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Koloa, HI

Kauai Properties in escrow Last Seven Days

James G. Pycha (R), Kauai Estate Broker: Real Estate Brokerage in Princeville, HI

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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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Kauai Tourism Numbers & Recessions

James G. Pycha (R), Kauai Estate Broker: Real Estate Brokerage in Princeville, HI

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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Poipu's Largest Development Project Announces Layoffs

Richard T Dolbeare (RA), ABR, CRS, RSPS, BS/MS - Engineering Hawaii Dreams Today: Real Estate Agent in Koloa, HI

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.

The Garden Island photo 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

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Richard Dolbeare (RA)

Engineering Hawaii Dreams Today--Helping Buyers Find Dream Homes & Sellers Find Buyers

Visit www.KauaiRocks.com for Hawaii real estate information

Poipu Home Sales - Last 180 Days

James G. Pycha (R), Kauai Estate Broker: Real Estate Brokerage in Princeville, HI

Popu

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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Poipu and Princeville Condo Comparison

James G. Pycha (R), Kauai Estate Broker: Real Estate Brokerage in Princeville, HI

Poipu-Princeville

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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