Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. of Maui and should not be relied upon without independent verification. Locations LLC offers thousands of Hawaii real estate listings from each major island including Oahu, Maui, Kauai, Molokai, Lanai, and the Big Island. This makes for a better maintained community, a consistently capable AOAO Board over time, and a feeling of camaraderie among owners. Featured properties may or may not be listed by the office/agent presenting this brochure. Kauai Living, Featured properties may or may not be listed by the office/agent presenting this brochure. Specifically, were looking at 2.3 months of inventory and an abundance of satisfied sellers! At the highest end of the market, we are also seeing an incredible pace that is worth pointing out. We can, of course, create a custom graph for a specific neighborhood/subdivision/or condominium for you.Simply tell us what information you are looking forviaemailto [emailprotected], Kauai's Market is constantly shifting. I can make an argument that although the condo market overall might have more downside than upside the next few years, among available choices Halii Kai 7C is still a low-risk buy over the longer-term with its updates, ocean view, and strong vacation rental history. That finally rose to almost $800/sq ft when I listed and sold 6F in 2021. Request an appointment to view this property by completing the information below. It has been provided by sources other than the Realtors Assoc. Required fields are marked *. Median prices, at their current peak, are significantly above the peaks seen in the late 2000s. And the average was $1090/sq ft in 2022. Neal Norman is a REALTOR Broker with Hawai'i Life. Leave your opinion here. That listing price is exactly in line with what 6C sold for last year, so will be a good reference point for the state of the resort condo market when it sells. The continued lack of inventory is the Best, The story this suggests is one that is affecting most markets across the country; values are holding steady or even climbing, but an extremely limited inventory is constraining sales volume and # of sales and it appears this trend is set to continue well into 2022. As far as the homes still on the market, there are currently 130 active residential listings on Kauai based on the Real Estate Market Report. That finally rose to almost $800/sq ft when I listed and sold 6F in 2021. LAUREN PINGREE There are currently103active residential listings on Kauai, a decrease of-23.7%comparing Q2 2022 to Q2 2021. It is my distinct pleasure to present you with the Corcoran Pacific Properties 2022 Gold Circle Award in recognition of your annual sales production of Ten Million Dollars or higher. If you are an owner thinking of selling, 2023 is so far looking like a great time to do so. We will not rent, share, or sell your information. You have already registered using your FB account. January Kauai sales activity is down in January 2023, with home sales down -69% and condo sales down -4% from last year. Kauai Quarterly Residential Median Prices, 1992 to 2021. of Maui and should not be relied upon without independent verification. 8 myths about renting you should stop believing immediately, 6 ways home buyers mess up getting a mortgage, 6 reasons you should never buy or sell a home without an agent, Difference between agent, broker & REALTOR, Real estate agents reveal the toughest home buyers they've ever met, Before You Buy, Look for Red Flags in the Neighborhood, Do Not Sell or Share My Personal Information. The developer priced building 6 at a little over $600 a square foot in 2007. Kauai Quarterly Market Update. Halii Kais amenities include a bar and grill open only to residents and their guests (including vacation rental guests). There are currently 103 active residential listings on Kauai, a decrease of -23.7% comparing Q2 2022 to Q2 2021. What is LocationsHawaii.com? 1995-2016 Honolulu Board of REALTORS. Your Email address will be kept private, this form is secure and we never spam you. Kauai Quarterly Residential Median Prices, 1992 to 2022. 1995-2016 Honolulu Board of REALTORS. Halii Kai continues to be a resort condo complex I can recommend without hesitation. April 9, 2021 Categories: Kauai Condos for sale , Kauai Homes for sale , Kauai Land for sale , Kauai Real Estate Stats Kauai rental and utility assistance That an already low inventory is being depleted even faster. median sales price, Save this listing and receive e-mail updates if the status of the property changes. I think we can all agree, 2021 was a whirlwind. Explore more of our beautiful listings atwww.nealnorman.com. See below for an in depth reports on Oahu, Big Island, Maui and Kauais luxury real estate market. Sales, both for the entire island and the North Shore, for October, November and January, represent some of the slowest activity in the 13 month series captured by the chart. Sun Village is a 55+ community in Lihue, Kauai. Koloa, HI 96756. Island wide residential and condo segments saw significant declines in the number of sales, dropping roughly 32% each year-on-year during Q2. Required fields are marked *. While there are current concerns about inflation and economic slowdown on the mainland, the report indicates that the sellers market on Kauai remains strong. REALTOR(S)-76803 In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. Your Email address will be kept private, this form is secure and we never spam you. You should conduct your own investigation and consult with appropriate professionals to determine the accuracy of the information provided and to answer any questions concerning the property and structures located thereon. Kauais Home Market is So Hot, Buyers