Kauai Real Estate Update, Oahu-Maui-Big Island Real Estate Comparison

Kauai Real Estate SOLD and NEW listings Island Wide! Comments Off on Kauai Real Estate Update, Oahu-Maui-Big Island Real Estate Comparison

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

I just listed Poipu Kapili #46 and this is not your ordinary condominium! This is a one bedroom condo that lives like a two bedroom and is located on the second floor with elevator access. With almost 1100 square feet of living space this one bedroom 2 bathroom condominium has enough room to comfortably accommodate 4 people. $748,000 (FS) Click for a live action video!

Kauai Real Estate Update 

For a complete list of everything that sold, went into escrow and the new listings island wide for last week click here: Kauai Real Estate Update February 5 to February 11, 2018

Ocean View Poipu Kapili Just Listed! Priced at $748,000 this is the lowest priced unit on the market at Poipu Kapili. This one bedroom condominium has 1,100 square feet and two bathrooms plus elevator access! For a complete update on all things fee simple in Poipu Beach click here: Poipu Beach Current Market Analysis

Two Kiahuna units SOLD! Our office listed and sold unit #94 which closed escrow for $49,000 (LH) and #109 for $44,500 (LH). To find out all the latest news on this resort click here for that information: Kiahuna Plantation Current Market Analysis

Favorite Candy In Hawaii For Valentines Day <img src=”image.gif” alt="hawaiirealestate“/>
The question was asked: State by State what is the favorite candy for Valentines day? CandyStore.com is the leading bulk candy store and after going through 10 years of their sales data here’s what the results are:

Hawaii: Conversation Hearts! Hawaiian’s love them and will purchase 38,000 plus pounds of them to give to their sweethearts.

Couldn’t resist looking in on some other states….
California: Conversation Hearts 513,000 pounds given out this year!
Oregon: Chocolate Roses 32,000 pounds of it
Washington: Box Of Chocolates to the tune of 80,000 pounds
Alaska: Heart Shaped Box Of Chocolates

Oahu, Maui and Big Island Real Estate 2018 to 2017 Comparison

Last week I did a Kauai real estate 2017 to 2018 end of January comparison and this week I have the data for the other islands. Let’s see how they are doing for the first month of 2018 compared to last year.

On Oahu the number of single-family homes sold rose to 252 sales, an increase of 2% from 247 homes sold in January 2017, while the median price was a 5.8% increase from $730,000 in January 2017.
The number of condos sold on Oahu dipped 1.1% to 374 units, from 378 units sold In January last year. The median price rose 13.2% from $380,000 last year.
Oahu’s Real Estate Board President stated “The first months of a new year are traditionally a slower time for housing sales on Oahu, so it’s encouraging to see a slight increase in January sales for single-family homes. What’s especially notable is the jump in the median sales price, which set a new record for condominiums. It’s a strong indication that the demand for housing is still very high, but limited inventory continues to be a challenge for potential homebuyers.”

The Median price of a single-family home on Maui in January was $673,000, an increase of 2.7% from $655,000 in January 2017.  Sales of single-family homes rose by 10.7% to 72 homes sold, from 65 sold in January 2017.
The number of condos sold on Maui in January rose 25% to 120 units sold, compared to 96 sold during the same month a year ago. The median price of a Maui condo in January, however, declined by 6% to $505,125, from $537,500 in January 2017.

The Median price of a single-family home on the Big Island in January was $327,000, which was 5% less than the median price in January 2017, which was $344,500. There were 170 sales of single-family homes last month, compared to 152 sales during the same month a year ago.
The number of condos sold declined by 5.2% to 55 units sold, from 58 sold in January 2017. However, the Median price of a Big Island condo rose by 5% to $347,000 in January, from $330,500 during the same month in 2017.

Cost-U-Less In Kapaa To Close
After being on Kauai for 25 years Cost-U-Less is closing. The grocer employs 21 people in its warehouse-style store, which sells local and US-branded goods such as produce, meat, packaged foods and household products.

Before there was a Costco there was Cost-U-Less and my husband and I used to make the trek to Kapaa to do our bulk shopping before Costco built their store in Lihue which is much closer to us. I’ve thought of Cost-U-Less as the big box chain that “goes where no man has gone before”.  Cost-U-Less, a division of The North West Company, consists of 12 mid-sized stores in US Territories, Hawaiian Islands, South Pacific, Caribbean and California. Cost-U-Less opened its first retail warehouse store in 1989 on Maui. The company expanded to relatively remote island locations, like Guam, then Hilo in August 1992. Its most recent store opened in Barbados in February 2013.

I hate to see this store close, it’s much easier to access Cost-U-Less for North Shore people as the drive through Kapaa becomes more and more of a challenge. But the store has been struggling in recent years and I would guess Costco was the main driver for that.

Syngenta To Pay $150K to EPA
The U.S. Environmental Protection Agency has reached a settlement with Syngenta Seeds to resolve violations of federal pesticide regulations at its farm in Kekaha, Kauai.

As part of the settlement, Syngenta, a subsidiary of Syngenta AG, will pay a civil penalty of $150,000, as well as spend $400,000 on 11 worker protection training sessions for growers in Hawaii, Guam and the Northern Mariana Islands.
The EPA found that in two separate incidents Syngenta failed to notify workers verbally and with signage to avoid fields recently treated with pesticides, resulting in exposure and hospitalization of workers.
In addition, the environmental agency found Syngenta failed to provide both adequate decontamination supplies on-site and prompt transportation to a medical facility for exposed workers.

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