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Timely Maui News

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Aloha All,

Happy October,

To our Canadian newsletter recipients, Happy Thanksgiving today, October 13th.  

Also, please SAVE THE DATE December 6th for our annual Hansen Ohana Children’s Fundraiser.  More information  will follow next month.

 We are following Maui County Council’s “Bill 9” a potentially disastrous idea of eliminating the property rights of around 6,500 properties and property owners since before 1989.  These owners are currently able to vacation rent their properties.  Many vacationers are not able to pay the hotel rate many around $1,000 or more. Families also like avoid eating in restaurants the entire time they are on holiday. They come here with their young families or retirees to enjoy Maui for a few days and spend money which is the life blood of Maui.

Today, October 14th, there is an important meeting where The Temporary Investigative Group (TIG) for Bill 9 will be presenting their report to the Housing and Land Use Committee. The findings have not yet been released and will be shared publicly for the first time at this meeting. 

Location: Kalana O Maui Building, 8th Floor; 200 S. High Street, Wailuku, Maui, HI 96793

🔗 Agenda

🔗 Testify

Options for watching:
Teams Link: http://tinyurl.com/HLU-Committee 

Maui County Council YouTube

Maui County Council Facebook

This will create another opportunity for public comments. To make your voices heard here are the emails of all the council members.  

Alice.Lee@mauicounty.us, Council Chair

Yukilei.Sugimura@mauicounty.us, Council Vice-Chair

Tasha.Kama@mauicounty.us, Council Presiding Officer Pro Tempore

Thomas.Cook@mauicounty.us, Councilmember

Gabe.Johnson@mauicounty.us, Councilmember

Tamara.Paltin@mauicounty.us, Councilmember

Keani.Rawlins@mauicounty.us, Councilmember

Shane.Sinenci@mauicounty.us, Councilmember

Nohe.Uu-Hodgins@mauicounty.us, Councilmember

Let them know what you think.  A survey of Maui Citizens was completed over a month ago and over 80% are against it, however when the Council’s Land Use Committee was in session the room was packed with mostly people who wanted to pass Bill 9.  Make your voices heard.

***Please note that we realize many may not be able to attend or view the meeting.  We will be sending a report within two (2) days after the meeting adjourns.  Note sometimes the meetings run more than one day.

In other news

Median Sales Price decreased 9.5% to $1,292,500 for Single Family homes and decreased 33.8% to $655,000 for Condominium homes. Months’ Supply of Inventory increased 38.6% for Single Family homes and 38.3% for Condominium homes.  Due to the uncertainty of vacation rentals most Buyers are waiting on the sideline.  There has been a lot of talk about foreign buyers seeing opportunities in real estate and acting on it.

We are presently marketing beautiful ocean view properties, beach front units plus gorgeous homes from many locations throughout Maui and Oahu.   We are available to assist you as you move forward in any direction or just simply have concerns you wish to discuss with us.  We can also give you valuable information regarding 1031 exchanges on your vacation properties and investment properties.  Recent exchange options include Delaware Statutory Trusts (DST) which offer worry free investments.  Just ask us for further information.  We offer multigenerational experience and opinions.

Also keep informed with our blog where local information and statistics are posted: https://blog.mauirealestate.net/

If you would like a copy of our newsletter to share let us know at dad@mauirealestate.net

Bob Hansen PB R(B)               Clint Hansen BIC R(B)                  Donna D. Hansen R(S)                                                                                                       808-283-9456                              808-280-2764                                808-280-1650                                                                             RB-17532                                                  RB-21616                                        RS-49765

 MAUI LUXURY REAL ESTATE LLC, The Hansen Ohana ~ Maui’s Real Estate Family over 30 year

                                                                                 MauiRealEstate.net

July Newsletter

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 Aloha All, 

As of the month of July we now begin the new Fiscal Year for the County of Maui. The County has issued their new property tax rates which we can email to you upon request. As you might imagine the tax rates and assessed values have increased. Contact us at dad@mauirealestate.net for more information. 

