Because you are getting this blog you must be interested in the Princeville area of Kauai. Here I’ll outline some of the most important numbers you’ll need to get a handle on the market.
Here is the current market snapshot in Princeville:
Total properties for sale: 140
Homes for sale: 38
-under 1m: 16
-under 800k: 8
SOLD homes in 2016
59 = $130.5 million in sales. The market is MOVING with inventory falling.
Condos for sale: 80
-over 1m: 13
-under 500k: 22
SOLD Condos in 2016
95 = $73.5 million in sales. Market also very hot just not quite as hot as homes. Maybe the new more flexible Fannie Mae guidelines will help boost condo sales ever more!
Land / lots for sale: 21
-approx new homes under construction: 5
SOLD Land / Lots in 2016
26 = $45 million in sales.
This means that the entire Princeville market is shrinking. Must be due to the fact (and I mean fact) that interest rates have never been this low for this long. Buyers are taking the position that getting their slice of paradise now is the right call. Remember that Princeville is one of the few areas where everything (except for Aloalii homes and Queen Emmas Bluff condos like Villas on the Prince and Kai’iulani) can be vacation rented. This means it’s essentially a hotel. You can rent it by the day, week, month, etc.
Reading data is one thing but having a real live expert here that lives in Princeville is another! That’s why I’m here for you if you need to talk. Feel free to call me (Ann) at 808-652-3838. And just for fun I’m going to put my “Princeville Commercial” here below so you’ll know who’s on the other end of the line when you call.
Hope this helps you understand our Princeville market a little better. I’ll be back in September with a Q3 update.
I’m here for questions, video walkthru’s, Facetime showings or even a cup of tea if you’d like to meet face to face.
Mahalo Nui. A Hui Hou!
More of my Princeville Blogs to educate you on my favorite part of the garden island.