Hansen Ohana’s Maui Newsletter
Maui Luxury Real Estate LLC
Hawaii Governor David Ige provided an update on the State’s Pre-Travel testing program saying it is set to launch today on Oct. 15 with an expanded list of testing partners. Under the program, travelers arriving in Hawaii must take a Nucleic Acid Amplification Test from a CLIA certified lab within 72 hours from the final leg of departure and produce a negative result in order to avoid the state’s 14-day mandatory quarantine. Travelers are encouraged to take a second test 3 days after arrival, but it is not mandatory. It is free and people who do it get nice gift cards to restaurants. Children under the age of five are exempt from the test. This expanded list of partners includes Hawaiian, Southwest and United airlines; CVS Health and Walgreens; Kaiser Permanente and Quest Diagnostics; AFC and CityHealth Urgent Care; as well as Carbon Health, Vault Health and Color.
Separate from the travel testing, Gov. Ige also announced that the state will receive 420,000 Abbot BINAXNOW rapid antigen tests from the federal government by the end of the year. These 15-minute tests will be used first to protect the health of residents, specifically at long term care centers and as schools are reopened. If you need information regarding Covid testing approved by Maui County, which restaurants are open, what activities are available, etc., please let us know by emailing us at firstname.lastname@example.org We are happy to assist in any way.
Our real estate update as of October 12, 2020:
Median home prices as of October 1 were up 9.1% since last year at $785,000. On the other hand, condos were down 8.3% from last year at $495,000. Number of new listings were down about 3.9% for homes but remained flat for condos. For the first 12 days of October the market is still showing resilience with 37 properties pending for South Maui, 40 properties for West Maui, 7 properties for the North Shore, 18 properties Upcountry and 17 properties pending for Central Maui. With continued low interest rates and low inventory, the market appears to be relatively stable in terms of pricing for properties on Maui. Fidelity state this is the first month condos outsold homes.
If you’re interested in something new, there are quite a few projects in a variety of price ranges planned across Maui spanning over the next ten years. Additional housing is needed on Maui for Maui residents. Last month we saw renderings of some workforce housing being conceptualized in Kapalua across from Pineapple Grill and another up for approval in South Maui across from The Five Palms. In addition to that there is a project currently underway in Wailea. The Wailea Hills development includes 75 units for sale in 15 separate buildings. They have beautiful floorplans, many with gorgeous views, underground parking and good locations. Prices start in the mid $1.5’s million and up and seem to be selling pretty steadily. If you would like to view them virtually please let us know at: email@example.com and we will send you the links. In addition, there is an application for a Wailea Project consisting of 289 condos, 51 zero lot line homes, 92 duplex homes and 146 multi-family units of which 23 units could be short term rentals, but this may take some time before they get final approval.
With so many potential buyers now glued to social media we have significantly increased our advertising online by offering additional video tours, virtual open houses and tours as you can see by the links below.
Virtual Home Tours:
65 Hale Hookipa
65 Hale Noho Pl.
Grand Champions #163
Kihei Akahi C312
153 Hokai Pl. Kihei
All VR Tour Matterport Links
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 D. Hansen R(S)
808-283-9456 808-280-2764 808-280-1650
Hansen Ohana’s Maui Newsletter