Princeville, Hawaii Condo Sales Market Report thru September 2015
The hot and humid summer and many of the hurricane threats are behind us now and the weather here in Princeville is so much more comfortable. So how hot was the condo market?
The number of sales thru Third Quarter 2015 (71) is about even with the number of sales thru Third Quarter 2014 (70). In 2014 the full year shows that 84 condos sold. So 13 condo sales in Fourth Quarter 2015 will bring us on par with 2014. Currently there are 11 Princeville condos that are contingent (sale is pending).
The year-to-date 2015 median sales price ($535,000) is well-above the full year median sales price for Princeville condos in 2014. But still 65% below the peak of 2008 ($825,000).
As of October 3, 2015, there are 78 Princeville condos for sale offered from $334,900 for an REO at Mauna Kai to Ka'iulani of Princeville #15 offered for $1,999,900.
The least expensive condo that sold year-to-date 2015 in Princeville was Princeville Paniolo that sold for $265,000 and was in need of updates.
Four (4) condos sold for over $1 million and one of those sold for over $2.1 million (Ka'iulani of Princeville #19). I am still amazed that Buyer paid that price! In 2014 there were 5 condos sold with sales prices over $1 million with the most expensive condo sold for $1,350,000 (Ka'iulani of Princeville #8).
If you are thinking of Buying or Selling on Kauai, email me or call me.