Kauai Real Estate Update, Two Kauai Storms Hit The Island, Oahu-Maui-Big Island Real Estate 2024 vs 2023

Kauai Real Estate Update, Two Kauai Storms Hit The Island, Oahu-Maui-Big Island Real Estate 2024 vs 2023

  • Lynda Gill
  • 04/15/24

Kauai Real Estate-  Sold | Kakela Makai Ocean View Lot #33 $595,000.  My clients had been looking for just the right lot in Kakela Makai and it took around 6 months but we found this one.  It has a primo location at the end of Kua Aina and overlooks the Kauai Coffee fields with lovely views to the ocean.  Kakela Makai allows you to build an additional structure allowing you to have a full time rental on your property (vacation renting is not allowed).  For more information on this subdivision and lot 33 click here:  Kakela Makai Lot 33 
For a complete list of all the real estate activity on Kauai for the last week click here: Kauai Real Estate Update April 7 to 14, 2024

Poipu Beach Real Estate Update- In Escrow |  Regency 510 at Poipu Kai  Last week I put a listing of mine at the Regency at Poipu Kai under contract, it was listed at $995,000.  This unit came back on the radar after we did a price reduction, after that I had multiple showings and an offer.  When my husband and I first moved to Kauai we bought Regency 120 and lived there for 5 years, I can see that unit from this listing and with every visit to the unit I just get happy driving into the complex.
For a complete list of all the fee simple real estate activity in Poipu Beach click here:  Poipu Beach Fee Simple Current Market Analysis
For the Kiahuna Plantation click here:  Kiahuna Plantation Current Market Analysis 

Two Storms Hit Kauai, Damage Still Being Assessed
The big storm hit Thursday evening and lasted into Friday morning.  In a 12 hour period of time most parts of the island received anywhere from 11 to over 12 inches of rain and that amount of rain, over a short period of time, was the beginning of some major flooding in some parts of our island.

I've included an image from the NOAA site of what Kauai looked like on April 12.  Here is the amount of rain that was received inside of 12 hours: 
10.59 inches of rain in Po‘ipu
11.35 inches of rain in Oma‘o
12.51 inches Kalaheo
11.80 inches at Lihue Airport
12.05 inches North Wailua Ditch
11.26 inches of rain in Wailua
10.00 inches in Kapahi

The south shore and Lihue area were the hardest hit.  Hanalei only got 5.04 and Princeville 5.77.  Governor Josh Green and our Mayor signed emergency proclamations, shelters were opened up and rescue personal were responding to 911 calls. 

Saturday was spent assessing damage, cleaning up and preparing for the next storm which was to come Sunday.  The rain started Sunday morning and lasted until late that afternoon and, while we did not get near the amount of rain we did on Thursday any amount of rain was not good.
Fortunately there have been no reports of serious injuries.  I am writing this on Monday and it’s a sunny day with no rain in the forecast for this next week.  No rain will go a long way in the clean up efforts for this next week.

In between storms I’ve gone to my listings and properties where I’m representing the Buyers and while I didn’t see damage to the property itself I did see some flooding at some of the resorts here on the South Shore.  I took a video of the Poipu Beach parking lot on Sunday which is literally a lake.  The other parking lot at Brennecke’s is not flooded at all.

County Of Kauai Damage Update Monday, April 15 
The County of Kauai released this statement and included information for property owners that had damage to their properties due to the storm.  In part, here is their update:

  • Wailua
    • The Hawai‘i Department of Transportation continues to work on the Wailua River Bridge on southbound Kūhiō Highway (aka “mauka Wailua Bridge”). The two southbound lanes on the mauka Wailua Bridge will be narrowed and open during the day. Nightly closures of the mauka Wailua Bridge for debris removal are planned from 8 p.m. to 5 a.m. Monday, April 15 through Thursday, April 18, and is expected to reopen at 5 a.m. Friday, April 19. During the nightly closures, two-way traffic will be limited to the northbound Kūhiō Highway (aka “makai Wailua Bridge”), and motorists should anticipate traffic delays.
    • Apana Road in Wailua remains closed due to heavy ponding.
    • Wailua Forest Management Road (aka Loop Road) is closed until further notice.
  • Līhu‘e
    • Pua Loke Street, near Haleko Road, remains closed due to a sinkhole.
  • Po‘ipū
    • Ho‘one Road and Kuai Road near Po‘ipū Beach Park remain closed due to flooding. Additionally, the entire parking lot at Po‘ipū Beach Park is flooded.
  • Kalāheo
    • Wawae Road, east of Kikala Road, is clear after a small landslide. However, motorists are advised to proceed with caution.

Damage Assessments:

If you are a property owner or renter who suffered damages due to the April 2024 storms, please report damages through KEMA’s website www.kauai.gov/kema.

A new form is also available to report storm damages to a business, farm, or ranch at the following link: https://arcg.is/1ry4LK1.

Oahu, Maui and Big Island Real Estate 2024 vs 2023
I had done the Kauai Real Estate update comparing the first three months of 2024 vs 2023 and this week we’re looking at the other islands.
As with Kauai home sales are up and the number of condo sales is mixed.  The Medium Sales price for homes is up with the exception of the Big Island which is down -0.48%, I would call that more of it being even than down in sales. 
Condominium prices, statewide and despite the lower amount of sales, are up on all islands with Kauai being the highest at 19.21% and Oahu at 1%.
Below is information taken from the Hawaii Association of Realtors website.


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.