June 2009 Market Statistics
Aloha,
The month of June was quieter than expected with only 42 total sales for the month, down from 65 in June 08. June 2007 saw 85 sales, June 2006 133 sales, June 2005 had 170 sales (wow) while June 2004 we had 161 sales that month. Year to date for 09 we’ve had 211 sales compared to 329 this time last year. This represents a 35% decrease for the year. The year to date high was not 2005 as you might think (813 sales) but was 2006 with 974 sales. Of the 42 June 09 sales, 21 were single family homes, 5 vacant land, 1 commercial, and 15 were condos.
Sales volume was also down from $53M in June 08 to $35M in June 09. For comparison, June 07 had $75K, June 06 $81M, June 05 $119M and June 04 was at $92M. Year to date for June 08 had $282M while year to date June 09 had $141M in sales. The high sales volume for year to date was in 06 with $639M as the dollar amount.
Median sales price for residential dropped from June 08 to 09, going from $687,500 to $440,000. Land median sales price went from $830,475 in June 08 to $550,000 in June 09. Condos went from $695,000 in June 08 to $375,000 in June 09. All in all, the statistics still say it’s a good time to buy. I hope you don’t end up being one of those who says, a few years from now, “I wish I had…”
To see the June 1009 statistics in full click here to go to my website.
Until next month,
Aloha Elaine
A condo complex in Paradise: Pu’u Po’a.
Ask about the one I have listed.
Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge – Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: http://blogs.alohaliving.com/princeville-condo-sales/
……you can have your own piece of paradise
ask me how!
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