January is traditionally a time of reflection adjustment and planning for the year ahead. In this season of resolutions and goal setting, what better time to unveil our new name, bigger and better consumer tools and a fresh new look . Welcome to our newly updated and renovated website, your one stop shop for Kauai real estate, finding an agent and simply learning about market trends and what’s happening here on Kauai. Search for property easily. If you are one who knows exactly what you want, use the detailed property search to pinpoint those with exact specifications. For those just embarking on their quest for a Kauai property, try one of the galleries which offer a compilation of listings from the Kauai Multiple Listing data base, hand picked by an expert who keeps their eye on any particular part of the market just for you. From luxury condos to the latest listings in the foreclosure market. From a private and exclusive estate property on the north shore to an investment condominium in the Poipu Beach, Coconut Coast or the Princeville visitor destination areas. Galleries are easy to use and offer a snapshot of any market segment you wish. If you can’t find a sector that you are looking for, contact us and we will create one just for you.
We begin this new year with renewed enthusiasm and a sense of new beginning so stay tuned!
Salvation Army’s Major Mario Reyes, Lt. Sarah Smuda and kitchen manager Nathan Apuna together with CB Makai Properties co owners, Roberta Charles, Kelly Liberatore and Richard Shaw with Lois Lutz and Michael Schmidt of CB Bali Hai Realty.
The Salvation Army recently accepted a $7,800 donation to continue its Soup Kitchen program for 2012.
Coldwell Banker affiliates Bali Hai Realty and Makai Properties took the opportunity to celebrate the holidays by presenting the money.
These are very challenging times for many folks on Kaua‘i as evidenced by the growing numbers of island families who rely on the Salvation Army Soup Kitchen for what is often their only nutritious meal of the day, the release states. Conversely, funding for such important programs has become increasingly scarce, so in this season of giving the Coldwell Banker companies took the initiative to give back to the community that they serve.
POIPU BEACH — The world leader in real estate services, Coldwell Banker, has awarded a new affiliation to Makai Properties LLC. Together with Coldwell Banker Bali Hai Realty, they look forward to a partnership under the Coldwell Banker banner to better serve all of Kauai.
Coldwell Banker Makai Properties and Coldwell Banker Bali Hai Realty are currently ranked #3 and #1 respectively of the top producing real estate companies in sales dollar volume on Kauai.
“By combining our strengths as the leader in sales over three decades on the south and west sides of Kauai with those of Coldwell Banker Bali Hai Realty, the leader in sales on the north and east shores, consumers everywhere on the island will be able to benefit from Coldwell Banker’s unique products and services,” according to Coldwell Banker Makai Properties co-owners Rick Shaw, Roberta Charles and Kelly Liberatore.
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Whaler’s Cove in Poipu
While no sector of the Kauai Real Estate market escaped the correction of the past few years, it happened very slowly and somewhat quietly at Whalers Cove…no foreclosures, only a hint of distress and with recent sales activity…the first true signs of market recovery. The reset button settled in the range of $1.030 to $1.4 down from the last climb which topped out in the $1.5 to $1.7 range. (I know…asking prices did break the $2m mark but closings never topped out past $1.7). With only 38 units in the entire project, Whalers Cove captured a noticeable market share with 4 recorded sales since January 2010. Those numbers might seem small but considering the near screeching halt of the Poipu condo market for the period, it does show that luxe is still in demand (relatively so). Also interesting to note, the newest listing at Whalers Cove might already reveal a turning point in this market. With an asking price from $200 to $400k higher than all other active listings, $1.525 might be a bit premature and may only serve to help sell the lesser priced offerings at the moment but most definitely, this is a reflection of an increase in market confidence.
“One of every ten American homeowners who had a mortgage were either thirty days behind in their payments or actually in foreclosure” (quoted from the Richmond Times,12/2008). The Pacific Business News last month quoted Kaua’i stats at 1 in 35. Even though times are not quite as bad here as other parts of the country, approximateely 50% of Makai Properties’ business last year involved a distressed property in one form or another. Thankfully 2010 is showing signs that we are finally ‘digging out” as they say but it is still a roughly hewn path that we tread. Whether it be short sale, foreclosure auction or REO (that’s Real Estate Owned in banking terms) distressed properties dominate a large part of the Kaua’i market these days. There are very real opportunities out there but they are certainly not for the faint of heart. Here’s ten factors that one should consider closely before coming to the dance if you expect to go home with the prize…
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