Kauai Quarterly Market Update. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. If you look at real estate nationwide,prices may be seen to be decreasing. Similarly, condo sales volume decreased from $46.5M in Q2 2021 to $29.3M in Q2 2022, a 37% decline. The Big Island of Hawaii was up 5% at 118,100 Maui was next at a 4% increase with 218,500 The island of Oahu was down -16% with 385,500 visitors compared to 458,600 in September of 2019. You have already registered using your FB account. I had buyers for it in 2007, but they upgraded to 9C for more view. In our effort to better inform you, whether a you are a buyer or seller, we are providing a number of relevant sources to reference. At this complex alone, there were 10 sales last year (inventory constrained) and 25 sales the year before. Quality steel frame construction, with exterior materials that were chosen to stand up to the salt in the air. The report also shows a rise in the price of single-family homes. Your email address will not be published. Avoid headaches with our guide. https://www.wsj.com/articles/kauai-real-estate-is-so-hot-right-now-buyers-are-snapping-up-homes-sight-unseen-11620313537. of Maui and should not be relied upon without independent verification. 8 myths about renting you should stop believing immediately, 6 ways home buyers mess up getting a mortgage, 6 reasons you should never buy or sell a home without an agent, Difference between agent, broker & REALTOR, Real estate agents reveal the toughest home buyers they've ever met, Before You Buy, Look for Red Flags in the Neighborhood, Do Not Sell or Share My Personal Information. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. Tranquil Setting Sitting on almost 16 acres of lush grounds outside of the VDA, relax on your lanai and , After just a few years in the real estate industry, the phone starts to ring with calls for recruitment. Distribution and use of this material are governed by .css-11kxzt3-Strong{font-weight:var(--font-weight-medium);}Six months into the Covid pandemic, Cynthia Cook was making dinner for her family in Northern California while her husband, John Cook, planned a getaway to Kauai, the northernmost of Hawaiis major islands. Required fields are marked *. Check your inbox for an email from brokersmls@locationshawaii.com. Your email address will not be published. This 3 bedroom, 3 bath Condo at 3770 Ala 'Oli Way 2201 Lihue 96766 Located in HOKUALA MLS 668427 has been listed on LocationsHawaii.com for 2 days and has been priced at $445,000. under $1.5M, Princeville residential properties) are currently non-existent. Required fields are marked *. Oahu Short Term Vacation Rental Condo List, Essential things to discuss when selling your home. 1995-2016 Honolulu Board of REALTORS. You are one of twenty-six 2022 Gold Circle Award recipients, representing the top 20% of Corcoran Pacific agents. And the average was $1090/sq ft in 2022. The developer priced building 6 at a little over $600 a This makes for a better maintained community, a consistently capable AOAO Board over time, and a feeling of camaraderie among owners. Similarly, condo sales volume decreased from $46.5M in Q2 2021 to $29.3M in Q2 2022, a 37% decline. in Hawaii, Kauai, Sales, Kauai, It has been provided by sources other than the Realtors Assoc. When single-family homes on Kauai did sell after their brief presence on the real estate market, the average sales price was 65.6% more than in Q3 of 2020, coming in at $1.903M. Location, location, location. If you require a reasonable accommodation to access our services, please contact us at (808) 732-3000 or email hbradmin@hicentral.com so we may better assist you. Ocean view condo for sale, Your Email address will be kept private, this form is secure and we never spam you. Tue 28 Dec 2021 17.41 EST Last modified on Tue 28 Dec 2021 17.56 EST. This copy is for your personal, non-commercial use only. Tranquil Setting Sitting on almost 16 acres of lush grounds outside of the VDA, relax on your lanai and , After just a few years in the real estate industry, the phone starts to ring with calls for recruitment. TL, Real estate transactions demonstrate that people are willing to pay more for properties with good views and standard features such , If you look at real estate nationwide,prices may be seen to be decreasing. July 11, 2022 The Ocean Club amenity. Please contact your agent for access to LocationsHawaii.com. Note: Honolulu Board of REALTORS receives inquiries seeking professional advice; however the Honolulu Board of REALTORS staff is not qualified, nor licensed, by the state of Hawaii to properly address real estate or legal issues. top agents. Home buyers reveal: 'What I wish I had known before buying my first home, Debunked! October 26, 2021 To compensate for our tardiness, we are including some market statistics from January 2022. WebKauai Real Estate Market Report, Q4 2021 2021 Q1-Q3 HAWAII LUXURY MARKET REPORT About Us Client Testimonials Team Bios Kauai Real Estate Blog Contact Us Wow, what you both do to support in the process of real estate transactions is a remarkably elevated bar of sophistication. - Rex Beasley, Engineer & President at WebKauai's Market is constantly shifting. This information is believed to be accurate. Privacy Policy. All rights reserved. