Kauai Real Estate Update, Southwest Update, Kiawe Roots Review

Kauai Real Estate SOLD and NEW listings Island Wide! Comments Off on Kauai Real Estate Update, Southwest Update, Kiawe Roots Review

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I Just Listed Kiahuna Plantation unit #422, click on the photo for a video tour and contact me at 808.346.0056 for more information.

Kauai Real Estate 
For a complete list of the properties that were Just Listed, Sold or went into Escrow this last week on Kauai click here: Kauai Real Estate Report December 31 to January 6.

Poipu Beach Real Estate- To get completely updated on the Fee Simple market click here: Poipu Beach Current Market Analysis

Kiahuna Plantation- I Just Listed unit #422 a lovely ground floor 1 bedroom 1 bath located in building 41.  Call me for more information and to get updated on the Year to Date activity click here: Kiahuna Plantation Current Market Analysis

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Photo Courtesy of Realtor.com

Jim Nabors aka Gomer Pyle Home Sells On Oahu
The sale of an oceanfront estate near Hawaii’s Diamond Head that belonged to the late Jim Nabors closed on Friday for $12 million to an undisclosed international buyer, it was listed at $14.88 million.  The house was built in the 1950s and had 170 linear feet of ocean frontage.
Nabors, who was known best for his role as Gomer Pyle on “The Andy Griffith Show” and “Gomer Pyle USMC,” in the 1960s, died in November 2017 at age 87.  He had owned the home, which sits on a 25,059-square-foot in Kahala, east of Diamond Head, since the 1970s. The home is also only three lots over from Shangri La, the former Doris Duke estate that now a museum of Islamic art.

Poipu Beach Restaurant Review: Kiawe Roots 
Kiawe Roots (pronounced Key-Ah-Vay) is one of my new favorite restaurants on the South Shore and a big thank you to my clients Stephen and Karen for introducing us to this restaurant.
The owners started with a food truck called “Roots In Culture” in 2017 and when the space above Tortilla Republic in the Kukui’ula Shopping Center became available they opened up Kiawe Roots.  The choice was not that hard because one of the owners had been the top chief at Tortilla Republic so he knew the location and its potential.

My husband had the Huli Huli Chicken Papaya which is grilled chicken, green papaya, ginger, mushrooms, chicken broth, long rice noodles and a deal at $18.00.  I had the Kiawe Burger which is grilled in a garlic sesame soy sauce and Holy Smokes was it delicious, best burger I’ve ever had. It comes with chips but I substituted cole slaw and it was $15.00.

When we first went I had the Chicken Tinono bowl which is served like the plantation workers ate them: in a tin bowl with rice, vegetables and your choice of sauce. It was amazing and only $14.00.  For dessert our friends had said that we had to have the Banana Bread French Toast so the four of us split it.  Breakfast for dessert?  Twist my arm, I was in and I’m so glad!!!  I still dream about this dessert.  They do not take reservations for less than 5 people but if you go early it shouldn’t be a problem.  Enjoy yourself and shoot me an email letting me know about your experience.

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Southwest Inching Closer To Hawaii
I have heard that Southwest received word that they were notified by the FAA that their Extended Operations procedures and manuals were submitted for review and approved. This is an important step in their receiving their ETOPS certificate which allows them to fly to Hawaii.
Southwest still needs to do a series of “validation flights” where they show their procedures in action and staff training. After that the certificate should be issued.  Southwest has stated that they will not announce flights until they have been issued this certificate.  With the government shut down the issuance might need to wait until the reopening of the Federal Government.

The earliest that they can start to fly would be March/April.

Oahu, Maui and Big Island Real Estate
Last week we looked at the real estate sales comparing 2017 to 2018.  Now lets look at the other islands.  ***Note*** the Maui statistics have not been published yet, I’ll update as soon as I get them.

The median price of a single-family home on Oahu last year reached  $790,000, a 4% increase from the year before, while the median price of a condominium rose 3% to $422,000.  The number of sales for the year, however, dropped by 9% to 3,714 homes sold for single-family homes and by 3% for condos to 5,781 units sold.  For December, the median price of a single-family home rose 5% to $785,000, while the median price of a condo declined by 3% to $398,000.
Sales of single-family homes in December alone dropped 30% to 263 homes sold, while condo sales declined by 7% to 437 units sold.

On Maui the median price of a condo for all of 2018 was $500,000, which was 12.4% higher than the median price for 2017, which was $445,000. Sales of condo units rose 13.8% last year to 1,654 units sold, from 1,453 sold in 2017.
Sales of single-family homes in 2018 rose 3.3% to 1,137 houses sold, from 1,101 sold in 2017. The median price of those houses was $710,000 for all of 2018, a 2.2% increase from $695,000 in 2017.

For December, the median price of a single-family home on Maui was $708,750, which was a 3.4% increase from $685,500 in December 2017. Sales of single-family homes rose 4.4% in December to 94 houses sold, from 90 houses sold in December 2017.
Sales of condos on Maui declined in December to 120 units sold, a 14.3% decline from 140 units sold in the same month in 2017. The median price of those units, however, rose 14.1% to $493,500, from $432,500 in December 2017.

On the Big Island the median price for December was $399,500, which was a 17.5% increase from $340,000 during the same month in 2017.  For December, single-family home sales declined 11.22% to 182 homes sold, from 205 homes sold in December 2017.
Condo sales for all of 2018 declined by 2.57% to 833 units sold, from 855 units sold in 2017. The median price for a Big Island condo was $350,000, a 12.9% increase from $310,000 in 2017.
As a side note: land sales in Puna — much of the land destroyed by Kilauea were vacant parcels — dropped 25.14% to 1,036 lots sold, from 1,384 lots sold in 2017. The median price of vacant land sales, however, rose to $22,000, a 10% increase from $20,000.

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