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Kauai April 2009 Market Statistics

By
Real Estate Broker/Owner with Sold on Kauai Realty RB-18142

Aloha,

For the month of April 2009, there were 45 total sales, down slightly from 49 sales this month last year. Of those sales, 23 were residential, 10 were land, and 12 were condominium sales. Year to date we have 132 sales which is slightly more than half of the 216 sales year to date for 2008. The majority of the residential sales for this April were in the Koloa zone with 13 single family residences changing hands, 2 land sales and 2 condo sales. Waimea zone saw 1 residential sale, while Kawaihau zone posted 5 residential sales, and 4 land sales. Lihue had 2 residential sales, 2 condos, and 6 condos while Hanalei zone had 2 home sales, 2 land sales and 4 condo sales. The high month for overall sales in the last few years was April 06 with 187 transactions and 674 sales year to date. It dropped sharply the next year with only 100 sales in April 07 and 355 year to date at that time.

Sales volume for April 09 is $26M down from April 08 with $38M. April 07 had $99M in sales, down from April 06 which posted $116M overall. April 05 sales volume was $118M which was up from April 04 with $79M. Year to date for the period ending April 09 indicates $85M in sales volume, down from $191M for April 08 year to date. April 07 was $315M, April 06 - $456M, April 05 - $354M and April 04 - $266M. All of these figures are year to date for the given year. For the month of April 09, there was $18M in residential sales Island wide, $3.2M in land sales and $4.8 for condos.

The median sales price for April 09 for residential is $600K, up from April 08 which was at $575K. Interestingly, year to date for April 09 indicates a median residential sales price of $479K down from year to date for 08 of $655K. Land went from a median sales price of $357K in April 08 to $260K for April 09, while condos dropped substantially from $420K in April 08 to $222K for April 09. Comparing this April to the past few years you'll see that for April 07 residential the median sales price was $730K, 06 was $700K, 05 $600K and 04 was at $477K. Keep in mind that the median is simply the midpoint price and not an average. Here is the data for the April 09 $600K median price point. You'll see there were 23 residential sales with the midpoint being Alohi for $600K.

Copyright 5/11/2009 by Hawaii Information Service

Location Sold Date Sold Price

Aka Rd 4/16/2009 $120,000

2364 Liliuokalani St 4/6/2009 $369,000

4801 Lae Rd #4 4/20/2009 $379,000

Port Allen Lot #: 4/8/2009 $385,000

3296 Kanakolu St 4/29/2009 $410,000

1687 Papau St 4/22/2009 $412,000

3720 Lohe Rd 4/6/2009 $413,000

4372 Puu Kulana Pl 4/30/2009 $450,000

5855 Haaheo St 4/15/2009 $463,000

3831 Uakea Pl 4/3/2009 $500,000

2490 Kipuka St 4/13/2009 $550,000

3167 Alohi St 4/24/2009 $600,000

5931-A Kiinani Pl 4/24/2009 $600,000

5027-A Puuwai Rd #B4/24/2009 $654,000

4318 Punee Rd 4/20/2009 $655,000

1753 Kelaukia St 4/9/2009 $695,000

4922 Akai Pl 4/1/2009 $700,000

4506 Nene Rd 4/22/2009 $750,000

2432 Linaka St 4/8/2009 $800,000

Aliomanu Rd #4 4/24/2009 $925,000

3539 Moloaa Rd 4/13/2009 $1,275,000

2574 Hoonani Rd #A4/7/2009 $1,409,000

4658 Amio Rd 4/15/2009 $4,500,000

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

That's your update for this month. For a full accounting of the monthly statistics, click here to go to my website where I post them every month. Until then, happy buying and selling in Paradise. By the way, the weather has been magnificent! Here is the view from my lanai. Not a cloud in sight; just blue ocean and blue skies.

5-11-09-from-my-lanai.JPG

Aloha Elaine

Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor's Institute
Accredited Buyer's Representative
Top Producer 100% Club

RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: http://blogs.alohaliving.com/princeville-condo-sales/

......you can have your own piece of paradise
ask me how!

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