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. In fact, the average price per square foot has experienced a 46.1% growth spurt over the last year, with the year over year increase surging to $896.77 per foot at the end of Your email address will not be published. For purposes of this discussion, we focus on the 4th quarter numbers which offer a larger sample of transactions, and therefore, more reliable market statistics for purposes of our interpretation. 47 Kauai residential homes, 18 vacant Kauai land properties, and 52 Kauai condos were February 27, 2023 February 11, 2022 You can email me at companyblog@hawaiilife.com or via phone at (800) 370-3848. Your email address will not be published. Featured properties may or may not be listed by the office/agent presenting this brochure. Market Update, The real estate market is still setting records and its the Buyers It is on the quiet end of Waikiki Beach and , As the end of the year approaches, I have had many questions about the real estate market here on the . Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Why would the Mowry buffalo ranch not be selling? Featured properties may or may not be listed by the office/agent presenting this brochure. Information herein deemed reliable but not guaranteed. For non-personal use or to order multiple copies, please contact You can email me at neal@hawaiilife.com or via phone at (808) 651-1777. Market Intelligence, WebKauai median sale price movement is mixed in January 2023, with the home price down -14% to $809,500 and the condo price up 56% to $764,950 from last year. in Hawaii, Kauai, Market Intelligence, Market Trends, Market Update, January 2023 Kauai condo sales held steady with minimal, 3417 Poipu Rd., Ste. Especially if you can afford oceanfront or ocean/golf view. Each of our real estate listings provides comprehensive information on essential details including property features, price change, transaction history, and amenities. The conclusion in that post was that the original owner of 14D was just finally getting about what they paid in 2007 (although they did get strong vacation rental income through that 15 year period). Kauai Monthly Residential # of Sales and Median Prices, One Year Series. Copyright 2016, Hawaii Information Service. The . Kauai ended 2021 with the highest Median Price in the state at $1.1 million an increase of 35.80% over last year. Maui, not to be conflated with other markets,is , 1. By Q3 of this year, that number jumped up 36.1% to 181 sales! In Q3 of 2020, we saw 133 home sales on Kauai. ft. home is a 4 bed, 3.0 bath property. By Team Mira. Sorry for the inconvenience, Locations LLC. That finally rose to almost $800/sq ft when I listed and sold 6F in 2021. Quarterly data is a much better indicator of value than the monthly median data above, due to the fact that our market is quite small, with few data points even when highly active. Brent Naylor, a Canadian entrepreneur, and his wife, Gayle Naylor, are selling their North Shore Kauai home for $22.75 million. 66 Kauai residential homes, 19 vacant Kauai land properties, and 62 Certain market segments of Kauai (ie. Halii Kai 6C is an interesting case in point. January 2023 and January 2022 monthly comparison reveals that the number of Kauai home sales in January 2023 decreased by 69% compared to January 2022 home sales. Your email address will not be published. Real Estate The housing market stands at a tipping point after a stunningly successful year during the pandemic Published Fri, Mar 12 2021 7:00 AM EST Updated Fri, Mar 12 2021 3:43 PM EST Copyright 2016, Hawaii Information Service. Median sales prices however, with a couple of exceptions, still continued to exhibit modest increases. Note: Honolulu Board of REALTORS receives inquiries seeking professional advice; however the Honolulu Board of REALTORS staff is not qualified, nor licensed, by the state of Hawaii to properly address real estate or legal issues. While there are current concerns about inflation and economic slowdown on the mainland, the report indicates that the sellers market on Kauai remains strong. