Kauai Sales Statistics For February 2009
Kauai home sales statistics have been released for the month of February 2009 and a summary for residential and condominium properties is presented below. The figures are island-wide comparisons of current sales versus year ago sales. Today's high-anxiety environment will drive some to look at data draw conclusions which may or may not be correct. In my experience, monthly values fluctuate widely and I've always preferred to use year-to-date data to average out the fluctuations. Since we only have data through February, even year-to-date data are based on a small number of sales.
It's important to keep in mind that the data reflects what is actually selling and not necessarily a change in value of a particular property. In my experience investor purchases tend to be in higher-priced resort areas whereas owner-occupant purchases tend to be more focused in value-priced areas. My buyer clients today are much more heavily weighted toward owner-occupant than in previous years when investors dominated. More sales in value-priced areas and fewer in higher-priced resort areas will drive median sales prices down.
Number of Sales
| Type | February | % Change | Year-To-Date | % Change | |
| Residential | 10 | -62% | 20 | -58% | |
| Condominium | 10 | -38% | 17 | -53% |
Median Sales Price
| Type | February | % Change | Year-To-Date | % Change | |
| Residential | $339,500 | -47% | $404,285 | -39% | |
| Condominium | $338,500 | -40% | $290,000 | -49% |
Additional breakdown of this information is available to my clients upon request.
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[Data extracted from MLS reports. Information contained herein is deemed reliable but is not guaranteed. Buying & selling decisions should be made in consultation with a real estate professional and not on representations herein. Opinions are solely my own and do not necessarily reflect those of my brokerage.]
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