July 2009 Market Statistics
Aloha,
Welcome to the July Market Statistics update. Real estate continues to lag as we head into the last month of summer, which hasn’t turned into the hot market everyone hoped for. For the month of July 09, there was an 18% decrease over sales compared to July 2008, down from 60 to 49, and a 32% decline year to date, from 389 at this time in July 08 to 262 in 09. Comparing these totals to years past, July 07 had 83 sales, 06 = 96 sales, 05=167 sales and 04=154 sales.
The majority of the sales were residential in nature, with 27 homes sold, 6 land sales, 1 commercial sale and 15 condos. This is a list of all the homes that sold this past month:
Copyright 8/18/2009 by Hawaii Information Service
MLS Data
MLS Number Location Sold Date Sold Price
220533 4912 Aliali Rd #3 7/31/2009 $172,500
214504 8093 Amakihi Pl 7/23/2009 $310,000
221770 4614 Palila Loop 7/30/2009 $340,000
224385 4752 Menehune Rd 7/6/2009 $350,000
213090 4875 Aliali Rd 7/27/2009 $365,000
199693 3280 Hailima Rd 7/15/2009 $375,000
219633 6137 Kolopua St #1 7/31/2009 $378,000
223867 5047 Kula Rd 7/31/2009 $379,000
223808 7743 Ulili Rd 7/27/2009 $392,500
214276 577 Aewa St 7/10/2009 $405,000
210078 3787 Nanakai Rd 7/21/2009 $410,000
222284 4573 Kuilei St 7/20/2009 $450,000
208667 Moloaa & Kaapuna Hui Lands Lot #:J 7/23/2009 $530,000
215901 4460 Puhi Rd 7/8/2009 $545,000
224917 3979 Pai St 7/31/2009 $620,000
223680 4320 Kalaheo Dr 7/17/2009 $680,000
221094 4901 Wailapa Rd #A 7/1/2009 $725,000
220690 5729 Noni St 7/31/2009 $778,000
217823 6440-J Kipapa Rd #A 7/22/2009 $808,000
212776 2829 Milo Hae Loop 7/24/2009 $1,100,000
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
The greatest activity was in the Hanalei zone which saw 8 residentail sales, 3 land sales and 3 condo sales. Close behind Hanalei was the Koloa zone with 7 residential sales, 1 land sale, and 5 condo sales
Sales volume was down substantially, from $48M to $25M comparing July 08 to 09 which represents a 46% decrease. Year to date for July 08 showed sales of $330M while July 09 year to date only posted $168M in sales for a 49% decline. Compared to past years, July 07 posted $70M, 06=$60M, 05=$113M and 04=$131M. Spread among the various catagories of real estate, there was $14M of residential property that changed hands in July 09, $2.8M of land, $350K was commercial and $8M was spent on condos.
Median price for residential in July 09 compared to 08 went to $450K from $575K. For July 07 the median price was $678K, 06 was $745K, 05=$690K and 04 was at $485K. Land median price for July 09 was $296K compared to $514K in 08. Land median prices for the past few years were as follows: July 07=$536K, 06=$446K, 05=$589K and 04 was $602K. Condominiums saw a rise this July 09 with a median price of $525K compared to $435K in July 08, $575K in July 07, $477K in July 06, $440 in July 05 and $370K in July 04.