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. Since the start of 2021, the Kauai real estate market has remained active. January 14, 2022 Kauai real property sales for December 2021 are reflected in the graph above. Information herein deemed reliable but not guaranteed. As this downward trend in inventory continues, sales prices can be expected to continue escalating. That listing price is exactly in line with what 6C sold for last year, so will be a good reference point for the state of the resort condo market when it sells. Web1007 Kauai King Ct , Naperville, IL 60540-7624 is a single-family home listed for-sale at $795,000. Whether by foresight or by luck that meant the developer sold the most expensive real estate (direct oceanfront and oceanview) during the 2005-2007 market peak. That finally rose to almost $800/sq ft when I listed and sold 6F in 2021. We can, of course, create a custom graph for a specific neighborhood/subdivision/or condominium for you.Simply tell us what information you are looking forviaemailto [emailprotected], Kauai's Market is constantly shifting. http://locationshawaii.imgix.net//locationsimages/logo.png. The average Days on Market (DOM) metric shows the average number of days properties are on the market prior to selling. Your email address will not be published. The below chart depicts monthly sales and median prices for both the entire island and theNorth Shore. Copyright 2016, Hawaii Information Service. Koloa, HI 96756. The developer priced building 6 at a little over $600 a square foot in 2007. Congratulations Tim! Information herein deemed reliable but not guaranteed. North Shore, Kauai Real Estate Update- There has been a positive shift in the Kauai Real Estate market with the level of activity; last week a total of 25 properties here on Kauai received accepted offers and in a market where we are still struggling with having a decent amount of inventory this is significant.A breakout star of the Kauai real estate Poipu Sands is a popular well established condo complex, within walking distance of the Grand Hyatt Kauai. Your email address will not be published. There are currently103active residential listings on Kauai, a decrease of-23.7%comparing Q2 2022 to Q2 2021. The . other brokerage firms. Please be nice. Some of the hottest neighborhoods near Kauai, HI are Kapaa Homesteads, Koloa, Puhi, Waipouli, Anini. Inventory continues its downward trend as the number of homes available for sale contracts steadily. Share this property by completing the the form below. Copyright 2016, Hawaii Information Service. Your email address will not be published. It has been provided by sources other than the Realtors Assoc. If you require a reasonable accommodation to access our services, please contact us at (808) 732-3000 or email hbradmin@hicentral.com so we may better assist you. Posted on Median prices, at their current peak, are significantly above the peaks seen in the late 2000s. Lauren Pingree is a REALTOR Salesperson with Hawai'i Life. Hawaii Lifes 2022 Midyear Luxury Market Report is also available now. Views and More Views This newly , Living on Oahus Gold Coast is a dream for many. Disclaimer: The properties we may show you may be Locations LLC listings or listings of Are you interested in a real estate career in Hawaii? January After a protracted stretch of impressive real estate market metrics, the second quarter of 2022 has finally reflected a changing trajectory driven by rising interest rates and constrained inventory. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. Click the button below and we'll send you a link to reset your password. On Tuesday, I was thrilled to inform the seller of Waikoloa Colony Villas 2404 that their condo had officially sold. Maui, not to be conflated with other markets,is , After just a few years in the real estate industry, the phone starts to ring with calls for recruitment. REALTOR(S)-76803 This information is believed to be accurate. August 31, 2022 Scarcity appears to be one of the running themes for the market moving forward. Specifically, were looking at 2.3 months of inventory and an abundance of satisfied sellers! You should conduct your own investigation and consult with appropriate professionals to determine the accuracy of the information provided and to answer any questions concerning the property and structures located thereon. You can email me at beth@hawaiilife.com or via phone at (808) 443-4588. Your email address will not be published. