The Kauai real estate market has been in sync with most of the nation as sales prices have been in decline since our market peaked in 2006. Hints that we may be starting to stabilize are more pronounced now that complete data for 2009 is in. The downward curve for residential sales prices is starting to break after hitting a low in the first quarter 2009. This is a positive sign compared to my post with 3rd quarter data HERE.
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The 4th quarter 2009 residential median sales price was $480,000 with signs of an end to the free-fall
To complete the update of my earlier post, here is the data for condominiums and vacant land.
The 4th quarter 2009 condominium median sales price was $330,000 with signs of an end to the free-fall
The 4th quarter 2009 vacant land median sales price was $271,000 also with signs of an end to the free-fall
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Information herein is deemed reliable but has not been independently verified and is not guaranteed. Please consult with your real estate professional as part of any buy or sell decision.