Tag Archives: real estate

March Maui Update

Posted on by

 Aloha All, 

We find ourselves with the first quarter of 2026 already nearing its close. The year has unfolded with a distinct and compelling energy as we consider last year’s changes and what we will face this coming year. While every new year carries a sense of optimism, 2026 feels uniquely significant to many who welcomed the Chinese New Year referred to as The Year of the Fire Horse, an event that occurs only once every 60 years. This event is often associated with transformation where new opportunities begin to take shape for those ready to make changes. 

That energy is already unfolding. March, known for “coming in like a lion,” delivered exactly that on Maui, and the shifts extend beyond weather. Climate patterns have moved from El Niño into La Niña signaling a transition from drier conditions to a more tropical, dynamic environment. 

In real estate, these broader cycles often mirror market behavior. Change introduces movement and movement creates opportunity for some yet not for others. What we are seeing locally reflects exactly that, a market adjusting, recalibrating, and presenting new entry points for both buyers and sellers who are prepared to act strategically. 

One large change may be the South Maui Master Plan which is presently being considered by the Maui County Council. The full report is approximately 67 pages. We have the full report as well as an overview of it and if you would like us to email either to you, please let us know. Some big changes deal with the three Wailea Golf Course developments with changes regarding the land and tennis courts. This is the time to pay attention should it be of importance to you. 

If you own property on Maui, please note that the new property assessments have been published. Please be aware that if you wish to challenge your property’s assessment, you have very little time to complete the paperwork. Here’s the link: https://qpublic.schneidercorp.com/Application.aspx?AppID=1029&LayerID=21689&PageTypeID=2&PageID=9249&KeyValue=390040820058&fbclid=IwZnRzaAQkOyNleHRuA2FlbQIxMQBzcnRjBmFwcF9pZAo2NjI4NTY4Mzc5AAEeHJ069b-eMXdvEIFo58ycTXiUgT6RZWh-qhWlCWbesBJtQSbrYKlwmQZrdOY_aem_iXuFzUNMgrqyYxkrsZJk7A 

STATISTICS: 

On Maui, the numbers tell the story. New listings declined 20.0% for single-family homes and 7.6% for condominiums, while pending sales surged 22.8% for single-family homes and an impressive 63.0% for condominiums, clear indicators of renewed buyer activity. Median sales prices softened, down 10.4% to $1,250,000 for single-family homes and 11.7% to $847,500 for condominiums, creating opportunities for buyers who have been waiting on the sidelines. At the same time, days on market increased and inventory expanded, giving buyers more leverage and choice than we’ve seen in recent years. 

In a market like this, timing, pricing, and positioning matter more than ever. Whether you’re considering selling, searching for the right opportunity, or simply trying to understand what these shifts mean for your property, having clear, current insight can make all the difference. If you need assistance with the property assessment link or you’d like to discuss your specific situation or explore what opportunities may exist for you in today’s market, we are always here as a resource. 

Please know that your entrusting us with your own business and those of friends and family mean so much to us. Thank you for your loyalty and referrals. 

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 year 

MauiRealEstate.net 

Update on the Hawaii Real Estate Market Statistics for January 2025

Posted on by

With significant activity on all islands, the Hawaii real estate market got off to a great start in January 2025. Sales in the residential, condominium, and unoccupied land sectors were consistent on Maui. With 58 sales and a median price of $1,187,500, Maui’s residential market generated $83,444,128 in total dollar volume. With 53 transactions and a median price of $675,000, the condominium market generated $56,140,170 in total dollar volume. Thirteen deals with a median price of $585,000 and a total dollar volume of $19,862,750 were made in the vacant land market.

With 338 total sales, the Big Island saw a notable increase in real estate activity. On the Big Island, median condo prices were $689,500 while median home prices were $595,500. The entire monetary volume was $253,513,541, with the median land price being $45,000.

High-value transactions were evident in Kauai’s real estate market, especially in land and residential sales. A total of 70 sales were registered on the island. In Kauai, the median price of a home was $1,325,000, and the median price of a condo was $800,000. The entire dollar volume was $101,510,800, and the median land price was likewise $1,325,000.

