Monthly Archives: June 2013

May 2013 Maui Real Estate Sales Statistics

Sales of homes on Maui are really moving. The May 2013 Maui Real Estate Sales Statistics have been released and it shows that median single family home sales prices are up by 41% in May 2013 ($540,000) compared to May 2012 ($382,000). Not only are the sales up in price, but also volume.  There were 105 homes sold in May 2013, a six-year high, compared to 65 homes sold in May a year earlier.

Inventory continues to shrink as it has been throughout the past year. There were 603 homes in active/pending-continue to show/contingent status as of the date of the report, compared to 728 homes of the same category in the same month a year ago.

With interest rates remaining low, it’s still a good time to buy, but it is competitive with multiple offer situations.

Contact us to discuss your interest in selling or buying in the Maui Market. Delmore Realty www.delmore.net 808-242-1467.

Kimberly Delmore R(B), ABR, CRS, kim@delmore.net, 808-298-6655 direct

Share

The Ritz-Carlton Residences Waikiki Beach Exclusive Preview

There will be an Exclusive Preview sales event for the new Ritz-Carlton Residences Waikiki Beach on June 22, 2013. If you are interested in finding out more, please contact us and we can represent you as a Buyer’s Agent. Let us register you to find out more, or you may list us as your Realtor that you are working with. http://www.theresidenceswaikiki.com

Contact us to find out more about residence types, size ranges in square feet, price ranges, maintenance fee ranges, deposit schedule options and frequently asked questions regarding ownership.

Further information from project salesperson:

“Property high-lights:
•       The Ritz-Carlton is one of the most recognized luxury brands in the world
•       This is fee-simple, whole ownership real estate.
•       Located on Waikiki’s famous Luxury Row (Tiffany & Co., Chanel, Gucci, Yves St Laurent)
•       Overlooking Fort DeRussy Park and the ocean.  All residences have expansive ocean views and private lanais
•       Fully furnished luxury condominiums: studio, 1, 2 and 3 bedroom and penthouse residences
•       Amenities include: full-service spa, fitness center, two pools, an ocean view open-air lobby restaurant, world famous Dean & Deluca gourmet market/cafe, and an acclaimed sushi restaurant
•       Prices start at $650,000 for a studio residence and up to $15M for a corner Penthouse
•       Construction will begin later this year and the completion is estimated for early 2016.

There is an interactive section on our website where you can view all of the floor plans and see the views from each floor level –http://theresidenceswaikiki.com/residences/.”

 

Kimberly Delmore R(B), Delmore Realty, 808-298-6655, kim@delmore.net, www.delmore.net, 1877 Wili Pa Loop #2, Wailuku, HI 96793

Share

New Wailuku Country Estates Listing – 2164 Kamaile Street

This new listing is perfect for a professional, such as a doctor, who needs to be close to town, yet desires a country feel. This quality home sits atop the highest point of the lot to take full advantage of incredible ocean and mountain views. With 4 bedrooms and 2 bathrooms, there is plenty of room for a family. There’s still room to build a cottage of up to 1,000 square feet! Many great fruit trees grow on this property. Beautiful ocean and mountain views, and excellent finished such as granite and cherry wood. drive2exterior 2164sunriseContact Brian Delmore R(S) at 808-212-7707 for more information.

Share

Maui County Council Approves Property Tax Rate for Fiscal Year 2014 (July 1, 2013-June 30, 2014)

The 2014 fiscal year real property tax rates were approved by the Maui County Council on May 22, 2013, and will go into effect on July 1, 2013 til June 30, 2014. Most tax rates will increase, except for the Residential category.

 Here are the new rates, which are per $1,000 of net taxable assessed value:
Residential remains at $5.75.
Apartment increasing from $6.20 to $6.40.
Commercial increasing from $6.90 to $7.05.
Industrial increasing from $7.10 to $7.30.
Agriculture increasing from $6.00 to $6.05.
Conservation increasing from $6.20 to $6.25.
Hotel & Resort increasing from $9.15 to $9.40.
Time Share increasing from $15.50 to $15.55.
Homeowner increasing from $2.75 to $2.87.
Commercial Residential increasing from $4.50 to $4.60.
Share

April 2013 Maui Real Estate Sales Statistics

The April 2013 Maui Real Estate Sales Statistics were released recently. The market appears steady and strong.  A median Maui home price is $500,000, and a median condo price is $370,000.

The home prices are up from the same month a year earlier, when the median was $469,000, and just a bit less than $509,500 of the prior month. Volume is pretty stead, with 77 homes sold in April, compared to 80 the prior month and 79 the same month a year earlier.

Condo volume is up significantly, with 143 units having sold in April, compared to 101 in the month earlier (and compared to 129 the same month a year prior).

Super low inventory continues. As of May 15, 2013, there were 623 homes Active/Pending-Continue to Show or Contingent, which is the lowest level it has been in the preceding 12 month period (there were 749 homes as of May 2012). As for condos, it’s also at the lowest level in the preceding 12 month period, with 860 units in Active/Pending – CTS/Contingent Status (compared to 1,066 in the same month a year earlier). The report states that inventories have declined 16-19% over the past 12 months in Residential & Condo classes. Thus, the competitive market continues as interest rates are still very low.

Share