For an update on all the real estate activity that happened last week on the island click here: Kauai Real Estate Update February 21 to 27, 2022
Poipu Beach Real Estate Update- For a complete list of the Fee Simple real estate activity since the beginning of the year in Poipu Beach click here: Poipu Beach Current Market Analysis
Kiahuna Plantation Real Estate Update- To find out all the Kiahuna Plantation news click here: Kiahuna Plantation Current Market Analysis
Kauai Helicopter Crashes, 4 Killed
A week ago on Tuesday, February 22, a helicopter with four employees out of Pacific Missile Range Facility (PMRF) were doing a routine exercise when their helicopter crashed killing all four people on board. The pilot was from Lyle, Washington and the other 3 were all Kauai residents.
A boat captain who saw the crash stated that the helicopter had made an sudden erratic spin to the right and went nose down at full speed, the crash was a massive explosion. The cause of the crash is under investigation.
What Kauai Buyers For Vacation Rentals Are Not Asking
Are you asking the right questions when interviewing a rental manager? This is the 6th video installment of the interview that I did with Linda Sylvester at Koloa Kai and for this one I asked her what are Buyers not asking? I know I never could have come up with her answer and it’s very interesting to hear from her standpoint what she feels potential owners of a vacation rental property should know.
If you would like to see more of the videos in this series click here: www.LyndaGillYouTube.com
Kauai Real Estate 2022 vs 2021
It’s March and the numbers are in for us to look at how the February Year To Date Real Estate Market performed compared to February of last year.
The dip in the number of properties that have sold are solely due to the lack of inventory. We see that pretty much across the board the number of sales are down with the exception of the South Shore which had a 52.63% increase in the number of homes sold.
Prices on the other hand are up for both Homes and Condominiums. The Median price for a home on the South Shore is over $1.4 million and the North Shore is over $1.7 million. The South Shore even saw an uptick in their condominium sales which is due to the leasehold Kiahuna Plantation sales numbers starting to solidify.
This graph is general in nature and might not reflect your particular area of interest.
There is one number that has been skewed by a very large parcel of land that sold on the North Shore for $36,060,000 million. This land was auctioned off and the starting price was $31 million. This property was over 34 acres of ocean front land known as “Secret Beach”.
This graph is general in nature and might not reflect your particular area of interest. You are welcome to call me to discuss how this information relates to what you are interested in. You are welcome to call me to discuss how this information relates to what you are interested in.
