Kauai Real Estate, Poipu Beach Real Estate

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

Kauai Real Estate Update  To find out everything that sold, went into escrow and the new listings island wide for last week on the entire island of Kauai, click here; Kauai Real Estate Update August 14 to 20

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Enjoy a video of the beach at sunset by clicking on this photo. This was shot at 6:30 on Sunday evening after a hot day, folks were still enjoying the ocean!

It’s been hot here this weekend so I took my power walk on Sunday evening. This video I took in front of the Marriott Waiohai in Poipu Beach. There were a lot of people at the beach and in the water, with the sun setting in the background it was so gorgeous! I’ve included a video of it here. To find out what has been happening in the Fee Simple Poipu Beach Real Estate Market since January 1 of this year click here; Poipu Beach Current Market Analysis

For a complete list of what is on the market, what is in escrow and what has sold at the Kiahuna Plantation since January 1 of this year click here; Kiahuna Plantation Current Market Analysis

Two Proposed Options For Kauai Solar Users

Kauai Island Utility Cooperative filed a proposal with the Public Utilities Commission to provide their customers with two new options for credit when installing a solar system. Currently 3,700 Kauai homes or businesses have a PV system.
The customer self-supply program would allow customers to install a solar photovoltaic system or a PV system connected to a battery storage system to offset some or all of their energy needs, the utility said. However, customers would not be allowed to export excess energy back to the gird.
The smart expert program on the other hand provides customers with the opportunity to get compensated for sending excess energy back to the grid during times when KIUC deems it valuable – meaning when there is high energy demand.

Year To Date 2017 Mortgage Report

The data is in for the Year To Date Lender Reports for all of the Hawaiian Islands.  I have some charts that show the subject data below.  These charts were provided by Old Republic Title Company.

This chart shows the mortgage rate history.   Surprisingly the 30 year fixed rates are slightly lower than they were 1 year ago. 15 year fixed are about the same from last year but the 5/1 ARM is slightly higher.<img src=”image.gif” alt="hawaiimortgagerates“/>

An about face has occurred on Kauai with refinance and resale loans. (A “resale” loan is one that is done on an already built condominium or home). Clearly the refinance boom is winding down, a year ago refinance loans were just about double what resale loans were, now there are more resale loans than refinance.

New construction and New home loans were miniscule as were REO (bank owned) loans. All this due to the lack of inventory within these sectors.<img src=”image.gif” alt="hawaiimortgagerates“/>

On the island of Kauai First Mortgage Loans continue to out pace cash sales.  Transaction volume is lower and that is due to the prices being higher than they were last year.

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