Kauai's real estate market is primarily driven by resort and second-home buyers. Because of that the average days on market here is generally longer than in many communities nationwide. But like many areas of the country we experienced strong sales and a climb in prices last year.
As this chart shows, while Kauai's market is not "on fire" - as a few areas in the USA are now - it is clearly up-trending and strong. Inventory is lower and prices are higher for both single family homes and condos. Unlike some regions there is no concern that Kauai's market has reached bubble territory, the dangers of which we all known from the sharp declines experienced during the Great Recession.
Our market is healthy, a good market for buyers as well as sellers. And all predictions are that it is likely to continue on this path through 2016 and beyond.
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