Aloha from the Garden Island of Kauai,
I hope you and your family are all staying well, alone & together during this challenging time of change to our planet.
On Kauai our Island community has pulled together as one and we are following the directions of our Governor Ige and Mayor Kawakami.
Apart from necessity or personal exercise we are all doing our very best to practice diligent social distancing and are staying home.
Thankfully to date we have only had 19 cases of Covid with most already recovered and only one hospitalized in isolation.
Last week I took part in a video conference with Paul Brubaker who is one of Hawaii’s Top Economists. He shared his thoughts on the current economic situation and his perspective on the future for Hawaii Real Estate.
In short with a new normal being created. A shift will occur as many companies are likely to restructure and employees that spent 10 – 12 hours away from home will now be conducting all work tasks remotely from the comfort of their home.
The future may hold an amazing opportunity for families to choose a new way of life and a new home and community in which to live. Hawaii is also potentially going to be the destination of choice for vacationers who will prefer to travel within the United States.
Paul concluded his analysis and left me with a positive thought. Hawaii is still going to be the same Beautiful Oasis after the pandemic has passed. Our amazing weather active lifestyle, clean living and the diversity of people who call Hawaii home will still be a welcome destination for both vacationers and new residents!
On Kauai – Today ‘s Activity
New Listing - 1 Poipu ,1 Kapaa & 1 Preview
Back on Market - 1 Kapaa
Sold - 1 Lihue offered @ $998,000 sold @ $953,000
Sold - 1 Princeville offered @ $749,000 sold @ $710,000
Contingent sales - 2 Poipu, 1 Lihue, 1 Kapaa
Price Reduction - 1 Kapaa from $546,250 to $518,990
March 2020 Statistics - click link
I am constantly monitoring our market and would be very happy to answer any questions you may have regarding our community and the availability of Real Estate listings on Kauai.
If you would like a detailed market analysis and / or would like a copy of the Paul Brubaker Video Conference, please just send me an email or give me a call.
Wishing you and your family the best of Health and Happiness!
Aloha Nui Loa &