Kauai Real Estate, Airbnb Testing Age Limit, Pili Mai 3 Bedroom Just Listed

Kauai Real Estate SOLD and NEW listings Island Wide! Comments Off on Kauai Real Estate, Airbnb Testing Age Limit, Pili Mai 3 Bedroom Just Listed

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Kauai Real Estate Sales 

For a complete list of everything that Sold, went into Escrow and was Just Listed for last week on the island of Kauai click here: Kauai Real Estate Update February 3 to February 9, 2020.

Poipu Beach Real Estate- From what I’m experiencing, and from what my fellow agents and title companies tell me, we are selling real estate.  The last part of the year was a bit quiet but January just kept picking up speed and there’s not sign of slowing down for February.
I’m excited to announce that I am listing a 3 Bedroom 3 Bath Pili Mai unit in building 10 which is one of only 5 buildings out of the 15 in this complex that is on the golf course.  This is a single story Moana floor plan with central AC, well appointed interior design and has been in an established rental program.  Currently this is the only unit for sale in this complex.  List price is $995,000.  In this post I have a video walk through, contact me for more information.
For a complete list of all the Fee Simple Poipu Beach activity click here: Poipu Beach Real Estate Update

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Ocean View In Escrow! Located on the top floor of building 34 this updated unit has fabulous views and great rental income. List Price: $274,500. Click on the photo for more information.

 Kiahuna Plantation Real Estate- Ocean View Kiahuna Plantation #215 In Escrow!  My Sellers and I negotiated an offer on unit #215 and we are in escrow.  This is a top floor corner unit that has an exceptional view plane overlooking the Lagoon to the ocean.  Very private, updated interiors and a successful vacation rental.  If you missed out on this one give me a call for other possible options.
For a complete list of all the activity at the Kiahuna since January 1 click here: Kiahuna Plantation Current Market Analysis

Airbnb Testing Restricting Bookings For 25 and Under
In Canada, Airbnb is testing a program that prevents users under the age of 25 from booking a rental.  There are some exceptions if the users have an established record of positive reviews.
Several incidents have prompted this.  One being a shooting at a Toronto Airbnb where three people were killed.   In October five people were killed at a party that was being held at an Airbnb rental.
Some other changes that Airbnb announced was that they are going to invest $150m into safety initiatives, which includes a 24-hour hotlines for upset neighbors and the provision of noise detectors that can alert hosts if there is a disturbance.
The company also said it would tie staff bonuses to progress on safety. In December, Airbnb pledged to verify all of its properties around the world — of which there are approximately 7m — to check listings are accurate. It said it would use a mixture of algorithmic systems and guest feedback, as well as in-person or virtual walk-throughs. However, the company said on Tuesday the audit had yet to begin as details were still being finalized.

Amazon Coming To Hawaii?
The buzz on the street is that Amazon is looking for industrial space on Oahu.  They also recently changed their business registration in Hawaii for an entity that lets local businesses sell wares and services on the e-commerce giant’s online platform.

Many of the services that Amazon has such as housecleaning, repair services, computer support etc. are not available here.  But that might all change if they establish a base here.
A team from Amazon was on Oahu last month touring potential warehouse sites.  They currently make daily flights to Hawaii and they have their own package receiving/distribution at Honolulu International Airport.

Oahu, Maui and Big Island Real Estate Year To Date
Last week we reviewed Kauai Year To Date Real Estate Sales and this week we have the data for the other islands.

On Oahu the median price of a single-family home in January was $760,000, which was 1% lower than the same month a year ago.  Sales of single-family homes in January totaled 285, which was a 14% increase from the same month a year ago, while the 12-month total, 3,859, was 4% more than the 12-month period that ended Jan. 31, 2019.
Sales of Oahu condos rose 16% in January to 386 units but declined 4% over the 12-month period ending Jan. 31 to 5,510 units.  The median price of a condo in January was $429,500, an 8% increase from a year ago. The median price over the 12-month period ending Jan. 31 was $430,000, which was 2% higher than the previous 12-mont period.

The Maui Residential home sales in January 2020 numbered 84 which is a 33.3% increase from 63 in January 2019.  The Median Price is $782,438 which up by 7.2% from last years $730,000.
The number of condominium sales is down -2.3% at 127 compared to 130 at the end of January 2020.  However the Median sales price was up 7.7% at $569,000 compared to January 2019’s Median Price of $528,450.

On the Big Island of Hawaii 213 single-family homes sold last month, an increase of 43.92% from 148 homes sold in January 2019. The median price of those homes was $450,000, which was 25.05% higher than the median price a year ago, which was $359,850.
The median price of a condo on Hawaii Island in January was $430,000, which was an increase of 32.31% from $325,000 in January 2019. The number of condo units sold last month, however, declined to 59 units, which was 7.81% fewer than the 64 units that sold in January 2019.

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