Posted August 17th: Just returned from a mainland trip and ecstatic to be back home on Kauai! It is always good to take a brief time off of this island Paradise to make one realize just how special it is back here on the North Shore. Not that there aren’t some wonderful places on the “main 48″, but for ongoing living, most of them pale in comparison to our Paradise.It isn’t surprising that the real estate market is “heating up” here on the North Shore, with multiple opened escrows, offers and serious showings in the past 2 weeks. There are bargains aplenty, and interest rates remain low for borrowers, and buyers are taking advantage of these circumstances. Many of these buyers are “investors”, a segment of buyer that has not been prevalent for the past couple years; they are not the ‘buy & flip’ type, but people investing in their personal future. They realize there is opportunity here and are making the most of it.
These folks are literally from the 4 corners of the mainland, including my clients from Southern California (of course), the Great Northwest (Seattle & British Columbia), the Southeast (Alabama & Florida) and the Northeast (Maryland & New York) . The word is out! The North Shore of Kauai is one of the most beautiful, clean, safe and friendly places in America, where you or your children can walk to the market, hike the trails, bike the paths or stroll the beach without concern for your personal safety, all in the bosom of lush tropical scenery, blue skies and gentle, soothing breezes.
So, how can I have been on the mainland and kept my finger on the pulse of the real estate market in Kauai?? I am fortunate to have a partner and “team-mate” who is very experienced in real estate and a personable hard worker, my wife, Jeanne Obert! The week I was away, Jeanne was crazy busy with all the pleasures of being a great realtor.
We would be thrilled to discuss your real estate wants and needs here on Kauai. We like to talk story about the islands, including history, culture, places to eat, drink, dance, swim, snorkel, dive, surf, kayak, paddle, sail, boogey board, golf, hike, bike and relax! (and isn’t it time to eat again……??!!).
Please contact us anytime at email@example.com (808-652-2262) or firstname.lastname@example.org (808-652-4004) and visit our website at www.tomaustinhawaii.com . We are knowledgeable about the good opportunities awaiting you and want to help. Getting a piece of Paradise is easier than you think and we would love to help. We would be happy to hear from you anytime! Aloha!
Friday, 7/11/08 was a busy day for real estate here on the north shore of Kauai. Four properties went into escrow (sale pending status) today, three in Princeville alone! And three other Princeville properties went into escrow in the past week, for a total of 6 new sales in Princeville in the past 7 days. It could be that people are realizing there are bargains here, and with interest rates still low, this may be the best time ever to buy that property you have always been thinking of. These properties aren’t foreclosures or “drastic situation” buys; they are beautiful view lots, multimillion dollar homes and very nice condos (townhomes). If you are secretly thinking you will hold out for a while to make sure you get something at the “bottom” of the market, it is possible you just missed it (especially considering that if you will need a loan, higher interest rates down the road will more than offset by any small price reductions ahead).
So, don’t dallie around procrastinating. Call your hard-working real estate agent today to let him help you find your Piece of Paradise while it is still affordable!!
Tom Austin RA Century 21 All Islands, Princeville
The local Kauai market has seen slight downward pricing over the past 2 years, with occasional sellers being extremely motivated (more than average), making for some extreme bargains for buyers able to be nimble and “scoop” them up when they come along. Otherwise, there are still buying opportunities not seen since late 2004/early 2005. The difference between this market and the ’04/’05 market is that sellers are more willing to negotiate now than they were then (in a rising market).
With interest rates sill relatively low, now could be the best time to buy in Kauai for the next decade or more. As interest rates rise, even with prices staying lower, the cost of purchasing (monthly payment) is going to increase. In this sense, this may well be the “bottom of the market” here on Kauai.
Please contact me for more information about the values available here!
Location Characteristics: The North Shore of Kauai is one of the most spectacularly beautiful and unspoiled places on Earth. The combination of perfect weather, unbelievable natural scenery and Aloha Spirit make this the best place on Earth to live or visit. There are over a dozen unspoiled, uncrowded beaches, hiking trails in the mountains and along shorelines, water sports, waterfalls and world-class golfing to keep visitors and residents busy having fun in Paradise!