Kauai Real Estate, Pier One Kauai To Close, Oahu-Maui-Big Island Real Estate

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

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Kauai Real Estate Update 

In Escrow!  I successfully negotiated an offer for my Sellers on their Kalaheo home that has a perfect floor plan for an adult kid lockout or a place to let the parents live with you but have their own space.  The home has been lovingly taken care of by the same owners since the 1970’s.  List price $795,000.  We’re accepting back ups, give me a call for more information.
To find out what Sold, was Just Listed and what went Under Contract this last week island wide click here: Kauai Real Estate December 2 to 8, 2019

Poipu Beach Real Estate Update– It’s a bit quiet here right now but that is the calm before the storm.  We’ll be starting our busy season soon.  If you are looking to buy now would be the time to do so.  For a complete list on the Fee Simple real estate activity since January 1 click here: Poipu Beach Current Market Analysis

Kiahuna Plantation Real Estate Update- My Kiahuna Plantation page has been updated, click here to access this information: Kiahuna Plantation Current Market Analysis

Pier One In Lihue To Close
Pier 1 Imports will close all seven of its stores in Hawaii, including the one in Lihue which is in the old Borders Book Store location.  I really thought this store would make it here!
The only reason given was: “As part of a strategic business decision, our stores in Hawaii will be closing in early 2020, though exact timing will vary for each location.  Our stores are currently undergoing a store closing sale that will continue while merchandise is sold.”

The company has removed the Hawaii stores from its website.

Hawaii Drops To #3 Healthiest State
After having the top spot for “Healthiest State” for the last three years Hawaii dropped to #3.
Here is where Hawaii excelled:

Hawaii’s health-related strengths included low rates of cancer deaths, a low prevalence of obesity and a low percentage of uninsured population.

Areas where Hawaii fell short:
High prevalence of excessive drinking, a low percentage of Tdap immunization coverage (Whopping Cough) among teenagers, and a lower percentage of high school graduations.
For the last 30 years Hawaii has always been in the top 5.  Some pluses on the report were that Hawaii ranked No.1 in the senior health category and No. 14 in the women and children’s health category. The Islands also saw a 41% decrease in air pollution since 2013, and a 9% increase in mental health providers in the past two years.

Who won the Healthiest State?  Vermont
Least Healthiest? Mississippi.

2018 Verses 2019 Oahu, Maui and Big Island Real Estate
Last week we looked at the Year To Date Kauai real estate numbers comparing 2018 to 2019.  Now lets take a look at Oahu, Maui and the Big Island to see how they are doing this year.

On Oahu Year-to-date sales of single-family homes were about 4% higher than a year ago, while sales of condos were down about 5% and prices were flat.  There were 3,441 single-family homes sold in the first 11 months of the year, which was 2.7% more than the 3,350 homes that sold during the same period last year. The year-to-date median price for a single-family home was $785,000, which was 0.6% less than the median price for the same period last year, which was $790,000.
The year-to-date median price of a condo was unchanged at $425,000, but sales through the first 11 months of the year declined 4.9% to 4,980 units sold, down from 5,239 units sold during the same period last year.

On Maui show sales and prices of single-family homes posting gains over the first 11 months of 2018.  The median price of a single-family home on Maui through the end of November was $743,000, which was a 4.3% increase from $712,175 during the same period last year. That was based on sales of 1,451 homes, which was a 2% increase from 1,422 homes sold during the first 11 months of 2018.
Year-to-date sales of condominiums, however, declined by 3.5% to 1,482 units sold, from 1,535 units sold during the first 11 months of last year. The median condo price during that period rose 3.1% to $515,500, from $500,000.

Big Island Median price of a single-family home through the first 11 months of the year was $380,000, a 7.04% increase from $355,000 last year, compared to the same period a year ago, while the number of sales increased 2.88% to 2,215, from 2,153 last year.
For condos, the year-to-date median price was $364,250, an increase of 4.07% from $350,000 last year. The number of sales through the end of November increased 4.37% to 788 units sold, from 755 units sold during the same period last year.

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