All Blog Entries by Courtney M. Brown

Courtney M. Brown is a Vice-President and Realtor (S) with Island Sotheby's International Realty on the island of Maui.  Courtney was born here on the island of Maui, and dedicates herself to providing her clients with information on market trends, as well as all of the fun adventures and events that await you on Maui.

Found 245 blog entries published by Courtney M. Brown.

Maui's Hotel Zoned Condominiums

On May 3, 2024, the Mayor of Maui County announced that he intends to submit a bill to the Planning Commission and the Maui County Council to phase out short-term rentals in the Apartment Zones. 

Per the County of Maui's website: "the bill would phase out and repeal decades-old transient vacation rentals (TVRs) operating in the Apartment District, also known as the Minatoya list TVRs. These TVRs – numbering 7,000 units (2,200 of which are in West Maui) – would phase out West Maui units by July 1, 2025, and all other units countywide by Jan. 1, 2026, with the bill’s approval."

Given this announcement, many prospective buyers who are looking for a property that can be used part-time and rented when they are not in

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MAUI VACATION RENTAL (TRANSIENT ACCOMMODATIONS) & SHORT TERM RENTAL UPDATE: MAY 2024

Maui, like many places around the US that are popular vacation destinations, has grappled with affordable housing and workforce housing for decades. The wildfire that swept through Lahaina town on August 8, 2023 has highlighted the critical need for affordable housing in Maui County.

Since the fire, the Hawaii State Legislature passed SB2919 on May 2, 2024.  It was signed into law by Governor Josh Green on May 4, 2024. 

Per the governor's website,  "By addressing the issue of illegal short-term rentals, SB 2919 aims to alleviate Hawaiʻi’s housing crisis and increase housing levels throughout the state. This bill provides counties with home rule authority to see

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WAILEA CONDOMINIUM MARKET UPDATE: Q1 2024

Wailea Condos for SaleWailea Resort Condominiums

Wailea Condominiums

Wailea is home to several different condominium resorts, including the Andaz, Grand Champions, Ho'olei, Kai Malu, Kanani Wailea, Keala O Wailea, Palms at Wailea, Wailea Palms, Makalii, Papali, Polo Beach Club, Wailea Beach Villas, Wailea Ekahi, Wailea Ekolu, Wailea Elua, Wailea Fairway Villas, Wailea Point, and Wailea Town Center.

Makena is home to the Makena Golf & Beach Club, Makena Surf, Na Hale O Makena

WAILEA & MAKENA CONDO SALES Q1 2024 2023 2022 2021 2020 2019
Number of Sales 43 112 130 315 144 140
Volume $138,202,749 $424,827,928 $359,939,459 $673,905,402 $321,397,970
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KAANAPALI CONDOMINIUM MARKET UPDATE: Q1 2024

Kaanapali Condos for Sale

Kaanapali Resort Condominiums

Kaanapali Condominiums

Kaanapali is home to several different condominium communities, with offerings ranging from studios to four-bedroom condominiums.  Located along Kaanapali Beach are the Kaanapali Alii and Whaler, and located on Kahekili are the Maui Kaanapali Villas, Honua Kai, Mahana and Maui Kai.  Surrounding the Golf Course, you'll find the Maui Eldorado, the Masters, Kaanapali Plantation, International Colony Club and Vintage.

Kaanapali Resort Condos 2024 2023 2022 2021 2020 2019
Number of Sales 23 70 148 237 159 168
Volume $37,105,000 $123,054,600 $247,257,475 $321,700,298
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Update May 15, 2024
The rates have been finalized by the county council with some changes:  Read Maui Property Tax Rates 2024-2025

Maui Property Taxes: What is proposed for this year?

Each year the county council reviews the proposed budget and sets property tax rates for the fiscal year (July 1, 2024-June 30, 2025)

This year, the Mayor of Maui County has proposed increases to the Owner Occupant Rate, Residential Rate (real property improved with a dwelling, as defined in the comprehensive zoning ordinance, that would not be classified as “owner-occupied”, “hotel and resort”, “time share”, “short-term rental”, “commercial”, “industrial” or “commercialized residential”), Short Term Rental Rate.

