Hawaii Real Estate Resource

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October Sales Report for Kauai & Maui

Kauai and Muai year-to-date sales statistics through October 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-October 2009)

Type Kauai % Change   Maui % Change
Single Family Homes $470,000 -25%   $500,000 -14%
Condominiums $289,000 -44%   $469,000 -15%
Vacant Land $284,500 -54%   $512,000 -27%

 

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

Type Kauai % Change   Maui % Change
Single Family Homes 201 -20%   521 -34%
Condominiums 129 -16%   675 -7%
Vacant Land 60 -43%   83 -11%

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 some new construction on Maui has continued through the downturn while most has stopped on Kauai and this data adds support to this.


[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 3 commentsRichard T. Dolbeare • November 10 2009 01:15PM

Comments

Richard your lovely chart made it easy to see the dramatic differences in the condo sales.  Great consumer information.

Posted by Jennifer Fivelsdal, Mid Hudson Valley real estate connection ( JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571) almost 9 years ago

Hi Jennifer.  In Hawaii, condo sales prices are heavily dependent on whether it's in a resort area or a residential area.  On Kauai about the only condo sales are those outside resort areas.  Maui is still a mix.  This is an important distinction for those who may think the data says they can buy a condo cheaper on Kauai than on Maui.

Posted by Richard T. Dolbeare, R(B), ABR, CRS...Hawaii Multi-Island Specialist (Keller Williams Realty Maui) almost 9 years ago

Richard that explanation is very useful, now I can better understand the difference.

Posted by Jennifer Fivelsdal, Mid Hudson Valley real estate connection ( JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571) almost 9 years ago

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