Aloha All,
Happy October,
To our Canadian newsletter recipients, Happy Thanksgiving today, October 13th.
Also, please SAVE THE DATE December 6th for our annual Hansen Ohana Children’s Fundraiser. More information will follow next month.
We are following Maui County Council’s “Bill 9” a potentially disastrous idea of eliminating the property rights of around 6,500 properties and property owners since before 1989. These owners are currently able to vacation rent their properties. Many vacationers are not able to pay the hotel rate many around $1,000 or more. Families also like avoid eating in restaurants the entire time they are on holiday. They come here with their young families or retirees to enjoy Maui for a few days and spend money which is the life blood of Maui.
Today, October 14th, there is an important meeting where The Temporary Investigative Group (TIG) for Bill 9 will be presenting their report to the Housing and Land Use Committee. The findings have not yet been released and will be shared publicly for the first time at this meeting.
Location: Kalana O Maui Building, 8th Floor; 200 S. High Street, Wailuku, Maui, HI 96793
🔗 Agenda
🔗 Testify
Options for watching:
Teams Link: http://tinyurl.com/HLU-Committee
This will create another opportunity for public comments. To make your voices heard here are the emails of all the council members.
Alice.Lee@mauicounty.us, Council Chair
Yukilei.Sugimura@mauicounty.us, Council Vice-Chair
Tasha.Kama@mauicounty.us, Council Presiding Officer Pro Tempore
Thomas.Cook@mauicounty.us, Councilmember
Gabe.Johnson@mauicounty.us, Councilmember
Tamara.Paltin@mauicounty.us, Councilmember
Keani.Rawlins@mauicounty.us, Councilmember
Shane.Sinenci@mauicounty.us, Councilmember
Nohe.Uu-Hodgins@mauicounty.us, Councilmember
Let them know what you think. A survey of Maui Citizens was completed over a month ago and over 80% are against it, however when the Council’s Land Use Committee was in session the room was packed with mostly people who wanted to pass Bill 9. Make your voices heard.
***Please note that we realize many may not be able to attend or view the meeting. We will be sending a report within two (2) days after the meeting adjourns. Note sometimes the meetings run more than one day.
In other news
Median Sales Price decreased 9.5% to $1,292,500 for Single Family homes and decreased 33.8% to $655,000 for Condominium homes. Months’ Supply of Inventory increased 38.6% for Single Family homes and 38.3% for Condominium homes. Due to the uncertainty of vacation rentals most Buyers are waiting on the sideline. There has been a lot of talk about foreign buyers seeing opportunities in real estate and acting on it.
We are presently marketing beautiful ocean view properties, beach front units plus gorgeous homes from many locations throughout Maui and Oahu. We are available to assist you as you move forward in any direction or just simply have concerns you wish to discuss with us. We can also give you valuable information regarding 1031 exchanges on your vacation properties and investment properties. Recent exchange options include Delaware Statutory Trusts (DST) which offer worry free investments. Just ask us for further information. We offer multigenerational experience and opinions.
Also keep informed with our blog where local information and statistics are posted: https://blog.mauirealestate.net/
If you would like a copy of our newsletter to share let us know at dad@mauirealestate.net
Bob Hansen PB R(B) Clint Hansen BIC R(B) Donna D. Hansen R(S) 808-283-9456 808-280-2764 808-280-1650 RB-17532 RB-21616 RS-49765
MAUI LUXURY REAL ESTATE LLC, The Hansen Ohana ~ Maui’s Real Estate Family over 30 year
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