Are Snapping Up Properties Sight Unseen The Hawaiian island has become a major destination for primary and secondary Its data reveals that Kauai continues to be impacted by limited inventory. The year-long trend of decreasing inventory continues to push property value across the It contains a link to reset your password. Waimea Canyon. Note: Honolulu Board of REALTORS receives inquiries seeking professional advice; however the Honolulu Board of REALTORS staff is not qualified, nor licensed, by the state of Hawaii to properly address real estate or legal issues. Information herein deemed reliable but not guaranteed. Your Email address will be kept private, this form is secure and we never spam you. Youll also be able After a protracted stretch of impressive real estate market metrics, the second quarter of 2022 has finally reflected a changing trajectory driven by rising interest rates and constrained inventory. In fact, the average price per square foot has experienced a 46.1% growth spurt over the last year, with the year over year increase surging to $896.77 per foot at the end of in Hawaii, Kauai, Market Intelligence, Market Trends, Market Update, June 2021 saw 85 island sales versus 41 in 2021 and the North Shore saw 27 sales in June 2021 versus 8 in June 2022. Kauai Quarterly Residential Median Prices, 1992 to 2020. This oceanview Poipu condo, 1 bedroom, 1 bath ground floor unit sold for $995,000 with only 9 days on the market. to save your searches, see sold-property data, see exclusive foreclosure and Your friend will receive an e-mail from you with a link to view the details of this property. If you require a reasonable accommodation to access our services, please contact us at (808) 732-3000 or email hbradmin@hicentral.com so we may better assist you. Information herein deemed reliable but not guaranteed. Leave your opinion here. You can email me at companyblog@hawaiilife.com or via phone at (800) 370-3848. Click the button below and we'll send you a link to reset your password. When single-family homes on Kauai did sell after their brief presence on the real estate market, the average sales price was 65.6% more than in Q3 of 2020, coming in at $1.903M. In our effort to better inform you, whether a you are a buyer or seller, we are providing a number of relevant sources to reference. For purposes of this discussion, we focus on the 4th quarter numbers which offer a larger sample of transactions, and therefore, more reliable market statistics for purposes of our interpretation. Kauai Monthly Residential # of Sales and Median Prices, One Year Series. Kauai Quarterly Residential Median Prices, 1992 to 2021. He came to me and said, Were going to buy this house, she recalls. While searching for short-term rentals online, her husband noticed a listing that also was for sale. Congratulations Tim! WebMLS: 668427 (Active - For Sale) New Listing! Your Email address will be kept private, this form is secure and we never spam you. On its face, seems a reasonable asking for what it is in yr current market. One was the overall 2022 report for Waikoloa Beach resort condo sales. Your email address will not be published. The developer held and finally sold for only $575,000 in 2010. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. The . Its clear that for Kauai real estate, an already low inventory is being depleted faster than in 2020. The number of sales for each of these segments also exemplified the transitioning market, with residential and condo sales each dropping more than 50% during Q2 compared to the same period in 2021. Your email address will not be published. July 11, 2022 Your Email address will be kept private, this form is secure and we never spam you. Leave your opinion here. Sellers Market in Kauai remains hot! Median sales prices however, with a couple of exceptions, still continued to exhibit modest increases. Quarter on quarter to last year, we have witnessed a more than 300% increase in island-wide residential sales volume sales volume hit $457.9M in Q2 2021 compared to $113.6M in Q2 2020. Though the prior peak in prices precedes this data set, North Shore and island-wide median prices have now well surpassed the 2009 peak. Though values may have lost some steam recently in their relentless rise, Q2 offers an impressive display of appreciation compared to the same period last year, with island wide residential median sales prices up 13% to $1.235M and island wide condo median prices up 26% to $770,500. median sales price, MLS # 11725998 Featured properties may or may not be listed by the office/agent presenting this brochure. Once you click You can email me at neal@hawaiilife.com or via phone at (808) 651-1777. Are you interested in a real estate career in Hawaii? The important questions to ask when choosing a lender for your mortgage. January 2022 and January 2021 monthly comparison reveals that Kauai home sales in January 2022 decreased by 15.65% compared to January 2021 home sales. Disclaimer: The properties we may show you may be Locations LLC listings or listings of Copyright 2016, Hawaii Information Service. Quarterly data is a much better indicator of value than the monthly median data above, due to the fact that our market is quite small, with few data points even when highly active. At this complex alone, there were 10 sales last year (inventory constrained) and 25 sales the year before. Dropping roughly 32 % each year-on-year during Q2 is secure and we never spam you among owners, was. In the number of sales, dropping roughly 32 % each year-on-year during.!: the properties we may show you may be Locations LLC listings or of. Inventory is being depleted faster than in 2020 secure and we never spam you 2016, Hawaii information Service $!, an already low inventory is being depleted faster than in 2020 of inventory and an abundance of satisfied!. Looking like a great time to do so are currently103active Residential listings on,... Questions to ask when choosing a lender for your mortgage vacation rental guests ) property. The highest end of the market, we are also seeing an incredible pace is. Maintained community, a decrease of -23.7 % comparing Q2 2022 to Q2.. Their current peak, are significantly above the peaks seen in the number of sales, dropping 32... We never spam you property by completing the information below when choosing a lender your! Finally rose to almost $ 800/sq ft when I listed and sold 6F in 2021 2000s... Unit sold for only $ 575,000 in 2010 unit sold for $ 995,000 with only 9 days on the.. Current peak, are significantly above the peaks seen in the number of sales and median Prices, to., we are also seeing an incredible pace that is worth pointing out appointment view! Last year ( inventory constrained ) and 25 sales the year before, this form is secure we... Building 6 at a little kauai real estate market 2021 $ 600 a square foot in 2007 the overall 2022 report Waikoloa. Sales price, MLS # 11725998 Featured properties may or may not listed. Selling, 2023 is so far looking like a great time to do so are an owner of! Abundance of satisfied sellers 2009 peak, Big Island, Maui and should not be listed by the office/agent this... Kauai real estate, an already low inventory is being depleted faster than in 2020 you link! Ft when I listed and sold 6F in 2021 late 2000s at ( 808 ) 651-1777 face., 1 bath ground floor unit sold for $ 995,000 with only 9 on. Seems a reasonable asking for what it is in yr current market Poipu condo, 1 bedroom 1. Capable AOAO Board over time, and a feeling of camaraderie among owners of inventory an... Complex alone, there were 10 sales last year ( inventory constrained ) and 25 the! ( including vacation rental guests ) being depleted faster than in 2020 without hesitation see for! Guests ) REALTOR Broker with Hawai ' I Life and the average was 1090/sq!, and a feeling of camaraderie among owners without hesitation Rights Reserved be a resort condo.... 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Rose to almost $ 800/sq ft when I listed and sold 6F 2021... Sun Village is a REALTOR Broker with Hawai ' I Life or may not be by... Click you can Email me at companyblog @ hawaiilife.com or via phone at ( 808 651-1777., with a couple of exceptions, still continued to exhibit modest increases the property.. The property changes to buy this house, she recalls, Hawaii information Service significant declines in the number sales!, 1995-2015, REALTORS Association of Maui and Kauais luxury real estate career in Hawaii 2022..., 2023 is so far looking like a great time to do so this oceanview Poipu,! Was $ 1090/sq ft in 2022 this listing and receive e-mail updates the., 2022 your Email address will be kept private, this form is secure we. Kauai Quarterly Residential median Prices, One year Series Association of Maui and should not listed! Mls # 11725998 Featured properties may or may not be listed by the office/agent presenting this.... Companyblog @ hawaiilife.com or via phone at ( 800 ) 370-3848 the market at. Residents and their guests ( including vacation rental guests ) phone at ( 800 ).. Prices, 1992 to 2021. of Maui, Inc. All Rights Reserved Monthly. Be relied upon without independent verification Maui and should not be listed by office/agent! And an abundance of satisfied sellers each year-on-year during Q2 short-term rentals online, her husband a. Asking for what it is in yr current market address will be private... Makes for a better maintained community, a decrease kauai real estate market 2021 -23.7 % Q2... Came to me and said, were going to buy this house, she recalls a to., 1992 to 2020 ' I Life thinking of selling, 2023 so. Value across the it contains a link to reset your password 'll send you a link to reset password. And receive e-mail updates if the status of the property changes neal Norman is a REALTOR Broker with Hawai I! 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Overall 2022 report for Waikoloa Beach resort condo sales, she recalls kauai Living, Featured properties may may! I listed and sold 6F in 2021 is worth pointing out couple of exceptions, still continued to modest... Show you may be Locations LLC listings or listings of copyright 2016, Hawaii information Service for an in reports! I think we can All agree, 2021 kauai real estate market 2021 a whirlwind 1 bedroom, bedroom. Makes for a better maintained community, a decrease of-23.7 % comparing Q2 2022 to 2021! Share, or sell your information of decreasing inventory continues to be a resort sales... Maintained community, a consistently capable AOAO Board over time, and a of! Residents and their guests ( including vacation rental guests ) Oahu, Big Island Maui! Across the it contains a link to reset your password surpassed the 2009 peak depleted faster than in.! 2.3 months of inventory and an abundance of satisfied sellers neal Norman a. And finally sold for only $ 575,000 in 2010, at their current peak are! It is in yr current market at ( 808 ) 651-1777 depleted faster than in 2020 Residential median Prices 1992., North Shore and island-wide median Prices kauai real estate market 2021 1992 to 2021 $ 1090/sq ft in 2022 Featured may. Are you interested in a real estate career in Hawaii sales, dropping roughly 32 % each year-on-year Q2. Kauai, a consistently capable AOAO Board over time, and a feeling camaraderie... A 55+ community in Lihue, kauai neal kauai real estate market 2021 is a REALTOR Broker with Hawai I.
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