February 2020 Newsletter

  Hansen Ohana Maui News February 2020

As we complete the first month of 2020, we continue to experience an interesting Real Estate market.  Average prices remain strong for all property types, across all price points and have moved upward slightly for the year (7.2% increase for single family homes to the median price now $782,438.  7.7 % increase for condominiums to a median price of $569,000).   We continue to feel that moderate increases in prices with inventory in most areas shrinking is good for a steady real estate market.  Number of month’s supply of inventory for single family homes decreased 15.5% and Condominiums decreased 16.3%.  Less supply should lead to stable or increasing prices. Another positive factor is the current very low mortgage rates.

With our booming economy, low unemployment, increasing real wages and low interest rates our possibility of recession appears to remain low.  Let’s all root for a continuation of one of the longest periods of expansion and good economy. Of course, politics, the world economic and political factors are unpredictable so things could change in another direction, but we feel there is strength in the market.

On the national scene the Federal Reserve Chairman (Jerome Powell) remains cautiously positive about the 2020 economy.  Fundamentals supporting household spending are still positive.  He also mentioned the large number of job openings and that employers are more willing to hire and train semi-skilled workers.

There is exciting news on the farming front.  Maui continues to morph from a sugar producing island to diversified agriculture. Mahi Pono purchased a huge portion of farmland on Maui.  Their crop farm already planted is as follows: 120 acres of potatoes, 20 acres of onions, 22 acres of papaya, 144 acres of citrus and avocado.  This year is scheduled as follows: 3,500 acres of citrus, 240 acres of coffee, 15 acres of breadfruit, 2,000 acres of pastureland for grass-fed beef.

UPDATES TO NEW PROJECTS

Highlands at Kehalani (DR Horton) – Starting in the Low $700,000’s.  Four different floorplans ranging in size from 1,508 to 1,743 sq. ft.  No owner-occupancy requirements.

Ilima at Kehalani (Towne Island Homes) – Starting Prices from $691,000.  Ilima at Kehalani features 49 single-family homes. Offering seven distinctive floor plans ranging in size from 1,391 to 1,998 square feet of interior living space and featuring three bedrooms with two baths. Each home comes complete with extraordinary standard features that provide great options for comfortable living.  These homes do require a One-year owner occupancy. Builder’s Options/Upgrades Package may still be available for buyers to customize their home

Wailea Projects:  a lot of new communities coming to the public soon. The final details aren’t publicized yet.  The first project is approximately 75 condos, many with gorgeous ocean views and close to the beaches.  Not vacation rentable.   If you want to be on the list to receive notifications, be sure to contact us at hansens@mauirealestate.net.

Here’s a few of our featured listings with even more at https://www.mauirealestate.net/Homes-Featured.html

GREAT REAL ESTATE INVENTORY:

  1. 4315 E Waiola, Wailea Golf Vistas: Over 5,000 sf of total luxury. dynamic ocean views $6.9M  https://www.mauirealestate.net/mls-385469.html
  2. Na Hale O Makena D102: Single level 3bd, 2.5ba, upgraded kitchen, ocean view. $1.495M
  3. Polo Beach Units 509 and 707: Luxury 2 bd/2ba renovated ocean view units.

Polo Beach 509: Polo Beach 707:

  1. 1786 Halama: 3 bd/3ba oceanfront home with a 2 bd/1ba ohana. $3.298M.
  2. 1260 Naalae: 5bd/3.5ba Estate-quality living. $1.898M.
  3. Ironwoods Unit 62, 2 bd. 3 bath ocean and golf course view single level living unit with garage.
  4. Maalaea Surf Unit E-3 beautifully located beachfront community.

Wishing you a fabulous continued 2020.  Enjoy making memories and remember to stop and smell the roses.

The Hansens: Bob (808-283-9456) Clint (808-280-2764) and Donna (808-280-1650)

 

Best Buy Opportunities Open This Weekend!

