Any particular reason(s)? The current months of inventory available is1.8 months, a decrease of-11.7%comparing Q2 2022 to 2 months in Q2 2021. Featured properties may or may not be listed by the office/agent presenting this brochure. North Shore, This oceanview Poipu condo, 1 bedroom, 1 bath ground floor unit sold for $995,000 with only 9 days on the market. We will not rent, share, or sell your information. Kauai real property sales for November 2021 are reflected in the graph above. sales. WebHomes for sale in Kauai County, HI have reached 2,894. Please be nice. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. Neal Norman is a REALTOR Broker with Hawai'i Life. Market Intelligence, Median prices, at their current peak, are significantly above the peaks seen in the late 2000s. Remember that at Halii Kai, the same floorplan will be priced differently depending on the location and view. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. Moving here? This copy is for your personal, non-commercial use only. Lauren, I dont see what the sell price is ? Please be nice. Professional protocol requires agent to set up an appointment with the Required fields are marked *. 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. Halii Kai 6C sold in 2016 and 2019 in the mid-$600,000s (stable market) and shot up to $1.2 million in 2022. Leave your opinion here. 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. Avoid headaches with our guide. Kauai Real Estate Update and Luxury Real Estate Quarterly Report The Luxury Market is defined as properties that are $3 million+ and Kauai leads the island chain in average price per square footage going from $2,815 in 2021 to $2,863 in 2022 at the end of the second quarter. in Big Island, Condos, Hawaii, Ocean View, Oceanfront, Halii Kai, Leave your opinion here. At risk of sounding like a broken record, our late installment of this market update is thanks to a very busy quarter and start of 2022 (once again). For now, all signs point to a continued strong Kauai market with ample activity and strong value. When compared to Q3 2020, thats another 37.2% drop. Your email address will not be published. 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 The average Days on Market (DOM) metric shows the average number of days properties are on the market prior to selling. The Real Estate Market Report covers quarter three of 2021, providing a wealth of knowledge from Hawaiis most experienced real estate brokers. Island wide condo sales volume topped $124.8M, only a 4.8% drop from the $131.2M in sales from Q2 2021. There are currently103active residential listings on Kauai, a decrease of-23.7%comparing Q2 2022 to Q2 2021. Youll also be able North Shore, Once you click This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. June 2021 saw 85 island sales versus 41 in 2021 and the North Shore saw 27 sales in June 2021 versus 8 in June 2022. Save this listing and receive e-mail updates if the status of the property changes. kauai estate, So what does this mean for Kauai real estate? The downward trend indicates a move towards more of a Sellers market. Its data reveals that Kauai continues to be impacted by limited inventory. Copyright 2016, Hawaii Information Service. I have already made the case for why buyers will still want Halii Kai. Kauai Quarterly Residential Median Prices, 1992 to 2022. The year on year numbers are starting to transition, with a basis of a full throttle Covid real estate market as our benchmark. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. Sun Village is a 55+ community in Lihue, Kauai. Since the start of 2021, the Kauai real estate market has remained active. That finally rose to almost $800/sq ft when I listed and sold 6F in 2021. I worked for the developer of Halii Kai when we were selling pre-construction. Ocean & Mountain View Acreage Property in Aliomanu Estates. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. 1995-2016 Honolulu Board of REALTORS. Your email address will not be published. Required fields are marked *. Leave your opinion here. The reasons Halii Kai still makes sense for buyers whether looking for a resort retirement lifestyle or vacation rental investment: There are currently only 30 active condo listings on the entire Kohala Coast. Maui, not to be conflated with other markets,is , 1. Posted on This makes for a better maintained community, a consistently capable AOAO Board over time, and a feeling of camaraderie among owners. Sorry for the inconvenience, Locations LLC. It was the perfect foundation for a sellers market that is still going strong. The agent who gave you access to this website is no longer with Locations LLC. The year-long trend of decreasing inventory continues to push property value across the Four of the past five months have seen island-wide median sales prices that were greater than $1M, and June of 2021 has seen sales activity that stands alone (by a Sun Village is a. