*****Kauai Real Estate*****
Did you know that we are heading into our slow season? It’s true.
Unlike most of the mainland our sales actually slow down during the
summertime as our visitor demographic changes. Kauai has high
occupancy rates pretty much all year but in the summer it changes to
families who are interested in our market but financially are years
away from buying and here’s why; Vacation rental condos and homes are
not cash flow vehicles and are usually the purchases people make who
want to use them as a part time home with the ability to offset some
of the costs with rental income when they are not using it. The
monthly rental income will cover some of your costs but if you have a
mortgage you’ll be running at a negative for sure. Our family
travelers tend to be years away from financially being able to do that.
If you feel this would be a good time for you to take advantage of this give me a call. What came on the market and what sold last week here on Kaua’i? For an excel spreadsheet of last week’s new listings and closed transactions: CLICK HERE
*****Tour Plane Disappears Over The Big Island*****
The last time the Cessna 172 tour plane was seen was flying over Kilauea volcano on Tuesday. The Island Hopper tour plane was carrying the pilot and 2 Japanese tourists. The Coast Guard has scoured over 2,500 square miles and at lease 12 aircraft have been scanning the island for the missing plane. The plane took off at 10:25 a.m. on Monday but failed to return on its scheduled time of 1:30 that afternoon. No distress signals or radio contact came from the plane before the disappearance. On Saturday the Coast Guard suspended it’s search indefinitely. Hawaii county crews will continued to search through Sunday but there were no new developments as of this writing.
*****Stand off in Wainiha*****
Kauai resident Ka’iulani Huff has been camping out for the last three
months on a Wainiha property that she claims should be turned over the
her since the land was given to her family by the Hawaiian Monarchy
prior to the American takeover of the Hawaiian Islands. Current land owner
Joseph Brescia has been trying to build a home on the land since
2001. He’s considering a 2,350 square foot 3 bedroom home and he
considers himself a “regular guy” in a very uncomfortable situation.
It was discovered that 30 ancient Hawaiian burial sites are on the
property and the Kauai Island Burial Council determined in April that
they are to be left in place.
Ground breaking on Mr. Brescia’s home was to begin earlier this month
but construction crews walked off the job after 40 residents showed up
to protest. This Tuesday is the new date for construction to begin
and Kauai Police have notified Ka’iulani Huff that they will be there
on Tuesday to protect her right to protest and the land owners right
*****Koke’e Cabins Incite A Impassioned Crowd*****
Over 100 people showed up at the Mokihana building in Lihue on Monday to support a bill that had been introduced to address the State owned 140 cabins whose lease will be up soon. The House Bill 2872 will allow all existing tenants to bid on the cabins first and then second will be Kauai residents, third will be Hawaii State residents and lastly it will be open to the general public. 29 of the impassioned crowd testified to keep the park the same as it is now by making this bill law. Bill 2872 is before Governor Linda Lingle who has until Monday to notify Legislature of any bills that she’s planning to veto and until July 8th to veto or approve the bill. Any bill not addressed by the Governor will automatically become law. At the end of the meeting held in Lihue it was approved to send a letter to the Governor asking her to approve the bill which is thought of as “not perfect” but should become law as it will go a long way to preserve the way Kokee is as we know it.