Upcoming Events

This Friday October 9th the hip-hop group Bone Thugs-N-Harmony will be performing at the Castle Theater.  The group has sold over 50 million records in their career and won a grammy in 1997.  Ticket pricing varies, including purchasing a meet and greet ticket enabling you to meet the band.   Prices are expected to go up the day of show.  More information via the Maui Arts and Cultural Center website here.

Saturday October 10th and Sunday October 11th is the Pacific Cancer Foundation Paddle for Life event.  You can register your own paddle team, or join a crew.  This event is scheduled to begin at 6:00 am.  If you are unable to participate in the event, you can still help the cause by making a donation.  The Pacific Cancer Foundation site has information on Paddle for Life, as well as other events taking place throughout October.

Maui’s Italian American Club will be having their annual potluck picnic this Sunday October 11th from 10:00 am to 3:00 pm at Kamaole III Beach park.  The Italian American Club is happy to have participants from any culture.  Please bring a side dish for 5 or more people to the event.  There will be a bocce ball contest with a prize for the winner!  The Italian American Club website has information for the picnic as well as information for upcoming meetings.  Visit their website here.

Have a wonderful rest of your week and a great weekend!


This Weekend On Maui

Maui Pride Festival will be going on the entire weekend starting with the Maui Pride Film Festival Friday night October 2nd and concluding Sunday with a beach party.  Various activities for both families or adults only will take place throughout the weekend.  The Maui Pride website has information regarding each activity as well as ticket information if applicable.  Visit their website here.

Saturday October 2nd at Whole Foods Market start celebrating October with Oktoberfest!  Samples of brews and delicious foods will be available.  Must be 21 and over with a valid ID.  The Andaz will be hosting their Oktoberfest on Sunday with a German inspired buffet, and $5.00 draft German beer!  Buffet price is $29.oo.  Come and enjoy drinks, food, and music!

First Sundays at Hula Grill Kaanapali will feature Benny Chong from 2:30 pm to 5:30 pm.  The Hula Grill music series happens once a month on the first Sunday of each month.  Artist’s are showcased here on the first Sunday.  Benny Chong is an award-winning jazz ukulele player.  For this event as well as other events at the Hula Grill, view their website here.

Happy Wednesday!  We hope the remainder of your week is enjoyable!


New Webcam!

Our new beach cam is up and running!  We appreciate everyone for being patient while we installed the new camera.  Check out the beach cam live on our website here.  This is the best way to check weather conditions on Charley Young Beach. Enjoy!


Autumn Newsletter

Maui Luxury Real Estate LLC ~ http://www.MauiRealEstate.NET ~ 808-879-3667 

Our Annual Holiday Toy Drive on December 4th is rapidly approaching!  Any and all donations are greatly appreciated.  We will gladly come to you for pick up, or stop by our office to drop off your donation.  This annual Hansen Ohana event has grown each year thanks to your generosity!


Semi-annual figures released, Year to Date as of August 31, 2015.
Statistics show the last few years have been a very stable and smooth market.  Prices have been on the slow, but steady rise since 2011.  There was a slight blip down however in August.   At the end of August 2015 the median home sale price was $550,000 which is a slight decrease from last year which was $570,000.  Condo median price dropped from $410,000 a year ago to $355,000 last month.  The month before however, the median condo price was $394,000 and in May were as high as $459,500.  The month-to-month changes can be deceiving as Maui is a small island and the number of sales and sample is small.  A few sales can change the numbers significantly. Days on the market for both condos and homes remain fairly stable at around 4 months.  Days on market generally depend on how well a property is priced.  Over six months on the Maui real estate market is considered to be a Buyer’s market. Under six months on the market is a Seller’s market.

Some people have surmised that the reason we may have seen a slight decline is due to the Canadian Dollar being worth about 75 cents to the US dollar.  Certainly, it is a consideration for Canadian buyers, but we are seeing many Canadian owners taking advantage of the exchange rate and putting their Maui property on the market (increase in Canadian sellers and decrease in Canadian buyers).  Sellers are doing well when it comes to selling as the exchange rate works well in their favor.

Maui property is popular with a large pool of potential buyers.  The actual numbers for buyers by area are as follows:  1. Hawaii at $285M     2. California at $194M     3. Washington at $78M     4. All of Canada at $53M     5. Colorado at $44M    6. Texas at $43M   7. Illinois at $29M   8. New York at $21M   9. Oregon at $17M     10. Arizona at $14M     11. Alaska at $12M.  The next highest country is Japan at $6M then Singapore at $5M.  Other International buyer activity is currently minimal.

We were at a presentation about a month ago by Paul Brewbaker, the premier economist for the State of Hawaii.  He continues to believe that we will maintain steady increases in prices.  The last couple of years we have been in the 8 to 10% increase range. This year so far we have seen about 7% increase to the end of July and Paul expects that we will settle in at about 6% for the next year then maybe 5% for the next 3 or 4 years.  This forecast has not changed much since the beginning of this year.

Summary:  The current thinking is that purchasers of condos and homes should continue to be optimistic until at least 2018. We still have some catching up to do price wise.  What does this mean to you?  This little blip down in the market in August could mean that this might be a great time to buy a condo or a home.  With our historic low interest rates and lower prices (which we fully expect to be temporary) it could be an opportunity.  Much depends on the global economy, as well as local and national events and politics.

