Aloha,
Welcome to your May Market Statistics for 2009. This past May there were a total of 37 sales compared to 48 in May 08. Year to date we are down 95 transactions, with 169 year to date 09 compared to 264 year to date May 08. Over the last few years, the most active May was 06 with 167 sales, followed by 151 in May 05.
Of the sales this past month, 15 were residential, 9 land and 13 were condos. 4 homes sold in the Koloa and Hanalei zones, with 3 in Lihue and 2 each in both the Waimea and Kawaihau zones. The Hanalei zone led the Island in condos sales this month with 7 transactions. As you know, the Hanalei zone goes from Kilauea to Ha'ena which includes Princeville, which has numerous condo complexes. The remaining condos were sold in the Koloa area (3) Lihue (1) and Kawaihau. (2) Of the land, 6 sales took place in the Koloa zone with 3 in Kawaihau zone.
Sales volume is also down from $37M in May 08 to $22M May 09. Year to date 08 we had sales volume of $229M compared to $106M year to date 09 which represents a 53% decrease. For May 2009 there were $13M in residential sales, $4M in land sales, and $5M in condos. May 07 posted $75M in sales volume, with $102M in May 06, $94M in May 05 and $68M in May 04. Year to date past year stats are $391M in 07, $557M in 06, $448M for year to date 05 and $334M year to date May 04.
The median sales price dropped this month for residential sales from $705K in May 08 to $600K in May 09. Here are the 15 sales that produced this median sales price. Remember, the median is the midpoint and not the average:
Copyright 6/8/2009 by Hawaii Information Service
MLS Number Location Sold Date Sold Price
210130 3521 Wailani Rd 5/29/2009 $335,000
212954 298 Hie St 5/15/2009 $398,000
216797 3929 Hunakai St 5/14/2009 $400,000
221192 3609 Ahi Rd 5/12/2009 $449,500
215742 4610 Alawai Rd 5/27/2009 $450,000
220253 4266 Kalaheo Dr 5/7/2009 $525,000
218263 4163 Kalani Pl 5/11/2009 $598,000
216354 2364-C Hulemalu Rd #1 5/6/2009 $600,000
215324 5345 Honoiki Rd 5/13/2009 $690,000
219445 2560 Apapane St 5/20/2009 $705,000
219605 5681 Kaapuni Rd 5/20/2009 $870,000
220435 3680-B Lolo Rd #2 5/12/2009 $885,000
219659 5517 Wailaau Rd 5/11/2009 $1,024,000
222037 3531 Anini Rd 5/4/2009 $1,250,000
223673 5486 Weke Rd 5/21/2009 $3,650,000
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Here are the residential sales for May 2008 that show how the median sales price of $705K was
established:
Copyright 6/8/2009 by Hawaii Information Service
MLS Number Location Sold Date Sold Price
208217 5997 Kapahi Rd 5/16/2008 $360,000
205170 7743 Ulili Rd 5/23/2008 $405,000
204694 8220 Elepaio Rd #B 5/2/2008 $425,000
203743 3-3994 Kuhio Hwy 5/30/2008 $432,000
193229 5434 Kula Mauu St 5/6/2008 $435,000
211662 4043 Hoohana St 5/21/2008 $455,000
205902 376 Kaholalele Rd 5/2/2008 $465,000
202380 6171 Koolau #1 5/23/2008 $525,000
202383 6171 Koolau #2 5/23/2008 $525,000
211907 4372 Ulua St 5/29/2008 $650,000
204152 4620 Anolani St 5/20/2008 $705,000
210683 5008 Puuwai Rd 5/30/2008 $775,000
199128 5631 Ohelo Rd 5/13/2008 $775,000
207197 7771 Koolau Rd. #1 5/23/2008 $845,000
208282 5070 Kamamalu Loop 5/15/2008 $850,000
197612 4443 Kai Ikena Dr #2 5/28/2008 $860,000
197977 4892 Cr Kaui Rd/pepelani 5/15/2008 $905,000
190069 3660 Kakela Makai Dr 5/30/2008 $925,000
204795 4742 Aliomanu Rd 5/30/2008 $1,275,000
187278 Kalalea View Drive 5/21/2008 $1,800,000
210752 5494 Weke Rd 5/1/2008 $4,200,000
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Land held pretty steady in May with 09 median sales price of $350K compared to a median sales price of $377,500 in May 08. Condos fell dramatically from a median of $610K in May 08 compared to $330K in May 09. Here are the sales that created the $610K median sales price:
Copyright 6/8/2009 by Hawaii Information Service
MLS Number Location Sold Date Sold Price
188223 Halelani Village At Puhi Ph I #C206 5/27/2008 $165,000
196332 Villas Of Kamalii #42 5/15/2008 $230,000
205071 Halelani Village At Puhi Ph Ic #X103 5/23/2008 $243,000
204941 Banyan Harbor #56 5/1/2008 $305,000
209885 Prince Kuhio #137 5/30/2008 $389,000
209158 Sandpiper Village I #216 5/2/2008 $391,000
207850 Makahuena #I302 5/28/2008 $533,975
208510 Regency Huleia #47 5/12/2008 $565,000
208232 Regency Huleia #70 5/2/2008 $589,000
211188 Puamana #14D 5/30/2008 $610,000
199987 Villas Of Kamalii #35 5/30/2008 $665,000
207174 Sealodge Ii #J6 5/14/2008 $695,000
151413 Kaiulani Of Princeville #58 5/19/2008 $876,400
209316 Nihi Kai Villas #521 5/9/2008 $895,000
152054 Kaiulani Of Princeville #62 5/30/2008 $989,390
209676 Hanalei Bay Resort #J22 5/30/2008 $1,000,000
152053 Kaiulani Of Princeville #60 5/30/2008 $1,075,990
205964 Puu Poa #105 5/14/2008 $1,475,000
152075 Kaiulani Of Princeville #5 5/2/2008 $1,765,990
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Here are the stats for the 2009 May median sales price of $330K:
Copyright 6/8/2009 by Hawaii Information Service
MLS Number Location Sold Date Sold Price
220213 Islander On The Beach #142 5/29/2009 $95,000
220211 Islander On The Beach #143 5/29/2009 $95,000
206513 Sun Village-kauai #C404 5/18/2009 $180,000
217211 Cliffs At Princeville #2109 5/29/2009 $275,000
221838 Makahuena #IIC104 5/11/2009 $305,000
219814 Kalaheo Pali Kai #61 5/11/2009 $320,000
222630 Emmalani Court #323 5/22/2009 $330,000
221489 Alii Kai At Hanalei #2201 5/6/2009 $420,000
222621 Emmalani Court #225 5/15/2009 $440,000
222697 Villas On The Prince #3 5/15/2009 $576,900
223690 Nihilani At Princeville Resort #33C 5/8/2009 $640,000
221272 Nihilani At Princeville Resort #34C 5/14/2009 $650,000
223167 Kiahuna Ph I #27 5/22/2009 $725,000
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Before you get all excited and think there are actually condos for sale on Kauai for $95K, I want you to know that these are hotel room conversions. In other words, you are buying a renovated hotel room with no kitchen and about 300+ square feet in a resort setting for that price. As for Sun Village at $180K, that is a leasehold development for those 55 and older only. For the complete May 2009 statistics, please click here to go to my website where they are posted. As always, I'm here for you with the facts. Just call or email.
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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