The Hansen Ohana Newsletter January 2019

HANSEN OHANA NEWSLETTER

Happy New Year!

Thank you to all those who have contributed to The Hansen Ohana’s annual drive for deserving children on Maui.  This year we topped last years’ numbers by over 25%. That is the most money, toys and gift cards we have ever received and donated.  Mahalo nui to all for such a fantastic response.

We are in yet another high season  ~ busy time for real estate.  Here’s a quick update on the market.

By now we’ve probably all heard or read reports that many US markets are experiencing a slow-down.  Early to mid-last year Realtors were complaining that they wanted more inventory and stable prices.  Well, we have that now and some still complain.  The vast majority of economists predict that the market will continue to steadily increase, but at a much more sustainable pace (3% or so).  Many economists are calling it a “soft-landing”.

Inventory on Maui is still shrinking, but some price increases have moderated.  Island wide Single-family homes had a median price of $708,750 which is a moderate 3.4% yearly increase which is similar to the Mainland.  Condos had a median price at $493,500 which is a huge 21.1% yearly increase.  The reason for this disparity may be found in people more willing to purchase in the lower price ranges and the significant amount of closings in new developments like Kamalani in North Kihei or phases of existing developments like Kamani at Kehalani.  There are many indicators that Maui may soon be matching the more moderate 3% ish increases to match of the rest of the US.  Keep in mind that these are general figures and sales in certain price ranges and areas can vary significantly.  To discuss areas of most interest to you in more detail please call us any time.

Luana Garden Villas at Honua Kai pre-sales continue to be very strong – tomorrow morning the final 15 Villas are being released.  Kalama Kai in Kihei has broken ground and vertical building is well under way.  Demolition of the old Maui Prince Hotel in Makena continues along with construction of multiple new oceanfront Makena homes.  If you’ve been to Pukalani lately you’ve likely noticed that an increasing number of the lots in Kualono have also homes in various stages of construction as well.

Be sure to check out our current listings that include some fantastic land opportunities, a Kihei oceanfront home best buy opportunity, a beautiful Wailea home with a view easement and some exciting island wide home and condo options.  If you’ve been watching the market and don’t see quite what you are looking for or are considering selling please give us a call.  There can be opportunities available prior to hitting the open market.

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

Clint Hansen 808-280-2764

Donna Hansen 808-280-1650

Bob Hansen 808-283-9456

The Hansen Ohana

Maui Luxury Real Estate LLC

dad@mauirealestate.net

Available To See!

Open Sunday January 6th from 10:30 am- 3:30 pm 370 Kai Malu

Located at the end of the cul-de-sac! Wailea Value! Enjoy tranquility and great location! 3 bedroom/2.5 bath beauty.

Available to see Saturday January 5th and Sunday January 6th Kamaole One #12

True Beachfront! 2 bedroom/2 bath remodeled condo with breathtaking OCEAN VIEWS on popular Charley Young Beach. Boutique, vacation rentable complex with only 12 units and covered parking.

Available By Appointment! Ocean View Wailea Estate!

Available to view on short notice. Fabulous 4100 sq foot ocean view home with Chef’s kitchen, two incredible great rooms and two spacious master suites plus two additional bedrooms. Heated pool and spa. Owned photovoltaic solar system.

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!

Properties Available For Viewing

Open Today, Friday December 14th from 2:00 pm to 5:00 pm 370 Kai Malu

Located at the end of the cul-de-sac! Wailea Value! Enjoy tranquility and great location! 3 bedroom/2.5 bath beauty!

Available By Appointment! Wailea Ekolu Best Buy!

Beautifully appointed 2 bedroom/2 bath vacation rentable furnished jewel! Enjoy picturesque ocean views and all the Wailea Golf amenities and discounts. All five star reviews on VRBO!

Available By Appointment! Dynamic Ocean View Wailea Estate!

Available to view on short notice. Fabulous 4,100 sq foot ocean view home with Chef’s kitchen, two incredible great rooms, and two spacious master suites plus two additional bedrooms. Heated pool and spa. Owned photovoltaic solar system.

Available To View This Weekend!

Stop by one of our properties held open this weekend, or call to view a specific listing!

Open today from 1:00 pm to 5:00 pm Wailea Ekolu #805

Rarely available, fabulous ocean view vacation rentable condo in the heart of Wailea! Beautifully remodeled 2 bedroom/2 bath. Heavily rented!

Open Saturday and Sunday from 1:00 pm to 5:00 pm Walaka Maui #405

Fabulous ocean view! Beautiful upgrades! Walking distance to popular Charley Young Beach. YOUR OWN GARAGE! Rare 1 bedroom/2 bath condo at the top of Walaka. Low maintenance, pet friendly!

Call to view! Wailea Ekolu #1405

Beautifully appointed 2 bedroom/2 bath vacation rentable furnished jewel. Enjoy picturesque ocean views! All the Wailea Golf Amenities and discounts!

Call to View! 370 Kai Malu

Wailea Townhome steal! Nicely maintained 3 bedroom/2.5 bath condo in a quiet cul-de-sac overlooking greenbelt. Wet bar and large extended lanai for entertaining. Pool, spa, sauna, steam and fitness center!

Kihei Affordable Housing

The 118 Unit affordable housing project Kaiwahine Village was able to obtain financing. Hunt Capital Partners in partnership with Urban Housing Community LLC., will be the developers of the project.

The housing unit will be built in North Kihei for families earning 30 to 60 percent of the area median income for a family of four. The project is scheduled to provide both 2 and 3 bedroom units, centralized laundry facilities, a clubhouse, and courtyard. Non profit management will be partnered with Ikaika Ohana.

The goal is for the project to be completed in early 2020.