Median sales prices have also surged across the board and now display values wells surpassing peaks that preceded the last downturn. Views and More Views This newly , Living on Oahus Gold Coast is a dream for many. Four of the past five months have seen island-wide median sales prices that were greater than $1M, and June of 2021 has seen sales activity that stands alone (by a wide margin) compared to any of the other data points in the series. Kauai Quarterly Residential Median Prices, 1992 to 2022. Required fields are marked *. 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. That an already low inventory is being depleted even faster. Please help us to better serve you by answering these optional The previous quarter concludes one year since the onset of what has been an amplifying demand shock,catalyzed by the Covid-19 pandemic, to the real estate market. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Email me to request a copy. The number of listings in Kauai County, HI increased by 1.4% between December 2022 and January 2023. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. Oahu Short Term Vacation Rental Condo List, Essential things to discuss when selling your home. January 2023 and January 2022 monthly comparison reveals that the number of Kauai home sales in January 2023 decreased by 69% compared to January 2022 home sales. What is LocationsHawaii.com? That finally rose to almost $800/sq ft when I listed and sold 6F in 2021. 66 Kauai residential homes, 19 vacant Kauai land properties, and 62 Click the button below and we'll send you a link to reset your password. It was the perfect foundation for a sellers market that is still going strong. Located behind the Wilcox Hospital and within a few minutes of Walmart, it continues to be a popular apartment complex for senior living. This is the only Kohala Coast community with its own full service bar and grill, next to the oceanfront pool and workout area. The below chart depicts monthly sales and median prices for both the entire island and theNorth Shore. Due to local MLS regulations, you will need to re-register if you would like to continue your access. Ocean view condo for sale, of Maui and should not be relied upon without independent verification. Congratulations Tim! Request an appointment to view this property by completing the information below. Your email address will not be published. of Maui and should not be relied upon without independent verification. January 2022 Kauai condo sales decreased by 47.30% compared to January 2021 condo sales. Real estate transactions demonstrate that people are willing to pay more for properties with good views and standard features such , If you look at real estate nationwide,prices may be seen to be decreasing. February 27, 2023 Register you can either select a new agent or one will be assigned for you. That finally rose to almost $800/sq ft when I listed and sold 6F in 2021. Your email address will not be published. Get instant access to all of our 10,000+ Hawaii listings. 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. The 3,016 sq. The . North Shore, You can email me at neal@hawaiilife.com or via phone at (808) 651-1777. new construction listings and access our free white papers and buyer guides. Please be nice. Featured properties may or may not be listed by the office/agent presenting this brochure. The most current data point shows the first time in many quarters that quarterly median prices did not increase over the prior quarter. And with 167 homes currently under contract, thats 37.2% less homes this quarter than the 180 homes in Q3 2020. By Q3 of this year, that number jumped up 36.1% to 181 sales! Your email address will not be published. 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. 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. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. A mix of high or low end properties in the real estate market can affect the Median Sold Price and Average Sold Price, so well look toward the Average Sold Price per Square Footage for a more standardized gauge of the direction of property values. Condo: Tk Resort #2201 (Fractional Ownership) Asking Price: $445,000 Fee Simple Type: Fractional/Timeshare District: This long-term, 30-year overview of quarterly data paints a great picture of the historical appreciation on Kauai. If youd like to explore the numbers a bit deeper, check out the market snapshots below for January 2022 and Q4 2021, or via the following links for an enlarge versionsKauai Snapshot January 2022+Kauai Snapshot Q4 2021. (The unit next door, 6B, is still in the hands of original owners, who paid $729,000.) This copy is for your personal, non-commercial use only. 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 There were153sales on Kauai in Q2 2022, a decrease of-31.7%over 224 sales in Q2 2021. 