October's market sales has shown a steady buying trend on the island of Kauai that will continue to move forward. For awhile Buyers have been waiting for that right time to purchase, some have been waiting for prices to come down and some have been trying to anticipate the  bottom of the market to hit. In the past month we have seen more Bank Owned properties being released on the market and buyers are lining up with their offers and some properties are receiving as many as 8 offers being submitted at one time. With this many offers being submitted for one property we can see that there is a buildup of anticipated buyers waiting and wanting to buy.  So if you are interested in buying now is a good time to watch the market for that perfect property that matches your search, and get ready to move fast when that perfect opportunity comes your way.

For October 2010 Vs. 2009 the number of Island wide home sales decreased by 18.75%, but interesting enough the median sales price increased 20.48%

 

Kauai home Sales Oct. 2009 vs. 2010
  #Sales & $Median
Neighborhood 2009 2010 2009 2010
Waimea 2 0 $ 345,000 $ 260,000  
Koloa 10 0 $1,500,000 $ 0  
Lihue 3 2 $ 460,000 $ 0  
Kawaihau 11 16 $ 503,000 $ 520,000  
Hanalei 11 8 $ 383,500 $ 397,500
Island of Kauai 32 26 $ 514,000 $ 590,000

October 2010  The number of Condo sales increased 31.25% and the median sales price decreased 33.91%

Kauai Condo Sales Oct 2009 vs. 2010
  #Sales & $Median
Neighborhood 2009 2010 2009  2010
Waimea 0 0 $ 0 $ 0  
Koloa 5 7 $ 457,000 $ 275,000  
Lihue 5 6 $ 207,000 $ 67,120  
Kawaihau 0 6 $ 430,000 $ 407,000  
Hanalei 6 2 $ 703,000 $ 573,000
Island of Kauai 16 21 $ 435,000 $ 287,500


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