Residential Sales
Year to date island wide residential sales have continued to increase! At this time last year there had been 118 residential sales and so far this year there have been 125 (7 more sold); an increase of 5.93%. Sales volume is down slightly compared with 2011.  There has been approx. $95.6m in sales so far this year compared with approx. $96.5m in 2011; a decrease of 0.87%.  The median sales price increased to $450,000 year to date compared with $446,250 in 2011.

Condo Sales
The number of condos sold year to date has increased from 91 sold in 2011 to 94 sold so far in 2012 (3 more sold); an increase of 3.30%.  Sales volume for condos has also increased. There was approx. $30.9m in sales last year compared with approx. $33.3m in sales so far for 2012; an increase of 7.76%.  The median sales price increased to $287,500 from $204,900 in 2011; a 40.31% increase.  This is likely due in part to the decreasing inventory of inexpensive “condo-tel” hotel room units available at Kauai Beach Resort.  The sales prices on these units have continued to increase each month this year.  The inventory of super cheap $25,000 units are gone and prices of active listings and those currently in escrow now range from $36,600 – $89,900.

Vacant Land
The number of vacant land parcels sold this year is down compared to 2011.  There have been 34 parcels sold in 2012 compared to 39 at this time last year; a decrease of 12.82%.  Sales volume for vacant land is down 46.52%.  There were approx. $23.8m in sales in 2011 compared with approx. $12.7m so far this year.  The median sales price decreased 33.12% from $385,000 to $257,500.

The above is a look at the market statistics island wide.  If you’d like to know how the market is doing in a specific area of the island just let me know.  I’d be happy to email you a summary!

Residential Sales
Year to date island wide residential sales have increased! At this time last year there had been 91 residential sales and so far this year there have been 96 (5 more sold); an increase of 5.49%. Sales volume is down compared with 2011.  There has been approx. $67.8m in sales so far this year compared with approx. $79.7m in 2011; a decrease of 14.99%.  The median sales price decreased slightly to $449,250 year to date compared with $450,000 in 2011.

Condo Sales
The number of condos sold year to date has decreased from 68 sold in 2011 to 59 sold so far in 2012 (9 less sold); a decrease of 13.24%.  However, sales volume for condos has increased just slightly. There was approx. $20.7m in sales last year compared with approx. $21m in sales so far for 2012; an increase of 1.45%.  The median sales price inreased to $290,000 from $187,450 in 2011; a 54.71% increase.  This is likely due in part to the decreasing inventory of inexpensive “condo-tel” hotel room units available at Kauai Beach Resort.  The sales prices on these units have continued to increase each month this year.  The inventory of super cheap $25,000 units are gone and prices of active listings now range from $44,900 – $89,900.

Vacant Land
The number of vacant land parcels sold this year is down compared to 2011.  There have been 24 parcels sold in 2012 compared to 32 at this time last year; a decrease of 25%.  Sales volume for vacant land is also down 52.62%.  There were approx. $21.5m in sales in 2011 compared with approx. $10.2m so far this year.  The median sales price decreased 29.01% from $405,000 to $287,500.

The above is a look at the market statistics island wide.  If you’d like to know how the market is doing in a specific area of the island just let me know.  I’d be happy to email you a summary!

Residential Sales
Year to date island wide residential sales have increased! At this time last year there had been 56 residential sales and so far this year there have been 63 (7 more sold); an increase of 12.50%. Sales volume is down compared with 2011.  There has been approx. $42m in sales so far this year compared with approx. $57m in 2011; a decrease of 26.23%.  The median sales price decreased to $425,000 year to date compared with $459,000 in 2011.

Condo Sales
The number of condos sold year to date has decreased slightly from 44 sold in 2011 to 40 sold so far in 2012 (4 less sold); a decrease of 9.09%.  However, sales volume for condos has increased  There was approx. $13m in sales last year compared with approx. $15m in sales so far for 2012; an increase of 14.85%.  The median sales price inreased to $295,000 from $188,755 in 2011; a 56.29% increase.  This is likely due in part to the decreasing inventory of inexpensive “condo-tel” hotel room units available at Kauai Beach Resort.  The sales prices on these units have increased over the last few months as well.  The inventory of super cheap $25,000 units are gone.

Vacant Land
The number of vacant land parcels sold this year is down compared to 2011.  There have been 14 parcels sold in 2012 compared to 17 at this time last year; a decrease of 17.65%.  Sales volume for vacant land is also down nearly 50%.  There were approx. $10m in sales in 2011 compared with approx. $5m so far this year.  The median sales price decreased 34.75% from $400,000 to $261,000.

