Kauai Real Estate Update, Coco Palms Arrests, AutoZone Opens On Kauai

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

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I just SOLD Wainani At Poipu Lot #26. This golf course frontage lot has distant ocean views and a wonderful placement within the subdivision. Click on the photo for more details or call Lynda Gill (RS) 808-346-0056

Kauai Real Estate Update 

I knew that our real estate activity was trending higher than last year and I did some research and was pleasantly surprised at what I found; In looking at the total number of sales for the entire island Year To Date there were 276 in 2016.  For 2017:  305!

The lower priced properties continue to lead with lower days on market, multiple offers and closer to (or above) list verses sales price. Those properties are important as they are the drivers for the rest of the market. For a complete list of what sold, went into escrow and the new listings island wide click here; Kauai Real Estate Activity April 3-9 2017

Poipu Beach Real Estate Update– I did the same research on the number of sales for just the fee simple properties in Poipu Beach.  Last year at this time we had sold 50 properties, today we have sold 65!
For a complete report go to; Poipu Beach Fee Simple Real Estate Year To Date Market Analysis

Kiahuna Plantation Update- Here is some great news for owners at the Kiahuna Plantation!
Sales At Kiahuna as of April 10, 2016     5
Sales At Kiahuna as of April 10, 2017     15
For a market analysis on the Kiahuna go to my page; Kiahuna Plantation Real Estate Year To Date Market Analysis

Payless Shoe Store To Close In Kukui Grove

Payless Shoe’s will close 400 locations and one of those will be in our Kukui Grove Marketplace in Lihue. The fate of the chain’s other Hawaii locations – eight on Oahu and one on Maui – is not yet known.
The company plans to reduce its debt $600 million dollar debt load by 50% and has entered into agreements with certain lenders to gain access to $385 million of debtor-in-possession financing. They had considered closing up to 1,000 stores at that time.

Four Arrested At Coco Palms

Last week I reported on the 25 people that are living at the Coco Palms and this week the 4 people that are claiming ownership (by right of a royal patent) have been arrested and removed from the property.  Police received a complaint about 7:40 a.m. Tuesday regarding individuals who were reportedly blocking access to the entrance of the Coco Palms.

Contractors hired by the property owner were reportedly attempting to access the property to remove an illegal wooden structure that was erected on the property without the owner’s permission.

Officers arrived at the scene and located four individuals blocking access to the property.

Officers notified the individuals of the violation, and they refused to vacate the premises. The violators were arrested. All were booked at the Lihue police station and have since been released after posting bail.

Kauai’s First AutoZone!

Our first AutoZone store is opening where the Blockbuster video store was in the Waipouli Town Center in Kapaa. The store will be 8,575 square feet.

The Kauai store will be their fourth one in the State, they currently have two in Oahu and one on the Big Island.

Real Estate Update For Oahu, Maui and the Big Island

Last week I blogged about Kauai’s Year To Date Real Estate numbers and this week we’ll look at Oahu, Maui and the Big Island

On Oahu the number of sales for single-family homes increased 4% to 309, from 297 last year, while condo sales increased 0.8% to 495.
The median price for single-family homes increased 4% in March to $755,000, from $726,000 last year, while condo prices increased 4% to $400,000, from $385,000
For single-family homes, the most market activity occurred between the $700,000 and $799,999 price range, while most condos sold between the $300,000 and $399,999 price range.

The median price of a single-family home in Maui rose 14.3% last month to $769,000, while the number of homes sold increased to 101 from 63 last year.  Meanwhile, condominium prices dropped 16% to $390,000 from $465,000 during March of last year, though the number of condos sold increased 15 percent to 130.

The most expensive area in Maui last month was the resort neighborhood of Kapalua, where the median house price was $3.5 million, a 46% jump from the same period last year. The most affordable area was Lanai with a median house price of $375,000, a drop from last year’s median price of $510,000.

For condominiums, the priciest area was Kaanapali with a median price of $1 million, while Molokai was the most affordable with a median price of $203,000.

On the Big Island the median price for single-family homes increased 19.9% to $355,000, from $296,000 during this same time a year ago.  Condominium prices on the Big Island increased 32.7% to $365,000, from $275,000 last year.

Big Island home sales were down 1.1% to 548, from 554.  Meanwhile, condo sales jumped 10% during the first quarter to 191, from 173.

 

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