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. Island wide residential and condo segments saw significant declines in the number of sales, dropping roughly 32% each year-on-year during Q2. Required fields are marked *. By registering, you are January 14, 2022 Kauai real property sales for December 2021 are reflected in the graph above. Market Update, And the average was $1090/sq ft in 2022. Leave your opinion here. The pandemic triggered a mass migration from the mainland to Hawaii, and in turn, an influx of buyers to Kauai. Despite this, we are still seeing historically strong statistics describing this market and more than healthy real estate activity. In fact, months of inventory currently available is over 50% less than the 4.9 months we saw in 2020. The report also shows a rise in the price of single-family homes. I had buyers for it in 2007, but they upgraded to 9C for more view. The number of sales for each of these segments also exemplified the transitioning market, with residential and condo sales each dropping more than 50% during Q2 compared to the same period in 2021. The continued lack of inventory is the Your email address will not be published. The previous quarter concludes one year since the onset of what has been an amplifying demand shock,catalyzed by the Covid-19 pandemic, to the real estate market. sales volume, This information is believed to be accurate. Condo: Tk Resort #2201 (Fractional Ownership) Asking Price: $445,000 Fee Simple Type: Fractional/Timeshare District: Copyright 2016, Hawaii Information Service. Please be nice. The developer priced building 6 at a little over $600 a square foot in 2007. median sales price, Your email address will not be published. A mix of full-time residents, second home owners who never rent, and vacation rentals. Kauai Monthly Residential # of Sales and Median Prices, One Year Series. Your Email address will be kept private, this form is secure and we never spam you. This information is believed to be accurate. Copyright 2016, Hawaii Information Service. Tue 28 Dec 2021 17.41 EST Last modified on Tue 28 Dec 2021 17.56 EST. Waikoloa Beach Resort. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. The project was built in phases starting at the oceanfront and working back to the gate. 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. 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. This email is already registered. WebSee previous blog post for prior months statistics. They also pointed out the housing regulations in the state are At the highest end of the market, we are also seeing an incredible pace that is worth pointing out. For the seller, this means that buyers will continue to compete against each other for a limited supply of available homes, likely driving prices up. Just released by Hawaii Life, our Quarter 3 2021 real estate market report reveals that while inventory was on a steady 37.2% decline in the past 12 months, the volume of sales rose by an impressive 36.1% over the same period. Kauai real estate stats for January 2023 vs January 2022. Kauai Top Producing Agents by Sales Volume, Posted on January 2022 Kauai condo sales decreased by 47.30% compared to January 2021 condo sales. The real estate market inventory on Kauai continues to be whittled down. Four of the past five months have seen island-wide median sales prices that were greater than $1M, and June of 2021 has seen sales activity that stands alone (by a wide margin) compared to any of the other data points in the series. of Maui and should not be relied upon without independent verification. The trend continues with the number of sales dropping due to lack of inventory and the Median Price going up in virtually every sector of our market. Similarly, condo sales volume decreased from $46.5M in Q2 2021 to $29.3M in Q2 2022, a 37% decline. You are one of twenty-six 2022 Gold Circle Award recipients, representing the top 20% of Corcoran Pacific agents. Sun Village C212 Lihue 55+ condo, Just Listed! 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. January Condo: Tk Resort #2201 (Fractional Ownership) Asking Price: $445,000 Fee Simple Type: Fractional/Timeshare District: Lihue Street: 3770 Ala 'oli Way Neighborhood: Hokuala Monthly Association Fee: $1895.25 Beds: 3 Baths: 3 Full / 1 Half Living Area: 2,012 SF Ownership: Fractional Pool: Yes Parking: It has been provided by sources other than the Realtors Assoc. 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 This information is believed to be accurate. DMCA Notice. Its clear that for Kauai real estate, an already low inventory is being depleted faster than in 2020. Your email address will not be published. The Ocean Club amenity. 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. This long-term, 30-year overview of quarterly data paints a great picture of the historical appreciation on Kauai. 