Kakela Makai Oceanview Home Sales

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, you can see that even in this “depressed” market, appreciation of homes and lots in the Kakela Makai neighborhood has been considerable. In 2002, the average selling price for a lot in the neighborhood was $147,043. The average selling price over the last year is now at $408,645. In comparison, home sales have increased from $449,500 in 2002 to as high as $1,251,000 in 2006. Even though sales slowed and prices corrected in 2007 to an average sales price of $919,000 it’s still a considerable amount of appreciation.

Call or email Fran at 808-635-0165 or FraninKauai@aol.com to find out the current market value of your home or lot.

Aloha!

My name is Fran McDonald. I am a Realtor-Associate with Makai Properties, LLC in Poipu.

You may already know me as a member of the Kakela Makai Homowners Association. My husband and I are owners of Lot 34 in Phase III (at the bottom of the most western cul de sac). We currently live in the Kai Ikena neighborhood, but plan to build a new home in Kakela Makai in the near future. We have lived in Kalaheo for over five years now and love it! I would like to tell you a little about my qualifications as your Kakela Makai Neighborhood Real Estate Specialist.

Over the past two years I have sold over $9 million in real estate, much of which has been in the Kakela Makai neighborhood or the surrounding Kalaheo and Lawai area. Since Kakela Makai 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 Kakela Makai 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!