Here are the condo sales for July 09 which shows the $525K median price:
Copyright 8/18/2009 by Hawaii Information Service
MLS Data
MLS Number Location Sold Date Sold Price
224555 Kauai Beach Resort #4206 7/30/2009 $94,100
223538 Kauai Beach Resort #2522 7/8/2009 $99,000
221064 Halelani Village At Puhi Ph I #A201 7/30/2009 $165,000
221121 Princeville Paniolo #103 7/20/2009 $184,900
191109 Kauai Beach Villas #G3 7/1/2009 $375,000
218983 Pono Kai #C209 7/24/2009 $380,000
226176 Villas At Puali #82 7/27/2009 $400,000
220809 Regency At Poipu Kai #414 7/30/2009 $525,000
221524 Waipouli Beach Resort #C401 7/17/2009 $535,000
226288 Regency At Poipu Kai #120 7/29/2009 $600,000
223314 Villas Of Kamalii #44 7/13/2009 $600,000
222144 Kiahuna Ph Ii #165 7/15/2009 $675,000
206901 Poipu Sands #428 7/20/2009 $800,000
222524 Puu Poa #411 7/7/2009 $1,300,000
206968 Honu Kai Villas #4 7/10/2009 $1,625,000
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Here are the July 08 condo sales showing the mid point median price of $435K:
Copyright 8/18/2009 by Hawaii Information Service
MLS Data
MLS Number Location Sold Date Sold Price
210506 Islander On The Beach #168 7/3/2008 $180,000
213554 Prince Kuhio #402 7/16/2008 $200,000
208994 Prince Kuhio #402 7/10/2008 $200,000
203269 Kawaihau Sports Villa #D101 7/3/2008 $225,000
205067 Plantation Hale #G1 7/29/2008 $230,000
207420 Halelani Village At Puhi Ph Ib #S202 7/15/2008 $235,000
212437 Puamana #26B 7/29/2008 $325,000
204373 Villas At Puali #24 7/16/2008 $435,000
206958 Plantation At Princeville #511 7/3/2008 $525,000
214012 Plantation At Princeville #712 7/23/2008 $529,000
202868 Alii Kai At Hanalei #1103 7/29/2008 $595,000
201078 Kiahuna Ph Ii #116 7/10/2008 $700,000
204295 Hanalei Bay Villas #4 7/14/2008 $845,000
189783 Poipu Makai #A3 7/29/2008 $900,000
197083 Hanalei Bay Resort #G32 7/30/2008 $1,350,000
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
Here is your data for the July 07 figure of $575K:
Copyright 8/18/2009 by Hawaii Information Service
MLS Data
MLS Number Location Sold Date Sold Price
194926 Lihue Townhouse #207 7/24/2007 $215,000
159182 Plantation Hale #B3 7/20/2007 $244,000
185027 Kalapaki Villas #2503 7/11/2007 $297,000
196350 Banyan Harbor #97 7/2/2007 $335,000
189884 Kiahuna Ph Ii #80 7/27/2007 $340,000
196188 Kiahuna Ph Ii #110 7/10/2007 $372,000
188991 Koloa Garden Apartments #1 7/26/2007 $440,000
194312 Cliffs At Princeville #3108 7/18/2007 $452,000
176739 Lihue 7/18/2007 $455,000
194715 Waikomo Stream Villas #100 7/9/2007 $490,000
173420 Pono Kai #C302 7/12/2007 $490,000
176125 Kahala At Poipu Kai I #913 7/27/2007 $525,000
198314 Plantation At Princeville #922 7/11/2007 $566,815
193039 Plantation At Princeville #1411 7/6/2007 $575,000
195791 Cliffs At Princeville #7202 7/31/2007 $575,000
180726 Regency At Poipu Kai #123 7/16/2007 $639,000
195485 Kiahuna Ph Ii #139 7/27/2007 $650,000
194769 Plantation At Princeville #322 7/16/2007 $700,000
194831 Emmalani Court #524 7/3/2007 $700,000
192490 Kiahuna Ph I #28 7/10/2007 $765,000
191642 Emmalani Court #222 7/11/2007 $815,000
194159 Hanalei Bay Villas #12 7/20/2007 $925,000
193205 Villas Of Kamalii #51 7/3/2007 $975,000
189633 Hanalei Bay Resort #A11 7/6/2007 $1,695,000
152046 Kaiulani Of Princeville #31 7/16/2007 $1,822,350
152044 Kaiulani Of Princeville #29 7/31/2007 $1,825,850
152047 Kaiulani Of Princeville #32 7/6/2007 $1,903,800
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
…and for July 06:
Copyright 8/18/2009 by Hawaii Information Service
MLS Data
MLS Number Location Sold Date Sold Price
