Kauai Newsletter Summer 2018

There is no drought in Kauai this summer. I am sure that it is widely known that Kauai had an overabundance of rain this winter and spring.

Residents and tourists had complained about the rainy weather until April 14/15 when Kauai found out what too much rain really was. In a twenty-four-hour period, record rain fell accompanied by prolonged thunder and lightning. Gauges in Waipa in the Hanalei Valley recorded 49.69 inches. The roads at the one-way bridges north of Hanalei were washed out. This stranded residents and tourists all the way to the end of the island. They were evacuated by boat and helicopter if they chose. Many stayed, and neighbors, tourists, and strangers helped those impacted to clean up as much of the damage as they could. The Opakapaka Grill and the Hanalei Colony Resort coordinated their efforts to feed, house, and provide medical facilities. They were and continue to be essential to the health and well-being of people in need.

An example of resiliency and cooperation was that three days after the Hanalei schools reopened, a satellite school was set up at the Hanalei Colony Resort to enable more than 30 students from Hanalei Elementary and Kapaa High to complete the school year on time. The Kauai Relief and Recovery Fund at the Hawaii Community Foundation was created and has exceeded more than $1.5 million in donations.

The temporary repair north of Hanalei is still limited to residents and workers, but the rest of the Northshore is open.

The rains also affected construction and any other outdoor projects. The new Kilauea shopping center lost over 140 workdays during the winter/spring. No date is set for the grand opening. The new urgent care center in Princeville, on the other hand, is up and running on schedule providing much needed medical services to the community. The volcano eruption continues. The geographical lesson that we have found hard to convey is that we live IN Hawaii but not ON the island of Hawaii. Following Mother Nature’s imprint, there has been some downturn of tourists to the Big Island, but the effect on the rest of the state has been negligible. Moreover, Southwest Airlines has announced that it will be serving Hawaii (including Lihue) non-stop from California airports and will also be offering interisland flights. The president of Hawaiian Airlines said that we might have a fare war if the latter development prevails. Watch for this new service late this year or in early 2019.

Real Estate sales, prices continue to rise on Kauai. The median price of a single-family home on our island was $752,000 in June a 7% increase over 2017. Condo median prices were up 17% to $599,000 island wide.

Several new ventures have been announced. The North Shore Preserve has been given approval to market 17 new lots to the north and east of the Prince golf course. Lot sizes will vary between 2 and 7 acres and most will have spectacular views as well as beach access. When you are visiting the North Shore, call and I will arrange a tour. Makahuena Estates, a 13 acre parcel of oceanfront land along the Poipu Beach coastline, will be the first newly constructed oceanfront subdivision offered for sale in that area in 68 years. The project will feature 10 luxury single family homes and will have an accessible beach path for the public.

Properties in the Visitor Destination Areas of Poipu, Princeville and the Coconut Coast, of course, have the higher sales prices. Many purchasers in the VDA’s do put their properties in rental programs to offset expenses. I have several listings that return $80 to $100 thousand in rental income with owners using the property up to four months a year. I have also have assisted sellers who own in Princeville II where the covenants allow minimal rentals of one month. There are several exceptional buys in this newer Princeville area and an expanding market for seasonal and monthly rentals. Find a great travel buy and come out to Kauai in the coming year. I would look forward to “talking story” with you and show you what Kauai has to offer. Call me at (808) 652-2984 or e-mail me at joe@joewilliamshawaii.com. My website www.joewilliamshawaii.com can be used to search the Kauai MLS at your own convenience.


Joseph "Joe" Williams,  REALTOR RS, CRS, SFR, e-PRO
Oceanfront Sotheby's International Realty - License #61461
Phone: 808-652-2984 | Email: joe@joewilliamshawaii.com
Website: www.JoeWilliamsHawaii.com