Kauai Real Estate For Sale: Sales Stats

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November 06, 2023

Kauai Real Estate Market UPdate #kauai #realestate #homeforsale

Monday Market update

MLS stats and information from Hawaii Information Services on the morning of November 6, 2023.

Active listings (homes, land, and condos), today we have a total of 313 ⬇ (down from last week).
Of those, there are 121 ⬇ homes, 86 ⬆ condos and 106 = land listings on MLS today
In Escrow there are 172 ⬇ listings (contingent and under contract status)

Of those, there were 55 ⬇homes, 97 ⬇ condos, and 21 ⬇ land listings
SOLD/CLOSED In the past month (since October 7) a total of 57 ⬆ listings

Of those, there were 23 ⬆ residential, 23 ⬆ condo, and 11 ⬆ land listings

Listing activity update

New Listings = 85 in the past 30 days

Back on Market: 12 listings – this means they either fell out of escrow or were removed from the market for various reasons then re-released

In Escrow: 46 listings went contingent; 3 went under contract

SOLD/CLOSED: 60 listings

ADDITIONAL LISTING CHANGES

3 listings expired

18 were withdrawn

2 changed to temporarily off market

PREVIEW STATUS (aka coming soon): 4 listings

PRICE CHANGES: There were 55 price changes in the past 30 days, all of which were price reductions.

The total number of listings, also known as inventory, continues to hover just over 300. Many listings are still coming out of the gate too high for this newer market of fewer buyers. This has resulted in a high rate of price changes and longer days on the market. Despite that, the total number of sales closed in the past 30 days has trended up slightly as compared with my prior update.

For more information about the market or for an analysis specific to a Kauai property, please contact me.

It is never too soon to connect!

📞Call or Text: 808-634-2011

📩 Email: Info@OnorNeartheBeach.com

💻 www.OnorNeartheBeach.com

Monday Market UPdate for Kauai Real Estate. Number of homes, land, and condos for sale, number of properties in escrow, number of sales over the past month. Jamie Friedman, Real Estate Agent, Kauai, Hawaii

December 20, 2010

Kauai Real Estate Market Update ~ Total Sales, Short Sales, and Foreclosures

In our ever changing market we certainly have seen immense changes in the prices, loans available and transactions. More than ever before, we have seen an increase in short sales and bank sales (REO/bank owned) in the past year. Below is the breakdown of sales on Kauai over the past 6 months showing the percent of short sales and bank sales in general as well as by specific property type.

Total sales in the past 6 months on Kauai = 373 (residential, condo, and land sales)

Approximately 36% of those sales were short sales, bank sales, and court confirmation sales (most likely as a result of bankruptcy/trustee)

Approximately 64% of sales were "regular" seller/owner sales

There have been 184 residential sales:

· 1 sale requiring court confirmation (most likely as a result bankruptcy/trustee)

· 28 short sales (pre-foreclosure and were subject to lenders/lien holders approvals

· 34 Bank Owned/REO property sales

· 121 "regular" sales

Essentially distressed and foreclosure properties (ie short sales, bank sales, and court confirmation sales) have been approximately 34% of total number of residential sales.

There have been 127 condo sales:

· 2 sales requiring court confirmation (most likely as a result bankruptcy/trustee)

· 25 short sales (pre-foreclosure and were subject to lenders/lien holders approvals

· 36 Bank Owned/REO property sales

· 64 "regular" sales

Essentially distressed and foreclosure properties (ie short sales, bank sales, and court confirmation sales) have been approximately 50% of total number of condo sales.

There have been 62 land sales:

· 2 short sales (pre-foreclosure and were subject to lenders/lien holders approvals

· 5 Bank Owned/REO property sales

· 55 "regular" sales

Essentially distressed and foreclosure properties (ie short sales and bank sales) have been approximately 12-13% of total number of residential sales.

Click here to access MLS stats on my website our Multiple Listing Service (MLS) Sales statistics available for download by quarter and month as well as prior year end statements. MLS Statistics include Median Sales Price, Sales Volume, and Number of Sales for the specified timeframes as well as in comparison to the prior year.

Please let me know if you have additional questions!

Mahalo, Jamie

Jamie Friedman (RA) Prudential All Star Realty

direct (808) 634-2011 fax (808) 356-1342

jamiejoy@aloha.net www.MyKauaiProperty.com

Follow me on Facebook, Twitter and more! http://www.FollowJamie.com

*information, calculations, and statisticsare based on Hawaii INfomration Services MLS sales history and data from 6/20/2010 to 12/20/2010