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Market Update
Last week Maui County Council approved of an increase in property taxes starting July 1st due in part to help pay for unfunded liabilities for pensions for county retirees an for the employee health fund. See article from The Maui News.
This has come with mixed reviews for property values have decreased, but the costs of county services have increased.
The Residential rate will go from $5.55 to $5.75, Timeshare from $15.00 to $15.50, Apartment from $5.50 to $6.20, Commercial from $6.25 to $6.90, Industrial from $7.00 to $7.10, Agricultural from $5.80 to $6.00, Conservation from $5.60 to $6.20, Hotel/Resort from $9.00 to $9.15, and Commercial Residential from $4.20 to $4.50.
These rates are based on $1,000 of the assessed value. The classifications are based on the highest and best use of the property.
There are tax relief programs including homeowner's exemption, disability exemption, and circuit breaker credits (for a person that claims homeowner's exemption and has real property taxes that exceed 2.0 % of their adjusted gross income). You must apply by December 31st for the following tax season. For more information, visit www.mauipropertytax.com.
Mahalo Nui Loa,
Greg, Melissa, Ken, and Jeremy
P.S. - We just reduced our beautiful front row 2 bed / 2 bath ground floor unit at Wailea Fairway Villas to $513,000. See link.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
Market Watch for May 28th, 2011
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Active |
Pending |
Sold |
Change |
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Homes |
550 (247) |
276 (40) |
880 (113) |
NC |
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Condos |
859 (166) |
268 (9) |
1142 (76) |
-13 |
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Land |
483 (110) |
35 (5) |
141 (16) |
+1 |
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Total |
1904 (531) |
557 (53) |
2177 (210) |
-12 |
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1. The numbers in parentheses reflect the number of listings over $1M
2. Sold listings are for the previous 12 months.
3. Change is the increase or decrease in number of active listings from the previous week.
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Homes Over $1M
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70 Wai Kulu Place
Launiupoko
$2.495M (FS)
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A remarkable property situated on 3 acres which includes an island style main executive 4 bedroom home with striking amenities and extras. Maui living at its finest. Spacious floor plan with 8” accordion doors which open the living area to the beautiful outdoors.
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2773 Kalepa Place
Ka'anapali
$2.535M (FS)
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This impeccable golf course fronting 4-bedroom home has incredible ocean views and a terrific private location at the end of the cul-de-sac. This totally remodeled, fully furnished home is in perfect turn-key condition.
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Homes Under $1M
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232 Hala Place
Wailuku
$152.9K (FS)
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Bank Owned. 2 bedroom 1 bath home in industrial Wailuku. Home needs some TLC.
Customer Listing Synopsis
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237 Anamuli Street
Kahului
$378.3K (FS)
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Short Sale. This 2 story home, located in one of the most sought after Legends at Maui Lani subdivision. Upgrades include central A/C & 120 gallon solar water heater.
Customer Listing Synopsis
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4042 Mahinahina Place
Kahana
$624K (FS)
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Bank Owned. Large, spacious home in Kahana with ocean views and a detached cottage. Lots of parking.
Customer Listing Synopsis
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167 Halelo Street
Ka'anapali
$729.9K (FS) |
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Bank Owned. Fairway to heaven is this ocean view, luxury home on the Ka'anapali Kai Course in West Maui. Best of all this home is not only move-in ready but is being sold turn-key, fully furnished and stocked with small appliances, kitchenware, and linens. Front of home has great room and family room with ocean views and 1,215 square foot deck that wraps around from the carport to the pool area. Back of home has golf course and mountain views.
Customer Listing Synopsis
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47 Ala'apapa Place
Pukalani
$895K (FS) |
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This exquisite 3 bedroom, den and 3.5 bath home features elegant single level living. This home has all the features you can ask for include tall ceilings in the great room, architectural accents including an alabaster niche, wood cabinetry, granite counters, stainless appliances, central a/c, central vacuum, reverse osmosis water, surround sound, and transom windows that make this home sparkle. The gardens overlooking the fairway of the Pukalani golf course are a delight and feature fruit trees, an herb garden, water fountain, arbor gate, and tropical plantings.
Customer Listing Synopsis
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893 Middle Road
Kula
$995K (FS) |
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Short Sale. Surround yourself with 2 acres of total privacy, extraordinary views and possibly the most beautiful garden estate in Kula. These gardens rival Kula’s Enchanted Gardens, Kula Botanical Gardens and The Lavender Farm. However, unlike those, these gardens are just for you and your guests to enjoy.
Customer Listing Synopsis
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Vacation Condo Over $1M
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Ho'olei J-5
Wailea
$2.595M (FS)
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Outstanding seller financing options and Whole or 50% Ownership Opportunity make this villa a very attractive selection. Perched on the 3rd row of the Hoolei Community, this spectacular villa is offered completely turn-key with a full array of custom designer furnishings and appointments. Year-round ocean views and dramatic sunsets can be enjoyed from your expansive outdoor living areas.
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Vacation Condos Under $1M
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Pohailani Maui #201
Honokowai
$284.9K (FS)
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Bank Owned. Remodeled in 2007 with bamboo laminate flooring, granite counter tops, high end fixtures. Large lanai to enjoy the whales, sunsets and island views. Mostly used as a vacation rental, two pools, tennis court, clubhouse and covered parking.
Customer Listing Synopsis
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Grand Champions #103
Wailea
$359.9K (FS)
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Bank Owned. Location, location, location! Near to everything: Shops at Wailea, Wailea Gateway, Resorts, Fine Dining, Golf, Tennis and beaches. Enjoy the comfort of this spacious 1 bd. ground floor unit. The beautiful golf course fairway views are breathtaking as seen from the living room, dining area and your lanai.
Customer Listing Synopsis
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Napili Shores E-144
Napili
$374.9K (FS)
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Preferred ground floor unit, walk right out, no stairs, location offers a lovely garden/pool view at a great price. Located In the beautiful community of Napili, the Napili Shores Resort is situated directly ocean front on Napili Bay one of the nicest white sands beaches on the West Side.
Customer Listing Synopsis
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Kapalua Bay Villas 27G1,2
Kapalua
$795K (FS)
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Mesmerizing oceanfront location looking out to Molokai and North to Honolua Bay, this 1 bedroom, 2 bath unit is priced to sell. Enjoy this front row seat for whale watching, water action and all the color changes on Molokai all day long.
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Residential Condos
Hoolea Terrace #906
Wailuku
$203K (FS) |
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New Release. Offered to owner occupants for first 30 days from press release, until 6/12/12. Come visit our new multiple family neighborhood! Ho'ole'a Terrace is located on the slopes of the West Maui Mountains in Wailuku with beautiful ocean and mountain views. We offer a 2 bed/1.5 bath floor plan or a 3 bed/2 bath floor plan. Each building has Six 1-story units. There will be 29 buildings with a total of 174 units. Many of our units will have amazing ocean and harbor views.
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Wailea Fairway Villas P-102
Wailea
$513K (FS) |
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Beautifully maintained 2 bedroom / 2 bath ground floor unit at Wailea Fairway Villas. This unit is in immaculate condition and it comes fully furnished. It has stainless steel appliances, granite counter tops, crown molding, built-in book shelves in the great room, built-in dressers and desk in the master bedroom, wall mounted flat screen TV, and etc.
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Vacant Land
27 Hulumanu Place
Wailuku
$289K (FS) |
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This lot can be yours for an incredible $1.94 per square foot or less than $85,000 per acre. Now is the time to act, don't miss this opportunity to make this 3.574 acre lot with its wonderful ocean, North Shore and Haleakala views your own.
Customer Listing Synopsis
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