June 2020 Newsletter

Hansen Ohana’s Maui News June 2020

Maui Luxury Real Estate LLC

Exciting news!  As we enter the Summer and also the end of the fiscal year, Maui is celebrating the August 1st welcoming back of our tourists again without the 14 day quarantine regulations IF you have passed the Covid testing three days before arriving on Island.  More details will follow as they are published but for Maui, we are excited to see all those who enjoy our Island.  Even with the difficulties that these passed few months have tested Maui with, we have continued to prove that Maui continues to be a loved paradise no matter what is going on in the world.  Maui’s real estate market has continued to be relatively strong, not perfect, but really good.

Our real estate update as of June 24, 2020:May continues to show a resilience in median sales prices.  Homes prices were up 13.5% since last year at $800,000.  Condos were up 33.3% from last year at $680,000.  Number of new listings were down about 15.5% for homes and about 18.8% for condos.  Inventory as well as pending sales for April remained low for both homes and condos.  For the first 22 days of June the market is still showing resilience with 51 properties pending for South Maui, 25 properties for West Maui, 12 properties for the North Shore, 14 properties upcountry and 47 properties pending for Central Maui.  With low interest rates and low inventory, the market appears to be continuing to improve.

Good news, lots of projects in many price ranges in many parts of Maui over the next ten years. Additional housing is needed on Maui for Maui residents. Just this morning we saw renderings of some workforce housing being conceptualized in Kapalua across from Pineapple Grill.   A project currently underway is the Wailea Hills development.  They have a portion of the 75 units for sale in 15 separate buildings.  They have beautiful floorplans, many with gorgeous views and good locations and underground parking.  Prices started in the mid $1.5’s million and up and seem to be selling pretty steadily.  You can view them virtually, just let us know.  For project info please email dad@mauirealestate.net  and we will send you the link.  In addition, there is an application for a Wailea Project consisting of 289 condos, 51 zero lot line homes, 92 duplex homes and 146 multi-family units of which 23 units could be short term rentals.

Whatever your preference of (for) location, climate, size, price range and use needs are, we will find it for you.  This is a perfect opportunity with interest rates low to move forward.  Our virtual tours, Facetime presentations have helped many succeed during this time.  You will feel like you are walking through them enjoying every possible detail.  We strive to utilize cutting edge technology with a personal touch and felt this would be a good way for people to view our listings, ask questions and perhaps find their dream house or a great piece of land to start planning your dream home.  Just go to our website at MauiRealEstate.NET

Low interest rates and mortgage relief are available.  Qualifications vary loan to loan as well as the potential impact to your credit, but it is important THAT YOU CONTACT A REPUTABLE LENDER AS SOON AS POSSIBLE if you are considering a refinance, new mortgage, or mortgage relief.  With so many potential buyers now glued to social media we have significantly increased our advertising online by offering additional video tours, and virtual open houses and tours as you can see by the links below.

Virtual Home Tours:

Maalaea Surf Unit E3   https://youtu.be/AGgg7qSvC68              

Grand Champions #163   https://www.youtube.com/watch?v=VO7MZy-XMyw&feature=youtu.be

Grand Champions #180   https://my.matterport.com/show/?m=aGmrbu7bgvQ&brand=0

Walaka Maui Unit 305   https://youtu.be/9bAnpHTTLdU                    

153 Hokai Pl. Kihei    https://www.youtube.com/watch?v=xhokgwLacs8&feature=youtu.be

65 Hale Noho Pl., Wailea  https://www.youtube.com/watch?v=E1Rt8DAT8_0&feature=youtu.be

Kai Makahi D-202, Kihei   https://www.youtube.com/watch?v=ur9xscX6i8o&feature=youtu.be

Kihei Shores I-202, Kihei   https://www.youtube.com/watch?v=Ioo7498OkOY&feature=youtu.be

Matterport Links.    https://www.mauirealestate.net/matterport/

 

May all good things come your way – laughter, gratitude, good health and good friends

 

             Bob Hansen PB R(B)            Clint Hansen BIC R(B)           Donna R(S)

              808-283-9456                           808-280-2764                     808-280-1650

Update On Quarantine Ending

Howard Dicus stated on KHNL HAWAII NEWS NOW TV that the Oahu Chamber of Commerce who has generally been gentle with Governor Ing that he shorten the quarantine ending date for Mainlanders to visit Hawaii sooner than July 31st due to many businesses being forced to close their doors forever since the majority of businesses depend on Visitors from outside Hawaii to survive.

Important Update Regarding Transient Vacation Rentals!

Transient vacation rentals will be allowed to operate starting on Tuesday, June 16, but can only accommodate persons not subject to the 14-day quarantine. This means condo units that are zoned hotel or that are on the short-term occupancy list, B&Bs and STRHs could potentially rent to interisland travelers, residents and guests not subject to the 14-day quarantine, such as out of state visitors who have completed their quarantine at a hotel. These TVRs are allowed to take reservations now, but renters will not be able to begin their stay until Tuesday, June 16.

The Governor’s proclamation also includes host liability, so TVR owners may be subject to enforcement if they rent to individuals who are subject to the 14-day quarantine, which, if convicted, could include jail time and a fine.

 

Maui TV Today At 4:00 PM!

VERY IMPORTANT FOR MAUI TV TODAY AT 4:00 PM. Tune into Channel 55 Akaku and Mayor Victorino will have Dr. Pang speak. We listened to him on Saturday and he has a ton of very good information. Learned a lot about Covid that is new.

Happy Memorial Day!

From our Ohana to your’s, we wish you a safe and Happy Memorial Day!