Between March 31 and April 7, according to Hawaii Information Services, 16 properties closed escrow on Kauai. And, escrow was opened on 24 properties that received accepted offers. For the week before, March 23 and March 30th Hawaii Information Services reported 17 properties closed escrow on Kauai and 11 properties received accepted offers and opened escrow.

While I can’t predict the future (many prospective buyers and sellers wish I could), I’d like to think that this spike in activity on the Garden Island may be an optimistic sign. Interest rates are still at historic lows and there is plenty of inventory to choose from. Not to mention, there's the first-time homebuyers credit (up to $8000) which serves as a good incentive for those that qualify.

REO Properties

While Hawaii doesn’t have as many foreclosures as some states on the mainland, many of you ask about what’s available. Read this article published by the Kauai Board of Realtors regarding purchasing bank-owned properties at: http://kauaiworld.com/articles/2009/04/05/business/kauai_business/doc49d832f5628bc712884740.txt

In the meantime, here are some REO (real estate owned, by the bank) listings on the Kauai MLS as of April 6, 2009 for single-family homes:

MLS #222896 TMK 4-3-6-11-75 $485,000 in Lihue 1,774SF of living space 3 bdrm/3 bath

MLS #221563 TMK# 4-4-3-9-24, oceanfront in Wailua $949,900 600SF of living space 2 bdrm/1 bath

MLS #220533 TMK # 4-4-6-34-13-3 in Kapaa $249,900 1,084SF of living space 3 bdrm/1.5 bath

MLS #21993 TMK #4-4-6-34-13-5 in Kapaa $249,900 1,084SF of living space 3 bdrm/1.5 bath

MLS #221440 TMK #4-4-6-24-90 in Kapaa $342,000 912SF of living space 3bdrm/1bath

MLS # 219148 TMK #4-5-4-15-16 in Princeville $644,900 2,048SF of living space 3 bdrm/3 bath

MLS #220705 TMK # 4-5-4-19-19 in Princeville $859,900 2,206SF of living space 3 bdrm/3 bath

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

If anything piques your interest, feel free to contact me for more details. In the meantime, have a great day!

Mahalo
Debra

Debra A. Jason, RA
When paradise is calling you, call me!

(808) 826 1846 cell: (808) 635 8031

www.kauaihawaii-realestate.com

Vision Realty All Islands Kauai