The graph below indicates the median prices for the following categories:
- Princeville Area Condos
- Poipu Area Condos
- All Kauai Condos
You can easily see the rapid rise in the cost of a condo on Kauai since 1999. Price levels of 10 years ago are not likely to be seen again anytime soon. You can also easily notice that prices have remained fairly stable over the last year or two, depending on the area. One reason for this is that sellers who bought high are not willing or able to sell for a loss. For some, the tax liability is too high and it makes more sense to hold out for a price that covers their loans and closing costs. So, while we wait to see how the stimulus package and the homeowner packages roll out, prices on Kauai are at an impasse.
Nance-very good graph, I was in Kuai in 1988 for my honeymoon. I would love to be there now, as I write this it is snowing
Thanks Joe! Yes, it must be very cold there...we have clients from MA and our neighbors are in from ME. The husband got out just before the last storm hit up there last week. Come on out and visit! It's actually raining, breezy, and overcast here, but it's a balmy 72 degrees. Can't ask for better than that!