Aloha,
Good news continues in 2011 with a sales increase for Feb 11 of 50% with a total of 60 sales, 20 more than the 40 that occurred in Feb 10. Year to date we are at 118 sales compared to 94 this time last year. Of this month's 60 sales, 26 were residential, 9 land, 4 commercial and 21 condos. Take a look at the 21 condos that sold - from $22,400 to $1.4M in price.
Copyright 3/2/2011 by Hawaii Information Service
Location Sold Date Price Sold Price
Kauai Beach Resort #2301 2/18/2011 $23,500 $22,400
Kauai Beach Resort #2509 2/28/2011 $30,000 $27,000
Kauai Beach Resort #2331 2/28/2011 $30,500 $29,000
Kauai Beach Resort #2341 2/28/2011 $33,500 $32,000
Kauai Beach Resort #1333 2/25/2011 $35,000 $32,000
Kauai Beach Resort #2506 2/22/2011 $68,500 $65,000
Kauai Beach Resort #4110 2/22/2011 $78,000 $74,000
Islander On The Beach #320 2/23/2011 $75,000 $75,000
Islander On The Beach #201 2/11/2011 $84,000 $77,000
Halelani Village At Puhi Ph I #A102 2/11/2011 $129,000 $129,000
Plantation Hale #F12 2/16/2011 $145,000 $132,500
Halelani Village At Puhi Ph I #K101 2/2/2011 $139,000 $139,000
Halelani Village At Puhi Ph Ic #AA202 2/18/2011 $155,000 $150,000
Islander On The Beach #151 2/23/2011 $155,000 $155,000
Puamana #1A 2/10/2011 $310,000 $270,000
Princeville Mauna Kai #D301 2/4/2011 $281,000 $281,000
Hookena At Puhi #501 2/3/2011 $299,000 $309,000
Regency At Poipu Kai #924 2/25/2011 $495,000 $475,000
Kuhio Shores At Poipu #113 2/10/2011 $479,000 $489,000
Whalers Cove At Poipu #138 2/4/2011 $1,550,000 $1,400,000
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
In the years past, we saw 26 sales in Feb 09, 57 in 08, 83 in 07 and a hefty 105 in Feb 06.
Sales volume is up substantially, going from $19M in Feb 10 to a robust $40M in Feb 11. We have almost more sales volume this month alone that we did year to date in 2010 which totaled $42M. Year to date for Feb 11 is at $78.7M. In Feb 09 there was only $11M in volume, for Feb 08 it was $53M, with $64M in Feb 07 and $66M in Feb 06. Slowly but surely we are coming around. If you're wondering where all this sales volume came from (after looking at the condos, it's pretty clear it didn't come from there) take a look at the last several home sales for Feb:
Copyright 3/2/2011 by Hawaii Information Service
Location Sold Date Price Sold Price
4875 Moi Rd 2/9/2011 $244,900 $250,000
4270 Oama Pl 2/4/2011 $265,320 $265,000
4745 Apopo Rd 2/14/2011 $279,900 $280,000
4727 Manulele St 2/3/2011 $350,000 $320,000
5281 Ihilani Pl 2/25/2011 $328,000 $325,000
279 Aina Pua Pl 2/10/2011 $379,000 $340,000
5124 Apelila St 2/28/2011 $390,000 $365,000
4608 Kaao Rd 2/25/2011 $425,000 $392,000
Koloa Town Lot #:B-2- 2/11/2011 $399,900 $406,000
4469 Kanaele Rd 2/18/2011 $438,000 $420,000
5334 Makaloa St 2/7/2011 $489,000 $468,000
4884 Pepelani Lp 2/13/2011 $569,900 $545,000
1227 Pua Melia St 2/24/2011 $625,000 $595,000
4228 Waileia Pl 2/7/2011 $575,000 $600,000
4838-C Puuwai Rd 2/17/2011 $695,000 $610,500
4320 Kai Ikena Dr 2/22/2011 $649,900 $640,000
1489 Kanepoonui Rd 2/14/2011 $995,000 $760,000
2865 Milo Hae Loop 2/14/2011 $949,500 $825,000
5385 Kolepa Pl 2/17/2011 $450,000 $870,000
3004 Kiahuna Plantation Dr 2/18/2011 $975,000 $950,000
2995 Kiahuna Plantation Dr 2/3/2011 $650,000 $1,000,000
2541-B Halaulani Rd #3 2/18/2011 $1,499,000 $1,325,000
4980 Kahiliholo Rd. 2/18/2011 $1,995,000 $1,787,500
5446 Weke Rd 2/16/2011 $2,743,000 $2,743,000
5438 Weke Rd 2/16/2011 $3,500,000 $3,500,000
4971 Hanalei Plantation 2/11/2011 $7,490,000 $5,500,000
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Median sales price for residential is up (no surprise) going from $446,500 in Feb 10 to $545K in Feb 11. In Feb 09 the median was a low $399,500, Feb 08 was $845K, Feb 07 $592K and Feb 06 $627K. Land was also up, going from $237,500 in Feb 10 to $713K in Feb 11. Condos are the only type of property that went down; they were at $370K last Feb 10 and fell to $144,500 for Feb 11. Keep in mind; this is a median price and not an average.
Overall, it looks and feels, judging by the amount of activity seen by the various agents that things are on the move. Only time will tell! If you want to see the full statistical report, you can always find it on my website where I post it in its entirety- just click here.
Any questions, you know who to call or email. That's why I'm here.
Aloha Elaine
Elaine Schaefer (R, CRS, GRI, ABR, SFR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor's Institute
Accredited Buyer's Representative
Short Sale and Foreclosure Resource Certification
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/
......Making your real estate dreams
my business.........
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