Kauai, Hawaii Short Sales Statistics
The number of short sales that are closing continues to increase on Kauai. In 2008. according to the MLS, there were no short sales. In 2009 there were 22 and that number nearly quadrupled in 2010 to 82. For 2011, there have been 66 closed short sales through August 4th. These short sales account for 15% of the Kauai sales so far this year.
Of the 66 Kauai short sales so far this year, 23 were at Kauai Beach Resort. The sales prices ranged from $22,500 - $95,000. There were also 10 units at Kauai Beach Resort that sold this year that were bank-owned. If you are interested in a bank-owned Kauai Beach Resort condo offered for sale , visit my website at http://www.carolskon.com/ListingDetails.
The median sales price for Kauai short sales has dropped from its peak of $363,875 in 2010 to $267,500 in 2011.
The most expensive Kauai short sale that closed this year was the sale at 6610 Moloa'a Road that closed for $2,200,000. It is a 5 bedroom. 3.5 bath of 3289 square feet on just over 3/4 acre of land.
If you need help selling your Kauai property as a short sale or if you are a buyer looking to buy at today's great prices, contact the Kauai Short Sale Team. Call me at 808.634.2945 or send me an email at firstname.lastname@example.org or call the other half of the Kauai Short Sale Team, Deborah Kessler at 808.647.4744.