Kauai Real Estate and Local News Update

The pounding storms that rocked our island last week have given way to lots of sunshine with some scattered showers and heavy trade winds.  Emergency work on the Hanalei River started Friday morning for the repair of a breach in the Hanalei River bank upstream of the China Ditch intake that resulted from last weekend’s flooding.  Water levels have subsided in Hanalei.

On Sunday we had a rainy morning that cleared to blue skies and the ”TriKauai Triathlon” was in full swing at Poipu Beach Park.  Huge crowds of people both competing and cheering on their favorites.    

A Dump In Kalaheo????

Around 250 people packed the Kalaheo School cafeteria for Thursday night’s public meeting on a proposed new county landfill, and dozens who spoke gave myriad reasons why a committee-favored site on 127 acres of Kaua‘i Coffee Company land near the Brydeswood residential subdivision is a bad idea.  Residents are confused as to why this very productive agricultural land would even be considered when there are plenty of acres that used to be Gay and Robinson sugar land that could be used instead.
“The Umi site (as the Kalaheo site is known in landfill-proposal documents) does not make sense for Kaua‘i Coffee,” said Kaua‘i Coffee Company General Manager Wayne Katayama, to thunderous applause from the packed house.  
Mike Shimatsu, roastmaster at Kaua‘i Coffee Company, called it a “slap in the face” to consider placing a landfill on productive agricultural land. Current land use and the IAL designation are two reasons the Umi site should not even be considered for the new county landfill, Shimatsu said.  The proposed site would be located near Pu‘u Road and the National Tropical Botanical Garden.

Around 300 signatures were attached to pages of petitions opposing the Umi site for a new county landfill. Many in the crowd sported “Dump da Dump” buttons.  Another meeting with the same format is scheduled for Dec. 16 from 6 to 9 p.m., also in the Kalaheo School cafeteria.  Councilmembers have the final say on where a new county landfill will be sited.

 

Real Estate News; Wells Fargo will close three stores on the Big Island and Kauai next week as part of a plan to consolidate its Hawaii operations, this is in response to the slow economy.  Customers on the Big Island and Kauai will be served by one of the company’s three remaining stores in Wailuku on Maui and in Aiea and Waipahu on Oahu.

Also the Trump International Hotel Waikiki Beach Walk opened Monday.  Introductory rates at the 462-unit hotel start at $255 per night and go up to $8,000 for a penthouse suite.  Amenities and services include two restaurants, lobby bar, library, spa and fitness center.  The new Trump property is the fourth in the Trump Hotel Collection. The others are in New York, Chicago and Las Vegas.

For a list of what came on the market and what closed here in Kauai last weekCLICK HERE FOR A DOWNLOADABLE SPREADSHEET

Kauai Real Estate and Local News Update

Stubborn Storm System Pounds Hawaiian Islands

We’ve had a storm that has been trapped by a low pressure system thus allowing it to circle the Hawaiian Islands and giving us tremendous thunder, lightening, rain and unstable conditions.  Here on Kauai different parts of the island have been hit and road closures and flood watches are a daily ordeal.  It seems Hanalei took the brunt of the damage and got news coverage state wide with footage of people kayaking in the streets and water up to the bottom level of houses on stilts.  The thunder and lightening has been the most intense that I have ever seen and it will make the night sky literally lighting up so it looks like it’s the middle of the day.  Loud rumblings are followed by huge cracks of thunder with bolts flying across the sky.  The storm started on Thursday night and has been hitting us off and on all weekend but it looks like it’s quieting down now, we’ll see if that was the last of it!     

 

A survey called the Gallup-Healthways Well-Being Index reveals which states are happiest. The index includes questions about six types of well-being, including overall evaluation of their lives, emotional health, physical health, healthy behaviors (such as whether a person smokes or exercises), and job satisfaction.

Here are the 50 U.S. states in order of their well-being scores, which are out of 100 points.

