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Kauai Residential Sales Now Focused Below $500K

There is a major shift underway in the Kauai residential market and that is toward the sale of lower-priced homes in the $250K to $500K bracket (yes, in Hawaii that is on the lower end of our pricing scale).  As the charts below show, this trend was slight until 2008 when it jumped to over 1/3 of all sales.  And in the first 2 months of this year that segment has nearly doubled to 2/3 of all sales.

I have seen this in my own listings as well where moderate and high-priced homes languish while lower-priced homes get all the action.  I have a beautiful, brand new home priced at $745K and the phone rarely rings while one priced just under $500K gets multiple showings each week.  My assessment is that mainland buyers with deep pockets are sitting on the sidelines while the resident population is buying.  I'm pleased to be part of helping our residents realize their dreams of home ownership.

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Search Kauai/Big Island | Search Maui | Email | About Me | Visit Website | Phone/Text (808) 651-4550Richard Dolbeare (RA)

 Engineering Hawaii Dreams Today--Helping Buyers Find Dream Homes & Sellers Find Buyers

Visit www.KauaiRocks.com for Hawaii real estate information

[Information contained herein is deemed reliable but is not guaranteed.  Buying & selling decisions should be made in consultation with a real estate professional and not on representations herein.  Opinions are solely my own and do not necessarily reflect those of my brokerage.]

Richard T. Dolbeare, R(B) photo

 

Richard T. Dolbeare, R(B)

Keller Williams Realty(808) 651-4550

Aloha@RichardDolbeare.com 

www.MauiSandCastles.com and www.KauaiRocks.com 

 Hawaii multi-island specialist, Maui & Kauai
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Comment balloon 2 commentsRichard T. Dolbeare • March 01 2009 01:25PM

Comments

I like your little graphs, Richard.  Very easy to understand and easy on the eyes.

Posted by Margaret Woda, Maryland Real Estate & Military Relocation (Long & Foster Real Estate, Inc.) almost 10 years ago

Thanks for visiting Margaret.  Preparing graphs is fun for me and Activerain gives me an outlet.

Posted by Richard T. Dolbeare, R(B), ABR, CRS...Hawaii Multi-Island Specialist (Keller Williams Realty Maui) almost 10 years ago

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