Tag Archives: Foreclosures

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.