Kauai Real Estate, Poipu Crater Soon To Be Listed, Oahu-Maui-Big Island Real Estate Year To Date

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

Kauai Real Estate <img src=”image.gif” alt="poipucrater“/>
For a complete list of everything that has Sold, was Just Listed or went into escrow for last week on the island of Kauai click here: Kauai Real Estate Update August 3 to 9, 2020

Poipu Beach Real Estate Update- Coming Soon….You are getting a heads up on a new Poipu Crater listing that I’ll be putting on the market this week, currently there are no units for sale in this resort.  There are only 30 condominiums in this 7.5 acre complex and they don’t come up for sale that often, so this is quite the scoop!  Call me for more details.
For a complete list of all the fee simple real estate activity since January 1 of this year click here; Poipu Beach Current Market Analysis

Kiahuna Plantation Real Estate Update- My Kiahuna Plantation page has been updated with the latest news on this resort, click here to access that; Kiahuna Plantation Current Market Analysis

Partial Interisland Quarantine Instated
After discussions with the county Mayors of Kauai, the Big Island and Maui Governor Ige reinstated a partial interisland travel quarantine which goes into effect today, August 11.  It ends on August 31.
Those traveling to the outer islands are subject to a 14-day quarantine.  If people from the outer islands travel to Oahu no 14-day quarantine however going back to your island you would be subject to the quarantine.
This comes after a week of the number of new cases in the triple digits being reported for the state, the majority of them being on Oahu.  No new restrictions for Kauai have been announced but Oahu has shut down their beaches, parks, bowling alleys & arcades, campgrounds and botanical gardens.

Transpacific Travel is still slated to begin September 1, the Governor said he’ll confirm that in “a week or so”.  From what I’ve been hearing I don’t believe that to be likely to happen.

I Received Hawaii Business Top Performer Award!
I received my award from Hawaii Business Magazine for being included as a “Top Performer” in the state of Hawaii for last year.  What this means to me is a large number of people trusted me to assist them in their process of buying or selling property here on Kauai, their trust means everything to me.  I also know I couldn’t have done this without the support staff I have at RE/MAX Kauai Living and……from my husband!  He knows when I say I’m going to check email and I’ll be “right back” that just never happens.  He’ll come into the office with a snack and some water when I’ve been away too long (after saying I’ll be right back).

So Mahalo Nui Loa for this!  You all know who you are, virtual hugs.

Kauai Mayor Looking At Resort “Resort Bubble”
Our Mayor on Kauai is working on a proposal for a “resort bubble” that would allow tourists to move freely within the resort and not restrict them to their rooms.  This is still in the planning stages but the Governor weighed in and said that this idea has his full support.
Even with the 14 day quarantine Kauai is still getting visitors.  This new plan would establish a “geo-fence” that would create a boundary of where the visitors can go.  Visitors would also need to agree to be tracked.  COVID pre-testing or tests when arriving to Kauai are still in play.

Oahu, Maui and Big Island Real Estate 2019 vs 2020
The numbers are in for us to look at Oahu, Maui and the Big Island real estate at the end of July 2020 compared to 2019.

Just like the Kauai Residential Housing numbers Year To Date the trend is pretty much the same: home prices are up, the number of sales are down.  Condo prices and the number of sales are not so uniform across the state.  The condo market is so heavily vacation rental based that it outpaces the number of homes that are vacation rentals making this market a bit more volatile.

The Honolulu Board reported that they are seeing signs of increased activity driven by buyers looking to take advantage of low interest rates and some sellers that are slowly coming back on the market.
On Oahu the Year To Date Median sales price of single-family homes and condos for July dropped slightly, the year-to-date median sales price inched up 0.6% to $790,000 for single-family homes and 1.2% to $430,000 for condos.

Maui had a 13.4% decline in the number of homes sold Year To Date, coming in at 542 compared to 626 in 2019.  The Median Price is up by 2.9% to $766,925 compared to last years $745,000.
Condominiums pretty much followed suit but with a higher Median Price increase.  Condo prices increased 9.1% to $565,000 compared to $518,000 in 2019.

On the Big Island of Hawaii the prices of homes were also up Year To Date at $389,500 which is a 2.9% from this same time last year.  The number of sales were down 4.45% with 1,330 homes sold Year To Date compared to 1,392 this same time last year
Condo sales are down by 31.09% from 359 condos sold in 2020 compared to 521 this same time last year.  Median Price is also down by 4.41% at $355.600 versus $372,000 in 2019

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