Hansen Ohana Quarterly Newsletter

Aloha All,

It is time again to update you regarding what the real estate market is doing and also to ask you to mark your calendars to save the date of December 7th for our annual Holiday Toy Drive.

Regarding real estate activity, the US Mainland seems to have leveled off in its decrease in sales although the majority of areas continue to see modest increases in prices.  The vast majority of economists continue to predict that the market will continue to slowly but steadily increase, but at a much more sustainable pace (3% or so).  The really good news is that the FED’s continue to predict no interest rate increases from them for the rest of the year.

Inventory on Maui is still shrinking as new listings decreased 1.7% for single family and 1.5% for condos.  In addition, Single Family inventory decreased 14.6% and Condos decreased 11.4%.  Median Sales Prices increased 3.4% to $750,000 for homes and increased 7.2% to $552,000 for condominiums.  Less inventory could mean upward pressure on prices in the long run.

Luana Garden Villas at Honua Kai pre-sales continue to be strong – over 90% are now under contract and construction is well under way.  The majority of construction of Kalama Kai in Kihei has reached completion and occupancy of units has begun.  D.R. Horton is currently offering new construction homes in Wailuku with some interesting incentives.  They are 2 story, with 3 or 4 bedrooms and priced between $667K-$721K.  Towne Island Homes also has some completed properties available in the mid $600’s.  We have some exciting listings in Wailea, Kapalua, Kahului, Kihei, Pukalani and Haiku ~ homes, condos and vacant land.  Just to mention a few locations: A Wailea Kai best buy, a Haiku home on 2 acres and a Maui Meadows home and Ohana, plus so many more all over the Island.  Be sure to check all the featured listings on our website www.MauiRealEstate.net   Our office features agents that specialize in different areas of Hawaii.

Important notice:  Tune in for more information regarding Hawaii’s economy either by listening to Clint Hansen’s radio program at KAOI 1110 AM where he will be interviewing Paul Brewbaker, Hawaii’s respected economist or go to mauirealestate.net/radio or MauiRealEstate.net/mauirealestateradio for the audio or written version.  Clint’s radio program is every Monday at 7:00 to 8:00 am and covers different aspects of our real estate.

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

Wishing you a fantastic summer,

Clint, Donna, and Bob

Clint Hansen, R(B) 808-280-2764 ~ Donna Hansen, R(S) 808-280-1650 ~ Bob Hansen, R(PB) 808-283-9456

The Hansen Ohana

Maui Luxury Real Estate LLC

dad@mauirealestate.net

Maui Condo Prices Reach New Decade High

Condominium sale prices have reached a new high at a median price of $552,000 for June 2019. Active status Inventory for sale has reached an all time low and may indicate a seller’s market.

June inventory numbers dropped 14.6 percent for single family homes and 21.3 percent for condos compared to June 2018.

Median home sale prices rose 3.4 percent to $750,000 in June. The majority of homes sold were located in Wailuku. Majority of condos sold were found in Kihei with a median price of $550,000. Highest priced home sold was located in Kaanapali at $3.1 million. Highest priced condo was sold in Kapalua at $2,147,500.

If your interested in possibly buying or selling your home or condominium, call us today! We would be happy to assist you!

Best Buy Opportunities!

NEW LISTING! Highly sought after true single level living. Features of this 3 bedroom, 2.5 bath home include: Top of the line remodel, African Mahogany kitchen and dining area cabinets, granite countertops, office/study area, covered lanai, owned photovoltaic, heated pool & spa and a serene back yard oasis. $1.75M

3145 WAIEA PLACE! Gorgeous oceanview home ideally located in Wailea Kai-close to Keawakapu Beach! This palatial residence with 4 bedrooms beautifully incorporates the flow of the home into one of the largest yards with secluded pool in the neighborhood. NOW ONLY $1.490M

NEW LISTING! Beautiful 3 bedroom, 2.5 bathroom home in sought after Pukalani Fairway Estates with 18 owned solar panels, numbers updates and mature landscaping. $685K

WAILEA ENTERTAINERS DREAM HOME! Breathtaking ocean views delight you as you enter this custom home. Enchanting 4,100 square foot home with secluded pool & spa. Environmentally friendly owned photovoltaic system.

 

Open Today!

Open Today, Friday June 14th, From 10:00 am to 2:00 pm

3145 Waiea Place

Gorgeous oceanview home ideally located in Wailea Kai – close to Keawakapu Beach! This palatial residence with 4 bedrooms beautifully incorporates the flow of the home into one of the largest yards with secluded pool in the neighborhood! Now Only $1.490M

 

Properties Available To View

 

Available To See All Weekend By Appointment!

Wailea Kai

Gorgeous oceanview home ideally located in Wailea Kai – close to Keawakapu Beach! This palatial residence with 4 bedrooms beautifully incorporates the flow of the home into one of the largest yards with secluded pool in the neighborhood!

Open Sunday, June 9th, From 3:00 pm to 6:00 pm

Walaka Maui #205

In a fabulous and convenient location close to Charley Young Beach, Cove Beach Park, shopping, dining, and much more. Walaka Maui 205 is a beautiful 1 bed, 2 bath end unit with a partial ocean view, split A/C, it’s own private GARAGE and additional storage!

Wailea Ocean View Custom Home

Two story home with 4 bedrooms and 3.5 baths offers two master suites plus two additional bedrooms. Stunning living room with to live for chef’s kitchen, gigantic second living room opening to secluded pool & spa. Great Value could be yours!

Call for easy access 808-283-9456