Kauai and Muai year-to-date sales statistics through June 2009 compared to the same period in 2008 show that this continues to be an unprecedented opportunity for buyers. Selection is huge and prices are down substantially There remains a large amount of inventory to be cleared out before downward price pressures ease. An upturn in number of sales is key to that and there are hints that this may now be happening.
This Month's Update
Year-to-Date Median Sales Price (Jan-June 2009)
| Type | Kauai | % Change | Maui | % Change | |
| Single Family Homes | $479,500 | -27% | $510,000 | -14% | |
| Condominiums | $320,000 | -47% | $420,000 | -27% | |
| Vacant Land | $275,000 | -61% | $800,000 | +14% |
Year-to-Date Number of Sales (Jan-June 2009)
| Type | Kauai | % Change | Maui | % Change | |
| Single Family Homes | 103 | -30% | 285 | -41% | |
| Condominiums | 69 | -39% | 275 | -46% | |
| Vacant Land | 35 | -43% | 49 | -29% |
An article in the Maui News on the Maui housing market can be read HERE. The article makes it sound like the downturn is a sudden catastrophe but we agents know better than that. The downturn is painful for sellers and for agents but a golden opportunity for buyers.
[Data extracted from Kauai and Maui multiple list reports. Data is deemed reliable but is not guaranteed and should not be relied on for buying or selling decisions. There are likely to be differing opinions and interpretations of the data.]
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