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
The real estate market on Maui is definitely heating up. Track the details on my www.MauiMarketWatch.com report which is a open source Google Sheets spreadsheet. You can also CLICK HERE see this summary report for January 2021. Mahalo for your business, and I look forward to working with you as a buyer or sellers agent.
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
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.
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
Maui Real Estate for Sale in the “New Age” of COVID
How to Find the RIGHT Real Estate Deal on Maui
Information is power. We all know that. But with all of the “tech tools” and everything available to everyone online, how can anyone get a competitive edge? Not to mention a true understanding of what is really happening in the real estate market in Hawaii in order to make wise and prudent decisions?
(Just because a buyer or a real estate agent uses or shows up on Redfin, Zillow or Trulia on Maui does not make you or them an expert...just sayin')
Especially given the new set of never before seen circumstances of a global pandemic such as COVID!
The answer is threefold.
Follow the numbers. The numbers don’t lie. But most
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)
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).
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
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.
Wondering what's happening in the #MauiRealEstate Market? Don't miss my weekly report with links to every new price reduction, every new listing and everything that sold! Click Here to See Report
This is a dynamic spreadsheet that I update every week. So no matter when or where you are reading this, the link below will be 100% up to date!
Call me with any questions. 808-298-2030
I also have the list of TOP 20 best buys for Homes, Land, and Condos.
Check it out below, or click here.
My passion is sharing the Maui lifestyle with the world on the largest video platform on earth - YouTube. With an audience of over 3 billion (and growing exponentially) you simply cannot find a better platform to market real estate for sellers and to meet
Located in the Lanikeha Neighborhood in Kaanapali Golf Estates
This is Maui living at its finest. Stunning ocean views. Prestigious gated community of Lanikeha. Brand New Construction of this well appointed 4 bedroom 4 bath residence. Just a short Golf Cart ride to world-class resort of Kaanapali and the beach voted the Best in the World! Plus resort style amenities abound with the Lanikeha Clubhouse with a lounge, game room, kitchen facilities, pool complete with a waterfall and hydro-spa, courtyard, fitness & pool pavilions. Be sure to watch both Eric West's video tour of the home AND the video tour of the Lanikeha neighborhood. Click here for all the listing details and current