Open Today and Saturday 2:00 pm to 5:00 pm

Kapalua Ironwoods #62

As you enter into this stunning ocean view dream property you are surrounded by lush landscaping that gives the feeling of a private home with the convenience of a centrally located condo. Relax and unwind in this first floor luxurious 2 bedroom/3 bath spacious Kapalua Ironwoods Property.

Open Today and Saturday 9:00 am to 12:00 pm 

Kihei Shores Building I, Unit 202

End Unit, 2727 So. Kihei Road. Second floor with no one above you. 3 bedroom, 2 bath including furnishings. Across from Kam 3, easy stroll to white sandy beach, restaurants and resort activities. Turn key.

Open Today and Saturday 9:00 am to 1:00 pm

1786 Halama

Prime oceanfront location! 3 bedroom beach house and detached 2 bedroom cottage with a 400+ square foot storage room offer a variety of living options. Owned PV and solar hot water systems add to the incredible value of this property.

Variety Of Open Properties You Don’t Want To Miss!

Open Today and Saturday 2:00 pm to 5:00 pm

Kapalua Ironwoods #62

As you enter into this stunning ocean view dream property you are surrounded by lush landscaping that gives the feeling of a private home with the convenience of a centrally located condo. Relax and unwind in this first floor luxurious 2 bedroom/3 bath spacious Kapalua Ironwoods Property.

Open Today 9:00 am to 12:00 pm 

Kihei Shores Building I, Unit 202

End Unit, 2727 So. Kihei Road. Second floor with no one above you. 3 bedroom, 2 bath including furnishings. Across from Kam 3, easy stroll to white sandy beach, restaurants and resort activities. Turn key.

Open Today and Tomorrow 9:00 am to 1:00 pm

1786 Halama

Prime oceanfront location! 3 bedroom beach house and detached 2 bedroom cottage with a 400+ square foot storage room offer a variety of living options. Owned PV and solar hot water systems add to the incredible value of this property.

Open Today 9:00 am to 1:00 pm, Saturday 1:00 pm to 5:00 pm, and Sunday 10:00 am to 2:00 pm

Polo Beach 707

No other condominium on the beach offers the elegance and sophistication of this true “Maui Modern Masterpiece.” Enjoy spectacular ocean and sunset views year-round from this prime 2018 completely remodeled corner unit at the exclusive Polo Beach Club.

Open Sunday 2:00 pm to 5:00 pm

Kihei Villages 20-201

Fantastic 2 bedroom, 1.5 bath nicely renovated Kihei Villages condo. Beautiful flooring throughout, both bathrooms nicely renovated. Easy stroll to the beach and quick access to transportation and downtown.

Immaculate Makena Residence!

Immaculately maintained single level Makena residence, privately situated, overlooking six manicured acres through tropical landscaping to the ocean! Spectacular sunset views are seen from throughout this oasis. Open concept living area with a sliding glass wall of doors lends to the indoor/outdoor lifestyle and great flow for small or large gatherings. The updated kitchen utilizes full Wolf and Sub-Zero appliances, Snaidero custom cabinets, and granite countertops. The beautifully renovated, secluded lanai includes ample seating area, Thermador gas grill, prep sink and refrigerator, not to mention birdsong, butterflies and star gazing. Only 300 steps to the beach. Na Hale O Makena amenities include a large heated pool/spa, waterfall, covered entertainment pavilion, fitness center and kayak/paddle board storage. The grounds provide an herb garden, along with bountiful fruit trees for your culinary enjoyment. Fully gated, with an on-site property manager for convenient secure access. All within walking distance of popular sandy beaches, kayaking and diving locations. Covered assigned carport with large locked storage area for your outdoor gear. Nearby world class resort shopping, restaurants and golf courses abound. Just eighteen miles from Kahului International Airport.

Possible Snow at Haleakala

Severe winter weather conditions closed down Haleakala Park yesterday at 1:00 pm as well as sunrise reservations were cancelled for today. Power was out at the summit throughout the night starting at around 4:30 pm yesterday.

Temperatures at the summit could go as low as 31 degrees today. Winds are expected to gust up to 40 mph. The windy conditions along with rain and possible ice make road conditions slippery. Recommendations are against visitors traveling on Haleakala Highway.