The national real estate research firm RealtyTrac reported that there were 816 foreclosures filings in the state of Hawaii in May 2009.
Of the four counties they tracked, Kauai had the lowest number of foreclosure filings at 78. Honolulu had the most foreclosure filings at 399; Maui at 171; and the Big Island at 168.
RealtyTrac also reported a total of 49 foreclosure sales throughout the state for the month of May (286 year-to-date). And, they listed the top 5 foreclosure states as California, Florida, Nevada, Arizona and Michigan (in no particular order). Source: http://www.realtytrac.com/states/Hawaii.html
REO Listings on Kauai 6/22/09
For those of you who are interested, and there are many, here is a sampling of the REO properties currently on the market on Kaua`i. REO means "real estate owned" by the bank. These properties are sold "as is" and usually require the Buyer to provide a pre-qualification letter (sometimes, a pre-approval) and/or proof of cash funds (i.e. for down payment monies).
RESIDENTIAL:
• 3-bedroom, 2-bath Princeville home in need of TLC. On the Makai Golf Course. Approx. 2,117 SF of living space on approx. 10,244 SF of land. Asking price $499,900. Days on market (DOM)=66. MLS #223366
• 4-bedroom, 2.5-bath Lihue home. Approx. 2,506 SF of living space on approx. 19.402 SF of land. Asking price $489,000. DOM=60 MLS #223496
• 3-bedroom, 3-bath Princeville home in Sunset Circle Community. Approx. 2,206 SF of living space on approx. 15,326 SF of land. Asking price $814,800. DOM=10 MLS #224854
CONDOS:
• 2-bedroom, 2-bath ground floor unit at Ka`eo Kai. Approx. 1,503 SF of living space. Access to pool. Asking price $270,000. DOM=65 MLS #223363
• 3-bedroom, 3-bath Plantation at Princeville. Approx. 1,318 SF of living space. Overlooks pool area. Asking price $499,900. DOM=283 MLS #215869
Source: Hawaii Information Service, 6/22/09. This information has been supplied by third parties & has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Prices subject to change between now & the time you receive this mailing.
Several oceanfront homes have been on the market along Kauai’s popular north shore anywhere from 78 to 1,791 days. Between Hanalei and Haena, about a dozen homes are now on the market.
The north shore is favored by many for its lush hillsides and beautiful beaches. However, there’s only so much oceanfront and now is a good time to take a look at what’s around. Here’s some info on the latest listings currently on the Kauai Multiple Listing Service:
MLS #220831, asking price $12,500,000 4 bedrooms/4 baths in Hanalei (approx. 3807 SF of living space on approx. 1.11 acres of land) DOM = 78
MLS #219555, asking price $2,900,000 4 bedrooms/4 baths (approx. 2106 SF of living space on approx. 11,950 SF of land) DOM = 123
MLS #218622, asking price $3,400,000 2 bedroom/2 bath (approx. 1373 SF of living space on 27,750 SF of land) DOM (days on market) = 152
MLS #218628, asking price $3,500,000 2 bedroom/2 bath (approx. 952 SF of living space on 26,250 SF of land) DOM= 152
MLS #218590, asking price $4,600,000 2 bedroom/2 bath (approx. 2784 SF of living space on 13,731 SF of land) DOM = 154
MLS #219016, asking price $6,000,000 5 bedroom/3 bath (approx. 4500 SF of living space on 1.01 acre of land), 2 homes on property DOM = 146
MLS #217160, asking price $6,500,000 3 bedroom/3.5 bath (approx. 2500 SF of living space on 17,048 SF of land) DOM = 191
MLS #208632, asking price $13,000,000 8 bedroom/8.5 bath (approx. 6236 SF of living space on 2.97 acres of land) 2 homes on property (each 4 bedrooms) and tennis court, (one home – the oceanfront one – is also on the market on its own as MLS #219465, below) DOM= 158
MLS #219465, asking price $9,000,000 4 bedrooms/4.5 baths (approx. 2512 SF of living space on 1.91 acres of land) DOM = 158
MLS #219592, asking price $3,900,000 2 bedrooms/2 baths (approx. 1200 SF of living space on approx. 14,530 SF of land) DOM = 121
MLS #207311, asking price $3,250,000 7 bedroom/5 bath (approx. 3102 of living space on 9100 SF of land) DOM = 446
MLS #135921, asking price $15,000,000 4 bedroom/3 bath (approx. 2141 SF of living space on 8.29 acres) 3 bedroom home and 1 bedroom caretaker’s cottage, DOM =1,791
(Information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed).
