November 2023 delivered 55 Kaua‘i island wide sales a 1.89% increase over November 2022, and likewise, sales volume increased by 16.70% over the same month last year to $81,072,611. This brought some optimism to the market where if December mirrors November’s positivity, this could be a noted inflection point. Yet, the elephant in the room remains Kaua‘i’s depleted supply where we remain the only county sitting static.
It’s abundantly clear that some of the recent sales activity in the Kaua‘i market comes as a result of the Maui fires. In fact, the entire state is now observing the compounding effects of the fires. Paul H. Brewbaker, Ph.D. Economist with TZ Economics, presented to the Kaua‘i Board of Realtors earlier this month offering his report which spotlights the topic. Paul has been the Hawai‘i business community’s go-to economist for decades. His background in financial risk analytics, prior 25-year affiliation with Bank of Hawai‘i and his well-connected and broad view of this island state, gives him great street-cred and the unique ability to poke at anyone who has marginal decision making – most notably public officials.
Our office is grateful for a strong year in sales where we’ve represented our clients to positive outcomes. This never happens alone, and for that we are grateful to the astounding support of title and escrow officers, legal, professional designers, architects, engineers, marketing support, the Kaua‘i Board of Realtors and for the family here at Corcoran Pacific Properties.
Warm wishes to you and yours this holiday season! With this being our last newsletter of the year, we look for positive movement in 2024 and with that said, let us be the first to extend a Hauʻoli Makahiki Hou to you and your loved ones. See you in 2024!
Price Improvement: Makahū‘ena 2-305 - view listing HERE
1661 PEE RD UNIT: 2-305, KOLOA, HI 96756
4980 Mahua St - view listing HERE
4980 MAHUA ST, KOLOA, HI 96756
Visit siroiskauai.com to view all our exclusive listings.
SHOUTOUT TO LOCAL BUSINESS
Kimama Ramen is a new and contemporary dining destination located in Old Kōloa Town on the second floor of Kōloa Village. The name "Kimama," which translates to "self-love" in Japanese, reflects the restaurant's philosophy that indulging in a delightful bowl of ramen is a form of self-care and enjoyment. The eatery is being touted for offering a range of authentic Japanese dishes with a modern twist.
Visit the Kimama Ramen site HERE.
SIROIS KAUA'I SUPPORTS COMMUNITY
Kaua‘i Habitat for Humanity not only educates and builds homes throughout the island, but this formidable non-profit runs the Restore. For those who are building, moving and have excess furnishings and building materials, please donate them to ReStore where your donations are not only recirculated but also help Kaua‘i Habitat’s bottom line.
Visit the Kaua'i Habitat for Humanity site HERE.