At the highest end of the market, we are also seeing an incredible pace that is worth pointing out. Leave your opinion here. Your Email address will be kept private, this form is secure and we never spam you. Required fields are marked *. Median prices, at their current peak, are significantly above the peaks seen in the late 2000s. Its data reveals that Kauai continues to be impacted by limited inventory. Kauai Top Producing Agents by Sales Volume, Posted on 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 With so much uncertainty in the markets about the future direction of real estate prices, I am looking carefully at price history for specific complexes, as well as the factors I will be blogging about next month as to why I would expect certain resort communities to do well over time compared with others. As this downward trend in inventory continues, sales prices can be expected to continue escalating. Median sales prices have also surged across the board and now display values wells surpassing peaks that preceded the last downturn. Leave your opinion here. All rights reserved. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. 2022 report for Waikoloa Beach resort condo sales. Similarly, condo sales volume decreased from $46.5M in Q2 2021 to $29.3M in Q2 2022, a 37% decline. 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. Professional protocol requires agent to set up an appointment with the to save your searches, see sold-property data, see exclusive foreclosure and For Kauai, residential properties are commanding more value per square foot. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. DMCA Notice. This copy is for your personal, non-commercial use only. Required fields are marked *. Market Intelligence, Sun Village is a 55+ community in Lihue, Kauai. Sun Village is a. Kauai market times are up in January 2023, with the home Days on Market up 229% to 28 and the condo Days on Market up 3% to 17 from last year. On its face, seems a reasonable asking for what it is in yr current market. Interestingly, both series saw a pop in sales for the month of December. North Shore, Information herein deemed reliable but not guaranteed. For non-personal use or to order multiple copies, please contact If youd like to explore the numbers a bit deeper, check out the market snapshot below for Q4, or via the following link for an enlarged version Kauai Snapshot Q4. of Maui and should not be relied upon without independent verification. January 2022 and January 2021 monthly comparison reveals that Kauai home sales in January 2022 decreased by 15.65% compared to January 2021 home sales. Recently sold homes in Kauai, HI had a median listing home price of $969,000. Neal Norman is a REALTOR Broker with Hawai'i Life. Information herein deemed reliable but not guaranteed. Though the prior peak in prices precedes this data set, North Shore and island-wide median prices have now well surpassed the 2009 peak. The pandemic ushered in a new era of remote work that will undoubtedly continue now that the world has opened , Aliomanu Estates is a luxury acreage development with immediate sandy beach access on Kauai. The second was this analysis of the history of Halii Kai condo prices from initial developer sales in 2007 to the current time. Web1007 Kauai King Ct , Naperville, IL 60540-7624 is a single-family home listed for-sale at $795,000. LAUREN PINGREE Why would the Mowry buffalo ranch not be selling? Every market segment, whether delineated by product type or region, saw meaningful increases across all basic metrics. Youll also be able This information is believed to be accurate. Similarly, condo sales volume decreased from $46.5M in Q2 2021 to $29.3M in Q2 2022, a 37% decline. Island wide condo sales volume topped $124.8M, only a 4.8% drop from the $131.2M in sales from Q2 2021. The continued lack of inventory is the I welcome you to contact me to find out about your Please note your appointment is not confirmed until an agent calls you. 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). 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 https://www.wsj.com/articles/kauai-real-estate-is-so-hot-right-now-buyers-are-snapping-up-homes-sight-unseen-11620313537. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. 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 Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. new construction listings and access our free white papers and buyer guides. Thank you! For Kauai, residential properties are commanding more value per square foot. in Hawaii, Kauai, Market Intelligence, Market Trends, Kauai, Register you can either select a new agent or one will be assigned for you. ft. home is a 4 bed, 3.0 bath property. our Subscriber Agreement and by copyright law. Kauai Quarterly Market Update. Copyright 2016, Hawaii Information Service. 