For those looking for homes they can vacation rental, these properties are not in a Visitor Destination Area. However, several have been vacation rentals to date and have applied for their Non Conforming Use Permit (NCUP) so that the property can hopefully continue on as such. At this time, several owners have received approvals or denials while still others continue to wait for an answer from the County regarding their status. If any one of these Kauai properties interests you and you want to know the status of the Permit (if the Owner applied for one), I can search the County’s Web site for the status.
Want more information about oceanfront homes or other single-family homes along Kauai’s north shore (i.e. Kilauea, Princeville, Hanalei, Wainiha, Haena)? When paradise is calling you, call me! Have a great day.
Mahalo for your time
Debra
Debra A. Jason, RA, ABR (Realtor-Associate, Accredited Buyers Rep.)
St Regis Hotel - Business reporter Coco Zickos reported (in the May 1st issue of The Garden Island) that the "St. Regis public relations department released an official announcement Tuesday evening that the opening has been delayed until Oct. 1st." According to Stephanie Kaluahine Reid, Director of Public Relations, "The renovation of the hotel is going very well..." To read the complete story, visit: http://kauaiworld.com/articles/2009/05/01/news/kauai_news/doc49fab33abd43d909615447.txt
Princeville’s Makai Golf Course - On May 4th, I received an update from the Head Golf Professional at Princeville’s Makai Golf Course. The course has been undergoing renovations and as of the 4th here’s the update: “Grading Unit #1, ocean holes 1, 9 and driving range are complete & grass mowing will be undertaken in the next week. Holes #6 and 7 are now grassed and hole #8 will be grassed this week.” “As irrigation installation work proceeds through holes 1,2, 8 and 9 of the Lakes course and the final work is being completed on the Ocean course, initial shaping & drainage installation is progressing on the Lakes course holes 3-7. Holes 5,6, and 7 have been shaped and drained and holes 3 and 4 will be completed before the end of May.” “As of this date, our construction completion date…has been set back nearly one month.” Opening is targeted for late Fall.
As I write this post, I’m getting on an airplane tonight and heading to Colorado. While I won’t be near the ocean, I will have the opportunity to be among the beautiful blue skies & Rocky Mountains that surround Boulder. As always, feel free to email or call me if you have questions about real estate on Kauai, HI.
Mahalo
Debra
Debra A. Jason, RA, ABR When paradise is calling you, call me!
In the April 19th edition of The Garden Island (Kauai’s newspaper), a “notice of foreclosure sale” was posted for 145 fee simple resort condominiums and 15 fee simple commercial condominium units at the Hilton Kauai Beach Resort in Lihue.
As of April 20, separate from the aforementioned units, approx. 30 additional units are posted for sale on the Kauai MLS (multiple listing service). They are priced between $69,000 and $411,000.
The resort is approximately 350 guestrooms and suites so this foreclosure sale is only for a portion of the condominiums. The 160 units will be sold in bulk, not individually. The auction is scheduled for May 6, 2009 at noon. Open house will be held on April 23 from 2pm to 5pm For the exact description of the property to be auctioned, you may contact the Commissioner, George W. van Buren at 808 599 3800 or gvanburen@hawaii.rr.com
In the April 15th edition of the same newspaper, a “notice of mortgagee’s foreclosure under power of sale” were posted for 2 new Kapaa homes: one at 189 Lani Ali’i Place and the neighboring home at 193 Lani Ali’i Place. The public auction is scheduled for May 1st at noon in Lihue. Inquiries may be made by contacting Jonathan W.Y. Lai, Esq, at 999 Bishop St., 23 floor, Honoulu, Hawaii 96813
Legal notices for properties under foreclosure and being auctioned at the courthouse in Lihue are listed in The Garden Island newspaper. The newspaper can also can be found online at www.kauaiworld.com.