THE ISLAND COUNTRY MARKET: The market, located on the north-east upper side of The Shops opened September 15th.  The wine bar will open at a later date.
WAILEA GOLF ESTATES II:  Recently purchased by a third party, the sixteen lots will become sixteen (16) custom designed luxury homes.  For more information, contact us at dad@MauiRealEstate.NET
WAILEA BLUE: The Club House and pro shop have moved back to its original location.  The current 10,000 square foot buildings housing Manoli’s, Urgent Care and Snorkel Bobs includes the Pro Shop.  Ask us about Phase two expansion of square footage.
PIILANI SUITES: Wailea Residence Inn is a 200 Room All-Suite Hotel is going full steam.  Located on Wailea Ike Drive, the main entry will be across from Ekolu Place with the secondary entrance by the Wailea Town Center.  This “Wailea Value” hotel is designed to attract families.  A pool will be on site.  The hotel roof appears near completion with the opening date scheduled for April 2016.
KEALA O WAILEA: This condo project located by the Gateway Center has begun sales.  Both Phase One and Phase Two lottery have occurred.  Many units are reserved by the Developer’s friends and family of the Developer. There are several available.  For additional information or receive updates contact us at dad@mauirealestate.net
SINGLE FAMILY LOTS AT GOLF ESTATES: This new subdivision will be a part of the Wailea Golf Estates just below the current subdivision.  They anticipate 16 lots of approximately 14,000 generous square feet each, with almost all having either ocean view or golf course frontage.  The infrastructure has begun; completion should be soon. This just in, a developer may be purchasing the whole project and offering completed homes and building them as sales are made.  Email us with your questions: dad@MauiRealEstate.net
MAKALI’I O WAILEA:  This property is owned by Wailea Golf LLC and is planned to be co-developed by Armstrong Builders.  It is located across the street and up from the Fairmont Kea Lani.  The project is a sharp departure from the typical Wailea look.  The look and feel will be mid-century modern with Hawaiian touches.  There will be 17 buildings of 4 units each in a townhouse style.  Most of the units will have grand ocean views and will be 2 or 3 bedroom homes with a garage. Construction is currently on hold waiting for WCA approval.  To keep updated contact us at dad@mauirealestate.net
HOKU O WAILEA:  This condo project consisting of 75 Multi-family units in 15 three-story, five-plex buildings located on the corner of Wailea Alanui and Okolani Drive is several years away.  Email us for further updates.

Presently there are a lot of new developments under way in Kihei, Kula, Kahului, Wailuku and West Maui.  If you would like to learn about any of these new, current or future developments, contact us at dad@MauiRealEstate.NET

On a personal note, 2015 continues to be a great year to date for The Hansen Ohana and Maui Luxury Real Estate LLC.  We now have 16 licensed agents and we choose to remain medium sized with no more than 20 licensed agents. We will only work with agents who have the same attitude of helping our clients the best way possible.   Over the years we have had a combined almost a billion dollars in closed sales between the three of us.  We have enjoyed assisting so many old and new friends in their purchase or sale of Maui property.  We are proud of our combined over 70 years of real estate experience and truly love what we do.  As full time Maui residents for over 26 years and a website second to none for Maui, we have valuable contacts, experience and resources to assist our clients.  Please call us anytime and if you or someone you know is considering buying or selling property on Maui.  We look forward to hearing from you.

Bob, Clint and Donna

Bob Hansen, Realtor® Principal Broker ~ Clint Hansen, Realtor® Broker-in Charge ~ Donna D. Hansen, Realtor® (S)
The Hansen Ohana Real Estate Group  ~  Maui Luxury Real Estate LLC  ~ Wailea Town Center  ~ Suite A-106


Weekend Events Update

Starting on Thursday September 24th and running through Sunday September 27th is the 93rd annual Maui Fair.  The Maui Fair will be held at the War Memorial Complex in Wailuku.  This “Timeless Tradition” started in 1916 and is considered a must do event!  The Maui Fair will kick off on Thursday with its traditional parade that happens to be the largest parade in Maui.  The entire weekend will be filled with fun entertainment, rides, food, and more. For information on the fair including ticket information and the fair schedule,  visit the Maui Fair website here.

Saturday September 26th The First Tee Hawaii’s Family Golf Day at The Dunes at Maui Lani will be happening from 9:00 am to 2:00 pm.  Golf activities for the entire family will be available.  Games and activities for kids along with food and refreshments!  Golf lessons will be available from on site professionals.  Admission is free!  The First Tee Organization site has more information for this event.

The Emma Farden Sharpe Hula Festival is this Sunday September 27th from 9:00 am to 2:00 pm in Lahaina at the Lahaina Banyan Tree.  “Aunty Emma” had made it her mission to preserve the cultural tradition of hula serving on many boards and creating numerous events.  Activities, lei making, and hula dancing will be taking place throughout the day.  The Emma Farden Sharpe Hula Festival Facebook page is viewable here to keep you up to date with this event.

We hope the remainder of your week is wonderful and that you have a fabulous weekend!