Kauai Real Estate, Poipu Beach Real Estate, Kiahuna Plantation Real Estate

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

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Ocean Front Kiahuna Plantation #197 in escrow.  Listed at $650,000 (LH) this 1 bedroom 1 bath upgraded condominium has ocean views that go on forever! Corner unit located in building 31, great airflow.  Click on video to take a panoramic tour of the view from this unit. Call Lynda Gill (RS) if you missed out on this one. 808-346-0056

Kauai Real Estate Update 

For a complete list of what sold, went into escrow and the new listings island wide for last week click here; Kauai Real Estate week of August 7 to 13, 2017

Poipu Beach Real Estate; what has been happing in fee simple real estate on Poipu Beach since the beginning of the year? Find out here; Poipu Beach Real Estate Current Market Analysis

Last week I brought in the buyer for a gorgeous oceanfront unit at the Kiahuna Plantation. The view from this unit is stunning, so much so that I took a panoramic video of it. Listing price; $650,000 (LH) To access all of the real estate activity since January 1 of this year at the resort click here; Kiahuna Plantation Current Market Analysis

Oahu, Maui and Big Island Real Estate Figures

Last week I posted the Kauai real estate figures compared to the same time last year, this week I’ll post the Year To Date Real Estate Figures for Oahu, Maui and the Big Island.

On Oahu Year-to-date prices for single-family homes are up 2.7% to $750,000 while sales are up 3.6% to 2,124. Condominium year-to-date prices are up 3.9% to $400,000 while sales are up 4.2% to 3,272.

On Maui the number of single-family homes sold is up by 2% to 647 sold TYD compared to 627 last year. The Median price is $705,000 which is 13% higher than this same time last year.
The number of Condo sales increased by 7% to 813 units sold which is 56 more than last year. The Median price went up 8% to $694,174.

Big Island single-family homes sales were up 5.32% from this same time last year. By the end of July in 2016 1,371 homes were sold compared to 1,444 in 2017. Median price was up 5.75% from $321,500 in 2016 to $340,000 in 2017.
Condominium sales did even better going from 413 sales to 516 in 2017, a gain of 24.94%. The Median price was up from 2016’s average of $300,000 to $321,000 in 2017 a gain of 7%.

Hawaiian Telcom Undersea Cable System Major Upgrade

Impacting all of the islands is Hawaiian Tel’s $250 million dollar investment in their fiber cable system. Hawaiian Telcom said the SEA-US cable will provide an initial 20 terabits per second of capacity from Manado, Indonesia, through Oahu, ending at Hermosa Beach, California
There are 7 investors that contributed to the $250 millions and they include; Hawaiian Telcom, Globe Telecom of the Philippines, GTA of Guam, Los Angeles-based GTI, San Francisco-based RTI, Telin of Indonesia and Telkom USA of Los Angeles.
To help with the massive investment Hawaiian Tel has been offering bandwidth directly to carriers and capacity sales have already exceeded its investment in the cable, adding it has access to additional capacity to further monetize.

Move Over United Airlines, Alaska Air Becoming #1

United Airlines has been the number one carrier with the most routes to Hawaii for many years but they stand to lose their spot. When Alaska Airlines merged with Virgiin America last year they became the airline with the most non-stop routes to Hawaii.
Alaska Air is the fifth largest carrier in the US flying over 40 million passengers a year. They average 26 daily nonstop flights from Hawaii to the West Coast and they have 25% of the total market share.
WiFi on the flights! Alaska Airlines will be putting in wifi on all of it’s airplanes starting at the end of 2017 and they expect to be completed by the end of 2019.

Billionaire Larry Ellison To Transform Agriculture

Larry Ellison bought 98% of the island of Lanai for $300 million in 2012 and has since made some significant upgrades. He’s obviously just getting started.
So far he has spent $75 million in renovations to the Lodge at Koele to transform the resort into a wellness retreat. He next plans to transform agriculture, as we know it by growing fresh produce by way of automated hydroponic cultivation inside a $15 million dollar greenhouse operation that will include; 10 greenhouses each measuring 20,000 square feet.
He plans to rely on renewable energy to grow tomatoes, lettuces, cucumbers and herbs that will result in the “highest-quality food at the lowest prices” grown on the island whose land was once primarily used as a pineapple plantation.

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