Aloha & Good Morning!
Today Maui will be mostly sunny with highs in the upper 80’s!
I have September sales statistics to share with you. However, first I wanted to share some interesting tax information that I recently came across regarding retirement plans. There is an exclusion for ‘employer funded’ retirement plans in Hawaii. If the plan is 100% employer funded, the income is completely excluded from Hawaii income tax. There are allocation rules when the employee contributes to the plan. I also have a link that was given to me by my local CPA that I want to share. This is great news for those of you that can take advantage of this. Tax Info Link
September Sales Statistics
The Realtors Association of Maui (RAM) has released the September sales statistics. As I have done in previous months, you will see two sets of numbers below. The first set shows you how many units sold in each of the three categories: residential sales, condo sales and vacant land sales. The second set of numbers shows you the median price for each category. Each set of data compare the numbers for sales made from January through September and we look at 2014 vs. 2013.
From the September Sales States you can see the median sales price has been on the rise when compared to last year’s numbers at the same time. Whereas, the number of units sold has a slight decline. The uptick in the median sales price will bring many current owners in the market as sellers.
ARTICLE: Pricier Maui homes sold in September - Maui home prices looked like they were on fire in September
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