Improvement In Kauai Residential Absorption Rate

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Real Estate Agent with Keller Williams Realty Maui Hawaii Lic. # RB-20941
Kauai Lagoons Preliminary Information

Kauai Absorption Rate Is Improving

When I first started preparing absorption rate charts for Kauai in early 2007, there was a mix of the good, the bad, and the ugly.  In early 2008, the chart had deteriorated to mostly ugly.  Today I did another update and what a nice surprise!  The supply of unsold homes in 2 of our 5 zones has improved markedly.  Our central Lihue zone is actually back in the "OK" to "Fine" region (see referenced Business Week article for a description) and the East Side is much improved from 26.2 months to 17.8 months supply.  Condos continue to be troublesome across the board.  The updated absorption rate chart is shown below.

Our central Lihue zone is the center of commerce for the island.  For those looking to buy in that area this chart and the cost of commuting should create a sense of urgency.

Absorption Rate Chart (right click and select

 

Visit www.KauaiRocks.com for Hawaii real estate information

Richard Dolbeare, REALTOR-ASSOCIATE

Richard Dolbeare
REALTOR-ASSOCIATE®
Accredited Buyer Representative & e-PRO
Century 21 All Islands, the #1 brokerage on Kauai
(808) 651-4550
(866) 757-8239 (FAX)
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Richard T. Dolbeare, R(B) photo

 

Richard T. Dolbeare, R(B)

Keller Williams Realty(808) 651-4550

Aloha@RichardDolbeare.com 

www.MauiSandCastles.com and www.KauaiRocks.com 

 Hawaii multi-island specialist, Maui & Kauai
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Topic:
Real Estate Market Trends
Location:
Hawaii Kauai County
Tags:
condos
absorption rate
kauai
real estate
century 21
homes
richard dolbeare
kauairocks
all islands

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Rainmaker
551,502
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA, Orange Co

Aloha Richard,

Good to see things are improving in beautiful Kauai!

It's been a long time since I've been to your beautiful island, yet I hope to be there again. You know if everyone knew how wonderful it was there, you would need to turn them away.

Aug 16, 2008 07:51 PM #1
Rainmaker
492,227
Richard T. Dolbeare
Keller Williams Realty Maui - Kahului, HI
R(B), ABR, CRS...Hawaii Multi-Island Specialist

Aloha Lynda,

Thanks for your comments.  Come on over soon.  Tourism is still down so not only is it a great time to visit but WE NEED YOU!

Richard

Aug 16, 2008 07:54 PM #2
Ambassador
516,449
Pam Dent
Gayle Harvey Real Estate, Inc. - Charlottesville, VA
REALTOR® - Charlottesville Virginia Homes / Horse

Hi Richard - It looks like your east area has really picked up.  I hope the rest follow suit soon.

Aug 31, 2008 08:29 AM #3
Rainmaker
492,227
Richard T. Dolbeare
Keller Williams Realty Maui - Kahului, HI
R(B), ABR, CRS...Hawaii Multi-Island Specialist

Hi Pam,

Residential is getting better and I hope condos follow soon.

Best Wishes to you in horse country

Aug 31, 2008 09:28 AM #4
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Rainmaker
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Richard T. Dolbeare

R(B), ABR, CRS...Hawaii Multi-Island Specialist
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