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| Aloha! The Hana real estate market continues to be quite active, resulting in diminished inventories, particularly in the lower and middle price ranges. Here are a few comments that may help you to assess the situation from your particular perspective. | |||||||||||||||||||||||||||||||||||||||||||||||||
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| Agricultural zoning laws, which regulate the vast majority of Hana properties, allow owners to build two homes on each parcel of ag-zoned land (providing that it is at least two acres in size). The main residence can be of any size, and the second home up to 1,000 square feet. (an agricultral plan or actual agricultural use may be required). | |||||||||||||||||||||||||||||||||||||||||||||||||
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The subdivision of larger parcels is often dependent on water availability and infrastructure requirements. At any given time, there are relatively few properties available, with Hana's families tending to pass their holdings on from generation to generation. There is literally no speculative buying and selling and thus there is very limited turnover in improved properties. |
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| Recent sales activity has resulted in some increase in prices, and we see Hana real estate maintaining a level of assured long-term value that is typical of rural, agriculturally-oriented communities. Oceanfront properties are extremely limited in number, and are priced accordingly. Hana Coast Realty offers more than 40 years of Hawaii real estate experience, dealing exclusively in properties located in this beautiful part of Maui. We are always pleased to provide further details, digital photos, etc. on any property, (regardless of listor), or to contact prospects when new properties become available which meet pre-determined needs. We also offer limited property management services. To be placed on our mailing list, please don’t hesitate to call or write. | |||||||||||||||||||||||||||||||||||||||||||||||||
Copyright Hana Coast Realty © 2009 |
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