Hanalei District - North Shore- Kauai -Home Sales Statistics
Let's look at the home sales statistics on the North Shore. The market was slow in 2009 and prices declined in Hanalei District (the North Shore of Kauai, Hawaii). Hanalei District includes Kilauea, Anini, Princeville, Hanalei,Wainiha and Haena.
There were only 61 homes sold in 2009. The median sales price dropped to $777,800 - below the prices of 2004, 2005, 2006, 2007 & 2008. The least expensive home sold for $362,500 while the most expensive home sold for $13,500,000.
Although I haven't included this in my home sales statistics charts, the number of sales in Hanalei District in 1996 was 57 with the median sales price of $250,000!! We saw about the same number of sales in 1996 as 2009 but the median sales price in 1996 was about 1/3 of the median sales price in 2009.
| Number of Sales | Median Sales Price | |
| 1998 | 89 | 292,000 |
| 1999 | 136 | 301,250 |
| 2000 | 157 | 385,000 |
| 2001 | 108 | 520,000 |
| 2002 | 143 | 565,000 |
| 2003 | 140 | 609,500 |
| 2004 | 171 | 795,000 |
| 2005 | 161 | 900,000 |
| 2006 | 112 | 1,057,000 |
| 2007 | 100 | 1112000 |
| 2008 | 67 | 975000 |
| 2009 | 61 | 777,800 |


Hau-ole Makahiki Hou! (Happy New Year) 2010 - Did we set a record in Hanalei Princeville for condo sales in 2009?
Here are the full year condo sales statistics for Hanalei District. Hanalei District includes the North Shore of Kauai from Kilauea to Haena. Nearly all of the North Shore condos are located in Princeville.
| Number of Sales | Median Sales Price | |
| 1998 | 67 | 130,500 |
| 1999 | 133 | 140,000 |
| 2000 | 133 | 195,000 |
| 2001 | 109 | 235,000 |
| 2002 | 169 | 325,000 |
| 2003 | 194 | 427,500 |
| 2004 | 202 | 464,000 |
| 2005 | 230 | 555,000 |
| 2006 | 123 | 640,000 |
| 2007 | 120 | 798500 |
| 2008 | 73 | 799000 |
| 2009 | 54 | 490,000 |
If you look at the condo sales statistics, the median sales price fell 40% from 2008 to 2009 from $799,000 to $490,000 and we are back to 2004/2005 prices. 
According to the condo sales statistics, the number os sales of condominiums on the North Shore is the lowest in 11 years.

