Category Archives: Real Estate News

Maui Condo Prices Reach New Decade High

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Condominium sale prices have reached a new high at a median price of $552,000 for June 2019. Active status Inventory for sale has reached an all time low and may indicate a seller’s market.

June inventory numbers dropped 14.6 percent for single family homes and 21.3 percent for condos compared to June 2018.

Median home sale prices rose 3.4 percent to $750,000 in June. The majority of homes sold were located in Wailuku. Majority of condos sold were found in Kihei with a median price of $550,000. Highest priced home sold was located in Kaanapali at $3.1 million. Highest priced condo was sold in Kapalua at $2,147,500.

If your interested in possibly buying or selling your home or condominium, call us today! We would be happy to assist you!

Dreams Come True In This Sugar Beach End Unit On Maui!

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February 4, 2015

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Sugar Beach

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July Stats 2014

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The current market has remained stable.  Well priced properties are receiving multiple offers.  Sellers are getting their properties appraised prior to listing to prevent escrow fallout should any unforeseen problems arise.

For sellers to compete in a competitive market,  pricing properties realistically and having creative terms (seller second loan, sale with lease back, etc.), may give a property an edge in the selling market.

Many buyers are still taking advantage of low interest rates.  Getting pre-appoved can help a buyer feel more at ease during the home buying process.  First-time homebuyers may want to attend a home buying workshop to help give them the confidence they need before making a purchase.

The Hansen Ohana strives to keep you up to date with the latest in real estate news and events.  You can view more regarding July stats via Realtors Association of Maui here.

International Home Buying Activity

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images The National Association of Realtors has published a report on international buyers in the United States after collecting information for a 12 month period. China, Canada, Mexico, India, and the UK were the top 5 countries for international buyers with 54 percent.  In a 12 month period ending March 2014, over $92 billion in purchases were made by foreign buyers.

The Hansen Ohana is experienced in working with international clientele.  We strive to bring you the latest news in the real estate market.  For more information on the international home buying activity, you can view the report via the National Association of Realtors here.

Makena Hotel Approved

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Yesterday, Bob Hansen of the Hansen Ohana, attended the Maui Planning Commission hearing where they approved the Makena Hotel plan.  The plan is to renovate the hotel from over 300 units to undo 50 much larger units.  Units will sell from $1.9 million to $6 million.  In addition, they will build a few beach homes to sell and a 76 unit hotel to rent.

Please check your local newspaper for details and updates of the project!