Maui's December 2010 Real Estate Statistics

Brief Maui Statistics Overview:

December’s Sales Volume – End of the year figures reflect a push to close transactions by year’s end. Residential Sales rose to 70 homes sold, while Condo Sales increased to 92 units sold.  Land sales came in at 14 lots sold.

December’s Median SALES prices – Home median prices rose to $465,706 and Condo median prices rose slightly to $355,747. Land median price was $394,850.

Days on Market for Residential homes = 139 DOM, Condos = 171 DOM, Land = 190 DOM.  (General DOM Note: this is the average DOM for the properties that SOLD. If predominantly OLD inventory sells, it can move this indicator upward, and vice versa. RAM’s Days on Market are calculated from List Date to Closing Date [not contract date]. As such, it includes approximately 60 days of escrow time.) Also – Short Sales transactions can often take 4-6 months to close thereby extending the marketplace’s average DOM.

Year Too Date: Residential unit sales rose (+17%), average sold price = $747,891 (+5%), median price = $460,000 (-8%) and total dollar volume sold = $608,783,134 (+23%).

Condo unit sales increased (39%), average sold price = $648,043 (-10%), median price = $377,500 (-16%). Total Condo dollar volume sold = $743,305,403 (+25%).

Land – NOTE: Land Lot sales are such a small sampling that statistics in this property class are not necessarily reliable indicators. Land lot sales increased (+14%), average sold price = $513,571 (-53%), median price = $405,000 (-19%), Total dollar volume = $56,223,494 (-47%).

Also, total sales for immediately past 12 months: Residential = 812, Condo = 1,148, Land = 127.

January 10, 2011 – Active/Pending/Contingent status inventory:

           Jan. ‘11     Dec.    Nov.    Oct.   Sept.    Aug.   July   June   May   April   Mar.   Feb.   Jan. ‘10

Homes       963      974     976    1,001    981      994   1,008  1,007  1,040  1,059   1,043  1,040      996

Condos    1,383   1,371  1,347    1,394  1,455   1,503  1,412  1,423  1,449   1,494  1,567   1,541   1,495

Land          569     601     596       601     620     604      601    591     579     585      568     561      522

Disclaimer: Zooming in on the figures of a specific geographic area or property type may lead to different conclusions than the overall view. Maui’s market place is much smaller than Oahu’s, and a few high or low sales have a greater effect on the statistical numbers without necessarily indicating a big market swing one way or another.

SOURCE: REALTORS Association of Maui – http://www.RAMaui.com

MLS Sales data – Information deemed reliable, however not guaranteed

**Additional statistics and graphs for 2010 are available for specific regions and for the island as a whole.  If you would like additional graphs and/or information please email Clinthansen33@gmail.com

Jonathan Byrd Wins the PGA Season Opening Hyundai Tournament of Champions in Kapalua, Maui

Early Byrd

Jonathan Byrd is the PGA’s first winner of the season after taking the Hyundai

By Ann Miller

Article from: The Honolulu Star-Advertiser

Jan 10, 2011 

KAPALUA, MAUI » It took an All-American effort for an American to finally win the Hyundai Tournament of Champions.

Jonathan Byrd outlasted Robert Garrigus yesterday, capturing a weeklong shootout with par on the second playoff hole at Kapalua’s Plantation Course.

It was his second win in as many starts. Byrd qualified for Kapalua in his final 2010 event, when he became the first golfer to win a playoff with a hole-in-one. Going into the Fall Series, he was in danger of losing his playing privileges.

So was Garrigus, which only made the two Americans appreciate yesterday’s drama more.

“I’m just thankful,” Byrd said. “I’m overwhelmed, I’m grateful. All of the above.”

So was Garrigus, gracious to what could have been a bitter end, if he had let it.

On the final playoff hole — No. 1, which Garrigus bogeyed yesterday and double-bogeyed Saturday — Byrd nearly drained a 53-foot birdie putt. Then Garrigus three-putted for bogey.

He lipped out a 3 1/2-foot par putt to make Byrd the first American TOC champion since Jim Furyk in 2001.

“I just hit that putt too hard,” said the irrepressible Garrigus, who was signing autographs and giving away all his golf balls while waiting to see how Byrd would finish regulation. “I was trying to take all the break out of it, played it straight and pushed it a centimeter and it hit that lip and didn’t go in.”

