There is a new community on Kauai's Southwest Side known as Keala'ula located in Eleele with views of Port Allen harbor and the ocean beyond. A 75-unit, multistory condominium project, Kai' Olino, was to have been built between Keala'ula and the harbor but that has been cancelled for now so does not impact the views of the harbor-side homes. Keala'ula (county designation of "Port Allen Residential Subdivision") consists of approximately 60 homes. There appears be 1 vacant home site with very challenging terrain for home construction.
All homes feature 3 bedrooms and 2 baths on a median lot size of around 6,000 square feet (range of 4,632 to 10,253 square feet). The project was completed in 2008 by A&B Properties. Many had shared appreciation and resale restrictions which may have little meaning in today's market.
Summary of Keala'ula Listings
***No Listings as of 4/15/2010***
Information herein is deemed reliable but has not been independently verified and is not guaranteed.
Richard T. Dolbeare (RA), ABR, CRS, e-PRO, RSPS, BS/MS | Keller Williams Realty, 1819 S. Kihei Rd, Ste. D-110, Kihei, HI 96753 | (808) 651-4550 |Aloha@RichardDolbeare.com
Looking at data back to 2000 shows that Kauai sales took a huge tumble indeed beginning in 2006. But that fishhook upturn in 2009 began to look like a trend late last year and it's continuing in 2010! Stay tuned for the next few months as we move beyond the home buyer tax credit.
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Aloha,
Richard on Kauai
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
There was a huge improvement in Kauai's absorption rate in my January update and that improvement has continued through the 1st quarter of 2010. Although still heavily tilted to a Buyer's Market, most categories are now in the 1-2 year range instead of 4, 5, and 10-year (resort-area condos an exception). Most hope that we continue to build on this trend so as to achieve a more balanced market.
1st Quarter 2010 Update
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Aloha!
Kauai real estate sales statistics are in for the 1st quarter of 2010. The figures are island-wide comparisons of current sales versus year ago periods. These figrues are for the entire 1st quarter of 2010 and are more positive than those of a year ago. Sales of all property types have seen a marked increase in the number of sales. Prices have all seen a modest uptick. The percent change is a comparison of 1st quarter 2010 to the same period in 2009.
Number of Sales
| Type | 1st qtr 2010 | % Change |
| Residential | 76 | +73% |
| Condominiums | 55 | +89% |
| Vacant Land | 22 | +100 |
Median Sales Price
| Type | 1st qtr 2010 | % Change |
| Residential | $450,000 | +5% |
| Condominiums | $287,500 | +13% |
| Vacant Land | $252,500 | +20% |
Additional breakdown of this information is available to my clients upon request.
Aloha!
Kauai Beach Resort in Lihue, Kauai
Kauai Beach Resort (KBR) is located North of Lihue in an area with little development other than KBR itself and the adjacent Kauai Beach Villas. While offering a relatively remote, peaceful location, it is convenient to Lihue and the airport which is only a 10-minute drive away. Kauai Beach Resort sits on 12 lushly landscaped acres featuring lagoons, waterfalls, and Kauai's longest beach. There are 345 guest rooms plus restaurant, meeting space, bar, and tennis courts. The majority of the units are in the hotel pool with on-site management by Aqua Resorts. The former Anekoa rental management company is no longer associated with this project. It was operated under the Hilton flag as recently as last year.
Unofficial governing documents for this project can be found at the Hawaiiana website HERE. Although providing a convenient reference, these documents are not "official" documents recorded with the state of Hawaii and thus are not the final authority. Escrow will provide copies of official documents to buyers which warrant careful review.
Building floorplans with unit numbers are available HERE.
Kauai Beach Resort Sales and Listings Information
Summary of Listings (April 2010-includes properties in escrow)
Summary of Sales in Last 6 Months (as of 4/11/2010)
Summary of Sales in Last 12 Months (as of 4/11/2010)
Summary of 2010 Sales (April 2010)
Summary of 2009 Sales
Summary of 2008 Sales
Information herein is deemed reliable but has not been independently verified and is not guaranteed.
Richard T. Dolbeare (RA), ABR, CRS, e-PRO, RSPS, SFR, BS/MS | Keller Williams Realty, 1819 S. Kihei Rd, Ste. D-110, Kihei, HI 96753 | (808) 651-4550 |Aloha@RichardDolbeare.com
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Richard left his engineering management position in Maryland and moved to Kauai in 2004 where he works as a full-time Realtor. His favorite adventure is backpacking the world-famous Kalalau Trail.
Website
www.KauaiRocks.com
I believe in hard work and in being accessible to my clients. You are welcome to contact me 24/7 except when the legendary Menehunes are up and about while the rest of us sleep. That's somewhere between the hours of 9 PM and 7 AM Hawaii time.
Please visit my business website for additional details.
Richard T. Dolbeare, R(B) | Keller Williams Realty | 1819 S. Kihei Rd, Ste D-110, Kihei, HI 96753 | (808) 270-2900
Island of Kauai, the northernmost of the 4 major Hawaiian islands
Please visit my website at http://www.KauaiRocks.com for a wealth of information about Kauai.
Mahalo and Aloha,
Richard
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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