Housing Project Gets The Go Ahead

As reported by the Maui News, two housing projects were approved in South Maui by the county. The two projects include Liloa Hale Senior Rental Housing and Hale Kaiola.

A three story building will house 117 apartments at Liloa Hale. Hale Kaiola will be 40 duplex units. The council voted its approval of the project 9-0. 

Construction should begin within two years and be complete within five years.

Upcountry Forestland Acquired By The State

As reported by Maui News, over 3,000 acres of upcountry land has been purchased by the state. The plans for the land include trails for hiking, picnic spots, and forests excursions. Reforestation is also a top priority which will provide clean drinking water to Makawao residents. 

Public use of the area is most likely at least a year out.

 

Maui Economic News

The Latest Maui Economic & News Update Featured Hawaii’s Premier Economist
Paul Brewbaker Presented by the Hansen Ohana.  Email dad@MauiRealEstate.net with your questions!
 

Wailea Updates

Updates courtesy of the Grand Champions Villas Newsletter. 

Grand Wailea has the preliminary approval for major expansion, however, they are pending approval from the county. 

The Shops at Wailea are in the progress of their renovation and expect to be completed in late November. 

Plans for the sidewalk from the Marriot Residence Inn up to the Gateway Shopping Center have been submitted to the County. The County is moving ahead on approval. It is hopeful this project will be complete by December 1, 2020. 

Andaz, building A (19 units) should be completed mid-March 2021, crane removal early September. 

Makali’i 17 buildings with 68 units anticipated completion August 2021. 

Wailea Ike Hotel (110 units) completion in November 15, 2020 opening December 15, 2020, sidewalks completed and awaiting crosswalks. 

Hoku O Wailea (Star of Wailea). Off Okolani drive near Kai Malu: Final plans approved for 15 buildings (75 units). Construction date is the end of the year with 12 units already under contract. 

The concept was approved for 57 condominium style single family units between Wailea Alanui Dr and Kapili St which is currently under review by the Design Committee. 

Jac Kean professional and storage facility planned for above Ekolu is awaiting building permits. 

Wailea Community Association Offices are still in the planning process as an easement revision has been sent to the County.

A permanent traffic light is to be installed in February 2021 to the intersection of Okolani and Piilani. 

WCA is committed to upgraded security, particularly through the month of August. There have been no issues in Wailea to report. 

June 2020 Newsletter

Hansen Ohana’s Maui News June 2020

Maui Luxury Real Estate LLC

Exciting news!  As we enter the Summer and also the end of the fiscal year, Maui is celebrating the August 1st welcoming back of our tourists again without the 14 day quarantine regulations IF you have passed the Covid testing three days before arriving on Island.  More details will follow as they are published but for Maui, we are excited to see all those who enjoy our Island.  Even with the difficulties that these passed few months have tested Maui with, we have continued to prove that Maui continues to be a loved paradise no matter what is going on in the world.  Maui’s real estate market has continued to be relatively strong, not perfect, but really good.

Our real estate update as of June 24, 2020:May continues to show a resilience in median sales prices.  Homes prices were up 13.5% since last year at $800,000.  Condos were up 33.3% from last year at $680,000.  Number of new listings were down about 15.5% for homes and about 18.8% for condos.  Inventory as well as pending sales for April remained low for both homes and condos.  For the first 22 days of June the market is still showing resilience with 51 properties pending for South Maui, 25 properties for West Maui, 12 properties for the North Shore, 14 properties upcountry and 47 properties pending for Central Maui.  With low interest rates and low inventory, the market appears to be continuing to improve.

Good news, lots of projects in many price ranges in many parts of Maui over the next ten years. Additional housing is needed on Maui for Maui residents. Just this morning we saw renderings of some workforce housing being conceptualized in Kapalua across from Pineapple Grill.   A project currently underway is the Wailea Hills development.  They have a portion of the 75 units for sale in 15 separate buildings.  They have beautiful floorplans, many with gorgeous views and good locations and underground parking.  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 dad@mauirealestate.net  and we will send you the link.  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.

Whatever your preference of (for) location, climate, size, price range and use needs are, we will find it for you.  This is a perfect opportunity with interest rates low to move forward.  Our virtual tours, Facetime presentations have helped many succeed during this time.  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 interest rates and mortgage relief are available.  Qualifications vary loan to loan as well as the potential impact to your credit, but it is important THAT YOU CONTACT A REPUTABLE LENDER 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              

Grand Champions #163   https://www.youtube.com/watch?v=VO7MZy-XMyw&feature=youtu.be

Grand Champions #180   https://my.matterport.com/show/?m=aGmrbu7bgvQ&brand=0

Walaka Maui Unit 305   https://youtu.be/9bAnpHTTLdU                    

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

Kai Makahi D-202, Kihei   https://www.youtube.com/watch?v=ur9xscX6i8o&feature=youtu.be

Kihei Shores I-202, Kihei   https://www.youtube.com/watch?v=Ioo7498OkOY&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 R(S)

              808-283-9456                           808-280-2764                     808-280-1650