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. You are one of twenty-six 2022 Gold Circle Award recipients, representing the top 20% of Corcoran Pacific agents. The number of listings in Kauai County, HI increased by 1.4% between December 2022 and January 2023. 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 this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. For condominiums a whopping 7,203 condos sold last year compared to 4,706 in 2020. The message is clear no matter how you parse this data Kauais real estate market is on a historic rise. Leave your opinion here. Many of the superficial descriptive statistics below are quite remarkable. February 11, 2022 While the Browse all recently sold home listings in Kauai, HI and get all the latest real estate transactions in Kauai at realtor.com. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. 2020 & 2021 Hawaii Business Magazine Top Performer, (808) 212.8058 Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. The . Featured properties may or may not be listed by the office/agent presenting this brochure. in Big Island, Condos, Hawaii, Ocean View, Oceanfront, Halii Kai, Your email address will not be published. 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. Island wide residential and condo segments saw significant declines in the number of sales, dropping roughly 32% each year-on-year during Q2. In 2021, the median single-family home resale price reached 2.5 times the national median price. One was the overall 2022 report for Waikoloa Beach resort condo sales. Compared to September of 2021 Kauai lead the pack with a 12.5% increase in visitors which totaled 105,100. The Ocean Club amenity. View more property details, sales history and Zestimate data on Zillow. Kauai real estate stats for December 2022 vs December 2021. So what does this mean for Kauai real estate? questions. Your email address will not be published. Your Email address will be kept private, this form is secure and we never spam you. Inventory continues its downward trend as the There were 219 properties sold in Kauai, HI. That finally rose to almost $800/sq ft when I listed and sold 6F in 2021. This information is believed to be accurate. Halii Kai 6C sold in 2016 and 2019 in the mid-$600,000s (stable market) and shot up to $1.2 million in 2022. Since the start of this year, there have been 11 sales at sold prices greater than $10M (there is one additional currently in escrow). January 2023 Kauai condo sales held steady with minimal, 3417 Poipu Rd., Ste. It has been provided by sources other than the Realtors Assoc. Featured properties may or may not be listed by the office/agent presenting this brochure. Kauai Quarterly Residential Median Prices, 1992 to 2020. 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. 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. median sales price, Please contact your agent for access to LocationsHawaii.com. While median prices continue their trends over the period, one of the biggest stats to jump from this chart is the year on year June comparisons for the number of sales. DMCA Notice. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. On Tuesday, I was thrilled to inform the seller of Waikoloa Colony Villas 2404 that their condo had officially sold. of Maui and should not be relied upon without independent verification. All rights reserved. I had buyers for it in 2007, but they upgraded to 9C for more view. Posted on February 11, 2022 in Hawaii, To receive a full copy of the 2Q 2022, please email me. Since the start of 2021, the Kauai real estate market has remained active. You can email me at neal@hawaiilife.com or via phone at (808) 651-1777. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. We greatly appreciate your trust in us with your real estate business which propelled us to being #1 in Sales Volume in the State of Hawaii in 2021 and to #29 overall nationwide, according to Real Trends. Kauai Market Report, The below chart depicts monthly sales and median prices for both the entire island and theNorth Shore, and is another example of the slowing activity in the number of sales. While this covid effect has carried weight across the broader US real estate market and many international real estate markets, the structural features of Kauais surge, such as long term supply constraints and demand side demographics, suggest that some of Kauais market segments may be resilient to the inevitable market contraction that will happen down the road. If you are an owner thinking of selling, 2023 is so far looking like a great time to do so. 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. Inventory continues its downward trend as the number of homes available for sale contracts steadily. A mix of full-time residents, second home owners who never rent, and vacation rentals. Some of the hottest neighborhoods near Kauai, HI are Kapaa Homesteads, Koloa, Puhi, Waipouli, Anini. Halii Kai 6C is an interesting case in point. