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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

11/18/2011 04:58 PM

As of October 31, 2011 (year-to-date),  the number of Kauai  residential homes increased 7% from last year.  The number of Kauai Condo sales showed an even greater percentage increase of 16.50% from last year.  On the other hand, the number of Kauai vacant land sales decreased by 14% as compared to last year.

 

  Kauai Island Real Estate

  Increase  (Decrease)

   from 2010

  Residential

     7%

  Vacant Land

  (14%)

  Condos

   16.50%

 

Despite the distressed economy,  Kauai's increase in home purchases seem to be due to the availability of  the many homes that are unfortunately being sold via short sale or because of foreclosure.    Kauai land sales continue to struggle because of the difficulty  to obtain financing for vacant land.   On the other hand, Kauai's condo market seem to be doing very well.  Kauai's second home market has seen an increase in activity also due to the low prices generated by the many preforeclosure and foreclosure condos on the market.  In this situation as well, despite the distress economy, Kauai's second home market  seems to be priced right and very favorable for those who find Kauai a treasured vacation destination.  

 

Below are the percentages (by district) based on the total number of real estate sales for the month of October 2011:

Kauai residential  homes:  Hanalei district 38%, Koloa district 20%, Kawaihau district 15%, Lihue district 15%, Waimea district 12%

Kauai vacant land:  Hanalei district 40%, Kawaihau district 30%, Koloa district 30%

Kauai  condos:  Hanalei district 30%,  Koloa district 30%,  Kawaihau district 20%,  Lihue district 20%

 

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10/22/2011 05:08 PM

 

Four new homes at Poipu Beach Estates are finally bringing life to this new Poipu community.  Poipu Beach Estates is situated between Koloa Landing Resort and the Kiahuna Golf Course. See my "Top Picks" for the lots that I think are priced right.

 

 

 

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10/17/2011 08:27 AM

 

Good morning Kauai!  Just reminding myself of what a blessing it is to be living here.  Have a great week!

 

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09/26/2011 03:35 PM

 

 This is for those of you who never read the leaflets that accompany your utility bills:

 

 

 

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07/07/2011 01:20 PM

 A Paddle Fest,which included outrigger canoes and paddles boarders, concluded the final day of the 10 day Koloa Plantation Days event. I'm always up for a fun challenge, so I entered the short course, from Poipu Beach park to Kukui'ula Harbor. I opted for the SUP mode of transportation and graciously registered myself into the appropriate age category, which happily resulted in a 1st place win.

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07/07/2011 12:47 PM

Money magazine listed Oahu as the leader of the "10 most expensive housings markets".  See article:

http://money.cnn.com/galleries/2011/real_estate/1106/gallery.highest_priced_markets/index.html

Beautiful weather, limited land space  and the fact that it costs so darn much to ship things over to Hawaii is attributed to the high cost of homes in Hawaii, says Money magazine.

But then again, we already know that...don't we??  ;)

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