Highest Real Estate Sales Volume on Kauai Achieved by Sleeping Giant Sotheby’s International Realty

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Sleeping Giant Sotheby’s International Realty recorded the highest sales volume among real estate agencies on Kauai for 2010. Totaling $48,525,800 in sales, the year’s successful transactions centered on a broad price range of homes, condominiums and raw land. “In a year marked by foreclosures, short sales, greatly diminished property values and a tough lending climate, I’m ecstatic that we have come out on top in sales on Kauai,” states Debra Blachowiak, principal broker for the agency.

According to Hawaii Information Systems (HIS), which tracks real estate listings and data for Kauai and the Big Island, Sleeping Giant Sotheby’s International Realty recorded the highest sales volume among real estate agencies on Kauai for 2010. Totaling $48,525,800 in sales, the year’s successful transactions centered on a broad price range of homes, condominiums and raw land. Throughout the year, Sleeping Giant Sotheby’s closed escrow on 30 different properties ranging in price from just under $50,000 to over $20 million. The largest sale was for a 2,000-acre parcel of land located in Kealia. “In a year marked by foreclosures, short sales, greatly diminished property values and a tough lending climate, I’m ecstatic that we have come out on top in sales on Kauai,” states Debra Blachowiak, principal broker for the agency.

According to data from HIS, median sales prices for existing homes on Kauai decreased in 2010. The year also saw a sharp increase in foreclosures and auctions. Blachowiak points to these trends contributing to increases in home and condominium sales volume in 2010. Last December there was a 21% increase in Kauai home sales and a 37% increase in Kauai condominium sales, compared to December 2009. “Its encouraging to see Kauai’s real estate activity pick up steam, considering overall market conditions,” says Blachowiak.

Sleeping Giant Sotheby’s International Realty was established as Sleeping Giant Realty in 1974. The agency operates with 25 real estate agents, representing a diverse range of properties. The company’s affiliation with Sotheby's International Realty was established in 2006 to provide the agency with global exposure in international luxury markets.

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Susan Higgins (RA)
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