Kauai Real Estate Update- For a complete update on the property that Sold, were Just Listed and those that went into Escrow last week on the island of Kauai click here: Kauai Real Estate Activity November 23-29, 2020
Poipu Beach Real Estate Update- I just listed a gorgeous Plantation Style home in Poipu Aina Estates. This single level 3 Bedroom 3 Bath residence is located on 2.58 acres of pastoral land, with stunning Mt. Haupu views to the North-East and a peek of horizon ocean views to the south. The home’s floor plan is designed for comfort and functionality with a 9-foot lauhala covered living room ceiling giving this home a touch of dramatic flair. Additionally this home has Guest House rights. List price: $2,000,000. If you would like to take a virtual walk through click here: 1698 Poipu Aina Virtual Walk Through.
My Poipu Beach Real Estate page has been updated to give you all the fee simple real estate activity since January 1 of this year, click here: Poipu Beach Current Market Analysis
Kiahuna Plantation Real Estate Update- For a complete update on the Kiahuna Plantation real estate click here: Kiahuna Plantation Current Market Analysis
Kauai Mayor Opts Out Of Pre Testing For Arrivals
Starting December 3rd at 12:01 a.m. our Mayor got the approval from the Governor of Hawaii to temporarily pause the Safe Travels program for Kauai. Since October 15 travelers from the mainland and other islands have been able to bypass the 14 day quarantine with a negative COVID test taken 72 hours before arrival.
Kauai has the fewest ICU beds in the state and the spike in COVID cases has Kauai officials concerned. From March to Oct. 14, the county recorded 61 cases. From October 15 to November 29 the county has recorded 62 coronavirus cases. Eight of these has have been attributed to community transmission and 49 linked to travel.
The timeframe on how long this pausing of participating in the program is not known, we only know it’s until they get the spike in cases under control. This also impacts residents and tourists alike, also applies to interisland travel.
Known as “Rule 23” you can read it in full here: Kauai Temporary Pause In Travel Program, Rule 23
Honolulu Joins With Airbnb, Expedia and VRBO Against Illegal Rentals
The City of Honolulu signed last week with online travel bookings companies to help crack down on illegal rentals.
Kauai had signed a similar agreement in June of this year. In the agreement that Kauai signed the online booking sites, which are largely popular with mainland condominium and vacation rental homeowners here on Kauai, the sites must list the properties TMK numbers. This makes it easier for County officials to track which homes/condos are not legal vacation rentals.
The agreement that Honolulu’s Mayor Kirk Caldwell signed is pretty much the same and with the same companies. Previously Honolulu had made the penalties of illegal rentals stricter in their signing of Bill 89.
Under this new agreement Airbnb and Expedia Group will notify their hosts of the new rule and will remove listings that do not update their account to include their TMK information. They also agreed to provide monthly reports to the city of Honolulu.
Airbnb Regional Policy Lead Matt Middlebrook stated: that it “felt like it was in everybody’s interest to get together and identify clear rules. The agreement ensures that legal rentals are able to operate and get their permits smoothly,” and “gives the city useful tools to be able to identify illegal rentals.”
Ele’ele Affordable Housing Project Breaks Ground
There will be a new affordable housing project in Ele’ele called “Lima Ola”. Ele’ele is near Hanapepe on the South side of the island. The project will cover 75 acres of land and will eventually have 550 homes, phase 1 broke ground and will consist of the first 150 homes.
Earthworks Pacific Inc. is the contractor for the homes which will be completed in 2022, details on this project are available on their website: www.LimaOlaKauai.net or you can call 808-241-4444
Kauai Real Estate Year To Date 2019 vs 2020
The year 2020 is coming to a close and what a year it’s been, and continues to be, for our real estate market. The trend that we’ve been seeing this year continues: Residential home prices continue to climb and the number of sales are down given the lack of inventory.
The condominium prices are down except for the residential condos in Lihue. The number of sales are down as well.
The number of Land sales are down with the exception of the North Shore where the number of sales are up but prices are down with the exception of Lihue where it’s up 42%, this number is skewed because it’s based on the total number of sales in that area for this year which is only 5.
The chart below is a general representation and the breakdown is specific to three areas on Kauai. Please contact me for information on your specific area of interest.