Highlighted News Stories From Maui, April 2022
Maui is just as busy as always. Home and Condo sale prices are hitting new records, Maui hotel revenue is the highest in the state, and Mokulele Airlines is adding more flights to neighboring islands. As the economy is seeing high prices all around, Maui is seeing an unprecedented low inventory of homes, creating an amazing seller’s market.
Maui County Hotels Lead State in Revenue Generation
Maui hotels have experienced the lowest occupancy rate in Hawaii during the month of February. While occupancy is lower than in other counties, room revenue was up 185% since February 2022, leading the state in revenue gain. Learn more about hotel revenue around Hawaii:
Home and Condo Sale Prices Hit New High in March 2022
Median sale prices for both homes and condos hit a historic high. A critical factor in the rising costs across Maui real estate is the unprecedented low inventory. Properties are moving fast off the market, with days on the market shrinking. Learn more about the Realtor’s Association of Maui’s March statics at:
https://mauinow.com/2022/04/05/report-maui-home-condo-median-sales-prices-set-new-highs-last-month/
Amendments made to South Maui Park Community Park Master Plan
The Maui Planning Commission has approved a new master park plan, extending the construction time and focusing the park more on community events. These changes will affect the previous project of multiple ball fields into a combined field. Read more about the amended changes and construction timeline extension to Kihei’s park:
50% of Maui County Power Generated Through Renewable Sources
Through primarily wind, Maui county reached over 50% of energy generation through renewable sources. Customer cited solar energy as the second largest contributor to Maui’s renewable sources. The island of Hawaii generated more renewable energy (by percentage) than Maui, having 60% of their 2021 energy being produced through renewable sources. Learn more about the growing usage of renewable energy at:
Fidelity National Title Hosts Top Maui Realtors In-Person
Hosted at the South Maui Gardens, Fidelity National Title hosted a gathering of the top real estate agents on Maui. This was the first in-person gathering of top agents since 2019. Both Robbie Dein and Ken Hayo were included in the top 3% of agents on Maui. Learn more about the top agent gathering at:
Mokulele Airlines Expanding Fleet and Adding Flights
Mokulele Airlines is adding two more planes to their fleet allowing them to expand their flight options to neighboring islands. The new planes will allow access to wheelchair-bound residents, and will also be used for athletic teams in Hawaii. The expansion is in response to Hawaiian air ending its flight service to Molokai and Lanai last year. Learn more at:
https://www.mauinews.com/news/local-news/2022/04/mokulele-to-expand-fleet-for-molokai-lanai/