Long time Hawaii economist Paul Brewbaker made a presentation on Friday to more then 100 people at the Realtors Association membership meeting. The “bottom” of the market has passed. Low inventory is driving prices upward. Brewbaker said the lowest point had occurred around 2009 and 2010. You can read more on the membership meeting, and Paul Brewbaker via the Maui News here. This photo is of our very own Hansen Ohana broker Bob Hansen with Paul at another successful Paul Brewbaker Economic Summary. If you or anyone you know is interested in buying or selling property on the islands, don’t hesitate to call us today!
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Happy Canada Day!
What’s Happening In Wailea And Around Maui
The opening of Andaz Wailea: They are currently in the process of replanting the trees that were saved from the old site with an anticipated soft opening date of mid-late July 2013. The hotel has taken a green initiative and this is part of their LEEDS certification process. More information on the hotel and what it will feature are available at the Maui Anadaz website.
Maui County will begin replacing fixtures in restrooms at Polo, Wailea and Ulua beaches. The work should begin sometime in August and may cause some closures. Be sure to check for exact dates and times as the project grows near.
Manoli’s restaurant has been undergoing a remodel and anticipates beginning expansion to the kitchen area this fall. The bar area has been remodeled and new seating added.
Also underway are plans for changes to accommodate the return of the Old Blue Clubhouse. With hopes of opening next year, the work is scheduled to begin later this year.
Looking for fun events to attend? Mark your calendars for upcoming festivals. Maui Paintball is offering summer camps – the next session begins July 1. The Maui Jazz Festival scheduled for July 3 is at the MACC. July 6 is the popular Makawao Parade. September 20-22 are the Maui Marathon and Half Marathon. The Maui County Fair is October 3rd through the 6th. We hope your family is able to attend some of these great events.
The Hansen Ohana strives to keep our clients and friends updated with news, events, and valuable market trends. If you or someone you know is looking to buy or sell real estate on the islands please call or email us! Mahalo for your support!
HAPPY MOTHERS DAY!
Global Christie’s Updates Brought To You By The Hansen Ohana
The Hansen Ohana of Maui Estates International, proud affiliate of Christie’s International Real Estate, wanted to share with you some of the exciting news and updates that are happening within Christie’s International.
Christie’s will be traveling to Russia to host the Masterpieces Exhibition April 23-26. This is a preview of the most powerful and important art to be auctioned off this Spring season in both London and New York. Within the exhibition, a section will be dedicated exclusively to real estate. Videos, brochures, and magazines will all be available onsite. This will be a rare media opportunity for our network of fine art and real estate.
With limited inventory and high buyer demand, high-net-worth-individuals pushed prices of the luxury home market to historic highs. A new study by Christies International focused on the global luxury residential market. London led the way in the Luxury Residential Market with a property sale of $121 million. New York was second with a $88 million sale. The economic concerns that drive the general housing market did not affect the top tier sales that were achieved. Christie’s is the only global real estate network owned by a fine art auction house allowing unparalleled access to high-net-worth-individuals.
The Christie’s website has global information on properties, news and press releases, as well as global market updates. We at the Hansen Ohana strive to give you all the latest news locally as well as globally. Please contact us for all of your Hawaii real estate needs!



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