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Great News!

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Great News!  Beginning November 20th, Hawaiian Airlines will be offering flights from San Francisco directly to Maui!  The airline will start with 4 flights per week and move to daily flights starting December 17th.  This will add more than 210,000 seats to the San Francisco and Maui travel markets.

Executive VP and Chief Commercial Officer Peter Ingram says these new flights offer another travel option for Hawaii residents to travel to the Bay Area, and for those in Northern California another reason to visit Hawaii!  You can view the article via CBS local news here.

 

 

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July Stats 2014

 

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The current market has remained stable.  Well priced properties are receiving multiple offers.  Sellers are getting their properties appraised prior to listing to prevent escrow fallout should any unforeseen problems arise.

For sellers to compete in a competitive market,  pricing properties realistically and having creative terms (seller second loan, sale with lease back, etc.), may give a property an edge in the selling market.

Many buyers are still taking advantage of low interest rates.  Getting pre-appoved can help a buyer feel more at ease during the home buying process.  First-time homebuyers may want to attend a home buying workshop to help give them the confidence they need before making a purchase.

The Hansen Ohana strives to keep you up to date with the latest in real estate news and events.  You can view more regarding July stats via Realtors Association of Maui here.

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Kuau Bayview Opportunity

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Incredible Kuau Bayview Opportunity!!! Great location close to the all Paia amenities, as well as beaches and parks! This 3 bedroom, 2.5 bathroom updated home is not a typical cookie cutter floor plan. It is bright and open, with beautiful arched window panes that allow natural light to flow through and has 9 ft ceilings in the downstairs great room that enhance the light and airy feel.

Ocean and mountain views can be enjoyed from the master bedroom, while indoor/outdoor living is a breeze with multiple lanais and a completely fenced yard. Fantastic location, lovely updates and a great price. The larger square footage of this home makes it a great value! Move-in ready! Fabulous opportunity calling…  34 N Laelua Pl.

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Meteor Showers Visible After Tonights Supermoon

 

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Tonight is the expected night for the brightest supermoon of the season according to NASA.  This moon will be 14% closer and 30% brighter then any other moon this year.  The supermoon of tonight, August 10th, kicks off  three days of heightened meteor shower activity.

Early pre-dawn mornings are ideal for viewing shower activity, known as Perseid, on August 11th, 12th, and 13th.  If clouds are disrupting your view, you can actually listen to Perseid on spaceweatherradio.com. Available on spaceweather.com, are real time meteor photos as well as space weather photos from around the globe. See shots of other peoples view of tonights super moon!  We would love to see your views from around the globe!  Tag #hansenohana on Instagram and share your photos with us!

This is a great opportunity to fall in love with astronomy.  We wish everyone clear skies and happy viewing tonight!

Summer 2014 Newsletter

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

Aloha!

We have so much to share with you, each item is very exciting.  “U.S. NEWS & World Report” has named Maui as the best place to visit in the U.S. and the fourth best place in the world!  This is not news to most of us but is terrific for Maui to continue to be recognized.

More exciting news:  We opened our new office at The Wailea Town Center in Suite A-106 right next door to Matteo’s Osteria.  We are waiting for a few aerial maps for the walls but are open Monday through Saturday.  We also have expanded our business to include “Maui Luxury Real Estate, LLC”.  Please come visit us.

For an Economic Update, Bob and Clint attended a recent economic report by Paul Brewbaker at the State of Hawaii 100 Top Realtors meeting on Maui in June.  At that meeting Mr. Brewbaker reported that Maui should fare well in home price increases over the next several years.  He feels that prices should be in the 7% to 10% range until at least the early 2020’s.  As you recall we had unsustainable increases in prices in 2004, 2005 and 2006 which was over 20% per year.  That is what creates a bubble.  Our current increases in prices at 7% to 10% are sustainable at least for the short term.  This is especially true for Maui as the demand for new housing is estimated at over 850 units per year (not even including mainland and foreign buyers) but there are estimated to be only about 350 permits issued per year.

With the projected increases in interest rates and the small increases in rates recently, it should spur some buyers who have been sitting on the sidelines.  For a complete detailed report here is a link http://www.ramaui.com/UserFiles/File/Stats/All-June2014.pdf

Paul Brewbaker’s idea on a way to increase affordable housing is to encourage developers and anyone to go ahead and build as many homes as possible at or below the median sales price which is currently at $575,000.  The current County rules on affordable housing are causing less affordable housing not more.  The County currently wants developers to provide 50% of any subdivision to be (in their definition) of what is affordable which is even lower than it should be.  All this does is to push developers to pass on building on Maui and build where there are way less restrictions.

So what does all of this do?  Due to decreasing supply and increasing demand prices will more than likely increase.

UPDATES ON NEW PROJECTS:

GROCERY STORE AT THE SHOPS:  The Island Country Market on the north side of the Shops is well under construction.  What a wonderful convenience that will be to all of us!

THE WAILEA BLUE CLUBHOUSE: Construction has begun on expanding the clubhouse next to Manolis.  The opening date is currently scheduled for October.

THE MONTAGE in Kapalua now has units available for sale starting at $1.9 to $8 million.  We have floor plans and pricing information available at our office or by email.  Interest has been strong and units are already under contract.

HONUA KAI in Ka’anapali continues to be extremely popular with very little developer inventory remaining.  We have represented 3 buyers in Honua Kai this year and would love the opportunity to represent you or someone you know who might be considering buying or selling.  We have extensive island wide contacts and experience and are always on the lookout for great opportunities for our clients.

FOR INFORMATION ON UPCOMING PROJECTS:  Email dad@MauiRealEstate.net or call us!

Our success is dependent on the loyalty of our friends and clients.  We are here to assist you with all your real estate needs and are available as your market resource, so please feel free to call us.  We always appreciate your referrals and hope to see you at our office soon!

Enjoy the remaining days of summer!

Donna, Bob and Clint

Bob Hansen, Owner and Principal Broker
Donna D. Hansen, Realtor (S)
Clint Hansen, Realtor (S)

 

Maui Luxury Real Estate, LLC

161 Wailea Ike Place, Wailea Town Center Suite A-106

Office 808.879-3667   |   Fax 808.442.0945   | http://www.MauiRealEstate.NET