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Kauai Absorption Rate for July 2011--Continued Improvement

By
Real Estate Agent with Inactive INACTIVE HI Lic# RB-20941

Our Kauai real estate absorption rate continues to move toward a balanced market although we're not there yet except for the Lihue condo market.  There has been a huge improvement compared to a little over 2 years ago (see 2nd chart).  Of course that is from a seller's perspective; for buyers it's time to act while there is still a significant tilt toward a buyer's market.

Kauai Absorption chart

 

Back in 2009 practically the entire chart was red (awful for sellers but wonderful for buyers)

Kauai real estate absorption rate chart

 

Aloha & best wishes!

Posted by

Richard T. Dolbeare, R(B) photo

Richard Dolbeare, R(B), HI LIc. # RB-20941
Hawaii multi-island specialist for Maui & Kauai with eXp Realty
Property owner on both Maui & Kauai
(808) 651-4550 | Aloha@eXp808.com
MauiSandCastles.comKauaiRocks.com

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eXp Realty is a nationwide cloud-based brokerage licensed in Hawaii as follows:

eXp Realty, Lic. # RB-21841, 500 Ala Moana Blvd., #7-400, Honolulu, HI 96813

Comments(7)

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Julie A. Black
KAUAI DREAMS REALTY Kauai Real Property Specialist - Kapaa, HI
CLHMS, CRS, GRI, Realtor, Broker

Nice charts and info. I just took a class in the QR codes so I finally know how to use them.

Jul 24, 2011 11:43 AM
Richard Dolbeare
Inactive - Wailuku, HI
Living the Hawaii Lifestyle

QR codes seem to be slow in catching on here on Kauai but that will probably soon change.

Aloha!

Jul 24, 2011 01:02 PM
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

That's good news for your island and maybe a sign that things are returning to normal finally.

Jul 24, 2011 03:08 PM
Bill Jones
Discovery Real Estate Ltd. - "Homes By Jones" - Airdrie, AB
Realtor (403-701-1739) Airdrie & Calgary Area Homes and Condos

I am surprised to see the South end so deep in the Red on your graph, does that include Poipu area?  We frequent Poipu and last time I was there ,Feb. 2011,  found prices still higher than I expected.  I thought thought sales must be brisk but not according to your chart.

Bill

 

Jul 28, 2011 04:23 AM
Richard Dolbeare
Inactive - Wailuku, HI
Living the Hawaii Lifestyle

Hi Bill,

 

South Shore sales show huge improvements but it's still heavily weighted toward a buyer's market.  As you will know, this is a large resort area and when mainland buyers quit buying vacation properties, the inventory went through the roof.  Now we're down to a 28 month supply of condos compared to the former 156 months 2 years ago.

Jul 28, 2011 05:59 AM
Roy Kelley
Retired - Gaithersburg, MD

 

Merry Christmas!

Your friends in Maryland, Roy and Dolores Kelley

 
Longwood Gardens IMG_2228

Photographs by Roy Kelley.  Canon PowerShot G11 camera.
Roy and Dolores Kelley Photographs

 

Dec 25, 2011 01:40 AM
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

Hi Richard - just wanted to say Happy New Year and wishing you the best for 2012.

Jan 03, 2012 09:57 AM