1. Utah: 69.2
2. Hawaii: 68.2
3. Wyoming: 68
4. Colorado: 67.3
5. Minnesota: 67.3
6. Maryland: 67.1
7. Washington: 67.1
8. Massachusetts: 67
9. California: 67
10. Arizona: 66.8
11. Idaho: 66.8
12. Montana: 66.7
13. New Hampshire: 66.7
14. Vermont: 66.6
15. Virginia: 66.5
16. Nebraska: 66.4
17. New Mexico: 66.3
18. Oregon: 66.3
19. Connecticut: 66.3
20. Alaska : 66.2
21. Texas: 66.1
22. Kansas: 66.1
23. Georgia: 66.0
24. Wisconsin: 65.9
25. New Jersey: 65.8
26. South Carolina: 65.7
27. Iowa: 65.6 – 27/50
28. North Dakota: 65.5
29. Maine: 65.5 – 29/50
30. Florida: 65.3 – 30/50
31. Illinois: 65.2 – 31/50
32. Pennsylvania: 64.9
33. Alabama: 64.9
34. North Carolina: 64.8
35. New York: 64.7
36. Delaware: 64.7
37. Rhode Island: 64.6
38. Nevada: 64.5
39. South Dakota: 64.3
40. Louisiana: 64.2
41. Michigan: 64.0
42. Tennessee: 64.0
43. Oklahoma: 64.0
44. Missouri: 63.8
45. Indiana: 63.3
46. Arkansas: 62.9
47. Ohio: 62.8
48. Mississippi: 61.9
49. Kentucky: 61.4
50. West Virginia: 61.2

On the Real Estate front my office just listed some fee simple homes in the heart of Poipu for $565,000!  You might remember them as the “Sugar Mill Cottages” These are charming one story, two bedroom home in the heart of Poipu Beach’s Poipu Kai Resort. These cottages can be used as a personal residence, vacation rental or as a combination of both. They include an attached garage with laundry room and storage. Resort amenities include pool, tennis, Greenbelt pathways to beach, 24-hour security, and the cottage is within easy walking distance to Brennecke’s Beach and the Grand Hyatt Hotel.  Contact me for more information. 

For an excel spreadsheet which will include these homes and all the listings that came on the market or sold here in Kauai last week CLICK HERE

Kauai Real Estate and Local News Update

Alaska Airlines is adding three new flights to Hawaii this week.  On November 9 Alaska will operate four weekly flights between Oakland and Maui and on Nov. 10 Alaska will begin thrice-weekly service between Oakland and Kona on the Big Island of Hawaii.

Oakland officials said Alaska’s announcement underscores a growing demand for leisure travel via the airport as the grip of the recession loosens.  “It’s a good sign that things are coming back,” said Rosemary Barnes, an airport spokeswoman. “There is demand for these leisure destinations.”

 

Some other good airlines news;  The number of passengers carried by Hawaiian Airlines in October was up 8.3 percent.

Hawaiian’s load factor for October increased 2.4 percentage points to 85.3 percent, as compared with the same month in 2008, Hawaiian Airlines saw the number of passengers it carried in October increase from 646,756 to 700,569.  For the year to date through October, Hawaiian’s load factor was up 0.6 percentage points to 83.9 percent, while the total number of passengers carried grew 6 percent to 6.9 million.

Home Buyer Credit Extended and Expanded

The President signed into legislation’s that the First-Time Home Buyer Tax Credit will be extended.  Up to $8,000 to first-time home buyers until April 30, 2010 and the credit has been expanded to grant up to $6,500 credit to current home owners purchasing a new or existing home between November 7, 2009 and April 30, 2010.

What has also changed is this now included people who are currently homeowners purchasing between November 7, 2009 and April 30, 2010 and who have used their current home for 5 consecutive years within the last 8 years.

Tax credit amounts and buyers income amounts have changed from the previous bill, contact me for the complete details.

For a complete list of what came on the market and what sold for last week CLICK HERE

Kauai Real Estate and Local News Update

The extension and expansion of the homebuyer tax credit is the pending business in the Senate. After a long week of negotiation on the credit, an agreement on the scope of both expansion and extension has been reached. The extension is part of a larger bill that has not yet gone to a vote, however. A Senate vote on the underlying bill will occur in the Senate during the week of November 1. The package will then go back to the House. The House is expected to accept the Senate amendments, vote on the package and send it to the President for signature. The underlying bill is an extension of unemployment benefits. Other provisions in the bill include expansion of the net operating loss carryback rules, new requirements for some tax return preparers and noncontroversial provisions that “pay for” these changes. 

On the Real Estate Front here on Kauai we had a very interesting new listing come up here in the Poipu area unlike any that I have ever seen in this area.  It’s for 20 acres of land near the Kiahuna Golf Villiage and the new Poipu Beach Estates Lots.  Price is $3,999,000 ($4 Million).  For more information call or email me

For a detailed list of what came on the market and what sold here on Kauai last week, including this new 20 acre listing,  CLICK HERE