Kauai Real Estate, April Housing Stats, Loan Rates

Kauai Real Estate SOLD and NEW listings Island Wide! Comments Off on Kauai Real Estate, April Housing Stats, Loan Rates

Kauai Real Estate
For a complete list of the properties that were Just Listed, Sold or went into Escrow this last week on the island click here: Kauai Real Estate Update May 13 to 19, 2019.

Poipu Beach Real Estate Update- For a complete list of all the real estate activity since January 1 of this year for the fee simple market in Poipu Beach click here: Poipu Beach Current Market Analysis

Kiahuna Plantation Real Estate Update- Get updated on all things Kiahuna Plantation by clicking on this link: Kiahuna Plantation Current Market Analysis

Koloa Village In Old Koloa Town 

Koloa Village from Lynda Gill on Vimeo.

 

The vision for this project goes back to 2004 right before the big boom, before the Shops At Kukui’ula were built.  This site is on the corner of Koloa and Weliweli, right across from the Candle Shop in Old Koloa Town.  As you are driving to Big Save from Poipu it’ll be on the right hand side.  It was a collection of super old plantation homes that got moved to the site and were being rented out.  The homes were pretty sad looking and the whole site itself was weedy and run down.
Fast forward several developers and 15 years later and it’s now actually taking shape as “Koloa Village”.  This will be a multi use project with retail shops, restaurants, office space, a farmers market along with residential living.  The current developer has done $1.4 million dollars of infrastructure work which includes acquiring land to widen the road shoulders, construction of pedestrian/bikeways sidewalks and diagonal and parallel street parking.  There will be 300 Shopping Village parking spaces and the Koloa Neighborhood Center is allowed to use designated parking stalls in the Village when large parties or meetings are scheduled there.

Vertical construction will start on June 1 and will take a year to complete.  There will be residential living with one and two bedroom bungalows from 800 to 1050 square feet and these apartments will be available after the shops open, sometime in the later part of 2020.

I’ve done a video tour of the site and you can give me a call to discuss further.

US and China Uncertainty Helps Home Loan Rates
At the moment, there is no resolution and it appears there will be no resolution for at least several weeks as the US and China are not expected to talk again until the G-20 Summit June 28-29.

The uncertainty surrounding the talks helped home loan rates improve this week.  The current 30 year fixed rate as of May 15 is at 4.25% which is the lowest since 3/27/19.

April Housing Stats
In housing news, April Housing Starts and Building Permits came in higher than expectations, providing further evidence of confidence in the sector.  The backdrop to housing could not be much better. The economy is strong and home loan rates are historically low. Today presents an incredible window to consider buying or refinancing a home.

The week will be holiday-shortened with the Bond markets closing early at 2pm ET on Friday heading into the unofficial kickoff of summer, Memorial Day weekend. The stock markets will undergo a full session on Friday.

Below is a graph of the housing stats.  April is the second to the highest month since January of this year.

<img src=”image.gif” alt="housingstatsapril2019“/>

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