Following trends in the Maui real estate market can help you make informed decisions about both buying and selling. The Realtors Association of Maui collects this data in monthly reports while also providing year-to-date statistics so you can get a sense of the bigger picture and longer term trends. These reports include home, condo and land listings by area, with their number of sales, median prices, average prices and sales volume.
If you'd like to find out more about the specific data you can follow this link to the Maui September 2016 Statistics. In the meantime, the highlights show a slight decrease in sales and median prices for both homes and condos last month. Although homes saw a drop in prices compared to August, prices were up compared to September of last year. Let's dig into the specifics.
Home sales tallied in at 82 homes, down from 97 sales in the same month last year, which is a 15 percent decline. Condo sales were down to 98 units sold, compared with 110 in September of 2015, an 11 percent drop. If those percentages seem big, just remember that ours is a small market, so just a few sales can make the numbers swing quite a bit.
As for September's median sales prices, single-family homes were down to $667,500 compared to last month's $672,063 but up 16 percent from $573,300 in the same month last year. Condos were down to $337,000 from $420,000 in August, and also down from $399,500 in September of last year. That's a 5.6 percent decrease, year-over-year and a 10 percent decrease compared to August.
When it comes to investing, these price dips can represent a good opportunity, especially considering the long term trend of sales and price increases that the Maui market has seen. For example, in the first nine months of the year, our county has had 979 condo sales, which is up from the 911 sales that we had by the same time last year. Year-to-date median prices are at $417,000, compared to $407,500 by this same point last year. As for year-to-date home sales, those have dipped from 819 last year to 804 this year, but with a median price of $635,000, up from $585,000 during the same period last year. The dip in sales could easily be linked to this 9 percent increase in prices.
If you need assistance with your Maui real estate investment, we will be happy to put our expertise to work for you. Our contact information can be found at the bottom of the page if you need us, and in the meantime, we hope this data has been helpful to you. Mahalo!
Halloween is just a couple of weeks away, with Thanksgiving, Christmas and New Year's not far behind. If you think it might be odd to celebrate the holidays on a balmy island in the Pacific instead of a place with seasonal weather changes, you might be surprised at how fun and festive Maui can be. In fact, holiday celebrations are the highlights of the year for residents and visitors alike. And just think, you could be relaxing on a sunny white sand beach while other folks are shoveling snow.
If a Maui holiday trip sounds like a refreshing break, your accommodations will play an important part, bringing comfort and relaxation to your experience. With that in mind, you might want to have a look at our Maui vacation rentals. Our small, quality list of accommodations may include the perfect option for your needs.
Our units range from 1 bed/1.5 bath to 2 bed/3 bath, with access to all the charms of The Kapalua Resort here in West Maui. The nearby area features fine dining, shopping and spas, not to mention some of the loveliest beaches on the island. Whether you're looking for a game at the 10-court Tennis Garden or a challenging game of golf at a championship golf course that features unparalleled scenery, Kapalua has you covered. In fact, discounts are often available at both, and the resort provides free shuttles for your convenience.
If you happen to be in the market for a home in West Maui, our accommodations could make for an ideal home base while you scout out the listings that have captured your interest. In fact, you might find the experience so enjoyable that it bolsters your resolve to own property of your own in this remarkable place.
Whether you're just looking for a holiday getaway or an investment in ownership, you'll find our contact information at the bottom of the page. We can assist you through every step of the process. Mahalo, and we hope you enjoy your holiday season!
If you're like us, you'll agree that West Maui is one of the most amazing places in the world, thanks to its breathtaking natural beauty, its extraordinary real estate and the excellence of its restaurants, spas, activities and accommodations. In fact, one West Maui hotel is a finalist in the Pineapple Awards from Pacific Business News, which highlight exceptional businesses in Hawaii's visitor industry.
The Westin Kaanapali Ocean Resort Villas made it to the top of the 2016 Pineapple Awards Large Hotel of the Year category, alongside Aulani, a Disney Resort & Spa, and Outrigger Reef Waikiki Beach Resort. Why the Westin? This hotel is so exemplary that it's hard to list all the qualities that earned this recognition, but we'll try our best.
To start, the Westin is a AAA Four Diamond time share resort with over 1,000 units, making it the largest hotel on Maui. Bigger doesn't necessarily mean better, but in this case, it doesn't hurt. The hotel has gone to laudable lengths to incorporate sustainable environmental practices into its business strategy, including lighting that is all LED and using its own energy efficient heating system for water, air conditioning systems and pools.
The Westin team doesn't stop at energy efficiency, though. They pursue partnerships with local fishermen and farmers, supporting Maui's local agriculture to enhance sustainability. Not only that, but they are the first Maui hotel to have an aquaponics garden, maintained by NapiliFlo Farms, where they grow herbs and garnishes for their three restaurants. Who knew hotels would one day begin growing their own food!