Properties that are REO (real estate owned, by the bank) foreclosures are usually listed on the Kauai MLS. If you'd like to know more about some of those listings, let me know.
Mahalo & have a great day. Debra
Debra A. Jason, RA, ABR
When paradise is calling you, call me!
(808) 826 1846 cell: (808) 635 8031 Na Pali Properties, Inc.
Between March 31 and April 7, according to Hawaii Information Services, 16 properties closed escrow on Kauai. And, escrow was opened on 24 properties that received accepted offers. For the week before, March 23 and March 30th Hawaii Information Services reported 17 properties closed escrow on Kauai and 11 properties received accepted offers and opened escrow.
While I can’t predict the future (many prospective buyers and sellers wish I could), I’d like to think that this spike in activity on the Garden Island may be an optimistic sign. Interest rates are still at historic lows and there is plenty of inventory to choose from. Not to mention, there's the first-time homebuyers credit (up to $8000) which serves as a good incentive for those that qualify.
In the meantime, here are some REO (real estate owned, by the bank) listings on the Kauai MLS as of April 6, 2009 for single-family homes:
MLS #222896 TMK 4-3-6-11-75 $485,000 in Lihue 1,774SF of living space 3 bdrm/3 bath
MLS #221563 TMK# 4-4-3-9-24, oceanfront in Wailua $949,900 600SF of living space 2 bdrm/1 bath
MLS #220533 TMK # 4-4-6-34-13-3 in Kapaa $249,900 1,084SF of living space 3 bdrm/1.5 bath
MLS #21993 TMK #4-4-6-34-13-5 in Kapaa $249,900 1,084SF of living space 3 bdrm/1.5 bath
MLS #221440 TMK #4-4-6-24-90 in Kapaa $342,000 912SF of living space 3bdrm/1bath
MLS # 219148 TMK #4-5-4-15-16 in Princeville $644,900 2,048SF of living space 3 bdrm/3 bath
MLS #220705 TMK # 4-5-4-19-19 in Princeville $859,900 2,206SF of living space 3 bdrm/3 bath
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
If anything piques your interest, feel free to contact me for more details. In the meantime, have a great day!
Mahalo Debra
Debra A. Jason, RA When paradise is calling you, call me!
I was thinking the other day of all the “talk” about social media. It’s the latest rage to be tweetered on Twitter, have a Facebook friend, or get LinkedIn. While social media continues to grow in popularity, and worthwhile for many reasons, let’s not forget about the good old tradition of social networking. Yes, that’s right - meeting people face to face, in person!
Before the Internet age, many professionals relied on getting out of the office to professional meetings to network, meet fellow colleagues and build relationships. Building relationships - that’s what it’s all about. And today, more than ever before, it’s as important to “meet & greet,” shake hands and have a personal conversation - not just one that’s typed in an e-mail.
In an article published in Pacific Business News (3/13/09), a Waikiki entrepreneur was quoted as saying “...hundreds of professionals [are] making time for midweek business networking events in Hawaii, a scene that has taken off in the last six months.”
“People are starting to realize, especially in this economy, that you have to get out, put your face out there, build your credibility so you can not only grow your own business, but help others with new contacts.” The PBN article may be found at http://pacific.bizjournals.com/pacific/stories/2009/03/16/story2.html
In my marketing seminars and articles I’ve written, I’ve long touted the benefits of networking. And, I don’t just mean attending events, but getting involved with the various organizations that are available in your community.
