Prices Rise As Inventory Declines

Median prices for both homes and condominiums rose for the month of February while inventory and sales declined. Median home prices increased 15.4%  to $790,000 and median condo prices rose 11.8 percent to $524,500. These stats were released by Realtors Association of Maui.

Closed sales for February homes were down 19.4% to 79 homes. Closed condo sales were down 3.2% to 120. Kihei was the city with the most homes sold, with Wailuku and Kahului close behind. Closed condo sales also saw Kihei with the most units sold with Napili/Kahana/Honokowai and Wailuku next.

Maui’s market was on trend with the rest of the nation showing a decrease in closed sales. Potential homeowners will likely take advantage the remainder of the year with interest rates being more stable then 2018’s unreliable changing rates.

As always, contact the Hansen Ohana with any and all of your real estate needs!

Angel Award Presented

Congratulations to Anne-Marie Forsythe the recipient of the Hui No’eau Visual Arts Center’s Angel Award. The award was presented to Forsythe during the Art Affair event that took place in February.

Forsythe has been a leader in arts education throughout the community. After starting at Hui as a registrar 13 years ago, she is now deputy director. She has implemented programs that include field trips for school age children, and generating hundreds of new visiting artists from around the world. Forsythe gets her greatest since of accomplishment seeing the youth field trips at Hui. Much of her efforts have been towards Maui’s keiki having access to visual arts.

Congratulations again Anne-Marie on your well deserved accomplishment!

Makawao Steak House Closes

Members of the upcountry community were deeply saddened at the closure of Makawao Steak House. The restaurant closed its doors Sunday after a two-year financial loss. The restaurant had been in business for more then 40 years.

Makawao Steak House was originally owned by the Eneim family. It started as a store, but was converted to a restaurant to accommodate the theater next door. The hope in the community is that whomever is the new owner will keep the Makawao Steak House tradition.

Many have taken to the Makawao Steak House Facebook page sharing memories, favorite dishes, and sending well wishes. The restaurant will be truly missed.

 

Limited Access On Kahakuloa Road

Starting tomorrow, Tuesday February 26th, the Department of Transportation will reinstate limited access of the main road through northwest Maui.

Rockfalls along Honoapiilani Highway were the cause of the previous closure that had been lifted on Sunday. Crews and a rockfall contractor have been inspecting the highway looking for other potential rock fall sites. Starting tomorrow boulders and rocks loosened from the recent storms will be removed. The area effected will begin at Mile Marker 41 and run toward Lahaina.

Work will begin at 6:30 am to 4:30 pm. During the crews work hours access will be for residents only. Full closures will be done in 15 minute intervals for debris clean up.

 

Flash Flood Watch

Maui County has issued a 24 hour flash flood watch starting later today at 6:00 pm. Deep tropical moisture is expected to cause heavy rain and thunderstorms. The flood watch will last through tomorrow at 6:00pm.

Although Haleakala National Park reopened, the severe weather conditions are expected to continue for the early portion of this week. Weather is expected to show improvement hopefully starting on Wednesday.

Beachgoers and swimmers should be cautious. Large waves and strong currents are expected.