174065 Kauai Beach Resort #2411 7/13/2006 $249,000
163067 Plantation Hale #D12 7/27/2006 $275,000
177763 Kauai Beach Resort #2539 7/20/2006 $284,000
133007 Lihue 7/28/2006 $292,728
143118 Lihue 7/6/2006 $293,434
169665 Halelani Village At Puhi Ph Ib #T202 7/19/2006 $300,000
181528 Kauai Beach Resort #1326 7/20/2006 $305,000
181525 Kauai Beach Resort #2432 7/20/2006 $320,000
147245 Lihue 7/28/2006 $323,262
167619 Kiahuna Ph Iv A #230 7/13/2006 $325,000
181531 Kauai Beach Resort #3219 7/20/2006 $330,000
154012 Plantation Hale #H15 7/18/2006 $330,000
173368 Kauai Beach Resort #2440 7/7/2006 $346,000
174139 Banyan Harbor #A6 7/21/2006 $350,000
173400 Halelani Village At Puhi Ph Ic #Y206 7/25/2006 $390,000
175972 Kauai Beach Resort #2522 7/5/2006 $399,000
176140 Kauai Beach Resort #4110 7/14/2006 $405,000
151405 Regency Huleia #36 7/10/2006 $444,000
151585 Regency Huleia #39 7/21/2006 $459,000
151258 Regency Huleia #41 7/18/2006 $459,000
151457 Regency Huleia #44 7/21/2006 $459,000
173701 Lihue 7/26/2006 $473,527
176735 Lihue 7/31/2006 $477,181
181521 Kauai Beach Resort #4114 7/20/2006 $485,000
173713 Regency Huleia #25 7/14/2006 $495,000
181530 Kauai Beach Resort #4213 7/20/2006 $495,000
176144 Kauai Beach Resort #4214 7/14/2006 $495,000
172965 Kapaa Sands #21 7/11/2006 $575,000
171845 Kaha Lani #109 7/12/2006 $577,500
168382 Kahala At Poipu Kai I #123 7/25/2006 $582,000
176815 Regency Huleia #73 7/11/2006 $595,000
179629 Manualoha Ph I & Ii #1103 7/21/2006 $615,000
179234 Kiahuna Ph Ii #72 7/20/2006 $630,000
177150 Islander On The Beach #308 7/28/2006 $640,000
177652 Puamana #3A 7/14/2006 $640,000
174233 Puamana #14A 7/31/2006 $650,000
182259 Nihilani At Princeville Resort #17A 7/31/2006 $710,800
174467 Sealodge Ii #H9 7/14/2006 $745,000
174510 Poipu Kapili #19 7/12/2006 $798,000
169036 Nihi Kai Villas #510 7/18/2006 $805,000
171679 Lae Nani #121 7/14/2006 $824,000
164992 Nihi Kai Villas #521 7/20/2006 $850,000
170002 Kuhio Shores At Poipu #416 7/3/2006 $1,080,000
167603 Makahuena #III203 7/20/2006 $1,500,000
173652 Puu Poa #202 7/10/2006 $1,635,000
These are the condos that sold in July 05:
Copyright 8/18/2009 by Hawaii Information Service
MLS Data
MLS Number Location Sold Date Sold Price
152133 Kiahuna Plantation #426 7/14/2005 $159,000
151654 Kiahuna Plantation #441 7/27/2005 $179,000
153886 Kiahuna Plantation #428 7/14/2005 $185,000
152669 Kiahuna Plantation #440 7/18/2005 $189,500
145494 Kiahuna Plantation #412 7/29/2005 $190,000
107559 Kiahuna Plantation #433 7/25/2005 $190,000
152442 Islander On The Beach #365 7/15/2005 $217,500
155355 Islander On The Beach #267 7/12/2005 $250,000
141033 Islander On The Beach #365 7/18/2005 $257,500
160849 Halelani Village At Puhi Ph Ib #M202 7/26/2005 $264,000
150601 Islander On The Beach #201 7/15/2005 $265,000
155476 Islander On The Beach #219 7/11/2005 $265,000
152755 Kiahuna Ph Ii #123 7/15/2005 $270,000
150859 Kiahuna Ph Iii-b #334 7/25/2005 $275,000
154730 Paradise Court-kauai #E 7/22/2005 $275,000
157108 Halelani Village At Puhi Ph Ic #BB202 7/25/2005 $277,000
160057 Halelani Village At Puhi Ph I #D104 7/19/2005 $289,000
160252 Islander On The Beach #234 7/21/2005 $295,000
153052 Halelani Village At Puhi Ph I #L102 7/11/2005 $300,000
150571 Islander On The Beach #362 7/20/2005 $300,000
156820 Plantation Hale #B2 7/19/2005 $305,000
152355 Islander On The Beach #209 7/11/2005 $310,000
150599 Islander On The Beach #260 7/11/2005 $310,000
156148 Islander On The Beach #259 7/11/2005 $310,000
159764 Islander On The Beach #227 7/14/2005 $325,000
