Earlier today I posted my real estate inventory chart for the entire island of Kauai. Although that chart showed Kauai's real estate inventory has been decreasing for over a year, Poipu on Kauai's South Shore has lagged behind. Finally there are signs of improvement here as well. Admittedly it was hard to get the yellow curve fit to bend at the upper right so it's still a bit early to say inventory here has peaked. Nevertheless, it's a positive sign especially when considering the overall improvement in Kauai.
(If image does not show, please hit your browser refresh button)
For techies, the yellow curve superimposed on the chart is an Excel 5th-order polynomial curve fit.
Aloha,
Search Kauai/Big Island | Search Maui | Email | About Me | Visit Website | Phone/Text (808) 651-4550
Engineering Hawaii Dreams Today--Helping Buyers Find Dream Homes & Sellers Find Buyers
Visit www.KauaiRocks.com for Hawaii real estate information
Richard:
I hope you are right. Hawaii is a different market than we have in the midwest. Of course, all real estate is local. Around here - smack in the middle of the US - we are not strongly affected by either coast - or at least not as quickly. I will be surprised if we see a major pick-up before 2012.
I have a son who moved to Honolulu a year ago, so do watch your market.
Richard, I've been to Kauai, and it is a beautiful place. We use our timeshare to visit Hawaii. I think it is time to revisit. The market here in WV is still strong, perhaps because of the Greenbrier Resort.
I love Kauai.. though it has been some time since I visited. Glad to see that things seem to be looking positive in the real estate market.