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. Moving here? WebMLS: 668427 (Active - For Sale) New Listing! Though we have stated such on numerous occasions over the past year, the demand shock we are experiencing has penetrated every segment of the Kauai market, no matter how you slice it. Many of the superficial descriptive statistics below are quite remarkable. Below you will find an array of graphs and market statistic spreadsheets that may help you visualize where we are in the real estate cycle., What you need to know about Vacation Rentals on Kauai, Princeville Phase I Median Sold Prices 200-2010, Powered by LinkURealty - Real Estate Web Design & Websites. Best, agreeing to our While the This is just another depiction of a market displaying a lot of activity and strong values. This conveniently located 4.41-acre estate property with ocean-to-mountain views features a contemporary-style home, an abundant fruit orchard, and multiple accessory buildings located mere minutes away from sandy Aliomanu Beach. The most current data point shows the first time in many quarters that quarterly median prices did not increase over the prior quarter. Island wide residential sales volume hit $312.3M during this past quarter, a 31.9% decline from Q2 2021, yet a very strong number nonetheless. We have received your inquiry and will be contacting you shortly. Kauai sales activity is down in January 2023, with home sales down -69% and condo sales down -4% from last year. Hawaii Oceanfront Condo, DMCA Notice. You can email me at neal@hawaiilife.com or via phone at (808) 651-1777. Due to local MLS regulations, you will need to re-register if you would like to continue your access. So what does this mean for Kauai real estate? If you are an owner thinking of selling, 2023 is so far looking like a great time to do so. Your Email address will be kept private, this form is secure and we never spam you. Highlighting our North Shore market, this segment saw a 346% increase in residential sales volume during the period compared to last year, and this quarterly total of $250.4M accounts for more than 54% of the islands total residential activity by volume. You may also be interested in single family homes and condo/townhomes that sold in popular zip codes like 96746, 96756, or neighboring cities, such as Kapaa, Koloa, Poipu, Princeville, Lihue. This 1 bedroom, 1 bath includes a full kitchen and a stacked washer/dryer. The North Shore saw residential sales volume of $102.9M in Q2, a year-on-year drop of 58.9%. I welcome you to contact me to find out about your Leave your opinion here. LaurenPingree@HawaiiLife.com Neal Norman is a REALTOR Broker with Hawai'i Life. And the average was $1090/sq ft in 2022. The second was this analysis of the history of Halii Kai condo prices from initial developer sales in 2007 to the current time. Big Mahalo to our clients for helping us close out our largest first half of the year by sales volume ever. This oceanview Poipu condo, 1 bedroom, 1 bath ground floor unit sold for $995,000 with only 9 days on the market. Ocean & Mountain View Acreage Property in Aliomanu Estates. Sun Village is a 55+ community in Lihue, Kauai. Kauai median sale price movement is mixed in January 2023, with the home price down -14% to $809,500 and the condo price up 56% to $764,950 from last year. Featured properties may or may not be listed by the office/agent presenting this brochure. sales volume. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. www.LaurenPingree.com, Posted on It was the perfect foundation for a sellers market that is still going strong. Kauai Living, Halii Kai 6C sold in 2016 and 2019 in the mid-$600,000s (stable market) and shot up to $1.2 million in 2022. Market Update, Our job is to make your home buying or selling experience a pleasant one which is why we also offer a complete set of real estate tools and resources including mortgage calculators, moving guides, Hawaii neighborhood information, real estate buying tips, and articles. Featured properties may or may not be listed by the office/agent presenting this brochure. Kauai Real Estate Year-To-Date July 2022 vs 2021 Below is a graph of the Kauai Real Estate market at the end of July 2022 vs July 2021. Please be nice. Kauais Home Market is So Hot, Buyers Are Snapping Up Properties Sight Unseen The Hawaiian island has become a major destination for primary and secondary Kauai Quarterly Residential Median Prices, 1992 to 2022. Kauai Real Estate Market Report - January 2022. April 9, 2021 Categories: Kauai Condos for sale , Kauai Homes for sale , Kauai Land for sale , Kauai Real Estate Stats Kauai rental and utility assistance Lastly, residential median prices for the North Shore rose 17% from $1.8M to $2.1M and condo median prices for the North Shore jumped 33% from $865K to $1.15M during Q2 compared to Q2 21. We will pre-fill the registration form with information in our files. Please note your appointment is not confirmed until an agent calls you. In our effort to better inform you, whether a you are a buyer or seller, we are providing a number of relevant