Spring Newsletter

Aloha All,

We thought it was time again for a little update of real estate statistics and happenings on Maui.

Many regions of the US Mainland continue to experience a slow-down although the majority of areas are also seeing modest increases in prices.  The vast majority of economists continue to predict that the market will continue to steadily increase, but at a much more sustainable pace (3% or so).  The really good news is that the FED’s have indicated that there will be no interest rate increases from them for the rest of the year.

Inventory on Maui is still shrinking, and the “Median” Sales Prices increased 4.8% to $712,718 for homes, and increased 13% to $524,500 for condominiums.  On the other hand, the “Average” sales prices for homes decreased 11.1% to $1,001,880 and the average sales price for condos decreased .03% to $693,952.  Less inventory could mean upward pressure on prices in the long run. The reason for this disparity may be found in people more willing to purchase in the lower price ranges.

Luana Garden Villas at Honua Kai pre-sales continue to be strong – over 85% are now under contract.  Kalama Kai in Kihei has broken ground and vertical well building is under way.  D.R. Horton is currently offering new construction homes in Wailuku with some interesting incentives.  They are 2 story, with 3 or 4 bedrooms and priced between $667K-$721K.  We have some exciting listings in Wailea, Kapalua, Kahului, Kihei, Pukalani and Haiku ~ homes, condos and vacant land.  Just to mention a few locations: Wailea’s Best Villa with full garage, a large 4,100 square foot ocean view custom Wailea  home, a totally remodeled ocean view Maui Meadows home with cottage, plus so many more all over the Island.  Be sure to check all the featured listings on our website www.MauiRealEstate.net

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

Clint Hansen, R(B) 808-280-2764

Donna Hansen, R(S) 808-280-1650

Bob Hansen, R(PB)  808-283-9456

The Hansen Ohana

Maui Luxury Real Estate LLC

dad@mauirealestate.net

Open Today And Available To View!

Open Today, Friday April 12th, From 9:00 am to 12:00 pm

1786 Halama

Prime Oceanfront Location! 3 bedroom beach house and detached 2 bedroom cottage with a 400+ square foot storage room offer a variety of living options. Owned PV and solar hot water systems add to the incredible value of this property.

Open Today, Friday April 12th, From 1:00 pm to 4:00 pm

370 Kai Malu

From Piilani turn down Okolani then take first left turn. Wailea’s Super Special! Located at the end of a cul-de-sac lies a well maintained and upgraded three bedroom, two and one-half bath townhouse with furnishings. Great room opens to extended lanai with wet bar and beautiful sprawling lawns. Ocean views from the Master bedroom and balcony.

Available See All Weekend By Appointment!

Wailea Kai

Gorgeous oceanview home ideally located in Wailea Kai – close to Keawakapu Beach! This palatial residence with 4 bedrooms beautifully incorporates the flow of the home into one of the largest yards with secluded pool in the neighborhood!

Open Today, Friday March 29th

Open Today, Friday March 29th, From 9:00 am to 11:00 am

1786 Halama

Prime Oceanfront Location! 3 bedroom beach house and detached 2 bedroom cottage with a 400+ square foot storage room offer a variety of living options. Owned PV and solar hot water systems add to the incredible value of this property.

Open Today, Friday March 29th, From 1:00 pm to 4:00 pm

370 Kai Malu

From Piilani turn down Okolani then take first left turn. Wailea’s Best Value! Located at the end of a cul-de-sac lies a well maintained and upgraded three bedroom, two and one-half bath townhouse with furnishings. Great room opens to extended lanai with wet bar and beautiful sprawling lawns.

Open Homes Today!

Open Today, Friday March 22nd, From 9:00 am to 11:00 am

1786 Halama

Prime Oceanfront Location! 3 bedroom beach house and detached 2 bedroom cottage with a 400+ square foot storage room offer a variety of living options. Owned PV and solar hot water systems add to the incredible value of this property.

Open Today, Friday March 22nd, From 1:00 pm to 4:00 pm

370 Kai Malu

From Piilani turn down Okolani then take first left turn. Wailea’s Best Value! Located at the end of a cul-de-sac lies a well maintained and upgraded three bedroom, two and one-half bath townhouse with furnishings. Great room opens to extended lanai with wet bar and beautiful sprawling lawns.

Open Today, Friday March 22nd, From 2:30 pm to 5:00 pm

44 E. Makahehi

New Listing! Fabulous 4 bedroom, 2.5 bath upgraded home in sought after Legends at Maui Lani with 32 owned voltaic panels! Convenient location close to shopping, dining, parks, golf and so many amenities!

Prices Rise As Inventory Declines

Median prices for both homes and condominiums rose for the month of February while inventory and sales declined. Median home prices increased 15.4%  to $790,000 and median condo prices rose 11.8 percent to $524,500. These stats were released by Realtors Association of Maui.

Closed sales for February homes were down 19.4% to 79 homes. Closed condo sales were down 3.2% to 120. Kihei was the city with the most homes sold, with Wailuku and Kahului close behind. Closed condo sales also saw Kihei with the most units sold with Napili/Kahana/Honokowai and Wailuku next.

Maui’s market was on trend with the rest of the nation showing a decrease in closed sales. Potential homeowners will likely take advantage the remainder of the year with interest rates being more stable then 2018’s unreliable changing rates.

As always, contact the Hansen Ohana with any and all of your real estate needs!