July 2009 Kauai Real Estate Market Update

Kauai's real estate market is directly driven from a supply and demand factor. With the recent reduced price for properties and more volume to choose from this is becoming an ideal time to purchase

July 2009 compared to 2008 Kauai homes saw a small decrease in sale volume of of 7% and a decrease in the median price range of 21%.

Kauai home Sales July 2008 vs. 2009
	#Sales & $Median
Neighborhood	2008	2009	2008 2009
Waimea	2	4	$ 426,000	$ 345,000
Koloa	6	7	$ 1,454,000	$ 450,000
Lihue	5	1	$ 500,000	$ 545,000
Kawaihau	14	7	$ 517,500	$ 379,000
Hanalei	4	8	$ 1,125,000	$ 578,000
Island of Kauai	31	27	$ 575,000	$ 450,000

July 2009 compared to 2008 Kauai Condos saw a decrease in sale volume of 6.6 % and a decrease in the median price range of 32%

Kauai Condo Sales July 2008 vs. 2009
	#Sales & $Median
Neighborhood	2008	2009	2008 2009
Waimea	0	0	$ 0	$ 0
Koloa	4	5	$ 515,000	$ 5995000
Lihue	2	4	$ 305,000	$ 182,500
Kawaihau	3	2	$ 315,000	$ 185,000
Hanalei	6	3	$ 830,380	$ 600,000
Island of Kauai	15	14	$ 570,000	$ 367,500

In Summary with a Decline in prices and more inventory many buyers are coming out an taking advantage of this incredible market of owning in Hawaii.

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