Traditionally, the fall selling season, September through November, is a slower period in the Kauai neighbor island market. In the state of Hawaii, only Oahu (where Honolulu is) functions as more of an urban market. The neighbor islands, Kauai, Maui, and Hawaii (aka the Big Island), are more of the second home and resort markets. On the neighbor islands, the market generally picks up around Christmas as the vacationers and snowbirds arrrive, and January and February are typically robust months.
The island is divdided into five zones, and they are listed below. The resort area of Princeville is located in the Hanalei zone. The resort area of Poipu where most of the newer development is currently happening, is in the Koloa zone. Land and condo sales are down more than single family homes for the year. Although the numbers of Condos in Princeville is a bit deceiving and skewed as there is one new project, Kaiiulani, which was mostly sold last year and the year before but the units are just now being completed so the sales are registering this year. That project is skewing the Princeville/Hanalei numbers. Without that project closing, the numbers for Kauai's North Shore would be down more significantly.
Here are the sales numbers for Kauai through October of 2007.