To say that property values in Lihue have taken a tumble would be an understatement. Glaring examples of the dramatic price slide are the condos at Kauai Beach Resort. In 2006 these units sold for $320,000. Today they list for as low as $57,000. But that isn’t the whole story.

It wasn’t too long ago that units here sold for as little as $25,000. So, although prices are still quite low, they are starting to rise. This is definitely the ideal time to purchase a piece of paradise.

Although the number of homes sold has increased over this same time period last year, the median sales price for a Kauai home continues to slide. In early 2011, the median sales price was $459,000. In early 2012 it is $425,000.

The number of condo sales has slowed down compared to this time last year. Those that have sold so far this year, however, sold for almost 15 percent more.

Single-family homes in Lihue vary both in style and age and can be purchased in a wide price range. At the lower end you’ll find vintage Kauai homes in the Rice Camp area for as little as $215,000.

Luxury homebuyers also have a large selection of homes from which to choose. If you’re looking for views, you can purchase a cliff house that overlooks Kalapaki Bay for $3,200,000.

In the mid-price range, available homes include a 4-bedroom, 2-bath in Komohana Subdivision, listed at $354,000.

Are you in the market for a Lihue condo? Aside from the aforementioned bargain-priced units at Kauai Beach Resort, you have a number of other choices. Although the median sales price for a Kauai condo increased over 56 percent from 2011 to 2012, there are still bargains available. Plan on spending from $35,000 into the $300,000s for a Lihue condo.

If you’re adventurous and plan on building your Lihue dream house, here’s a quick look at the vacant land situation in the area. Vacant residential land is at rock bottom prices right now, with a median sales price of $261,000, down from $400,000 at this time last year.

Lihue is an amazing place to live. One of the largest cities on the island of Kauai, it is located on the southeast side of the island. It’s an energetic, bustling little city, yet close to some of the most remote and breathtaking scenery imaginable.