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Tagged : maui hawaii corona virus

Found 9 blog entries tagged as "maui hawaii corona virus".

Maui Short Term Vacation Rentals - Condos and Homes

Investment Pitfalls and The Minatoya List

This is a hot topic across the entire vacation rental market worldwide and Maui is no exception. The goal is basically to keep vacationers and other short-term visitors in the hotel districts and out of neighborhoods for various reasons ranging from crowded parking, unruly behavior, affordable housing shortage for locals, and loss of employment opportunities for hotel workers and many more. Threats to reassess properties for tax purposes at sky-high commercial rates can discourage homeowners from investing in short term rental properties.  According to a recent poll over 55% of Maui residents oppose short term rentals in their neighborhoods. But all is not

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The ZERO Effect of COVID on the Maui Real Estate Market 

Aloha! And welcome to another weekly Maui Real Estate Market Watch Report from Eric West at Keller Williams in Whalers Village.

Maui Real Estate

 Here is what's new and developing for the week of August 24th 2020. To see the entire Google Sheets spreadsheet please click here

The big question people ask me every week…”How’s the market doing on Maui?” Many people are expecting a major downturn in demand and subsequent 20-50% reductions in asking prices.

Not so much.

In a nutshell, the Maui Real Estate Market is holding steady, very steady.

Let’s compare the last 8 months of 2020 with the exact same time period in 2019.

Now keep in mind, in 2019 the market was in FULL swing with a FULL capacity

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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

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Maui Real Estate Closings Drop 65% in May

 

Aloha! The Maui Real Estate market is interesting to say the least. New Listings have decreased 15.5% for Single Family homes and 18.8% for Condominium homes. So inventory could in fact become even leaner than it was pre-COVID. And "Days on Market" increased 13.3 percent for Single Family homes and 28.7 percent for Condominium homes. Buyers have been quicker to return to the housing market in force than sellers, who have been showing a bit more reluctance to list their homes than is typical for this time of year. But trends are improving and as states and localities continue to moderate their COVID-19 policies, real estate activity is expected to continue to improve in the coming weeks.

To see the full

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Aloha! And welcome to another weekly edition of the Maui NOW Market Watch. Click here for a link to the Google Sheets Report. The Maui Real Estate blog where you can find the best deals, literally as they hit the market every week. In the report below (dynamic interactive shared Google Sheets Spreadsheet) you will find all of the most new price reductions (in order of severity), and the best deals (in order of lowest to highest price per square foot/acre) of all the new fee simple condos for sale (both short and long term), single family homes for sale and new vacant land listings on the entire island of Maui. 

Last week we only had $2M (vs $4.5M the previous week) in price reductions with an average of 8% which is a 3% DECREASE in the average price

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Weekly Corona Virus Market Watch

Aloha and welcome to another edition of the Maui Market Watch. Click to See GoogleSheets Report. If you are new to the blog, my name is Eric West a real estate broker with HawaiiRealEstate.ORG I am  all about teaching you everything you need to know about Hawaii and it's real estate. Please be sure to check out my YouTube channel with hundreds of helpful videos about Hawaii and Real Estate.

In this report, I will show you every week all of the 1) New Price Reductions 2) New Homes listed in order of Best Value on Price Per Square Foot 3) New Vacation Rentable Fee Simple Condos 4) New Fee Simple Long Term Condos 5) New Land Listings and finally 6) Everything that has closed on Maui in the last week....all homes, condos

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Maui Real Estate Watch

No question the Covid-19 / Corona Virus Hawaii lockdown has created some softening in the market - translation? 

Better deals for buyers!

Although last week DID see another $63M in sales transactions from 86 closings. Likely those deals went under contract prior to the shutdown. I don' think we've seen the full impact on closings yet. The largest closings were 0 Haneoo Rd in Hana for $2.8M and 320 South Ulukoa at $2.75M.

 

We also had 21 price reductions over 3% for an average of 9% and a total dollar volume of $5.3M for the past week. Please see the Google Sheets spreadsheet below or link here for all of the detail.

You will find the Top 20 deals for Homes, Vacation Condos, Long Term Condos and Vacant Land

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Kaanapali Coffee Farms 

Neighborhood

Click to See all Homes and Land For Sale

 As the Corona Virus epidemic sweeps the nation and the world, there is one place that seems to be the perfect retreat from the madness. Maui. And specifically the neighborhoods gracing the hillside above the world-famous Kaanapali resort.

One of those neighborhoods  -  truly stands out as a mecca for views, privacy and a unique rolling landscape of vegetation you just don't see very often. Coffee. That's right. That morning elixir we just can't seem to live without. Now you can have it growing all around your dream house while enjoying the many benefits of a share cropper. This mutually beneficial relationship not only keeps your property taxes low, (thanks to the

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Celebrate Your Best Maui Real Estate Deal EVER....

with a Cold Corona on the Beach!

See all the best deals with the Maui Real Estate Market Watch Report

Link to Report 

In case you have not read the details of the $2 Trillion Federal stimulus package that was just passed. You can read a great summary here https://narfocus.com/billdatabase/clientfiles/172/21/3613.pdf

 

Looking for the best deals in Hawaii for homes, vacation condos, long term condos and  land? ? The dynamic Maui Real Estate Market Watch report is the best place to find them. There is no question the recent Corona Virus pandemic in Hawaii has already created some softening in the real estate market place. But keep in mind, the market is still very active - in both

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