Hau'oli Makahiki Hou. I hope that everyone is off to a great new year.
Here are the full year condo sales statistics for Hanalei District - the North Shore of Kauai. The condo sales statistics show us that were 71 condo sales in 2011- up slightly from 2010. The median sales price was down about 10% from 2010.
Fourteen (14) of the condos sold were shorts sales and seventeen (17) were bank-owned (REO) sales. Of the REO sales, four (4) were at Nihilani of Princeville and four (4) were at Princeville Mauna Kai. So, the condo sales statistics show us that nearly 50% of the sales were bank-owned or short sales.
The least expensive condo that sold in 2011 was Pali Ke Kua #238 that sold for $40,000. It was a bank-owned (REO) leasehold condo of 993 square feet with 2 bedroom/2bathroom with some ocean view. According to the public records, it was purchased by the leaseholder.
The most expensive condo sold in 2011 was Ka'iulani of Princeville #18. That condo has such beautiful views. It sold for $1,375,000. It has 3 bedrooms/3.5 bathrooms with 2864 square feet of living space on two levels plus a two car garage and a 167 square foot lanai. If you are interested in the Ka'iulani Development, I have two well-priced listings. You can find out more on my website at www.carolskon.com
If yo are interested in more information on the condo sales statistics, please contact me.