Kauai and Muai year-to-date sales statistics through August 2009 compared to the same period in 2008 show that this continues to be an unprecedented opportunity for buyers. Selection is huge and prices are down substantially There remains a large amount of inventory to be cleared out before downward price pressures ease. An upturn in number of sales is key to that and there are hints that this may now be happening. Some economists think we may be at or near the bottom of the cycle.
This Month's Update
Year-to-Date Median Sales Price (Jan-August 2009)
| Type | Kauai | % Change | Maui | % Change | |
| Single Family Homes | $470,000 | -27% | $515,000 | -14% | |
| Condominiums | $330,000 | -42% | $560,000 | -4% | |
| Vacant Land | $284,500 | -54% | $512,000 | -27% |
Year-to-Date Number of Sales (Jan-August 2009)
| Type | Kauai | % Change | Maui | % Change | |
| Single Family Homes | 153 | -26% | 397 | -38% | |
| Condominiums | 100 | -26% | 526 | -16% | |
| Vacant Land | 48 | -41% | 65 | -21% |
One of the most striking differences between the Kauai and Maui markets is condo sales (both numbers and prices). It has been my "soft" observation that new construction on Maui has continued through the downturn while most has stopped on Kauai and this data adds support to this. Note that previously unreported 2009 sales of the new Honua Kai project on Maui's Westside are included for the first time.
[Data extracted from Kauai and Maui multiple list reports. Data is deemed reliable but is not guaranteed and should not be relied on for buying or selling decisions. There are likely to be differing opinions and interpretations of the data.]
Aloha & Mahalo!
Search Kauai/Big Island | Search Maui | Email | About Me | Visit 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
Gay & Robinson announced this week that late October would mark the end of sugar cane production on Kauai. All other companies had previously exited the business so this is the end for what was once Kauai's main agricultural crop. Annual burning of sugar cane fields as shown in the photo produced widespread smoke and ash but it was accepted because of the desire to keep much of the island's land in agriculture. Perhaps it is fitting that there is a partial rainbow over the smoke in the photo below.
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There is still a possibility that sugar cane could be grown in the future for production of ethanol fuels but the infrastructure for that is not currently in place. Source of this information is today's Garden Island Newspaper.
Many are surprised to learn that the new dominate crop is seed corn. However this is much smaller in scale and does not need the extensive acreage of sugar cane. Also, there is local resistance to this business because of fears about genetic modification so the jury is still out on its future.
Aloha!
Search Kauai/Big Island | Search Maui | Email | About Me | Visit 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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Another great place to visit on Maryland's Eastern Shore, St. Michaels (9/14/2009).
Aloha!
Search Kauai/Big Island | Search Maui | Email | About Me | Visit 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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This is such a delightful city and I miss it a lot but the draw of Hawaii was just too strong (9/15/2009)
Aloha!
Search Kauai/Big Island | Search Maui | Email | About Me | Visit 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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It happened quickly and I was surprised to see my quick shot had captured the flyover prior to gametime
Aloha!
Search Kauai/Big Island | Search Maui | Email | About Me | Visit 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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Richard is a Hawaii real estate agent with extensive knowledge of the Kauai & Maui markets. He lives and works on both islands and offers unique insight to his clients. Richard holds BS & MS degrees.
Strong credentials for buyer and seller representation.
A resident and full-time, licensed real estate agent in Hawaii, specializing in Kauai & Maui properties. University education with BS & MS degrees combined with 35 years of corporate business & management experience. Recognized as a Century 21 All Islands Top Producer (see awards below).VIP Marketing Plan assures aggressive marketing for my owner-clients who wish professional assistance in selling their properties.
Certified Residential Specialist (CRS), the "granddaddy" of real estate certifications An Accredited Buyer Representative (ABRâ) with excellence in representing buyers. Certified as an e-PRO so important in electronic transactions with mainland clients Custom website with first-page Google & Yahoo ranking Invaluable Buyer Information Package for my clientsSuccess-oriented and accustomed to doing what it takes to make your dreams come true.
