kauairocks: Please Increase My List Price 49%
- 10/03/13 08:41 AM
"Please increase the list price by 49%" is what one might be expected to hear from a seller who has read headlines in a local paper stating that home prices soared by 49% in August. What seller wouldn't want to jump on the bandwagon if prices just went up 49% last month? Woohoo! Here is what the seller may picture in his mind...
While such headlines garner attention and make for sensational journalism, it has little bearing on what is going on the the market. Kauai, our little island in the Pacific, has relatively low sales volume so that … (0 comments)
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kauairocks: 2011 Brings Continued Improvement in Kauai Absorption Rates
- 03/28/11 10:56 AM
Kauai continues to move toward a more balanced market as absorption rates continue their decline. There was a time when the color red completely dominated the chart but now the "healthier" colors are reclaiming their share. The biggest issues are with resort condos located in Poipu, Kapaa, and Princeville but those continue to improve as well.
Aloha!
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… (1 comments)
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kauairocks: Kauai's Hale Malu (Halemalu) at Puhi Update
- 10/22/10 02:40 PM
Updated information for Hale Malu/Halemalu at Puhi Townhouse-style Duplex Homes
This attractive community is located on the outskirts of Lihue, Kauai's center of commerce. It consists of 30 buildings in a 2-story, duplex-style arrangement and one stand-alone building. Each has a 2-car garage and a modest, easy-to-maintain, private rear yard. It's within walking distance of Kukui Grove Mall, Costco, Home Depot, and Kauai Community College. I moved here myself in 2009 to take advantage of the convenience of Lihue living. Homes range from 2 to 4 bedrooms, 2 to 3 baths, and 924 to 1,336 sf of living area. … (3 comments)
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kauairocks: Big Improvement in Kauai Absorption Rate
- 10/22/10 01:48 PM
Kauai's South Shore Poipu area is an area I specialize in and I used to cringe at the awful absorption rate of condos there which rose as high as a 10-year supply. My July post showed a decrease to the 6-year range and now it's down close to 2 years, a vast improvement.
In the current data, our value-priced West Side homes has spiked but this may be a short-term anomaly, time will tell.
October 2010 Update
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Aloha!
Search Kauai/Big Island | Search Maui | Email | About Me | Visit Website … (9 comments)
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kauairocks: Kauai Absorption Rate Very Dependent on Island Zone
- 07/09/10 08:24 AM
There have been huge improvements in Kauai's absorption rate in 2010. At mid-year, 3 of our 5 zones are moving out of the red zone from "not pretty" to troublesome, a welcome improvement. Still pretty ugly are the South and North Shores which are big resort areas. Homes on the South Shore are not bad but condos need help. The North Shore still has issues with both homes and condos.
Mid-Year Update
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Aloha!
… (5 comments)
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kauairocks: Sales Data for Kauai & Maui--April 2010
- 05/22/10 11:02 AM
Kauai and Maui year-to-date real estate sales statistics through April 2010 compared to the same period in 2009 show a marked increase in the number of sales on both islands but mixed results on price. While Kauai prices were up substantially (flat for residential) Maui saw large price decreases in all categories. Clearly the 2 islands are not in sync on prices. The data is shown in the tables below.
This continues to be an unprecedented opportunity for buyers who have cash or access to financing. Mortgage rates themselves continue to be most favorable to borrowers but this may not last.
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kauairocks: Kauai construction--It's not a new Safeway, it's a credit union
- 04/27/10 12:47 PM
For several months workers have been busy erecting a new building in Lihue across from the Kukui Mall. There are all kinds of rumors about what it will be in spite of a credit union sign out front. I did a little research and indeed it will be a new ofrice for Kauai Community Federal Credit Union. It will feature partially underground parking on the first level and offices in the rest. Occupancy is planned for Fall 2010. At 21,000+ square feet it's certainly a large building but no it's not a new Safeway as rumor would have it. It's … (5 comments)
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kauairocks: Koloa Creekside Estates--New Community in Koloa, Kauai, Hawaii
- 04/22/10 12:05 PM
Koloa Creekside Estates, Homes, Lots, and Condominiums in historic Old Koloa Town
Koloa Creekside Estates is a new community under development in historic Old Koloa Town on Kauai's South Shore near world-famous Poipu Beach. Plans call for a mix of individual homesites mauka (mountainside) and condominiums on the makai (ocean) side of the project. Condominiums are to be 2 and 3 stories with the 2-story units fronting the roads to reduce visual impact on the area. Architecture is to be "plantation style" in keeping with the charm of Old Koloa Town.
