Aloha from Kauai where we hear on the local news each night that
we have “the best weather on the planet”. The local weatherman
may be a bit biased, but it has been beautiful. The “cold”
winds are gone after a very mild winter, and the hot weather has
not arrived. Last summer was the hottest on record, but not
yet this time around.
Things are rather quiet here.
There is no big news regarding The Prince Golf Course, but I can
tell you from personal observations that the ground crews have
been very active on holes eight and nine. The sand traps are
being cleaned, and the mowers are at work. The website says
opening in October, but no promises. When the Prince reopens
there is supposed to be a restaurant included.
The North Shore shuttle is
returning for a three month pilot program on July 15. It will
run from the airport to designated resorts, the shopping center,
Ching Young Village and on to Ke’e Beach.
Hanalei Bay Resort opened Happy
Talk Lounge this spring. You will want to stop and see the
upscale new look. They are serving lunch and dinner. Farther
south behind the Coconut Market Place, Kauai’s first beach
restaurant opened. Lava Lava Beach Club advertises that it is a
“put your toes in the sand” happening. It is a beautiful beach
setting with a variety of menu items.
Groundbreaking has occurred for
the future site of a 24/7 Urgent Care Center on the north
shore. Actual progress has started on the demolition of the
Coconut Palms as plans move ahead for restoration of the site.
The hotel has been closed since it was destroyed by Hurricane
Iniki in 1992.
Visitors often ask me what is
there to do on the island. Bridge players will be glad to know
a new sanctioned ACBL game is available in Lihue each Monday in
addition to games in Princeville on Thursday and Saturday. One
of my clients moved to Kauai after sitting behind an executive
desk for years and became an avid, competitive paddler in one of
the rowing clubs in Hanalei. Most newcomers wonder how they ever
had time to work.
You may have noticed that Century
21 All Islands has a new branding. We are now Fine Homes and
Estates, the luxury division of C21. Our office is in the top
four on Kauai and the #1 office in Princeville.
Real estate sales on island are
holding steady. Total sales volume island wide is just about the
same as last year. The Hanalei District, although down in
volume, still represents nearly half of Kauai’s dollar market.
Single family home median prices
actually increased in the Hanalei District, which encompasses
most of the north shore, from about 1.1 million per unit to a
little over 1.2 million. Hanalei condo prices dropped a bit. The
median price of a condo in Princeville is currently $720,000;
however, it is still possible to purchase an investor unit for
Princeville, the Coconut Coast,
and Poipu are designated as Visitor Destination Areas by the
county which means most of the properties can be vacation
rented. Many buyers use their properties and rent them out
either short or long term. Some condos have covenants
restricting rentals to 30 days. Princeville II, the newer phase
to the east of Princeville I, has this restriction but many
owners have both monthly and seasonal tenants. Villas on the
Prince where I live and Ka’iulani are in Princeville II. Buyers
purchasing in these complexes are primarily second home buyers
who may consider permanent residency. Did you know that those
who do make Kauai their primary residence can file for a
property tax exemption? This exemption often called a homestead
exemption reduces the county assessed value of the property by
$160,000. The exemption is increased to $180,000 at age 60 and
to $200,000 at age 70. Property tax information and other
informative items can be found on the county of Kauai website,
Prospective buyers have questions
about items such as taxes, covenants, and condo restrictions. I
have thirteen years of real estate sales experience on Kauai. I
know a great deal about these issues and about the market here.
I can, hopefully, help you find what you want at a good price.
If you are selling, we can together price your property at a
number that will sell and not linger on the market.
Call me at 808 652 2984, visit my
or e-mail me at
email@example.com. Our brand has changed but not my service.
See you on Kauai.