Events This Weekend!

This Friday September 22nd, come eat, play, shop, and dance at the Kihei Town Party and celebrate the first day of fall. This free event will take place from 6:00 pm to 9:00 pm at Azeka Mauka. Over 20 food trucks and food booths, and over 50 arts and crafts vendors will be bringing fun for the entire family! The Maui Fridays website has all the information on this event.

The Maui Okinawan Festival will be taking place this Saturday, September 23rd at the Maui Mall in Kahului from 10:00 am to 3:00 pm. This is a free community event. Live Okinawan music, Okinawan food, dancing, a craft fair, and games for keiki. Lots of cultural displays and professional photo sessions on hand. More information available here.

Also taking place on Saturday, September 23rd the 35th Annual Kula Festival! This event will take place from 9:00 am to 4:00 pm. Free parking available across the street at Keokea Park. Festival admission is $1 per person or a can of food which will be donated to the Maui Food Bank. Food, games, and a farmers market will be happening throughout the day. The St. Johns of Maui website has all the information for this event.

Enjoy the remainder of your week and weekend!

Coming Up This Weekend

Friday September 15th is 3rd Friday in Makawao! This free community event will run from 6:00 pm to 9:00 pm. Live music and entertainment will be taking place throughout the night. Food can be found in one of many Makawao Restaurants, or check out the pop up food court that will be set up along Baldwin Avenue. The Maui Fridays website has information on this event including musical guests and parking locations!

On Saturday September 16th the Pailolo Challenge race will be taking place starting at DT Fleming Beach and concluding at Kaunakakai, Moloka’i. This 26 mile race draws paddlers from not only Hawaii, but Canada and Australia as well. Opening ceremonies for this event will start at 7:30 am.  Multiple competitive classes will be participating in this event.  Come out and cheer on your favorite canoe.  You can view more information via the Paiolo website here.

Also taking place on Saturday September 16th, ocean lovers will gather at Po’olenalena Beach Park for International Coast Clean Up.  All supplies including gloves and buckets will be provided. The first 50 volunteers will receive a free lunch. Please bring your own water in a reusable water container.  The cleanup will take place from 8:30 am to 11:00 am. The Hawaii Paddle Sports website has instructions for all those looking to volunteer.

Enjoy the remainder of you week and have a great weekend!

Your Weekend Events!

September 1st, from 6:00 pm to 9:00 pm, kick off your weekend with Wailuku First Friday. Market Street will be closed to vehicle traffic starting at 5:30 pm. Food will be available from some of Wailuku favorite eateries including Gianotto’s Pizza, 808 On Main, Uptown Chevron and many others! Come and enjoy cooking demonstrations, art gallery opening, live music, and many other fun activities! This is a free family friendly event. The Maui Fridays webpage has all the information regarding this event.

Taking place from Saturday, September 2nd through Monday, September 4th the Potters for Life fundraiser to benefit the Pacific Cancer Foundation will take place at Nalu’s in Kihei. Nalu’s is also a sponsor for this event.  All pottery for the fundraiser is made local on Maui. A variety of demonstrations will take place throughout the weekend.  Please visit the Potters for Life Facebook page here for more information.

On Sunday, September 3rd enjoy the Champagne Brunch at the Ka’anapali Beach Hotel. Brunch will be served from 9:00 am to 1:00 pm and features live entertainment. Food items include waffles, crab legs, pastries, omelets, a carving station, and Hawaiian specialties.  Come enjoy the award-winning brunch that is a favorite of locals and visitors alike! The Ka’anapali Beach Hotel website has more information.

Enjoy the remainder of your week and have a safe Labor Day Weekend!

Solar Eclipse 2017

Here is a time lapse video rendering of the Solar Eclipse 2017 as viewed in Oregon! Enjoy!

Mid-Summer Newsletter

LATEST REAL ESTATE STATS

Semi-annual figures released, Year to Date 2017
Statistics for Maui show the last few years continued to be a stable and orderly market, however there has been a significant increase in the number of sales and median price from last year.  Prices have been on the slow, but steady rise since 2011.  At the end of June the median Home sale price was $740,000 which is an increase of 12.3% from a year ago.   The Condo median price increased a robust 13.3% to $435,000.  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.  Buyers are educated so pricing above market just means the property will sit a lot longer to sell unless they can find a reliable service as houseofcashin.com to make the sell easily.

Job creation is high and interest rates (while increasing slightly last month) remain at historic lows.  The pull toward home ownership remains high.  On the other side housing starts remain low which points toward a continued housing shortage on Maui.  With demand high for homes and supply low we might expect prices to continue to increase.  It’s also important to keep in mind that Maui is a relatively small market and a few sales can skew the statistics.

On Friday July 21, 2017 we attended an economic presentation featuring, Paul Brewbaker, who many consider to be the most the most highly regarded economist in Hawaii.   In a nutshell he said (barring some disaster) that there is no immediate threat of a downturn in real estate, there is no bubble and it is like we are on a slow and steady escalator ride into at least the early 2020’s.  For the complete video of Paul’s presentation please email us at dad@mauirealestate.net or call Clint at 808-280-2764 or Bob at 808-283-9456.

In summary, while there is always local and International news that could affect the housing market, Real Estate has shown to be a store of value as well as one of the best ways to increase one’s net worth and family security.   The current market appears sustainable into the future and with the current and continuing low interest rates it continues to be a great time to buy.

WAILEA DEVELOPMENTS

KEALA O WAILEA
This condo project located by the Gateway Center is under construction and moving along steadily with only a few left.   Most of the units are under contract, but there are a few left from the $800,000s with one available with a fantastic view in the 3 building around $1,200,000.

SINGLE FAMILY LOTS AT GOLF ESTATES II
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 is complete and sales, while a little slow, are happening.  One developer built home is also currently in progress. Email us with your questions:

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. Presale is getting close to the magic number to begin construction.  As of this date they report 54% are under contract.

MAKENA’S DISCOVERY LAND PROJECT
Makena’s Discovery Land gets the green light!  We had the opportunity to revisit this very interesting project offering a lot of integral working parts. The unanimous Planning Commissions approval to get started allows this development with golf course, private club, restaurant and dwellings get started.  Have questions or interest?  Call us for more information and a private tour:  dad@MauiRealEstate.net 808-280-2764 (Clint) 808-283-9456 (Bob).

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

On a personal note, 2017 has been a great year to date for The Hansen Ohana.  In 2016 both Clint and Bob Hansen earned the Top 100 Realtor designation for the State of Hawaii.  We believe this is the first time a father and son (separately) have both been recognized with this prestigious award.  Clint additionally received the 2017 top award.   We have enjoyed assisting so many old and new friends in their purchase or sale of Maui property in every price range.  We are proud of our combined 75+ years of real estate experience and truly love what we do.  As full time Maui residents for over 27 years we have valuable contacts, experience and resources to assist our clients.  Please call us anytime if you or someone you know is considering buying or selling property on Maui.  We look forward to hearing from you.
Warmest Aloha,

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
161 Wailea Ike Place, Suite A-106
Wailea Hawaii 96753

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.