The June statistics reflect year-to-date (YTD) the number of residential, condominium, and vacant land sales are all up when compared with 2013.
Island wide residential sales are up YTD by 4.42% compared with 2013. There have been 236 residential sales compared with 226 last year. Sales volume shows an increase of 23.45% with $194,246,765 in sales compared with $157,343,598 last year. The median sales price also shows an increase, 6.47%, to $535,000 compared with $502,500 in 2013.
Island wide condominium sales are up 4% YTD compared to 2013. There have been 182 condos sales compared with 175 in 2013. The sales volume for condos decreased slightly by 1.54%. There have been $72,692,656 in sales so far this year. The median sales price for condos increased to $347,500 from $330,000 in 2013; a 5.30% increase.
Island wide vacant land sales are also up YTD with 116 land parcels sold so far this year compared to 87 at the same time last year; an increase of 33.33%. YTD sales volume for vacant land shows an increase of 60.12%. There have been $72,583,350 in sales compared with $45,329,307 last year. The median sales price has also increased 27.59% to $370,000 from $290,000.
Market Statistics by Area
The above summary is a look at the market statistics year to date, island wide. If you’d like to know how the market performed in a specific area of the island just let me know. I’d be happy to speak with you or email you a summary.
Properties in Escrow
There are currently 106 residential properties in escrow of which 25 were new escrows opened in June. There are 60 condominiums in escrow (18 escrows opened in June), and there are 42 land parcels in escrow (9 escrows opened in June).
There are currently 372 active residential listings with prices ranging from $169,900 – $24m. There are 279 active condominium listings with prices ranging from $59,900 – $2,990,000, and 216 active land listings with prices ranging from $75,000 – $75m. The real estate offerings and price ranges on Kauai are as diverse as the island itself!