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Kauai real estate inventory continues to increase--is a breather in sight?

By Richard Dolbeare

Real Estate Agent with Inactive INACTIVE HI Lic# RB-20941

December 18, 2008 06:16 PM

The updated Kauai real estate inventory chart is presented below. The 3+ year climb may have resumed as shown in the chart. The dip in early November was hopeful but as I always say "one month does not a trend make". Nevertheless, we may be starting to flatten out and another few months will give a better picture on that. Unfortunately, the Koloa/Poipu area on Kauai's south shore continues to climb without a break. This is likely because of the high concentration of condos in Poipu which normally attract mainland buyers. Those buyers have been conspicuously absent, both as measure in real estate sales and in tourism. Todays lower prices and ultra-low interest rates should start to make some of these properties irresistable.

Chart image

Aloha!

Engineering Hawaii Dreams Today--Helping Buyers Find Dream Homes & Sellers Find Buyers

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Bill Jones

Discovery Real Estate Ltd. - "Homes By Jones" - Airdrie, AB

Realtor (403-701-1739) Airdrie & Calgary Area Homes and Condos

Richard, on a positive note when I get one of my cold Canadian clients looking for a Realtor in Hawaii, It appears you'll me able to find them something. I'll keep lookingofr someone going your way.

Bill

Dec 19, 2008 04:18 PM

Richard Dolbeare

Inactive - Wailuku, HI

Living the Hawaii Lifestyle

Hi Bill,

As unbelievable as it is, we're having a big "sale" on homes in paradise and the're more to pick from than ever.

I had a Canadian client purchase a lot on Kauai recently and would be pleased to have others to work with. While I'd like to reciprocate, I have yet to have anyone looking for a place in Canada. People who come here usually want to stay unless they lose their job and need to go back to the mainland.

Dec 19, 2008 04:25 PM

Ann Allen Hoover

RE/MAX Advantage South - Hoover, AL

CDPE SRES ASP e-PRO Realtor - Homes for Sale - AL

Richard, I hope a breather is indeed in sight. I am still working on that blackberry recipe. I talked to my Mom while she was out shopping about it, so hopefully between me and her, we can remember to get it for you. I hope you have a very nice Christmas!

Dec 20, 2008 09:27 AM

Hi Ann - It will be nice to put real estate aside for a bit while I feast on blackberry pie! I'm looking forward to the recipe. I'm really not helpless in the kitchen but normally choose not to do much cooking/baking for myself. I'll get geared up as soon as I have the new recipe! Thanks so much!

Dec 20, 2008 09:34 AM

Eileen Begley

Coldwell Banker, DelMonte - Carmel, CA

Monterey Real Estate

Hi Richard; sounds like a good time to buy a home on one of the islands!

Dec 21, 2008 03:36 AM

Hi Eileen - Yup, a very good time indeed. How is it in Carmel?

Dec 21, 2008 03:58 AM

Hi Richard; Carmel itself isn't too bad. More inventory than usual of course. Prices aren't taking as much of a hit as other areas. If a buyer wants it badly enough - they pay the price. Lower end in Carmel ($750,000 +/- ) is taking more of a hit. Hey we didn't have a "lower end" for awhile there as there was almost nothing under the 1 million mark! The rest of the Peninsula (except for the REO's in Seaside) is taking more of a hit.

Dec 21, 2008 06:35 AM

Cindy Bryant

Redesign Etc. Home Staging - Houston, TX

"Houston Home Staging Pros"

When I get closer to retirement, I will definitely be looking!

Dec 22, 2008 03:43 PM

Cindy - We need you, how long before retirement?

Dec 22, 2008 05:20 PM

James Wexler

wexzilla.com - Scottsdale, AZ

I guess the good news is that at least you are in Kuai, our chart looks very similar here in scottsdale AZ, but Again, at least it is 60 degrees on X-mas

Dec 24, 2008 01:16 AM

Hi James,

I'm sure there are many who would relish your 60-degree weather.

Aloha, Richard

Dec 24, 2008 03:45 AM

Kauai real estate inventory continues to increase--is a breather in sight?

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