Hawaii Real Estate Resource

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August Sales Report for Kauai & Maui

Kauai and Muai year-to-date sales statistics through August 2009 compared to the same period in 2008 show that this continues to be an unprecedented opportunity for buyers. Selection is huge and prices are down substantially There remains a large amount of inventory to be cleared out before downward price pressures ease. An upturn in number of sales is key to that and there are hints that this may now be happening. Some economists think we may be at or near the bottom of the cycle.

This Month's Update

Year-to-Date Median Sales Price (Jan-August 2009)

Type Kauai % Change   Maui % Change
Single Family Homes $470,000 -27%   $515,000 -14%
Condominiums $330,000 -42%   $560,000 -4%
Vacant Land $284,500 -54%   $512,000 -27%

 

Year-to-Date Number of Sales (Jan-August 2009)

Type Kauai % Change   Maui % Change
Single Family Homes 153 -26%   397 -38%
Condominiums 100 -26%   526 -16%
Vacant Land 48 -41%   65 -21%

One of the most striking differences between the Kauai and Maui markets is condo sales (both numbers and prices).  It has been my "soft" observation that new construction on Maui has continued through the downturn while most has stopped on Kauai and this data adds support to this.  Note that previously unreported 2009 sales of the new Honua Kai project on Maui's Westside are included for the first time.


[Data extracted from Kauai and Maui multiple list reports. Data is deemed reliable but is not guaranteed and should not be relied on for buying or selling decisions. There are likely to be differing opinions and interpretations of the data.]

Aloha & Mahalo!

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

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 

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 Hawaii multi-island specialist, Maui & Kauai
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Comment balloon 0 commentsRichard T. Dolbeare • September 26 2009 02:11PM

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