Kauai Homes sales were up in 2015

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Real Estate Agent with Resort and Second-Home Specialist REALTOR Broker #21673

Image courtesy of sscreations at FreeDigitalPhotos.net

The median price of a single-family home on Kauai in 2015 was $613,500. That is a 15% increase over the median price in 2014 according to Hawaii Information Services.

The median price of a single-family home for the month of December was $580,000, a 33.7% decline compared to the median of $875,000 in December 2014. However month-to-month comparisons in this smaller market are deceptive. One sale can make a great difference in either direction. So the more reliable marker is the year-over-year comparison.

The number of sales here in December rose sharply with 48 homes sold on the island, a 37% increase compared to the 35 homes that were sold in December 2014. Number of homes sold is a more reliable indicator month to month than the median price month to month. In the final month of 2015 sales were trending strongly upward.

This uptrend in single family home sales is expected to continue into 2016 and beyond. The market is not considered over-priced so it is a good time for both buyers and sellers here.

 

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Please call or email me if you are considering selling or buying a property on Kauai. I work with a sales team that are experts at helping you make the right move!

 

Kathleen Luiten, REALTOR Broker                                                                         

808-346-3081

CENTURY 21 All Islands

 

Email: kathleen.luiten@hawaiimoves.com                                                                       

www.kathleenluiten.hawaiimoves.com  

Don't just dream, call Kathleen!

 

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Rainmaker
2,056,381
Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Hi Kathleen, always enjoy viewing information on other locations.  Tks for sharing.

Jan 10, 2016 01:01 AM #1
Rainmaker
3,474,496
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Happy Sunday Katheen Luiten,  15% increase is good for 2015, but the othere figure not sure about.  Hope you have a great day!

Jan 10, 2016 01:02 AM #2
Rainer
270,374
Rosemarie Heindel
Harry Norman Realtors - Big Canoe, GA
Rosemarie Heindel

Kathleen...I love to watch HGTV shows featuring Island Living.  My husband and I visited Kuai once and think it is beautiful.  The prices may be out of our personal range, but still economical for many looking to live in paradise.

Jan 10, 2016 01:30 AM #3
Rainmaker
1,757,489
Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, ABR, CNE, CRS, ePro, PSA, SRS

This is fantastic information. Thank you for sharing and best of luck!

Jan 10, 2016 01:49 AM #4
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Kathleen Luiten

Kauai Luxury Ocean Home Sales
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