August 2022 Newsletter  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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August in Hanalei Bay


Hanalei Bay on Kauai's northshore is a great place to beat the summer heat! Enjoy the gentle summer waves and warmer oceans temps. Walk on the long stretch of beach for some exercise or paddle out to 

"Summer's" surfbreak for the occasional summer wind swell. 

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In this month's newsletter, you will find real estate statistics for July 2022 as well as current articles on the Hawaii and Kauai real estate market along with curated local interest articles and events - prepared especially for you! 

Kauai Real Estate Market Updates

Click on the 8-page Kauai property report below for July 2022 real estate statistics. This is an easy to read report prepared monthly by Fidelity National Title.


YTD  2022 vs. YTD 2021 Highlights :


*Median SF home price increased by 10% in 2022.

*# of sales decreased in 2022 by 26%.

*Dollar volume of closed sales decreased in 2022 by 19%.



Kauai Real Estate Property Update: Prices Rise, Fewer Homes Sold

Read a recent article for insight into the Kauai real estate market over the past couple of years and where we are heading. What about affordable housing? 


Attention ALL Kauai Property Owners! 

Deadline approaching to file for property tax changes

Contact me about navigating Kauai real property tax classifications and to find out if you are paying too much! September 30th is the deadline to apply for classification  changes and exemptions for the upcoming 2023 tax year! Attached is a very dry document that explains Kaua'i real property tax.


Heather's Real Estate Listings

4980 Kahiliholo Rd, Unit 1

Active Listing

3 bdrm/3.5 bath elegant plantation style estate on acreage with ocean views plus ohana unit. Open and expansive property with renovated kitchen. Tranquil setting. Kilauea.


Asking Price: $3.8 Million

7465 Koolau Rd, Unit C

In Escrow

3 bdrm/3 bath contemporary plantation home built in 2017 with gorgeous mountain views backing up to over 500 acres of ranch land. Enjoy indoor/outdoor living with a great design & high end finishes. Kilauea.


Asking Price: $4.995 Million

Contact me for information on what your property is worth in today's changing market or if you would like help finding your Kauai dream property. 

Local Kauai News

Kauai Visitors Are Spending More than Pre-Pandemic Times

Tourism recovery on Kauai is brisk and is outpacing the other islands. Click on the article below for specific arrival number comparisons (pre and post pandemic) and how much visitors are spending, then and now. Learn about the importance of Japanese visitors to Oahu and why their recovery is lagging.


Kauai Gets $25 Million in Federal RAISE Grant Funds

Kauai and Maui were the only counties in Hawaii to receive $25 million each in federal RAISE infrastructure grant money. Read on to find out specifically where and how the money will be used on Kauai. Are more roundabouts in our future? 

Street Burger Restaurant Reopens in Wailua

Next time you're in Wailua and are in the mood for a juicy burger check out Street Burger - recently re-opened under new ownership. Local grass fed beef and other local farm to table produce are used whenever possible. There is also a delicious vegan burger. Stay away from the fries...they are addicting!



Repaving of Lihue Airport Parking Lot Begins August 15th

The $2.4 million HDOT repaving project of 578 stalls will begin Monday, August 15th and will take 3-4 months to complete. 

Will residents be allowed to leave cars in the parking lot while it's being repaved? Will more stalls be added? Click on the article for more details. 

Hawaii News

Southwest Airlines Rolls out $39 

Interisland Airfares

Until the end of the year, Southwest if offering discounted interisland airfares. Read the article for more info on Southwest's comments on this roll out and how Hawaiian Airlines is Responding with more incentives.

Hawaii Hotels Were Nearly 76% Occupied in July

Hotels occupancy rates in the State of Hawaii for the month of June were down 8.2% from 2019 pre pandemic numbers but Kauai jumped higher not only in occupancy rates but also in ADR (avg. daily rate) and RevPar (revenue per avail. room). Kaua'i is increasingly more popular and more expensive. Click on the article for more details.

The Rich & Famous Love 

the 

Neighbor Islands
Although some rich and famous are discreet in purchasing property in Hawaii, others are more open about their acquisitions. Read on to find out who you may bump into next time you're at the beach, at the smoothie stand, or out for dinner on Kaua'i. 

Local Events

Kauai Marathon 


September 4

The Kauai Marathon and Half Marathon are one of the most beautiful destination races in the world today. Taking place on September 4, 2022 this race is a great way to combine a unique experience and a get-away that only Kauai can offer. Participants pass hula dancers and Taiko drum troupes along the course while viewing striking mountain views. Each runner concludes his or her journey along one of the most beautiful oceanfront finish lines in road racing.


See HERE to sign up!

Lifestyle Tips & Tricks

The Top Interior Design Trends to Watch, According to Experts


In 2021, people focused on pieces that mix style and practicality — think self-cleaning bidets for a more luxurious bathroom, for example. But this year, everything from bringing the outdoors into experimenting with pattern and texture, and finding design inspiration from past decades are of interest.


© Compass 2022 ¦ All Rights Reserved by Compass ¦ Made in NYC

Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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