Real Estate Update

We thought a short update on Maui and the Real Estate market would be of interest to you.

If you look at sales data you will see prices are steadily and solidly increasing at a modest rate over the last 3+ years.  Island wide all properties are valued at $610,000 which is a 6.1% yearly increase.  Single family homes are valued at $674,885 which is a 3% yearly increase.  Condos are valued at $468,000 which is a 7.6% yearly increase.  Keep in mind that this is an average and that different areas may be more or less than this average.  The bottom line for Maui is that there does not seem to be a bubble in prices like other areas on the Mainland.  Time will tell.  Check on the complete Maui statistics at https://www.mauirealestate.net/real_estate_stats.html

Properly pricing a property for sale is essential!  Although there are a lot of factors that can affect days on market, properties that have been on the market for more than 6 months may want to consider a change in their pricing strategy.  Overpriced properties are sitting and can seem “stale” even when a price reduction is done. 

Have you heard?  The first phase of construction has begun on the new Kihei High School!  South Maui’s future high school is scheduled to open for the 2021-2022 school year.  A track and outdoor basketball and tennis courts will be part of the new campus.

Considering West Maui or popular Ka’anapali?  We are very excited about the newest project underway. It is called Luana Garden Villas which is part of the Honua Kai Resort.  Luana Garden is composed of 72 large three bedroom, three bathroom villas.  The Honua Kai property has a reputation for good rental history and fabulous pools, grounds and of course, the famous Dukes restaurant.  The Villas run from $1.9 to $2.4 million.  Building 1 has started going vertical, work on building 2 is well underway and prep for pouring slabs on buildings 3, 4 and 5 has also begun.  Call us for more info.

Please give us a call for updates in your specific area.  We are here to help.  Here are our numbers.

Clint Hansen 808-280-2764

Donna Hansen 808-280-1650

Bob Hansen 808-283-9456

Maui Luxury Real Estate LLC

The Hansen Ohana

dad@mauirealestate.net

Open Homes This Weekend!

Open This Weekend Friday, Saturday, and Sunday August 10th, 11th, and 12th 1:00 pm to 5:00 pm 370 Kai Malu~Wailea

Stunning townhome with many upgrades to complete your Hawaiian Retreat. This 3 bedroom 2.5 bath Wailea jewel is tucked away on a quiet cul-de-sac location in the loved Kai Malu community in close proximity to all resort activities, shopping and dining. The main level lanai allows for easy entertainment on it’s extended travertine lanai with wet bar and Jenn Air upgraded BBQ. The great room enjoys the open floor plan with dining area and well equipped kitchen. There is a third bedroom presently used as an office downstairs plus a half bath. Upstairs the ensuite master opens through new sliding glass doors to an ocean view lanai. Ocean views are also enjoyed from the bed. The master bathroom has an incredible soaking tub, double sinks, separate shower, rare ceiling fan and the addition of overhead lighting in the closets. The second bedroom with traditional window seat with custom cushion and the second bath are located at the other wing of the townhome. There is a tub in the second bathroom. Additional interior upgrades include gorgeous floors, pull-outs in the kitchen and master bath cupboards, upgraded light fixtures and ceiling fans throughout, California shutters on upper level, and a custom finished garage floor which helps minimize dust. The garage has access via a direct private driveway allowing more space for parking for 2 additional vehicles. Community amenities include an infinity edge pool and hot tub with awe-inspiring ocean views, kitchen cabana with BBQ grill, steam room, sauna, fitness center and library. Gated entrance at 6pm every evening and weekends.

Open Today, Friday August 10th from 9:30 am to 1:30 pm Kamaole One~Unit 12

RARELY AVAILABLE, TRUE BEACHFRONT 2 bedroom, 2 bathroom remodeled condo with breathtaking OCEAN VIEWS on popular Charley Young Beach. If you are looking to enjoy the tranquility of the lapping waves without the hustle and bustle of a large complex or resort hotel – look no further. Kamaole One is a boutique, vacation rentable complex with only 12 units and covered parking. This second floor,corner unit has no units above it and is mere steps to having your toes in the sand and enjoying a great day at the beach in Maui! Pride of ownership is evident throughout this lovingly maintained, beautifully remodeled and highly sought after unit. Available to show on short notice when not occupied by the many repeat guests who enjoy this fantastic condo with phenomenal ocean views. Kamaole One unit 12 is offered fully furnished – all you have to do is bring your toothbrush!

Open Homes Today Friday August 3rd

The Hansen Ohana proudly presents three properties available to view today, Friday August 3rd.

Open Today from 8:00 am to 1:00 pm Grand Champions Unit 143

Rare 3 bedroom, 2 bath ocean an golf course view turn key vacation rentable gem. All Wailea amenities apply. Come view it! Rarely available!

Open Today from 1:00 pm to 5:00 pm Wailea Fairway Villa T-103

Wailea Ocean View Condo overlooking golf course views to ocean sunsets. 2 bedroom, 2 bath and just moments to pool spa and fitness center. Partially furnished. Easy to view!

Open Today from 1:00 pm to 4:00 pm Wailea Steal! 370 Kai Malu Wailea Townhouse

Gorgeous 3 bedroom, 2 bath with extended lanai and wetbar. Pool, spa, gym, sauna, and steam rooms!

Kihei Garden Estates A202

Sought-after two bedroom two bath Kihei Garden Estates fully furnished vacation rental. Great condition, updated kitchen, storage and just steps to the beach and shopping. Nice pool and spa tub. Priced to sell. See slide show and 3D matterport for your private tour.

Open This Saturday!

Open Saturday, July 28th from 3:00 pm to 6:00 pm and available to show on Sunday, July 29th!

2230 S. Kihei Rd. Kamaole #12

Beach Front Getaway! Fabulous 2 bedroom, 2 bathroom vacation rentable condo! Vaulted ceilings and updates galore! Top resort locale! Walk to shopping and great restaurants!