The above is a look at the market statistics island wide.  If you’d like to know how the market is doing in a specific area of the island just let me know.  I’d be happy to email you a summary

Residential Sales
Residential sales for 2011 have remained very steady when compared with 2010. There were 360 residential sales in 2011 compared with 362 in 2010, however sales volume was up compared with 2010.  There was approximately $284m in sales for 2011 compared with approximately $244m in 2010; an increase of 16.44%.  The median sales price decreased to $455,000 compared with $500,000 in 2010.

Condo Sales
The number of condos sold in 2011 increased from 2010.  There were 245 sold in 2010 compared to 290 in 2011 (45 more sold); an increase of 18.37%.  The sales volume for condos increased from approximately $85m sold in 2010 to approximately $92m sold in 2011; an increase of 8.40%.  The median sales price decreased to $227,000 in 2011 compared to $270,000 in 2010.  Keep in mind, this is due in part to the high number of sales of inexpensive “condo-tel”units sold this year at Kauai Beach Resort, many under $50,000.

Vacant Land
The number of vacant land parcels sold in 2011 was down compared to 2010.  There were 97 parcels sold in 2011 compared to 111 in 2010; a decrease of 12.61%.  Sales volume for vacant land was down in 2011 as well by 43%.  There were approx. $83m in sales in 2010 compared with approx. $47m in 2011.  The median sales price increased 5.45% from $275,000 to $290,000.

The above is a look at the Kauai market statistics island wide.  If you’d like to know how the market is doing in a specific area of the island just let me know.  I’d be happy to email you a summary of the market statistics in your area!

The Mediterranean style architecture details high dramatic ceilings and quality craftsmanship throughout.  There is a gourmet chef’s kitchen with gas stove, large pantry, and granite countertops.  The large master suite includes a master bath of spa quality with marble finishes, double vanities, and a Jacuzzi tub.  There is an abundance of closet and storage space throughout the home.

At $985,000 this 4,140sf home is $238 per square foot but remember the square footage is interior only and doesn’t include garages, lanais, and patios! You couldn’t buy a riverfront lot and rebuild this home for anywhere close to this asking price.  For more information or to schedule a private showing contact me today at 808-635-1490 or via email to Kymry@Kymry.com

Sleeping Giant Sotheby’s International Realty
2011 Holiday Greetings – “The Crystal Ball”

 Although 2011 was another challenging year, we are at the end and feel that we have turned the corner. Our office has sold over $72,000,000 this year; a 9% increase over last year. It seems as if we have opened more escrows in the last few months than in the rest of the year combined. Interest rates remain at historic lows and prices appear to have hit the bottom…it’s a great time to buy!

We are seeing many more foreign Buyers—from places such as China, Australia, and Russia and places even more obscure. One Russian Buyer just swooped in and purchased a bluff front property for 25% more than the Seller paid for it two years ago! So, Seller dreams can come true, even in this market!

We are excited for the New Year and the launch of our new office website at www.SleepingGiant.com . Built with award winning technology and featuring numerous enhancements, our new website allows visitors to move seamlessly between interactive property galleries, and Google maps or Google Earth, showing Kauai in 3D, complete with lot lines. Searches can be performed based on property specifics such as elevation, view, frontage, address, area, and much more. The listing pages themselves contain a wealth of information including photos, comparable sold properties, extensive listing details, sales history, permit history, lot lines over satellite imagery and even the basic home layout for most homes.

Of course my personal website, www.Kymry.com , is a great resource for you to visit when searching for property or reading my blog to get the latest Kauai Real Estate news. The search capabilities on my site will be the same as our new office website once the transition is complete. If you missed my Kauai episode of HGTV’s House Hunters that aired earlier this year (the first ever filmed on Kauai!) you can watch it on my website as well.  You can also get the latest Kauai Real Estate news by following me on Facebook at www.Facebook.com/KauaiRealtor or on Twitter at www.Twitter.com/KymryPerez. 

I hope to see you in the coming year. Kauai is still the best place to live, bar none! I wish you and your ohana a wonderful Holiday, and a healthy and successful 2012.

Warmest aloha,

Kymry

Built in 2004 this modern two bedroom, two bathroom corner/end unit is very spacious at 1,258 square feet.  The unit boasts granite countertops and travertine flooring, along with central air conditioning and a central vacuum system. There is a very spacious open kitchen design with stainless steel appliances including a Sub Zero refrigerator.  The unit is beautifully furnished and vacation rental ready.

