Maui real estate market

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The Maui real estate market is starting to signs of recovery, despite a higher rate of foreclosures and a controversy over potential property tax increases. According to a May 20, 2010 article from the Lahaina News, “The market is starting to turn, indicated by the increase in unit sales. While the Homebuyer Tax Credit program has ended, the resulting sales (closings) through May and June will show in the next two months’ statistics.” The article went on to note that “Anecdotal evidence from agents, lenders and escrow personnel indicate that a good portion of the transactions in process (not yet closed) are outside of the tax credit program, and that there is strong buyer-showing activity that should result in future sales. Condo median prices are showing some small upticks. The inventory includes many short sales and REO (bank owned) properties that will need to be absorbed as sales before we can move ahead to a more normal marketplace, at which time prices will start to rise.”
The Maui real estate market has also suffered from an increased rate of foreclosures – more Maui homes for sale have been either short sales or bank auctions. According to a May 13, 2010 article from the Honolulu Advertiser, “Real estate in Hawaii’s foreclosure pipeline hit a high for the year last month, signaling that homeowners continue to struggle with mortgage payments even as the economy and real estate market are showing signs of a slow recovery. The increase in foreclosures in Hawaii comes as the nationwide total dipped for the first time since the economy faltered more than two years ago, according to a new report.” The piece by Andrew Gomes went on to note that “On Maui, the rate was one filing per 187 households, based on 353 total filings.”
The property tax rate on Maui real estate may be facing an impending rise, according to a May 13, 2010 article from the Maui Weekly. The piece by Sarah Ruppenthal continued to say that “This form of consolidation, according to Upcountry resident Penny Dant, ‘is just about raising taxes…there is no reason to blend condos and hotels.’ In this current economic climate, she said, ‘Rents are down, home sales are down, jobs are in jeopardy – and the county wants to raise taxes?’”
Hawaii Wedding from Luaus on Maui

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Hawaiian Weddings and Receptions from Luaus on Maui
Professional Maui Wedding Planners and Coordinators
Luaus on Maui offers tropical or elegant weddings and receptions on the gorgeous island of Maui!
Our entire staff of professional wedding planners and coordinators will help you choose each and every detail of your special day in Hawaii… including the minister, photographer, videographer, beach or oceanfront estate location, bouquets, leis, menus, entertainment and much, much more!
Our top priority is to make the entire planning process easy, fun and exciting. And, of course, we guarantee that you will save more money than if you planned the entire event by yourself.
All professional service providers we use (including ministers, photographers, videographers, florists, floral designers, caterers, limousine companies, hair and make-up artists, singers, bands and entertainment specialists) have been selected based on their past experience, organizations they belong to, reliability and personalities. Be assured that we carefully select each and every individual or company that works with Luaus on Maui.
Luaus on Maui carries complete liability insurance and is on file with the State of Hawaii. We also carry additional liability insurance on every vendor we use. A copy of our liability insurance as well as state and federal identifications will be furnished upon request.
Although we have been members of various wedding and tourism organizations over the years, we have found that the Hawaii Visitors and Convention Bureau, Maui Wedding Association, Maui Visitor’s Bureau, Alternative Hawaii Weddings, Maui Travel Guide and the Maui Wedding Network far exceed any other non-profit network that does not offer a criteria for membership. After many years in the wedding industry, we have established ourselves to the point where we prefer affiliates that offer business programs that reach beyond the state of Hawaii and require active participation as well as extensive research programs concerning the latest trends in weddings.
Our marketing is done through various websites, magazine ads (including Modern Bride, US Bridal Magazine and LA Magazine) and bridal shows throughout the country.
All of our staff members are full-time and available seven days a week.
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