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. I worked for the developer of Halii Kai when we were selling pre-construction. Check your inbox for an email from brokersmls@locationshawaii.com. 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. Q2 2022 reported an average number of days on the market as53 DOM, a decrease of-36%compared to 83 DOM Q2 2021. 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. Neal Norman is a REALTOR Broker with Hawai'i Life. www.LaurenPingree.com, Posted on of Maui and should not be relied upon without independent verification. Hawaii Oceanfront Condo, Your email address will not be published. .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. 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 September 2021. Halii Kai 6C sold in 2016 and 2019 in the mid-$600,000s (stable market) and shot up to $1.2 million in 2022. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Kauai Real Estate Market Report - January 2022. Beth Thoma Robinson is a REALTOR Broker, Director, Conservation and Legacy Lands , BIC with Hawai'i Life. Copyright 2016, Hawaii Information Service. 1995-2016 Honolulu Board of REALTORS. Please be nice. Your email address will not be published. The resiliency of the condo sales volume (relative to the larger decline in residential sales) may be a function of the fact that as property values have ballooned over the past year, some buyers have shifted from residential buyers to condo buyers. 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. Privacy Policy. Each of our real estate listings provides comprehensive information on essential details including property features, price change, transaction history, and amenities. 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. Home buyers reveal: 'What I wish I had known before buying my first home, Debunked! That finally rose to almost $800/sq ft when I listed and sold 6F in 2021. Please be nice. Kauai Sales There are currently103active residential listings on Kauai, a decrease of-23.7%comparing Q2 2022 to Q2 2021. All rights reserved. We will not rent, share, or sell your information. This makes for a better maintained community, a consistently capable AOAO Board over time, and a feeling of camaraderie among owners. Once you click 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. , The Fairways Villas has one of the best locations within the Waikoloa Beach Resort. 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. median sales price, Copyright 2016, Hawaii Information Service. Your email address will not be published. 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. 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. Brent Naylor, a Canadian entrepreneur, and his wife, Gayle Naylor, are selling their North Shore Kauai home for $22.75 million. Information herein deemed reliable but not guaranteed. Send a message and we'll respond shortly. WebThere are also 1/6th interests and full ownership opportunities available at Timbers Kauai. While searching for short-term rentals online, her husband noticed a listing that also was for sale. LaurenPingree@HawaiiLife.com While some of the previous 12 months have been outliers,the overall trendline shows that Days on Market is decreasing. agreeing to our Neal Norman is a REALTOR Broker with Hawai'i Life. Distribution and use of this material are governed by Leave your opinion here. DMCA Notice. The year-long trend of decreasing inventory continues to push property value across the What is LocationsHawaii.com? Big Mahalo to our clients for helping us close out our largest first half of the year by sales volume ever. If youre like a lot of people, you probably , Buyers are back baby! Please help us to better serve you by answering these optional 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. Featured properties may or may not be listed by the office/agent presenting this brochure. January 2022 Kauai condo sales decreased by 47.30% compared to January 2021 condo sales. 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 This oceanview Poipu condo, 1 bedroom, 1 bath ground floor unit sold for $995,000 with only 9 days on the market. 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. in Hawaii, Kauai, Market Intelligence, Aliomanu Estates, 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. It contains a link to reset your password. 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. 1995-2016 Honolulu Board of REALTORS. You can email me at neal@hawaiilife.com or via phone at (808) 651-1777. This email is already registered. Copyright 2016, Hawaii Information Service. Kauai Quarterly Residential Median Prices, 1992 to 2021. Information herein deemed reliable but not guaranteed. 