Looking for amenities?  As part of the Poipu Kai Resort enjoy unlimited use of the pool, jacuzzi, and tennis courts.  Take the pedestrian pathway just a short walk to Brennecke’s/Poipu Beach and the Grand Hyatt Resort & Spa, as well as Shipwreck Beach.  Like to golf? It’s just a minute’s drive from the Poipu Bay Golf Course. 

The asking price was just reduced to $495,000 which is about half of what similar units have sold for in the past.  For more information contact Kymry today at 808-635-1490 or email Kymry@Kymry.com.

Residential Sales
Year to date island wide residential sales have remained pretty steady. At this time last year there had been 276 residential sales and so far this year there have been 294 (18 more sold); a slight increase of 6.52%. Sales volume is up compared with 2010.  There has been approx. $202m in sales this year compared with approx. $181m in 2010; an increase of 11.54%.  The median sales price decreased to $450,000 year to date compared with $500,000 in 2010.

Condo Sales
The number of condos sold year to date has increased from 200 in 2010 to 233 (33 more sold); an increase of over 16.5%.  However, sales volume for condos is down slightly.  There was approx. $63m in sales last year compared with approx. $62m in sales so far for 2011; a decrease of 2.48%.  The median sales price decreased to $220,000.  Keep in mind, this is due in part to the consistent number of sales of inexpensive “condo-tel” hotel room units at Kauai Beach Resort.  There have been 46 sales at Kauai Beach Resort this year with sales prices ranging from $22,400 – $95,000.  30 of the 46 sales sold for under $50,000.

Vacant Land
The number of vacant land parcels sold this year is down compared to 2010.  There have been 80 parcels sold in 2011 compared to 93 at this time last year; a decrease of just under 14%.  Sales volume for vacant land is also down nearly 29%.  There were approx. $53m in sales in 2010 compared with approx. $38m so far this year.  The median sales price increased 8.62% from $290,000 to $315,000.

The above is a look at the market statistics island wide.  If you’d like to know how the market is doing in a specific area of the island just let me know.  I’d be happy to email you a summary of the market statistics in your area!

From your doorstep you’re just a short stroll to Keoneloa Bay, Shipwreck Beach, and the Grand Hyatt Resort & Spa, which has several restaurants, lounges, & shops.  Like to golf?  The Poipu Bay Golf Course is just a short walk away too.  Take the pedestrian pathway in the opposite direction and you’ll find yourself at beautiful Poipu Beach where there are restaurants, shops, Marriott’s Waiohai Beach Resort and the Koa Kea Resort.

Located within the Visitor Destination Area (VDA) of Poipu, this resort home can be your full time island residence, or a vacation home you rent out when you’re not using it.  Ownership in the Bayview subdivision allows for full access to the Poipu Kai pool, jacuzzi, 8 tennis courts, wide open greenbelt areas, and pedestrian pathways. The pedestrian pathways are softly lit in the evenings and ideal for strolling under the stars. Other amenities included are private trash pick-up, 24-hour resort patrol services, private sewer system, and cable TV service.

This property is being offered as a short sale, but according to MLS, the asking price of $650,000 has already been bank approved which means the short sale process could be much faster on this transaction.  If you’re interested and would like to get photos and more information please email me at Kymry@Kymry.com or call 808-635-1490.

Short Walk to Shipwreck Beach & Grand Hyatt Resort & Spa

Wide Open Green Belt Space & Pedestrian Pathways Guide you to Beaches in both Directions.

This property boasts the best of both worlds!  Two separate homes on over a half acre in the heart of Lihue. Conveniently located close to everything, yet tucked away in a quiet neighborhood with stunning ocean views.

The newly renovated 3 bedroom/2.5 bath, 2,818 square foot home has poured concrete walls, stone floors and an expansive open floor plan. Large sliding doors off the living, dining and kitchen areas allow for a seamless indoor/outdoor living experience and constant ocean views. The home features two fireplaces, a loft office space and ocean views from every room.

Just built in 2009, the second home is 1,010 square feet and offers unique income potential, with 2 bedrooms/2 bathrooms and a lanai with ocean view, plus additional storage space.  Live in one home and rent the other!

This private property is set off the street, providing a grand entrance via a circular driveway and large mango and lychee fruit trees guarding the entrance and an avocado tree in back. The furnishings are negotiable and the Seller may consider the possibility of a lease option. Possible opportunity to CPR the lot; potential Buyers should check with the County for confirmation. 

Main Residence, 2,818 square feet, with great ocean view and grand entry way