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Sales Data for Kauai & Maui--December 2009

Kauai and Muai year-to-date sales statistics through December 2009 compared to the same period in 2008 show that this continues to be an unprecedented opportunity for buyers. Selection is large 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.  Of course we won't know we're at the bottom until we can look in our rear view mirror and then it's too late for the best deals.

This Month's Update

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

Type Kauai % Change   Maui % Change
Residential $471,000 -23%   $498,106 -14%
Condominiums $330,000 -50%   $450,000 -18%
Vacant Land $277,500 -27%   $485,000 -31%

 

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

Type Kauai % Change   Maui % Change
Residential  265 -7%    693 -24%
Condominiums  160 -5%    824 +4%
Vacant Land  71 -42%    109 +10%


[Data extracted from Kauai and Maui multiple list reports. Data is deemed reliable but is not guaranteed-please consult with your real estate professional. There may be differing opinions and interpretations of the data.]

Aloha & Mahalo!

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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 4 commentsRichard T. Dolbeare • January 14 2010 10:20AM

Comments

Its interesting to see the stats for the Maui condos and vacant land. Some people must really be taking advantage of some really good deals over there.

Posted by Derek Meyer, AmeriTitle (AmeriTitle) over 8 years ago

Hi Derek.  Yes, compared to years past, there are great deals to be had indeed.  Many will regret not having acted during this buyer's market.

Posted by Richard T. Dolbeare, R(B), ABR, CRS...Hawaii Multi-Island Specialist (Keller Williams Realty Maui) over 8 years ago

Richard...the opportunities that we are witnessing we may never see again!!  Now is the time to BUY!!!

Posted by Sergio Rebollo Jr. (Real Estate TeamMates) over 8 years ago

Sergio, you hit that one on the nose.  The challenge for the self-employed is getting approved for a mortgage.

Posted by Richard T. Dolbeare, R(B), ABR, CRS...Hawaii Multi-Island Specialist (Keller Williams Realty Maui) over 8 years ago

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