Hansen Ohana’s Maui News May 2020
Maui Luxury Real Estate LLC
We will all remember these times, staying at home to protect our loved ones from Covid-19. It is important to stay Real. Know what is actually happening and not be too optimistic and nor too pessimistic. One way to remember it is to take your “MEDS”. M is for meditate daily, relax and visualize. E is for exercise, very important for mental and physical health. D is for diet; you are what you eat. S is for sleep, get enough. These are good ideas for health and happiness.
Here is our real estate update as of May 15, 2020:
April shows a surprising resilience in median sales prices. Homes prices were up 1.6% since last year at $762,000. Condos were up 10.1% from last year at $569,000. Number of new listings were down about 25% for homes and about 9% for condos. Inventory as well as pending sales for April remained low for both homes and condos. For the first 13 days of May the market is still showing resilience with 27 properties pending for South Maui, 7 properties for West Maui, 5 properties for the North Shore, 10 properties upcountry and 22 properties pending for Central Maui. With low interest rates and low inventory, the market is still moving.
There are a lot of plans to build projects in many parts of Maui over the next ten years. Additional housing is needed on Maui for Maui residents. One project is the Wailea Hills development, they have a portion of the 75 units for sale in 15 separate buildings; they will have underground parking. They have beautiful floorplans, many with gorgeous views and good locations. Prices started in the mid $1.5’s million and up and seem to be selling pretty steadily. You can view them virtually, just let us know. For project info please email firstname.lastname@example.org and we will send you the link.
We are featuring our listings virtually as well. You will feel like you are walking through them enjoying every possible detail. We strive to utilize cutting edge technology with a personal touch and felt this would be a good way for people to view our listings, ask questions and perhaps find their dream house or a great piece of land to start planning your dream home. Just go to our website at MauiRealEstate.NET
Low rates and mortgage relief is available. Qualifications vary loan to loan as well as the potential impact to your credit, but it is important THAT YOU CONTACT YOUR MORTGAGE COMPANY AS SOON AS POSSIBLE if you are considering a refinance, new mortgage or mortgage relief. With so many potential buyers now glued to social media we have significantly increased our advertising online by offering additional video tours, and virtual open houses and tours as you can see by the links below.
Virtual Home Tours:
Maalaea Surf Unit E3 https://youtu.be/AGgg7qSvC68
Na Hale O Makena Unit D102 https://youtu.be/aZ2ummycqac
153 Hokai Pl. Kihei https://www.youtube.com/watch?v=xhokgwLacs8&feature=youtu.be
65 Hale Noho Pl., Wailea https://www.youtube.com/watch?v=E1Rt8DAT8_0&feature=youtu.be
Matterport Links. https://www.mauirealestate.net/matterport/
May all good things come your way – laughter, gratitude, good health and good friends
Bob Hansen PB R(B)
Clint Hansen BIC R(B)
Donna Hansen R(S)