Median Home Prices Climb

October median prices came within $6000 of the record previously set in May 2005 of $780,000. Coming in at $774,223 this is a 15.8 percent increase over the same time last year. October marked the fifth straight month with the median home prices being over $700,000. Total dollar amount in sales is up 4.6 percent compared to the same January to October 10 month span.

Although the median condo price was down in October to $499,000, for the 12 month period of October 2017 to October 2018 condo prices were up 10.2 percent. Inventory of condos for sale was also down 20.3 percent. The total sales amount for condominiums however was up 25.5 percent for January to October 2018 timeframe.

For more statistics and to see the full report, the Realtors Association of Maui October 2018 report is available if you click on the market statistics icon.

Open Homes And Available To View This Weekend! 9/21 to 9/23

Open Today, 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!

Come See Today-Just Call Us! Kamaole One #12-True Beachfront! 2 bedroom, 2 bath remodeled condo with breathtaking Ocean Views on popular Charley Young Beach. Boutique vacation rentable complex with only 12 units and covered parking.

Come See Today-Just Call Us! 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 and fitness center.

Com See Today-Just Call Us! Wailea Fairway Villas T103 Stunning ocean views are enjoyed from this top-of-the-line single level 2 bedroom, 2 bath Wailea condo. Amenities include partial furnishings, community pool, spa, fitness center and gathering room!

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

Got Land?

Build your dream home on any one of these available lots. Contact the Hansen Ohana today and we will help make that dream a reality for you!

Country Living At It’s Absolute Best! Paradise awaits! 40 acres of serenity located behind electronic gates. Ocean views and ready to build. Private water meter coming. Access to hiking and equestrian trails. Minutes to Seabury Academy and Makawao’s picturesque Paniolo Town. Approximately 20 minutes to the airport. The Best!

Ocean View Wailea Land! Fabulous building site in this quiet, ocean view location right on the golf course. Gated Wailea Golf Vistas is an excellent neighborhood strategically located within blocks to great beaches, fine dining, and The Shops at Wailea. Bring All Offers!

Wailea Fairway Estates! The only vacant lot in the sought after Wailea Fairway Estates! Directly across the street from the soft sandy Ulua and Mokapu Beaches. A short stroll to The Shops at Wailea and the wonderful amenities that Wailea has to offer. Broker owned. Now Only $824K!

Kulamanu 35 Kapalulu Place is a fabulous 10,738 sf ocean and mountain view lot in Kula’s prime community. Water meter in. Possible seller financing. Bring All Offers!

Open Homes Today And Tomorrow!

Open Today Saturday August 25th and Sunday August 26th from 1:00 pm to 5:00 pm Wailea Ekolu #805. Rarely available! Fabulous ocean view vacation rentable condo in the heart of Wailea. Beautifully remodeled 2 bed, 2 bath. Heavily rented.376126_1

Open Sunday August 26th from 1:00 pm to 5:00 pm Wailea Steal! 370 Kai Malu Wailea townhome. Gorgeous 3 bedroom, 2.5 bath with extended lanai and wetter. Pool, spa, gym, sauna, and steam rooms. Incredible value!

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Open Sunday August 26th from 1:00 pm to 5:00 pm Wailea Fairway Villas T-103. Wailea Ocean View condo overlooking golf course views to ocean sunsets. 2 bedroom, 2 bathing just moments to pool, spa and fitness center. Partially furnished. Easy to view!

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