Kauai November 2015 Market Statistics

By
Real Estate Broker/Owner with Sold on Kauai Realty RB-18142

Aloha with news about Princeville Kauai!

We are actually in Botswana where houses are very different, with many, many cows, goats and donkeys just wandering around. They are as plentiful as the chickens on Kauai and can create a hazard on the roadways if you are not vigilant.

As for Kauai – Nov 15 handily outperformed Nov 14 by 27% with 71 sales compared to 56 last Nov. If this energy continues on through Dec, we’ll have a great year’s end and hopefully a good start to 2016. Houses were slightly down, from 35 to 31 while land took a jump from 6 to 12 sales and condos had a similar surge, going from 15 to 27 sales. There was one commercial sale.

Although it’s a promising end to this Nov, it falls short of Nov 13 with 79 sales, Nov 12 with 78, and Nov 11 with 80; surpassing only Nov 10 which had 68 sales. Let’s hope the uptick continues.

Year to date we are still slightly behind with 909 sales to date the end of Nov 15, compared to 922 for the same time last year. Year to date 13 stood at 915 sales, while year to date 12 was only at 797 sales. The trend continued downward, with 713 sales posted for year to date 11 and 639 for year to date 10.

Sales volume for Nov 14 is up by a strong 44% with $50M in sales for this past Nov compared to $35M for Nov 14. This is the second highest sales volume for the past 6 years, with only Nov 11 posting a higher volume of $75M.

Year to date stands at $692M which is the highest sales volume of the last 6 years. Year to date Nov 14 posted $586M, year to date Nov 13 stood at $509M, year to date Nov 12 was at $451M, year to date Nov 11 had $406M while year to date Nov 10 was once again the low point with $350M in sales.

The median sales price for residential for Nov 15 saw a 17% increase, going from $499K to $585K. Condos were up by 11% with a median of $444K for this Nov compared to $400K for Nov 14. To view the Statistical report in it’s entirety, please click herewhere I post it on my website each month.

Remember, to make a good sale or purchase, information is your best asset. Make sure you get the facts before buying or selling – that’s why I’m here!

Aloha Elaine

IMG_470841504

This was our first wildlife sighting as we stepped off the bush plane at the Motswiri Camp in the Okavango Delta – a leopard tortoise.

Elaine Schaefer (B) REALTOR
CRS, GRI, ABR, SFR, SRS
Broker in Charge – Princeville Resort Office
Top Producer 100% Club

RE/MAX Kauai
POB 223609
Princeville, HI 96722

Cell: 808 639 2935
soldonkauai@gmail.com

Website: KauaiRealEstateNow.Com
Blog: Activerain.com/blogs/soldonkauai
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……Making your real estate dreams
my business………

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