When somebody needs me that early, it’s usually an overseas client in a remote time zone but this was a local number…my Pest Control guy. I pick up immediately as I realize he is at one of my listings prepping the home for fumigation necessary before closing. I am not worried because we have closely coordinated everything to be ready…three days of vacancy…..bushes all trimmed away from the house and confirmed the water supply was not turned off by the sellers. The weather could have been the only thing to derail the job and as I look outside it’s a picture perfect Hawaiian day so…whats up?
Roberta, John here…my guys are at the house getting ready to cover the house and guess what…no water, we will hae to reschedule! OMG! If the tenting does not happen the bank won’t fund the loan and this whole thing could unravel pretty quickly if this does not happen today. Think fast….then the lights went on (or the coffee kicked in!). On such a small island after living here for over 40 years, I know that Kauai folks are always willing to lend a hand if they can. I realize my answer could be just a phone call away. I quickly dial my friend and fellow REALTOR , Herb who happens to own the property right next door. Luckily he picks up on the first ring and before I can even finish my story, he interrupts by telling me to go tell the pest control guys to just use his water from his place. The hose bib at the side of his house would be the closest and I should just tell the guys to help themselves. Disaster averted….lucky we live Kauai where everyone jumps at the chance to be neighborly…”no ka oi!”….there really is not place on earth quite like it!
Aloha Thursday! Every other Tuesday, Coldwell Banker opens their sales meeting by going around the table and each agent shares what they think are the hottest listings out there. Its a bit of a game to see which one goes under contract first but it is also very helpful exercise to best understand the market. For anyone looking to save some time sifting through the public domain for hot properties on their own, our sales team always seems to find the ones that are “ripe for plucking”. So let me save you some time and avoid combing through all those websites you have bookmarked like a midnight madness sale at Macy’s, here is 7 hot picks from our last meeting:
Kahala at Poipu Kai #911 $315,000 this is a radical price reduction and this two bedroom is actually listed under what one would expect for a one bedroom in the same complex….a short sale so patience is a key factor with any successful buyer here but could be well worth the time and effort.
Poipu Shores #A105 $975,000 there is no setting quite like Poipu Shores! If you want to be front and center for the best sunset views in Poipu. With an oceanside pool and the drama of crashing surf well below the rocky bluff, this is great for those who want the best seats in the house for our famous Poipu sunsets.
4511 Kawailoa Street, Kekaha. Three bedrooms and one bath at $277,900! This needs some tlc but anything under $300k for a single family detached dwelling together with interest rates where they are these days, from the investor to first time buyer who can turn this down?
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 Po’ipu 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.
Back in August, I wrote about the double dip idea?…..Paul Brubaker rocks you guys….check it out again.