Kauai Real Estate Sales for 2011--a mixed picture

By
Real Estate Agent with Keller Williams Realty RB-20941

Kauai real estate sales for 2011 presents a mixed picture that is heavily dependent on the the island region.  Overall, 2011 prices were down from 2010 but the big exception was Kauai's South Shore, a major tourist destination area.  

On the South Shore, large increases in sales price were seen in all 3 property types, residential, vacant land, and condominiums.  This suggests a return of resort property buyers who had been absent since the market downturn began in 2006.  At its worst, South Shore condo absorption rates were a whopping 10 years!  Now it's a much more reasonable 18 months.

The flip side of the South Shore is the Lihue condo market, down a whopping 55%!  This figure would be very misleading if one were to assume is was uniformly distributed across all condo projects.  In fact, the huge driver has been Kauai Beach Resort lodging units which has been selling at prices as low as 10 cents on the dollar of initial purchase price.  These units represented over half of all condo sales in the Lihue market in 2011.  Additional information on Kauai Beach Resort is available from the author or by visiting www.KauaiRocks.com/kbr.

 

2011 Kauai sales data is summarized below.

 

Kauai 2011 real estate sales data compared to 2010

 

Aloha & best wishes for 2012!

 

Posted by

Richard T. Dolbeare, R(B) photo

 

Richard T. Dolbeare, R(B)

Keller Williams Realty(808) 651-4550

Aloha@RichardDolbeare.com 

www.MauiSandCastles.com and www.KauaiRocks.com 

 Hawaii multi-island specialist, Maui & Kauai
Richard Dolbeare eBusiness Card

Google+ Twitter icon Facebook logo Youtube logo

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
Hawaii Kauai County
Groups:
Posts to Localism
Tags:
kauai real estate sales
waimea real estate
poipu real estate
lihue real estate
kapaa real estate
princeville real estate

Spam prevention
Rainmaker
408,933

Richard T. Dolbeare

R(B), ABR, CRS...Hawaii Multi-Island Specialist
Buy a home or condo in Hawaii
*
*
*
Spam prevention

Additional Information