159762 Islander On The Beach #153 7/14/2005 $325,000
148191 Banyan Harbor #72 7/7/2005 $330,000
154837 Kalapaki Villas #2610 7/27/2005 $332,500
151883 Kalapaki Villas #302 7/19/2005 $345,000
152476 Kawaihau Sports Villa #K201 7/8/2005 $345,000
152907 Prince Kuhio #233 7/1/2005 $353,000
156180 Halelani Village At Puhi Ph Ic #DD106 7/27/2005 $355,000
153591 Kawaihau Sports Villa #B101 7/15/2005 $355,000
144843 Plantation At Princeville #512 7/29/2005 $405,000
157035 Princeville Paniolo #105 7/12/2005 $415,000
144822 Plantation At Princeville #321 7/20/2005 $435,000
144824 Plantation At Princeville #322 7/26/2005 $435,000
144845 Plantation At Princeville #521 7/8/2005 $435,000
144847 Plantation At Princeville #522 7/29/2005 $435,000
154536 Princeville Paniolo #203 7/5/2005 $445,000
148337 Kamahana #29 7/13/2005 $478,000
152664 Sandpiper Village I #134 7/13/2005 $485,000
150972 Manualoha Ph I & Ii #304 7/6/2005 $509,000
155649 Sandpiper Village I #133 7/28/2005 $520,000
154199 Sandpiper Village I #220 7/15/2005 $525,000
154936 Kahala At Poipu Kai I #513 7/7/2005 $545,000
148044 Plantation At Princeville #512 7/29/2005 $545,000
159212 Cliffs At Princeville #4206 7/29/2005 $545,000
146890 Poipu Crater #28 7/20/2005 $550,000
144846 Plantation At Princeville #521 7/8/2005 $562,066
155015 Emmalani Court #413 7/25/2005 $565,000
145060 Cliffs At Princeville #4209 7/11/2005 $570,000
160720 Plantation At Princeville #322 7/26/2005 $575,000
155290 Emmalani Court #311 7/29/2005 $575,000
155291 Emmalani Court #324 7/13/2005 $575,000
149438 Regency At Poipu Kai #513 7/29/2005 $585,000
153296 Alii Kai Ii Hanalei #11B 7/5/2005 $595,000
149763 Regency At Poipu Kai #412 7/1/2005 $600,000
155293 Emmalani Court #321 7/25/2005 $620,000
151352 Wailua Bay View Apartments #204 7/21/2005 $625,000
153595 Kamahana #5 7/26/2005 $650,000
153363 Cliffs At Princeville #7201 7/27/2005 $655,000
149679 Kahala At Poipu Kai I #211 7/5/2005 $662,500
149678 Makanui #212 7/20/2005 $675,000
147546 Regency At Poipu Kai #321 7/12/2005 $700,000
149102 Makanui #211 7/9/2005 $715,000
154270 Villas Of Kamalii #24 7/7/2005 $759,000
148793 Kuhio Shores At Poipu #413 7/6/2005 $805,000
156623 Villas Of Kamalii #43 7/22/2005 $805,000
152445 Lae Nani #524 7/26/2005 $820,000
156449 Poipu Sands #233 7/16/2005 $850,000
151148 Manualoha Ph I & Ii #306 7/6/2005 $865,000
147325 Kiahuna Ph Ii #166 7/29/2005 $875,000
155171 Poipu Shores #B302 7/25/2005 $1,195,500
140049 Hanalei Bay Resort #G32 7/12/2005 $1,200,000
150321 Puu Poa #105 7/15/2005 $1,345,000
148939 Whalers Cove At Poipu #212 7/21/2005 $1,600,000
153831 Puu Poa #110 7/20/2005 $1,637,500
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
and last but not least, here are the 04 July condo sales:
Copyright 8/18/2009 by Hawaii Information Service
MLS Data
MLS Number Location Sold Date Sold Price
122976 Kiahuna Plantation #425 7/29/2004 $127,000
136145 Lihue Townhouse #308 7/15/2004 $150,000
130912 Kiahuna Ph Ii #94 7/16/2004 $184,000
139020 Banyan Harbor #79 7/2/2004 $210,000
135798 Halelani Village At Puhi Ph Ib #P103 7/2/2004 $210,000
135270 Halelani Village At Puhi Ph I #E206 7/1/2004 $210,000
135389 Plantation Hale #B1 7/26/2004 $216,000
130652 Plantation Hale #J5 7/7/2004 $218,000
137077 Halelani Village At Puhi Ph Ib #R202 7/13/2004 $220,000
139249 Banyan Harbor #72 7/7/2004 $225,000
135749 Halelani Village At Puhi Ph I #J101 7/29/2004 $225,000
122697 Kiahuna Ph Ii #52 7/14/2004 $228,000
136607 Halelani Village At Puhi Ph Ib #T106 7/20/2004 $234,000
137707 Halelani Village At Puhi Ph Ic #W106 7/20/2004 $235,000
