A LITTLE BOASTING FIRST!
We are very proud to announce that Hawaii Business Magazine awarded both Bob and Clint Hansen with the prestigious State of Hawaii Top 100 Realtor designation. It’s important to note that there are over 10,600 licensed agents in the State of Hawaii and Bob and Clint are the first father and son on Maui to both receive this recognition. It’s their hard work and dedication that set them apart from so many others.
LATEST REAL ESTATE STATS ~ Semi-annual figures released, Year to Date 2016
Statistics for Maui show the last few years continue to be a stable and orderly market. Prices have been on the slow, but steady rise since 2011. At the end of June the median Home sale price was $657,000 which is a nice increase from last year which was $607,000. The Condo median price increased slightly from $355,000 to $384,000. 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 about 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.
The Global Market is a bit of a mixed bag. Our Worldwide partner JUWAI reports that Asian housing markets show Hong Kong down almost 10% from last year, while Japan had a 5.5% increase. Philippine market chats a healthy growth of 3.9%. The Middle East price increases have slowed but are still showing some increases. Qatar for instance reported a 9.7% increase compared to last years’ 27.81% increase. Israel rose 4.52% while Dubai had a decrease of 9.26% (oil prices?) The United States housing prices grew 4.29% while Canada grew 5.67%.
Summary: While there is always local and international news that could affect the housing market, Real Estate has been and continues to be a store of value as well as one of the best ways to increase ones net worth and family security. The current market is sustainable into the future and with the current and continuing low interest rates it continues to be a great time to buy.l and international news that could affect the housing market, Real Estate has been
Great News! The new Wailea hotel “Wailea Residence Inn” is very close to completion, with the dust fences already removed, and expected to open in August. Congratulations to RD Olson for a job well-done.
For up-to-date information regarding new projects for workforce housing, affordable housing to very high-end communities throughout Maui and the Hawaii Islands email us at email@example.com.
Behind the scenes, the Hansens work diligently on our marketing efforts utilizing the most effective resources and tools. They are now promoting listings in 3D with the new Matterport system. This cutting-age tool allows buyers to experience fully immersive virtual spaces that feel so real, it’s like being there. The models are easy to share with anyone with a computer or mobile device.
Mahalo for your continued support and loyalty! Bob, Clint and Donna
Bob Hansen, Realtor® Principal Broker
Clint Hansen, Realtor® Broker-in Charge
Donna D. Hansen, Realtor® (S)
Information herein deemed reliable but not guaranteed and is subject to change. If your property is presently listed for sale, this is not a solicitation for that listing.
Maui Luxury Real Estate LLC
161 Wailea Ike Place, Wailea Town Center Suite A-106