Positive Changes in Kauai Real Estate Sales in First Quarter

Pacific Business News, April 15 this year, reports positive first quarter changes in Kauai real estate sales.

For single family homes, median prices were generally stable, rising 2.7%.  Number of sales went from 76 to 91, up 20%.

Condo median sale prices went down 22% from $345,000 to $270,000, but number of sales rose 18% from 55 to 65.

This comparison was to the first quarter of 2010.  Many of these properties, especially condos, have been distressed (short sales, foreclosures, and REO’s – bank owned properties being shed).

These changes support what we have been advising for months: prices may have bottomed out and some major property sectors are rising.  Loan rates remain at near-historic lows.

Tourism is up, and lots more visitors want to see properties.  Five years from now you may say, ‘Gosh, I missed it again.’  Kauai real estate in 2011 looks like the right time to make your move.

 

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About Donna Rice

Daughter of an Army Father Graduate of Killeen High School in Killeen, TX Graduate of University of San Francisco Graduate of REALTOR Institute Real estate salesperson from 1998-2001 Licensed Broker from 2001-present Member of the Centurion Honor Society for consistent high sales Member of Who’s Who in Luxury Real Estate Former Broker in Charge for Century 21 All Islands 2004-2014 Joined Elite Pacific Properties, LLC 2015 to present President of the Kauai Board of Realtors 2013 and 2017 Board Member of the Kauai Board of Realtors 2011 to 2014, 2016 to 2018 Executive Board Member of Hawaii Association of Realtors 2017 Educator for Hawaii Real Estate Agents Currently represent buyers and sellers Sales include luxury resort properties, exquisite homes with ocean views, farm and ranch homes, top golf community homes, and highly desirable luxury condominiums and single-family homes across a variety of island communities Sold over $17 million Dollars in sales volume

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