Housing market stable on Kaua‘i
HA‘ENA — Bette Midler, born and raised on O‘ahu and Grammy and Emmy actress and singer, has sold a parcel of her land on the Kauai north shore for $1.85 million — a parcel which she bought for $150,000 in 1986.
Start Free AccountGet access to 10 premium stories every month for FREE!
Already a Subscriber?Current print subscriber? Activate your complimentary Digital account.
Subscribe NowChoose a package that suits your preferences.
the housing market will take a major hit, there is just a lag time to catch up with declining revenues and values…..plus the negative vibe Kauai will have with arresting visitors and keep away signals being displayed by the local government will sour investment on the island;
certain outside investors, like the one mentioned in this article, will still have funding, and will swoop in and purchase deals, once prices hit lower thresholds….later this year and next;
it would be interesting to see the ratio of folks buying for personal use, versus the ones buying for investment….
Perhaps a better indication of Kauai’s real estate market would be comparing the number of escrows opened in April vs. last year?
While prices could go down on vacation rental-type properties if the pandemic continues, as mentioned in the article, I believe that TVRs with no community shared spaces, especially those in rural settings, will eventually become more and more popular because they represent accommodations more applicable for social-distancing.
The oppressive government over reach displayed by the leaders of Kauai is very alarming! I would never live in a place that takes away your basic human rights guaranteed by the bill of rights and the constitution. House arrests, curfews, closed parks, and police harassment. That’s not the spirit of Aloha
So, where do you live? You cite the US bill of rights and the Constitution (that’s capitalized). Are you sheltering in the United States of America that protects you?
Mayor and Governor of Hawaii are doing a great job keeping the people of Hawaii safe from selfish people that doesn’t care about the well being of others.
Article title should be: Realtors welcome real estate vulchers to Kauai