Kauai Real Estate Volume went up Sharply
In encouraging economic news for the state of Hawaii in general and the county of Kauai in particular, that island;s October sales volume went up almost a full quarter, specificically it went up 24.30 Percent over the sales volume of October 2008. So says Ron Margolis, RA, ABR in his November 2nd, 2009 post on Hawaii Life Real Estate Services blog or site. For his part, he states that if you look at the comparative percentages from the past 4 months of sales year to year, you start to see just how great these October numbers are. “Many economists are saying the worst of this recession is behind us,” he says.
What’s going on? Margolis lists increased affordability, first time home buyer’s credits (for local residents), “supremely low interest rates,” and the sense that the economy is improving. Switching gears for a moment if you requre Kauai Real Estate help I do suggest this specific firm overall. They are great and are centrally based in Lihue.
“Well we’re into a new month, November, and there are two months left to this year. Often times in the “neighbor island” markets (Kauai, Maui, Hawaii, Molokai, Lanai), the fall season is very slow and the market does not pickup until winter when tourism increases, snowbirds arrive, and many mainland residents seek refuge from the cold of winter by traveling to the tropics. This year is a little different,” Margolis says, reciting the real estate trends.