Coco Palms Meltdown, Superferry Breakdown and Hawaii Living Revealed! September 16
Wow! This is a two cups of coffee cup morning because I’ve got two newsmaking headlines for you all in addition to the weekly Kauai Listings and Closings post. Historic Coco Palms, Kauai’s flagship hotel in the 1950’s and 1960’s has been shut down since hurricane Iniki in 1992. This hotel was made famous world wide by Elvis in Blue Hawaii. Several times plans had been made to resurrect the hotel and this last time looked to be the most promising, until Thursday. The developer decided to sell the resort property partly because the County has refused to allow a full scale spa. For the full story taken from the Garden Island Newspaper click here… Coco Palms Meltdown Superferry CEO John Baribaldi has given a time line for the Superferry to remain idle while the the controversal issue is being discussed in the courts, government and the general public. For the full story as reported by the Honolulu Advertiser click here…Superferry Breakdown
And the Census Says
Here are some census facts about our State that you might find interesting. My favorite is our average commuting time being 25 minutes! Despite the slowdown in real estate our median price remains strong….
Hawaii ranks third in the nation for median monthly housing costs: $1,959.
Hawaii’s median housing value is the second highest in the nation, after California, at $529,700. That’s up from $453,600 in 2005.
Other highlights:
· Hawaii ranks first in carpooling, with 16 percent saying they rode with someone else to work.
· Hawaii is third in average household size at 2.88 people.
· The state is third in the number of households receiving some kind of retirement income, 22.2.
· Household income ranks fourth at $61,160.
· At 28.2 percent, Hawaii is second for the percentage of households with at least one member who is 65 or older.
· Hawaii ranks first among states for the percentage of Native Hawaiian and Pacific Islander residents (8.7 percent) and people whose ethnicity is exclusively Asian (39.9 percent).
· Hawaii ranks 48th in owner-occupied housing. Sixty percent live in housing owned by someone else.
· The average commuting time in Hawaii is 25.5 minutes and ranks 12th. That’s actually down from 25.7 minutes in 2005.
The American Community Survey is available at www.census.gov.
AND HERE IS THE REAL ESTATE NEW LISTINGS AND SALE FOR LAST WEEK….Kauai New Listing and Sales September 10 to the 16th
Ryan Oct 16
A friend of mine is a big fan of the Coco Palms of Elvis’ era. Hopefully something can be done with the property that better suits it and its history.