Aloha from Princeville Kauai,
May 2016 did not meet our expectations coming in with only 84 sales, falling short of the 102 sales from May 15. This represents an 18% decrease. This is the worst performing May in the last 6 years with the exception of May 2011 which had only 70 sales. The top was May 14 with 112 sales.
Year to date we stand at 430 sales, up by 12% from YTD May 15 with 385 sales. High YTD was, of course, May 14 with 443, with the lowest YTD May 11 with 325 sales.
Sales volume is also down, going from $63M in May 15 to $61M in May 16; a 3% decline. May 14 posted $72M in sales, May 13 $54K in sales, followed by May 12 with $50M in sales and finally, as usual, May 11 with the lowest number of $36M in sales volume.
Median residential went from $615K last May to $502,500 this May. Condos came in with $340K, down from $375 in May 15. Land took a jump, posting $410K as the median compared to $330K last May.
If you wish to see the entire statistical report as published by the Hawaii Information System, please click here where I post it every month on my website.
Looking to buy or sell? Please text or email me for the facts. I’d be delighted to help you buy or sell your Island home. Have a great June! Summer is definitely here!
Did you know that you walk across the landing strip for the Gibraltar Airport to get to the Rock of Gibraltar?
Midway up the Rock, you’ll see these Barbary macaques, better known as the Apes of Gibraltar, although they are actually monkeys.
Elaine Schaefer (B) REALTOR
CRS, GRI, ABR, SFR, SRS
Broker in Charge – Princeville Resort Office
Top Producer 100% Club
Princeville, HI 96722
Cell: 808 639 2935
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……Making your real estate dreams