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Tim Mira, Realtor Broker - Kauai

Tim Mira, Realtor Broker

phone: (808) 639-2263
Contact by email

Cory Mira, Realtor (S) - Kauai

Cory Mira, Realtor (S)

phone: (808) 635-7809
Contact by email

08/02/2018 12:44 PM

 

The ONLY vacant lot currently available in highly desirable and well established Kai Ikena subdivision. "Ready to build" vacant lot for $279,000 in Kalaheo does not come along very often. Almost 13,000 sqft  on Panui street (makai side of Kalaheo) with mountain and distant ocean views. Underground utilities.   House and septic system  plans are available and ready for pick up from the Kauai county planning department.  Sellers paid for the plans, new buyer to pay for the planning department fee.  Water meter to be installed, prior to closing.   Popular Kukuiolono Park and Golf course is a few minutes away.  Walking distance to Kalaheo Elementary School.  Close to Kalaheo town.  NO Home Owner Association fees!  Motivated sellers!!    MLS# 620231
Tim Mira, RB-21130
Elite Pacific Properties, LLC
808.639.2263

 

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08/01/2018 11:59 AM

Kauai real estate transactions for the month of July 2018 are reflected on the graph above.  53 Kauai residential homes,  19 vacant Kauai land properties and 33 Kauai condos were sold on  the island of Kauai in July 2018. The Kapaa district led sales with 35  transactions, followed by Koloa with 32 transactions, followed by Hanalei with 19 transactions, followed by Lihue with 11 transactions each,  and Waimea with 8 transactions. (See previous blog posts for prior months' statistics)

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07/06/2018 05:02 PM

Just listed for sale, "as is",  3 bedrooms, 1 bath house on 17,860 sq. ft. land in Hanapepe Valley. 

Located on the west side of the Hanapepe river.

MLS# 616768 (click for more info)   Offered for $398,500. 

Call Tim Mira, R(B): 808.639.2263 or Cory Mira, R(S) 808.635.7809 for appointment to view property.

 

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07/02/2018 03:08 PM

Kauai real estate transactions for the month of June 2018 are reflected on the graph above.  54 Kauai residential homes,  14 vacant Kauai land properties and 60 Kauai condos were sold on  the island of Kauai in June 2018. The Koloa district led sales with 54  transactions, followed by Lihue with 27 transactions, followed by Kapaa with 23 transactions, followed by Hanalei with 20 transactions each,  and Waimea with 4 transactions. (See previous blog posts for prior months' statistics)

 

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06/16/2018 11:47 AM

Kauai real estate transactions for the month of May 2018 are reflected on the graph above.  49 Kauai residential homes,  16 vacant Kauai land properties and 46 Kauai condos were sold on  the island of Kauai in May 2018. The Koloa district led sales with 38 transactions, followed by Lihue with 30 transactions, followed by Kapaa and Hanalei with 18 transactions each,  and Waimea with 7 transactions. (See previous blog posts for prior months' statistics)

The future of Kauai's northshore real estate market is in a vulnerable position right now due to  April's historic rainfall that caused major flooding and landslides on the north side of Kauai.  

 

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05/28/2018 02:05 PM

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05/10/2018 08:29 PM

Ready to build 1.5 acres in mauka Kalaheo  includes distant ocean views. Sellers have already done a lot to get this property ready for you to build..  Land is clear and all survey pins are visible.  Electricity is already plumbed to the "pull box". House plans by architect, Tim Bradley are available.  Septic plans also available.    Call Tim Mira, R(B)  808.639.2263  or Cory Mira, R(S) 808.635.7809 for more info or to view property.  This is a TEAM MIRA, Elite Pacific Properties listing.

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05/10/2018 08:09 PM

Kauai real estate transactions for the month of April 2018 are reflected on the graph above.  39 Kauai residential homes,  13 vacant Kauai land properties and 42 Kauai condos were sold on  the island of Kauai in April 2018. The Koloa district led sales with 28 transactions, followed by Lihue and Kapaa with 21 transactions each, followed by Hanalei with 20 transactions,  and Waimea with 4 transactions. (See previous blog posts for prior months' statistics)

The future of Kauai's northshore real estate market is in a vulnerable position right now due to  April's historic rainfall that caused major flooding and landslides on the north side of Kauai.  