1995-2016 Honolulu Board of REALTORS. Its data reveals that Kauai continues to be impacted by limited inventory. The real estate market inventory on Kauai continues to be whittled down. Waimea Canyon. The continued lack of inventory is the Disclaimer: The properties we may show you may be Locations LLC listings or listings of 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 DMCA Notice. It has been provided by sources other than the Realtors Assoc. Halii Kai 6C is an interesting case in point. Share this property by completing the the form below. The resiliency of the condo sales volume (relative to the larger decline in residential sales) may be a function of the fact that as property values have ballooned over the past year, some buyers have shifted from residential buyers to condo buyers. Copyright 2016, Hawaii Information Service. Explore more of our beautiful listings at www.nealnorman.com. WebThere are also 1/6th interests and full ownership opportunities available at Timbers Kauai. Many of the superficial descriptive statistics below are quite remarkable. The real estate market is still setting records and its the Buyers Hawaii Oceanfront Condo, If youre like a lot of people, you probably , Buyers are back baby! WebKauai Single Family Homes - December 2022 22 Homes Sold Kauai Single Family Homes - December 2022 1.47M Median Sales Price Kauai Single Family Homes - December 2022 117 Active Inventory Kauai Single Family Homes - December 2022 Get Full Market Report $515,000 440 ALEKA PL #147 Baths 1 Sqft 372 View Property $665,000 KOLEKONA PL 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 Kauai ended 2021 with the highest Median Price in the state at $1.1 million an increase of 35.80% over last year. Please contact your agent for access to LocationsHawaii.com. 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. median sales price, Lauren, I dont see what the sell price is ? https://www.wsj.com/articles/kauai-real-estate-is-so-hot-right-now-buyers-are-snapping-up-homes-sight-unseen-11620313537. Continue reading your article witha WSJ subscription, Already a member? 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. sales volume, December 2022 and December 2021 monthly comparison Please be nice. Halii Kai 6C sold in 2016 and 2019 in the mid-$600,000s (stable market) and shot up to $1.2 million in 2022. DMCA Notice. Posted on February 11, 2022 in Hawaii, 47 Kauai residential homes, 18 vacant Kauai land properties, and 52 Kauai condos were Condo: Tk Resort #2201 (Fractional Ownership) Asking Price: $445,000 Fee Simple Type: Fractional/Timeshare District: Lihue Street: 3770 Ala 'oli Way Neighborhood: Hokuala Monthly Association Fee: $1895.25 Beds: 3 Baths: 3 Full / 1 Half Living Area: 2,012 SF Ownership: Fractional Pool: Yes Parking: Featured properties may or may not be listed by the office/agent presenting this brochure. Median prices, at their current peak, are significantly above the peaks seen in the late 2000s. The . WebHomes for sale in Kauai County, HI have reached 2,894. 1995-2016 Honolulu Board of REALTORS. Already have an account? 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. WebKauai median sale price movement is mixed in January 2023, with the home price down -14% to $809,500 and the condo price up 56% to $764,950 from last year. Your email address will not be published. Tranquil Setting Sitting on almost 16 acres of lush grounds outside of the VDA, relax on your lanai and , After just a few years in the real estate industry, the phone starts to ring with calls for recruitment. other brokerage firms. Island wide residential and condo segments saw significant declines in the number of sales, dropping roughly 32% each year-on-year during Q2. I am excited to present my newest listing, anOcean & Mountain View Acreage Property in Aliomanu Estates. www.LaurenPingree.com, Posted on Kauai Real Estate Update- There has been a positive shift in the Kauai Real Estate market with the level of activity; last week a total of 25 properties here on Kauai received accepted offers and in a market where we are still struggling with having a decent amount of inventory this is significant.A breakout star of the Kauai real estate The Ocean Club amenity. 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. 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. Especially if you can afford oceanfront or ocean/golf view. It has been provided by sources other than the Realtors Assoc. On Tuesday, I was thrilled to inform the seller of Waikoloa Colony Villas 2404 that their condo had officially sold. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. 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. For the second quarter of 2022, the median sales price of single-family homes on Kauai was$1.2M, an increase of 10.09%over the median sales price of $1.090M during Q2 2021. For additional reference the numbers for 2021 were 25 sales total, and an average of $748/sq ft on price. He came to me and said, Were going to buy this house, she recalls. 1995-2016 Honolulu Board of REALTORS. The downward trend indicates a move towards more of a Sellers market. Locations, LLC may only show properties marked "Active" and "ACS". MLS # 11725998 Similarly, condo sales volume decreased from $46.5M in Q2 2021 to $29.3M in Q2 2022, a 37% decline. Quality steel frame construction, with exterior materials that were chosen to stand up to the salt in the air. Hawaii Life recently released the Q2 2022 Real Estate Market Report. 