Aloha,
Nov 2012 just missed the mark, coming in with 78 sales compared to 80 for Nov 2011. Even though the sales were off by 2.5%, the numbers are very good when compared to past Novembers. Nov 2010 had 68 sales, Nov 2009 only 48, Nov 2008 had an amazing low of only 29 sales while Nov 2007 had 51. After looking at these numbers, this past month looks pretty darn good. Year to date we are ahead of 2011, with 795 sales compared to 712 at this time last year. The only year to date that had more sales in the last 6 years at this point in time was 2007 with 845 sales.
In terms of sales volume, we had a dramatic drop of 36%, going from $74M in Nov 2011 to $48M this past Nov. When looking at the different sales categories, the greatest volume change is in residential which posted $60M in sales for Nov 2011 while Nov 2012 only had $31M. A review of sales shows that in Nov 2011 there were two uncommonly large sales – one in the amount of $20K and another at $18M which accounts in large part for the disparity between the two years. Aside from Nov 2011 – the $48M that changed hands this past month is more than any other Nov since 2007 with the low being Nov 2008 with only $27M.
Year to date for 2012, sales volume is 11% higher than this time last year with $451M compared to $406M for 2011. This number is higher than any other year since 2008. 2007 was higher with $737M in sales.
Median sales price for residential is up for Nov 2012 with $522,500 compared to $463,500 for Nov 2011. Median for year to date was almost the same, with $455K for 2012 compared to $450K for 2011. Residential year to date was steady for a couple of year, posting $492,500 for 2010, $470K for 2009 but then jumping to $625K for 2008 and going even higher in 2007 to $650K.
Monthly median for Condos was slightly higher with a posting of $294K for Nov 2012 compared to $212,500 for Nov 2011. Condos followed the same trend as residential, with a median of $285K for 2010, $352,500 for 2009, then jumping to $560K for 2008 and going even higher in 2007 to $580,600.
That’s a quick summary of how the Kauai market is doing. If you’d like to see the full statistical report for Kauai, click here to go to my website. If you have any questions, you know who to ask – that’s why I’m here; so you get the facts before buying or selling.
Mele Kalikimaka and Hau’oli Makahiki Hou!
Aloha Elaine
Boats along the beach.
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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