The Pacific Business News has reported that home sales on Kauai have soared in the last month as prices drop. PBN reports "Home sales on Kauai rose by more than 50 percent in November and condominium sales more than doubled, while prices dropped by almost a third."
This is not just great news for the Kauai real estate market, but for buyers as well. Prices here are dropping, but interest rates also remained low this week. While the market values are shifting downward, property taxes will also start to drop at next year's assessment, provided the base rates remain constant. This presents great opportunities for those buyers who have yet to put an offer in on a home or condominium. All in all, it looks as though real estate on Kauai may take an upturn in activity! Great news for all concerned. Happy Holidays!!