In their book, Marketing Your Consulting and Professional Services, authors Dick Connor and Jeffrey Davidson maintain that if you, "Visit any metro area and attend a local meeting of the Red Cross, International Rotary. . . or other civic, professional, or charitable groups and undoubtedly, you will meet many of the area's most successful professionals. Successful professionals know that giving of their time freely is an excellent way to be of service to the community and to help build the firm."
And, in their book, Marketing Your Service Business, Jean Withers and Carol Vipperman explained, "Joining just two organizations of people who might be prospective clients can provide referrals and new business.”
So, if you’re online typing away on Facebook, Twitter, LinkedIn, or whatever your social media of choice, good for you. However, don’t forget to put yourself OUT THERE in the public among potential prospects who might just appreciate meeting you in person, having the opportunity to shake your hand and laugh together outloud (instead of “LOL” online).
There are MANY organizations available that hold networking events and/or need your involvement on a committee or council. Here on Kauai, there is:
Kauai Chamber of Commerce
One of six Rotary clubs
Zonta Club of Hanalei and Zonta Club of Kauai
Kauai North Shore Business Council
Kapaa Business Association
Women in Business Roundtable
And many, more.
Check out your community. In addition to your local Chamber of Commerce and non-profit organizations you may have numerous trade associations - from advertising and/or marketing associations to real estate organizations. Check into what’s available to you and go meet some new faces - up close and personal. And, while you’re at it, HAVE FUN! As the article in Pacific Business News put it, it’s “More fun, productive than cold-calling.”
Mahalo!
Debra
Debra A. Jason, RA, ABR Vision Realty All Islands Kauai
For those seeking real estate on Kauai and those particularly interested in REO (real estate owned by the bank) properties for sale, here's a list of what appears on Kauai's MLS (multiple listing service) today:
Single-family homes on Kauai
MLS #221563 2 bedroom/1 bath (600 SF of living space), oceanfront in Wailua $949,900 DOM (days on market =24))
MLS #220533 3 bedroom/1.5 bath (1084 SF of living space) in Kapaa, $249,900,DOM =52
MLS #219935, 3 bedroom/1.5 bath (1084 SF of living space) in Kapaa $249,900 DOM =67
MLS #221440, 3 bedroom/1 bath (912 SF of living space) in Kapaa $360,000 DOM=27
MLS #222187, 4 bedroom/3 bath (3080 SF of living space) in Kilauea $409,900 DOM=9
MLS #219109, 1 bedroom/1 bath (800 SF of living space) DOM =116
MLS #219148, 3 bedroom/3 bath (2048 SF of living space) in Princeville, 644,900 DOM=96
MLS #220705, 3 bedroom/3 bath (2206 SF of living space) in Princeville, $859,900 DOM=48
MLS 220199, 2 bedroom/2 bath Kamahana in Princeville, $344,900 DOM=60
[This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed]
Keep in mind, when buying an REO property, the Seller (i.e. bank) wants you to be pre-qualified and in some cases also provide proof of cash funds (i.e. for your down payment). In all cases, whether a single-family home or condominium, the property is sold "as is."
If anything here interests you, let me know. Or when paradise is calling you, call me!
Mahalo!
Debra
Debra A. Jason, RA, ABR Vision Realty All Islands Kauai
On Feb. 11, 2009, the Pacific Business News reported that Hawaii foreclosures dipped in January. The article stated that “Hawaii ranked 30th in the nation for foreclosures in January, down from 29th in December 2008, according to the latest report from RealtyTrac.”
With all the news about foreclosures, buyers are e-mailing to ask about the “latest steals.” Well, hate to say it, but on Kauai nothing is a steal, but prices are down. Here’s a brief summary of properties that are REO (real estate owned), currently on the market on Kauai include:
13 Condominiums - asking prices range between $139,000 (for Kauai Beach Resort, 0 bedrooms/1 bath – a hotel room sold as a fee simple condo) and $539,000 for a Plantation at Princeville 3 bedroom/3 bath unit. Locations vary from Poipu and Lihue to Princeville.
10 single-family homes – asking prices range between $265,000 (3 bedroom/1 bath in Kapaa) to $949,900 (oceanfront 2 bedroom/1 bath in Kapaa ). Other locations include homes in Kalaheo, Kilauea and Princeville.