Median Sales Price for Maui since the first of the year for single family homes have increased slightly from $1,275,000 to $1,295,000. Due to the Mayor and County Council attempt to remove vacation rental property rights (approved since 1989) for 6,000 condominiums, median prices have fallen from $865,000 to $739.000. Months’ Supply of Inventory increased 42.1 percent for Single Family homes and 57.6 percent for Condominium homes. More supply generally means lower prices. We want to provide you with a brief update regarding Maui County Bill 9, the proposed legislation to phase out apartment-zoned short-term rentals. On July 24, 2025, the Housing & Land Use Committee (which includes all nine Maui County Council members), voted 6–3 in favor of advancing Bill 9. 

Please note: This was a committee-level vote only, and not a final vote by the full Maui County Council. 

What is Next 

• The bill will now move forward to the full Maui County Council for further consideration. 

• Additional amendments, debate, and a final vote will take place before the bill can be passed into law. 

• If approved by the Council, the bill will be sent to the Mayor for signature. 

This committee vote serves as a recommendation, not a final decision. The full Council still has an opportunity to make changes or vote against the bill during upcoming readings. This is the time to let your feelings be known to the members of the Maui County Council. If you would like the email address of all the Maui County Council members just ask. dad@mauirealestate.net 

To View the past two important Discussion View at: 

• Watch the July 23 session on YouTube 

• Watch the July 24 session on YouTube 

Upon watching these sessions you will notice that a majority of the Council Members do not understand economics or real estate in general. Mayor Bissen and some of the Council Members have stated that they would like the values of properties to plumet. Really? 

We understand the current situations as described above are very disconcerting to many Maui Property owners and others who are hoping for insight into what to expect or how to 

resolve personal situations whether buying, selling, investing, or simply getting advice. We are here for you and available. In the next few weeks we will be sending short updates. 

We are presently marketing beautiful ocean view properties, beach front units plus gorgeous homes from many locations throughout Maui and Oahu. We are available to assist you as you move forward in any direction or just simply have concerns you wish to discuss with us. We can also give you valuable information regarding 1031 exchanges on your vacation properties and investment properties. Recent exchange options include Delaware Statutory Trusts (DST) which offer worry free investments. Just ask us for further information. We offer multigenerational experience and opinions. 

Also keep informed with our blog where local information and statistics are posted: https://blog.mauirealestate.net/ 

Enjoy our informative radio/blog programs: https://www.youtube.com/channel/UChcOyThjgwJgO5fV72YQVtg 

If you would like a copy of our newsletter to share let us know at dad@mauirealestate.net 

MAUI LUXURY REAL ESTATE LLC, The Hansen Ohana ~ Maui’s Real Estate Family over 30 years 

Spring Newsletter

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 Aloha All, 

Well into March with Spring just beginning, we find our real estate market extremely busy. More properties entering the market are selling. Due to Maui’s Mayor Bissen’s issues of zoning and vacation rental ability, we find condos leading in volume of sales. Statistics for March to follow in paragraph three of this email. 

We feel it is important to note that many of the population from Maui and various other locations are examining their property portfolios requesting our advice as they consider how to move forward with their investments and personal residences in the best manner. People wonder about what options are available in order to secure and support their investments and potentially minimize capital gain taxes and increase values. It is important to understand there are some new IRS rules coming up regarding 1031 exchanges. The rules involve trading any income property into other tax-deferred properties including “Absolute Tripple Net” real estate investments and a DST (Delaware Statutory Trust) where after a few years you may be able to use some of that investment as tax free cash. Check with your tax professional for details. Contact us for questions or referrals if you need exchange and tax specialists as well as knowledgeable real estate agents in other areas. 

Reviewing February 2025, U.S. existing-home sales fell 4.9% from the previous month to an annual rate of 4.08 million units, marking the first decline since September, though sales remained 2% higher than a year ago, according to the National Association of REALTORS® (NAR). On Maui, Single-family home listings rose 4.3%, while condo listings dropped 7.8%. Pending sales fell 11.3% for single-family homes and 38.7% for condos, while inventory surged 58% and 97.9%, respectively. Median prices climbed 9.7% to $1,395,319 for single-family homes and 27.7% to $945,000 for condos. Days on the market fell 3.1% for single-family homes but jumped 85.9% for condos, with months of supply rising 71.4% and 167.3% for single-family homes and condos, respectively. Nationally, the median home price rose 4.8% to $396,900, with total inventory at 1.18 million units — up 3.5% from the previous month and 16.8% year-over-year, providing a 3.5-month supply. 