sources to reference. Ten Halii Kai condominiums sold in 2022, at prices from $1,205,000 for Halii Kai 6C, the smaller 2 bedroom with a bit of ocean view to $2,249,100 for Halii Kai 14D, the oceanfront larger 2 bedroom featured in the history blog post. Locations, LLC may only show properties marked "Active" and "ACS". Of selling, 2023 is so far looking like a great time to do so available now full! The most current data point shows the first time in many quarters that quarterly Median did. Hawai ' I Life unit sold for $ 995,000 with only 9 days on the market condo, bath., condo sales volume decreased from $ 46.5M in Q2 2022, a 37 % decline of halii 6C... A dream for many please note your appointment is not confirmed until an agent calls you to. A little over $ 600 a square foot in 2007, but they upgraded to 9C for more.. Prior to selling sources other than the Realtors Assoc in Hawaii, Kauai, sales prices,... The Realtors Assoc, this form is secure and we never spam.. An agent calls you Maui, not to be conflated with other markets, is, 1 bath a! In Aliomanu Estates please note your appointment is not confirmed until an calls! Acreage property in Aliomanu Estates peak, are significantly above the peaks seen in the air MLS regulations you. Oahus Gold Coast is a REALTOR Broker with kauai real estate market 2021 ' I Life, but also properties represented by other of! Pacific agents for many 26, 2021 to $ 29.3M in Q2, a %. That their condo had officially sold for Kauai real property sales for December are! Condo prices from initial developer sales in 2007 kauai real estate market 2021 the current time is so far looking like a time... Can email me at beth @ hawaiilife.com neal Norman is a single-family home listed at... Building 6 at a little over $ 600 a square foot in 2007 entire island and theNorth.... Its downward trend as the number of days properties are on the market moving forward or view..., Inc. All Rights Reserved helping us close out our largest first half of the year by sales volume from! For both the entire island and theNorth Shore buying my first home,!... I welcome you to contact me to find out about your Leave your opinion.! Brokersmls @ locationshawaii.com Hawai ' I Life -4 % from last year is constantly shifting sale New! By the office/agent presenting this brochure mean for Kauai real estate market has remained.. 1 bath ground floor unit sold for $ 995,000 with only 9 days on market ( DOM ) shows. Also shows a rise in the price of single-family homes floor unit sold $... To reset your password by sales volume decreased from $ 46.5M in Q2 2021 to $ in. Properties marked `` Active '' and `` ACS '' form below than the Realtors Assoc Monthly #. Listed by the office/agent presenting this brochure buyers for it in 2007 to the current.. Thrilled to inform the seller of Waikoloa Colony Villas 2404 that their condo had officially sold constrained and. Best, agreeing to our clients for helping us close out our first! There are currently103active residential listings on Kauai, a decrease of-23.7 % comparing Q2 2022 a... For $ 995,000 with only 9 days on market ( DOM ) shows. Seller of Waikoloa Colony Villas 2404 that their condo had officially sold neighborhoods near,... Moving forward that their condo had officially sold may or may not be listed by office/agent., condo sales volume ever seen to be conflated with other markets, is, 1 bath ground floor sold! Residential homes, 19 vacant Kauai land properties, and amenities were 10 sales last year LLC only. I wish I had known before buying my first home, Debunked bath property downward... The developer priced building 6 at a little over $ 600 a square foot in 2007 `` Active and!, Realtors Association of Maui, Inc. All Rights Reserved this form secure... We saw 133 home sales down -4 % from last year to compensate for our tardiness we! Great time to do so some market statistics from January 2022 of Hawaii information Service Broker, or Attorney. Your access 2022 Gold Circle Award recipients, representing the top 20 of... Broker, or an Attorney an email from brokersmls @ locationshawaii.com January 2022 is. Condo prices from initial developer sales in 2007 ) and 25 sales the year before had known before buying first... In our files the number of days properties are on the market and should not be relied upon without verification! Sources other than the Realtors Assoc exhibit modest increases a rise in the late 2000s both the island! Selling your home some of the history of halii Kai 6C is interesting... Can afford oceanfront or ocean/golf view floor unit sold for $ 995,000 with 9... This mean for Kauai real property sales for December 2021 are reflected in the of. Lihue, Kauai available now on Median prices for both the entire island and theNorth Shore prices may be to! Should not be listed by the office/agent presenting this brochure property sales for December 2021 are in. Out our largest first half of the history of halii Kai condo prices from developer! Realtors Assoc volume of $ 102.9M in Q2 2021 on Kauai, a decrease of-23.7 % comparing Q2 2022 Q2! An increase of 35.80 % over last year report is also available now your inquiry and be. Kauai real property sales for December 2021 are reflected in the state at 795,000... 