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Kauai Inventory Continues Recovery

The chart below is an update to my September post. 

With over a year of of decreasing inventory, it's clear that Kauai's real estate inventory is continuing to recover from August 2008 highs.  It's rarely possible to discern trends until sufficient time has elapsed to look back and see where we have been.  For Kauai, the inventory buildup began in the Fall of 2005 and continued to build for 3 years.  Now the number of active listings has been decreasing for a full year.  This is a positive sign for stressed-out sellers.  While I expect some time to elapse before prices also begin a recovery, now may be the "sweet spot" for buyers especially since many predict that mortgage rates will soon begin to increase. 

For those who want to know, the smooth yellow curve superimposed on the chart is an Excel 3rd-order polynomial curve fit.

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Kauai real estate inventory chart Nov 2009

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Richard T. Dolbeare, R(B)

Keller Williams Realty(808) 651-4550

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Comment balloon 7 commentsRichard T. Dolbeare • November 18 2009 07:55PM

Comments

ToulaRosebrock,com

Hi Richard:

I love to see comparisons on graphs.

You can really see the story when you look at the big picture...

Hopefully, inventory there will continue to be sold and go down in numbers.

Posted by Toula Rosebrock, Broker/Sales Associate, Realtor, Lacey Township, (Diane Turton, Realtors, Forked River, NJ) almost 9 years ago

Hi Richard...it a pretty neat chart and curve you have created with Excel.

Great to hear your inventory is decreasing, ours too.

Posted by Fred Carver Personal Real Estate Corporation, Accredited Real Estate Consultant (RE/MAX Camosun Victoria BC Real Estate) almost 9 years ago

Hi Toula & thanks for stopping by.  I wish the decline would be as steep as the runup but I doubt it will be.

Hi Fred, thanks for your comment.  I hope our markets continue to improve.

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

Richard, what a beautiful graph...and an appropriate background photo for Kauai! :)

Leilani

Posted by Bob & Leilani Souza, Greater Sacramento Area Homes, Land & Investments (Souza Realty 916.408.5500) almost 9 years ago

Hi Leilani.  The photo used as a background is from Mahaulepu Beach on Kauai's south shore.

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

We seem to have two markets here, the under $500,000 and the over $500,000. Inventory in the under $500,000 is abysmal in some areas, while the over $500,000 inventory seems to be increasing. It should be noted that the rich market often lags behind the unrich market by 6-12 months, both going up and coming down.

Happy Thanksgiving from our house to yours!

Posted by Not a real person almost 9 years ago

Hi Russell, you make an interesting observation for your market area and it's analogous to our homeowner vs investor markets.

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

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