With robust home and condo sales, Oahu continues to be Hawaii’s most active real estate market. There were 196 home sales in Oahu’s residential market, with a median price of $1,120,000. The median price of the 312 transactions in the condominium market was $539,500.

In 2025, the Hawaii real estate market is still strong, with strong demand on all of the main islands. Opportunities are available in the condo and unoccupied land markets, even if median property prices still reflect the upscale aspect of island living. To make wise real estate selections in Hawaii, investors, buyers, and sellers need keep up with market developments. January 2025 has laid the groundwork for a busy year in Hawaii real estate, whether you’re searching for your ideal home on Maui, an investment condo on Oahu, or undeveloped acreage on the Big Island. More information about changing market trends will be available in the upcoming update.

September Market Statistics

Posted on by

All Hawaiian islands have seen significant real estate market movements. From Maui’s luxury residences to Kauai’s stunning scenery, the market is showing a complex mix of growth, losses, and big price revisions. This year’s performance by region:

Maui Market Statistics:

Single-Family Homes:
Total Sales: 580 properties, up 0.5% from previous year.
Median Sale Price: $1,300,000, up 8.7%.
Sales rose 1.4% to $1,042,117,942.
Condominiums:
Total sales fell 10.1% to 679 units.
Median Sale Price: $900,000, up 9.1%.
Sales volume rose 16.1% to $1,018,536,964.
Vacant Land:
Total sales: 144 items, 14.3% higher.
An astounding 33.4% increase in median sale price: $902,501.
Total Sales: $283,084,001, up 72.3%.

Oahu Market Data:

Single-family homes:
Sales rose 1.9% to 2,210 properties.
Median Sale Price: $1,100,000, up 6.8%.
Sales rose 5.5% to $2,991,846,111.
Condominiums:
Sales fell 5.7% to 3,466 units.
The median sale price rose 1% to $510,000.
Total Sales: $2,100,169,518, down 7%.
Vacant Land:
Total sales: 53 parcels, down 23.2%.
The median sale price rose 4.7% to $890,000.
Total sales fell 35.3% to $76,100,999.

Big Island Market Statistics:

Single-Family Homes:
The number of residences sold rose 1.3% to 1,509.
Median Sale Price: $549,150, up 9.8%.
Sales rose 28.3% to $1,576,940,292.
Condominiums:
Total sales fell 10.9% to 442 units.
Median Sale Price: $680,000, up 14.5%.
Sales volume rose 10.4% to $523,486,621.
Vacant Land:
Total sales: 1,373 lots, down 9.9%.
Median Sale Price: $46,000, up 12.2%.
Sales volume fell 4.3% to $244,118,554.

Kauai Market Statistics:

Single-Family Homes:
There were 284 home sales, a 37.9% increase.
Median Sale Price: $1,400,000, up 21.7%.
Sales volume rose 78.3% to $605,555,821.
Condominiums:
Total sales fell 7.2% to 219 units.
The median sale price rose 8.4% to $769,000
Total sales fell 2.4% to $209,756,653.
Vacant Land:
Total sales: 83 parcels, up 1.2%.
Median Sale Price: $774,500, down 12.7%.
Sales volume rose 5.2% to $101,759,305.

Single-family home and land sales have increased on Maui and the Big Island, but Oahu and Kauai have had mixed results. Condo sales have slowed on the islands, but prices are rising due to island living demand. Maui’s unoccupied land sales volume rose 72.3%, driving up prices.

Thank you to Title Guaranty Hawaii for providing the information. Stay tuned for market insights and updates!

Maui May Update

Posted on by

 

Aloha All,

During this Memorial Day Weekend as we celebrate those who have served to protect our freedom and rights, many have become shocked to the reality of how fragile that freedom is. Maui is currently in a vulnerable situation due to our State Representatives passing a new law granting Counties the right to change zoning regulations, and in turn reducing property rights and putting our freedoms at risk. We all are aware of the nightmare that so many West Maui and Upcountry people have endured due to the fires on August 8th, many losing their homes, their businesses, their employment and many losing their lives. It’s a horrible situation. This tragedy has accentuated Maui’s failure, like so many other areas in Hawaii as well as the Mainland, of their ability to provide for adequate housing. Maui’s government immediately turned on the short term rental owners and employees and started on the journey to strip away property rights from many short term rental owners, while ignoring the root causes of the issues which is the failure of government, one of those being too many regulations. Many times we look to the government to solve our problems while the government is the problem.

