Kauai residential sales continue to look a little more healthy than early in the year. Back at the end of February, pretty much the only price category that was selling was homes below $500,000 which had a whopping 62% market share. Now at the end of June, that share is down to 48% and the next higher category has more than doubled. The charts below tell the story.
Median sales prices used to be in the high $700K range but dropped off a cliff when higher-end homes quit selling. It's important for those homes to start selling again and clearly there is a move in that direction.
January to February 2009 sales spread
January to March 2009 sales spread
January to February 2009 sales spread
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