What’s firm, a little cracked and spicy on top and bottom – but gooey and mooshy in the middle? Smores? or the Kauai Real Estate market?
Listings priced to sell – sell. But they have to compete with REO’s and short sales. Luxurious, unique properties eventually sell (with price reductions). It’s the listings in the “mooshy” middle that are not moving. Statistics in such a small market can be misleading. We can make charts with arrows, graphics and lots of numbers…but it may not be relevant to your “micro-market”. Add to that, what the high-end luxury sales do to our averages.
If your property is somewhere in the middle of our market… here’s the top 3 things you need to do to get out of the melted goo:
- Make sure the condition of your property is top notch! Yes, it’s a distressed market – but it’s a buyers market, and you’re competing, in a market that’s glutted with years of inventory.
- Price it to compete with short sales or foreclosures. Selling now is the best insurance against future loss. Find the “bulls eye” for your property, and price it there.
- Marketing and Sales Plan. Your agent should have an aggressive marketing plan, top technology skills and strong negotiating abilities.
If you’d like more information about the Kauai real estate market or want to create your own analysis, contact us and let us know what part of the Kauai market you’re interested in. We’re here to help.