Koloa, HI

This post of for my Kauai contacts seeking information on condo sales history in the Poiipu, Kauai area. Data has been extracted from our Kauai multiple list system and charted in Excel.

The first chart is for "legacy condos". I use the term "legacy condos" to mean those built in 1990 or earlier. Much of Poipu was constructed in the 1979-1980 time frame so this data applies mostly to resale units as opposed to new construction. The data is as reported in our Kauai MLS system with leasehold, timeshare, and shared-ownership excluded. The yellow trend line constructed automatically by Excel shows a decline of around 25% when comparing today's prices to early 2006. That does not necessarily mean an individual unit has declined in value by that amount as this is only a measure of what is selling.

For my contacts interested in the Makahuena condo complex, I offer the chart below. Note that the 2 sharp spikes are for units with direct ocean frontage which command higher prices. Also, the one labeled "Straight-On-Oceanview" is uniquely positioned so as to have an awesome direct oceanview without actually being oceanfront itself. No trend line is presented as it's not meaningful for the mix of oceanfront and non-oceanfront sales. Makahuena is located on rocky cliffs above the ocean and the views are as awesome as the ocean spray is wet. The chart background photo is from the Makahuena grounds.

Information herein is deemed reliable but is not guaranteed and should not be relied on for purchase or sale decisions.

Aloha!

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After a week in which the financial system almost ground to a halt, governments of the industrialised world seem at last to have found the right tools to get credit markets moving again. At the weekend and early on Monday October 13th officials in Europe, America and Asia announced unprecedented and comprehensive plans to prop up failing banks, guarantee their loans and flood the world with cash by providing unlimited dollar funds through central banks. At first blush-and in contrast to previous failures after half-hearted efforts-the new plans seem to be working. Stockmarkets rose around the world on Monday, although the real sign that the situation is improving will come in the credit markets this week.

Ref: The Economist

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Since my office is in the Koloa/Poipu area, I track condo sales there very closely. The 2 charts below show a 12-month history and a 24-month history. Each chart shows median sales price and the number of units sold. Data is for fee-simple, full-ownership properties on Kauai's South Shore. The bold lines are trend lines and the dashed lines represent the underlying data.

Data shows the number of sales has continued to decline while median sales prices are relatively flat. Data represents what is selling and not necessarily the value of an individual property.

Aloha,

Visit www.KauaiRocks.com for Hawaii real estate information

Congratulations!

I'm pleased that my clients just closed on their lot in Poipu Beach Estates on the island of Kauai.

Sales price was $675,000 for a lot of 16,208 sf in a brand new community just minutes from world-famous Poipu Beach

Congratulations to the new owners, Steve & Carla, and mahalo (thanks) for allowing me to assist in making your dream of Hawaii real estate ownership a reality.

Contact me if you would like to consider a purchase in Poipu Beach Estates or a similar community on Kauai.

Visit www.KauaiRocks.com for the latest in Hawaii real estate information.