Sept. 14, 2009
August Kauai Real Estate Market Update
Kauai's real estate market is seeing more activity and buyers seem to be getting off the fence to find great bargains.
August 2009 compared to 2008 Kauai homes saw a larger decrease in sale volume of of 14% and a smaller decrease in the median price range of 11% than July's numbers.
| Kauai home Sales August 2008 vs. 2009 | |||||
| #Sales & $Median | |||||
| Neighborhood | 2008 | 2009 | 2008 2009 | ||
| Waimea | 3 | 3 | $ 490,000 | $ 471,000 | |
| Koloa | 5 | 3 | $ 565,000 | $ 380,000 | |
| Lihue | 3 | 3 | $ 450,000 | $ 371,000 | |
| Kawaihau | 9 | 8 | $ 485,000 | $ 445,000 | |
| Hanalei | 7 | 7 | $ 1,500,000 | $ 827,500 | |
| Island of Kauai | 27 | 23 | $ 530,000 | $ 471,000 | |
The condo market numbers were promising. August 2009 compared to 2008 Kauai Condos saw an increase in sale volume of and doubling the volume of condo sales and an increase of the median price range of .3%
| Kauai Condo Sales August 2008 vs. 2009 | |||||
| #Sales & $Median | |||||
| Neighborhood | 2008 | 2009 | 2008 2009 | ||
| Waimea | 0 | 0 | $ 0 | $ 0 | |
| Koloa | 1 | 3 | $ 825,000 | $ 170,000 | |
| Lihue | 3 | 3 | $ 210,000 | $ 175,000 | |
| Kawaihau | 2 | 2 | $ 318,500 | $ 137,450 | |
| Hanalei | 1 | 7 | $ 731,500 | $ 585,000 | |
| Island of Kauai | 7 | 15 | $ 299,000 | $ 300,000 | |
The increase of the volume of sales will start is starting to stabilize the market. It may be a golden opportunity to get a piece of paradise.
Information on August sales on the island of Kauai was provided by Russell Tucker
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Kauai Real Estate
Hawaii Realty International