Volcano Eruptions

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Kilauea is erupting again, with lava spewing from Halemaʻumaʻu Crater at its summit inside Hawaii Volcanoes National Park. The latest activity began Tuesday morning, sending lava up to 330 feet (100 meters) into the air in the volcano’s ninth eruptive episode since December. While the eruptions have been ongoing for nearly two months, no residential areas are currently at risk.

For Kihei people interested in the Flooding mitigation, this is just a reminder about tonight’s townhall meeting held by Tom Cook 6pm at The Malcolm Center located at 1305 1305 N. Holopono St., Ste. 5. in Kīhei.

Flooding Mitigation

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Regarding Kihei Maui Flooding Mitigation:

Tom Cook, Maui Council Member who represents Kihei, will be holding a Town Hall Meeting tomorrow, February 12th, at 6pm at The Malcolm Center located at 1305 1305 N. Holopono St., Ste. 5. in Kīhei.

Happy New Year!

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HAPPY NEW YEAR AND HAPPY CHINESE NEW YEAR !

The new year celebrations bring hope and beliefs in new beginnings for many. The final statistics with the overview of 2024 should be ready for discussion within the next month. For now looking back to December 2024, U.S. existing-home sales rose for the second consecutive month, up 4.8% to a seasonally adjusted annual rate of 4.15 million units, an eight-month high, and 6.1% higher year-over-year—the largest annual increase since June 2021, according to the National Association of REALTORS® (NAR).

For Maui, new listings grew 13.4% for single-family homes but fell 7.7% for condominiums, while inventory surged 63.2% and 105.3%, respectively. Median sales prices increased 14.5% for single-family homes to $1,374,238 and 1.2% for condominiums to $860,000, with days on the market and months of inventory also rising significantly. Nationwide, the median existing home price reached $406,100, up 4.7% year-over-year, as total housing inventory of 1.33 million units represented a 3.8-month supply, still below the balanced market range, keeping upward pressure on prices.

From UHERO (The Economic Research Organization at the University of Hawaii) – 4th Quarter Report

“Hawaii tourism, which has flattened this year, will show modest improvement in 2025, as visitor arrivals expanded nearly 3%. U.S. mainland travel will strengthen, aided by federal tax cuts, but international markets may suffer from trade tensions and a stronger dollar. Tourism revenue will be constrained by stagnant per-person spending.

Maui’s recovery continues to face challenges. Visitor numbers remain subdued, with occupancy rates at historic lows and labor force participation constrained by post-fire disruptions and outmigration. Maui has regained more than half of the jobs lost to the wildfires, but employment remains well below pre-fire levels. Rebuilding efforts will provide ongoing support, but a full tourism recovery is years down the road.

On the positive side, the total number of scheduled air seats to the state for November, December, and January has increased relative to last year, indicating airlines’ confidence in potentially rising demand …. into the Winter season.”

We are presently marketing a new listing at The Palms at Wailea short term property. It also has the Golf Opportunities many wish for. This nice ocean view located in the preferred interior circle is two bedrooms and two bathrooms, with the updated split system ceiling air conditioning. $1.775K. Check out that listing along with many other beach front condos and estate properties with price tags and sizes for all:

https://www.mauirealestate.net…

For complete information for Hawaii go to our website

https://www.mauirealestate.net/

Keep informed with our blog where local information and statistics are posted:

https://blog.mauirealestate.net/

Enjoy our informative radio program: https://www.youtube.com/channel/UChcOyThjgwJgO5fV72YQVtg

If you would like a copy of our newsletter to share let us know at dad@mauirealestate.net

         The Hansen Ohana ~ Maui’s Real Estate Family for over 30 years

Happy Chinese New Year!

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Excitement is building as Oahu’s China Town sets plans to celebrate Chinese New Year starting tonight with Chinese dragons performing the Dragon Lantern Dance bringing all that feed them luck.

New Head Of School for Seabury

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After an eight-month process that evaluated more than 72 applicants globally, Seabury Hall has named Nicholas Rodriguez as its next head of school. On July 1, Rodriguez, who is now the head of school of Tampa, Florida’s Corbett Preparatory School, will take over for Maureen Madden, who held the position for six years. Rodriguez has a solid experience in education, having held leadership positions at several schools and earned degrees from Greenville University and the University of South Florida. He is commended for his commitment to creativity, teamwork, and creating a positive school climate. Rodriguez’s ability to align with the school’s vision and values is something that Seabury Hall executives and its board are confident will usher in an exciting new chapter for the institution.

You can read the entire article via the Maui News here.