That is correct and not a misprint. The Kauai luxury market for homes that are priced above $1,000,000 saw a huge 234% increase in the amount of sales compared to November of 2015.
In November of 2015 there were nine sales of $1,000,000 plus homes. In November 2016 we had 21 homes sell for more than $1,000,000.
In the $1,000,000-$3,000,000 range we see a 200% increase. In November of 2015 there were seven sales within that range. In November of 2016 we have 14 sales within the 1-3 million range.
Kauai homes over $3,000,000 saw an increase of sales activity of 250%. In the month of November 2015 there were only two sales above 3 million. This past November saw an increase to five sales.
There has been a lot of inventory sitting around above the $1,000,000 mark. Looks like things are starting to move.
Think the election had anything to do with it?