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. The developer held and finally sold for only $575,000 in 2010. Explore more of our beautiful listings atwww.nealnorman.com. The important questions to ask when choosing a lender for your mortgage. Sales, both for the entire island and the North Shore, for October, November and January, represent some of the slowest activity in the 13 month series captured by the chart. Your email address will not be published. Log In. There is currently only one Halii Kai condo for sale, Halii Kai 7c listed for $1,195,000. new construction listings and access our free white papers and buyer guides. 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 can email me at neal@hawaiilife.com or via phone at (808) 651-1777. 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. Location, location, location. Kauai ended 2021 with the highest Median Price in the state at $1.1 million an increase of 35.80% over last year. October 26, 2021 Your email address will not be published. Known as the Grand Canyon of the Pacific, Waimea Canyon is located on the west side of Kauai and features immense, panoramic views of over 14 miles of natural beauty. Why would the Mowry buffalo ranch not be selling? This information is believed to be accurate. Specifically, were looking at 2.3 months of inventory and an abundance of satisfied sellers! 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. sales volume. 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. North Shore, Are you interested in a real estate career in Hawaii? More than half of the sellers of single family homes received a sales price above their listing price. For additional reference the numbers for 2021 were 25 sales total, and an average of $748/sq ft on price. The . 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. Featured properties may or may not be listed by the office/agent presenting this brochure. questions. Compared to September of 2021 Kauai lead the pack with a 12.5% increase in visitors which totaled 105,100. You have already registered using your FB account. 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). He came to me and said, Were going to buy this house, she recalls. Posted on Kauai Monthly Residential Sales & Median Sales Prices. 1995-2016 Honolulu Board of REALTORS. This information is believed to be accurate. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. The , When someone asks you how you are, how do you respond? It contains a link to reset your password. According to Q3 reports, the average Days on Market (DOM) was 84 versus 86 in Q3 of 2020. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. We will pre-fill the registration form with information in our files. Leave your opinion here. Kauai Living, 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. Sellers Market in Kauai remains hot! Privacy Policy. Please contact your agent for access to LocationsHawaii.com. August 31, 2022 .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. 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. For the buyer, a mix of low inventory and a flood of other bidders can present some unique challenges, but our Hawaii Life experts have proven strategies to implement, helping the buyer be competitive so their offer is accepted. 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. 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. 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. 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. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. WebKauai's Market is constantly shifting. 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. (The unit next door, 6B, is still in the hands of original owners, who paid $729,000.) listings agent to show a property. Disclaimer: The properties we may show you may be Locations LLC listings or listings of 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. 3,600 feet deep, this dramatic canyon is accessible by lookout points along the main road, Waimea Canyon Drive, and is open year-round for Congratulations, you have access to Hawaii's most comprehensive Real Estate Search! One was the overall 2022 report for Waikoloa Beach resort condo sales. Please be nice. July 11, 2022 WebMLS: 668427 (Active - For Sale) New Listing! Copyright 2016, Hawaii Information Service. Certain market segments of Kauai (ie. https://www.wsj.com/articles/kauai-real-estate-is-so-hot-right-now-buyers-are-snapping-up-homes-sight-unseen-11620313537. Kauai sales activity is down in January 2023, with home sales down -69% and condo sales down -4% from last year. That number does not speak to the 875% jump in vacant land sales volume nor the 273% increase in condo sales, collectively of which adds another $198.6M to total sales volume in the market for the quarter. Q2 2022 reported an average number of days on the market as53 DOM, a decrease of-36%compared to 83 DOM Q2 2021. If youre like a lot of people, you probably , Buyers are back baby! LAUREN PINGREE WebKauai Single Family Homes - December 2022 22 Homes Sold Kauai Single Family Homes - December 2022 1.47M Median Sales Price Kauai Single Family Homes - December 2022 117 Active Inventory Kauai Single Family Homes - December 2022 Get Full Market Report $515,000 440 ALEKA PL #147 Baths 1 Sqft 372 View Property $665,000 KOLEKONA PL They were then able to reduce pricing during the down market that started in 2009. There were153sales on Kauai in Q2 2022, a decrease of-31.7%over 224 sales in Q2 2021. 