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| Taxkey | Location | Price | Days on Market |
| 4-3-3-3-28-36 | Halelani Village #D104 | $200,000 | 33 |
| 4-5-3-6-22-71 | Kaiulani Of Princeville #71 | $835,000 | 130 |
| 4-3-3-17-127 | Pikake Subd Lot #:1732 | $267,500 | 43 |
| 4-2-1-9-40 | 819 Laulea St | $459,000 | 33 |
| 4-4-6-17-66-1 | 4928 Laipo Rd | $299,900 | 156 |
| 4-4-6-15-13-5 | 4896 Nunu Rd #5 | $339,000 | 74 |
| 4-5-2-20-98 | 4362 Ulua St | $595,000 | 123 |

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| Start of Recession | Worst two quarters | Change peak-to-trough | Change in unemployment rate* | Quarters in recession | Quarters of slow growth |
| 1948 | -3.5 | -1.7 | 3.3 | 4 | 0 |
| 1953 | -4.3 | -2.6 | 3.4 | 4 | 5 |
| 1957 | -7.4 | -3.2 | 3.4 | 3 | 8 |
| 1960 | -2.3 | -0.5 | 1.9 | 3 | 4 |
| 1969 | -1.3 | -0.2 | 2.6 | 4 | 10 |
| 1973 | -3.1 | -3.1 | 4.1 | 5 | 8 |
| 1980 | -4.3 | -2.2 | 2 | 2 | 7 |
| 1981 | -5.6 | -2.6 | 3.3 | 5 | 7 |
| 1990 | -2.5 | -1.3 | 2.4 | 2 | 11 |
| 2001 | -0.1 | 0.3 | 2.2 | 3 | 11 |
| 2008 (Projected) | -3 | -1.6 | 3.1 | 3 | 12 |

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According to today's Garden Island newspaper, Poipu's largest project, Kukui'ula is laying off about 20% of it's staff because of market conditions. The president is reported to have said he hoped no additional cuts would be necessary which leaves open the possibility that there could be more later. It is reported that timelines for the homes, golf course, and shopping center are unaffected by this.
Photo in The Garden Island newspaper
Kukui'ula is the largest ongoing development project on Kauai's South Shore. The develoepr, Kukui'ula Development Company is comprised of a partnership between A&B Properties, Inc and DMB Associates, Inc. A&B is a Hawaii company with extensive land holdings and DMB is an Arizone company with extensive experience in luxury home communities.
Kukui'ula is still marketing their homes and home sites. I have information on the project including pricing and availability for those who are interested.
Aloha
Search Kauai/Big Island | Search Maui | Email | About Me | Website| Phone/Text (808) 651-4550

Engineering Hawaii Dreams Today--Helping Buyers Find Dream Homes & Sellers Find Buyers
Visit www.KauaiRocks.com for Hawaii real estate information
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| Location | Price | Sold Price | List/Sale | Bdms | Bths | Living Area | DOM | Sold Date | $/SF |
| 2963 Pua Alani Pl | $1,695,000 | $1,350,000 | 79.65% | 6 | 4.5 | 4,019 | 52 | 6/26/2008 | $336.00 |
| 4432 Lawai Beach Rd | $5,900,000 | $5,650,000 | 95.76% | 3 | 2 | 2,341 | 656 | 7/7/2008 | $2,414.00 |
| 1709 Keoniloa Pl | $1,299,000 | $1,150,000 | 88.53% | 4 | 3.5 | 2,202 | 23 | 2/19/2008 | $522.00 |
| 2737 Milo Hae Loop | $1,299,000 | $1,200,000 | 92.38% | 3 | 2.5 | 2,231 | 39 | 3/14/2008 | $538.00 |
| 2859 Milo Hae Loop | $1,395,000 | $1,340,000 | 96.06% | 4 | 3.5 | 3,676 | 188 | 3/18/2008 | $365.00 |
| 1691 Kelaukia St | $1,450,000 | $1,338,000 | 92.28% | 4 | 3 | 2,135 | 129 | 7/16/2008 | $627.00 |
| 5344 Puuone Pl | $1,750,000 | $1,551,000 | 88.63% | 4 | 3.5 | 3,537 | 253 | 2/26/2008 | $439.00 |
| Wainani At Kiahuna | $1,795,000 | $1,650,000 | 91.92% | 3 | 3.5 | 2,026 | 81 | 7/3/2008 | $814.00 |
| 2888 Milo Hae Loop | $1,799,000 | $1,710,000 | 95.05% | 3 | 3 | 2,322 | 25 | 2/28/2008 | $736.00 |
| 1552 Pee Rd | $1,880,000 | $1,720,000 | 91.49% | 4 | 2.5 | 2,601 | 76 | 3/5/2008 | $661.00 |
| 5387 Milo Hae Pl | $1,880,000 | $1,750,000 | 93.09% | 3 | 3 | 2,763 | 23 | 2/11/2008 | $633.00 |
| 2228 Iukika Pl | $1,900,000 | $1,750,000 | 92.11% | 5 | 4 | 2,950 | 116 | 6/16/2008 | $593.00 |
| 5347 Puuone Pl | $1,995,000 | $1,862,500 | 93.36% | 3 | 3 | 3,124 | 72 | 6/5/2008 | $596.00 |
| 2671 Puuone St | $1,995,000 | $1,775,000 | 88.97% | 2 | 2.5 | 2,123 | 293 | 2/26/2008 | $836.00 |
| 2868 Milo Hae Loop | $1,995,000 | $1,780,000 | 89.22% | 4 | 4 | 3,261 | 67 | 6/10/2008 | $546.00 |
| 5314 Opua Pl | $2,100,000 | $1,700,000 | 80.95% | 3 | 3 | 2,161 | 26 | 9/5/2008 | $787.00 |
| Median >> | $1,839,500 | $1,705,000 | 92.01% | 3.5 | 3 | 2,471 | 74 | $611.50 |

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The chart above tracks the annual mean average sale price of fee-simple condominiums in Princeville and Poipu. Although similar in statistical performance, the overall running average appreciation trend line for Poipu edges out Princeville by approximately 3% overall (Poipu: 18% vs. Princeville: 15%).
All things considered, Kauai condominium appreciation historically has done well against most other investment vehicles while generating income and offering significant tax deductions and personal use benefits.

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