Patty in Lakeville, MN
"I just bought a home on Kauai with a referral that you gave me. Richard Dolbeare has been an outstanding and helpful realtor who I will strongly recommend to family and friends. He is a very knowledgeable, warm and friendly, helpful, with a great sense of humor to boot! Please do offer him many more referrals, cause he will not do you wrong! We found him to be very ethical and professional to boot!"
C & R in Fresno, CA
"Dear Richard,
Thank you for all of your help! You are the best! We appreciate all of your insight."
DS in Koloa, HI
"I just wanted to say mahalo for the very thoughtful package you sent us recently."
Chris, Rami, Kylie (A.K.A. "Squirt")
"Thank you so much for your professionalism, Aloha Spirit and real estate knowledge. Wow! You work fast, intelligently and with extreme personability! We feel so blessed that you were recommended to us. We hope you enjoy our tropical gift basket. Thank you for helping us get our slice of paradise."
I work hard for my clients, even this fellow who was looking for a banana farm!!!
[All information contained herein is deemed reliable but not guaranteed]
I'm a REALTOR-ASSOCIATE® holding the Accredited Buyer Representative (ABR), Certified Residential Specialist (CRS), and e-PRO designations from the NATIONAL ASSOCIATION OF REALTORS®. I also hold BS and MS degrees from Southern Illinois University and have extensive experience in engineering management. This is an unusual combination of credentials on the Outer Islands which assures you are working with a true professional. I have a wealth of knowledge and experience to help you realize your dream of home ownership in Hawaii.
In 2004 I left my position as an Engineering Department Manager in a major aerospace corporation to pursue my dream of living and working in Hawaii. I had already developed extensive experience in Hawaii real estate through the purchase and rental of four properties on Kauai and this rewarding experience provided a bridge to my new real estate career. I first joined Century 21 All Islands and then recently moved to Keller Williams Realty continue my growth with the 3rd largest real estate franchise in America. The most enjoyable part of my job comes from meeting people both near and far and in helping them realize their dream of home ownership in Hawaii. I'm a successful and knowledgable agent with sales that typically put me in or near the top 10% of all Kauai agents. This means I'm highly experienced and yet have time to assist each individual client with their transaction.
In 2008 I continued my Kauai sales activity while broadening my services to include Maui where I now reside nearly half time. Living and working on both Kauai and Maui gives me unique knowledge and perspectives that allow me to provide an unmatched level of service to my clients. I continue to be successful even though the number of sales has been reduced by approximately half over previous years.
I can help you realize your Hawaii dreams. I will work with you directly on Kauai and Maui or will refer you to qualified agents on other islands. Please visit my website at http://www.KauaiRocks.com for a wealth of helpful information including access to property listings.
Mahalo and Aloha,
Richard Dolbeare (RA)
Keller Williams Realty
Aloha@RichardDolbeare.com
For news and detailed information about Kauai, visit www.KauaiRocks.com. Special sections for buyers, renters, and sellers are most helpful and informative. Here you can search all the active listings on Kauai that meet home and land features that you select. There is information on government functions, schools, pets, farmers markets, and much, much more. Visit today and visit often!
Or if your interest is Maui, then please visit www.MauiSandCastles.com. Here you can search all the active listings on Maui that meet home and land features that you select. Content is being added regularly so check back often!
For property searches throughout the entire state of Hawaii, visit http://www.KauaiRocks.com. Here you will find search results with properties positioned on a map which my clients love. Some listings may not show up with this type of search, an anomaly which may be due to street addresses that haven't been mapped yet.
What other agent do you know who provides such comprehensive searching capability as described above? I know this is important to most home buyers who prefer to start their search in the comfort of their home office without someone looking over their shoulder. When you're ready for assistance and the extensive knowledge I have on the Hawaii real estate market, please, please contact me to make your dreams come true.
Aloha
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