| Listed below are median sales prices comparing 2004 to 2005. The numbers speak for themselves.
Kauai Median Sales Prices as Reflected by Multiple Listing Service (MLS) Sales |
| Category |
2004 |
2005 |
$Increase(Decrease) |
%Increase(Decrease) |
| Residential |
$499,000 |
$640,000 |
$141,000 |
28.3% |
| Condos |
$375,000 |
$436,000 |
$61,000 |
16.3% |
| Vacant Land |
$304,000 |
$387,000 |
$83,000 |
27.2% |
| Commercial |
$523,000 |
$542,000 |
$19,000 |
3.7% |
| The pace of sales has slowed somewhat in the first quarter of 2006. There has not been a wholesale reduction in asking prices, which would point toward a falling market to come. Properties are remaining on the market longer and sellers needing to sell have been more flexible in price and terms. |
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