There is a huge shortage in housing but it’s not because of vacation rentals that were built before hotels, but because of poor planning of our government. The question is “Why punish the population who has worked hard to obtain their property instead of putting their energy into getting the properties built. Most vacation rentals would be very short on parking if they were converted to long term rentals. Vacation rental properties usually have one car parking while most families using long term rentals have multiple cars.

Clint recently interviewed Paul Brewbaker, Hawaii’s well-known economist. Paul explains the ramification of the situation Maui is facing should the new law pass. Following is a link to that interview. You will find it very enlightening. https://www.facebook.com/share/v/5FH15ptSZLxXMSyi/?mibextid=WC7FNe

Another source is Maui Vacation Rental Association which, along with others, is banning together with other associations to resolve these issues appropriately. Connect with them, attend their meetings in order for all of us to get a positive resolution: ­­This link will provide valuable information. https://mvra.net/news

To add insult to injury, the county just passed a whopping new tax hike where hotels are charged less than STR’s. Here’s the link to the new tax rates: https://www.mauinews.com/opinion/columns/2024/05/property-tax-hikes-wrong-way-to-rebuild-lahaina/ Keep in mind that while tax rate on less expensive properties may remain the same they will still pay more taxes due to the increase in assessed valuation by the county.

This Maui bill has not passed as yet and they will be having public comments at the Council Meeting in the near future. By the way, the other islands are also experiencing similar problems and we believe as things evolve, we will all need to work together. This is a very complicated situation and we are happy to answer questions to the best of our ability.

In the meantime, the real estate market seems to be faring well. The Maui News article recently states the following “Homebuyers on Maui closed on more single-family homes and condominiums in April, according to the latest resale figures from the Realtors Association of Maui (RAM). The median sales prices for both categories also saw notable increases as single-family homes rose by 16.9%, while condominiums climbed by 8.4%, compared to April 2023….The average sale price of a single family home on Maui saw a significant increase in April compared to last year, registering at $1,714,647 in April 2023 compared to $1,867,630 last month. That is good for an increase of 8.9% over the course of a year.” For the complete stats click https://www.mauirealestate.net/real_estate_stats.html

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

Single level, 4 bed, view home in Maui Meadows. https://www.mauirealestate.net/mls-402110.html

Beach front condominium. https://www.mauirealestate.net/mls-402134.html

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) 

 808-283-945                                   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 for over 35 years

Maui Market Update April 2024

Posted on by

April 2024 saw a decline in the U.S. housing market as existing-home sales moved away from a one-year peak, declining 4.3% to a seasonally adjusted annual pace of 4.19 million. The National Association of REALTORS® (NAR) has claimed that this decline is the result of rising home prices and interest rates, which have put off some prospective purchasers. A 4.8% increase from the previous month, the median price of existing homes hit $393,500, while the average 30-year mortgage rate has risen beyond 7%.

When it comes to property types, single-family homes and condominiums have very different market dynamics. The number of new listings increased by an astounding 36.6% for condos and 3.7% for single-family houses. But pending sales of condominiums fell by 31.2%, while single-family house pending sales rose by 5.8%. For single-family homes, the median sales price increased sharply by 16.9% to $1,300,000 and for condos, by 8.4% to $962,500. The inventory changes also showed a mixed picture, with single-family home values rising by 1.8% and condominium values rising by a significant 141.0%.

The warmer springtime weather has enticed more sellers to enter the market, despite the obstacles presented by rising prices and loan rates; as a result, overall inventory has increased by 4.7% month over month and 14.4% year over year. As a result, at the present rate of sales, there was 3.2 months’ supply. Nationwide, sales of real estate are happening quickly; the average time a home spends on the market is now 33 days, as opposed to 38 days the previous month. This pattern highlights a continuous demand that surpasses supply, maintaining market competitiveness as the spring purchasing season approaches.