From UHERO (The Economic Research Organization at the University of Hawaii) 

“Hawaii tourism, which had flattened last year, will show modest improvement in 2025, as visitor arrivals will expand nearly 3%. U.S. mainland travel will strengthen, aided by federal tax cuts, but international markets may suffer from trade tensions and a stronger dollar. Tourism revenue will be constrained by stagnant per-person spending. 

Maui’s recovery continues to face challenges. Visitor numbers remain subdued, with occupancy rates at historic lows and labor force participation constrained by post-fire disruptions and outmigration. Maui has regained more than half of the jobs lost to the wildfires, but employment remains below pre-fire levels. 

There’s a lot going on that you may want additional information about. 

Please contact us if you would like to know about the Wailea Community Association’s Annual Meeting, Mayor Bissen’s County Annual Presentation, Mayor Bissen’s recent South Maui presentation, Mayor Bissen’s Vacation Rental Plans for future rental use, etc. Please either email us at dad@mauirealestate.net or call at one of the numbers below. 

We are presently marketing beautiful ocean view properties, beach front units plus gorgeous homes from many locations throughout Maui and Oahu. We are available to assist you as you move forward in any direction or just simply have concerns you wish to discuss with us. We offer multigenerational experience and opinions. 

Also keep informed with our blog where local information and statistics are posted: 

https://blog.mauirealestate.net/

Enjoy our informative radio program: https://www.youtube.com/channel/UChcOyThjgwJgO5fV72YQVtg 

If you would like a copy of our newsletter to share let us know at dad@mauirealestate.net 

Bob Hansen PB R(B) 808-283-9456, RB-17532

Clint Hansen BIC R(B) 808-280-2764, RB-21616

Donna D. Hansen R(S) 808-280-1650, RS-49765

MAUI LUXURY REAL ESTATE LLC, The Hansen Ohana ~ Maui’s Real Estate Family over 30 years 

Maui Update

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Maui Luxury Real Estate LLC ~ The Hansen Ohana. ~ Maui Update

Aloha All, 

We have all been watching the Stock Market and interest rates jump around and heard many discussions of what to expect. This being an election year makes things even a little more unreliable. Happily, we can report that Maui is working towards rebuilding and all the support we have received from many sources has been very helpful. Looking to the latest end of month data, March 2024, U.S. existing-home sales saw a notable improvement, rising 9.5% to a seasonally adjusted annual rate of 4.38 million units, surpassing economists’ expectations. This surge, reported by the National Association of REALTORS® (NAR), marked the largest monthly gain in a year, reflecting strong buyer demand heading into the spring selling season despite fluctuating mortgage rates and elevated sales prices. Check out our popular well informed website for all the details. https://www.mauirealestate.net

Key highlights:

  • New listings rose significantly, with Single Family homes up by 19.8% and Condominium homes by 46.5%.
  • Pending sales, however, decreased by 4.3% for Single Family homes and 1.1% for Condominium homes.
  • Inventory levels remained flat for Single Family homes but increased sharply by 105.5% for Condominium properties.
  • Median sales prices surged, with Single Family homes up by 9.5% to $1,303,692 and Condominium homes by 62.9% to $1,300,000.
  • Days on Market increased for Single Family homes but decreased notably for Condominium homes.
  • Months Supply of Inventory increased for both Single Family and Condominium homes, with a particularly steep rise for the latter.

The recent spike in home sales can be attributed to a drop in mortgage rates in December and a broader increase in housing supply across the nation. NAR reported a 5.9% month-over-month and 10.3% year-over-year growth in total inventory, resulting in a 2.9 months’ supply at the current sales pace. Despite this increase in inventory, buyer demand remains strong, contributing to a 5.7% year-over-year rise in the median existing-home sales price to $384,500, marking the eighth consecutive month of annual price increases.

This past year has been very challenging. Between the economic issues and the traumatic fires things have been challenging. As we clearly know, the endeavor to rebuild Lahaina Town and the other fire-affected areas will extend over many years and demand substantial dedication and assistance. Maui’s community has been banding together to help each other. It truly shows our “aloha” spirit. Please keep in mind and share with others that Maui still possesses untouched regions where its tropical splendor thrives. Remember, MAUI IS OPEN FOR VISITORS AND BUSINESS. While these are challenging times, the enduring spirit of Aloha on Maui remains vibrant. For more details check our local information.  https://www.mauirealestate.net/real_estate_stats.html

Many clients have asked us to offer long term property management. We listened and now offer Aloha Rental Management. Feel free to email us at dad@MauiRealEstate.NET or call us at 808-280-1650.