Keep in mind that when a home is an REO (real estate owned), it is sold “as is” and the Bank (i.e. owner) usually requires that the Buyer agrees to an additional addendum and, along with the offer, the Buyer provide a pre-qualification letter from their lender along with proof of cash funds (i.e. for your down payment).
Want the complete list of REO condos on the market? Drop me an e-mail and I’ll send you the list. Want the list of all ten single-family homes? Drop me an e-mail and I’ll send you the details.
Have a great day.
Mahalo
Debra A. Jason, RA, ABR When paradise is calling you, call me!
Back in December there seemed to be a surge of oceanfront single-family homes on the market along Kauai's north shore (between Wainiha and Haena). Now, a surge means 8 homes when previously there had been maybe one here and one there. Now, the # has increased slightly.
For those looking for desireable oceanfront property along Kauai's magnificent north shore, here’s some info on the latest listings currently on the Kauai Multiple Listing Service. Keep in mind, for those looking for homes they can vacation rental, these properties are not in a Visitor Destination Area (and some may be zoned Conservation). However, several have been vacation rentals to date and have applied for their Non Conforming Use Permit (NCUP) so that the property can hopefully continue on as such. At this time, it is thought that many owners won’t know if their property will be approved for said permit until approx. March 31, 2009.
MLS #219555, asking price $2,900,000 4 bedrm/4 bath (approx. 2106 SF of living space on 11,950 SF of land) DOM (Days on Market) = 44
MLS #218622, asking price $3,600,000 2 bedroom/2 bath (approx. 1373 SF of living space on 27,750 SF of land) DOM = 73
MLS #218628, asking price $3,700,000 2 bedroom/2 bath (approx. 952 SF of living space on 26,250 SF of land) DOM=73
MLS #218590, asking price $4,600,000 2 bedroom/2 bath (approx. 2784 SF of living space on 13,731 SF of land) DOM = 75
MLS #219016, asking price $6,000,000 5 bedroom/3 bath (approx. 4500 SF of living space on 1.01 acre of land), 2 homes on property DOM =67
MLS #217160, asking price $6,500,000 3 bedroom/3.5 bath (approx. 2500 SF of living space on 17,048 SF of land) DOM = 112
MLS #219592, asking price $3,900,000 2 bedrm/2bath (approx. 1200 SF of living space on 14,530 SF of land) DOM = 42
MLS #208632, asking price $13,000,000 8 bedroom/8.5 bath (approx. 6236 SF of living space on 2.97 acres of land) 2 homes on property (each 4 bedrooms) and tennis court, DOM=103
MLS #219465, asking price $9,000,000 4 bdrm/4.5 bath (approx. 2512 SF of living space on 1.91 acres of land) DOM=103
MLS #207311, asking price $3,250,000 7 bedroom/5 bath (approx. 3102 of living space on 9100 SF of land) DOM = 367
MLS #135921, asking price $15,000,000 4 bedroom/3 bath (approx. 2141 SF of living space on 8.29 acres) 3 bedroom home and 1 bedroom caretaker’s cottage, DOM =1,712
(Information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed).
Want more information about oceanfront homes or other single-family homes along Kauai’s north shore (i.e. Kilauea, Princeville, Hanalei, Wainiha, Haena)? When paradise is calling you, call me! Have a great day.
Mahalo for your time.
Debra A. Jason, RA, ABR Direct: (808) 826 1846, cell: (808) 635 8031
On 10/28/08 I posted "Marketing in Turbulent Times." It was followed up with another post about "7 Strategies for Email" on 12/16/08. Today, I'm offering five ways you can develop a savvy "plan of attack" when the economy is uncertain and your budget is tight.
