Fourth quarter statistics are in for Kauai real estate sales. The charts below show our real estate cycles beginning in 2005, the buildup to what turned out to be a peak in 2006, the 2011 market bottom, and on to the present. All three categories, homes, condos, and land, showed a dip for the 3rd quarter 2014, something I described at the time of posting as "interesting" but probably not the start of a new trend. That assessment is affirmed by 4th quarter statistics which show a substantial increase in prices for all 3 categories.
Kauai condo sales prices have been on an upswing since 2011. The data trend line shows a continued upswing in prices with a large 4th quarter increase. Current median is 11% higher than a year earlier.
Residential sales prices have been trending up for 1 to 2 years. In the 4th quarter 2014, median sales price took a large jump. For the year, the median is up a modest 1%.
Kauai Vacant land sales prices were relatively flat for several years. The 4th quarter uptick represents an increase of 7% for the year.
Serving clients is my specialty whether it be on the island of Kauai or the island of Maui. Data analysis is one of many hobbies and I'm pleased to share that to the benefit of my clients. Contact me for assistance in buying or selling on Kauai or on Maui.
Richard T. Dolbeare, R(BIC)