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04/26/2018 12:22 PM

Mahalo Kauai!

 

Team Mira

 

 Q1 (Jan-Mar 2018) Sales performance

 

Top 10 for # of sales on Kauai

 

Top 20 for $$ of sales on Kauai

 

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04/04/2018 01:03 PM

Kauai real estate transactions for the month of March 2018 are reflected on the graph above.  58 Kauai residential homes,  18 vacant Kauai land properties and 44 Kauai condos were sold on  the island of Kauai in March 2018. The Hanalei district  led sales with 38 transactions, followed by Koloa with 34 transactions, followed by Kapaa with 27 transactions,  Lihue with 19 transactions,  and Waimea with 2 transactions. (See previous blog posts for prior months' statistics)

 

 

 

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03/31/2018 02:04 PM

Here is a chart that will help you to understand the different options of holding title to real estate in Hawaii. I'm not an attorney, but I'm pretty sure that title on Hawaii real estate, supercedes the verbage in a will. It is a good idea to review title on your property every so often and after any major life change, such as marriage, divorce, birth of child or death of spouse.

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03/18/2018 05:26 PM

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03/07/2018 02:54 PM

Kauai real estate transactions for the month of February 2018 are reflected on the graph above.  53 Kauai residential homes,  12 vacant Kauai land properties and 36 Kauai condos were sold on  the island of Kauai in February 2018. The Koloa district  led sales with 30 transactions, followed by Hanalei with 29 transactions, followed by Kapaa with 20 transactions,  Lihue with 18 transactions,  and Waimea with 4 transactions. (See previous blog posts for prior months' statistics)

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02/05/2018 02:27 PM

Kauai real estate transactions for the month of January 2018 are reflected on the graph above.  45 Kauai residential homes,  9 vacant Kauai land properties and 34 Kauai condos were sold on  the island of Kauai in January 2018. The Koloa and Hanalei districts  led sales with 27 transactions each, followed by  Kapaa with 20,  Lihue with 11 transactions,  and Waimea with 3 transactions. (See previous blog posts for prior months' statistics)

 

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02/01/2018 05:06 PM

OPEN HOUSE Hours

  • Feb 2, Friday, noon to 5pm
  • Feb 3, Saturday, 9am to 2pm
  • Feb 4, Super Bowl Sunday - by appointment

Newly remodeled Kapaa 2 bd/1 ba condo, Kauai Kailani #116, is situated in an oceanfront condominium building. This designer furnished unit is immediately ready for short-term or long-term rental. Enjoy outdoor dining on your poolside lanai. Kauai Kailani is conveniently located across Safeway and Starbucks with direct access to Kauai's popular eight-mile bike path.

 

 

 

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01/29/2018 02:54 PM

MLS 600262,  Kaumualii Hwy in Kalaheo was sold for $895,000  with 210 DOM (days on the market)  by TEAM MIRA.

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01/03/2018 06:53 PM

Residential house sales - The number of residential houses sold  remained fairly consistent between 2016 and 2017 for each district..   568 Kauai residential houses were sold in 2016 as compared to 551 Kauai residential houses sold in 2017  (slight decrease from 2016 to 2017).  

Land sales -  The number of vacant lots sold remained fairly consistent between 2016 and 2017 for Waimea,  Kapaa and Hanalei districts.  However, there was a huge upswing in land sales for the Koloa and Lihue districts. 144 Kauai vacant lots were sold in 2016 as compared to 226 Kauai vacant lots sold in 2017  (about 50%  increase from 2016 to 2017).

Condominium sales -  The number of condominium units sold remained fairly consistent between 2016 and 2017 for Lihue and Kapaa.  However, there was a huge upswing in condo sales for Koloa and a small upswing in the Hanalei district.   372 Kauai condos were sold in 2016 as compared to 449 Kauai condos sold in 2017. (about 20% increase from 2016 to 2017

If you are interested in more detailed statistics such as sales volume, median sales price, etc in a specific Kauai neighborhood, please email:  poipuproperty@gmail.com.  Our marketing team will be happy to provide you with more specific information.

