March Newsletter

Hansen Ohana’s Maui Newsletter March 1, 2021

Maui Luxury Real Estate LLC

 Aloha from Maui.  If you are missing Maui and the sound of the ocean waves on our beautiful beaches,check out our live beach cam (now with sound) on https://www.mauirealestate.net/video.php?Size=Large.  You might even catch a view of the magnificent whales which are active this time of year.

As most states are experiencing, the Maui real estate market is dynamite right now.  Low interest rates coupled with low inventory is moving the market higher.  Median home prices as of February 28, were up 19.8% since a year ago at $895,000.  On the other hand, condos almost unchanged from last year at $556,990.  Total inventory of homes went down from 517 last year to 214 now for homes Condos remained around 503. Months’ supply of inventory for homes went from 5.4 to 2.2. Condos months’ supply went up from 3.9 to 4.3.  Due to low interest rates the affordability index for condos increased from 67 to 72 but the home affordability index fell from 50 to 45 from last year. With continued low interest rates and low inventory, the market appears to be relatively stable in terms of pricing for properties on Maui.  One very interesting statistic for me is the percent of listing price realized which over the years has remained relatively similar in the 97% range. This means a million-dollar asking price on average would close at about $970,000.  Well priced properties may receive multiple offers.  Pending sales hit an all-time high of 826 properties under contract at the end of February.

Regarding Condominiums the average visitor spends $3,800 per person. On Vacation home rentals the average tourist spends $3,400 on Maui vs. hotel visitors spend around $2,900 per person.  Due to Covid19 restrictions on travel last year vacation rental income was down. This year the vacation rental market has been very busy and visitors are coming back.  People need to relax in a safe place with good weather and Maui is the place.  Coming to Maui is getting easier with Covid19 on its way out but there are reasonable restrictions.  Check the www.hawaiicovid19.comwebsite for more information.

If you’re interested in something new, there are quite a few projects in a variety of price ranges planned for the next 10 years across Maui. Last month we saw renderings of some workforce housing being conceptualized in Kapalua across from Pineapple Grill and another up for approval in South Maui across from The Five Palms.  In addition to that there is a project currently underway in Wailea.  The Wailea Hills developmentincludes75 units for sale in 15 separate buildings.  They have beautiful floorplans, many with gorgeous views, underground parking and good locations.  Prices start in the mid $1.8’s million and up and seem to be selling pretty steadily with approximately 70% now under contract.  If you would like to view them virtually please let us know at: dad@mauirealestate.net and we will send you the links.  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, but this may take some time before they get final approval.

With so many potential buyers now glued to social media we have significantly increased our advertising online by offering additional video tours, virtual open houses, and tours as you can see by the links below:

 

Virtual Home Tours:

3149 Waakea Pl. Wailea: https://my.matterport.com/show/?m=ifodYr3xSpJ

Maalaea Surf Unit E3: https://my.matterport.com/show/?m=efAg9rJzwQ2

145 N Kihei Rd Uni 512: https://my.matterport.com/show/?m=hYjUR6z8Rhn&mls=1

112 Walaka Unit 305: https://my.matterport.com/show/?m=qM4x1ppeqZU&brand=0

10 Kulani: https://www.youtube.com/watch?v=-I8kt8RPxOk&feature=youtu.be

 Click here for more Videos and Tours    All VR Tour Matterport Links

 

Please feel free to call any one of us for more information or email us at dad@mauirealestate.net

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 D. Hansen R(S)

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

                  RB-17532                                            RB-21616                                RS-49765       

        

Events This Weekend

This Friday, July 8th join Marc Takahe in SpiritDance.  The method of this dance is learning to move from the inside out.  Participants are encouraged to use inner expression in their outer dance.  Located at The Studio Maui, cost to join is only $15.00!  For more information or to register visit The Studio Maui website.

Seth Grabel from the hit television show America’s Got Talent will be performing this Saturday July 9th at the Maui Theatre in Lahaina at 7:00 pm.  Seth is a highly sought after performer who has appeared on such major networks as ABC, Extra, and Bravo.  To purchase tickets visit the Maui Theatre website here.

On Sunday at the Queen Ka’ahumanu Center, Maui Made Sundays will take place from 9:15 am to 5:00 pm.  Come enjoy this free event that includes live music, Polynesian entertainment, and locally made food and products.  The Queen Ka’ahumanu Center website has more information.

Have a great weekend!

Pride Of America

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Pride Of America

Docked in Kahului Boat Harbor is the impressive 2000 passenger Pride Of America ship.  This is the only ship to sail around the Hawaiian Islands year round.  Native ambassadors of the ship will be your guides and teachers first hand of Hawaiian culture.  This massive ship has more than 15 restaurants and 12 bars and lounges on board.  The spacious comfortable suites make the Pride Of America a great adventure for families!  Enjoy a swim on board in the spacious pool, or spend the day being pampered at the Mandara Spa.  There is plenty of activities for everyone to enjoy!  You can learn more about the  Pride Of America ship and see everything the ship has to offer here.

