Happy
Holidays from Kauai, chosen this month by
National Geographic Travel as one of the 40 best travel
destinations in the world for 2017. Kauai, chosen for its
beauty, discovery and breathtaking views from every area of the
island, is one of only three listed from the United States.
Those of us who live here heartily agree.
We are proud that an
unbiased source substantiates the local opinion.
Lihue
was also named one of
Expedia’s Top 20 best sunset destinations.
Everyone who has
visited Kauai knows that there are beautiful sunsets no matter
where you go here, but Lihue got the top mention.
Weather-wise our summer was beautiful without the very hot
temperatures of the past two years.
In the fall there was enough
rain to keep our island green and flowers beautiful, but few
washout days for golf and other outdoor activities. The Prince
Course remains closed. The Coconut Wireless reports that it may
open in April.
I don’t believe the website has any official
update.
The Garden Island continues to remake itself; a
new shopping center, the Kilauea Lighthouse Village,
has broken
ground.
You will have to wait until my next newsletter to get a
list of new stores.
A grocery store and a savings bank are
already tenants to be.
The Market at Kilauea will be a 10,000
sq. ft. neighborhood grocery acting as the anchor store.
It
will concentrate on locally grown and prepared foods. The space
left by the closing of C.J.’s is due to be opened as an Italian
restaurant in the spring. An entire remodel is going on right
now.
In Kapaa, a Ross’s (Dress for Less) store is going into
the vacant area where Long’s used to be.
Want to buy a hotel? It was recently reported in
Pacific Business News that the St. Regis in Princeville is for
sale. The St. Regis which is owed by a California public
employees union is managed by Starwood which has been sold to
Marriott. Watch this one to see what upscale chain takes over.
There is a big increase in construction at the
south end of the island. Kukui’ula, a very high end destination,
has seen a large boost in homes and cottages after years of slow
growth. Private homes and new luxury condos are also being built
on the Kiahuna golf course in Poipu.
With all of these developments it is no wonder
that the Kauai economy is booming. The Garden Island recently
reported that our unemployment rate was at 3%, the lowest in 9
years. Many of the new jobs are, of course, in the construction
industry.
Residential real estate has been steady. Hawaii
Information Service which
tracks sales reports a 5% drop in
sales volume on island from 10/31/16 to 11/1/16. However, the
number of sold properties increased by 34 %.
Clearly buyers
were taking advantage of good investment opportunities
particularly on the North Shore. Properties built in the first
decade of the 21st century had high price run ups and
then dropped back.
As new buyers come in, they are now getting
excellent buys.
For buyers on the fence, take note that the
time for waiting has ended.
We are seeing record numbers of
visitors.
Christmas isn’t even here yet and parking lots are
much more crowded than usual. Airlines report near capacity
flights, and this week Hawaiian Airlines announced plans to
serve European cities.
I know that many of my readers have dreamed of
having a second or even primary home here. If you want to make
that a reality or even explore the possibility, please get in
touch.
Next year will mark my 14th year in Kauai
real estate. I know this island well and know where the
opportunities are.
You can explore real estate through my
website
www.joewilliamshawaii.com. Or you can e-mail me or call. I
love to “talk story” about our piece of paradise.
Best wishes for the holidays.
Mele
Kalikimaka and Hau’oli Makahiki Hou.
Mahalo,


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