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