Kauai Real Estate and Local News Update

Kauai Real Estate SOLD and NEW listings Island Wide! Add comments

Christie’s Great Estates - Your Link to Distinctive Properties Worldwide
*****Kauai Home Sales up for April 2009*****

Kauai has some good Real Estate news to report; the number of homes sold island wide on Kauai was up and the median home price went up as well by 4%.  In April of 2008 the median price for a home was $575,000 and it’s now at $600,000.  Condos did not do as well here on the Garden Island, the number of sales is off by 3 and the median sales price is down by 47% from last year.  The island of Hawaii had a harder hit with the median sales price for condos dropping 53% and their home prices dropped as well by 38%.So how did we do last week?  For a list of what came on the market and what has sold CLICK HERE FOR SALES SPREADSHEET

*****Hawaii’s Governor Rally’s Public Support Against Tax Increase But Loses*****

Vowing to follow through on her pledge to veto the tax increase that was approved by our House and Senate Committees Governor Linda Lingle called for the public and hotels and business support via Webcam, radio and a public veto ceremony.  Lingle states that public employee labor costs could be an alternative way to balance the budget rather than the hike in hotel room tax from 7.25% to 9.25%, tax increase on those making over $150,000 annually and joint filers who make over $300,000, also higher taxes on the sale or transfer of real estate valued over 2 million.  But the Senate and House over rode her veto and starting next year these measures will go into effect. 

****Same Sex Marriage Bill Shelved*****

 On Thursday the state Senate officially shelved the Civil Union bill that would allow same sex couples to marry, the bill will be addressed again next year.  It was a long fight and emotions ran high on both sides of the issue.  Legislatures spent hours on internal and public debate on the bill but wound up amending it which means it will need to be reviewed by lawmakers in the next legislative session in January 2010.

*****Machete Fight Erupts on Kuhio Highway*****

During a traffic altercation two Kauai residents got out of their cars and pulled knives on each other at the intersection of Kuhio Highway and Kealia Beach.  The men were driving separate pickup trucks preparing to enter Kuhio Highway on the egress from Kealia Beach at 7 am.  They began arguing and one man attempted to flee in his car but wound up colliding with a minivan.  The other man left his car and crossed the street to the accident where the argument was resumed and machete like knives were pulled out.  Both men suffered some minor injuries and both men were taken by police to Wilcox Hospital.

*****Target Expands to the Big Island*****

300 people will be hired to work in the latest Target Store in Hawaii which will be located in Kona and is set to open in July.  The first Target store opened earlier this year in Oahu and the public has been beyond thrilled with the store.  Kauai people have travelled over exclusively to shop at the store which offers low prices and fashionable goods for home and fashion.    

*****Safeway Moves Forward With Puhi Store*****

Life will get a little easier for those Westside and Southshore residents who want to shop at Safeway.  The 40 minute (or more) ride to Kapaa will be no more when the 56,000 square foot “Safeway Lifestyle Store” will open on Kaumualii Highway in Puhi.  In addition to the new grocery store the company is talking with 14 different tenants that want to occupy the new Hokulei Village shopping center.  The store will employ up to 200 people and the center itself should generate 1,000 jobs.  No timetable was stated but the company made the announcement that the 23 acre commercial zoned parcel has been completed.

One Response to “Kauai Real Estate and Local News Update”

  1. Posts about Real Estate Market Reports as of May 12, 2009 | Real Estate Market Reports Says:

    […] Compared to March real estate statistices for Frederick, we’ve seen an increase in sales Kauai Real Estate and Local News Update – blogs.alohaliving.com 05/11/2009 *****Kauai Home Sales up for April 2009***** Kauai has some good […]

Leave a Reply

Site by Thinkingman.com
News Feed Comment Feed Log in