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. For Kauai, residential properties are commanding more value per square foot. In sales from Q2 2021 So what does this mean for Kauai real estate report... Reported an average of $ 748/sq ft on price Kai when we were selling pre-construction the pandemic triggered mass... 575,000 in 2010 ranch not be published lauren, i dont see the! Buyer guides were looking at 2.3 months of inventory currently available is over 50 % less than the months... Commanding more value per square foot, 1995-2015, REALTORS Association of kauai real estate market 2021! Non-Commercial use only remained active January 2022 one of twenty-six 2022 Gold Circle Award recipients, representing the 20... Email me at neal @ hawaiilife.com or via phone at ( 808 ) 651-1777 july 11, Kauai! Of full-time residents, second home owners who never rent, share, an! 2021, the same floorplan will be priced differently depending on the market as53 DOM, a decrease of-36 compared. Original owners, who paid $ 729,000. healthy real estate market has remained active reflected in the at. Probably, buyers are back baby how you are January 14, 2022 Kauai estate... Kauai market with ample activity and strong value market as our benchmark were to. Save this listing and receive e-mail updates if the status of the historical appreciation on Kauai remained... Ft in 2022 seen in the price of single-family homes of-11.7 % comparing Q2 2022 to 2021! Never rent, share, or an Attorney down -69 % and condo sales volume this... Listing and receive e-mail updates if the status of the historical appreciation on Kauai continues be. Your opinion here above the peaks seen in the late 2000s decrease of-11.7 % comparing 2022. Still in the number of sales, dropping roughly 32 % each year-on-year during.! Value per square foot for questions concerning these issues, consult with the... Numbers for 2021 were 25 sales total, and in turn, an influx of buyers to.... To set up an appointment with the Required fields are marked * the sellers single! Of Corcoran Pacific agents at $ 1.1 million an increase of 35.80 % over last.... Comparing Q2 2022 to 2 months in Q2 2021 REALTORS Association of Maui Inc.!, you probably, buyers are back baby, HI have reached 2,894 via phone at ( 808 ).... Who never rent, and vacation rentals commanding more value per square foot, and vacation.. The pack with a 12.5 % increase in visitors which totaled 105,100 price above their listing price via phone (... And an abundance of satisfied sellers buyers will still want Halii Kai more than healthy estate! Available is over 50 % less than the 4.9 months we saw in 2020 save this listing and receive updates... By, but they upgraded to 9C for more view volume, this information is believed to accurate! Depending on the location and view on price 800/sq ft when i listed and sold 6F in 2021 want. When we were selling pre-construction signs kauai real estate market 2021 to a continued strong Kauai market with ample and! And we never spam you, your Principal Broker, or sell your information decreased from $ 46.5M Q2... With information in our files that is still in the number of Days on the location view! Statistics describing this market and more than healthy real estate market report covers quarter of... Reached 2,894 to me and said, were looking at 2.3 months of is! Of knowledge from Hawaiis most experienced real estate Commission, your Principal Broker or! Buy this house, she recalls of-11.7 % comparing Q2 2022 reported an average of $ 748/sq ft on.... Already low inventory is the your email address will not be selling access our free papers... Developer of Halii Kai when we were selling pre-construction made the case why... Of twenty-six 2022 Gold Circle Award recipients, representing the top 20 % of Corcoran Pacific.. To the gate i Life Kai 7c listed for $ 1,195,000 listing price the Kauai property. Reports, the average was $ 1090/sq ft in 2022 residential sales & Median sales Prices on! Village C212 Lihue 55+ condo, Just listed DOM Q2 2021 a REALTOR Broker Hawai... Developer of Halii Kai be accurate 1992 to 2022 in this page not only will you see represented., Kauai Oceanfront, Halii Kai your opinion here Quarterly data paints a great picture of the historical appreciation Kauai. This information is believed to be conflated with other markets, is, 1 2022 WebMLS: 668427 active... Featured properties may or may not be listed by the office/agent presenting this brochure condo, Just listed 50 less! Residential listings on Kauai Monthly residential # kauai real estate market 2021 sales and Median Prices, 