Both fired 6-under-par 67s in yesterday’s final round to close at 24-under 268. It was the third-best winning score since the TOC moved here in 1999.

The low scores were a testament to Kapalua’s idyllic conditions and the golfers’ brilliance in the 2011 season opener. Garrigus and Byrd poured in birdies, and a few eagles, all week and so did pretty much everybody else.

The golf was so good that U.S. Open champion Graeme McDowell was out of it minutes after tying the course record with an outrageous 11-under-par 62. His remarkable day ended anticlimactically when he parred the 18th for the fourth straight round and came up a shot short of the playoff.

The Plantation’s stunning closing hole proved anticlimactic for everybody yesterday.

Garrigus, who led the tour in driving last year, was 4 under on the 663-yard final hole this week. But he missed a 12-foot eagle putt that could have won it in regulation yesterday.

Byrd, who shared the lead with Garrigus and Steve Stricker going into the day, had a birdie putt to win on the last hole. He came up short on the 18-footer.

Garrigus and Byrd went back up to the 18th tee and tried it again on the first playoff hole. This time Garrigus could not get there in two, and his distance advantage suddenly became a disadvantage.

He was the only one in the 32-man field to reach the 18th three times this week and had never had the chip he faced. He left it 17 feet from the hole and needed a 3-footer coming back to extend the playoff.

He made that one, but missed the next. And smiled, still.

“It was a great week,” he insisted. “I mean, I shot 6 under today and was in a playoff. I felt like I won the tournament within the tournament for myself because I told myself if I could shoot 6 under I could win.

“That’s golf. I’ve lost about 133 golf tournaments and it’s not that big a deal.”

Byrd has been there. This was his fifth win, but he went nearly three years without one until that extraordinary hole-in-one.

“I have to say it was God’s blessing,” Byrd said. “Every good and perfect thing comes from Him, good and bad. It all comes in different packages so I have to give credit where it is due.

“And perseverance. I’ve worked hard. … not changing anything, just keep working at it, keep plugging. I just kept doing that at the end of the year and it paid off.”

Again and again, now.

Byrd pointed to his second shot at the 10th — after a “little shank-cut” off the tee — that led to birdie as a critical swing yesterday. He converted the 11-foot putt to ease the sting of missing a 4-footer the previous hole.

Then, on the 15th, he hit it within 5 feet to get to 24-under. It would become the magic number after Garrigus was left to lament a missed 4-footer at No. 10 and the eagle that got away, and that pesky first hole.

He still walked away with a huge grin, and $635,000 — about what he earned in 2008 and 2009. Since he won at Disney in his last start last year, he is a new man.

“It’s mental,” he said. “Just thinking in my brain that I am better than everybody on the course; regardless if I may be, I have to feel like I am better than every single person mentally and talent-wise. … It’s a lot of fun to think you’re good and actually do it. It’s a blast.”

He was better than almost everyone here, including McDowell, who is ranked fifth in the world and tied his career low yesterday. Only Byrd, who has spent the last few months trying to simplify his golf life, could claim anything else.

Byrd birdied the first hole and led for the first 3 hours yesterday. McDowell and Garrigus finally caught him, but could never overtake him. Byrd rode his 2010 momentum to a $1.12 million payday in 2011.

“You get to a point where you kind of have a gut check,” Byrd said. “You get to a point where you might lose your card, which is where I was last year, and it forces you to find a way to play well.”

Now, the plan is not to change anything at this week’s Sony Open in Hawaii. Garrigus, who will also be at Waialae Country Club, would only like to change the ending.

Getting to Know The Hansen Ohana

The Hansen Ohana

CONSISTENTLY MAUI’S TOP REAL ESTATE PRODUCERS

  • Awarded “Maui’s #1 Top Producers” by Hawaii Business 2009, 2010
  • Certified Resort and Recreation Property Specialists
  • Certified E-Marketing Specialists
  • Previews International Specialists
  • Maintain Cutting Edge in Technology
  • Extensive Experience with International Clients
  • Maui Estates International, LLC in Wailea Town Center

    Robert Hansen, Realtor Broker
    Bob’s first long standing career was in the banking industry. He retired in 1984, after spending over seventeen years in the industry, with his last position as President of a Billion Dollar Bank. Bob then spread his wings and obtained his Series 7 Securities and Real Estate Broker’s licenses in California and his Broker’s license in Hawaii. Bob’s financial expertise, background in economics, and business education and knowledge lead our Ohana. In addition to his deep love of family, Bob dedicates time on the Governmental Affairs Real Estate Board and Na Hale O Maui, which assists in low income housing. His favorite sport is outrigger paddling.

