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