1. Send out an e-mail. Seven strategies for successful e-mail marketing were discussed on my 12/16/08 post. One of e-mail's competitive advantages is its "... ability to help you protect your most valuable asset in a down economy: loyal customers," says John Rizzi, president and CEO of e-Dialog, a provider of e-mail marketing and database technologies for permission-based e-mail marketers. Today, e-mail has reached almost universal penetration, with 97 percent of consumers and 94 percent of marketers using the channel (according to a study published by Forrester Research, Email Marketing Comes of Age). So contact those people you have relationships with or who have opted in to your e-mail list. It doesn't have to be a sales pitch—and it's probably better if it's not. Simply provide some helpful information that is relevant to them, such as a monthly or quarterly newsletter.
2. Join professional organizations. However, don't just pay your membership dues and walk away. Many people join organizations, then sit back and wait for business to come their way. Clients don't automatically knock on your door just because you've become a member of the local Chamber of Commerce. I found when I volunteered to serve on a committee (i.e., public relations, entertainment, programming, event planning, etc.), or sat on the board of directors, that fellow colleagues discovered more about who I was, what my business was about and what my capabilities were. Then, many times, they referred me to others just based on their knowledge of me, not necessarily because they had worked with me on a writing project. Joining and actively participating in such organizations is a great opportunity to increase your network of contacts while being given the chance to share your expertise.
3. Offer to speak in public. "The best way to market yourself is to give yourself to the market. Expose yourself to your prospects," writes marketing professional Jeffrey Gitomer, author of The New York Times best-sellers "The Sales Bible" and "The Little Black Book of Connections." Call your local Chamber of Commerce, Rotary Club, business associations, etc. Many of these groups hold monthly membership meetings where professionals come in and speaks on a specific topic of interest. When I lived in Boulder, I presented at what the Chamber of Commerce called "Brown Bags," speaking on such topics as "AIDA: A Formula for Successful Copywriting" and "Surefire Steps for Writing Effective Print Promotions." Earlier this year, I presented a workshop about "Marketing in Turbulent Times" to the Kauai North Shore Business Council and later, presented tips from this topic to the Rotary Club of Kauai. Sharing what you know increases your credibility regarding your area of expertise. Even better, appearing at meetings like these puts you among a circle of businesspeople who may eventually need your services.
4. Invite clients, colleagues and prospects to your speaking engagement. Here's a great opportunity to build client relationships and encourage enhanced relationships with prospects without using a hard-sell approach. By hearing you speak, they get the chance to learn more about you without feeling the pressure of a sales pitch. While you're sharing your professional knowledge in a relaxed, nonthreatening environment—without the fear of losing a sale—they're observing your expertise, confidence and poise.
5. Write articles for business or trade publications. This helps increase your exposure, as getting published sends your name out to a broader audience while conveying your knowledge about a specific subject. It also enhances your professional reputation. Many publications will include your photo and phone number so readers may contact you. Then, after your article has been published, send copies to your clients, colleagues and prospects!
Maintain a Presence
The list of cost-effective ways to market yourself goes on and on. From sending out press releases to local and trade publications to teaching a class or workshop about your area of expertise. As you try out all these ideas, you will come up with many on your own. Don't be afraid to test your own, as long as they don't work against your other attempts or risk annoying potential contacts and clients.
Most important of all? Don't let people forget who you are ... where you are ... how you can be reached. Do what you can to maintain a presence. Stay in touch with your customers, be it via phone, "snail" or e-mail. Ask them what they want and need during this time. Remember, if potential customers are out there looking for your product or service and your name is visible, while your competition's is not, your marketing efforts will invite them to call you.
Kauai Realtor-Associate Debra A. Jason is past president of the Rocky Mountain Direct Marketing Association (RMDMA) and a recipient of their “Creative Person of the Year” award, She is also a seasoned copywriter with 20+ years of experience in the field of direct marketing. Based in Kauai, HI, her business, The Write Direction, specializes in writing Web & direct marketing communications. She has been quoted in books and articles, authored numerous articles & spoken on the subject of writing and Web marketing. You may reach her marketing business by phone at (808) 826-1846, e-mail: debra@writedirection.com, or visit her online at http://www.writedirection.com.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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