Kauai Real Estate Update, Kiahuna Golf Village Home Sold, Oahu-Maui-Big Island Real Estate 2019 vs 2020 Stats

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

Kauai Real Estate Sales-

First things first! Last Sunday was officially Grandparents Day however I think that every day should be Grandparents day. I sincerely hope that all of you Grandma’s and Grandpa’s had as special of a day as you all are.
For the latest news on everything that Sold, was Just Listed and what went into Escrow on the island of Kauai for last week click here: Kauai Real Estate Update September 7 to 13, 202

Poipu Beach Real Estate Update- SOLD! Last week I sold a listing of mine in the Kiahuna Golf Village for $1,400,000, cash sale. This 4 Bed. 3 Bath home is located on the fairway with horizon ocean views with a great cul-de-sac location. It needed some TLC but it had good bones and is in a neighborhood that supports every dollar you put into it.
For all the latest news on Poipu Beach real estate since January 1 of this year click here: Poipu Beach Real Estate Current Market Analysis

Kiahuna Plantation Real Estate Update- I have updated my Kiahuna Plantation website to bring you the latest news on the real estate activity at this resort. To access this click here: Kiahuna Plantation Real Estate Current Market Analysis

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SOLD! Cash sale. For more information on this sale click on the photo or call Lynda Gill RS 808-346-0056

Governor Ige To Extend Trans Pacific Travel
I watched a Facebook live yesterday that Governor Ige did with the Honolulu Star Advertiser where the Governor announced that the quarantine will likely be extended past October 1.  The reason he gave was two-fold; the pre-testing program for visitors prior to arriving to Hawaii is not ready to be launched and after meeting the tourism industry over the weekend he heard businesses will need a month to gear back up.

There are no more details at this point, the Governor said that he will release a new timeline in the next coming days.

Oahu Stay At Home Order Extended To September 24
The extension of Oahu’s Stay At Home Order didn’t come as too much of a surprise. It’s been extended to September 24 with some modifications to outdoor activities. The shut down was only on Oahu who had seen daily triple digit new COVID cases resulting in their hospitals nearing capacity. Their shut down has seen results in their numbers which are now below 100.

Kauai has not been seeing new cases and we’re the least impacted of all the islands. The date to open up for trans pacific travel is still October 1 with businesses and residents alike taking a “wait and see” attitude. A new idea of having pre testing for interisland travel has been making the rounds which is being seen as a trial run for when we open for Trans Pacific travel.

Kauai’s New County Tax Rate Classification
Great move by the County with their development of a new tax code that essentially is correcting an existing property tax inequity. Previously, any residential unit that was in a commercial building was taxed at the commercial rate which is currently $8.10 per $1,000 of the assessed value. A perfect example would be the new Shops at Koloa where there will be residential living on top of the businesses. Instead of being taxed at the commercial rate they will now be taxed at a “commercial home use rate” $5.05 per $1,000 assessed value which is lower than the normal residential rate of $6.05 per $1,000 assessed value.
This move is hoped to incentive more of this development which will provide more mix use housing options at a much better property tax rate.

Kiahuna Golf Village Home Just Listed
I just listed a home in the Kiahuna Golf Village that has a lot of “must haves” that I often hear on Buyers check lists. I was excited to get this listing, I drive by it all the time and had always look over to admire the front doors which have male and female Kuhiko Dancers on them. It’s tucked in the very back of a cul-de-sac on one of the larger lots that has horizon ocean views and is located on the golf course. It is single level with the front entry into a giant great room with vaulted ceilings. All three bedrooms are en-suite and the kitchen area is large with additional space for a laundry area and family room. The backyard has an protected living area, pool with water feature, jacuzzi, patio dining and more.
Can you tell I love this house? Take a short tour of it and contact me for more information.

Oahu, Maui and Big Island 2019 vs 2020 Real Estate Sales
According to resales figures released today by the Honolulu Board of Realtors Oahu’s single-family home market continues to make a steady recovery, while condo activity struggles to regain momentum as the pandemic stretches on.
Oahu Residential Median Price movement is up in August 2020, with the home price up 7% to $844,750 and the condo price up 2% to $430,000 from last year.
Oahu sales activity is mixed in August 2020, with home sales up 4% and condo sales down -21% from last year.

On Maui the number of homes sold Year To Date in 2020 was 643 compared to 726 in 2019. Keeping with the trend the home prices are up 2.3% to $772,500 compared to last year $755,000.
Condo sales are down 023.9% at 830 compared to 1,090 in 2019. Prices however are up for condominiums at $565,000 compared to $515,500 in 2019.

On the Big Island the number of home sales are down 3.61% at 1,574 sales YTD compared to 1,633 in 2019. The Median Price is up 2.63% at $390,000 compared to $380,000 in 2019.
Condominium sales were down even more by 28.76%. At the end of August 426 condos were sold compared to 598 in 2019. Median prices were up slightly by 3.15% at $376,500 compared to $365,000 in 2019.

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