     

    Donna D. Hansen, Realtor(S)
    Donna has been involved in the Real Estate business for over thirty years. She joined Bob in establishing Hansen Financial Services and branched out as Hansen Properties soon after. Donna is a Real Estate Broker in California and has a Realtor’s sales license in Hawaii. She has been active in many Real Estate Boards and continues to retain her membership in the San Francisco/Bay Area Multiple Listing Service, creating increased accessibility to West Coast buyers. Donna’s passions will always include her love of family, including their ten grandchildren and real estate. She also holds many advocacy positions for the less privileged children on Maui and the mentally ill for whom she serves on the State and Maui Service Area Boards. Donna loves silk painting and ceramics.

    Clint Hansen, Realtor(S)
    Clint, with a degree in Business Management from Southern Oregon University, has had his Real Estate license for 10 years. Raised on Maui, he graduated from Seabury Hall and understands the unique dynamic between the resort community and Maui’s traditional cultural values. He represents and embodies a true sense of balance with his strong work ethic, entrepreneurial endeavors, and dedication to his family, including his wife Carolyn and their dog. Clint enjoys activity sports including rock climbing and hiking. His fresh approach and insight round out our Ohana’s success.

    Rorie K. Suda, Realtor(S)
    Rorie was born and raised on Maui and has strong family roots in the community. Her family is well known for being a crucial part of South Maui’s growth. Rorie and her husband Shannon, a high school teacher, are the proud parents of a daughter and two sons. She has been licensed for four years with the Hansen Ohana. Her outstanding organizational skills and ability to get the job done are a tremendous asset for our clients. She is highly regarded in Maui’s real estate community.

    Current and past affiliations: Realtors Association of Maui, Inc.: Board of Directors, MLS Selection Committee and Governmental Affairs Committee, National Association of Realtors, Hawaii Association of Realtors, California Association of Realtors, American Investment Exchange Committee, San Mateo-Burlingame Real Estate Board, Menlo Park-Atherton Real Estate Board, San Francisco Peninsula Exchangers, Independent Brokers, Global Listing Service, Worldwide Properties Unlimited, International Listing Service, Maui Chamber of Commerce, San Mateo-Burlingame Board I-C-E Committee Member and Property Management Committee, Menlo Park-Atherton Board Education Committee, Hui No’eau Visual Arts Center, Maui Mental Health Advisory Board, Children’s Advocacy Center, and Homeless Outreach Programs.

    The Hansens have a strong belief in the importance of family ties and community service. Three out of the Hansens four sons with their families call Maui their home and enjoy spending quality time together. The Hansen Ohana is always there to lend a helping hand to one another as well as many Maui charities. Giving back is an integral part of their lives. For fun, outrigger canoeing is a big part of their recreational activities. The Hansens own their own 6-person outrigger canoe and enjoy being on the warm waters off the gentle southern shores of Maui early in the morning.

     

    Maui’s family tradition for Real Estate.
    Generations of Turning Maui Ownership Dreams Into Reality!

    Alaska Airlines Begins Direct Service from Bellingham to Honolulu

    Article from the Maui News

    HONOLULU – Alaska Airlines has begun new service between Bellingham, Wash., and Honolulu.

    The Seattle-based carrier is offering introductory $149 one-way fares for tickets purchased by Jan. 18 for flights taken between Feb. 14 and June 9, and for travel from Honolulu to Bellingham between Monday and June 9.

    The flight from Bellingham leaves at 5:20 p.m. and arrives at 9:40 p.m. The Honolulu leg to Bellingham leaves at 10:30 p.m. and arrives at 6:10 a.m. the next day.

    **For people wishing to travel on to Maui multiple interisland flights occur daily from Honolulu to Kahului, Maui on various airlines**

    Another Great Reason to Come to Maui – Elton John to Perform at the MACC February 25th

    Elton John to christen new MACC pavilion

    His ‘Greatest Hits Live’ concert set for Feb. 25

    January 7, 2011 – By RICK CHATENEVER, Entertainment Editor
    Article from: The Maui News
    KAHULUI – One of the biggest names in the music industry will launch the next chapter of history at the Maui Arts & Cultural Center when Elton John and his band inaugurate the new Yokouchi Pavilion with a “Greatest Hits Live” concert at 7 p.m. Feb. 25.

