On Hawaii News Now this morning you can buy a home in Sardinia Italy for about $1 US currency. City is dying and in need of revitalization. Some restrictions and conditions apply!
Tag Archives: economy
Low Inventory Increases Home Pricing
Maui home prices have increased 8.8% in the last year and condominium prices rose 7.2% for 2016. These market increases are due to low inventory. Most housing markets across the nation have shown an increase in the median price.
Once listings hit the market, houses and condos were selling at a faster pace than in 2016. Days on the market for homes was down 8.4 % and for condos down 3.8%. Kihei accounted for 40% of the condos sold in 2016.
New housing projects to look for in Kihei by Alexander & Baldwin’s Kamalani. The first phase of this new development will be releasing 170 units.
Feel free to contact the Hansen Ohana for all your real estate needs! To read more on the market trends for Maui, visit the Maui News website here.
Hawaiian Airlines Adding More Flights
Hawaiian Airlines is looking to add more flights to Kapalua due to high demand. More residents are taking flights from Kapalua to Oahu. These flights previously were considered to be taken only by visitors. Hawaiian Airlines will also be looking at doing direct flights to Las Vegas and also to Long Beach.
To read more information on the changes with Hawaiian Airlines here via Maui News.
November Stats
Thank you to our friends at Old Republic Title for providing these cool graphic breakdowns for Maui Real Estate for the past year. Provided are the statistics for single family homes, condominiums, and land sales. Big jump in the median pricing for condominiums, a slight increase for median home prices, and slight decrease for land pricing. You can use these graphics as a guide for following the Maui market trends.
Unemployment News
The Island of Maui now has a 1.9 unemployment rate. If you include the Islands of Lanai and Molokai the unemployment rate adjusts upward.
Hawaii Real Estate Blog 
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