The 2007 year end MLS data from the Hawaii Information Service is now available. For a complete three page list which details sales by category and district, please contact JJ Leininger. The real estate property categories include residential, vacant land, condominium, commercial, and business. The five districts of Kauai are Waimea, Koloa, Lihue, Kawaihau, and Hanalei. Here is a summary of the MLS statistics.
For all categories of real estate on Kauai, island-wide, there were 56 properties sold in December 2007. This is a 54.84% decrease from the 124 sales in December of 2006. There were 908 properties sold in the entire year of 2007, which is a 41.53% decrease from the 1553 sales in 2006.
The overall sales volume for December 2007 of $52,304,930 was down 51.35% from December 2006’s sales volume of just over $107.5 million. However, year to year 2007 sales volume saw a 27.13% decrease from 2006. All Kauai real property sales in 2007 totaled just over $722 million as compared to over $1 billion in 2006.
With number of sales down over 40%, and the dollar volume of sales down less than 28%, the median sales price was up by 22.13%. Please keep in mind that this is cumulative data for all types of sales including residential and commercial property.
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