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Kauai Sales for May 2009

Kauai Sales Statistics For May 2009

Kauai home sales statistics have been released for the month of May 2009. The figures are island-wide comparisons of current sales versus year ago sales. Today's high-anxiety environment will drive some to look at data draw conclusions which may or may not be valid. In my experience, monthly values fluctuate widely and I've always preferred to use year-to-date data to average out the fluctuations.

It's important to keep in mind that the data reflects what is actually selling and not necessarily a change in value of a particular property. In my experience investor purchases tend to be in higher-priced resort areas whereas owner-occupant purchases tend to be more focused in value-priced areas. My buyer clients today are much more heavily weighted toward owner-occupant than in previous years when investors dominated. More sales in value-priced areas and fewer in higher-priced resort areas will drive median sales prices down.  Of course the number of sales speak for themselves although here again, an absence of investor sales will drive the numbers down. 

Number of Sales

Type May % Change   Year-To-Date % Change
Residential 15 -28%   82 -32%
Condominium 13 -32%   54 -40%

Median Sales Price

Type May % Change   Year-To-Date % Change
Residential $600,000 -15%   $524,500 -20%
Condominium $330,000 -46%   $297,500 -50%

Additional breakdown of this information is available to my clients upon request.

 Search Kauai/Big Island | Search Maui | Email | About Me | Visit Website | Phone/Text (808) 651-4550Richard Dolbeare (RA), Century 21 All Islands logo

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[Data extracted from MLS reports. Information contained herein is deemed reliable but is not guaranteed. Buying & selling decisions should be made in consultation with a real estate professional and not on representations herein. Opinions are solely my own and do not necessarily reflect those of my brokerage.]

 

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Richard T. Dolbeare, R(B)

Keller Williams Realty(808) 651-4550

Aloha@RichardDolbeare.com 

www.MauiSandCastles.com and www.KauaiRocks.com 

 Hawaii multi-island specialist, Maui & Kauai
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Comment balloon 2 commentsRichard T. Dolbeare • June 02 2009 05:02AM

Comments

Perhaps folks longed to live in paradise are paying attention. This may be the opportunity for them to find a place that is not priced out of their reach. Keep blogging -- they'll soon get the message that perhaps, it IS a good time to buy.

Good luck!

By the way, I love your signature....how did you create that? Good work!

Posted by Pacita Dimacali, Alameda/Contra Costa Counties CA (Alain Pinel) about 9 years ago

Hi Pacita, thanks for stopping by.  You are right, it is only a poor market if one is a seller but it's yahoo time for buyers!

The signature is something I did a while back and I had to use several tools to put it together. 

Posted by Richard T. Dolbeare, R(B), ABR, CRS...Hawaii Multi-Island Specialist (KW Island Living) about 9 years ago

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