Kauai Real Estate, Koloa Gardens Sold, Hawaiian Airlines Extends Kauai Route

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

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SOLD! My Sellers did the most exquisite remodeling work on this 1 bedroom 1 bath fee simple condominium located in Poipu Beach. It paid off too! The list price was $359,000 and it sold for $350,000! Click for a video tour.

Kauai Real Estate Update 
For a complete list of what sold, went into escrow and the new listings island for last week click here; Kauai Real Estate Update April 24 to 30, 2017

Koloa Gardens #15 SOLD! My Sellers did one of the nicest upgrades I have ever seen, this condo looked like it jumped off the pages of Architectural Digest Magazine. No wonder it sold quickly and so close to asking! For a complete list of all the fee simple activity in Poipu Beach click here; Poipu Beach Current Market Analsis

I just SOLD unit #409 at the Kiahuna Plantation. Granite countertops and cupboard upgrades are just some of the features this condo offered. For all you need to know about Kiahuna Plantation real estate click on my page for this project; Kiahuna Plantation Current Market Analysis.

Hawaiian Airlines Extends Kauai to LA Route

Great news for our island!!! Hawaiian Airlines is extending its nonstop summer flights between Los Angeles and Kauai to be offered year-round starting on May 26 due to consistently strong demand.  Starting the same weekend, the airline is also resuming seasonal service between Los Angeles and Kona on the Big Island.

As part of its summer schedule, Hawaiian is returning its nonstop daily flights between Oakland and Kauai from May 27 through Sept. 4.

….And More Hawaiian Airline News……

Hawaiian Airlines recently announced that it will be connecting the Islands with South Africa through an interline agreement with South African Airways, a strategy that allows passengers to travel on multiple airlines with one itinerary.
This agreement is the first partnership with a carrier from Africa, this will help expand the airline’s customer reach as well as increasing utility to passengers.
Interline agreements are different from code sharing, which is a strategy that also aims to connect customers to areas that are not yet serviced by the airline through partnerships. However, with code sharing, a passenger purchases their ticket through one airline for a flight that is serviced by another airline.

St. Regis For Sale
The gigantic pension plan that serves Los Angeles County government employees is putting up for sale the St. Regis Princeville Resort and Makai Golf Club in Princeville, which have been part of the fund’s assets since 2005.
The decision has major financial and other ramifications for the north shore of Kauai. The hotel, which originally opened in 1979 as the Princeville Resort, has 252 rooms — the largest on the North Shore — and employs about 600 island residents.
The Los Angeles County Employee Retirement Association (LACERA) acknowledged last week that the hotel and golf course properties are going on the market — the first official confirmation from the actual owner of the real estate that a sale may be impending. The hotel covers 23 oceanfront acres and the golf course 290 acres.
The confirmation comes after months of rumors and speculation among St. Regis employees, where the grapevine apparently reflects a consensus that the hotel may close as early as next month for renovation before takeover by another hospitality industry conglomerate.

Kauai Year To Date Real Estate Update

Where prices are up the number of sales are down and where sales are down the number of sales are up. The Kiahuna Plantation in Poipu Beach skewed the market by a large margin; since this is a leasehold property (meaning you don’t own the land) the prices are a fraction of what most condominiums sell for. This complex is experiencing a huge uptick in the number of sales; 6 YTD 2016 to 18 YTD 2017. These lower priced condos have given a big bump in the number of sales but has dropped the Median Price by almost 50%.

If you would like a more detailed look at your area of interest contact me.  Click on the picture below for more information.

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