Kauai Newsletter
Fall, 2005

In the resort areas of Princeville and Poipu, increases were even more dramatic. The median home price in the Hanalei district, which covers the North Shore from the northern edge of Moloaa to the end of the island in Haena, rose to $1.195,000, an increase of 67 percent over last October's $714,500. Land prices increased 16 percent, to a median of $675,000. Condos went up 19 percent, from $500,000 to $599,000.

In the Koloa district, which includes Poipu, the median home price decreased 13 percent from $690,000 to $599,000. Sounds shocking, but when you look at the number of sales, there were just 12 this October and 15 last October, so the figures may be misleading. In a similar vein, land prices in Koloa show an astounding 177 percent increase, but there were just 6 sales. Just one large sale, especially in an area where few sales occur (very little land is left in Poipu that doesn't belong to the Robinsons or the Knudsens!), can skew the statistics. Condo values in Koloa increased 53 percent to a median of $750,000 over last year's $487,500. Eleven condos were sold.

Note to readers: as you can see, the newsletter has a new look. I've revamped my picture and logo, and I've also removed the flower border. Pretty though they were, those hibiscus flowers underwent a mysterious transformation in computerland and ended up interfering with the text for some of you. I hope you find the new format easier to read.

Goodbye for now. If you have any questions or comments about Kauai or real estate, please feel free to call or email me. And don't forget to check my website for vacation rentals, with color pictures and pricing. Hope to see you back on the island soon!