Category Archives: Maui Real Estate

Summer 2014 Newsletter

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Maui Luxury Real Estate LLC ~ http://www.MauiRealEstate.NET ~ 808-879-3667

Aloha!

We have so much to share with you, each item is very exciting.  “U.S. NEWS & World Report” has named Maui as the best place to visit in the U.S. and the fourth best place in the world!  This is not news to most of us but is terrific for Maui to continue to be recognized.

More exciting news:  We opened our new office at The Wailea Town Center in Suite A-106 right next door to Matteo’s Osteria.  We are waiting for a few aerial maps for the walls but are open Monday through Saturday.  We also have expanded our business to include “Maui Luxury Real Estate, LLC”.  Please come visit us.

For an Economic Update, Bob and Clint attended a recent economic report by Paul Brewbaker at the State of Hawaii 100 Top Realtors meeting on Maui in June.  At that meeting Mr. Brewbaker reported that Maui should fare well in home price increases over the next several years.  He feels that prices should be in the 7% to 10% range until at least the early 2020’s.  As you recall we had unsustainable increases in prices in 2004, 2005 and 2006 which was over 20% per year.  That is what creates a bubble.  Our current increases in prices at 7% to 10% are sustainable at least for the short term.  This is especially true for Maui as the demand for new housing is estimated at over 850 units per year (not even including mainland and foreign buyers) but there are estimated to be only about 350 permits issued per year.

With the projected increases in interest rates and the small increases in rates recently, it should spur some buyers who have been sitting on the sidelines.  For a complete detailed report here is a link http://www.ramaui.com/UserFiles/File/Stats/All-June2014.pdf

Paul Brewbaker’s idea on a way to increase affordable housing is to encourage developers and anyone to go ahead and build as many homes as possible at or below the median sales price which is currently at $575,000.  The current County rules on affordable housing are causing less affordable housing not more.  The County currently wants developers to provide 50% of any subdivision to be (in their definition) of what is affordable which is even lower than it should be.  All this does is to push developers to pass on building on Maui and build where there are way less restrictions.

So what does all of this do?  Due to decreasing supply and increasing demand prices will more than likely increase.

UPDATES ON NEW PROJECTS:

GROCERY STORE AT THE SHOPS:  The Island Country Market on the north side of the Shops is well under construction.  What a wonderful convenience that will be to all of us!

THE WAILEA BLUE CLUBHOUSE: Construction has begun on expanding the clubhouse next to Manolis.  The opening date is currently scheduled for October.

THE MONTAGE in Kapalua now has units available for sale starting at $1.9 to $8 million.  We have floor plans and pricing information available at our office or by email.  Interest has been strong and units are already under contract.

HONUA KAI in Ka’anapali continues to be extremely popular with very little developer inventory remaining.  We have represented 3 buyers in Honua Kai this year and would love the opportunity to represent you or someone you know who might be considering buying or selling.  We have extensive island wide contacts and experience and are always on the lookout for great opportunities for our clients.

FOR INFORMATION ON UPCOMING PROJECTS:  Email dad@MauiRealEstate.net or call us!

Our success is dependent on the loyalty of our friends and clients.  We are here to assist you with all your real estate needs and are available as your market resource, so please feel free to call us.  We always appreciate your referrals and hope to see you at our office soon!

Enjoy the remaining days of summer!

Donna, Bob and Clint

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

 

Maui Luxury Real Estate, LLC

161 Wailea Ike Place, Wailea Town Center Suite A-106

Office 808.879-3667   |   Fax 808.442.0945   | http://www.MauiRealEstate.NET

Maui Real Estate Group

150 Ala Hoku

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Views! Views! Views! Ocean, outer island AND mountain! This freshly remodeled 3 bedroom, 3 bathroom single level home is a true masterpiece and entertainer’s dream. Incredible kitchen with top of the line appliances and attention to every detail. The open and spacious floor plan is filled with natural light while keeping convenience and flow in mind. Phenomenally located on over 2 acres offering privacy and serenity. Looking for a dream piece of paradise? This is a must see.

 

150 Ala Hoku

 

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Maui Real Estate

70 Hale Alii Place

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Located in sought after Wailea Fairway Estates, this stunningly beautiful home is a residential work of art, with every detail designed to create an elegant yet comfortable lifestyle.

Impressive landscaped grounds boast a sun drenched pool and spa, lush tropical plantings, ultimate privacy and a soothing waterfall.

Just moments away from world renowned beaches and the incomparable Shops of Wailea, this architecturally designed home balances entertainment spaces with relaxed everyday amenities. Custom built by current owners in 2001, this private retreat has been meticulously maintained and nurtured to create an oasis of peaceful serenity.

Enjoy ocean views from the living room, kitchen and master suite which all open to a large covered lanai.

The gourmet kitchen with five burner gas cook-top and top-of-the-line appliances makes entertaining a joy. Besides the large master suite there are three other bedrooms. A spacious family room open to the lanais leading to the tropical pool and spa.

Truly a tranquil hideaway seamlessly integrated with the natural beauty of the island of Maui.

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70 Hale Alii Place

Hansen Ohana Economic Report

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Hansen Ohana Family MauiWe attended a recent economic report from Paul Brewbaker at the State of Hawaii 100 Top Realtors meeting on Maui in June.

At that meeting Mr. Brewbaker reported that Maui should fare well in home price increases over the next several years. He feels that price increases should be in the 7% to 10% range until at least the early 2020’s. As you recall we had unsustainable increases in prices in 2004, 2005 and 2006 which was over 20% per year. That is what creates a bubble.

Our current increases in prices at 7% to 10% are sustainable at least for the short term. This is especially true for Maui as the demand for new housing is estimated at over 850 units per year (not even including mainland and foreign buyers) but there are estimated to be only about 350 permits issued per year.

With the projected increases in interest rates and the small increases in rates recently it should spur some buyers who have been sitting on the sidelines.

Paul Brewbaker’s idea on a way to increase affordable housing is to encourage developers and anyone to go ahead and build as many homes as possible at or below the median sales price which is currently at $575,000. The current County rules on affordable housing are resulting in less affordable housing, not more.

The County currently wants developers to provide 50% of any subdivision to be (in their definition) affordable, which is even lower than it should be. This seems to have pushed developers to pass on building on Maui and build where there are less restrictions.

So what it does all mean? Supply and Demand. Economists’ indicators are for increasing prices.

Wailea Makena Tour of Homes

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This Saturday June 14th join the Hansen Ohana at the Wailea Makena Tour of Homes.  The event benefits Montessori Hale O Keiki Tuition Assistance Program.  The Hansen Ohana will be showcasing the following properties for sale:

Hours are 10 am to 4 pm. Admission is free!  Check-in and registration at the Wailea Town Center 161 Wailea Ike Place.  Be sure to stop by the new Hansen Ohana office unit A106 at Wailea Town Center for a chance to win hundreds of dollars in great prizes!