<?xml version="1.0" encoding="UTF-8" ?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
    <channel>
        <atom:link href="http://www.luxuryrealestatemaui.com/blog/2017-06/rss/" rel="self" type="application/rss+xml" />
        <title>Maui Real Estate &amp; Lifestyle News</title>
        <link>http://www.luxuryrealestatemaui.com/blog/2017-06/</link>
        <description>Courtney M. Brown, Realtor (S) Blog: information on the Maui real estate market, trends, and listings. Homes, condos and land for sale.</description>
<item>
    <guid>http://www.luxuryrealestatemaui.com/blog/maui-ranks-amongst-the-top-10-luxury-real-estate-markets-in-2016.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/maui-ranks-amongst-the-top-10-luxury-real-estate-markets-in-2016.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Maui Ranks Amongst the Top 10 Luxury Real Estate Markets in 2016</title>
    <description> <![CDATA[ 
Maui Luxury Real Estate


Maui Ranks Amongst the Top 10 Luxury Real Estate Markets in 2016 and an Overview of Maui Luxury Real Estate Sales in 2018


Per Realtor.com's Luxury Home Index Research Report, Maui ranks 8th in the Nation's Top County Level Luxury Real Estate Markets, behind markets such as San Francisco, Brooklyn, Los Angeles, Manhattan, Santa Clara, San Mateo, and Marin.  The next Hawaii county real estate market to make the list is Kauai at 17.





Maui one of the Hottest Luxury Housing Markets in 2016


Previously Maui had ranked 17 on the list, making it also one of the &quot;Top 20 Movers&quot; which identifies the hottest markets as those that have moved the fastest since last year amongst the highest 100 ranked counties across seven metrics in the index.  These metrics include increased value, market velocity and/or sales volume.





 


The Luxury Home Index by County is comprised of data from 277 counties and there are seven luxury housing metrics utilized to create the report.  The Luxury Home Index also has reports on a Metro Index covering 63 metropolitan areas.*


Maui Luxury Real Estate in 2017 


So what are the trends overall in Maui County for Condominium, Home, and Land Sales?  


All Price Ranges:Comparing the same period in 2016 vs. 2016, we are seeing an overall increase in Sales Volume (total $) and the Number of Sales.  Further, for the most part we are seeing some increases in the Median Sales Price and decreases in the Average Days on Market.






Condos, Homes &amp; Land (All Prices)


1/1/17-6/12/17


1/1/17-6/12/17


Percent Change




Sales Volume ($)


$944,813,752


$827,398,372


+14




Sales Volume ()


1177


1120


+5




Median Sales Price


$575,500


$535,572


+7




Average Days on Market


154


177


-13






Maui Luxury Real Estate Market (Sales $1,000,000 plus)Exploring the Luxury Market as defined in the Luxury Index Reports above as sales over $1,000,000, this is how the Maui County Luxury Real Estate Market compares year to date with that of 2016:






Condos, Homes &amp; Land (Over $1,000,000)


1/1/17-6/12/17


1/1/17-6/12/17


Percent Change




Sales Volume ($)


$435,675,129


$359,998,050


+21




Sales Volume ()


198


179


+11




Median Sales Price


 $1,400,000


 $1,450,000


 -3




Average Days on Market


167


273


-39






Maui Luxury Real Estate Market (Sales $5,000,000 plus)Further refining it, in 2017, there are 11 sales YTD over $5,000,000, with 8 of those sales in the Kihei/Wailea/Makena area, 2 in Kapalua, and 1 in Kuau.  This compares with 9 sales in 2016, with 4 of those in the Kihei/Wailea/Makena area, 2 in Kaanapali, 1 in Kuau, and 1 in Kaanapali.






Condos, Homes &amp; Land (Over $5,000,000)


1/1/17-6/12/17


1/1/17-6/12/17


Percent Change




Sales Volume ($)


$98,650,999


$52,703,209


+87




Sales Volume ()


11


7


+57




Median Sales Price


$9,500,000


$5,700,000


+67




Average Days on Market


173


318


-46






Of course, as the prices go up the data samples grow smaller.  However, there has been a significant increase in the Sales Volume, Number of Sales and Median Sales Price in the ultra-high end market and a corresponding decrease in Average Days on Market.


*The information and the charts shared in this blog post are attributed to Realtor.com and the Luxury Home Index Report. Read More about the Realtor.com Luxury Home Index
 ]]> </description>
    <pubDate>Mon, 12 Jun 2017 21:27:00 -1000</pubDate>
</item>
<item>
    <guid>http://www.luxuryrealestatemaui.com/blog/maui-property-tax-rates-announced-for-2017-2018-fiscal-year.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/maui-property-tax-rates-announced-for-2017-2018-fiscal-year.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Maui Property Tax Rates Announced for 2017-2018 Fiscal Year</title>
    <description> <![CDATA[ 
Maui Property Tax Rates Announced for 2017-2018 Fiscal Year


Per the Maui News article on June 5, 2017, the Maui County Council approved the new property tax rates for the July 1, 2017-June 30, 2018 Fiscal Year.


Maui County Property Tax Rates 2017 to 2018


The figures below show the rates for each year.  Traditionally, the lowest tax rate is for Homeowner, where this is their declared primary residence.  The highest tax rate remains the Time Share Classification.  The figures below are the Rate($)/Million of Assessed Value.





Change in tax rates by classification over 2016-2017 fiscal year:





Taxes increased across all categories from last year to this year, with the larges increase in those properties classified for use as Industrial, Conservation and Commercial.  The highest tax rate remains the Time Share Classification.


Read more about how the Maui County assesses real property taxes, classifications, and important dates.


More comprehensive information can be found at the county of Maui’s Property Tax website. www.mauipropertytax.com &gt; Real Property Tax Info. Please consult with your tax professional or contact the County of Maui with any questions about Property Taxes and Rates.
 ]]> </description>
    <pubDate>Tue, 06 Jun 2017 18:20:00 -1000</pubDate>
</item>
    </channel>
</rss>