Category Archives: Real Estate News

May Stats Are In

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More record breaking stats are in for May.  Residential sales of 105 homes in May were at a six-year high here in Maui.  The median home price for a residential home also increased 22% since last year to $540,000.  Condo sales remain steady and strong at 138 units sold.  Prices for condos also rose 12% since last year to $381,500.  On both Condos and Homes there is less than a 6 month supply on the market.  This brings us to a solid Seller’s market.  Here is a link to the real estate stats:  http://www.mauirealestate.net/All-May2013.pdf

We are again at a time where multiple offers are coming in on well priced properties.  If you are a first time home buyer looking to break into the real estate market, now is the time.  Low inventory is driving prices and statistics are showing this trend in the market will continue.  For sellers, having your property appraised and inspected in advance will encourage offers from buyers.  If you’re a buyer, getting pre-approved so your house hunting adventure can be done with the confidence that you know your loan will be funded is strongly encouraged.

The Hansen Ohana strives to meet all of your real estate needs.  Contact us today if you or someone you know is looking to buy or sell property here on the islands.  We are happy to assist you!

Hawaii Home-Price Increases For March

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Irvine based Corelogic has ranked Hawaii No. 5 highest for home appreciation for the month of March in comparison to the same month in 2012.  With an appreciation of 14.3 percent, Hawaii’s increase is almost 4% over the national average of 10.5 percent in March.  This increase trend which started in 2012 and has continued in 2013, is driving the market with the home buying trend.  You can read the entire article provided by Pacific Business News here  .  If  you or anyone you know is looking to buy or sell property, call the Hansen Ohana today!  We would be happy to assist you with all your real estate needs!

IMPORTANT ANNOUNCEMENT!

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IMPORTANT ANNOUNCEMENT!

The Hansen Ohana strives to keep you up to date with the latest tools to help you with your real estate search and needs.
NOW AVAILABLE~!! Our Android App: https://play.google.com/store/apps/details?id=com.mauirealestate.hawaiire
If you own an IPhone and missed that announcement here’s that link: http://appstore.com/HawaiiRealEstateApp/

Strongest First Quarter In The Past 4 Years

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First Hawaiian Bank has some positive economic news to report.  This years quarter is the strongest we have seen in the past four years.  The bank conducts the Business Activity Report (BAR) on 16 different sales sectors.  Those sectors include autos, travel, and home improvement to name a few.  Sales of nearly $800 million were recorded, a record for any quarter to date, with all categories showing a positive gain for the first quarter.  Leading the gain was tourism posting a double digit increase from last year.  The entire article provided by mauinow.com can be viewed here.  With economy outlooks looking positive, now may be the time to consider buying real estate.  The Hansen Ohana, your full service real estate office, can  help you with any and all your real estate needs.  Contact us today!

March Statistics

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Spring has sprung and the first quarter of 2013 is complete.  We’ve had a very busy first quarter experiencing the real estate upsurge so widely discussed,   As a participant in the Sales end of the real estate market it is clear that there are increased showings, pendings and sales including multiple offers on “well priced” listings.  Hesitant buyers are now becoming Purchasers.  Well priced properties are attracting multiple offers making for a quick sale. Inventories have declined 14-16% over the past 12 months in Residential and Condo classes. REO (Foreclosures) and Short Sales are dwindling, with any “hidden inventory” (or overhang) backlog slowly trickling onto the market. Mortgage Interest Rates are still near historic record lows which may help motivate would-be Buyers to go ahead and buy IF they can qualify for a loan.  Here’s the link to the Board of Realtors statistics report:  http://www.ramaui.com/UserFiles/File/Stats/All-March2013.pdf  For the next few days we will discuss the different areas of the island and how these statistics point to certain directions.