Kauai Real Estate, National Real Estate Update, New Grocery Store In Kilauea

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

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Just Listed! Take advantage of this opportunity own over 21,000 square feet of vacant land located within easy biking distance to Poipu Beach and Old Koloa Town. Click on the photo for full listing details and call Lynda Gill CRS, RS 808-346-0056

Kauai Real Estate Report 
For a complete list of the real estate activity island wide for the last week on the island of Kauai click here: Kauai Real Estate Update October 22 to 28, 2018

Poipu Beach Real Estate Report- I Just Listed a vacant lot near Old Koloa town and Poipu Beach that is over 21,000 square feet.  A water meter has just been installed and the Seller has expired plans for a sweet 2 bedroom 2 bath home.  Contact me for details.  For all of the real estate activity in Poipu Beach since January 1 of this year click here: Poipu Beach Current Market Analysis

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Price Reduced to $279,000 (LH). Click on the photo for a property tour and call listing agent Lynda Gill CRS, RS at 808-346-0056 for additional information.

Kiahuna Plantation Real Estate Report- Price reduction on Kiahuna Plantation #143. This 1 bedroom 1 bath unit has the unique distinction of being one of only 5 units in the resort with its very own private entry!  This unit has also been extensively renovated and has built in rental income.  Visit this properties website for stunning photos and call me for more information.  For Kiahuna Plantation real estate information since the first of the year click here: Kiahuna Plantation Current Market Analysis.

Facebook Owner Mark Zuckerberg Spends $33.3 Million On Kauai Land
Facebook CEO Mark Zuckerberg acquired 89 acres of land from his next door neighbor to add to his existing 700 acres in an area on the North Shore known as Pilaa.
Zuckerberg had come under fire early last year for quiet title lawsuit actions against the owners of other kuleana lands. He published an apology in the Garden Island Newspaper and announced that he would drop the lawsuits in February of 2017.

New Upscale Grocery Store Kilauea Lighthouse Village
Construction has begun for the 12,700-square-foot Kilauea Market + Café in the Kilauea Lighthouse Village on Kauai, a new grocery-restaurant hybrid.  The Kilauea Market + Café will anchor the 43,000-square-foot Kilauea Lighthouse Village, a neighborhood center in historic Kilauea Town, which is under construction and expected to be completed by the end of the year.   The store will feature specialty, gourmet and traditional grocery items, as well as a coffee bar, an in-store dining and seating area, and made-to-order foods from an in-store kitchen.

Other Kilauea Lighthouse Village tenants expected to open in the first half of 2019 include Island Soap & Candleworks; Kai Bar Coffee Roasters; Kauai North Shore Animal Clinic, a full-service veterinary practice focusing on small animals; Wailua Shave Ice; and Wyland Galleries.

Kauai Gains In Hotel RevPAR
For the month of September the island of Kauai reported gains in their RevPAR while the Big Island continues to struggle.
Statewide hotel RevPAR for the first three quarters rose 6.1% to $225, led by a 12.3% increase on Kauai to $277. Statewide ADR increased 5.7% to $278, while occupancy increased 0.3 percentage points to 81%.

Hotels on Hawaii’s Big Island experienced losses for the fourth consecutive month, reporting a 12.5% drop in revenue per available room to $122 in September. Oahu, Maui and Kauai reported gains in RevPAR and ADR in September. Statewide RevPAR last month increased 2.6% to $186, ADR increased 4.5% to $242 and occupancy decreased 1.4% points to 76.9%.

National Real Estate Report
On a national level pending home sales rose slightly in September and saw substantial increases in both the West and Midwest.

The Pending Home Sales Index, a forward-looking indicator based on contract signings, increased 0.5% to 104.6 in September from 104.1 in August. However, year-over-year, contract signings dropped 1.0%, making this the ninth straight month of annual decreases, Lawrence Yun, NAR chief economist, says that even though we are still seeing year-over-year declines, the latest monthly increase is a good, stabilizing trend. “This shows that buyers are out there on the sidelines, waiting to jump in once more inventory becomes available and the price is right,” he said.

Yun continues to point to the lack of inventory of moderately priced homes and affordability as factors restraining the housing market but when viewed through the lens of the last few decades, the current affordability climate is still favorable. “When compared to the year 2000, when the housing market was considered very healthy and home sales figures were roughly equivalent, the affordability conditions were much lower compared to now. So even though affordability has been falling recently, the demand for housing should remain steady.”

Yun pointed to year-over-year increases in active listings to illustrate a potential rise in inventory in these areas: Denver-Aurora-Lakewood, Colo., Columbus, Ohio, Seattle-Tacoma-Bellevue, Wash., San Diego-Carlsbad, Calif., and San Francisco-Oakland-Hayward, Calif. saw the largest increase in active listings in September compared to a year ago.

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