Kauai Real Estate, Makanui Home Sold, Koloa Mill Ice Cream Celebrates 10 Years

Kauai Real Estate SOLD and NEW listings Island Wide! Comments Off on Kauai Real Estate, Makanui Home Sold, Koloa Mill Ice Cream Celebrates 10 Years

Kauai Real Estate Update- For a complete list of all the real estate activity that happened island wide last week click here: Kauai Real Estate Sales October 5 through 11, 2020

Poipu Beach Real Estate- Last week I sold a very unique Poipu Beach property, Makanui #311 is a part of the condo complex but years ago it was the managers home.  This is a detached single level 3 bedroom 2 bath home with a detached two-car garage.  The perfect hybrid of a home with all the conveniences of a condominium complex.  The list price was $995,000 and we sold this for $985,000.  It was sold furnished and could be vacation rented out.  This was truly a one-of-a-kind property, that phrase gets tossed around a lot but it really applied to this “home”
For a complete list of all the real estate activity since January 1, 2020 in Poipu Beach click here:  Poipu Beach Current Market Analysis

Kiahuna Plantation Real Estate Update- I’ve updated my Kiahuna Real Estate page with the latest news on sales and current listings.  To access that click here:  Kiahuna Plantation Current Market Analysis

Kauai Police Officer Arrested
Last Wednesday KPD arrested one of their officers for disorderly conduct and criminal property damage while he was off duty.  The Saturday before around 11 p.m. someone pulled the fire alarm which turned out to be a false alarm.  When the surveillance footage was reviewed the employees identified the Kauai Police Officer as the person who allegedly pulled the alarm.
The next day KPD received a call from the home of this officer asking for medical assistance.  When they arrived it was the officer that was identified as the person pulling the fire alarm, his hand was injured and so was his unmarked car that was the property of KPD.
The man was arrested and released on bail, this matter is currently under investigation and the officer is on leave without pay.  He had been with the department for 11 years.

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Pictured is Marn Zeeb owner of Koloa Mill Ice Cream & Coffee in Old Koloa Town. Click on the photo for more photos and their complete menu.

Koloa Mill Ice Cream Celebrating 10 Years
So hard to believe but it’s been 10 years since Koloa Mill Ice Cream opened up in Old Koloa town, their opening date was October 10, 2010.  What I love about Koloa Mill Ice Cream is they’ve embraced Old Koloa town.  In their shop they have historic photos of the area and photos of when Grove Farm had their first sugar mill on Kauai up and running.  This area was a bustling little commerce town and Koloa Landing was not the name of a resort but an actual shipping port for them.

Along with their ice cream their coffee is from Kauai Coffee Company which further supports our local business.  To celebrate their 10 years they are offering 50% discount on their coffee through the month of October!  In addition to their delicious ice cream and authentic Kauai Coffee they serve Dole Whip, cotton candy, shave ice, and an assortment of baked goods and breakfast sandwiches.  Check them out online at: Koloa Mill Ice Cream

Kauai To Receive $1.6 Million To Improve Powerhouse Road
Hawaii will receive $1.6 million in federal funding to aid in repairing Wainiha Powerhouse Road on Kauai.  Severe storms and record rainfall on Kauai two years ago resulted in flooding and landslides that damaged the road, and the state Department of Public Works will receive $1,638,727 for the road’s repair.
The Wainiha Powerhouse Road is commonly called “Powerhouse Road”, it’s located in Hanalei, the unmarked road is a bit remote with residential and vacation rental properties along it.  To see it on a Google Map click here:  Powerhouse Road Map

Oahu, Maui and Big Island Real Estate
Last week I reviewed Kauai Real Estate 2019 vs 2020 sales and this week I have the data for the other islands.  Island by island we can look at where they are at compared to this same time last year.

On Oahu residential homes Median Price was up 13.3% to $880,000 in 2020 compared to $777,000 in 2019.  The number of sales in September was up 12.7%.
The median price of a condominium in September was $445,000, which was unchanged from a year ago. Sales of condos declined by 2.1% from last year.
The president of the Honolulu Board of Realtors stated “The spike in demand for single-family homes may correlate to buyers’ pursuing a different quality of life and a new environment following the sharp shift in people working from home.   Ultimately, the Covid-19 pandemic has changed how buyers think about purchasing a home, causing them to reevaluate their housing goals and priorities.”

Maui residential sales Median Price is up 4% to $775,000 from 2019 when it was at $745,000.  The number of homes sold is down by 11.1%.
The number of condos sold year-to-date was down by 24.3% through the end of September, while the year-to-date median price rose 8.1% to $560,000, from $518,000 during the same period last year.

On the Big Island of Hawaii the Median Price of for homes rose 3.95% to $395,000 from $380,000 in September 2019. The number of sales was up slightly at 1.05% for a total of 1,821 homes sold in 2020 compared to 1,802 in 2019.
Year-to-date sales for condominiums dropped 25.8% from the same period in 2019.  489 condos have been sold YTD compared to 659 this same time last year.  The Median Price for condos is up 5.91% at $385,000 compare to $363,500 at the end of September in 2019.

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