The Road To Hana And Beyond

Hana is considered the last unspoiled Hawaiian frontier. A soulful respite from modern day stress. The journey to Hana is part of the reward, traveling through lush tropical jungle and with 600 curves and 54 bridges to cross, hundreds of waterfalls and secret spots, breathtaking vistas, remote peninsulas and scenic picnic spots, it’s best to take the journey at your own pace maybe staying on a hotel or go camping with the best equipment from Survival Cooking. There are several books, guided CDs and GPS apps available that take you through the journey. You may want to review some and see which one suits you best. Remember to start your journey early if you want to make the most of it.

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Hana

Setting out on the wonderful, winding Road to Hana, make sure you fill up on gas at the beginning of the journey. Pack some snacks and drinking water and prepare to expect the unexpected and try to always get a road risks insurance just in case anything happens. Hana has a handful of restaurants and small convenience stores, but they close early and some close for holidays.

To begin your journey, you will want to head towards Paia Town on the North Shore of Maui. Here you will find an assortment of surf shops, boutique stores and restaurants. If you stay here a while, you may even fall in love with Paia’s small town charm.

Traveling East of Paia along Hana Highway, the journey to will take you past world famous Mama’s Fish House restaurant, a great option for dining upon returning from Hana, but reservations are a must! Just after Mama’s, you will pass Ho‘okipa Beach Park, home to the Aloha Classic Windsurfing Tournament. The lookout has an elevated parking lot that overlooks the bay, great for seasonal whale watching from the shoreline.

Heading past Ho‘okipa, you will be heading towards heavenly Hana, a few more curves in the road and the scenery will transform from rolling pastures into wild rainforests with an abundance of fruit trees, fragrant wild ginger and an assortment of fruit stands that offer delicious fruit smoothies, banana loafs and other snacks.

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Road To Hana

You will notice mile markers along the road. After mile marker 16, the Hana Highway mile markers reset to zero. Our first recommended stop along the journey is just past the next Mile Marker 2 ~ Twin Falls. Estimate 1-2 hours for this stop.

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Falls in Hana

There is a parking lot to the right of the highway that fronts the entrance to Twin Falls, an easily accessible set of waterfalls that requires minimal hiking. Depending on weather conditions, the paths may be a little muddy. Swimming is optional, so bring spare clothing and towels incase you do get wet. There is a small stand that sells juices and snacks in the earlier part of the day. There are several waterfalls and scenic hiking paths. The area is a popular hiking spot, so can become crowded, with difficulty finding parking. Budget time carefully here if you have a lot of other stops planned along your journey.

Just after Mile Marker 16 you will see a turn in the road to the left. Here you will find Keanae Peninsula. A great spot to stop and admire the sweeping landscape of lava fields and sea cliffs. There are public restrooms and a few small shops that sell fresh banana macadamia nut bread and other snacks and drinks.

Travel a little further towards Hana and as you pass the Half Mile after Mile Marker 19, you will reach the Upper Waikani (Three Bears) Waterfalls, a breathtaking trio of waterfalls which can be seen from the road. A great stop for a photo opportunity if parking is available.

Just before you arrive in Hana, you will see a sign and a left turn towards Wainapanapa state park. This is a great area to visit in Hana offering a variety of sights, hikes, camping, with caves, blowhole – black sand beach

Arriving in Hana Town, there are an array of local eats, we recommend the restaurant at Traavasa which is open for breakfast, lunch and dinner daily. While there, you may also want to check out the art gallery which showcases a wide array of Hawaii artists. There are some magnificent pieces that would appeal to any avid collector. Indulge in a Travaasa Spa treatment, sure to leave you feeling renewed and rested. Reservations a must: (888) 820-1043

If time permits, adventure awaits in Kipahulu. Located approximately 15 minutes beyond Hana, this sacred and special area is part of the Haleakala National Park. Explore the area with hikes and walks of varying difficulty. Be sure to read our Blog about exploring Kipahulu which includes info about Seven Sacred Pools, Oheo Gulch and more.

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Bridge in Hana

There is so much to do around East Maui. You may even want to stay a night or two to get the most of your journey. Keep in mind that the journey is the reward so expect the unexpected.

What better way to end your journey through Hana is with an unforgettable dinner. Driving back the scenic route towards Haiku and Paia, you may want to stop at Mama’s Fish House which is located at Kuau Cove (just outside of Paia). All their fish is caught daily and the menu even names the fisherman who caught it. The service is excellent and their dishes are some of the best on Maui. Reservations are recommended. (808) 579-8488.

Tips for taking the road to Hana
– leave early,
– bring hiking shoes and clothing
– bring towels and spare clothes incase it rains
– check weather to see if it’s raining
– fill your gas tank
– drive carefully and slowly and enjoy the journey
– stay overnight for an additional day of relaxation in heavenly Hana

ALOHA!

Dreams Come True In This Sugar Beach End Unit On Maui!

February 4, 2015

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Sugar Beach

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