Events Week Of March 5th

Week of March 5, 2023

Whale Count

Volunteers from the Hawaiian Islands Humpback Whale National Marine Sanctuary Ocean Count and Pacific Whale Foundation’s Great Whale Count recorded 997 whale sightings on four Hawaiian islands on Saturday. During the day’s count, a total of 596 whales were spotted on Maui, 232 on Oahu, 105 on Hawaii island, and 64 on Kauai. Three times a year, during the height of whale season, the counts are conducted.

View the article via Maui News here.

Events Coming Up

Traffic Light Moving Forward

The corner of Okolani and Piilani will finally be getting a traffic light. Okolani Drive will close first to Piilani Northbound and Southbound traffic. That will be Phase 1. Phase 2 Mikioi Place will close for Southbound and Northbound access. The project is estimated to take approximately 3 months. Work is scheduled to begin on February 27th.

Housing Market Update

In Maui County, the typical sales price for a single-family home in January 2023 was $1.16 million, slightly more than in December 2022, according to a report by the Realtors Association of Maui. Condominium sales in January averaged $657,500, which was the lowest level in the previous year. Also, there were much fewer closed transactions and new listings than there were a year earlier. The paper points out that as sales slow, time on the market rises, giving buyers more negotiating leverage. According to reports, the US home market is in the process of rebalancing, with many buyers and sellers exercising caution as they wait to see where the market is going.

Read the entire article via the Maui News here.