Kauai Luxury Real Estate Market Up 234% For Month Of November

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.

Wow! 

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?

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This entry was posted in Kauai, Kauai Real Estate, Luxury and tagged , , , , , , , , , , . Bookmark the permalink.

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