Tag Archives: economy

April Stats Are In

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Sales in April continue to be strong.  77 Residential homes were sold.  Condos had a significant jump in sales up 41% with 143 units sold.  Inventory continues to be low attracting multiple offers from buyers especially on well priced property.  Very low interest rates still prevail.  Experts suggest getting pre-approved to expedite the home buying process.  The entire report provided by the Maui Realtors Association is viewable here.  If you or anyone you know is looking to buy or sell property on the islands, don’t hesitate to contact the Hansen Ohana!

Hawaii Room Rates Highest in US Market

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Hawaii hotels took in the most revenue for the first quarter with $973.5 million thus far.  A new report done by Hospitality Advisors LLC and Smith Travel Research have Hawaii in the top spot among hot travel destinations such as New York and Florida.  If you factor in total hotel revenue (beverages, parking, etc.) the first quarter total jumps to $1.43 billion.  A 14.7 percent increase from 2012’s first quarter.  The Big Island saw the biggest jump in growth across the board for room rates and occupancy.

The demand, although likely to taper off, shows the strong growth of the current market.  The entire article is available to view here curtsey of Pacific Business News.  The Hansen Ohana strives to keep you up to date with the latest market new from throughout the islands!

Exciting New Updates To Our App!

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Good news!  Our very own Hawaii Real Estate App has undergone many upgrades and changes to make your searches even easier!  Here are some of the improvements that have been implemented:

*Maui Search will now allow you to search by MLS number.

*Maps View of found properties is no longer limited to the first ten properties.

*Added Map View option to the Big Island and Kauai.

*You can view TMK data or share listings via Twitter and Facebook without leaving the app.

*Request Info screen now shows correct keyboard and number pad.

*Dialogs have been improved.

*Major speed improvements and optimizations.

*Maui search now correctly finds attached and detached Ohana cottages.

*Big Island and Kauai properties now display listing agencies.

*Saved Searches in Watch List now link properly to saved searches for Big Island and Kauai.

*Improved searches for individual condos from the detailed search screens.

*Oahu search now counts amount of found listings.

*Search results screen the “Show More” button has been upgraded.

*Message on Info Request screen is now sent.

*Countless miscellaneous enhancements.

As always we strive to give our valued clients and friends the latest in technology to help them with any and all their real estate needs.  You can download our iPhone and Android app for free!

http://www.mauirealestate.net/appsupport.html

We value and appreciate all of your support!  Mahalo!

Hawaii Home-Price Increases For March

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Irvine based Corelogic has ranked Hawaii No. 5 highest for home appreciation for the month of March in comparison to the same month in 2012.  With an appreciation of 14.3 percent, Hawaii’s increase is almost 4% over the national average of 10.5 percent in March.  This increase trend which started in 2012 and has continued in 2013, is driving the market with the home buying trend.  You can read the entire article provided by Pacific Business News here  .  If  you or anyone you know is looking to buy or sell property, call the Hansen Ohana today!  We would be happy to assist you with all your real estate needs!

Strongest First Quarter In The Past 4 Years

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First Hawaiian Bank has some positive economic news to report.  This years quarter is the strongest we have seen in the past four years.  The bank conducts the Business Activity Report (BAR) on 16 different sales sectors.  Those sectors include autos, travel, and home improvement to name a few.  Sales of nearly $800 million were recorded, a record for any quarter to date, with all categories showing a positive gain for the first quarter.  Leading the gain was tourism posting a double digit increase from last year.  The entire article provided by mauinow.com can be viewed here.  With economy outlooks looking positive, now may be the time to consider buying real estate.  The Hansen Ohana, your full service real estate office, can  help you with any and all your real estate needs.  Contact us today!