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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

Category: Default

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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11/22/2017 11:35 AM

Kauai Kailani #116 is a  2 bedroom/1 bath ground floor unit on the east side of Kauai.  This completely remodeled Kapaa condo is located poolside.  Kauai Kailani is an oceanfront condomoinium complex that boasts 57 fee simple units.   Walk to Safeway and Starbucks, which are conveniently located across the Kuhio highway fronting the Kauai Kailani condos.  

For more info:   http://www.kauaipropertysearch.com/listing/mls-612753.html

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11/03/2017 12:38 PM

Kauai real estate transactions for the month of October 2017 are reflected on the graph above.  49 Kauai residential homes,  21 vacant Kauai land properties and 57 Kauai condos were sold on  the island of Kauai in October 2017. The Koloa district  led sales with 48 transactions, followed by  Hanalei with 28,  Kapaa with 27 transactions,  Lihue with 21 transactions, and Waimea with 3 transactions. (See previous blog posts for prior months' statistics)

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10/05/2017 06:07 PM

MIRA Kauai Statistics September 2017 by kauaisky on Scribd. 

 See  at bottom of page to "zoom in" and   for "full screen"

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09/29/2017 03:48 PM
Saturday, Sept 30,2017, from 10am to 3pm approximately 40+ homes throughout the island of Kauai will be available for viewing. TEAM Mira will be at 2 Kalaheo locations, 4279 Kai Ikena Dr. and Rita Lane, off Kaumualii Hwy. Please come by and visit us at any of those locations and make sure to drop in at the other locations listed. Have a FUN Saturday!!

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09/28/2017 10:28 AM
TEAM Mira highly recommends the Homeownership Class for all first-time homebuyers. Actually, it's a good class for ALL homeowners. Hawaii Homeowership Center is a nonprofit agency committed to helping Hawaii families secure housing for their ohana. Tonight is an orientation class.

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09/21/2017 01:38 PM

Visit with us at Pacific Tile (Lihue Industrial Ph II) on Sept 27, Wednesday, 4-7pm for food, drinks and win a 10% discount on your tile order. Also come and see the wide array of tile and stone options for your flooring needs. Janna Arrisgado, of Daltile and Kevin Coronas of Laticrete are Oahu reps that will be on site to answer questions about their products.

For info about event, contact:  Tim Mira, R(B): 808.639.2263, timmira@elitepacific.com  or Cory Mira, R(S): 808.635.7809, corymira@elitepacific.com

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09/18/2017 09:45 AM

The Federal Reserve Economic Data report  shows that the 30 year Fixed Rate Mortgage Average in the United States is hovering at it's lowest points.  We bought our first property in the 80's and although prices for land/homes were lower, we were  so excited to get an 8% rate on our loan. Prices are higher now, but interest rates are  50% lower than what we  paid back in the 80's.  See a lender and find out how much house/condo/land you can afford at these low rates.  We would love to help you make that purchase.    

 www.fred.stlouisfed.org

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09/15/2017 07:56 AM

2020 Hoone Rd is located right across Poipu Beach Park.  MLS 608003 just reduced by $1,000,000.  Offered now at $6,500,000.  This is a rare Poipu offering. Residential zoning with many possibilities (Buyers responsible for checking with County agencies for all improvement requirements.)

  • 4 cesspools located on the property
  • 2 units.  Main dwelling has 3 bedrooms and 2 baths. Additional Dwelling Unit (ADU) offers 2 bedrooms and a single bath.
  • Permitted storage structure with full bath
  • Sold AS IS.

Contact:  Tim Mira, RB  808.639.2263  or Cory Mira, RS  808.635.7809

 

 

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09/06/2017 07:46 AM

 

  • REDUCED  from $879,000 to $834,000  ($45,000 reduction)
  • 4279 Kai Ikena Dr., Kai Ikena subdivision in Kalaheo. MLS# 607273
  • Close to Kalaheo elementary school, town, fire station, churches and eateries
  • Expansive ocean views of Kauai's southshore coastline.
  • 3,24 square feet living area
  • The 2 stories above  garage,  3 bedrooms  and 3  bathrooms.
  • Open floorplan - kitchen, dining room and living room
  • Lots of storage space throughout house 
  • Massive storage area that will accommodate all your DIY projects or shelter from natural disasters. 

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

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