Prices continue to rise on Kauai

The Kauai Garden Island News reports that 2006 sales are brisk on Kauai:

This year, there has been a flurry of sales in the first two weeks, with agents at Century 21 All Islands (with offices at Princeville, Kapa'a and Koloa) closing 15 sales in the first week of this month alone, said Kenneth W. Kubiak, vice president in charge of Kaua'i operations.

The lack of inventory, Kubiak said, even with new projects like the Villas at Puali in Puhi, Regency at Puhi and Plantation at Princeville, remains a concern. That lack of inventory keeps prices high on those properties that are for sale, oftentimes effectively pricing many residents right out of the market.