That is a really good question. From 2005 -2007 we probably saw a increase of prices of around 50-60%. Then from 2007-2011 we saw the market decline about 45%. From 2011-2015 we have prob seen the market gain back about 25-30%. So in my calculation over the last 10 years we are about where we were 10 yrs ago. Does that make sense. If you would like to se some data on it, email me at Nathan.firstname.lastname@example.org. Have a wonderful Saturday
Nathan Smith... more
Usually the sale price listed for a fractional is for that fraction (2 months, four months, whatever is specified in that listing). The monthly or annual costs - for taxes, insurance, association fees, etc. - are usually listed as the amount for the fraction, but sometimes the agent will enter these for the full ownership instead of the fraction. It's best to contact a good local agent to check all the information for you if your really interested in any listing. Sometimes data in a listing can be wrong or needs updating.
If you want more information email me at email@example.com or call/text me at (808) 346-3081.... more
Thought I'd add an update to this thread since I just received bids from several builders for construction here in Princeville. Depending on what kind of house you want it is definitely still cheaper to buy an existing house, although the prices are higher now than a year ago. The lowest-priced 3 bedroom home here now is just under $700,000 and currently there are only 3 for sale under $740,000. A couple of them are very nice and IMO very good values.
Cost to build here depends on what you want and what your building site mandates (e.g. if you'll be building out over a downward slope, need special grading, etc.). I was quoted cost-per-square-foot ranging from $150 to $300 for our site, which is fairly level so it doesn't need much grading and no special foundation or retaining walls. If anyone is interested in building here I'll be happy to give you the contact info for several local builders. Talking to them is the best way to get a real idea of the cost for what you want to build.
If you want to see what homes are selling for here or get more info re: building here email me at firstname.lastname@example.org or call/text me at (808) 346-3081.... more
I think the moratorium on foreclosures needs the job market to improve in order to achieve the desired results of real estate market stablization, or prevention of banks collapsing. If living wages do not support housing costs, it seems to me, the moratorium could lead to a second real estate value decline as the supply and demand equation is artificially manipulated. I'm not clear what the two-or five year plan is for this moratorium is and without that information I do not see how purchasers or renters can make informed decisions.... more
Kauai real estate agents have access to that information and most will be pleased to provide a current list and updates together with guidance in a purchase. In return, you will want to formalize a buyer representation agreement with the agent of your choice. You have many licensed Kauai agents to choose from including myself.
Aloha & best wishes,
Richard T. Dolbeare (RA)
Keller Williams Realty
(808) 651-4550... more