Tropical Storm Olivia Still Causing Havoc

Although Tropical Storm Olivia passed through Maui a week ago, the aftermath is still ongoing. Residents in Honokohau Valley are continuing with their clean up efforts even with no water available. The storm not only washed away personal items, but homes and cars as well.

Volunteers have come and helped with the clean up and thankfully provided food. Donating supplies and hauling away debris so that residents can focus on rebuilding. Residents who were spared damage have helped get aid to those in need and rescue stranded residents.

Residents are still in need of help! Building supplies and helping hands are essential. If you are able to donate, please email haumaui@gmail.com to find out what the most vital items are.

Chinese Moon Festival

This Saturday, September 22nd from 5:00 pm to 9:00 pm the Chinese Moon Festival will be taking place in Lahaina at the Wing Ho Museum and Cookhouse on Front Street!

Colorful lanterns, tea, traditional music and cultural activities the entire family can enjoy will be taking place throughout the evening. Local artists will be on hand demonstrating painting of the moon. Traditional ribbon dancing and historical talks of the moon festival will also be taking place.

Chinese food will be available to purchase during the event along with moon cakes. This is a free event! Bring the family!

Open Homes This Weekend!

We have some amazing properties open this weekend!

Open Today from 1:00 pm to 5:00 pm Wailea Ekolu #1405

Beautifully appointed 2 bedroom/2 bath vacation rentable furnished jewel. Enjoy picturesque ocean views and all the Wailea Golf Amenities and discounts!

Open Saturday and Sunday from 1:00 pm to 5:00 pm Walaka Maui #405

Fabulous ocean view! Remodeled! Walking distance to popular Charley Young Beach! YOUR OWN GARAGE! Rare 1 bedroom/2 bath condo at the end of a cul-de-sac. Low maintenance. Pet friendly!

Open Sunday from 12:00 pm to 4:00 pm 370 Kai Malu

Wailea Townhome Steal! Nicely maintained 3 bedroom/2.5 bath condo in a quiet cul-de-sac overlooking greenbelt. Wet bar and large extended lanai for entertaining. Pool, spa, sauna, steam & fitness center!

Hansen Ohana September Newsletter

Aloha All,

We are set to deal with Hurricane Olivia which is projected to be a tropical storm.  You might want to observe some of the effects on our beach webcam at https://www.mauirealestate.net/video.php

We are approaching the high season for tourists and the busy real estate season and thought it was also a good time to update you.  While inventory continues to shrink you will also notice that prices have steadily and solidly increased at a very modest rate over the last year.  Island wide all properties had a median price of $613,750 which is a 6.7% yearly increase.  Single family had a medium price of $675,000 which is a moderate 1.7% yearly increase.  Condos had a medium price at $480,000 which is a 11.06% yearly increase.  The reason for this disparity may be found in people more willing to purchase in the lower price ranges.  Keep in mind that this is an average and that different areas may be more or less than this average.  Additionally where sellers were overzealous with their asking price, many have lowered them to market rates.

There is a statistic that clearly points out what is happening on Maui which is the months’ supply of inventory.  As of the end of August there was 5.3 months’ supply of real estate inventory.  While this may not seem low for San Francisco, historically this is a very low number for Maui representing a 20.9% drop in supply.

Luana Garden Villas at Honua Kai pre-sales continue to be strong – over 50% are now under contract.  Kalama Kai in Kihei has broken ground and vertical building is under way.  We have some wonderful land listings ranging in price from $389,000 to $1,725,000 with a variety of potential building options both residential and commercial.  If you or someone you know is interested in land banking, building a dream home or estate or real estate development with apartment zoning, please call us to discuss.

We are in the process of planning our annual Christmas Children’s Annual Event on Saturday December 1, 2018. We will be supporting the Friends of the Children’s Justice Center again this year.

Please give us a call for updates for your specific area.  We are here to help.  Following are our numbers.

Clint Hansen 808-280-2764

Donna Hansen 808-280-1650

Bob Hansen 808-283-9456

The Hansen Ohana

Maui Luxury Real Estate LLC

dad@mauirealestate.net

Watch Tropical Storm Olivia!

Watch Tropical Storm Olivia as it travels over the Islands at https://www.mauirealestate.net/video.php.