Real Estate Sales Data for the Island of Kauai for December 2014

Source: Hawaii Information Services

Single Family Home Sales Data for the Island of Kauai
December 2014 - 34 Houses Sold - $832,500 Median Price
December 2013 - 42 Houses Sold - $454,500 Median Price

Condominium Sales Data for the Island of Kauai
December 2014 - 24 Condos Sold - $400,000 Median Price
December 2013 - 21 Condos Sold - $380,000 Median Price

Source: Honolulu Star Advertiser, 1-6-2015, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
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Real Estate Sales Data for the Island of Kauai for November 2014

Source: Hawaii Information Services

Single Family Home Sales Data for the Island of Kauai

November 2014 - 35 Houses Sold - $499,000 Median Price

November 2013 - 30 Houses Sold - $589,500 Median Price

Condominium Sales Data for the Island of Kauai

November 2014 - 16 Condos Sold - $397,500 Median Price

November 2013 - 27 Condos Sold - $290,000 Median Price

Source: Honolulu Star Advertiser, 12-11-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
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Real Estate Sales Data for the Island of Kauai for October 2014

Source: Hawaii Information Services

Single Family Home Sales Data for the Island of Kauai

October 2014 - 35 Houses Sold - $475,000 Median Price

October 2013 - 32 Houses Sold - $580,000 Median Price

Condominium Sales Data for the Island of Kauai

October 2014 - 29 Condos Sold - $226,675 Median Price

October 2013 - 33 Condos Sold - $320,000 Median Price

Source: Honolulu Star Advertiser, 11-7-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
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Real Estate Sales Data for the Island of Kauai for September 2014

Source: Hawaii Information Services

Single Family Home Sales Data for the Island of Kauai

September 2014 - 39 Houses Sold - $560,000 Median Price

September 2013 - 39 Houses Sold - $490,000 Median Price

Condominium Sales Data for the Island of Kauai

September 2014 - 23 Condos Sold - $232,500 Median Price

September 2013 - 28 Condos Sold - $207,500 Median Price

Source: Honolulu Star Advertiser, 10-7-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
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Kauai Economic Update

Jack Suyderhoud, an economics professor at the University of Hawaii Shidler College of Buisness and an advisor to First Hawaiian Bank, gave an economic update for Kauai where he noted that the island's economy is holding steady but not increasing.  Suyderhoud stated, "Like the rest of the state, the Garden Isle has seen strong tourism growth evolve into weakness in early 2014. There is concern that Kauai's costs for airfare and lodging have turned off some price-sensitive market segments. Thus Kauai needs to improve its value proposition to visitors. However, this has not yet hurt the overall economy (on Kauai) as real estate sales and prices have remained on positive trajectories benefiting from jobs and income growth and continued low interest rates. Guarded optimism may be the best description for 2015, especially if construction breaks out."

Source: Honolulu Star Advertiser, 10-3-2014, www.staradvertiser.com
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Real Estate Sales Data for the Island of Kauai for August 2014

Source: Hawaii Information Services

Single Family Home Sales Data for the Island of Kauai
August 2014 - 49 Houses Sold - $521,500 Median Price
August 2013 - 37 Houses Sold - $685,000 Median Price

Condominium Sales Data for the Island of Kauai
August 2014 - 20 Condos Sold - $300,000 Median Price
August 2013 - 27 Condos Sold - $274,000 Median Price

Source: Honolulu Star Advertiser, 9-6-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
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Real Estate Sales Data for Kauai for July 2014

Source: Hawaii Information Services

Single Family Home Sales Data for the Island of Kauai
July 2014 - 35 Houses Sold - $495,000 Median Price
July 2013 - 40 Houses Sold - $432,500 Median Price

Condominium Sales Data for the Island of Kauai
July 2014 - 30 Condos Sold - $378,500 Median Price
July 2013 - 39 Condos Sold - $268,000 Median Price

Source: Honolulu Star Advertiser, 8-6-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
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Real Estate Sales Data for the Island of Kauai for June 2014

Source: Hawaii Information Services

Single Family Home Sales Data for the Island of Kauai
June 2014 - 52 Houses Sold - $560,750 Median Price
June 2013 - 42 Houses Sold - $515,000 Median Price

Condominium Sales Data for the Island of Kauai
June 2014 - 35 Condos Sold - $349,000 Median Price
June 2013 - 43 Condos Sold - $267,000 Median Price

