Real estate is the largest investment that many of us will ever make so it's critical that buyers and sellers have access to essential information. This blog provides key news and information about Hawaii real estate and the lifestyle one enjoys when living in Hawaii.
RECENT BLOG POSTS
A market update for Ma'alaea Maui follows. Ma'alaea is a centrally-located area on Maui with 10 condominiums with approximately 564 units and 8 homes. I live in Ma'alaea and love it here. Additional information is available upon request. For self-service, go to www.MauiSandCastles.com/maalaea
The Kauai housing market continues to be tight in the residential areas while ample home (not condo) inventory remains in the resort areas of the North Shore (Princeville et al) with ample home & condo inventory on the South Shore (Poipu et al). Six Months is considered the break point between a...
Our guest speaker at the Maui General Membership Meeting in July was the renowned economist, Paul Brewbaker. Mr. Brewbaker is always entertaining in addition to having a ton of information on the real estate market. In the past, he has talked of the real estate market being cyclical with 10 yea...
Lauloa 2 bedroom oceanfront condominium sales haven't yet consistently pushed past the $600,000 price point but sale prices are close. I'll not be surprised to see the next one break that price point as there is 1 pending and 1 listing both well above $600,000. Lauloa is one of 10 condominium pr...
Kauai and Maui median sales prices were up substantially in 2016. Here is a summary extracted from data provided by Old Republic Title & Escrow of Hawaii. Islands & Property Type 2016 2015 Increase Kauai Homes $625,500 $612,000 2.21% Kauai Condos $399,500 $360,000 10.97% Maui Homes (Incl Maui, L...
Hokulei Village in Lihue on the island of Kauai has been fully open for a year now. It's absolutely awesome to have a full-size grocery store in Lihue given the traffic difficulty in driving to Kapaa. The image below was posted in August 2015 shortly before the Safeway opened. The difference b...
Paul Brewbaker presented at the Kauai Board of Realtors and Realtors Association of Maui in July. I attended the Maui meeting and came away with the following takaways. Ecomonic expansion cycles were 2 years before 1929, 4 years from 1933 to 1981, and then 8 years from 1982 to 2007. Currently w...
Absorption rate (how many months of active inventory) is a market health indicator where 6 months is typically viewed as a balanced market. Current Kauai data shows a sluggish market in the South Shore and North Side areas while the Central area (Lihue) is quite a hot market. The residential (a...
Kauai real estate sales continues to grow after with major setbacks in 2001 and 2007. Sales bounced back quickly after the 9/11 attack but it has taken longer after the economic collapse. In fact, sales still are not back to the frienzied levels which peaked in 2006 during the housing bubble.Th...
The year 2015 is now well behind us as we rapidly move forward in 2016. Accordingly, 2015 data can now be added to the chart that I maintain for Maui home & condo sales activity. As a stacked chart, a change in a price group shows as a taller band. As can be seen, the biggest change in 2015 is...