137343 Halelani Village At Puhi Ph I #K203 7/30/2004 $245,000
136606 Halelani Village At Puhi Ph Ic #AA205 7/1/2004 $250,000
136641 Banyan Harbor #74 7/30/2004 $250,100
135224 Halelani Village At Puhi Ph Ic #Y101 7/23/2004 $265,000
135979 Kalapaki Villas #2710 7/13/2004 $270,000
141514 Kalapaki Villas #2708 7/30/2004 $277,800
136563 Sunset Kahili #206 7/20/2004 $305,000
133466 Sunset Kahili #305 7/27/2004 $319,000
137336 Halelani Village At Puhi Ph Ic #AA206 7/19/2004 $319,000
135728 Hale Malu At Puhi #39 7/1/2004 $359,000
136980 Hale Malu At Puhi #21 7/30/2004 $370,000
139677 Wailua Bay View Apartments #310 7/16/2004 $370,000
136617 Sandpiper Village I #203 7/30/2004 $370,500
136151 Kawaihau Sports Villa #K202 7/15/2004 $372,000
137507 Kiahuna Ph Iv A #220 7/29/2004 $375,000
139233 Cliffs At Princeville #4209 7/9/2004 $375,000
134519 Hale Honu #1A 7/27/2004 $384,500
136711 Wailua Bay View Apartments #303 7/16/2004 $390,000
128862 Kamahana #4 7/28/2004 $390,000
135157 Prince Kuhio #2A 7/1/2004 $399,000
134246 Hale Kahanalu #8 7/6/2004 $399,500
134062 Kiahuna Ph Ii #105 7/30/2004 $430,000
129602 Hanalei Colony Resort #C3 7/23/2004 $431,000
133336 Kahala At Poipu Kai I #111 7/14/2004 $470,000
136777 Cliffs At Princeville #5307 7/28/2004 $470,000
136506 Kiahuna Ph Ii #71 7/16/2004 $490,000
136462 Kuhio Shores At Poipu #117 7/16/2004 $511,500
135252 Makanui #422 7/2/2004 $555,000
136038 Makanui #722 7/16/2004 $565,000
135620 Lae Nani #124 7/22/2004 $575,000
139837 Lae Nani #233 7/20/2004 $625,000
133597 Villas Of Kamalii #39 7/9/2004 $630,000
129780 Poipu Kapili #39 7/14/2004 $635,000
122031 Villas Of Kamalii #33 7/21/2004 $649,000
135732 Kahala At Poipu Kai I #321 7/19/2004 $650,000
128968 Villas Of Kamalii #14 7/23/2004 $655,000
136096 Lae Nani #336 7/23/2004 $670,000
139823 Poipu Shores #A206 7/20/2004 $772,500
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
It’s always fun for me to look at the data behind the stats, especially when it comes to median price (as opposed to average price) to get a clearer picture of what actually sold.
Many buyers seem to think that with the large inventory currently on the market they can just wait and wait and wait until pricing goes down and then get “the pick of the litter” but ask any buyer in this market and they’ll tell you that is not the case. While it’s true there’s a ample inventory what is also true is that properties that have “features and benefits” as opposed to “issues” are few and far between. You would think in this market that you could take a client out and be swamped with choices; that your buyer will need time to digest all the variables of each acceptable property. Again I say No, that is NOT the case. There are plenty of properties that need help but not many buyers looking to get into a fixer situation. The moral is, if you find something you love, buy it now. Don’t wait to see if it will go down further because if it is a good property, someone else is likely to come along and snatch it out from under you. It really is worth a few extra dollars to buy something you love rather than to save a couple of thousand and be left thinking “I wish I had bought…..”
Until next market update, come back for my weekly Princeville condo update or call or email for the facts on any property Islandwide. For a copy of the July 2009 market statistics visit my website by clicking here.
Aloha Elaine
My mobile office when on the mainland.
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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