Tag Archives: real estate market

Monthly Indicators

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March 2023 Monthly Indicators:

  • Existing home sales increased 14.5% month-over-month, the largest gain since July 2020, due to contracts signed at the beginning of the year when mortgage rates dipped.
  • Pending sales improved for the third consecutive month.
  • New listings decreased significantly for both single-family and condominium homes.
  • Inventory increased for both single-family and condominium homes.
  • Median sales price increased for single-family homes but decreased for condominium homes.
  • Days on market increased for both single-family and condominium homes.
  • Months supply of inventory increased significantly for both single-family and condominium homes.
  • Limited inventory nationwide has put downward pressure on sales prices, and national home prices were lower year-over-year for the first time in over a decade.

FOR MORE INFORMATION REGARDING STATS CONTACT US AT:  dad@MauiRealEstate.net

Hansen Ohana September Newsletter

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Aloha All,

We are set to deal with Hurricane Olivia which is projected to be a tropical storm.  You might want to observe some of the effects on our beach webcam at https://www.mauirealestate.net/video.php

We are approaching the high season for tourists and the busy real estate season and thought it was also a good time to update you.  While inventory continues to shrink you will also notice that prices have steadily and solidly increased at a very modest rate over the last year.  Island wide all properties had a median price of $613,750 which is a 6.7% yearly increase.  Single family had a medium price of $675,000 which is a moderate 1.7% yearly increase.  Condos had a medium price at $480,000 which is a 11.06% yearly increase.  The reason for this disparity may be found in people more willing to purchase in the lower price ranges.  Keep in mind that this is an average and that different areas may be more or less than this average.  Additionally where sellers were overzealous with their asking price, many have lowered them to market rates.

There is a statistic that clearly points out what is happening on Maui which is the months’ supply of inventory.  As of the end of August there was 5.3 months’ supply of real estate inventory.  While this may not seem low for San Francisco, historically this is a very low number for Maui representing a 20.9% drop in supply.

Luana Garden Villas at Honua Kai pre-sales continue to be strong – over 50% are now under contract.  Kalama Kai in Kihei has broken ground and vertical building is under way.  We have some wonderful land listings ranging in price from $389,000 to $1,725,000 with a variety of potential building options both residential and commercial.  If you or someone you know is interested in land banking, building a dream home or estate or real estate development with apartment zoning, please call us to discuss.

We are in the process of planning our annual Christmas Children’s Annual Event on Saturday December 1, 2018. We will be supporting the Friends of the Children’s Justice Center again this year.

Please give us a call for updates for your specific area.  We are here to help.  Following are our numbers.

Clint Hansen 808-280-2764

Donna Hansen 808-280-1650

Bob Hansen 808-283-9456

The Hansen Ohana

Maui Luxury Real Estate LLC

dad@mauirealestate.net