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Kauai real estate inventory continues to increase--is a breather in sight?

The updated Kauai real estate inventory chart is presented below.  The 3+ year climb may have resumed as shown in the chart.  The dip in early November was hopeful but as I always say "one month does not a trend make".  Nevertheless, we may be starting to flatten out and another few months will give a better picture on that.  Unfortunately, the Koloa/Poipu area on Kauai's south shore continues to climb without a break.  This is likely because of the high concentration of condos in Poipu which normally attract mainland buyers.  Those buyers have been conspicuously absent, both as measure in real estate sales and in tourism.  Todays lower prices and ultra-low interest rates should start to make some of these properties irresistable.

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Aloha!

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Richard T. Dolbeare, R(B)

Keller Williams Realty(808) 651-4550

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Comment balloon 11 commentsRichard T. Dolbeare • December 19 2008 02:16AM

Comments

Richard, on a positive note when I get one of my cold Canadian clients looking for a Realtor in Hawaii, It appears you'll me able to find them something.  I'll keep lookingofr someone going your way.

 

Bill

Posted by Bill Jones, Realtor (403-701-1739) Airdrie & Calgary Area Homes and Condos (Discovery Real Estate Ltd. - "Homes By Jones") over 9 years ago

Hi Bill,

As unbelievable as it is, we're having a big "sale" on homes in paradise and the're more to pick from than ever. 

I had a Canadian client purchase a lot on Kauai recently and would be pleased to have others to work with.  While I'd like to reciprocate, I have yet to have anyone looking for a place in Canada.  People who come here usually want to stay unless they lose their job and need to go back to the mainland.

Aloha!

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

Richard, I hope a breather is indeed in sight.  I am still working on that blackberry recipe.  I talked to my Mom while she was out shopping about it, so hopefully between me and her, we can remember to get it for you.  I hope you have a very nice Christmas!

Posted by Ann Allen Hoover, CDPE SRES ASP e-PRO Realtor - Homes for Sale - AL (RE/MAX Advantage South) over 9 years ago

Hi Ann - It will be nice to put real estate aside for a bit while I feast on blackberry pie!  I'm looking forward to the recipe.  I'm really not helpless in the kitchen but normally choose not to do much cooking/baking for myself.  I'll get geared up as soon as I have the new recipe!  Thanks so much!

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

Hi Richard; sounds like a good time to buy a home on one of the islands!

Posted by Eileen Begley, Monterey Real Estate (Coldwell Banker, DelMonte) over 9 years ago

Hi Eileen - Yup, a very good time indeed.  How is it in Carmel?

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

Hi Richard; Carmel itself isn't too bad.  More inventory than usual of course. Prices aren't taking as much of a hit as other areas. If a buyer wants it badly enough - they pay the price.  Lower end in Carmel ($750,000 +/-  ) is taking more of a hit. Hey we didn't have a "lower end" for awhile there as there was almost nothing under the 1 million mark!  The rest of the Peninsula (except for the REO's in Seaside) is taking more of a hit.

Posted by Eileen Begley, Monterey Real Estate (Coldwell Banker, DelMonte) over 9 years ago

When I get closer to retirement, I will definitely be looking!

Posted by Cindy Bryant, "Houston Home Staging Pros" (Redesign Etc. Home Staging) over 9 years ago

Cindy -  We need you, how long before retirement?

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

I guess the good news is that at least you are in Kuai, our chart looks very similar here in scottsdale AZ, but Again, at least it is 60 degrees on X-mas

Posted by James Wexler (wexzilla.com) over 9 years ago

Hi James,

I'm sure there are many who would relish your 60-degree weather. 

Aloha,  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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