Aloha,
Jan 2010 certainly outperformed Jan 09 with 54 sales this past month compared to 20 in 09. Hopefully, this bodes well for the rest of 2010! Of January's sales; 31 were residential, 9 land sales, and 14 condos. The residential sales were across the board with 1 in the Waimea zone, 9 in Koloa, 7 Lihue, 8 Kawaihau zone and 6 in the Hanalei zone. In Jan 08 there were 50 sales, 69 in Jan 07, a whopping 121 in 06 and 105 in Jan 05. We've clearly got a long way to go before we get back to the height of the market.
Despite a 170% increase in sales from Jan 09 to 10, sales volume is down going from $24,023,569 in Jan 09 to $22,120,465 in Jan 10 which represents am 8% decrease. What does THAT say about pricing? In Jan 08 sales volume was at $47M, Jan 07 was even higher at $55M, while Jan 06 posted volume of an amazing $95M with Jan 05 at $67M.
As for median sale price, residential in Jan 10 is at $375K down from $466K in Jan 09, $585K in Jan 08, $799K in Jan 07, $651K in Jan 06 and $492K in Jan 05. Land went down from $250K in Jan 10 to $200K in Jan 09. Jan 08 had the high for the last few years, with a median price of $855K up from $425K in 07, $585K in Jan 06 and $330K in Jan 05.
Here are the sales for land in Jan 09 which resulted in the median (not average) price of $250K:
Copyright 2/12/2010 by Hawaii Information Service
MLS Number Location Sold Date Sold Price
185840 6250-B Olohena Rd #2 1/15/2010 $160,000
230869 3761 Alana Pl 1/8/2010 $215,000
199791 2790 MOKOI ST, Apt 2 1/27/2010 $236,000
220795 3647 Uwao St 1/6/2010 $240,000
224437 4061 Pai St 1/29/2010 $250,000
215416 Poipu Beach Estates Lot #:106 1/20/2010 $255,000
222042 Poipu Beach Estates Lot #:137 1/20/2010 $295,000
228911 Hauiki Rd 1/22/2010 $335,000
227589 4859 Emmalani Dr 1/29/2010 $375,000
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Here's how Jan 08 ended up at $855K:
Copyright 2/12/2010 by Hawaii Information Service
MLS Number Location Sold Date Sold Price
206606 Kaena St 1/30/2008 $316,000
201981 Waiakalua #B 1/18/2008 $635,000
205789 Alaeke Rd 1/9/2008 $649,000
184111 5071 Opelu St 1/2/2008 $855,000
205861 Kukuiula Residential Subdivision Ph I Lot #:79 1/10/2008 $2,140,000
205858 Kukuiula Residential Subdivision Ph Iia Lot #:6 1/10/2008 $3,200,000
203999 Kuhio Hwy. #4 1/18/2008 $6,750,000
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Condos remained pretty steady with a median sales price of $204K in Jan 10, $254K in Jan 09, $586K in Jan 08, $455 in Jan 07, $430K in Jan 06 and $470K in Jan 05. If you want to see the full report for Jan 2010, you'll find it on my website, Www. KauaiRealEstateNow.com under Market Statistics. Click here to access the information.
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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