Kauai Real Estate Year-End Statistics

Confused by the year-end reports and graphs?  Me too!  Sorting through national news, and local statistics – my mission is to find what’s truly meaningful for you relative to Kauai real estate.

The WSJ interview with Robert Shiller, co-founder of the Case-Shiller Home Price Indices told me we’re not alone in our confusion.  According to Dr. Shiller, the market may be improving, then again we may be in for a “double-dip.” He also talks about the high-end market being vulnerable for the next wave of foreclosure activity

This fits with what I’m seeing “at the street level” on Kauai, especially with the North Shore agricultural estate homes.  The following charts show Kauai saturation levels by market segment,  meaning the time it will take to sell what’s currently listed (ranging from 2-7 years for above $500K); 

Kauai is such a small market, traditional statistics can be very misleading.  For instance, earlier in 2009 the developer at the Hilton went bankrupt and his 140+ units were foreclosed.  That significantly skewed our statistics. 

On a more postive note, at the end of 2009 the Tara Estate sold for $28M, and we had several sales in December above $10M.  The reported December increase in median sales prices can be attributed to those sales.

To add some more twists and turns…  our MLS system changed mid-year to clarify foreclosure and short-sale listings.  It will be impossible to give a true report of year-end statistics for short sale and foreclosure listings as there was no consistent methodology used prior to May.

Here’s the big picture, as officially reported:

Kauai MLS Real Estate Statistics:

Now, let’s take the Kauai Foreclosure and Short Sale segment for the past 6 months using the newly identifiable MLS categories and see how that looks:

Brain freeze yet?  Feel like you just drank a 32 oz slurpee from 7 Eleven?? 

But wait, there’s more! Let’s look at the Kauai real estate market from a Quantum Physics perspective.  As there are multiple realities in today’s market… below $500K and above $1M are two different worlds. 

It can be mind-numbing and hard to figure out what’s relevant to you.  Best strategy is to pay close attention to saturation rates in your market segment.  Whether buying or selling, it shows how much competition you have. 

Add your insights here, or let’s connect on Facebook or Twitter.

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About Susanna "Susie" Kunkel, RA

With a belief that life is too short to not follow your dreams, Susie and her daughter became new Kauai residents in less than 4 months after visiting for the first time in 2000. She brings a wealth of information from her background in administrative, contract and paralegal work in a variety of industries including technology, investment banking, biotech and estate planning. As a Realtor, Susies's tenacious and technical approach have earned her a large group of extremely loyal clients. Susanna is a steadfast believer in "The Golden Rule", and applies it to her approach as a Realtor. "Each client and each property are unique, so it's important to me to listen intently to what my clients' goals are, and to make sure I go above and beyond to help meet them."
This entry was posted in Kauai foreclosures, Kauai market updates, Selling your home, Short Sales and tagged , , , , . Bookmark the permalink.

One Response to Kauai Real Estate Year-End Statistics

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