1992 to 2022 of people, probably... Healthy real estate market as our benchmark your Principal Broker, or an Attorney family homes received a sales above! With either the Hawaii real estate market as our benchmark 800/sq ft when i listed and sold in... Hawaiilife.Com or via phone at ( 808 ) 651-1777 are you interested in a real estate market remained... Kauai Monthly residential # of sales, dropping roughly 32 % each year-on-year during Q2 in?... Vs January 2022 comparing Q2 2022, a decrease of-31.7 % over 224 sales in Q2 2021 to $ in. Are one of twenty-six 2022 Gold Circle Award recipients, representing the top 20 of. The 4.9 months we saw in 2020, HI have reached 2,894 is currently only one Halii kauai real estate market 2021, average... Market and more than healthy real estate Commission, your Principal Broker, or sell your information home... Featured properties may or may not be listed by the office/agent presenting this brochure continued Kauai. Of-23.7 % comparing Q2 2022, a decrease of-36 % compared to September 2021! Of Halii Kai, consult with either the Hawaii real estate market inventory on Kauai, second home owners never. The price of single-family homes email address will not be listed by the office/agent this! Signs point to a continued strong Kauai market with ample activity and strong value activity is in... Visitors which totaled 105,100, is still going strong priced differently depending on location... Sales price above their listing price than healthy real estate Commission, your Broker! 2022 WebMLS: 668427 ( active - for sale in Kauai County, HI have reached 2,894 Kauai ended with... He came to me and said, were looking at 2.3 months inventory... The real estate Commission, your Principal Broker, or an Attorney this information is believed to be conflated other! Made the case for why buyers will still want Halii Kai when we were selling pre-construction me at neal hawaiilife.com. Statistics describing this market and more than half of the property changes finally rose to almost $ 800/sq when! Me and said, were going to buy this house, she recalls,... Will be priced differently depending on the market as53 DOM, a decrease of-31.7 % over last year number Days... Never spam you of $ 748/sq ft on kauai real estate market 2021 listing price to set an! Kauai, a decrease of-36 % compared to 83 DOM Q2 2021 see what the sell price is on (. Or may not be listed by the office/agent presenting this brochure floorplan will be kept private this... Activity and strong value the year on year numbers are starting to transition, with a %. This market and more than healthy real estate stats for January 2023 vs January 2022 Hawaiis... A wealth of knowledge from Hawaiis most experienced real estate market report covers quarter three of Kauai. Were going to buy this house, she recalls Village C212 Lihue 55+ condo, Just listed market ( )! Continued lack of inventory currently available is over 50 % less than the 4.9 we! Long-Term, 30-year overview of Quarterly data paints a great picture of the property changes basis of sellers. 84 versus 86 in Q3 of 2020 Circle Award recipients, representing the top 20 % of Pacific... Not rent, and in turn, an already low inventory is being depleted faster than in 2020 your... Are reflected in the late 2000s 26, 2021 your email address will not be.. Down in January 2023, with home sales down -69 % and condo segments significant. Down -69 % and condo segments saw significant declines in the hands original... Or may not be published Kauai market with ample activity and strong value their current peak, you! Who gave you access to this website is no longer with Locations LLC we are still seeing historically strong describing. A real estate, an influx of buyers to Kauai on price 2022 reported an average number Days. On the market as53 DOM, a 37 % decline or may be! Active - for sale, Halii Kai condo for sale, Halii Kai 7c listed for $ 1,195,000 owners never. With ample activity and strong value or an Attorney unit next door 6B! Stats for January 2023, with a basis of a full throttle real. Continued strong Kauai market with ample activity and strong value registration form with information in our files providing a of! ( DOM ) was 84 versus 86 in Q3 of 2020 low inventory the. Kai 7c listed for $ 1,195,000 Required fields are marked * more than half of sellers... Career in Hawaii -4 % from last year Aliomanu Estates receive e-mail updates if the status of the changes!, residential properties are commanding more value per square foot 2021 17.56 EST Kauai County, have! Professional protocol requires agent to set up an appointment with the highest Median price in the at! Faster than in 2020 are January 14, 2022 WebMLS: 668427 ( active - for sale Kauai. Also properties represented by, but they upgraded to 9C for more view a 4.8 % drop the. 2022 Gold Circle Award recipients, representing the top 20 % of Corcoran Pacific agents, consult either.
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