There are no proposed changes to the Long Term

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KAPALUA MARKET UPDATE: Q1 2024

Kapalua Ironwoods for Sale

The view from Ironwoods 62, a highly upgraded ocean view residence, currently listed for sale

Kapalua Condominiums:  Q1 2024 and a historical summary of sales

The Kapalua Resort is home to several different condominium communities, with offerings ranging from one to four-bedroom condominiums.  The Kapalua Bay Villas, Kapalua Ironwoods, The Coconut Grove on Kapalua Bay, the Montage Residences Kapalua Bay and the Ritz-Carlton Kapalua Residences are all oceanfront properties nestled along the Kapalua Resort's spectacular shoreline.  The Kapalua Ridge Villas and Kapalua Golf Villas both are located on the Kapalua Bay Course with ocean and golf course views. 

Kapalua Resort Condo Market*

KAPALUA RESORT
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Maui Real Estate Statistics March 2024

Each month, the Realtor's Association of Maui publishes updates on the Maui real estate market. 

The report notes:

U.S. existing-home sales improved for the second month in a row, jumping 9.5% to a seasonally adjusted annual rate of 4.38 million units, exceeding economists’ expectations and marking the largest monthly gain in a year, according to the National Association of REALTORS®(NAR).

The rebound in home sales comes amid fluctuating mortgage rates and elevated sales prices, indicating there is plenty of buyer demand heading into the spring selling season.

New Listings increased 19.8 percent for Single Family homes and 46.5 percent for Condominium homes. Pending Sales decreased 4.3 percent for Single Family homes and 1.1 percent for

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Introducing Alaeloa 44

Alaeloa

Alaeloa is a hidden gem nestled along the picturesque coastline of Napili.  This tranquil and idyllic enclave is home to just 42 residences situated on 13 beautifully landscaped oceanfront acres.  

Alaeloa 44 is a beautifully renovated two bedroom residence with vaulted ceilings and a spacious lanai with views of the ocean and the neighboring island of Molokai.  Nestled in a mango grove, the property has the charm and feel of Old Hawaii.

Alaeloa Maui Condo for Sale

Stunning Views  Stacking glass doors create a seamless living experience between the living room and lanai, with a focus on the view of the Napili  coastline and Molokai.

Alaeloa Condo for Sale

The kitchen is a dream beautifully remodeled to create a large kitchen island with seating for four, the

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Spotlight on Launiupoko: One of West Maui's most popular neighborhoods

What is the Launiupoko Neighborhood like?

Nestled on the picturesque slopes of West Maui, Launiupoko is an enclave of large homesites with stunning views. This idyllic community is known for its sprawling acreage, stunning ocean views, and a tranquil lifestyle that blends open space with the charm of island living. The area is zoned agricultural, providing a perfect blend of natural beauty and rural living, making it one of Maui's most sought-after locations. 

In Launiupoko, you will note the presence of many CPR "Condominium Property Regime" Properties.  The CPR process allows a property owner to create a minimum of two separate condominiums (most typically a main home lot

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Maui Real Estate Statistics February 2024

Each month, the Realtor's Association of Maui publishes updates on the Maui real estate market. 

The report notes:

U.S. existing-home sales grew 3.1% month-over-month to a seasonally adjusted annual rate of 4.00 million, exceeding economists’ expectations and marking the strongest sales pace since August 2023, according to the National Association of REALTORS® (NAR). Falling interest rates late last year, coupled with a recent uptick in inventory, helped existing-home sales to climb following last month’s decline, with monthly gains reported in the Midwest, South, and West regions.

New Listings increased 2.4 percent for Single Family homes and 52.1 percent for Condominium homes. Pending Sales decreased 5.1 percent for Single Family homes but

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