Contemplating A Move To Maui? Consider This…Lower Then National Average Unemployment

 

 

The appeal of living on Maui just keeps growing! Maui has the weather, the great recreational sports, and the beautiful surroundings.  Need another reason?  Low unemployment!  Maui’s seasonally adjusted unemployment rate for December was down to 5%.  That is a 1.9% decrease from the same time last year.  The national average for the seasonally adjusted unemployment rate was 7.8%.   2.8% higher then that here on Maui.  If you or someone you know is considering relocating to Maui, the Hansen Ohana has all the resources needed to call Maui home.  The entire article on Maui Unemployment can be viewed curtesy of mauinow.com.

IMPORTANT UPDATE…IPhone App for all Hawaii Real Estate & Important Stat update:

 

 

The Hansens strive to make your real estate transaction a pleasant, stress free experience. We know today’s consumers are more tech and Internet savvy then ever before. In a recent study provided by Google and the National Association of Realtors, 90% of homebuyers searched online during their home buying process. This is a 254% growth over the past 4 years. Our website http://www.mauirealestate.net lets you search for specific properties in certain locations, keep a watch on your favorite listings, and provides you with up to date information on the latest market news and trends. We value and appreciate our loyal friends and clients. In 2012 we had a miraculous 1,882,763 visits to our website! This is a direct benefit to sellers who list with us as their property receives exposure to potential buyers that just having a yard sign or occasional print ad just can’t do by our revolving featured listing program. In keeping with the trends of marketing and real estate, the Hansen Ohana was also proud to recently launch our very own IPhone App! You can download the app at no cost https://itunes.apple.com/us/app/hawaii-real-estate-app/id575072360.

Bob, Donna and Clint Hansen combined for over 70 successul real estate transactions in just the past year. Our success is due to a number of factors: reputation for integrity and a long history of solid performance, island wide knowledge and experience, our multigenerational family approach, extensive experience with International clientele and large referral base of satisfied clientele and industry professionals in addition to our strong internet presence. We represent a wide spectrum of clients and have the experience and contacts for almost any Maui property search.

For more information on the report from the National Association of Reatlors you can review and download the entire report here: http://www.realtor.org/reports/digital-house-hunt. We look forward to continued success and growth and working with both both new and returning clients in 2013! If you or someone you know is considering buying or selling property here on Maui please contact us at 1-800-291-5535 for a confidential consultation. We also have expert specialist available on all the Hawaiian Islands to assist those needing assistance with other Hawaiian Islands.

Double Digit Decrease In Listings For Sale

 

 

According to Inman News, almost every major market in the U.S. has posted double-digit decreases in listings for sale.

With the decreasing inventory, buyers are getting more frustrated with what’s available.  According to a recent survey by Redfin, 7 out of 10 homebuyers surveyed reported that they’ve faced competition on at least one of their offers recently, but 31 % say they would back off when faced with a multiple offer situation.

Our recommendation is that if you are interested in a property that is priced right, make your highest and best offer right away.  We see all too often when buyers come in at 80 % of what the property is worth, try to negotiate, and end up losing the property to another buyer that made a higher offer.

The inventory on Maui has also decreased in all districts.  See inventory report from August to September 2012.  The Central Maui and Kihei areas now only have 4 months of available inventory.

Maui Real Estate Statistics for June 2012

The June statistics from the Realtor’s Association of Maui (RAM) showed some very interesting developments. June’s Residential Sales rose to a 14 month high of 86 homes while Condo Sales rose to 120 Condo units sold. The Residential home median price rose dramatically to $575,500 (a 46-month high), while the Condo median price rose to $372,990. Land median price declined to $310,000.  To discuss a specific complex or region to the market in general please call or email The Hansens directly at 1-800-291-5535 or (808)280-2764.  Click here for the full report from RAM: http://www.ramaui.com/UserFiles/File/Stats/All-June2012.pdf