Kauai Real Estate, Honolulu Least Stressful Airport, Kauai Real Estate 2018 Compared to 2019

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

Kauai Real Estate Update
For a list of everything that Sold, was Just Listed and those that went Under Contract for last week on the island of Kauai click here: Kauai Real Estate Market November 25 to December 1, 2019

Poipu Beach Real Estate Update- To find out everything that has gone on since January of this year in the Fee Simple market in Poipu click here: Poipu Beach Current Market Analysis

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

In Escrow! Unit #119 is owned by the bank and I successfully negotiated a sale for my buyers. Click on this photo for details on this listing and call me if you missed out on this one.

 Kiahuna Plantation Real Estate Update- In Escrow!  Kiahuna #119 listed at $104,000 (LH).  This is a unit that was foreclosed on and it’s in really great condition.  Located in building #18 it’s a short walk to the beach that the Kiahuna is on.  My Buyers got this unit for a really good price, more on that later!
To get updated on all things Kiahuna click here: Kiahuna Plantation Current Market Analysis

Will It Happen?  Number Of Visitors Record On Track To Be Broken!
Hawaii is on track to have more than 10 million visitors in one year for the first time in history.  Hawaii Tourism Authority data showed there have been nearly 8.7 million visitors through October.  The figure is a 5.5% increase over the 8.2 million arrivals through the same period last year, when the state’s annual count was 9.9 million visitors.

The 800,448 tourists who visited Hawaii in October was an increase of nearly 37,000 during the same month last year. The 4.8% increase is part of a decade-long growth pattern.  The growth reflects more tourists traveling to the state from the U.S. mainland and countries including Japan and Canada, officials said.

Hawaiian Airlines Adds Honolulu to Fukuoka Japan Route
Hawaiian Airlines launched nonstop service between Honolulu and Fukuoka, Japan, with the first flight departing from Honolulu’s Daniel K. Inouye International Airport on Tuesday morning.   The service will feature four weekly flights between Honolulu and Fukuoka Airport. Hawaiian Airlines previously offered the same route, but had discontinued it in 2014.
With the Honolulu-Fukuoka route, the airline now has 35 weekly flights between Hawaii and Japan.

Honolulu Airport Least Stressful In USA
“InsureMyTrip” tracked 75 Airports in the United States and Honolulu’s Daniel K. Inouye Airport came in #1 for “Least Stressful” and this is based on the number of cancellations.  Given our weather I’d be surprised if we were not #1!  Maui was #2 on the list but Kauai and the Big Island were not included as a part of the survey but the did say that “Hawaii Airports are considered less stressful”.
Honolulu’s International amount of cancelations — just 0.36% of all flights — so far this year, followed by the Kahului Airport on Maui with 0.40% of flights getting canceled and Salt Lake City International with 0.48.

The most stressful airports were Chicago Midway International, with the highest percentage of cancelations this year at 4.58%, followed by Chicago O’Hare International at 3.88% and William P Hobby in Houston, Texas at 3.79%.

Kauai Real Estate 2018 Compared To 2019 Year To Date
With November over the numbers are in for us to compare our Kauai Year To Date real estate sales compared to this same time last year.
Two significant events have happened to impact these numbers:

  • The 2018 storms that devastated the North Shore severely impacted their real estate. Rebuilding is happening and not the record breaking sales that they were having.  The number of sales are significantly down on the North Shore and this will impact the numbers for the entire island.
  • Softening of the high-end market. Homes north of $3 million the market starts to significantly soften due to a higher amount of inventory.

The South Shore market has fared well due to some of those North Shore higher end buyers turning to the south shore for inventory.  The number of our Residential Home sales is down less than 1% while the North Shore is down 25%.  Our condos down less than 5% and the North Shore almost 15%.  The same trend shows in the Median Price.
Below is a graph of the market stats.  Call me to find out how this information relates to your particular area of interest.

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

Comments are closed.

Site by Thinkingman.com
News Feed Comment Feed Log in