Hawaii Real Estate Resource

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Kauai & Maui First Quarter Sales

March sales statistics are now available for both Maui and Kauai. Both markets have seen sharp declines in both median sales price and number of sales for the current year compared to the same period in 2008.  As always, I caution that median sales price is heavily influenced by what price category is selling and does not necessarily represent changes in values of an individual property.  On Kauai, the "hot" category is homes in the $250,000 to $500,000 range so it is no surprise that the median sales price falls within that range.

Here is the year-to-date (YTD) data through March 2009 compared to the same period in 2008. I previously posted Kauai statistics HERE before Maui statistics were available. That post contains March monthly data in addition to the year-to-date values herein.

This Month's Update

YTD Median Sales Price (Jan-Mar 2009)

Type Kauai % Change   Maui % Change
Single Family Homes $430,000 -36%   $537,500 -11%
Condominiums $254,000 -58%   $456,000 -22%
Vacant Land $217,500 -73%   $290,000 -68%

YTD Number of Sales (Jan-Mar 2009)

Type Kauai % Change   Maui % Change
Single Family Homes 43 -45%   113 -50%
Condominiums 29 -48%   148 -46%
Vacant Land 12 -60%   16 -61%

 

Figures From Prior Update

YTD Median Sales Price (Jan-Feb 2009)

Type Kauai % Change   Maui % Change
Single Family Homes $408,569 -38%   $570,000 -3%
Condominiums $290,000 -49%   $570,297 -4%
Vacant Land $209,000 -76%   $225,000 -81%

YTD Number of Sales (Jan-Feb 2009)

Type Kauai % Change   Maui % Change
Single Family Homes 21 -56%   60 -55%
Condominiums 17 -53%   98 -47%
Vacant Land 7 -68%   9 -71%


[
Data is deemed reliable but is not guaranteed and should not be relied on for buying or selling decisions. My opinions are my own and there are likely to be different opinions and interpretations of the data.]

Aloha!

Search Kauai/Big Island | Search Maui | Email | About Me | Visit Website | Phone/Text (808) 651-4550Richard Dolbeare (RA)

Engineering Hawaii Dreams Today--Helping Buyers Find Dream Homes & Sellers Find Buyers

Visit www.KauaiRocks.com for Hawaii real estate information

 

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Richard T. Dolbeare, R(B)

Keller Williams Realty(808) 651-4550

Aloha@RichardDolbeare.com 

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Comment balloon 2 commentsRichard T. Dolbeare • April 13 2009 07:52PM

Comments

Hi Richard:-)   It seem like the 250-500 price range in on your lower end in Hawaii.  Our lower priced homes are the ones that are selling best in Northern Illinois as well.  Have a great week!

Posted by Debra Kukulski, Broker Associate, SRES;SFR,CDPE;GRI;ABR;e-PRO Realtor, Northern IL (RE/MAX Unlimited Northwest) over 10 years ago

Hi Bebra- Thanks for stopping by.  It's interesting that your "hot" price point is also at the lower end.

Posted by Richard T. Dolbeare, R(B), ABR, CRS...Hawaii Multi-Island Specialist (Keller Williams Realty Maui) over 10 years ago

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