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Happy July! Awesome photo of Napali Coast. During the summer months many people kayak and swim down the coast early in the morning when the ocean is calm. You can see dolphins and fish along the way. Locals will swim to the shore at Hanakapiai Beach and hike back to Ke'e beach. . . . |
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Kauai Real Estate Market Update |
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First Half 2022 Real Estate Report |
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This report compares the first half of 2022 with the same period in 2021. Overall takeaway is that there are 23% less number of sales this year than last year with a median price increase in all categories (land, condo and homes). The report also breaks down market activity by 4 distinct geographic regions in each property category and provides Kauai-wide statistics. |
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-Kauai MLS Snapshot on July 15th- 30 & 60 Day Market Comparisons |
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30 Day Snapshot (see left insert) Over the past 30 days there were 49 price reductions on Kauai compared to 14 from the previous 30 day period. There were 69 new property listings put on the market in the past 30 days compared to 42 during the previous 30 day time period. Interestingly, 73 properties went into escrow during the past 30 days compared to only 30 from the preceding time period yet there were 81 sales on Kauai over the past 30 days compared to 98 sales from the previous 30 day time period. Also more sellers increased their list prices during the last 30 days than the prior period. |
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60 day Snapshot (see left insert) Using these metrics, we have more inventory coming on the market with more price reductions which appears to be creating more current escrows and sales have slowed down over the past 60 days. Although sellers are increasing their prices that doesn't necessarily translate to properties selling at these increased prices. |
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Heather's Real Estate Listings |
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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: $3.8M |
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7465 Koolau Rd, Unit C Active Listing 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: $4.995M |
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Nihilani 32B Under Contract Highly upgraded furnished 2bdrm/2ba single story, first floor townhome with large lanai and tropical garden views. Princeville. Closes soon! Asking Price: $1,050,000 |
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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. |
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Hawaii Real Estate News |
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Hawaii's Real Estate Market Looks To Be 'Normalizing' |
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This Pacific Business News article from July 14 discusses the State of Hawaii real estate market during Covid and how it's returning to pre-Covid activity levels. |
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Former Maui Land & Pineapple Co. L and Sells for $9.6M |
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Local Kauai News |
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DOT Backpedals On Kauai Airport Expansion Following Public Outrage |
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Good Read. Article exposes the recent turn of events from a proposed airport expansion to a now facelift after much community pushback. Our Lihue airport will be prettier but not bigger. This is part of Kauai's effort to keep tourism manageable and sustainable. |
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Dick Brewer, Surfboard-Shaping I nnovator, Passed Away in May |
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Legendary surfboard shaper and long time northshore Kauai resident recently passed away. This interesting article shares some stories on how he got started in his career and how he pionnered tow-in surfing. |
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‘Ahuimanu Shopping Center Fully L eased |
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'Ahuimanu Shopping Center in Kilauea is fully leased. Click on the article below for the stores and dining venues that are open and coming soon. Insider Info: The County is slow with issuing permits to the tenants so there are still quite a few empty spaces. Our Compass office opened two months ago. Please stop by when you're on island. |
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Kauai Visitors Give Back By V olunteering in Regenerative T ourism Programs |
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The Cliffs Resort in Princeville has joined Surfrider Foundation's "regenerative tourism program" that creates opportunities for visitors to give back to Kaua'i with beach clean-ups etc. and to make Kauai a better place. This is a new kind of tourism that Kauai is promoting. |
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Local Happenings |
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HPAF: Opera on the Rocks Every Friday in July Hawaii Performing Arts Festival Fridays at the Palace! A new series happening every Friday in July (July 1st, July 8th, July 15th, July 22nd) Opera on the Rocks - a perennial favorite performance featuring HPAF facility and Professional Fellow Artists. $30 General Admission Tickets can be purchased on the website hilopalace.com. |
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21st Paniolo Heritage Rodeo July 22 - July 24 | 4:00 PM - 9:00 PM The 21st Paniolo Heritage Rodeo is at the Koloa Plantation in the Country Stables & Rodeo Arena Grounds – Poipu An authentic cultural experience of today’s Hawaiian Paniolo lifestyle. |
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Lifestyle Tips & Tricks |
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Should You Renovate Your Home Before Putting It on the Market? There's a big difference between renovating a home and updating it. The former involves a more dramatic execution -knocking down walls or retiling an entire bathroom. Updating is making cosmetic changes such as painting a kitchen or replacing a light fixture. Renovating is, obviously, much more expensive and time-consuming than updating, and that's why many sellers resist it when they're listing their home. But before making any major renovations, ask your real-estate pro if the money you plan to spend can be recouped in the selling price. |
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