Source: Honolulu Star Advertiser, 7-8-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
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Real Estate Sales Data for the Island of Kauai for May 2014

Source: Hawaii Information Services

Single Family Home Sales Data for the Island of Kauai
May 2014 - 47 Houses Sold - $530,000 Median Price
May 2013 - 42 Houses Sold - $519,500 Median Price

Condominium Sales Data for the Island of Kauai
May 2014 - 35 Condos Sold - $385,000 Median Price
May 2013 - 30 Condos Sold - $364,750 Median Price

Source: Honolulu Star Advertiser, 6-6-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
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Coco Palms Resort of Kauai to Reopen in 2017 Under Hyatt Management

In 1992, the Coco Palms Resort on the island of Kauai was forced to close their doors due to the devastation caused by Hurricane Iniki.  Since then, several investment groups had expressed interest in redeveloping the property, but for various reasons, none were able to do so.  In 2013, a locat investment group calling themselves the Coco Palms Hui LLC purchased the property for $12.3 million and a just this past week announced that they will be reopening the 363-room resort to guests in 2017 under the management of Hyatt. Tyler Greene, the manager of Coco Palms Hui LLC, stated, "Our endeavor to revitalize the grounds and rebuild, all the while preserving the soul of the iconic resort, is an ambitious project. We are delighted to join forces with Hyatt, another Hawaiian icon of hospitality that has been delivering authentic hospitality to guests for over 30 years in Hawaii."

Bernard Carvalho Jr., the mayor of Kauai, added, "The redevelopment of The Coco Palms Resort is not just a feel-good story. The investment of time, money and labor to revitalize the resort grounds and reignite the spirit of this legendary hotel is great news for our community. Hyatt's brand presence in our community with Grand Hyatt Kauai Resort & Spa is exemplary and we look forward to Hyatt's contributions as our community continues to grow in importance as a tourist destination."

Source: Honolulu Star Advertiser, 5-22-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
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Health Care Clinic in Kalaheo, Kauai to Close in September

The Hawaii Health System Corp. was announced that they will be closing their primary care clinic at Kala­heo, Kauai in September 2014.  Services and patients will be transferred to their facility at Port Allen, approximately four miles away.  Interim Chief Executive Officer for Kauai for HHSC, Scott McFarland, explained that the inadequate funding from the state of Hawaii and the rising costs of medical expenses forced the company to make this decision.  McFarland stated, "Neighbor island health care as a result of this lack of funding and financing is in jeopardy. The region requires a very high level of subsidy currently. Kauai is more of a canary in the coal mine for the fiscal health of the statewide system."

Alice Hall, the President and CEO for the entire Hawaii Health System Corp., added that medical companies can no longer sustain the rising costs of health care while continuing to provide the same levels of service.  Hall stated, "The state can't afford to come up with more and more money, and we can't absorb these costs. We're going to have to explore all plausible ideas on how to cut expenses, which may include cutting services and reductions in force. We believe all our services are essential, but we must examine all options in order to make up for the huge deficit that we're anticipating for next year."

Source: Honolulu Star Advertiser, 5-20-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
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Real Estate Sales Data for the Island of Kauai

Source: Hawaii Information Services

Single Family Home Sales Data for the Island of Kauai
April 2014 - 39 Houses Sold - $560,000 Median Price
April 2013 - 55 Houses Sold - $575,000 Median Price

Condominium Sales Data for the Island of Kauai
April 2014 - 32 Condos Sold - $366,500 Median Price
April 2013 - 45 Condos Sold - $335,000 Median Price

Source: Honolulu Star Advertiser, 5-6-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
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Real Estate Sales Data for the Island of Kauai in March 2014

Source: Hawaii Information Service

Single Family Home Sales for the Island of Kauai

March 2014 - 46 Houses Sold - $562,500 Median Price

March 2013 - 37 Houses Sold - $477,500 Median Price

Condominium Sales for the Island of Kauai

March 2014 - 23 Condos Sold - $295,000 Median Price

March 2013 - 26 Condos Sold - $360,000 Median Price

Source: Honolulu Star Advertiser, 4-8-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
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Kauai Real Estate Sales Data for January 2014

Source: Hawaii Information Service

Single Family Home Sales Data for the Island of Kauai:
January 2014 - 20 Homes Sold - $483,750 Median Price
January 2013 - 29 Homes Sold - $405,000 Median Price

