Tag Archives: mauirealestate.net

Statewide Buyer Stats For September

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Canadians were the number one foreign purchasers of property on Maui from January 2014 to June 2014 with over $53 million.  Japan was second with over $6 million.  Within the United States, Hawaii ranked number one with purchases of over $285 million.  California was not too far behind ranked second with over $194 million.

South side of Maui had the highest number of transactions, with 368.  West side came in second with number of transactions but first in transaction amounts with over $297 million.

With an increase in travelers visiting the islands, there is an expected increase in home sales. West coast states as well as foreign buyers from Canada and Japan are the likely property buyers.  You can view more information on Buyer Stats courtesy of Title Guaranty here.  If you or anyone you know is looking to sell or purchase property on the islands, contact the Hansen Ohana today!

311 Door of Faith Rd.

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Exceptional North Shores OCEANFRONT Estate. Five permitted structures on two acres of land including 200 feet of ocean frontage in a very peaceful and private setting. The incredible ocean and cliff views and radiant surroundings are sensory delights!

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Imagine watching whales and dolphins play in Waipio Bay without leaving your own back yard. Even better – experience the thrill from one of three cliff side hot tubs! The landscaping is mature and lush with a wide variety of tall exotic palms, fruit trees (limes, lemons, oranges, grapefruit, papayas, bananas, lychee, starfruit, macadamia nuts, mangoes and more), bountiful organic veggie gardens and a beautiful screen house. Relax and rejuvenate in the breathtaking surroundings or refresh in your in-ground pool with waterfall.

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This dream property with a 4 bedroom main house, a 2 bedroom guest house, and a studio cottage ~ all built to focus on the dynamic ocean views ~ could be ideal as a family compound or retreat. There’s also a spacious studio above the 4 car garage and an additional studio garden cottage. Your very own Garden of Eden awaits ~ approximately 20 minutes drive from Paia or 30 minutes from the airport. Compare the Oceanfront Huelo Point Estate to other oceanfront properties and experience this incredible property and value for yourself.  311 Door of Faith Road

July Stats 2014

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The current market has remained stable.  Well priced properties are receiving multiple offers.  Sellers are getting their properties appraised prior to listing to prevent escrow fallout should any unforeseen problems arise.

For sellers to compete in a competitive market,  pricing properties realistically and having creative terms (seller second loan, sale with lease back, etc.), may give a property an edge in the selling market.

Many buyers are still taking advantage of low interest rates.  Getting pre-appoved can help a buyer feel more at ease during the home buying process.  First-time homebuyers may want to attend a home buying workshop to help give them the confidence they need before making a purchase.

The Hansen Ohana strives to keep you up to date with the latest in real estate news and events.  You can view more regarding July stats via Realtors Association of Maui here.

South Maui Weather

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With storm Iselle upon us and Julio not far behind, many people are wonder how the weather is on Maui.  You can watch live stream of our South Maui weather via our live webcam here.  The webcam is positioned along Charley Young Beach in Kihei.  Use the webcam as a guide to view the most accurate Maui weather.

We wish for everyone on any of the Hawaiian Islands to be safe!

Summer 2014 Newsletter

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Maui Luxury Real Estate LLC ~ http://www.MauiRealEstate.NET ~ 808-879-3667

Aloha!

We have so much to share with you, each item is very exciting.  “U.S. NEWS & World Report” has named Maui as the best place to visit in the U.S. and the fourth best place in the world!  This is not news to most of us but is terrific for Maui to continue to be recognized.

More exciting news:  We opened our new office at The Wailea Town Center in Suite A-106 right next door to Matteo’s Osteria.  We are waiting for a few aerial maps for the walls but are open Monday through Saturday.  We also have expanded our business to include “Maui Luxury Real Estate, LLC”.  Please come visit us.

For an Economic Update, Bob and Clint attended a recent economic report by Paul Brewbaker at the State of Hawaii 100 Top Realtors meeting on Maui in June.  At that meeting Mr. Brewbaker reported that Maui should fare well in home price increases over the next several years.  He feels that prices should be in the 7% to 10% range until at least the early 2020’s.  As you recall we had unsustainable increases in prices in 2004, 2005 and 2006 which was over 20% per year.  That is what creates a bubble.  Our current increases in prices at 7% to 10% are sustainable at least for the short term.  This is especially true for Maui as the demand for new housing is estimated at over 850 units per year (not even including mainland and foreign buyers) but there are estimated to be only about 350 permits issued per year.

With the projected increases in interest rates and the small increases in rates recently, it should spur some buyers who have been sitting on the sidelines.  For a complete detailed report here is a link http://www.ramaui.com/UserFiles/File/Stats/All-June2014.pdf

Paul Brewbaker’s idea on a way to increase affordable housing is to encourage developers and anyone to go ahead and build as many homes as possible at or below the median sales price which is currently at $575,000.  The current County rules on affordable housing are causing less affordable housing not more.  The County currently wants developers to provide 50% of any subdivision to be (in their definition) of what is affordable which is even lower than it should be.  All this does is to push developers to pass on building on Maui and build where there are way less restrictions.

So what does all of this do?  Due to decreasing supply and increasing demand prices will more than likely increase.

UPDATES ON NEW PROJECTS:

GROCERY STORE AT THE SHOPS:  The Island Country Market on the north side of the Shops is well under construction.  What a wonderful convenience that will be to all of us!

THE WAILEA BLUE CLUBHOUSE: Construction has begun on expanding the clubhouse next to Manolis.  The opening date is currently scheduled for October.

THE MONTAGE in Kapalua now has units available for sale starting at $1.9 to $8 million.  We have floor plans and pricing information available at our office or by email.  Interest has been strong and units are already under contract.

HONUA KAI in Ka’anapali continues to be extremely popular with very little developer inventory remaining.  We have represented 3 buyers in Honua Kai this year and would love the opportunity to represent you or someone you know who might be considering buying or selling.  We have extensive island wide contacts and experience and are always on the lookout for great opportunities for our clients.

FOR INFORMATION ON UPCOMING PROJECTS:  Email dad@MauiRealEstate.net or call us!

Our success is dependent on the loyalty of our friends and clients.  We are here to assist you with all your real estate needs and are available as your market resource, so please feel free to call us.  We always appreciate your referrals and hope to see you at our office soon!

Enjoy the remaining days of summer!

Donna, Bob and Clint

Bob Hansen, Owner and Principal Broker
Donna D. Hansen, Realtor (S)
Clint Hansen, Realtor (S)

 

Maui Luxury Real Estate, LLC

161 Wailea Ike Place, Wailea Town Center Suite A-106

Office 808.879-3667   |   Fax 808.442.0945   | http://www.MauiRealEstate.NET