As you might imagine, all these efforts have certainly carved out a place of special regard in the community concerning environmental friendliness. In addition, the hotel has forged a path forward into the preservation of Hawaiian culture by making it a part of their new-hire orientation, hiring a full-time director of culture, and opening Puuhonua Cultural Center, which educates guests and time share owners about Hawaiian culture. Last but not least, the resort formed the Kupaa Council, through which their charitable work is performed via fundraisers to benefit Hui No Ke Ola Pono school supply drive.
It's really no surprise that all of these efforts have caught the attention of Pacific Business News and their Pineapple Awards. The Westin Kaanapali is a wonderful reflection of the excellence and integrity that surrounds us here in West Maui, making it all the more exciting to own Kaanapali real estate and dive into the lifestyle that can be enjoyed in this special part of Maui.
Photo Courtesy of Montage Kapalua Bay: caneandcanoe.com
If prospective West Maui real estate buyers need one more reason to choose Kapalua, a new development in the dining scene might do the trick. Kapalua Restaurant Week is organizing a promotional fixed-price, two-course menu for lunch and a fixed price menu for dinner with participating Kapalua restaurants. Of course it's designed to benefit the restaurants and the patrons, but mostly the patrons.
Kapalua Restaurant Week will begin on October 17th and end on the 23rd, so if these deals entice you to try out some new restaurants, you might just fall in love and find you've got a new favorite place to eat, relax and socialize. Some of the profits will also go back to the community, making the benefits of the promotion even more far reaching.
The fixed-price menus will be offered every day of the week through the participating restaurants, so you don't have to worry about checking schedules on those days. Prices are set at $29 for lunch and $39 or $49 for dinner. Each meal will send $1 to the Aloha Backpack Buddies program, which is Maui Food Bank's newest program, so as you feed yourself, you'll be contributing to feeding the less fortunate as well.
Specifically, the program provides food to elementary school children who are part of a free or reduced-price meal program at their schools. These kids also receive a prefilled backpack every Friday with six meals for the weekend.
Photo Courtesy of Montage Kapalua Bay: caneandcanoe.com
Participating restaurants are Pineapple Grill, Sansei Seafood Restaurant & Sushi Bar, Plantation House, Taverna, and The Wine Palette. Resort participants include Banyan Tree, Kai Sushi and Burger Shack at the Ritz-Carlton, Kapalua, as well as Hana Hou and Cane & Canoe Restaurant at Montage Kapalua Bay, the latter of which we blogged about just last week. Other partners of the event are Maui Organic Ocean Vodka and Deep Island Hawaiian Rum, which will be offering locally sourced craft cocktails.
Hopefully these dining opportunities will enhance your experience as you search for the right West Maui real estate to fit your needs. If you need any assistance along those lines, we would be happy to lend you our expertise. You'll find our contact information at the bottom of the page. Mahalo!
Looking for an exciting evening of entertainment to spice up your New Year's this year? It may seem a bit early for making plans, but if you're interested in attending the Maui Celebrity Series, getting tickets early is a good idea. These star-studded shows sell out fast, as you can probably imagine!
This year's show will feature the great and virally successful William Shatner, with our friend Brian Evans as a special guest. Past Celebrity Series shows have drawn a long and distinguished list of celebrity entertainers, including Jeff Bridges, Cheech & Chong, David Spade, Mick Fleetwood, Roseanne Barr, Tom Green, Rob Schneider, Nick Swardson and other popular stars.
It's no wonder this series does so well here. After all, what celebrity wouldn't want to perform on Maui, especially when they get to enjoy the beautiful beaches, balmy weather and stunning scenery? In fact, many celebrities have purchased Maui real estate after falling in love with the island, just like the rest of us who have bought a Maui home or condo.
This year's Maui Celebrity Series Pre-New Year's Eve Celebration will be held at the Historic Iao Theater on Friday, December 30th, so you can still make plans for the 31st. You can purchase tickets by calling 808-242-6969 or visiting Mauionstage.com.
We hope we'll see you there. In the meantime, if you need our assistance with your Maui real estate search, we are at your disposal. You'll find our contact information at the bottom of the page. Mahalo!
Following trends in the Maui real estate market can help you make informed decisions about both buying and selling. The Realtors Association of Maui collects this data in monthly reports while also providing year-to-date statistics so you can get a… Continue Reading
Halloween is just a couple of weeks away, with Thanksgiving, Christmas and New Year's not far behind. If you think it might be odd to celebrate the holidays on a balmy island in the Pacific instead of a place with seasonal weather changes,… Continue Reading
If you're like us, you'll agree that West Maui is one of the most amazing places in the world, thanks to its breathtaking natural beauty, its extraordinary real estate and the excellence of its restaurants, spas, activities and accommodations. In fact,… Continue Reading