embedded in Full Post) The Launiupoko neighborhood represents some of the best homes and land offerings for sale in the West Maui Real Estate market. I don't just say that. I personally live there with my wife and four kids.  My home is perched above the Lauiniupoko Beach park with an epic view of the ocean and more importantly the SURF! No need to go online to check swell reports. I just peek out over the railing of my lanai. I tell people "Every Day" is a "Beach Day" With mounting crowds, traffic and numerous construction projects, being able to access the beach and or just running quick errands to either Lahaina or the "other side" of the island is a snap.

I have provided