Kauai Real Estate Update, Hawaiian Airlines Adds Flight, Starwood Buys St. Regis

Kauai Real Estate SOLD and NEW listings Island Wide! Comments Off on Kauai Real Estate Update, Hawaiian Airlines Adds Flight, Starwood Buys St. Regis

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Kauai Real Estate 
This last week I was honored to be awarded the RE/MAX Hall Of Fame designation.  This came as a surprise to me (as you can see by the photo), I had NO idea of why I was asked to “come down to the office”.  The award is performance based and the only way it’s achieved is by clients choosing to work with me.  I work hard to be the best I can be and do the best I can every day but it comes down to the choices people make on who they are going to work with.  So… Thank YOU for this award!

For a complete list of the Just Listed properties, those that went into escrow and what Sold for last week on the island of Kauai click here: Kauai Real Estate Update September 10 to 17, 2018

Poipu Beach Real Estate- I’ve updated my Poipu Beach page to include all of the real estate activity since January 1 of this year. Click here for this information: Poipu Beach Real Estate Current Market Analysis

Kiahuna Plantation Real Estate-  Click here for the latest news on everything Kiahuna Plantation since January 1: Kiahuna Plantation Real Estate Current Market Analysis

Hawaiian Airlines Adding Boston Area Nonstop Service
Hawaiian Airlines on Friday said it is launching a new nonstop service to Boston in 2019. The new five-day-a-week service will launch on April 4 and be serviced by Hawaiian’s Airbus A330 aircraft, according to the airline.
Hawaiian is offering special roundtrip fares of $617 in the main cabin and $1,776 in first class featuring to celebrate the new service. With almost 5,100 miles, the new route between Honolulu and Boston will become the longest regularly scheduled domestic route in U.S. history.

Hawaii Named “Happiest State”
We knew that Hawaii is the “Happiest State” didn’t we? Now I guess it’s official. Personal-finance website WalletHub said it examined the 50 states across 31 key metrics, ranging from depression rate to sports participation rate to income growth, to determine happiness.

Hawaii topped the ranking with 68.27 out of a possible 100 points. In the three main categories of the report, the Aloha State ranked first in emotional and physical well-being; 30th in work environment; and fourth in community and environment. We were also in the top 5 in terms of the lowest adult depression and divorce rate. But….when it came to adequate sleep we ranked last. Either people are working 3 jobs or they are enjoy Hawaii too much to sleep.

For Happiest State second and third place went to Utah and Minnesota, respectively.

The least happiest state in the U.S. is West Virginia. Sorry about that.

St. Regis In Princeville Identity Of Buyer Confirmed
The sale of the St. Regis Princeville Resort and the nearby Makai Golf Club to Starwood Capital Group were confirmed early Friday by a consultant handling the transaction for the large pension fund that currently owns the property.  The transaction is set to close in November.  Starwood has not officially confirmed that they are buying the property but on Thursday many of the employees reported getting letters saying that Starwood is the buyer.
The speculated purchase price is $225 million, Starwood Capital has been developing an ultra-exclusive new brand called “1 Hotels.” It has been on an acquisition spree, with four new locations announced this year, and properties in West Hollywood, Calif.; Cabo San Lucas, Mexico; Sunnyvale, Calif.; and Sanya, China, reportedly in development.  The hotel covers 23 acres that front Hanalei Bay. The nearby golf course covers 290 acres of prime Princeville land.

Home Price Expectations Verses Reality
What will a home will be worth in the future?  Who knows, right?  However this hindsight question does not prevent those at CoreLogic from attempting to answer.  The chart below shows the forecasted year-over-year prices for 2018 that were made in 2017.  The average appreciation over the course of 2018 should be 4.8%, which is still greater than the ‘normal’ appreciation of 3.6%.  The graph below shows the layer of the actual price appreciation that has occurred this year, we can see that over the course of 2018, home prices have appreciated by an average of 6.9% and have outpaced projections all year.

Obviously this information is hugely general and may not apply to your particular area of interest.  What is universal is the overall consumer confidence and outlook when it comes to buying property.
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