Kauai Real Estate Update, Russian Fort Renamed, Oahu-Maui-Big Island Real Estate 2022 vs 2021

  • Lynda Gill
  • 06/14/22

Kauai Real Estate Update-  To find out what Sold, what was Just Listed and what went Under Contract last week on the island of Kauai click here:  Kauai Real Estate Sales June 6 to 12, 2022

Poipu Beach Real Estate Update-  I will be listing a condominium at the Poipu Sands this week for $995,000.  I’m pretty excited about this listing because this is the only 1 bedroom that has no unit above or below it!  There are three wall that are not shared with any other unit, really unique.  Located in building 4 you are just steps away to the beach and you have lovely ocean views.  This unit has been renovated and is a very successful vacation rental, I’ll include a video for you to preview.  Contact me at 808-346-0056 if you have questions on this listing.

To find out what is happening with Poipu Beach real estate since January of this year click here:  Poipu Beach Fee Simple Real Estate Current Market Analysis. 
For the leasehold Kiahuna Plantation click here:  Kiahuna Plantation Current Market Analysis.

Kauai’s “Russian Fort Elisabeth” Park Renamed
If you’ve driven out to the West Side of Kauai you’ve probably seen the ruins of the Russian Fort.  Hawaiians had originally built the fort which was a home to Hawaiian Royalty.  Later it was used as a fortress for a short time by a Russian representative and Kauai’s King Kaumualii in an attempt to resist King Kamehameha’s unification of the Hawaiian Islands. 
The fort is one of only two parks in the state of Hawaii that do not have a Hawaiian name, the other being Diamond Head on Oahu where a renaming of this site to “Leahi” is being considered.
This has been changed with the park getting a new name:  Pa’ula’ula State Historic Site.  “Pa’ula’ula” references Waimea’s red dirt.

State Anticipates More Travel As International Travel Covid Restriction Lifted
The last travel restriction was lifted last Sunday and with that the state of Hawaii is anticipating a surge in international travel.  Before last Sunday international travelers had to provide a negative COVID test prior to boarding their flight to the U.S. 
Kauai does not get a lot of international travel.  The little we do get are made up of mostly Canadians.  Our main markets are domestic which are back at pre-pandemic levels.  Oahu is anticipating more tourists coming to their island however the big concern is the lack of workers as they are having a hard time keeping up with the domestic travel they currently have.

Oahu, Maui and Big Island Real Estate Year to Date 2022 vs 2021
Last week I posted the Kauai real estate sales comparing the Year to Date figures for 2022 vs 2021.  This week I have the numbers for the rest of the state and we can compare to see how Kauai is doing against the other islands.

Kauai leads the state with having the highest Median Home price at $1,075,000.  All of the islands are trending up with their Median Price, Maui is second behind Kauai at $975,000.   The rest of the islands are experiencing the same thing Kauai is with the number of sales which are down, this is due to the lack of inventory.

For condominiums, Kauai is second behind Maui which is the island leading the state in the Median Price at $620,000,  Kauai is at $610,000, all of the islands are seeing an uptick in the Median pricing.   The only island that is seeing an uptick in the number of sales for their condos is Oahu which has the most inventory of all the islands for condominiums.    

Below is a graph which I got from the Hawaii Association of Realtors.  I’m also including a video I did on our housing and condo market from last week.  Give me a call at 808-346-0056 if you have any questions on Hawaii Real Estate.

 

Work With Lynda

Speaking from experience, I am here to tell you that dreams can turn into reality with a bit of planning and the help of an experienced Kauai realtor. I'd love to share my expertise with you if you are thinking of making Kauai your future home.