lyndagill

Real Estate News Another solid week for closed transactions and properties going into escrow.  Kauai is benefiting for the race to get properties into escrow for the first time homebuyer credit.  To get this you need to have a binding written contract in place by April 30 and close no later than June 30, 2010.  For an excel spreadsheet on what is in escrow, sold and new listings CLICK HERE FOR SPREADSHEET   United Airlines and Continental Merger Talks Stall Out Talks between United... Read Full Story

Monster Week For Properties Going Into Escrow This last week the closed transactions were good but the number of properties that went into escrow were absolutely huge.  Quick snapshot of our numbers for residential homes;  I checked Aprils numbers and I found that the Median Sale Price on the South Shore for residential homes  is up by 4.69% , the Princeville Median Sales Price is down by <21.08%> but that is lower than the <42.00%> they had the month before.  On a personal note I just... Read Full Story

Kauai Real Estate Has Another Great Week The month of March brought us more good Real Estate sales news.  Just like February we saw some huge gains in all areas except Commercial and Business sales.  On difference is this month the Median Sales Price gap is smaller than last.  Taken from the sales data that was entered into our Multiple Listing Data Base for the month of March here are some figures of interest to you; Compare Number of SOLD Condominiums Poipu Area up from 3 in March... Read Full Story

Another Good Real Estate Week For Kauai This was another great week of a substantial number of properties going under contract followed by a nice number of properties that were reported as sold!  The sale that caught my eye was an estate that was sold at a “luxury auction”.  This 6,015 square foot home was situated on 5.79 acres on the north shore.  It was bought for $3.5 million in 2001.  The auction was really hyped up with pre-auction press material, post cards etc.  The starting bid was... Read Full Story

Kauai Real Estate   Last week we had a huge number of properties go into escrow as you will see on my excel spreadsheet.  The numbers are showing some nice activity for properties that are able to be sold at a price reflecting current comps which is key at this point in our market.  The mainland buyers are those that have been watching for a while and feel now is the time to “pull the trigger”.  Resident first time home buyers are using their tax credit to take advantage of the low priced... Read Full Story

Weather Report…… The winds were really with us again in the first part of this week along with sudden downpoars.  Then it got just beautiful; sunshine, not too hot….not too cold….sunny….and then came the rains again.  It’s been a bit of a mixed bag and we all are running out and enjoying the good weather when it shows up.  So if you don’t like the weather?  Wait a half hour! Good News On The Interest Rate Front   Last Tuesday the Federal Reserve has left its key interest rate near 0... Read Full Story

Rain, Wind, Rain and Wind Three pressure systems have been circling the islands this last week giving us weather that will change at the drop of a hat. For the most part the earlier part of the week was wind, wind and more wind with showers on and off. By Friday, Saturday and Sunday the days would sift constantly from nice sunshiny “wear a tank top” weather to the skies suddenly darkening and strong down spurts of rain making us run for cover. It’s been a week of not being able to count on... Read Full Story

Housing Rebounding? “Oahu Home Sales Continue At Fast Pace”  “Maui Home Sales Rise As Prices Fall” “Kauai homes sales jump 82 percent”   These are the headlines that we are now seeing on the front pages of our newspapers and they are accompanied by statistics to support their headlines.  Got my attention!  I thought I’d check out what Kauai did island wide for the month of February.  By using real statistics as inputted into our Multiple Listing Service here’s what I found:  For the Month... Read Full Story

Tsunami! Saturday morning started for my husband and I with a phone call at 5:45 a.m. from the Civil Defense Department warning us of an approaching tsunami.  We were awake anyways as we were planning on going golfing so we were watching the morning news when the call came.  I checked our phone book as the news had suggested to make sure that our home is not in a tsunami zone which it was not but, our main access road is Poipu Road which looked like it would be blocked off.  We decided to... Read Full Story

Body Found in Kalalau Valley A week ago last Sunday Inter-Island Helicopters was doing a typical tour of the Kalalau Valley when the saw that “SOS” had been scrawled on the sand by the campers in the valley.  They notified the Police Department who sent a rescue specialist to the site.  One of the campers said that he had hiked back into the valley because a man who is in his late 50’s was overdue to come back.  Once there they found him dead in his sleeping bag.  The remains were turned... Read Full Story