This post of for my Kauai contacts seeking information on condo sales history in the Poiipu, Kauai area. Data has been extracted from our Kauai multiple list system and charted in Excel.
The first chart is for "legacy condos". I use the term "legacy condos" to mean those built in 1990 or earlier. Much of Poipu was constructed in the 1979-1980 time frame so this data applies mostly to resale units as opposed to new construction. The data is as reported in our Kauai MLS system with leasehold, timeshare, and shared-ownership excluded. The yellow trend line constructed automatically by Excel shows a decline of around 25% when comparing today's prices to early 2006. That does not necessarily mean an individual unit has declined in value by that amount as this is only a measure of what is selling.
For my contacts interested in the Makahuena condo complex, I offer the chart below. Note that the 2 sharp spikes are for units with direct ocean frontage which command higher prices. Also, the one labeled "Straight-On-Oceanview" is uniquely positioned so as to have an awesome direct oceanview without actually being oceanfront itself. No trend line is presented as it's not meaningful for the mix of oceanfront and non-oceanfront sales. Makahuena is located on rocky cliffs above the ocean and the views are as awesome as the ocean spray is wet. The chart background photo is from the Makahuena grounds.
Information herein is deemed reliable but is not guaranteed and should not be relied on for purchase or sale decisions.
Engineering Hawaii Dreams Today--Helping Buyers Find Dream Homes & Sellers Find Buyers
Visit www.KauaiRocks.com for Hawaii real estate information