Kauai Real Estate, Hanalei & Lihue Protests, Oahu-Maui-Big Island Real Estate

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

Kauai Real Estate Activity

In Escrow!  My listing at Halelani is a completely renovated 2-bedroom 2-bath Unit that went into escrow but we are accepting back up offers.  This complex has low association dues and this particular unit is being sold furnished, you just need your toothbrush.  Contact me for more information.
For a complete list on all the real estate activity on the island for last week click here: Kauai Real Estate Activity June 1 to the 7th.

Poipu Beach Real Estate- To get all of the real estate activity for the fee simple market in Poipu Beach click here: Poipu Beach Fee Simple Current Market Analysis

Kiahuna Plantation Real Estate- I’ve updated my Kiahuna Plantation Real Estate page and to access that click here: Kiahuna Plantation Current Market Analysis

What We Know About Tourism Opening Up
A week ago I blogged about the Governor announcing opening of interisland travel on June 16 with the 14-day quarantine still in place.  The next day, June 2, 2020 the Governor issued a letter and there’s one section that addresses out of state travel, it reads “We also have been exploring multiple options to allow a reopening of out-of-state travel, including travel corridors and bubbles, screening and contact tracing. We have made excellent progress in our plans, and I hope to be announcing sometime next week an avenue for reopening out-of-state travel.”

I read this as there might be an announcement this week.  I’m watching for it daily and will send out a special email as soon as I get word.

Over One Third Of Sundays Air Arrivals Tourists
Despite having a 14 day quarantine visitors still continue to arrive and those numbers continue to climb.  I personally have heard from people that have said they’d rather ride out the pandemic here than at home.  Sheltering in place for 14 days so they can continue the rest of their time here sounds good to some.
On Sunday 1,891 people arrived to Hawaii.  At this same time last year there were around 30,000.  This graph is from the Hawaii Department of Tourism and you’ll see that Lihue is blank, that’s because this graph does not include interisland travel and right now there are no direct flights to Kauai.  To come here you’d need to quarantine for 14 days in Oahu and then another 14 days when you come here.  That second leg of quarantine will be gone as of June 16.

Graph of flight arrivals on June 7, 2020. From Hawaii Tourism Authority.

 Two Kauai Protests In Lihue and Hanalei
Last Saturday there were two protests happening on the East side and North Shore of Kauai for Black Lives Matter.
Miss Kauai Filipina organized a march in front of the County building on Rice street that drew more than 1,000 people.  Many of them wore masks and the protest was peaceful with no arrests made.  The Kauai Police showed their support and our Mayor and his wife showed up as well.  The video that I posted here was provided by Valerie Harjo of Guardian Lending, thank you Valerie for the use of this.
North Shore uniquely showed their support.  Around 300 people came together in canoes, on surf boards, stand up paddle boards and boogie boards to do a paddle out.  The Kauai Police Chief made a supportive speech to the group before he headed down to the Lihue protest.  The participants created a large circle and prayed before releasing flowered leis into the ocean.

Here in Poipu there was a small demonstration on Friday at the Poipu Roundabout with around 25 people.  All very peaceful and cars honked in support and the drivers threw shakas while driving by.

On Saturday there were marches happening all over the state, on Oahu they had over 10,000 people.  All of them were peaceful with no arrests being made.

Princeville Hotel Donates Furniture
The Princeville Hotel is undergoing a massive renovation and are teaming up with local non-profits to donate furniture and other items.  The groups included are Kaua‘i Habitat for Humanity, Hale Halawai ‘Ohana Hanalei, Women in Need, Kaua‘i United Way, Kaua‘i Humane Society, The Storybook Theatre of Kaua‘i, and a few charter schools.  Some items are being sold via Da Warehouse on Facebook and proceeds are being donated to nonprofit organizations.

The Princeville Resort renovation will begin later this month and will reopen in late 2021 and renamed “1 Hotel Hanalei Bay”.  It will be nature inspired with 252 rooms, a wellness center, 18,000 sq ft spa and fitness center.

Oahu, Maui and Big Island Real Estate May Sales
On Oahu 248 residential homes sold in the Month of May compared to 320 in May of 2019.  The Median Price however is up 3.5% to $797,000 compared to $770,000 in May of 2019.The number of condominiums sold dropped 51.2% to 254 units from 520 units sold a year ago, while the median price declined 4.4% to $399,000, from $417,500 last year.
The Realtors on Oahu stated they are seeing a steady increase in activity as the local economy starts to reopen.

On Maui the number of residential homes sold fell as well by 68.7% from the same month last year.  42 homes sold in Maui compared to 134 in May of 2019.  In keeping with the existing trend the Median price rose to $800,000 which is a 13.5% increase from last year.
54 condo units sold in May, a drop of 62.8% drop from 145 units sold in the same month last year. The median price of those condos was $680,000, which was an increase of 22.2% from $510,000.

The Big Island reported a 43.43% decline in homes sold.  In May 2020 there were 131 homes that sold compared to 232 in May of 2019.  Home prices were down which is not in keeping with the rest of the state, the Median Price was $370,000 compared to $413,000 last year.
Condo sales were also down by 63.29% to 29 condos sold compared to 79 in May 2019.  Median Price was down as well to $319,000 compared to $375,000 in May of 2019.

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