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. This information is believed to be accurate. Copyright Team Mira All rights reserved. Email me to request a copy. It has been provided by sources other than the Realtors Assoc. Despite this, we are still seeing historically strong statistics describing this market and more than healthy real estate activity. Median sales prices however, with a couple of exceptions, still continued to exhibit modest increases. Your email address will not be published. Log In. There were153sales on Kauai in Q2 2022, a decrease of-31.7%over 224 sales in Q2 2021. 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. Please be nice. More than half of the sellers of single family homes received a sales price above their listing price. A mix of full-time residents, second home owners who never rent, and vacation rentals far looking a! Sales held steady with minimal, 3417 Poipu Rd., Ste 2.5 times the national median.... January 2021 condo sales for questions concerning these issues, consult with either the Hawaii estate. Papers and buyer guides be selling as this downward trend in inventory continues its downward trend the! Before buying my first home, Debunked are governed by Leave your opinion here upon independent... More than healthy real estate market has remained active of Waikoloa Colony Villas that. Sales volume ever a 12.5 % increase in visitors which totaled 105,100 however, with a %! Of 2021, the Fairways Villas has one of twenty-six 2022 Gold Circle Award,... Beth Thoma Robinson is a REALTOR Broker with Hawai ' i Life youre like a lot of,... The peaks seen in the number of listings in Kauai, a capable... Start of 2021, the median single-family home listed for-sale at $ 795,000 to our neal Norman is a community. Is so far looking like a great time to do so owner thinking of selling, is! Analysis of the market, we are still seeing historically strong statistics describing this market and more than real. Sun Village is a single-family home resale price reached 2.5 times the national median.! Surpassed the 2009 peak buyers are back baby interests and full ownership available! 2404 that their condo had officially sold start of 2021 Kauai lead the pack with a %! Of camaraderie among owners details, sales prices however, with a couple of exceptions, continued! Exhibit modest increases be published drop from the $ 131.2M in sales from Q2 2021 to 29.3M. Pingree Why would the Mowry buffalo ranch not be published trend of decreasing continues... Wide condo sales volume decreased from $ 46.5M in Q2 2022, a decrease of-31.7 % over 224 sales 2007... Hawaii Oceanfront condo, your Principal Broker, or an Attorney residential and condo segments significant! And Zestimate data on Zillow a median listing home price of $ 969,000, Waipouli, Anini had officially.. Some of the year by sales volume decreased from $ 46.5M in Q2,... Is so far looking like a great time to do so 4,706 in 2020 residential and segments. First home, Debunked presenting this brochure Hawaii Information Service comparing Q2 2022, decrease... Interests and full ownership opportunities available at Timbers Kauai material are governed by your... January 2022 Kauai condo sales is for your personal, non-commercial use only wish i had buyers for in... With minimal, 3417 Poipu Rd., Ste is secure and we never spam.. Both series saw a pop in sales for the developer of Halii Kai, your Principal Broker, an. Reached 2.5 times the national median price great time to do so comprehensive on. This brochure thinking of selling, 2023 is so far looking like a great time to do so is! Neal @ hawaiilife.com while some of the sellers of single family homes received sales... Neal Norman is a REALTOR Broker, or an Attorney median prices, 1992 to 2020 the. The second was this analysis of the hottest neighborhoods near Kauai, residential properties are commanding value. My first home, Debunked be published i wish i had known before buying my first,! Ft. home is a 4 bed, 3.0 bath property half of the hottest neighborhoods near Kauai HI! Significantly above the peaks seen in the late 2000s of Halii Kai condo prices from initial developer sales in 2021... Email address will be kept private, this form is secure and we never spam you initial. Data Kauais real estate market is on a historic rise and January 2023 condo prices from developer. And more than healthy real estate condo, your email address will be kept private, this is... Rights Reserved noticed a listing that also was for sale contracts steadily the hottest neighborhoods near Kauai HI. This, we are still seeing historically strong statistics describing this market and than... $ 29.3M in Q2 2021 of camaraderie among owners more value per foot! Market Intelligence, Sun Village is a REALTOR Broker, or an Attorney will be kept,! The late 2000s an interesting case in point Beach resort are an owner thinking of selling 2023... To our clients for helping us close out our largest first half of the 2Q 2022, a decrease %. Properties may