Maui’s First Trampoline Park

Ultimate Air Trampoline Park opened last week and its a hit! The new park opened in Wailuku at the Maui Lani Village Center. Hours of operation are 1:00 pm to 7:00 pm Sunday through Thursday. Fridays the park is open from 1:00 pm to 10:00 pm. Saturday hours are 10:00 am to 10:00 pm.

14,000 square feet of the 23,000 square foot facility is all trampolines. Other play areas include dodgeball courts, foam pits, and basketball. Plans include adding exercise classes and extending hours during school holidays. Lots of fun for families and kids of all ages!

Future Dome Theatre

New Dome Theatre at the Maui Ocean Center broke ground on Wednesday. The future dome theatre will feature 139 seats, 360 degree 3-D laser images of ocean life and night stars. Fantastic way to teach through entertainment!

Great Pioneer Passes

Greg Kaufman, Founder of Pacific Whale Foundation, lost his struggle Saturday with brain cancer. Kaufman started the foundation back in 1980. During that time, only an estimated 800 whales would visit Maui. Today, due to the efforts of Kaufman, approximately 10,000 whales visit Maui each season.

Pacific Whale Foundation started out with small boats giving informative whale talks and Kaufman would give lectures at local hotels. Selling t-shirts was a means for research money. To date, the company has an estimated 200 employees.

Farewell Greg Kaufman an Mahalo Nui Loa for your dedication to the Pacific Whale Foundation.

The Hansen Ohana Real Estate Group’s Newsletter  

The Hansen Ohana Real Estate Group’s Newsletter  

A BIG THANK YOU TO ALL OF YOU WHO SUPPORTED THE ANNUAL HANSEN OHANA TOY DRIVE BENEFITTING THE FRIEND’S OF THE CHILDREN’S JUSTICE CENTER.  TOGETHER WE RAISED OVER $23,000 IN GIFTS AND GENEROUS DONATIONS FOR OUR MAUI CHILDREN WHO WOULD OTHERWISE NOT HAVE RECEIVED GIFTS OR VITAL SERVICES.

LATEST REAL ESTATE STATS

Let’s review what happened in 2017 in the Maui Real Estate Market.

Maui continues to show modest to good gains in real estate values.  Realtors on the front line continue to believe in the underlying value of Maui Real Estate.  The average inventory decrease of homes for sale for 2017 was 7.7% and 17.4% for condos.  Pending sales had an increase for homes of 12.6% and for condominiums 15.5%.  This shows the steady decrease of available inventory and increase in demand.  In fact the months supply of inventory of homes for sale has decreased over the last 3 years.  2015 was 6.8 months supply, 2016 was 6.5 months and 2017 was 5.5 months supply.  Condos went from 8.5 months in 2015 to 5.1 months in 2017, a dramatic decrease in supply.

We continue to see increases in average homes prices to $1,024,271 (5.8%) .  There was in an increase of average condominium prices to $445,000 (7.2%).  This is more evidence of a continued forecast of upward pressure on real estate prices.  No one knows what will happen in the future, but affordability of homes may be hurt with continued increase in interest rates and home prices.  Most savvy investors believe that now is the time to purchase or refinance their property.

As always if you have any questions please email us at dad@mauirealestate.net or call Clint at 808-280-2764 or Bob at 808-283-9456.

In summary, while there is always local and International news that could affect the housing market, Real Estate has historically shown to be a store of value as well as one of the best ways to increase one’s net worth and family security.   The current market appears sustainable into the near future.

WAILEA DEVELOPMENTS

KEALA O WAILEA

This condo project located by the Gateway Center is under construction, with some units completed and receiving occupancy.  It is completely sold out. 

SINGLE FAMILY LOTS AT GOLF ESTATES II

This new subdivision will be a part of the Wailea Golf Estates just below the current subdivision.  They anticipate 16 lots of approximately 14,000 generous square feet each, with almost all having either ocean view or golf course frontage.  The infrastructure is complete and sales, while a little slow, are happening.  One developer built home is also currently in progress. Email us with your questions:  dad@MauiRealEstate.net

MAKALI’I O WAILEA

This property is owned by Wailea Golf LLC and is planned to be co-developed by Armstrong Builders.  It is located across the street and up from the Fairmont Kea Lani.  The project is a sharp departure from the typical Wailea look.  The look and feel will be mid-century modern with Hawaiian touches.  There will be 17 buildings of 4 units each in a townhouse style.  Most of the units will have grand ocean views and will be 2 or 3 bedroom homes with a garage. Pre-sales have reached the magic number, with over 80% sold and construction is expected to begin soon.

MAKENA’S DISCOVERY LAND PROJECT

Makena’s Discovery Land gets the green light!  We had the opportunity to revisit this very interesting project offering a lot of integral working parts. The unanimous Planning Commissions approval to get started allows this development with golf course, private club, restaurant and dwellings get started.  Have questions or interest?  Call us for more information and a private tour:  dad@MauiRealEstate.net 808-280-2764 (Clint) or 808-283-9456 (Bob).

HONUA KAI VILLAS NEW DEVELOPMENT

Upcoming first release of Luana Garden Villas at Honua Kai Resort and Spa located in Kaanapali.  There will be 72 three bedroom/three bathroom Villas with one car garages ~ 4 different floor plans available.  Expressions of Interest are now being taken.

MORE INFORMATION

Presently there are a lot of new developments both residential and commercial  under way in Kihei, Kula, Kahului, Wailuku and West Maui.  If you would like to learn about any of these new, current or future developments, contact us at dad@MauiRealEstate.NET

Please call us anytime if you or someone you know is considering buying or selling property on Maui.  We look forward to hearing from you.

Warmest Aloha,

Bob, Clint and Donna

Bob Hansen, Realtor® Principal Broker

Clint Hansen, Realtor® Broker-in Charge

Donna D. Hansen, Realtor® (S)

The Hansen Ohana Real Estate Group

Maui Luxury Real Estate LLC

Wailea Town Center

161 Wailea Ike Place, Suite A-106

Wailea Hawaii 96753

 

Information herein deemed reliable but not guaranteed and is subject to change.

If your property is presently listed for sale, this is not a solicitation for that listing.

Maui Whale Watching

Peak Whale watching season is upon us! Whale season officially runs from the month of November to May. February is considered the peak time to see these beautiful creatures! The North Pacific Humpback Whales travel from Alaska over 3000 miles to the warm waters of Hawaii every year. Up to 10,000 whales visit the Hawaiian Islands each year.  Now is the time to take advantage of the Maui shoreline. Along Highway 30 is one of the best coastlines to explore and be on the lookout for whales! Good luck!

 

Humpback Whale exhibiting “tail slap” behavior