    “Elton John is an icon in the music industry, and his music has stayed classic throughout the decades,” said center Chief Executive Officer and President Art Vento on Thursday.

    Over his five-decade career, which includes a British knighthood, the piano-playing singer/ songwriter’s classic hits include “Your Song,” “Daniel,” “Rocket Man,” “Bennie and the Jets” and the proverbial many more. His “Candle in the Wind ’97” was the biggest-selling single of all time, with 37 million copies. With 35 gold and 25 platinum albums, he has sold more than 250 million records worldwide.

    Presented by Concerts West, Tom Moffatt Productions and the MACC, the event will be the only Hawaii appearance for Sir Elton and his band, including Davey Johnstone on guitar, Bob Birch on bass, John Mahon on percussion, Nigel Olsson on drums and Kim Bullard on keyboards. It also will be John’s first performance on Maui, according to Vento.

    John’s shows with the band are known for having audiences standing, dancing and singing along. The song list also includes selections from “The UNION,” his Grammy-nominated collaboration with Leon Russell.

    “The Maui Arts & Cultural Center is ecstatic to have Elton John perform in the new Yokouchi Pavilion. It is an honor to add the MACC to the list of venues in which Elton John has performed during his incredible career,” Vento said.

    Ticket prices are $77, $97, $152 and $252, with applicable fees added to each ticket. Tickets go on sale to MACC members at 10 a.m. Tuesday, continuing through noon Jan. 14. They go on sale to the general public at 10 a.m. Jan. 15.

    “We highly encourage becoming a MACC member before tickets go on sale Tuesday,” said Box Office Manager Jason Carbajal.

    The maximum number of tickets that can be purchased by an individual will be determined by the level of membership, from two to six. There also will be a six-ticket limit per customer when tickets go on sale to the general public.

    Tickets and more information will be available from the MACC box office, online at mauiarts.org/tickets or by phone at 242-7469.

    John’s appearance will be the first public event in the glass-roofed, $12.8 million pavilion that has transformed the outdoor space previously known as Yokouchi Founders Court. Occupying the same footprint as the previous stage, the capacity of the A&B Amphitheater remains the same, at around 5,000. Vento said fundraising for the pavilion project is ongoing and about $750,000 short of the amount needed.

    Vento attributed booking an artist of John’s stature to fortuitous timing.

    “We were just lucky,” he said. “We had been talking over a series of months. There was the possibility that Elton would come to Hawaii at the beginning of the year, and Maui had made the investment in upgrading the facility that would possibly be completed during that time frame. So we very aggressively pursued the idea. We kept in dialogue as we were building, and the timing became a realistic possibility. The fact that the pavilion is built and able to handle a show of this magnitude allowed for the discussions to continue.”

    The center’s staff is inviting audiences to “celebrate a new beginning with the opening of the Yokouchi Pavilion,” which will bring state-of-the-art capabilities to producing outdoor shows.

    Work on the pavilion has been going on over the last 20 months, generating about 155 jobs. Vento had called the project “a leap of faith” on the part of the MACC’s board of directors, embarking on major construction during a recession.

    While he observed last summer that it had helped “put Maui back to work,” he also noted it was the worst of times to try to fundraise.

    Now that the pavilion is complete, he pointed out, “The stage doesn’t stick out any further than it did before, and the rock wall at the back didn’t move. It’s just that there’s a real concert pavilion there now, able to accept shows with larger production capabilities.”

    He saw the project as continuing the legacy of its namesake, Pundy Yokouchi, the visionary cultural trailblazer who shaped every aspect of the unique facility, generated support for it and oversaw its construction to fruition.

    Likening it a “Field of Dreams” approach – if you build it, they will come – Vento described Yokouchi’s approach as “build it right, build it once.” It was a bold approach that resulted in putting Maui on the map of world culture.

    “Why build the Castle Theater in the middle of the Pacific Ocean in the first place? And why invest $13 million in a 16-year-old facility?” Vento asked rhetorically.

    “The complete package allows us to move forward for the next 16 years. We have to keep reinventing ourselves.”

    * Rick Chatenever can be reached at scene@maui news.com.