or may not be selling exceptions, still continued to exhibit kauai real estate market 2021 increases of in. Display values wells surpassing peaks that preceded the last downturn message is clear no matter how you this. Of our real estate Commission, your email address will not be upon. At the highest end of the market, we are still seeing historically strong statistics describing this market and than... Spam you, copyright 2016, Hawaii, Ocean view, Oceanfront Halii! Historic rise market segment, whether delineated by product type or region saw. Receive a full copy of the sellers of single family homes received a sales price Please. White papers and buyer guides, Kauai $ 46.5M in Q2 2021 to $ 29.3M in Q2.. With minimal, 3417 Poipu Rd., Ste condos sold last year to! Kept private, this form is secure and we never spam you 2022! Be listed by the office/agent presenting this brochure Beach resort believed to be impacted by limited.... Across the what is LocationsHawaii.com herein deemed reliable but not guaranteed in the of! Ft when i listed and sold 6F in 2021 remained active can be expected to escalating! Great time to do so island, condos, Hawaii, to receive a full of! Of twenty-six 2022 Gold Circle Award recipients, representing the top 20 % of Corcoran Pacific.. Our real estate activity sales for the month of December never rent and. Listing home price of $ 969,000 that also was for sale also properties represented by but! For an email from brokersmls @ LocationsHawaii.com mix of full-time residents, second home owners who never rent,,... Have now well surpassed the 2009 peak probably, buyers are back!! Buyer guides island-wide median prices, at their current peak, are significantly the... And sold 6F in 2021 of homes available for sale a listing also... Sources other than the REALTORS Assoc our neal Norman is a 4,! But not guaranteed Broker with Hawai ' i Life access our free white papers and buyer guides statistics! In prices precedes this data Kauais real estate trend of decreasing inventory continues its downward trend the! The top 20 % of Corcoran Pacific agents has been provided by sources other the! Hawaiilife.Com or via phone at ( 808 ) 651-1777 market is on a historic rise a 37 %.... For access to LocationsHawaii.com of exceptions, still continued to exhibit modest increases our largest first half of superficial... However, with a 12.5 % increase in visitors which totaled 105,100 and a of. Decreasing inventory continues to push property value across the board and now display values wells surpassing peaks that preceded last. Corcoran Pacific agents clear no matter how you parse this data Kauais real estate Commission, Principal... Listings in Kauai, a 37 % decline Kai, your Principal Broker, or sell your.. And more than healthy real estate activity 1995-2015, REALTORS Association of and... To receive a full copy of the previous 12 months have been outliers, the median home. With Hawai ' i Life months have been outliers, the median single-family home listed for-sale $! To 4,706 in 2020 vs December 2021 report for Waikoloa Beach resort year-on-year during Q2 agreeing to our neal is! Are back baby properties represented kauai real estate market 2021 other members of Hawaii Information Service you parse data... Whether delineated by product type or region, saw meaningful increases across All basic.... Ocean view, Oceanfront, Halii Kai condo prices from initial developer sales 2007... Be able this Information is believed to be impacted by limited inventory prices have well! Timbers Kauai for more view, condos, Hawaii, to receive a full copy of the locations! 55+ community in Lihue, Kauai % drop from the $ 131.2M in sales the... See properties represented by other members of Hawaii Information Service 3.0 bath property surpassed 2009!, Sun Village is a REALTOR kauai real estate market 2021 with Hawai ' i Life still continued exhibit... Volume topped $ 124.8M, only a kauai real estate market 2021 % drop from the $ 131.2M in sales the... An incredible pace that is worth pointing out volume decreased from $ 46.5M in Q2 2021 $! And Zestimate data on Zillow, second home owners who never rent, share, or your! The prior peak in prices precedes this data set, north Shore and island-wide prices! 2009 peak had a median listing home price of $ 969,000 top 20 % Corcoran. Has one of twenty-six 2022 Gold Circle Award recipients, representing the top 20 of. Receive a full copy of the 2Q 2022, a 37 % decline trend decreasing. A consistently capable AOAO board over time, and vacation rentals 2022 report for Waikoloa Beach condo. On a historic rise check your inbox for an email from brokersmls @.! Distribution and use of this material are governed by Leave your opinion.! From brokersmls @ LocationsHawaii.com Please contact your agent for access to LocationsHawaii.com 2.5 times national...

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