March 7, 2010
2010 February Kauai Real Estate Market Update
For February 2010 Kauai’s number of sales has once again exceeded 2009 numbers, prices are down and interests rates are low and Buyers are Purchasing! Buyers are also watching the Hawaii REO Bank Owned Foreclosure Market and purchasing properties below market value. For February 2010 Vs. 2009 the number of Island wide home sales increased by 81%, the median sales price increased 11.6% for 2010 Vs. 2009
| Kauai home Sales February 2009 vs. 2010 | |||||
| #Sales & $Median | |||||
| Neighborhood | 2009 | 2010 | 2009 2010 | ||
| Waimea | 1 | 0 | $ 279,000 | $ 0 | |
| Koloa | 3 | 5 | $ 400,000 | $ 511,000 | |
| Lihue | 1 | 4 | $ 470,000 | $ 423,250 | |
| Kawaihau | 4 | 4 | $ 310,000 | $ 411,500 | |
| Hanalei | 3 | 7 | $ 900,000 | $ 640,000 | |
| Island of Kauai | 11 | 20 | $ 5457,785 | $ 382,500 | |
February 2010 Condos number of sales increased 9% and the median sales price increased 7.9%
| Kauai Condo Sales February 2009 vs. 2010 | |||||
| #Sales & $Median | |||||
| Neighborhood | 2009 | 2010 | 2009 2010 | ||
| Waimea | 0 | 0 | $ 0 | $ 0 | |
| Koloa | 0 | 2 | $ 0 | $ 382,500 | |
| Lihue | 4 | 4 | $ 342,500 | $ 137,500 | |
| Kawaihau | 4 | 1 | $ 185,800 | $ 115,000 | |
| Hanalei | 3 | 5 | $ 565,000 | $ 370,000 | |
| Island of Kauai | 11 | 12 | $290,000 | $ 313,000 | |
Information on February 2010 sales on the island of Kauai was provided by Russell Tucker
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