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 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.
Repairs are underway on South Kihei Road old culvert bridge. The hope is to stop erosion and stabilize the area. The completion deadline is set for the end of January. Read more on the project via Maui News here.
Since I am a coffee-holic the richness of a good coffee without bitterness makes the world of difference to me, especially that first morning cup! So far in my search I have found Maui Coffee Roasters to be the best. We were fortunate enough to meet Seymour when we were looking into growing our own coffee beans to enjoy. He was an incredible man.
Congratulations to Olinda Organic Farms for winning Best Overall Coffee out of 107 entries at the Maui Seed to Cup coffee festival. The festival took place at the Maui Plantation Farm. Maui coffee is a vibrant high demand industry, but with the high cost of real estate many farmers are worried. As read in the Maui News, Act 116 will help MauiGrown Coffee expand with special bonds to help cultivate up to 1,00o acres of land.
Read more about the growth of the Maui coffee industry via the Maui News here.
A budget for the Maui County hospitals to be run by Kaiser Permanente was agreed upon by legislative officials on Monday. The $33.4 million budget would include improvement and expansion plans as well.
The final total figure has not been agreed upon, but the two-year budget is expect to run from July 1, 2017 to June 30, 2019. Lawmakers could go to vote as early as tomorrow on budget bills.
Other budget items that may be voted on include $3.7 million for the Paia bypass design, $103 million for Kahului Airport improvements, $9.3 million for Kaanapali Beach restoration, $2 million to replace the gym floor and make band room expansions at Maui High School, and many others! All budget worksheet details are available in the Office of Executive Judiciary and Office of Hawaiian Affairs.
To view this article in it’s entirety visit Maui News here.