Ask A Question

We have implemented a new category to our blog -  'Ask a Question'! This allows our visitors and/or clients to ask a question and have the answer posted, so it can better serve all of our visitors. Need information or have a concern about Maui real estate? Fill the form on our Contact Us page and we'll respond promptly.

Found 24 blog entries about Ask A Question.

Today's question comes from our of clients looking interested in Honua Kai condos for sale.

Question:  I see on a lot of your charts you have sales broken down by number of bedrooms, but I was wondering how the 1+Den units do?

Answer: Thank you for your submission. Yes, our Honua Kai sales history (which needs to be updated to reflect 2014 numbers - sorry!) and our latest Honua Kai 2014 Sales Update are broken down by number of bedrooms, with no distinction given to the 1 bedroom + den units, which is one of the most sought-after niches within the Honua Kai market. Typically, these larger units sell for considerably less than the one bedroom units. In 2014, the overall 1 bedroom market saw sales average nearly $1,100 per square foot, whereas if we

Today's question comes from a client interested in Wailea real estate.

Question: On this last visit, we noticed a lot more construction in Wailea than in years past, can you give us a breakdown of what is going and where? Will there be new options for us?

Answer: You are absolutely correct. The past year has brought on a significant amount of new construction. As this is well within our sphere of expertise, we are well acquainted with the status of new projects and would be happy to answer any questions from interested parties. Below is a brief breakdown of the most significant projects that will redefine available inventory within their respective niches and a map is below with highlights.

wailea map new developments

Keala O Wailea - Interest in this property has been

To kick off our 'Ask a Question' feature, below is a question asked by a client who is interested in building a Maui luxury home to use as a short term rental property.

Question:  I would like to purchase a vacant lot in Maui Meadows and build a home for vacation rentals. Is that allowed? And if so, when I sell the house, is the permit transferable to the new owner? Is there a value added for having the permit?

Answer: Great question(s). First, to give some background, The Short-Term Rental Home Ordinance 3941 became effective in May 2012, which in essence allows for single-family homes to apply to legally operate as vacation rentals. The ordinance effectively allocated a number of permits per district, which are as follows:

District

Typically our posts regarding the Honua Kai micro-market are much more in-depth, but the following information may be useful to some visitors and/or our clients, so we are posting it. 

We had a recent question from a Honua Kai prospective buyer, in which he wants to know whether there are discernible patterns occurring in the micro-market, and further broken down in niches - particular emphasis on 1 bedroom ocean view units and 2 bedroom ocean view units.

1 Honua Kai Bedroom Units

Take a look at the chart below, detailing the price per square foot of every ocean-view one bedroom unit sold - purposefully excluded the 1 bedroom + den to keep data most relevant. We added a polynomial trendline for context.

honua kai 1 bedroom chart

2 Bedroom Units

Take a look at