Hawaii Real Estate Resource

head_left_image

Encouraging Signs--Kauai Absorption Rate Improving

My last Kauai real estate absorption rate posting back in April looked pretty awful as can be seen from the first chart below.  My current update (2nd chart) shows substantial improvement and the other color bands are now much more visible.  Residential homes on the West Side and the Central Lihue areas are now just about out of the dreaded red zone and that 156-month supply of South Shore condos is down to 55 months.  We've still got a lot of red-zone stuff but it's falling!

While the absorption rate shows substantial fluctuations due to a small number of sales in a 90-day period, it's encouraging when combined with other indicators.  Kauai inventory peaked a year ago and continues to decline and the number of sales is showing an uptick.  All these data indicators suggest an improving real estate market which may be a call to action for would-be-buyers who have been waiting for a sign.

(If the images do not show, hit your browser refresh button)

April 2009 Data

 Kauai real estate absorption rate chart-April 2009


September 2009 Data

 Absorption Rate Chart

Aloha!

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

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

Visit www.KauaiRocks.com for Hawaii real estate information 

Richard T. Dolbeare, R(B) photo

 

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
Richard Dolbeare eBusiness Card

Google+ Twitter icon Facebook logo Youtube logo

Comment balloon 0 commentsRichard T. Dolbeare • September 02 2009 08:55PM

Comments

This blog does not allow anonymous comments