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01/03/2018 06:18 PM

Kauai real estate transactions for the month of December 2017 are reflected on the graph above.  42 Kauai residential homes,  23 vacant Kauai land properties and 41 Kauai condos were sold on  the island of Kauai in December 2017. The Koloa district  led sales with 54 transactions, followed by Hanalei with 19,  Kapaa with 18  transactions,  Waimea with 8 transactions, and Lihue with 7 transactions.

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12/23/2017 07:44 PM

How the Newly Passed Tax Law 
Affects the Housing Market

President Trump today signed the Republican-led tax reform bill into law. Called the "Tax Cuts and Jobs Act" and passed by the U.S. Senate and House on December 20, the legislation will nearly double the standard deduction for individuals to $12,000 and married couples to $24,000 in the 2018 tax year. Here are ways the new law will affect current homeowners and those who are looking to buy or sell a home:

  • Mortgage interest deduction. Limits this popular deduction to $750,000 in mortgage debt for buyers who purchase a home on or after December 15, 2017. Those who purchased a home prior to this date can continue to deduct up to $1 million in mortgage debt. In 2026, this provision will revert to the current law regardless of when the home was purchased.
  • State and local property taxes. Limits this deduction to a combined $10,000. Homeowners in areas with higher home costs and property taxes may see an increase in their tax bills in the new year.
  • Home Equity Line of Credit (HELOC) interest deduction. Paid interest will no longer be deductible after December 31, 2017. This provision ends in 2026 and reverts to the current law, which allows an interest deduction up to $100,000 in HELOC debt.  
  • Capital gains exclusion. Home sellers can continue to exclude up to $500,000 (joint filers) or $250,000 (single filers) for capital gains when selling a primary home, provided the owner has lived in the residence for at least two of the past five years.
  • Estate tax. Doubles the amount that can be left to your heirs tax free to $11.2 million per person and $22.4 million for married couples.
  • Mortgage Credit Certificate (MCC) Program. Currently suspended but valid for loans that close by December 29, 2017, the MCC program may be reinstated in 2018. Be on the lookout for future updates. MCC offers eligible borrowers a federal tax credit and deduction on paid mortgage interest.      

 

 

Conforming Loan Limits Rising in 2018

http://files.constantcontact.com/95ac02fd401/c9ca0f36-c374-4a4b-8f58-dbda976d6b97.jpg

For the second year in a row, maximum conforming loan limits for conventional mortgages to be acquired by Fannie Mae and Freddie Mac will be increasing in 2018, according to the Federal Housing Finance Agency. In Hawaii and other high-cost areas, conforming loan limits will rise to $679,650 from $636,150 for one-unit properties effective January 1, 2018. In most of the country, the 2018 maximum loan limit for one-unit properties will be $453,100 from $424,100. Conforming loan limits also apply to government loans, including VA and FHA. 

 

2018 Conforming Loan Limits

County

Conforming Limit

High Balance Limit

Honolulu

$679,650

$721,050

Hawaii County

$679,650

$679,650

Maui

$679,650

$679,650

Kauai

$679,650

$713,000

Kalawao 

$679,650

$679,650

 

Click here to view a complete list. 

Benefits of Higher Conforming Loan Limits

  • Increased purchasing power. Allows first-time and repeat buyers to borrow larger amounts.
  • Better rates and terms. Conforming loans have lower down payment, more competitive interest rates, and less stringent underwriting standards compared to non-conforming (jumbo) loans.
  • More affordability. Reduces the need for non-conforming mortgages, which have higher interest rates and monthly payments.

From: Tony Cadiz NMLS #653663 Branch Manager Cell: 808-268-3399 eFax: 808-675-5491 tcadiz@MidPacLoansHI.com www.MidPacLoansHI.com 

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12/19/2017 10:52 PM

5061 Kawaihau Rd, Kapaa, 3 bedrooms, 1 bath, Land area:  5,990 sq ft, Living area:  1,038

Price reduced after only 18 days on the market because seller wants it SOLD!

Showing times available:

  • Dec 21, Thurs. 5-6pm.  Call for appt: Cory Mira, R(S) - 808.635.7809 Elite Pacific Properties
  • Dec 22, Fri. 5-6pm.  Call for appt: Tim Mira, R(B) - 808.639.2263 Elite Pacific Properties
  • Dec 23, Sat. 10am-noon.  Call for appt: Tim Mira, R(B) - 808.639.2263 Elite Pacific Properties

 

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