Condominium Sales Data for the Island of Kauai:
January 2014 - 33 Condos Sold - $310,000 Median Price
January 2013 - 15 Condos Sold - $300,000 Median Price

Source: Honolulu Star Advertiser, 2-6-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
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Kauai Real Estate Sales Data for December 2013

Source: Hawaii Information Service

Single Family Home Sales for the Island of Kauai
December 2013 - 42 Homes Sold - $454,500 Median Price
December 2012 - 47 Homes Sold - $460,000 Median Price

Condominium Sales for the Island of Kauai
December 2013 - 20 Condos Sold - $410,000 Median Price
December 2012 - 26 Condos Sold - $272,500 Median Price

Source: Honolulu Star Advertiser, 1-7-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
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Kauai Real Estate Sales Data for November 2013

Source: Hawaii Information Service

Single Family Home Sales for the Island of Kauai
November 2013 - 30 Homes Sold - $589,500 Median Price
November 2012 - 37 Homes Sold - $522,500 Median Price

Condominium Sales for the Island of Kauai
November 2013 - 26 Condos Sold - $301,000 Median Price
November 2012 - 28 Condos Sold - $294,000 Median Price

Source: Honolulu Star Advertiser, 12-6-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
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Kauai Real Estate Data for October 2013

Source: Hawaii Information Service

Single Family Home Sales for the Island of Kauai
October 2013 - 30 Homes Sold - $586,000 Median Price
October 2012 - 39 Homes Sold - $410,000 Median Price

Condominium Sales for the Island of Kauai
October 2013 - 33 Condos Sold - $320,000 Median Price
October 2012 - 29 Condos Sold - $250,000 Median Price

Source: Honolulu Star Advertiser, 11-6-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
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Kauai Mayor Vetos Pesticide Bill

Bernard Carvalho, the mayor of the island of Kauai, decided to veto Bill 2491, which would require "the mandatory disclosure of pesticide use by agribusinesses and implementation of buffer zones near schools, dwellings, medical facilities, public roadways and waterways."  The mayor stated the the bill is legally flawed and submitted a 66-page document from the City and County of Kauai's legal council as evidence for his decision.  The legal council pointed out that the state's Department of Agriculture has been given authority by the federal government to regulate pesticides, which would pre-empt any local authority (the city and county of Kauai) from enacting any additional laws.  Furthermore, as proposed, Kauai would not be legally be allowed to enforce the law.  Carvalho commented, "I felt the people should know of the legal issues before me."

Supporters of the bill are furious of the mayor's decision.  Andrea Brower, an advocate of Bill 2491, stated, "I consider what the mayor did today as betrayal to the people of Kauai and betrayal of his duties to protect the health and well-being of the people of Kauai."  The Kauai City Council now has 30 days to decide if they should meet and vote to push the bill forward despite the mayor's veto.

Source: Honolulu Star Advertiser, 11-1-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
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Two Kauai Hospital in Desperate Need of Funding

Kauai Hawaii Health Systems Corporation is requesting $7.3 million in emergency funding from the state of Hawaii to keep two rural hospital on Kauai afloat until the spring of 2014.  The two hospital are the Samuel Mahelona Memorial Hospital, which has the only inpatient psychiatric unit on the island, and the Kauai Veterans Memorial Hospital.  The Kauai Hawaii Health Systems Corporation also manages three clinics in Waimea, Kalaheo, and Port Allen.  The Mahelona hospital and the Kauai Veterans Memorial Hospital serves approximately 7,000 emergency room patients at each facility per year.  Both hospitals also have long term care patients and some acute care patients as well.

According to the acting president and CEO pf the Kauai Hawaii Health Systems Corporation, Alice Hall, services may be cut if state lawmakers are unable to approve the funds. Hall commented, "They're not going to make it through spring without the money."  Long-term financial solutions are currently being discussed including the possibility of creating a public-private partnership with another hospital system.

Source: Honolulu Star Advertiser, 10-30-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
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Kauai Real Estate Sales Data for September 2013

Source: Hawaii Information Service

Single Family Home Sales for the Island of Kauai
September 2013 - 39 Homes Sold - $490,000 Median Price
September 2012 - 34 Homes Sold - $524,500 Median Price

Condominium Sales for the Island of Kauai
September 2013 - 28 Condos Sold - $207,500 Median Price
September 2012 - 21 Condos Sold - $325,000 Median Price

Source: Honolulu Star Advertiser, 10-8-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
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