South Maui Real Estate: August 31

The real estate market in South Maui is currently experiencing a period of cautious inactivity, largely due to the ongoing deliberations surrounding Bill 9 by the Maui County Council. This proposed legislation aims to phase out thousands of transient vacation rentals (TVRs) in apartment-zoned districts, a significant portion of which are located in South Maui. As a result, both buyers and sellers of these properties are in a holding pattern, awaiting a final decision on the bill's provisions, including the proposed phase-out timeline. The uncertainty has created a divide in the market, with potential buyers either holding off on purchases or seeking properties in unaffected hotel- and resort-zoned areas. This has led to a noticeable slowdown in sales and an increase in the median days a property stays on the market, as the future value and potential use of many condominium units remain in question. In addition to that major challenge, I believe buyers are also waiting to see if interest rates will fall. We shall see....

August 31, 2025.pdf

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See you next week,

Ken