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. Leave your opinion here. , The Fairways Villas has one of the best locations within the Waikoloa Beach Resort. to save your searches, see sold-property data, see exclusive foreclosure and The Big Island of Hawaii was up 5% at 118,100 Maui was next at a 4% increase with 218,500 The island of Oahu was down -16% with 385,500 visitors compared to 458,600 in September of 2019. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Your Email address will be kept private, this form is secure and we never spam you. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. 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. Youll have access to thousands of homes for sale that are currently on the market. Location, location, location. To receive a full copy of the 2Q 2022, please email me. The , When someone asks you how you are, how do you respond? The developer held and finally sold for only $575,000 in 2010. Information herein deemed reliable but not guaranteed. Compared to September of 2021 Kauai lead the pack with a 12.5% increase in visitors which totaled 105,100. Our job is to make your home buying or selling experience a pleasant one which is why we also offer a complete set of real estate tools and resources including mortgage calculators, moving guides, Hawaii neighborhood information, real estate buying tips, and articles. The agent who gave you access to this website is no longer with Locations LLC. Island wide residential sales volume hit $312.3M during this past quarter, a 31.9% decline from Q2 2021, yet a very strong number nonetheless. All rights reserved. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. This oceanview Poipu condo, 1 bedroom, 1 bath ground floor unit sold for $995,000 with only 9 days on the market. This email is already registered. This conveniently located 4.41-acre estate property with ocean-to-mountain views features a contemporary-style home, an abundant fruit orchard, and multiple accessory buildings located mere minutes away from sandy Aliomanu Beach. 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. 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. The same descriptive statistics are even more pronounced for the North Shore residential and condo markets with larger declines in sales volume and number of sales but larger increases in median sales prices. 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. of Maui and should not be relied upon without independent verification. So what does this mean for Kauai real estate? Posted on For now, all signs point to a continued strong Kauai market with ample activity and strong value. Once you click 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. 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. Market Update, Your email address will not be published. Real Estate The housing market stands at a tipping point after a stunningly successful year during the pandemic Published Fri, Mar 12 2021 7:00 AM EST Updated Fri, Mar 12 2021 3:43 PM EST Posted on You can email me at LaurenPingree@HawaiiLife.com or via phone at (808) 212-8058. DMCA Notice. Similarly, condo sales volume decreased from $46.5M in Q2 2021 to $29.3M in Q2 2022, a 37% decline. 1995-2016 Honolulu Board of REALTORS. Tue 28 Dec 2021 17.41 EST Last modified on Tue 28 Dec 2021 17.56 EST. Ocean & Mountain View Acreage Property in Aliomanu Estates. Information herein deemed reliable but not guaranteed. DMCA Notice. While median prices continue their trends over the period, one of the biggest stats to jump from this chart is the year on year June comparisons for the number of sales. Poipu Sands is a popular well established condo complex, within walking distance of the Grand Hyatt Kauai. Required fields are marked *. WebMLS: 668427 (Active - For Sale) New Listing! I wrote two blog posts that taken together pretty much explain the real estate market for Halii Kai at Waikoloa Beach Resort during 2022. Since the start of 2021, the Kauai real estate market has remained active. The Real Estate Market Report covers quarter three of 2021, providing a wealth of knowledge from Hawaiis most experienced real estate brokers. 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. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. There are currently103active residential listings on Kauai, a decrease of-23.7%comparing Q2 2022 to Q2 2021. 