The Grand Taste event at Maui AgFest & 4-H Livestock Fair will feature an added course this year, Grand Desserts, presented by Maui County Farm Bureau. Local ingredients will be highlighted in the competition to see which of the 11 participating chefs can create the best main dish or “potluck” dish. Chefs from Maui’s top locavore restaurants will once again participate in the event, with returning winners and new young chefs showcasing their talents. The judges will award prizes for “Best Protein,” “Best Vegetarian,” and “Best Overall,” while the public will have the opportunity to vote for their favorite dish to decide the Tylun Pang “Fan Favorite” award. Tickets for the Grand Taste event are available online for $30 in advance or $40 on the day of the event. The event will take place on June 3 at War Memorial Special Events Field in Maui. Read more at Maui Now
Maui Property Tax Rates
Maui County residents who own and occupied their homes will see lower property tax rates beginning in July, but those with owner-occupied properties valued at more than $3 million will see their rates increase from $2.71 to $2.75. Rates for other categories remain flat. Despite this, the rates for other categories remain constant. It is important to note that while the tax rates for owner-occupied Maui properties are decreasing, home values are increasing. As a result, some or most property owners may still experience an overall increase in their tax payment for 2023 as compared to last year. Read more at Maui News
Maui Barrio Fiesta’s slate of food and fun set for May 26-27
The Barrio Fiesta is an exciting celebration that honors the rich cultural heritage of the Philippines. This year’s festivities will be held on May 26th and 27th at the Binhi at Ani Filipino Community Center in Kahului. The event promises to be a lively affair, with a variety of contests, traditional dances, and other activities planned. Visitors to the Barrio Fiesta can look forward to watching a fascinating lechon demonstration that showcases the traditional method of preparing a whole roasted pig. In addition, there will be a range of fun contests, including a pageantry and special events. Attendees will also be treated to performances of Philippine folk dances which will showcase the beautiful history and traditions of the Philippines. Whether you are a local resident or a visitor to the area, the Barrio Fiesta is an exciting event that you don’t want to miss. The festivities will run from 5pm to 10pm on May 26th and from 10am to 10pm on May 27th, ensuring there is plenty of time for everyone to experience all the fun and excitement of this wonderful cultural event. Read More at Maui News Here
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Maui Residential Homes
The Maui real estate market is constantly shifting and adapting to changing conditions. In recent times, a decline in the number of residential homes sold in all Maui districts has been observed. However, it is worth noting that homes that meet specific criteria are holding up well. Specifically, homes with up to 2500 square feet, built before 2010, and with a maximum of five rooms and bathrooms, on land areas up to 11,000 square feet, have maintained their value. In fact, the average sold price for such homes has remained stable compared to last year, with a significant increase noticed in 2022. This trend indicates that these types of homes are in high demand and are likely to continue.
March 2023 Maui Residential Sales Volume
According to the latest data, Maui’s residential real estate sales volume for March 2023 was dominated by West Maui, comprising the largest portion of the pie with a whopping $61,493,758. South Maui followed closely behind with a total contribution of $37,459,000, while Central Maui lagged behind with the least volume contributed. This data highlights the continuing strength and demand for real estate in West Maui and South Maui, driven by their scenic location, stunning views, and development opportunities. In addition to the scenic location and stunning views, other factors contributing to the growing popularity of West Maui and South Maui include the high-end restaurants, resorts, and amenities available in these areas. These features attract high-net-worth individuals looking for a luxurious lifestyle and a sense of exclusivity. Moreover, as the pandemic continues to shape how people approach their living spaces, many individuals are prioritizing open spaces, proximity to nature, and access to outdoor recreational activities. These factors are readily available in West Maui and South Maui, with their abundance of parks, beaches. Overall, the recent data emphasizes that West Maui and South Maui are currently the hottest real estate markets in Maui, and this trend is unlikely to slow down anytime soon. The key will be to manage growth effectively to ensure that Maui remains an attractive place to live for both locals and new residents seeking a slice of paradise.
Kihei, Wailuku & Kahului
According to recent data, the Kahului and Wailuku real estate residential market area has seen a slight increase in the average sold price from March of 2022 to the 1st quarter of 2023. However, the Kihei real estate residential market area has experienced a significant decline throughout the same time frame. This could be due to various factors such as changes in market demand, property condition, location, and other economic factors. It is important for both buyers and sellers to keep an eye on these trends in the real estate market to make informed decisions about their investments. Real estate professionals can provide valuable insights and guidance to navigate these market changes effectively.