Waikomo Stream meanders along the backside of the project and … (2 comments)
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kauairocks: Kauai Scenes--Tree Arch Driveway
- 04/21/10 04:48 PM
This is a recent photo of driveway to a countryside home just outside of Kalaheo, Kauai, Hawaii. A 3 bedroom home on 37 acres is reached via this driveway. What a peaceful welcome home scene and it's even for sale!
The tree is a Banyan tree and it's all one tree. New trunks of the same tree are formed where the dangling trailers take root in the ground.
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Aloha,
Richard
Richard T. Dolbeare (RA), ABR, CRS, e-PRO, RSPS, SFR, BS/MS | Keller Williams Realty, 1819 S. Kihei Rd, Ste. D-110, Kihei, … (17 comments)
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kauairocks: Homes in Port Allen's Keala'ula Subdivision (Ele'ele, Kauai, Hawaiii)
- 04/21/10 04:21 PM
There is a new community on Kauai's Southwest Side known as Keala'ula located in Eleele with views of Port Allen harbor and the ocean beyond. A 75-unit, multistory condominium project, Kai' Olino, was to have been built between Keala'ula and the harbor but that has been cancelled for now so does not impact the views of the harbor-side homes. Keala'ula (county designation of "Port Allen Residential Subdivision") consists of approximately 60 homes. There appears be 1 vacant home site with very challenging terrain for home construction.
All homes feature 3 bedrooms and 2 baths on a median lot size of around 6,000 … (0 comments)
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kauairocks: Kauai Sales Uptick Continues
- 04/21/10 02:40 PM
Looking at data back to 2000 shows that Kauai sales took a huge tumble indeed beginning in 2006. But that fishhook upturn in 2009 began to look like a trend late last year and it's continuing in 2010! Stay tuned for the next few months as we move beyond the home buyer tax credit.
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Aloha,
Richard on Kauai
Search Kauai/Big Island | Search Maui | Email | About Me | Visit Website | Phone/Text (808) 651-4550
Engineering Hawaii Dreams Today--Helping Buyers Find Dream Homes & Sellers Find Buyers
Visit www.KauaiRocks.com for … (0 comments)
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kauairocks: Kauai Absorption Rate Continues to Improve
- 04/21/10 02:02 PM
There was a huge improvement in Kauai's absorption rate in my January update and that improvement has continued through the 1st quarter of 2010. Although still heavily tilted to a Buyer's Market, most categories are now in the 1-2 year range instead of 4, 5, and 10-year (resort-area condos an exception). Most hope that we continue to build on this trend so as to achieve a more balanced market.
1st Quarter 2010 Update
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Aloha!
… (4 comments)
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kauairocks: Kauai Real Estate Sales Up In 1st Quarter
- 04/21/10 01:37 PM
Kauai real estate sales statistics are in for the 1st quarter of 2010. The figures are island-wide comparisons of current sales versus year ago periods. These figrues are for the entire 1st quarter of 2010 and are more positive than those of a year ago. Sales of all property types have seen a marked increase in the number of sales. Prices have all seen a modest uptick. The percent change is a comparison of 1st quarter 2010 to the same period in 2009.
Number of Sales
Additional breakdown of this information is available to my clients upon request.
Aloha!
