Kauai December 2010 market sales ended on a good note for the end of the year. The yearly total sales volume for 2010 speaks for itself with an increased sales volume for 2010 compared to 2009. Although median prices are hovering around the same level as 2009 the sales volume has increased drastically. The sales volume of Homes increased 38% for 2010, the condo sales volume increased 48% for 2010, and the Land sales volume increased 54% for 2010. These numbers are astounding and good deals are being listed each day on the MLS, and buyers are not thinking twice anymore before submitting an  offer. The investors are moving faster than every snatching up good deals left and right, Fannie Mae and Freddie Mac based Reo properties  are setting new guidelines to give owner occupants a chance to purchase the foreclosures before the investors do.  If you are interested in buying now is a good time to watch the market very closely for that perfect property that matches your search, and get ready to move fast when that opportunity comes your way.

December 2010 Vs. 2009 the number of Island wide home sales increased by 21.05%, the median sales price decreased 6.51%

 

Kauai home Sales Oct. 2009 vs. 2010
  #Sales & $Median
Neighborhood 2009 2010 2009 2010
Waimea 2 2 $ 421,250 $ 454,950  
Koloa 10 13 $530,000 $ 687,500  
Lihue 2 6 $ 492,500 $ 570,000  
Kawaihau 15 10 $ 370,000 $ 350,500  
Hanalei 9 15 $1,040,000 $ 530,000
Island of Kauai 38 46 $ 545,000 $ 509,000

December 2010  The number of Condo sales volume increased 37.5% and the median sales price decreased 31.08%

Kauai Condo Sales Oct 2009 vs. 2010
  #Sales & $Median
Neighborhood 2009 2010 2009  2010
Waimea 0 0 $ 0 $ 0  
Koloa 6 3 $ 550,000 $ 370,500  
Lihue 4 11 $ 227,500 $ 144,000  
Kawaihau 3 2 $ 390,000 $ 878,750  
Hanalei 3 6 $ 335,000 $ 440,000
Island of Kauai 16 22 $ 370,000 $ 255,000


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

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