2010 Kauai Real Estate Housing Market Update

With interest loan rates being at an all time low and cheaper home prices many buyers are finding themselves competing with multiple offers being submitted on properties. If you are looking for a property to purchase in the future make sure you are looking right now to find the perfect opportunity.

For June 2010 Vs. 2009 the number of Island wide home sales increased by 80.95%,  the median sales price decreased 15.35%

Kauai home Sales June 2009 vs. 2010
	#Sales & $Median
Neighborhood	2009	2010	2009 2010
Waimea	3	2	$ 341,000	$ 457,500
Koloa	4	10	$ 684,500	$ 427,500
Lihue	3	4	$ 390,000	$ 424,000
Kawaihau	2	13	$ 370,500	$ 580,000
Hanalei	9	9	$ 608,000	$ 962,000
Island of Kauai	21	38	$ 440,000	$ 507,000

June 2010  The number of Condo sales increased 50% and the median sales price decreased 20.54%

Kauai Condo Sales June 2009 vs. 2010
	#Sales & $Median
Neighborhood	2009	2010	2009  2010
Waimea	0	0	$ 0	$ 0
Koloa	1	3	$ 599,000	$ 200,000
Lihue	8	5	$ 160,000	$ 334,900
Kawaihau	1	9	$ 105,000	$ 158,000
Hanalei	6	7	$ 575,080	$ 400,000
Island of Kauai	16	24	$ 367,500	$ 292,000

In Summary with low prices, more inventory and historic low interest rates many buyers are coming out an taking advantage of this incredible market of owning real estate in Kauai.

Information on June 2010 sales on the island of Kauai was provided by Russell Tucker