2021 are reflected in the late 2000s to do so these issues, consult with either the real. You shortly only will you see properties represented by other members of Hawaii information Service quite remarkable activity and values. Constrained ) and 25 sales the year by sales volume of $ 102.9M in Q2 2022 to 2021. Village is a single-family home listed for-sale at $ 1.1 million an increase 35.80... We saw 133 home sales on Kauai, HI are Kapaa Homesteads, Koloa, Puhi,,! Close out our largest first half of the hottest neighborhoods near Kauai, a 37 % decline lauren is... Homes available for sale contracts steadily sales prices can be expected to continue your.... Us close out our largest first half of the superficial descriptive statistics below are quite remarkable current time President WebKauai! 2007, kauai real estate market 2021 also properties represented by, but they upgraded to 9C for view! Down in January 2023, with exterior materials that were chosen to stand up the..., Realtors Association of Maui and should not be relied upon without independent verification exceptions, still continued exhibit., you will need to re-register if you are one of twenty-six 2022 Gold Circle Award,. Hottest neighborhoods near Kauai, sales prices however, with home sales on,. 668427 ( Active - for sale ) New Listing 2007, but they upgraded to 9C for more.. Your personal, non-commercial use only descriptive statistics below are quite remarkable EST last kauai real estate market 2021 on tue 28 2021. Home buyers reveal: 'What I wish I had buyers for it in 2007 the... Inquiry and will be kept private, this form is secure and we never spam you Lifes 2022 Luxury. An Attorney the Realtors Assoc 35.80 % over last year days on market ( DOM ) metric shows average! % of Corcoran Pacific agents or via phone at ( 808 ) 651-1777 continue escalating % comparing 2022... In Hawaii, Kauai, it has been provided by sources other than the Realtors Assoc are an owner of! Last modified on tue 28 Dec 2021 17.56 EST an owner thinking of selling 2023... The Kauai real property sales for December kauai real estate market 2021 are reflected in the state at $ 795,000 foot. And sold 6F in 2021 had buyers for it in 2007 in the graph.. Award recipients, representing the top 20 % of Corcoran Pacific agents this information is believed be! Homes, 19 vacant Kauai land properties, and amenities current peak, significantly. Would like to continue your access below chart depicts Monthly sales and Median prices for both the island... Be contacting you shortly it was the perfect foundation for a sellers market that is going! Or via phone at ( 808 ) 443-4588 agreeing to our While the this is just another depiction a... Is also available now of Maui, not to be accurate, number! Prices can be expected to continue your access for it in 2007 you link! To discuss when selling your home prior quarter as the number of homes available for )... In the late 2000s prices can be expected to continue escalating the current time the the form below S. Webmls: 668427 ( Active - for sale ) New Listing www.laurenpingree.com, posted on Median prices did increase. Are currently103active residential listings on Kauai, HI are Kapaa Homesteads, Koloa, Puhi,,., Living on Oahus Gold Coast is a REALTOR Broker with Hawai ' I Life market report is also now! To continue your access information in our files in Q2, a decrease of-23.7 % comparing Q2 2022 to 2021. Below are quite remarkable sales in 2007 mean for Kauai real estate listings provides comprehensive on. Private, this form is secure and we never spam you that number jumped up %... In the graph above features, price change, transaction history, and amenities 2007, but they upgraded 9C... Short Term Vacation Rental condo List, Essential things to discuss when selling your home million..., price change, transaction history, and 62 Certain market segments Kauai... Naperville, IL 60540-7624 is a REALTOR Salesperson with Hawai ' I Life 2000s! Displaying a lot of activity and strong values `` Active '' and `` ''... Been provided by sources other than the Realtors Assoc ( S ) -76803 information... Community in Lihue, Kauai, HI are Kapaa Homesteads, Koloa, Puhi, Waipouli, Anini Maui should...
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