kalaheoyogascheduleandopeningflyer.docKalaheo now has it’s own brand new yoga studio offering yoga and mat Pilates classes! Morning and evening classes every weekday. Six different instructors and many types of classes to choose from. Grand Opening Celebration Sunday, May 3, 2009 with free classes all day.
This Sunday, December 21st there will be an open house tour of many of the fine homes currently for sale in the Kai Ikena Neighborhood of Kalaheo, Kauai. Many of the lovely homes will be open for viewing from 10: am until 3:00 pm. Kalaheo is a small residential and rural town above the south shore of Kauai. Kai Ikena is one of the area’s most desirable neighborhoods which boasts spectacular mountain and beautiful ocean views down the mountain to Poipu. Homes for sale in this neighborhood range from $590,000 to over $1,000,000. For more information check the Open house directory of Kauai Real Estate Weekly, the classified section of the Garden Island Newspaper or call 808-635-0165.
There’s a new great value home for sale in the neighborhood!
4124-A Pai Street is a 3 bedroom/3 bath home with a bonus loft/play room upstairs plus an office space and bath on the garage level. Lots of room for an active family or a possible lockout apartment.
Beautiful bamboo flooring in entrance, living room and kitchen. Upgraded kitchen features granite countertops and stainless appliances. Open floor plan perfect for gatherings with family and friends. Screened lanai is perfect for enjoying cool breezes without the bugs!
Bonus loft makes for the perfect TV/play room for the kids or office with a view for an adult. Solar hot water heating system installed. Two car garage has been completely tiled and converted into a spacious game room.
Do you have a friend or family member looking for just the right house at the right price? This could be it!
Call Fran McDonald, RA, ABR at 808-635-0165 for more info or for an appointment to view this beautiful home.
How has the recent turmoil in the mortgage and real estate market affected sales and values in Kai Ikena? Here are some recent statistics for the neighborhood as of October 10, 2008:
Currently there are no pending sales (properties that are under contract but not sold yet) in Kai Ikena. With the downturn of the market we are even seeing some properties selling for less than what the Seller paid for it.
The home I have listed on Oni Place at $550,000 is in the unfortunate position of being for sale for less than the owner owes on it – this is what we call a short sale. However, two of the most recent home sales in the neighborhood sold in less than a month and both sold for over $750,000. Lot sales are also maintaining values well over $200,000. So even though sales are down, values haven’t dropped drastically. If you need to sell your property in this market, pricing it correctly is the most important factor. For Buyers, it is a good time to buy! Mortgage rates are still low and Sellers are finally reducing their prices to current market prices instead of prices based on the price boom of a couple of years ago.
Whether you are interested in buying or selling, or even just keeping up with the real estate market, please call or email me if I can be of assistance.
Fran McDonald, RA, ABR, Makai Prioperties, LLC, 808-635-0165 or FraninKauai@aol.com or check my website: www.FransKauaiRealEstate.com
2007 saw the sale of two homes at over $1,000,000 in our neighborhood!
These were not your average home built in 1989, but newer, larger homes in the neighborhood. Still, this bodes well for the neighborhood holding it’s value against the newer, and some say,”more desirable” neighborhood of Kakela Makai Oceanview Subdivision. In 2006, there were two other sales in the neighborhood in the range of, and over, $1,000,000, bringing the total sales at $1,000,000+ to four.
Recent activity has seen a home on Panui that was listed at $1,290,000 and also a lot on Pai Street that was listed at $399,000 go under contract. It looks like the $1 million trend is continuing.
In 2007, there were 9 homes sales with an average selling price of $825,944. Currently, there are 5 homes actively on the market with an average asking price of $839,400.
There were and no lot sales in 2007. The last lot sale was in August of 2005 at a price of $315,000. As of now, there are 3 lots actively for sale in the neighborhood with an average asking price of $366,334. The neighborhood has almost reached complete “build out”.
If you are interested in receiving a free market analysis to find out the current market value of your home or property, or if you are interested in buying real estate in this neighborhood or anywhere in the Kalaheo /south shore area, please call Fran McDonald, RA, ABR at 635-0165 or email FraninKauai@aol.com.
This past year has been a year of price adjustments and a “softening market”. You’ve probably heard people say that the real estate market is down or that the “bubble has burst”.
What I believe is really happening is a correction of the market. We saw unprecedented appreciation, low inventory and high demand from 2000-2005, resulting in a sky rocketing of prices. In many cases, asking prices overshot the “real market value”. This level of appreciation could not be maintained any longer and the result is a necessary correction.
Increased inventory, brought on by the previous demand, also contributes to the softening market. Buyers have more properties to choose from and it is generally taking longer to sell a property than it was a year or two ago.
However, if you look back just five years ago, in 2002 the average home sales price in Kai Ikena was approximately $365,000. Over the past twelve months the average home sales price in the neighborhood was over $820,000. In comparison, in 2002 there were only seven homes sales in Kai ikena. In the past twelve months there have been ten home sales in the neighborhood. Not bad for a depressed market!
Call or email Fran at 808-635-0165 or FraninKauai@aol.com to find out the current market value of your home.
Aloha!
My name is Fran McDonald. I am a Realtor- Associate with Makai Properties, LLC in Poipu.
You may already know me as your neighbor. I live in the cedar house at the corner of Kai Ikena and Uka Ikena with my family; my husband, Mark (or Mac as he is known by many), our 15 year old son, Kyle, our Australian Shepherd dog, Chopper, and our cat, Fluffy. Our daughter, Kelsey, is away at college in California. We have lived in the neighborhood for over 5 years now and love it. I truly think this is the best place to live on Kauai, and Kauai is the best place to live in the world!
I would like to tell you a little about my qualifications as your Kai Ikena Neighborhood Real Estate Specialist.
Over the past two years I have sold over $9 million in real estate, most of which has been in the Kai Ikena neighborhood or the surrounding Kalaheo and Lawai area. Since Kai Ikena is my neighborhood also, I keep up on what is happening very closely.
My brokerage company, Makai Properties, LLC is the leader in real estate sales on the south shore, selling more real estate in our area than all other real estate companies combined! This means you get not only my expertise in the Kai Ikena area, but the expertise of my Brokers and the entire office of top agents as a team to help you sell your home!
I am a member of the Kauai Board of Realtors and a member of the multiple listing service. This means we cooperate with other brokerages in sales. We share our listing information and invite all MLS member Realtors to bring their Buyers to our listings. In return I have access to information on any property listed on the MLS and can show and sell not just Makai Properties’ listings, but any property listed with any other Brokerage on the island.
I have earned the designation of ABR, Accredited Buyer Representative by the NAR, National Association of REALTORS ® and REBAC, the Real Estate BUYER”S AGENT Council, Inc.
I look forward to representing you in your next real estate transaction!
Call me at 808-635-0165 or email me at FraninKauai@aol.com
Check out my website at www.FransKauaiRealEstate.com
