Searching for some much need rest and relaxation, my husband and I decided it was time to pull out the sunscreen and head off to Kauai. (That’s the “Garden Island” of Hawaii). It was spectacular. If you have gone to Kauai you probably know that most people rent cars so that you can find all of the islands hidden treasures. We spent a lot of time driving around and dodging roosters and chickens,
but it was hard not to notice all of the for sale signs. If you search home prices for the island you will find that the majority of homes are valued between $800,000 to $1 million. The south east section of the island appears to be the most ‘affordable’ (with the average home listed for below $530,000). Currently there are 19 places to live on the island for under $250,000. What is remarkable is the latest statistic I can find places the average sales price of Kauai at $610,000 (in 2008). What a buyer can expect is that now that number is even lower, with the amount of homes on the market still increasing. (there are a lot of unfinished developments there too)
So what the heck is my point with all of this?! It is a great time to buy in Kauai. Prices are low for now and I foresee it increasing very very soon. If you would like to purchase here let Susanne and I know, and we would be happy to refer you to one of our trusted RE/MAX Kauai REALTORS. There are 3 RE/MAX offices on the island, and hopefully one day if we are luck, you can find Susanne and me there too!
Aloha!
Erin Goodwin
RE/MAX Mutual Realty