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kauairocks: Kauai Beach Resort--Upscale Lodging North of Lihue, Kauai, Hawaii
- 04/12/10 05:06 PM
Kauai Beach Resort in Lihue, Kauai
Kauai Beach Resort (KBR) is located North of Lihue in an area with little development other than KBR itself and the adjacent Kauai Beach Villas. While offering a relatively remote, peaceful location, it is convenient to Lihue and the airport which is only a 10-minute drive away. Kauai Beach Resort sits on 12 lushly landscaped acres featuring lagoons, waterfalls, and Kauai's longest beach. There are 345 guest rooms plus restaurant, meeting space, bar, and tennis courts. The majority of the units are in the hotel pool with on-site management by Aqua Resorts. The former … (6 comments)
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kauairocks: Puako Residential Community in Lihue, Kauai, Hawaii
- 04/11/10 07:43 AM
The fine community of Puako is located on the southwestern edge of Lihue, close to all the conveniences that offers yet sufficiently removed to have the feel of a private setting bordered by the 18-hole Puakea golf course, the Ha'upu Mountains, and the blue Pacific Ocean. Homesites were originally developed by Grove Farms as a master planned community. Homes are clustered around side streets and cul-de-sacs connecting to Halehaka Road which enters agricultural lands as soon as it exits Puako in the Western side. On the east side, the community borders Nuhou Road which begins at Puako and connects to Lihue's … (2 comments)
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kauairocks: Halelani Village Condominiums (Lihue, Kauai, Hawaii)
- 04/08/10 04:14 PM
Halelani Village Sales and Listings Information
Summary of Listings (April 2010-includes contingent & under contract)
Summary of 2010 Sales (April 2010)
Summary of 2009 Sales
Summary of 2008 Sales
Information herein is deemed reliable but has not been independently verified and is not guaranteed.
Richard T. Dolbeare (RA), ABR, CRS, e-PRO, RSPS, BS/MS | Keller Williams Realty, 1819 S. Kihei Rd, Ste. D-110, Kihei, HI 96753 | (808) 651-4550 |Aloha@RichardDolbeare.com
… (9 comments)
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kauairocks: Hale Malu (Halemalu) at Puhi townhouse-style condominiums (Lihue, Kauai, Hawaii)
- 04/07/10 07:57 PM
Hale Malu/Halemalu at Puhi Townhouse-style Duplex Homes
This attractive community is located on the outskirts of Lihue, Kauai's center of commerce. It consists of 30 buildings in a 2-story, duplex-style arrangement and one stand-alone building. Each has a 2-car garage and a modest, easy-to-maintain, private rear yard. It's within walking distance of Kukui Grove Mall, Costco, Home Depot, and Kauai Community College. I moved here myself in 2009 to take advantage of the convenience of Lihue living. Homes range from 2 to 4 bedrooms, 2 to 3 baths, and 924 to 1,336 square feet of living area. In January 2010, … (1 comments)
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kauairocks: Jump in Kauai home sales trumpeted by local publication
- 03/06/10 08:59 AM
I recently posted the February update for Kauai real estate sales and buried within the data was an 81% increase in the number of February residential sales. Perhaps Pacific Business News had a better approach by trumpeting "Kauai Homes Sales Jump 82 Percent" in their headline. Even better would have been the 143% increase in year-to-date sales. It's true and it's an awesome improvement after a bleak year in 2009. The Pacific Business News article can be found HERE.
Aloha!
Search Kauai/Big Island | Search Maui | Email | About Me | Visit Website | Phone/Text (808) 651-4550
Engineering Hawaii Dreams … (14 comments)
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kauairocks: Kauai real estate sales report for February 2010
- 03/04/10 12:10 PM
Kauai home sales statistics are in for the month of February 2010. The figures are island-wide comparisons of current sales versus year ago periods. Monthly figures fluctuate widely and year-to-date data only includes 2 months so there is not yet much history for 2010. Nevertheless, it's impossible to overlook the pronounced increase in the number of sales with residential being up a whopping 143% over the same period last year. Overall, prices appear to be relatively flat so far this year.
Sales of investor condos in resort areas still lag the rest of the market but that could soon change.
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kauairocks: Honolulu Headlines--Isles lag in loan crisis
- 02/23/10 09:40 AM
A recent article in the Honolulu Star Bulletin newspaper stated that "A declining trend in mainland foreclosures is not expected to extend locally". Of course this is disappointing to the many who are weary of distressed properties and hoping for a near-term recovery. While the article points out that there are signs of relief on the mainland, it must still run its course here in Hawaii. The full article can be found HERE.
Congrats to those in mainland areas that endured the pain and are now in recovery and may we soon follow in your footsteps. It's only a matter of time.
Aloha,
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"Please increase the list price by 49%" is what one might be expected to hear from a seller who has read headlines in a local paper stating that home prices soared by 49% in August. What seller wouldn't want to jump on the bandwagon if prices just went up 49% last month? Woohoo! Here is what the seller may picture in his mind...
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