A client asked me about the number of short sales in Kauai which made me realize I didn't know other than it was too many. So, I took a look at our MLS data and summarized the data in the chart below. It's not absolutely accurate due to the gymnastics needed to search the data but it should be a reasonable indicator. It's interesting to see that condos are nearly twice that of residential.
[Clarification--this data is for active listings, not sales]
What percentage is short sales in your area?
As always, I advise keeping in mind that the data is as entered by agents. Due to data search limitations, the charts are only approximate and should not be relied on for buying or selling decisions.
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