About the only thing not torrid about the real estate market on Kaua’i last year was the number of total sales, which were down 11 percent, or 136 sales, compared to the monster year that was 2000. According to figures
About the only thing not torrid about the real estate market on Kaua’i last year was the number of total sales, which were down 11 percent, or 136 sales, compared to the monster year that was 2000.
According to figures from the Kaua’i Board of Realtors, there were 1,159 total sales of island real estate last year, down from 1,295 in 2000.
But that’s where the soft news ends.
Increases were seen nearly across the board in every other category the association tracks, including sales volume, which rose by 10 percent, from $399.3 million in 2000 to $440.9 million last year.
Median sales prices jumped by 15 percent in the residential market, from $255,000 in 2000 to $293,250 last year; and up 7.5 percent in the condominium market, from $150,000 in 2000 to $161,250 last year.
For the year 2001, the south shore saw the most condominium sales, 112, the Kawaihau district (Kapa’a) saw the most residential sales, 159, and the north shore had the most vacant land parcels changing ownership, 122.
The north shore remained flaming, with residential sales last year totaling over $98 million, nearly more than Kawaihau, Lihu’e and the south shore combined.
Koloa and the north shore both did over $30 million in condominium sales volume last year, and the more than $61 million in vacant land sales on the north shore in 2001 was again nearly more than the rest of the island’s combined total.
The north shore also was tops in median sales prices, at $510,000 in the residential category, $230,000 in the condominium category, and $245,000 in the vacant land category.
There were 14,446 total listings of real estate for sale on Kaua’i last month, including 5,772 residential parcels, 4,240 pieces of vacant land, and 4,012 condominium units.
