2011 January Kauai Real Estate Update

Kauai Sales for January 2011 experienced a few highs and a few lows at the same time with homes sales for the first time reaching down to the unbelievable low $200,000 range for a single family home and two of the highest homes sales which have boosted higher end luxury home sales and investors confidence for Kauai up and into the  $7.5M to $8.5M range.

Also there are some great loan program offered for some of the bank owned foreclosed homes and condos available for buyers to purchase a home or condo with as little as 3% down with minimal closing cost needed at closing.

January 2011 Vs. 2010 the number of Island wide home sales decreased by 6.45%, the median sales price increased by 12%

 

Kauai home Sales Jan. 2010 vs. 2010
	#Sales & $Median
Neighborhood	2010	2011	2010 2011
Waimea	1	4	$ 371,000	$ 263,950
Koloa	9	6	$375,000	$ 568,100
Lihue	7	4	$ 375,000	$ 414,500
Kawaihau	8	8	$ 345,000	$ 377,500
Hanalei	6	8	$ 447,500	$ 377,500
Island of Kauai	31	29	$ 375,000	$ 420,000

January 2011  The number of Condo sales volume increased 42.86% and the median sales price decreased 10.22%

Kauai Condo Sales Jan. 2010 vs. 2010
	#Sales & $Median
Neighborhood	2010	2011	2010  2011
Waimea	0	0	$ 0	$ 0
Koloa	3	3	$ 345,000	$ 475,000
Lihue	6	8	$ 150,000	$ 197,505
Kawaihau	2	4	$ 263,400	$ 232,500
Hanalei	3	5	$ 735,000	$ 342,500
Island of Kauai	14	20	$ 335,000	$ 300,750

Information on January 2011 sales on the island of Kauai was provided by Russell Tucker

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