Category Archives: Maui News

3rd Annual Classic Car Show

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Lahaina 3rd Annual Classic Car Show

 

The 3rd Annual Classic Car Show is being held in Lahaina this Friday April 10th.  Approximately 65 classic cars will begin their parade down front street starting at 5:30 pm.  Campbell Park and Front Street will be closed to traffic.

Prizes including trophies and Cool Cat Cafe gift certificates will be awarded in three different categories, and a $500 cash prize will go to the “Best in Show” car.  Various performances will be happening throughout the night including Darren Lee from Maui Theater, the Benny Uyetake Band, and a silent auction in Campbell Park.

Friday night is also Art Night in Lahaina.  Shop the art galleries and meet some of the artists.  Art Maps are available for pick up at the Lahaina Courthouse in Banyan Tree Park.

It will be a great way to start off the weekend!  Information provided by Maui Now available here.

Musically Inspired

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Mikaela Hansen, granddaughter of The Hansen Ohana’s Bob and Donna Hansen, used her love of music to write and perform a song for her college application to Western.  The uniqueness of the video has spread across the various social media aspect of Western.  Mikaela will be attending Western in the fall and hopes to incorporate music in some way no matter what career she decides on.

You can read more on Mikaela’s Western music video application curtsey of the Western Front Online here.  Congratulations Mikaela!

 

Parking Fees For The Shops At Wailea

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Paia Town-Your Starting Point On the Road to Hana

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Town of Paia

Paia Town has been named as one of America’s best small towns by BudgetTravel.com and it’s no surprise why. For having only one traffic light, this town sure packs a punch when it comes to dining and shopping. Some of Maui’s best dining experiences can be found in North Shore Paia, like the fresh fish sandwiches at the Paia Fish Market.  Some other dining highlights: Breakfast at famous Charlies, which also doubles up as Paia’s main nightlife spot with regular live performances and DJs. For something more upscale, Mama’s Fish House is a Maui Must! Reservations are also a must, especially at dinner and with impeccable service and delightful dishes, it’s easy to see why visitors return year after year. Lunch at Mama’s is a little less expensive, but definitely not for thrifty travelers.
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Mama’s Fish House

Shopping is another Must when visiting Paia Town. Treasures abound in the plethora of Boutique stores with rarities of all shapes and sizes, (and prices too!). From art to accessories to one-of-a-kind designer dresses.  And who knows, you may even find yourself bumping elbows with a celebrity hunting for the perfect swimsuit in one of Paia’s surf shops.  Paia has several beaches, most famous are Baldwin Beach and Baby Beach which is tucked in the far east corner, providing a little shelter from unpredictable North Shore winds. Hookipa Beach Park, just east of Paia Town is famous for windsurfing and sun bathing, but not the best swimming as there’s a lot of coral and rocks.
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Baldwin Beach

If you find yourself in Paia, we highly recommend a stop at her only grocery store, Mana Foods. (manafoodsmaui.com/). You will find a wide variety of healthy groceries, eco friendly products and friendly staff at hand, all at great prices too. Grab a snack to go at the hot bar and some healthy juices for the road.
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Mana Foods

Paia has some gas stations, it would be advisable to fill up before setting off on a trip to Hana. a full tank is more than enough to get you there and back, but there are no more gas stations directly along the way to Hana.

The Hansen Ohana Winter Newsletter

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Aloha and Happy New Year!

We are very grateful for a wonderful 2014 and wish everyone a happy, healthy and prosperous 2015!  There has been a lot of activity in the market, phenomenally low interest rates and new loan programs, low inventory levels and plans and progress on some new developments.  See below for a quick update on PROJECTS, and make sure to read the credit check facts while taking loan, they are very important.

In addition to regularly meeting with developers, attending Committee meetings and being actively involved in the Community we also attend presentations by respected economists like Paul Brewbaker.  Real Estate prices on Maui increased in the last year almost exactly as predicted by Paul Brewbaker a year ago.  Paul is considered by most to be the preeminent economist in Hawaii.  Last year he predicted that Maui prices should rise from 7% to 10% in 2014.  Sure enough in 2014 the prices of both single family homes and condos both rose in 2014 by 8% and 11% respectively.  The number of sales, however, fell by 4% for Homes and 10% condos.  To us, the number of sales is less important than steady values.  An orderly market, playing catch up to the 2007 crash and a sustainable increase in prices is the best scenario.  When we represent a buyer in a property purchase, or buy one ourselves, it feels a lot better when they go up in value.

At $570,000, the median sales price for a single family was the highest it’s been in 5 years.  While sales prices rise, the number of short sales and foreclosures decreases.  This reduced number of distressed sales is reflective of a healthier real estate market.

One of the more important factors is the Days on Market (DOM) for SOLD units. That number is currently 103 days for Homes, 119 days for Condos, and 137 days for Land.  This “Days on Market” figure is only for property sold, not units that have not sold.  Units that have not sold may not be priced correctly relative to current market conditions and of course, there are price ranges that are currently “hotter” than others.  Many times Sellers are not realistic in their expectations.

The best part of Paul’s prediction is that for the next few years he still expects a 7% to 10% yearly increase in property prices for Maui.  So how does all of this effect you?  Everyone’s real estate goals are different so it’s important to meet and discuss your personal needs and goals.  There are many factors to consider (exchange rates for international clients, interest rates, long and short terms goals, health and family etc) and no one size fits all so please call us to discuss how we can put our 75+ years of combined real estate experience to work for you.

PROJECTS REPORT:
● Ritz Carlton in Kapalua launch prices are predicted to range from $800,000 to $1,500,000.
● Keala O Wailea by the Gateway Center is progressing and is estimated to be coming on the market soon.
● Piilani Suites 200 unit hotel directly by the Wailea Town Center is beginning to pour foundations.
● Makali’i at Wailea 34 condos located across from the Fairmont is in for approvals.
● Makena Resort is moving forward with Maluaka lots available to purchase.
● The Parkways homes in Kahului have sold out.  A new phase will be available soon.
● Golf Estates 2, 16 home sites below Golf Estates, is nearing completion and should be ready toward the end of this year.
● Hoku O Wailea, 75 condos located at the corner of Oakalani and Wailea Alanui, is moving very slowly.
● Island Country Market, located at the Shops at Wailea, is coming out of the ground with steel I beams visible from Wailea Alanui.
● Shops at Wailea is planning to have their parking lot controlled with all paid or validated parking.

As always we are happy to answer any questions you have about what is happening in Wailea, Makena and all of Maui, please call or email us any time. We are known for our island wide experience, contacts and resources and pride ourselves in our knowledge experience and integrity.  We love to help people realize their real estate goals and love referrals.

Links to detailed info.  http://www.ramaui.com/UserFiles/File/Stats/All-December2014.pdf 

Enjoy the winter season!

Bob, Donna, Clint and The Hansen Ohana Group
Bob Hansen, Owner and Principal Broker
Clint Hansen, Realtor Broker
Donna D. Hansen, Realtor (S)