North Shore Market Statistics for 2015. [Hanalei, Kilauea, Haena, Wainiha, Kalihiwai]

    Aloha!

    My name is Billy O’Sullivan and I’m the north shore specialist for Kauai Real Estate Group. If you’d like to sell, buy, build or invest on the North shore… I’m your guy!

    This year the North shore of Kauai accounted for over 50% of the sales volume on the whole island. By mid November we broke 250 million of closed sales on the North shore in what is called the “Hanalei district”.

    VACANT LAND REPORT:

    Land didn’t really help that statistic very much . In 2015 we have only had 27 closings on all of the North shore so if you are looking to buy land, it might be a good time to negotiate a little harder than usual to get the price you want. In 2014 there were 40 closed Land deals. The median price did go up slightly and the land volume to date is just under $19 million.

    HOME SALES:

    This market is pretty much on fire. We have had 130 closings this year up 30 percent from last year. Also it’s not cheap to get a home on the North shore. in 2014 we had median prices at around $930k, this year it’s over $1.1m.

    NORTH SHORE CONDOS:

    Ann Luckett is our Princeville specialist so I’ll let her report on condos on the North shore because with the exception of the development at Hanalei Colony Resort, all the condos are in Princeville.

    Below I’ve linked our area guides to the North shore so you can get acquainted with each part of this lush paradise:

    Hanalei Guide

    Kilauea Guide

    Haena / Wainiha Guide


     

    One other very interesting point is that as of Dec 2015 there are no actively listed foreclosures or Short Sale properties on the North shore of Kauai. One is in escrow but that means that overall we have a very healthy market and folks are able to keep making payments on their investments!

    http://www.kauairealestategroup.com/blog/north-shore-best-deals-bank-owned-reo-foreclosure-short-sale-homes-condos-land/


     

    If you have further questions please call or email me direct:

     

    Billy O’Sullivan

    808-755-5866

    billyo@billyo.com

    If you are considering selling your home on Kauai:

    www.KauaiHomeValuations.com


     

    Other helpful information about the North shore:

    http://www.kauairealestategroup.com/blog/kauai-flood-zones-explained-with-maps/

    http://www.kauairealestategroup.com/blog/what-the-heck-is-leasehold/

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