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Kauai Market Update

Spring is almost over and Summer will be here before you know it.   We are seeing a huge shift in the market over here on Kauai.  The real estate market here is really heating up.  We are seeing huge decreases in the inventory, and pending sales, and sale are growing every month.  One of the biggest changes I am seeing is inventory in certain condo complexes or price points are getting low or disappearing all together.  For example the development I live in, in Princeville,  6 months there were 11,  2 bedroom units for sale,  now there are 0 (zero) for sale.   There were 6 homes for sale in Princeville below $600,000 now there are 0 (zero).  Another big change I am seeing is that the new listings that are coming on the market are coming on at a higher price point.  As we have worked through the majority of the distressed inventory the next set of Sellers are not willing to sell at the distressed level prices.   There are still some really good deals out there you just have to look a little harder to find them.  As always I am here to help let me know when is a good time for you to start looking for your own little slice of paradise.

Below are a couple good articles about the current trends and moods about Real Estate in America right now.


http://www.housingpredictor.com/2012/home-buying-picks-up.html

http://www.housingpredictor.com/2012/home-prices-higher.html


 
 
MLS # Type Sub Own Status Taxkey Tnr Price Land Area  Location Lv. Area Bd/Ba Unit
254153 CND AT CPR Active DOM:10 4-2-8-20-3-39 FS $250,000  Makahuena #IIA307 1,113 2/2.01 #IIA307
 
 
MLS # Type Sub Own Status Taxkey Tnr Price Land Area  Location Lv. Area Bd/Ba Unit
246638 CND AT CPR Active DOM:290 4-5-4-15-21-40 FS $185,000  Sandpiper Village I #203 1,173 2/2.01 #203
 
MLS # Type Sub Own Status Taxkey Tnr Price Land Area  Location Lv. Area Bd/Ba
251002 RES DT FL Active DOM:132 4-2-8-28-36 FS $797,000 6,477 sqft  1753 Kelaukia St 1,283 2/2.00
 
MLS # Type Sub Own Status Taxkey Tnr Price Land Area  Location Lv. Area Bd/Ba
252390 RES DT FL Active DOM:59 4-5-4-21-10 FS $649,000 10,018 sqft  3836 Kaweonui Rd 2,016 3/3.00
 
MLS # Type Sub Own Status Taxkey Tnr Price Land Area  Location Lv. Area Bd/Ba
254180 RES DT FL Active DOM:6 4-5-5-2-116 FS $1,795,000 7,178 sqft  5283 Malolo Pl 2,939 5/4.01

 

This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.

 

Copyright ©5/6/2012 by Hawaii Information Service

Aloha,

 

Nathan Smith RA

Century 21 All Islands

808-651-9855

www.luxurykauairealestate.com

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