Aloha from Maui-Island Update March

Hawaii ‘Safe Travels’ program concludes March 25th
Hawaii Travel Restrictions will end for domestic travelers

According to Hawaii Governor David Ige, the State of Hawaii will drop the current ‘Safe Travels’ program for domestic travelers at midnight on March 25, 2022. The indoor mask mandate will end the following day. Under the new guidelines, the first-day travelers could visit the state without Safe Travels restrictions will be March 26th beginning at 12:01 am HST. That now means beginning March 26,2022, domestic travelers to Hawaii will no longer need to wear face masks indoors, fill out online forms via Safe Travels, no longer  have to worry about QR codes, no longer have to provide proof of vaccination, and ultimately, there won’t be any additional requirements or restrictions to fly to Hawaii  on a domestic flight.

Featured Listing of the Month

219 Plantation Club Drive, Lahaina, HII
Plantation Estates
Lot: 12 | View: Mountain/Ocean | Land Area: 2.01 acres
$2,250,000.00

Beyond my Wildest Expectations!

Market Update March 2022

The U.S. real estate market remains hot ahead of the spring selling season, with existing home sales up 6.7% according to the National Association of REALTORS®.
Experts attribute the growth in sales to an uptick in mortgage interest rates, as buyers rushed to lock down their home purchases before rates move higher.
Mortgage rates have increased almost a full percentage point since December, with the average 30-year fixed-rate mortgage briefly exceeding 4% in February, the
highest level since May 2019.

Maui Pending Sales decreased 27.0% for Single Family homes and 31.0% for Condominiums. Inventory decreased 25.6% for Single Family homes and 71.3% for Condominiums. Median Sales Price increased 18.3 % to $1,058,500 for Single Family homes and 31.2 percent to $730,500 for Condominium. Inventory was down 17% from a year ago and equivalent to 1.6 months supply.

For a comprehensive market update select the Monthly Market
Statistics link below.

Report From Realtor.com the Best Time to List a Home in 2022.

To produce the report, the Realtor.com researchers examined seasonal trends in 2018 and 2019 as well as 2021’s housing data — excluding Covid 2020. The best week was determined by comparing a range of factors including competition among sellers, listing prices, the time homes spent on the market before being sold, home buyer demand and the likelihood of price reductions.

Overall, the best week to list a home for sale nationwide was the week of April 10 to 16. That week stood out for a number of reasons:

• Homes typically sold for prices that were 1.4% higher than the average week, meaning the national median listing price could be as much as $5,000 higher than average based on the prices seen this year.
• In 2021, this same week saw a 20.9% uptick in the number of views each listing got, compared to the average week throughout the year.
• Historically, homes listed during that week have sold 13.2% faster than average.

Additionally, under the backdrop of 2021’s national shortage of homes for sale, there were far fewer people who had homes listed during the comparable week last year. Consequently, homes put on the market at that time were far less likely to experience a price reduction.

One of my goals in 2022 is to learn how to draw!

Drawing #11 “Top Banana”

If you are in the market to sell your Maui home, it will be my pleasure to provide you with a complimentary market analysis of your property. Please allow me to use my 25-year West Maui experience, powered by the Keller Williams’ impressive worldwide network, to your advantage. I look forward to hearing from you. I hope all is well. Stay healthy!