As 2025 comes to a close, we at the Maui Property Team want to take a moment to say mahalo to our clients, partners, and community for allowing us to do what we love while giving back to the island we call home.

Real estate isn’t just about buying and selling property. It’s about caring for Maui and the people who make it special. Inspired by the spirit of aloha, we are proud to support local nonprofits through donations, dollar matching, and volunteer time with every transaction. Whether it’s nurturing youth, feeding families, protecting natural resources, or supporting public media, our mission is to help Maui flourish.

Overview: A Market in Transition

The November 2025 statistics from the Realtors Association of Maui reveal a real estate market that continues to rebalance after two years of regulatory shifts, affordability challenges, and increased inventory.

Across both condos and single-family homes, Maui is experiencing more choices for buyers, greater negotiating power, and price adjustments that reward well-informed decisions.

Below, we break down how the market is performing, with a regional focus on Maui’s most active buying and selling areas.

Maui’s tourism continues its resilient recovery, with October 2025 visitor spending climbing 11.3% year-over-year despite a slight 1.1% drop in arrivals. This trend of higher-quality visitors underscores Maui’s shift toward value-driven tourism, presenting strategic opportunities for Maui real estate investors in Maui vacation rentals and Maui homes for sale as demand for premium experiences grows.

Maui is phasing out over 7,000 short-term rentable condos in 2025 and 2026. The Minatoya List is disappearing, grandfathered permits are expiring, and thousands of Kihei, Wailea, and Lahaina units will soon be illegal to rent nightly. For travelers, favorite vacation condos are vanishing from booking sites. For buyers and investors, this creates the best purchasing opportunity in years with motivated sellers listing turnkey, legal vacation rentals at pre-pandemic prices. For the latest November 2025 Bill 9 update, read this detailed report from Maui Property.

Booking a Maui vacation rental now carries an unexpected risk: whether it will still be legal when you arrive. Hawaii’s patchwork of county-led regulations is turning the islands into a regulatory minefield, with Maui’s Bill 9 leading the charge. For Maui real estate investors and buyers of Maui homes for sale, this uncertainty is reshaping the market for Maui vacation rentals, creating both challenges and opportunities in 2025.

Confused by Bill 9 headlines and shifting timelines? You are not alone. Recent actions by a special County Council committee have outlined concrete steps that could affect Minatoya List apartment-zoned short-term rental (STR) complexes across Maui. The County is exploring a clear and fair path to rezone certain Minatoya List STR complexes that function like hotels. Considering a sale or purchase of an STR property? This article is essential reading to understand the shifts ahead and the opportunities they’re creating right now.

Maui County is ramping up efforts to combat Upcountry's persistent water shortages, announcing plans for additional wells, system upgrades, and interconnections to meet growing demand and mitigate drought risks. As the third-driest season in 30 years grips the island, with 94% of Maui under drought conditions, these initiatives are crucial for residents and investors eyeing Maui real estate in Upcountry areas like Kula, Makawao, and Pukalani. Enhanced water reliability could boost property values and appeal for Maui homes for sale and Maui vacation rentals in this serene, family-friendly region.

Seabury Hall’s girls volleyball team clinched the Maui Interscholastic League (MIL) Division 2 championship on Friday, October 24, 2025, defeating Molokai 25-15, 25-22, 25-17 at their home court in Makawao. This triumphant moment not only celebrates athletic excellence but also highlights the growing appeal of Upcountry Maui for families seeking top-tier education and community spirit, key drivers in Maui real estate demand for Maui homes for sale and Maui vacation rentals.

The Maui Planning Commission has deferred its review of a draft bill to expand accessory dwelling units (ADUs) commonly known as ʻohana homes, on lots under 10,000 square feet, delaying input until January 13, 2026. The decision, made October 30, 2025, after an eight-hour meeting focused on Wailea’s Four Seasons Resort renovations, means the County Council may advance the measure without commission feedback by the November 8 deadline. Despite the holdup, this bill represents a proactive step to increase housing stock amid Maui’s critical shortage, opening new doors for Maui real estate investors, multigenerational families, and wildfire rebuilders.

After over a decade of planning, Maui’s first full-scale climbing gym, Aloha Rock Gym, is nearing its grand opening in Kahului, offering founding memberships and community perks that are already generating buzz. This exciting development is a boon for Maui real estate, enhancing appeal for families and adventure-seekers in areas like Kahului and Kihei, where proximity to new amenities can drive demand for Maui homes for sale and Maui vacation rentals.