Kauai Real Estate Update, Kauai Golf Course Named Best In State, Kakela Makai Home In Escrow

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

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In Escrow! This 4 bedroom 3 bath home has ocean views from the spacious covered second floor lanai. The level lot is over 10,000 sf and is enclosed by a block wall fence. Great family home. Community club house and pool. Click on the photo for more details.

Kauai Real Estate Update
I put a 4 bedroom 3 bath home in the Kakela Makai Subdivision in Kalaheo into escrow recently.  I’ve always really liked this subdivision because the majority of the lots have been built on, there are CC&R’s, lots of families, a community center and pool.  It’s within an easy drive to Poipu and the views are fabulous.  I just love this house for so many reasons, perfect for a family.  No vacation renting allowed.
For a complete list of everything that Sold, was Just Listed and properties that went into escrow island wide for last week click here: Kauai Real Estate Update November 18 to 24, 2019

Poipu Beach Real Estate Update- For all the real estate news since the beginning of the year in the Fee Simple Poipu Beach market click here: Poipu Beach Current Market Analysis.

Kiahuna Plantation Update- Get updated on the Kiahuna News by clicking here: Kiahuna Plantation Current Market Analysis
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Target Coming To Kauai???
I heard from a very, very reliable source that Target has awarded a local contractor the job of turning the old Kmart in Lihue into a Target.  This same source personally knows the person that was hired as the Human Resource Director for the Kauai Target.  The earliest the store would be here is 2020.
Stay tuned!

Man Wins Lawsuit Against Hawaiian Airlines
A 70 year old disabled veteran who lives in Hanapepe won his lawsuit against Hawaiian Airlines.  He was awarded $12,000 for his torn arm tendon.
The Kauai local resident was in Brisbane Australia when a Hawaiian Airlines employee pushed him to baggage claim but refused to help with his luggage.  He hurt his arm and aggravated a knee injury while getting his 50-pound bag off the carousel.
The jury found that $60,000 in damages were attributable to the accident, but decided the airline was only 20% responsible.
Hawaiian Airlines flight attendants made the news this week also, they gave their union the strike vote.  The airline has been in negotiations with the union since 2017 and now the National Mediation Board is handling negotiations.  I’d think the timing is optimal for them with the Holidays right around the corner and Southwest Airlines aggressively expanding into the market.

Kauai Golf Course Named Best In The State
Claiming the title for the third year in a row the Ocean Course at Hokuala was named “Hawaii’s Best Golf Course” by the World Golf Awards who recognizes excellence in golf tourism, courses and destinations. Winners are chosen via voting by golf travel and tourism industry professionals, as well as consumers.  The Ocean Course is a part of Timbers Kauai Ocean Club & Residences in Lihue.

Did you know….Golf tourism generates $137,199,008 in revenue for the state. The president and CEO of Hawaii Visitors and Convention Bureau, said that golfers are “the bull’s-eye within our target traveler,” explaining that Hawaii target golf travelers are the type of high-spend visitors that the state seeks. Hawaii’s target golf travelers have a median household income of $155,000, and many enjoy activities such as fine dining and shopping.

Nationally Existing Homes Sales Climb 1.9% In October
In looking at the real estate statistics Year To Date across the United States total existing-home sales which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, are up 4.6% from a year ago (5.22 million in October 2018).

For Year Over Year: Existing-home sales rose in October, a slight recovery from the declines seen in September. The four major U.S. regions were split last month, with the Midwest and the South seeing growth, and the Northeast and the West both reporting a drop in sales.

Lawrence Yun, the National Association of Realtors chief economist, said this sales increase is encouraging and he expects added growth in the coming months. “Historically-low interest rates, continuing job expansion, higher weekly earnings and low mortgage rates are undoubtedly contributing to these higher numbers,” said Yun. “We will likely continue to see sales climb as long as potential buyers are presented with an adequate supply of inventory.”

The median existing-home price2 for all housing types in October was $270,900, up 6.2% from October 2018 ($255,100), as prices rose in all regions. October’s price increase marks 92 straight months of year-over-year gains.
Total housing inventory at the end of October sat at 1.77 million units, down approximately 2.7% from September and 4.3% from one year ago (1.85 million). Unsold inventory sits at a 3.9-month supply at the current sales pace, down from 4.1 months in September and from the 4.3-month figure recorded in October 2018.

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