Author Archives: James Pycha

How’s the real estate market in Kauai?

Locals and visitors of Kauai are all enthralled by the Garden Isle’s effortless beauty and laidback beach community ambiance. At Kauai, you can find a great selection of beautifully designed single-family homes, condos and townhomes with scenic ocean views as well as luxury estates featuring resort-style amenities. If you’d like to know more about the current state of the Kauai real estate market, read on:

Overview

Sales this November were at 56, down 29% compared to November 2013, which had 79 sales. Land sales experienced a significant drop as well, with only 6, compared to last year’s 20. Condos didn’t do too well either, with 15 sales compared to last year’s 27. Single-family homes, however, had 35 sales compared to 30 in the same period last year.

The midpoint of this year showed promising signs, with year-to-date sales at 542 in June, compared to June 2013’s 493. Year-to-date sales in the last quarter have still shown an increase, though not quite as dramatic – it was 919 this November, up by 5 compared to last year’s 914.

This year also saw the lowest sales volume for the past six years, with just $35M in total, compared to $44M of last year. November 2009 had $48M, 2010 had $46M, 2011 had a record-high $74M, and 2012 had $48M.

Land sales were this year’s high point. Although land sales in the South Shore were down by 26%, prices have gone up by 32%. The land sales in Lihue are also down 45%, but prices are up 14%. Land prices throughout the island are increasing as well.

Median sales price for single-family homes was lower this year at $499k this past November, compared to $589,400 last year. The land median price increased from $327,500 in November 2013 to $601,500 this November 2014. Condos experienced an increase in price as well – from $290k last year, it went up to $400k this November.

Living in Kauai: Lifestyle Guide

The beautiful Garden Isle of Kauai has plenty to offer both residents and visitors. There are many reasons to live in Kauai: the endless outdoor adventures, breathtaking surroundings, spectacular beaches, and scenic golf courses are all but a few of Kauai’s great features. Here, people looking for a laidback lifestyle in gorgeous natural surroundings will feel right at home.

So what will you find in this island paradise? Here’s a sampling of what’s available here:

Napali Coast

This stunning piece of coast is located on Kauai’s North Shore, and is home to some of the most breathtaking natural scenery in all of Hawaii. Admire the majestic Pacific Ocean along with verdant peaks that gently roll into deep, lush valleys and waterfalls. Hikers can go on an unforgettable 11-mile trek before setting up camp at the beach of Hanakoa.

Whale Watching

No other feeling compares to seeing a magnificent humpback whale for the very first time. Head to Kauai’s shorelines during the months of December to May, and get a glimpse of one of these amazing creatures. Go on a tour or charter a boat, and get ready for an incredible experience.

Hukilau Lanai

Hukilau Lanai is an award-winning restaurant with an excellent assortment of culinary creations featuring local Kauai products, produce, and food. Try the Lobster Bisque, Hukilau Mixed Grill, Goat Cheese Wonton, Coconut Coast Cooler, Chocolate Warm Cake, and other delectable delights.

Old Koloa Town

For a truly one-of-a-kind shopping experience, spend a day at Old Koloa Town and admire the old-fashioned storefronts, browse for unique local products, and shop for souvenirs. If you’d like to know more about the historical town, you can visit the Koloa History Center, which features exhibits and displays about Old Koloa Town’s plantation past.

Hanalei Town

Hanalei Town is a small, peaceful beachfront community that’s home to historic places, art galleries, taro fields, and the stunningly picturesque Hanalei Bay. Here, you can shop for authentic Kauai art carved out of native wood, enjoy ukulele concerts, and relax in the rich, beach town atmosphere while admiring the sunset from the Hanalei Pier.

Living in Kauai: Schools and Educational Institutions

There’s a good selection of top-notch schools in the Kauai area. The selection of public schools, charter schools, independent schools, parochial schools, pre-kindergarten schools, as well as colleges and universities all offer students quality education.

If you’re moving to the area and are looking to enroll your child at a school in Kauai, here’s information about some of the schools available in the area:

Island School Kauai

Island School is a private independent college preparatory school for elementary, middle, and high school students. The school encourages students to have a passion for learning and new experiences, and teaches them the value of creativity, critical thinking, and respect for self and others.

Island School’s academic program is designed to help students learn through art, music, self-understanding, social interaction, and athletics.

For more information, contact Island School at 808-246-0233 or visit their website at ischool.org.

Kanuikapono Charter School

Kanuikapono has an excellent community-centered education program with a curriculum that teaches values through Hawaiian culture and nature-based methods. The school encourages its students to value our environment and instills in them a great love for nature by providing them with a “school without walls,” where natural surroundings serve as the ideal place for learning. Kanuikapono also provides plenty of learning opportunities through after-school programs, youth leadership programs, and sports and recreation programs.

While Kanuikapono’s curriculum is based on Hawaiian values and methods of learning, the school welcomes anyone passionate about learning and appreciative of Hawaiian culture.

To know more about Kanuikapono Charter School, call them at 808-822-9032, or visit their website at kanuikapono.org.

Kauai Community College

Kauai Community College is Kauai’s only college. It is part of the University of Hawaii system, and offers culinary arts, liberal arts, health, hospitality, early childhood education, agriculture, technology, electronics, business courses, and more.

The college encourages artistic and intellectual growth, and is dedicated to making each student a learner with a continuing thirst for knowledge, appreciation for diversity, and positive outlook towards life.

Kauai Community College welcomes students of all ages, cultures, and backgrounds.

For more information, call Kauai Community College at 808-245-8225, or visit their site at Kauai.hawaii.edu.

Kauai Real Estate: Pre-Construction Condos and New Developments

There’s a unique and exciting selection of new housing developments and commercial properties currently available in Kauai, each in different stages of development. If you’re looking to discover new investment opportunities or housing options that fit your lifestyle, you’ll find plenty to choose from on the island.

Here are a few of the new projects and developments that are about to launch or are newly available on the Garden Isle:

Kauai Lagoons

Marriot Vacations Worldwide is currently under negotiations with Hawaiian developer Ed Bushor for the sale of its Kauai Lagoons project, one of Hawaii’s largest construction projects. The project was stalled during the recession and was halted in 2008. According to Bushor, he “plans to finish the project and make Chris Hemmeter’s dreams come true.” The late hotel developer Hemmeter was the one who originally planned Kauai Lagoons a decade ago.

Included in the sale are the partially-built Ritz-Carlton residences, subdivisions and ready-to-build home sites with majestic ocean and golf course views, and a 27-hole Jack Nicklaus signature golf course and golf club. Up to 700 residential units can be built on the property.

PiliMai at Poipu

Also stalled during the recession, Brookfield Homes Hawaii has revived its PiliMai at Poipu townhomes project, located on the southern shores of Kauai. Construction has continued on the townhomes, which should be available for prospective homebuyers within four years. The 191-unit project is located on a 19-acre expanse that sits right beside the Kiahuna Golf Club. Future residents at PiliMai will get to enjoy charming plantation-style homes equipped with state-of-the-art amenities and panoramic golf course, ocean and mountain views. Properties are priced from $600k to $700k.

Hokulei Village Shopping Center

The construction of the new Hokulei Village shopping center in Lihue began a year ago, and is scheduled to open in the second quarter of 2015. When completed, Hokulei Village will become one of the largest retail areas in Kauai. The approximately 122,400-square-foot shopping complex will include a Safeway, Walgreens, Petco, Jack in the Box, a Chevron Gas Station, and other tenants.