Local Market Conditions – June 27, 2008
The local Kauai market has seen slight downward pricing over the past 2 years, with occasional sellers being extremely motivated (more than average), making for some extreme bargains for buyers able to be nimble and “scoop” them up when they come along. Otherwise, there are still buying opportunities not seen since late 2004/early 2005. The difference between this market and the ’04/’05 market is that sellers are more willing to negotiate now than they were then (in a rising market).
With interest rates sill relatively low, now could be the best time to buy in Kauai for the next decade or more. As interest rates rise, even with prices staying lower, the cost of purchasing (monthly payment) is going to increase. In this sense, this may well be the “bottom of the market” here on Kauai.
Please contact me for more information about the values available here!
Location Characteristics: The North Shore of Kauai is one of the most spectacularly beautiful and unspoiled places on Earth. The combination of perfect weather, unbelievable natural scenery and Aloha Spirit make this the best place on Earth to live or visit. There are over a dozen unspoiled, uncrowded beaches, hiking trails in the mountains and along shorelines, water sports, waterfalls and world-class golfing to keep visitors and residents busy having fun in Paradise!
Mahalo, Tom Austin 808-652-2262