So, what does this mean for a Buyer? Don't miss the opportunity in 2010 to buy while the prices are low and there is lots to choose from. Call me or email me and I can help you find your piece of paradise.
This information has been supplied by third parties and has not been independently verified by Hawaii Information Services and is, therefore, not guaranteed
Are you looking for a place to Dine Out or Take Out in Princeville or on the North Shore? I complied this list of Princeville Restaurants to help you choose where you may want to eat if you are staying (or living) on the North Shore. Now, this is just a list. It is not a review or recommendation from me as I haven't even dined at all these restaurants. I've had a great Latte at Lei Petite Bakery and a I've heard great comments about Fredrico's. Both of those eateries are located on the first floor under my office - Resort Properties of the Pacific - in the Princeville Shopping Center.
If you have experiences, reviews or comments to share, please comment on this blog about Princeville Restaurants.
|
PRINCEVILLE |
|
|
|
|
Hanalei Bay Resort |
|
|
|
|
Happy Talk Lounge |
Continental |
$ 8-35 |
821-8282 |
|
Prince Golf Course |
|
|
|
|
Restaurant & Bar |
Continental |
$20-30 |
826-5050 |
|
|
Mon & Fri Night Japanese |
|
|
|
Princeville Shopping Center |
|
|
|
|
CJ's |
Steaks & Seafood |
$12-30 |
826-6211 |
|
Federico's |
Fresh Mex Cuisine |
$ 5-10 |
826-7177 |
|
Lei Petit Bakery |
Waffles, Bakery & Coffee |
$ 3-10 |
826-7277 |
|
North Shore Grindz |
Pizza, Burgers, Coffee |
$ 5-20 |
826-1122 |
|
Paradise Grill |
American/Steaks |
$10-30 |
826-1775 |
|
Tamarind |
Thai & Chinese |
$10-20 |
826-9999 |
|
|
|
|
|
|
ST. Regis Hotel |
|
|
|
|
Kauai Grill |
Creative Dining 6-10 PM |
$35-200 |
826-9644 |
|
|
by Chef Jean-George Vongerichten |
|
|
|
Makana Terrace |
Casual showcase dining |
$10-50 |
|
|
Nalu Kai |
Light Mediterranean & |
|
|
|
|
Afternoon Tea |
$10-30 |
|
|
Napali Café |
Coffees, baked goods |
|
|
|
|
sandwiches 6 am - 5 pm |
$ 5-25 |
|
|
Westin Ocean Resort |
|
|
|
|
Nanea Rest & Bar |
Contintental |
$15-40 |
827-8700 |
|
|
Lunch & Dinner |
|
|
|
|
|
|
|
|
Hanalei |
|
|
|
|
Dolphin |
Seafood/Steak |
$20-35 |
826-6113 |
|
Postcards |
American/Vegetarian |
$40-80 |
826-1191 |
|
Tropical Taco |
American |
$ 7-20 |
827-8226 |
|
|
|
|
|
|
Bouchons |
Sushi/Japanese |
$31-40 |
826-9701 |
|
Kalypso |
American/Steak |
$10-25 |
826-9700 |
|
Pizza Hanalei |
Pizza/Salad |
$13-40 |
826-9494 |
|
Polynesia Café |
Seafood/Hawaiian |
$12-30 |
826-1999 |
|
|
|
|
|
|
Bar Acuda |
Mediterranean/Tapas |
$ 6-30 |
826-7081 |
|
Bubba's |
Hamburgers |
$ 2-20 |
826-7839 |
|
Hanalei Gourmet |
American/Deli/Seafood |
$12-20 |
826-2524 |
|
Tahiti Nui |
Seafood/Hawaiian |
$20-50 |
826-6277 |
|
|
|
|
|
|
Hanalei Colony Resort (4.6 mi north) |
|
|
|
|
Mediterranean Gourmet |
Mediterranean/American |
$ 7-35 |
826-9875 |
|
|
|
|
|
|
Kilauea |
|
|
|
|
Banana Joe's (on Highway) |
Smoothies, Frosties, & |
$ 4-10 |
828-1092 |
|
|
Fresh fruits |
|
|
|
Kong Lung Center |
|
|
|
|
Kilauea Bakery |
Bakery Items/Pizza |
$ 5-20 |
828-0480 |
|
Lighthouse Bistro |
Continental |
$20-35 |
828-1020 |
Plantation at Princeville is a condominium development comprised of 68 condos. The original buyers closed on their units that were purchased from the developer in 2005 & 2006. The development offers two and three bedroom condos, a swimming pool and spa and a workout room.
The Princeville condo sales statistics show that there there was only one condo sold in 2009, Unit #422 was a bank-owned (REO) property and was purchased for $440,000 for the three bedroom unit. Yes, the buyers got it for a great price. In 2008, there were 5 units sold with an average sales price of $533,500 and a median sales price of $549,000. One of those sales was the three bedroom plan and the other four were the two bedroom units.
In addition, one of the fractional shares for unit #621 sold for $150,000.

The Princeville condo sales statistics show that the Avergae Sales Price at Plantaion at Princeville declined from its peak in 2007 and the average sales price is near the original purchase price from the developer.

And, just like the overall Princeville Condo Sales Statistics, the number of sale is at a low point.

Currently there are six Plantation at Princeville condos on the market. Take a look at my listing at Plantation at Princeville 711. It has major upgrades!
This 2 bedrooom, 2bathroom Ali'i Kai furnished condo for rent is available immediately fo $1600 per month with a six month lease. This condo for rent has 1080 square feet of living area with a wrap-around lanai of 149 square feet. The master bedroom has 2 queen beds and a master bath and the second guest bedroom has a queen bed. Linens, kitchenware and dishes, etc are included. The views of the beautiful blue pacific ocean are awesome.
The Ali'i Kai at Hanalei condos are a development of 59 condominiums and were built in 1974. The majority of the units are situated on the bluff overlooking the Pacific Ocean and offer fantastic views. Ali'i Kai is a low-rise development of seven buildings and are constructed of wood frame. In buildings 1-6, each condo is 1086 square feet plus lanai. In building 7, the units are smaller, offering 886 square feet plus lanai. Ali' Kai at Hanalei has a swimming pool (no spa) and a full time manager. This condo for rent is available immediately.
Please contact Julie at 866.624.4800 and tell her that Carol sent you!
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2010 ActiveRain Corp. All Rights Reserved