Princeville, Kauai - Hawaii Home Sales Statistics- Princeville Home Sales-Hanalei Home Sales

By
Real Estate Agent with HomeSmart Island Homes RB 20260

Hanalei District - North Shore- Kauai -Home Sales Statistics

Let's look at the home sales statistics on the North Shore. The market was slow in 2009 and prices declined in Hanalei District (the North Shore of Kauai, Hawaii). Hanalei District includes Kilauea, Anini, Princeville, Hanalei,Wainiha and Haena.

There were only 61 homes sold in 2009. The median sales price dropped to $777,800 - below the prices of 2004, 2005, 2006, 2007 & 2008. The least expensive home sold for $362,500 while the most expensive home sold for $13,500,000.

Although I haven't included this in my home sales statistics charts, the number of sales in Hanalei District in 1996 was 57 with the median sales price of $250,000!! We saw about the same number of sales in 1996 as 2009 but the median sales price in 1996 was about 1/3 of the median sales price in 2009.

  Number of Sales Median Sales Price
1998 89 292,000
1999 136 301,250
2000 157 385,000
2001 108 520,000
2002 143 565,000
2003 140 609,500
2004 171 795,000
2005 161 900,000
2006 112 1,057,000
2007 100 1112000
2008 67 975000
2009 61 777,800

 

Hanalei District Single Family Residence Median Sales Price

Hanalei District Single Family Residence Number of Sales

My Listings 

 

 

Posted by

Carol L Skon, Realtor Broker, GRI, e-Pro  

Green Realty Group   Kauai, Hawaii

Main office: 1888 Kalakaua Avenue Suite C312, Honolulu, HI 96815  

808.634.2945         www.carolskon.com    

Kauaihawaiirealestateblog.com

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
Hawaii Kauai County Princeville
Groups:
Activerain MLS Online
Advice for Buyers
Americas Relocation Home Services - Our Mission is to Connect Home Buyers & Sellers With Local Real Estate Professionals
Local Expert
Posts to Localism
Tags:
princeville kauai hawaii
princeville home sales statistics
princeville home sales
hanalei home sales

Spam prevention
Show All Comments
Rainer
81,507
Louis Snitkin
Halstead Property - Manhattan, NY
"Results That Will Move You"

Looks like the "Price of Paradise" has been hit like the rest of the real estate world.  You still win in the weather category!

Jan 09, 2010 03:44 AM #1
Rainmaker
637,864
Associate Broker Falmouth MA Cape Cod Heath Coker
http://www.CapeGroup.com & http://www.REindex.com - Falmouth, MA
Heath Coker Robert Paul Properties Falmouth MA

Wow! And I thought we had an appreciation correction here on Cape Cod!

Jan 09, 2010 03:49 AM #2
Rainmaker
57,587
Arlene Baxter
Red Oak Realty - Berkeley, CA
Listing/Buying agent, Historic to Green, 2012 REALTOR of the Year, Berkeley Association Berkeley CA & environs

So interesting to see the housing stats for an area that I have thought of as the vacation destination in paradise! I so love the views from the beaches there!

After reading your post and looking at the details of some of the listings I briefly fantasized about buying a 2/2 condo there, but the HOA dues are pretty high. Are there really good management companies that could keep a unit rented for much of the year? Even in this economy?

Mahalo, e Hau'oli Makahiki Hou!

Arlene

Jan 09, 2010 04:27 AM #3
Rainer
223,978
Carol Skon
HomeSmart Island Homes - Princeville, HI
RB, Kauai, Hawaii Real Estate

Louis and Heath,

Yes, we have had quite a correction here in Kauai.  But the weather has been fabulous - sunny and warm and very little rain. It is paradise.  And now paradise can be had for a lot less!

Jan 10, 2010 02:53 AM #4
Rainer
223,978
Carol Skon
HomeSmart Island Homes - Princeville, HI
RB, Kauai, Hawaii Real Estate

Arlene,

I hear that quite a bit..high HOA dues. What do the HOA dues in include in Kauai?  Depending on the association, about 15-20% of the dues include reserve funds for future major repairs, 15-20% insurance (including hurricane insurance), 30-40% employee costs including an on-site manager and landscapers who do the landscaping and care for the swimming pools and 30-40% for taxes and utilities (water, sewer, electricity, rubish removal, etc).

My company, Resort Properties of the Pacific, handles vacation rentals.  Rentals have been down for the last 18 months but I was told by our Property Manager that rentals are up for 2010. In 2009, our property owners saw about 20%-65% occupancy depending on the property and the pricing.

Carol    

Jan 10, 2010 03:04 AM #5
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
223,978

Carol Skon

RB, Kauai, Hawaii Real Estate
Contact Me
*
*
*
*