Kauai Real Estate, Southwest Airlines, Ocean View Makahuena Condo Just Listed

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

Kauai Real Estate

For a complete list of everything that was Sold, was Just Listed or went into escrow for last week on Kauai click here: Kauai Real Estate Update January 6 to 12, 2020.

Poipu Beach Real Estate- I’m super, super excited and energized about some great new listings I have coming on the market.  The first being a 2 Bedroom condominium at the Makahuena that is large and comfortable enough to be your primary residence.  It would also make for a great vacation rental or….a combination of both!  I did pretty good on my video until I started cracking up at the dog.  Contact me for additional information on this unit.
For a complete list of all the Fee Simple activity in Poipu Beach since the first of this year click here: Poipu Beach Current Market Analysis

Kiahuna Plantation Real Estate Update- I just put Kiahuna Plantation #119 In Escrow!  This is a bank owned unit that was listed for $98,000 (LH) and we are in escrow for $78,000 (LH).  Yep, I know, it’s low.  However that was the last of the units available under $100K, good to get it off the radar screen.
Unit #165, a ocean view ground floor unit in building 25, also went into escrow and a buyer of mine was trying to buy it but lost out on it.  The information that I have is a current owner is purchasing it.  It’s listed for $395,000 (LH) but I’m going to bet that it’s going for a lot less.  That is all the information I have on this unit for now.
<img src=”image.gif” alt="kiahunarealestate“/>For all the information on Kiahuna Plantation click here: Kiahuna Plantation Current Market Analysis

Southwest Airline News
Southwest has been advertising some really low airfares both interisland and for summer travel.  They have announced that they are “bullish” on Hawaii however the grounding of the Max 8 however are putting Hawaii at the top of their priority list due to the response that they have gotten from each new flight.
Currently the furthest that they fly the Hawaii from is Denver, this is because they don’t have overnight flights.  The reason, as stated by CEO Gary Kelly, is “We don’t really desire to fly red-eyes right now…. for our style of operation, it would complicate things.”

Effective April 2020 here is a list of the Hawaii Routes, I’ve put Kauai in bold font:
OAKLAND: Honolulu (2 daily); Maui (2 daily); Kona (1 daily); Kauai (1 daily).
SAN JOSE: Honolulu (1 daily); Maui (1 daily); Kona (1 daily); Lihue (1 daily).
SACRAMENTO: Honolulu (1 daily); Maui (1 daily).
SAN DIEGO: Honolulu (1 daily); Maui (1 daily).
HONOLULU: Oakland (2 daily); San Jose (1 daily) Sacramento (1 daily); San Diego (1 daily); Interisland: Maui, Kona, Lihue, Hilo (each 4 daily).
MAUI: Oakland (2 daily); San Jose (1 daily); Sacramento (1 daily); San Diego (1 daily); Interisland: Honolulu (4 daily), Kona (1 daily).
KONA: Oakland (1 daily); San Jose (1 daily); Interisland: Honolulu (4 daily); Maui (1 daily).
KAUAI: Oakland (1 daily); San Jose (1 daily); Interisland: Honolulu (4 daily).
HILO: Interisland: Honolulu (4 daily).

Olive Garden and Dylan’s Candy Bar Coming To Hawaii
We see the Olive Garden commercials and our mouths water but there-is-nothing-we-can-do-about-it.  So when they decided to come to our State its big news.  Usually the mainland chains will start in Oahu or Maui and that’s good for our “staycations” and sometimes they expand to Kauai.

Last Thursday Olive Garden filed an application for a $50,000 building permit for a “pre-construction clearing” space in Ala Moana Center that is currently occupied by Bubba Gump Shrimp Company.

Also in the expansion news is Dylan’s Candy Bar at the Shops at the Hyatt Regency Waikiki Beach Resort.  I’ve not been to one of these stores but I’m going to check this one out.  Dylan Lauren who is the daughter of Ralph Lauren owns it and her inspiration was the Willy Wonkas Chocolate Factory movie.  Her stores have more than 7,000 sweets ranging from chocolates to lollipops to gummies and nostalgia and international collections, as well as candy-themed apparel and accessories, including beach towels and floats.

Oahu, Maui and Big Island Real Estate
Last week we reviewed the Year End Real Estate Sales for Kauai and this week I have the other islands.  Let’s take a look at how they finished 2019 up.
On Oahu for all of 2019, sales of single-family homes increased by 3.9% to 3,750, from 3,609 homes sold in 2018. The median price of a single-family home last year dipped slightly to $789,000 from $790,000 in 2018.
For condominiums, the median price in 2019 rose 1.2% to $425,000, from $420,000 in 2018, while sales declined by 4.8% to 5,408 units sold, from 5,679 units sold in 2018.

On Maui for 2019 there were a total of 1,117 single-family homes sold, a decline of 1.9% from 1,139 homes sold in 2018. The median price of those homes was $741,355, which was an increase of 4.4% from $710,000.
The median price of a condo for all of 2019 was $515,500, which was a 3.1% increase from $500,000 in 2018. Sales of condos declined by 3.1% to 1,606 units sold, from 1,657 units sold in 2018.

The Big Island of Hawaii saw a total of 2,424 single-family homes sold in all of 2019, which was 3.5% more than the 2,342 that were sold in 2018. The median price of those homes was $378,920, which was 5.7% higher than the median price in 2018, which was $358,470.
The condominium market on Hawaii saw a 3.36% sales increase for all of 2019 to 861 units sold compared to 833 units sold in 2018. The median price of those units sold in 2019 was $362,000, an increase of 3.43% from $350,000 in 2018.

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