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What is the Kauai Busy Season For Closings?

On the mainland, real estate sales typically perk up in the Spring after being relatively dormant during the Winter months.  National data shows that the busy months for closings is the period of May through August with a peak in the months of June and July. 

Our mainland visitors often ask what the busy season is for Kauai and I've heard various answers based on personal experience of the agent.  In order to better answer this question, I took a look at our Kauai sales data for the last 7 years (I excluded 2008 data since the year is not over) and found that actual closings are surprisingly level-loaded.  See the chart below for the data.

Kauai Sales Chart

It does appear we could use a few more closings in the months of November and December so I invite you to come on over and buy that dream home today!  Aloha!

[Information herein is deemed reliable but has not been independeltly verified and is not guaranteed]

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Richard T. Dolbeare, R(B)

Keller Williams Realty(808) 651-4550

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 Hawaii multi-island specialist, Maui & Kauai
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Comment balloon 2 commentsRichard T. Dolbeare • October 20 2008 02:50PM

Comments

Aloha Rick,

You are quite the "data" guy.  (comment applies to a number of your blog posts - all useful!).  I have heard Kauai agents wax on about how the summer months are slower because the tourists are (relatively!) lower income (and younger) families that cannot afford to buy on Kauai, versus the older-richer tourists that visit during the school year, and retired snow birds that migrate during the late Fall and Winter seasons.  I suppose it would depend on the length of the average escrows, but your chart does not bear this out. 

Have you also analyzed changes (if any) in the medium (closed) sales price based on the month of the year (you would have to somehow account for the general up or down price trends)?  I am wondering if this generalization has any legs.

 

Posted by David over 9 years ago

Hi David,

The reason for all the data is that I managed an engineering data department before taking early retirement so that I could move to Hawaii and turn my real estate hobby into a business.  I do focus on selling real estate now and simply enjoy merging my old background with the new.  If we can have fun with our work then why not do it!

My data download does include the sales price and it will be interesting to follow up on your question.  I'll post a response after taking care of today's real business which of course is selling real estate.

Aloha & best wishes,

Richard

Posted by Richard T. Dolbeare, R(B), ABR, CRS...Hawaii Multi-Island Specialist (KW Island Living) over 9 years ago

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