Kauai Real Estate Update- Last weeks real estate activity for the island of Kauai is available, find out what was Just Listed, Sold or went into Escrow island wide for last week by click here: Kauai Real Estate April 5 to 11, 2021
Poipu Beach Real Estate- To find out the current houses for sale in Poipu Kauai and condos for sale in Poipu Kauai, along with what is in escrow and what has sold so far this year, click here: Poipu Beach Current Market Analysis
Kiahuna Plantation Real Estate- I just listed Kiahuna Plantation unit #317. What I love about this unit is the top floor location, the sweet peek of an ocean view and the overall presentation of this unit. The bedroom furniture was completely replaced just last year. Great unit for $99,000 (LH), click here to access this listig: Kiahuna Plantation unit #317
For a complete list of all the real estate activity at the Kiahuna since January 1 of this year click here: Kiahuna Plantation Real Estate Current Market Analysis
Hawaii Vaccine Passport On The Horizon
Governor Ige issued a proclamation that “in the future” travelers who are fully vaccinated will be exempted from quarantine. This exemption is not in effect now but will be when the Hawaii Emergency Management Agency approves it, so stay tuned for that news.
When this goes into effect travelers to Hawaii will need to upload into the States Safe Travel App their Department of Health proof that they have been vaccinated before traveling to Hawaii.
The Governors decision was made after the CDC issued new guidance which states “Fully vaccinated people can travel within the United States and do not need Covid-19 testing or post-travel self-quarantine as long as they continue to take Covid-19 precautions while traveling.” Fully vaccinated is considered to be two weeks after your last shot.
The Governor also approved the Mayors on each island to establish additional testing as long as that island pays for it.
Speaking of which…
Maui To Require Extra COVID Test
The COVID cases on Maui have been on the rise and currently they have the most number of the California variant. Their Mayor is going to implement a requirement for all transpacific travelers to take a second COVID test upon arrival at Kahului Airport.
This will be for those who are participating in the Safe Travels program and have their negative COVID test within 72 hours of traveling to Maui. Upon arrival at the airport they will be required to take a second test, one the that island of Maui pays for and implements, this will be free of charge to all. Those who are opting for the 10 day quarantine will still need to quarantine even if they have a negative test upon arrival.
When this will start is not known. The intent was to start last Friday but it’s been pushed out at least for 10 days to give the county time to train people and set up test administration. The Mayor promised “ample notice” before starting.
Proposed East Side Beach Path Getting Push Back
The County of Kauai is looking to take over land fronting the Islander on the Beach for $24,300 by way of eminent domain. However residents have concerns about the path that go beyond the Counties proposed land acquisition.
Those concerns are; a waste of taxpayer dollars, coastal erosion and danger to the shearwaters who nest nearby. The path is an extension of the existing Eastside path however concerns about recent erosion have some people questioning if this is the right move. Portions of the existing path are having some issues with the recent storms. The proposed path would also disrupt nesting shearwaters who have returned to the area, they were last seen there one year ago.
The Kauai Council Members will be discussing this further on April 21.
Oahu, Maui & Big Island Real Estate 2020 vs 2021
Last week I blogged about the Year To Date Kauai real estate sales compared to this same time last year. If you missed that post here it is: Kauai YTD 2020 vs 2021.
This week I have the Oahu, Maui and Big Island real estate stats.
Oahu charges on with double-digit increases in the number of homes and condos sold. The number of homes that are bid up over asking price is at 48.3% and almost 28% of condominiums sold went over ask in the month of March. As the case on Kauai; the residential condo sales are up because the entry level housing market is so fiercely competitive. Townhomes and condominiums are fast becoming a consideration as residential homes continue to climb in price and the number of sales.
The number of homes sold on Oahu is up 16% compared to March 2020. The Median Price is $950,000 which is 17.3% higher than the end of March last year.
Oahu condo sales have increased a whopping 48% which I’d attribute to their tourism coming back for a sustained period. The Median Price for a condominium is up 2% at $445,000.
On Maui the number of homes sold is up 25.1% from 259 sales in 2020 to 324 in 2021 Year To Date. The Median Price is up 23.6% to $952,000 from $770,173 in 2020.
Condominium sales are up by 20.8% to 511 Year to Date compared to 423 at the end of March 2020. The Median Price is up 7.9% to $599,000 Year to Date 2021 compared to $555,000 in 2020.
On the Big Island of Hawaii the number of Residential Homes Sold is up 26.03% to 799 Year to Date compared to 634 in 2021. Prices are up 5.32% to $450,000 compared to $427,250 in 2020.
Condominium sales are up a whopping 66.15% to 319 closed sales Year to Date compared to 192 in 2020. The Median Price is up as well by 25.97% to $485,000 compared to $385,000 in 2020.