Tag Archives: Hawaii

Real Estate Update

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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

Happy Monday

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Up bright and early to enjoy this sunrise view in Wailea! We wish everyone a wonderful week!

New High School In Kihei

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The new high school in Kihei is scheduled to hopefully open for the 2021-2022 school year. The new school is being built on 77 acres at the intersection of Piilani Highway and Kulanihakoi Street. This school will be the first to have to drill wells for drinking water.

Once all the roads, plumbing, and grading have been completed construction of the school building can begin. To date, 5 bids have been submitted with rather large gaps between the highest and lowest bid. Expected to be built first are classrooms, a library, cafeteria, administration building, P.E. room, parking, and sports court and field. Upon completion, the school is expected to open to the freshmen class first and phase each class in thereafter.

We will keep you updated on any new developments that may arise throughout the construction.

Open This Saturday!

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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!

Brackets Up For Maui Jim Maui Invitational!

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Brackets were revealed yesterday for the November 19th through November 21st 35th annual Maui Jim Maui Invitational tournament. Games are played at the Lahaina Civic Center. Many coaches feel this tournament sets the tone for the season. All games are expected to be televised on various ESPN networks.

This years teams are considered possibly the hardest competition yet. They include Arizona, Auburn, Duke, Gonzaga, Illinois, Iowa State, San Diego State, and Xavier. Those teams that have participated in past Maui Jim Invitationals have gone on to win 67 of the 78 NCAA Division 1 Basketball Championships.

Tickets are expected to go on sale August 8th. For more information on the tournament including tickets and brackets, visit the Maui Invitational webpage here.