NEWS FROM KAUAI -
Newsletter Spring, 2010
Joseph “Joe” Williams, RA The last cool winds of winter seem to have
passed through the Hawaiian Islands. The unexpected warm, dry and
summery days of January and February gave way to a cooler March. With all there is to see and do here, most
visitors escaping the cold did not seem to mind a windy March. They
flocked to Hanalei Bay beach, now rated number one in North America.
Others brought or rented clubs and tried out the redesigned Makai
course which opened on schedule in January. Several holes have been
completely redone. The former ocean and lakes nines have now become
the Makai Golf Course. In Poipu, the acclaimed Poipu Bay course will
close on April 1 for renovation of greens and traps with plans to
reopen by the end of the year. This should result in more play for
the Prince and the Makai courses and more visitors to the North
Shore. The recession has continued to hurt the tourist
industry with arrivals down about 10%. This winter has been the year
of the Canadian visitor, especially residents from the western
provinces. The Canadian dollar has fared well against the Yankee
dollar, and a new nonstop flight
from Vancouver to Lihue on West Jet has helped spur some home buying
by our friends north of the border. Local hotels and many condo owners are
discounting accommodations at the present time. In addition, a
number of new stores and restaurants have opened (Merriman's in
Poipu and the gourmet Kauai Grill Room in the Princeville St. Regis
are excellent). With these and other incentives in mind, it is a
good time to plan a visit or a return trip to Kauai. Prospective property buyers will find some
significant values in our real estate market. The bargain hunters
have gobbled up a large share of the distressed condos and homes,
but there are still good properties
and good prices to be found. Although Kauai does not have a
significant percentage of short sales and foreclosures, there have
been enough of them to hold prices down. Currently we are selling at
2004 prices and with mortgage rates at a 50 year low, qualified
buyers will do quite well. For those who like statistics, figures released this week show that home and condo sales for Kauai increased by 147% over the same period in 2009. Prices were up 6.7% As a seasoned real estate professional, I would
look forward to working with you to find your dream home, vacation
hideaway or investment property here in Paradise. Please check out
my website
www.joewilliamshawaii.com
where you will find all MLS listings plus other Kauai features. Let
me know when you might be coming out,
and I will do some preliminaries for you. Although last year was a
difficult time for real estate, I was the leading realtor in
Princeville closing more properties than anyone else. The
testimonials you will find on my website illustrate the care and
concern I have for my clients and my devotion to the values of
honesty and integrity. Come see us in 2010. Mahalo, Joe
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