Confused about the Real Estate Industry Lawsuits and potential new regulations the news media has reported? Much of what you have heard is not accurate. If you would like to understand what it all means, call us and we will do our best to make sense of it all.

We are featuring some fabulous new listings:

Launiupoko Legacy property.  https://www.mauirealestate.net/mls-401396.html

Wailea Beach Villas condo/home.  https://www.mauirealestate.net/mls-401641.html

Hokulani Golf Villas home.  https://www.mauirealestate.net/mls-401089.htmlKeep informed with our blog where local information and statistics are posted:

https://blog.mauirealestate.net/

Enjoy our informative radio program: https://www.youtube.com/channel/UChcOyThjgwJgO5fV72YQVtg

If you would like a copy of our newsletter to share let us know at dad@mauirealestate.net.

Bob Hansen PB R(B) 808-283-9456 RB-17532

Clint Hansen BIC R(B) 808-280-2764 RB-21616

Donna D. Hansen R(S) 808-280-1650 RS-49765

MAUI LUXURY REAL ESTATE LLC

The Hansen Ohana ~ Maui’s Real Estate Family for over 30 years

May Newsletter

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  Maui Luxury Real Estate LLC ~ The Hansen Ohana ~ May 2022

Already in the middle of May, this month has proven to be very interesting. Although not like the past two plus years, Covid is no longer the main subject, the economy, real estate and the stock market are on most people’s minds.

Although we all know Covid is still lurking in the background, in the US it is usually not as severe as in the past. Our blog at https://blog.mauirealestate.net posts updates regarding all sorts of topics including Covid.

Maui’s Economy: We continue to attend many tax and economic webinars. So far our real estate market is stable due to the lack of inventory. We have noticed more numbers of properties coming on the market including a few REOs. Lower priced properties are hindered by the increase in interest rates making affordability more difficult for that sector of buyers. However, there are several new projects in the planning and building stages that focus on affordable homes.

Regarding real estate Maui has become one of the more sought-after places for those searching for a safe place with warm weather, beautiful beaches and magnificent sights. It is where so many have moved to escape to paradise.

Generally speaking, prices continue to increase, and inventory continues to stay somewhat low. Single family home prices have increased over the last year by 27.4% to a median price of $1,242,500 but the inventory of single-family homes decreased by 28.4%. Condominiums prices have increased 18.1% to a median sales price of $815,000 however the inventory of condominiums have decreased by 55%. It appears that inflation may be here to stay for a while. Interest rates are ticking up above 5% which changes the affordability rate. With inflation cutting deeply into the value of the US dollar and the Fed indicating that they will most likely raise interest rates three to four times in 2022, planning for your future should be at the top of your list. This could mean it is a great time to buy and a great time to sell. While many feel the hot market will end most economists believe that prices will continue to increase albeit at a slower pace. This means that buyers might strongly consider getting off the sidelines and buying now before prices and interest rates go up even further. The pandemic caused many who had been planning to move on but have held back so far. That may be starting to change. For more detailed statistics go to: https://www.mauirealestate.net/real_estate_stats.html

Remember to check out our blog for weekly events, news events as they become available https://blog.mauirealestate.net

Enjoy Maui Virtually!

Our Live Beach Webcam has sound so take time out of your busy life to enjoy the sounds of surf as well as wildlife by linking to https://www.mauirealestate.net/video.php?Size=Large

Wishing to virtually tour properties, open houses and 3D tours go to: www.MauiRealEstate.NET

Bob Hansen PB R(B) 17532  808-283-9456           

Clint Hansen BIC R(B) 21616  808-280-2764           

Donna D. Hansen R(S) 49765 808-280-1650 

MAUI LUXURY REAL ESTATE LLC

The Hansen Ohana ~ Maui’s Real Estate Family Tradition for over 30 years

Wailea Town Center Suite A-106 (next to Matteos)