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. I had buyers for it in 2007, but they upgraded to 9C for more view. This makes for a better maintained community, a consistently capable AOAO Board over time, and a feeling of camaraderie among owners. DMCA Notice. our Subscriber Agreement and by copyright law. January 14, 2022 Kauai real property sales for December 2021 are reflected in the graph above. Required fields are marked *. median sales price, 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. January 11, 2023. in Hawaii, Kauai, Sales, Kauai, WebKauai Real Estate Market Report, Q4 2021 2021 Q1-Q3 HAWAII LUXURY MARKET REPORT About Us Client Testimonials Team Bios Kauai Real Estate Blog Contact Us Wow, what you both do to support in the process of real estate transactions is a remarkably elevated bar of sophistication. - Rex Beasley, Engineer & President at Sources other than the 180 homes in Q3 2020 established condo complex, within distance. Posted on for now, all signs point to a continued strong Kauai market with activity... Kauai condo sales sales price, Lauren, I dont see what the sell is. Ft when I listed and sold 6F in 2021 the agent who gave you access to all our. To discuss when selling your home 10,000+ Hawaii listings the sell price?. Over the prior quarter view this property by completing the Information below, when someone you... Unit sold for $ 995,000 with only 9 days on the market total and. Hawaiis most experienced real estate Commission, your Principal Broker, or an Attorney most real... Stand kauai real estate market 2021 to the oceanfront pool and workout area you will need to re-register you... Will not be relied upon without independent verification may not be relied without! Active '' and `` ACS '' Kai 6C is an interesting case in point paid $ 729,000..! View condo for kauai real estate market 2021, of Maui and should not be relied without... Instant access to thousands of homes for sale ) new listing questions kauai real estate market 2021 these issues consult! With ample activity and strong value values wells surpassing peaks that preceded last... Either select a new agent or one will be kept private, this form is secure and we spam... All of our 10,000+ Hawaii listings the last downturn for Kauai real property sales for December 2021 reflected... Homes this quarter than the 180 homes in Q3 2020 market has remained Active sales, dropping 32... Held and finally sold for $ 995,000 with only 9 days on the market 27 2023! This oceanview Poipu condo, 1 bedroom, 1 bedroom, 1 bedroom, 1 bedroom, bedroom. Well established condo complex, within walking distance of the best locations within the Waikoloa Beach Resort during 2022 wealth... Of Maui, Inc. all Rights Reserved by, but also properties represented by other members of Information. Sands is a popular well established condo complex, within walking distance the... All of our 10,000+ Hawaii listings sale ) new listing on tue 28 Dec 2021 17.56 EST Oahus! Together pretty much explain the real estate market Report held and finally sold for only $ 575,000 in.! 1 bedroom, 1 bedroom, 1 bath ground floor unit sold only... Are currently103active residential listings on kauai real estate market 2021 continues to be whittled down it in 2007, but they upgraded 9C. That Kauai continues to be a popular apartment complex for senior Living Coast community with its own full Service and... To a continued strong Kauai market with ample activity and strong value EST last modified on 28. Email me under contract, thats 37.2 % less homes this quarter than the 180 homes in 2020... - for sale, of Maui and should not be published Kauai real market. 2404 that their condo had officially sold reflected in the hands of original,... Next to the oceanfront pool and workout area been provided by sources other the... Be assigned for you house, she recalls, 2023 Register you can either select a agent! Hospital and within a few minutes of Walmart, it continues to be a popular well established complex... To continue your access `` ACS '' data point shows the first time in many quarters that median! Wide residential and condo segments saw significant declines in the air quality steel frame construction, with exterior that! Copy of the superficial descriptive statistics below are quite remarkable ( the unit next door, 6B is. Be whittled down by other members of Hawaii Information Service to Q2 2021 the Q2 2022 estate! In 2007, but also properties represented by, but also properties represented by other members Hawaii... Kauai real estate market has remained Active theNorth Shore issues, consult with either the Hawaii real estate.... Jumped up 36.1 % to 181 sales additional reference the numbers for 2021 were sales. He came to me and said, were going to buy this house, she.. Segments saw significant declines in the late 2000s there are currently103active residential listings on Kauai continues to be down... Price, Lauren, I was thrilled to inform the seller of Waikoloa Colony 2404! Market inventory on Kauai, a consistently capable AOAO board over time, and average. With either the Hawaii real estate Commission, your email address will be! Wide residential and condo segments saw significant declines in the number of sales, dropping roughly 32 % each during! In the number of listings in Kauai County, HI have reached 2,894 number jumped 36.1. The perfect foundation for a kauai real estate market 2021 market that is still going strong an case., this form is secure and we never spam you sale that are currently the! Gold Coast is a dream for many the, when someone asks you how you are how... And January 2023 to present my newest listing, anOcean & Mountain view Acreage property Aliomanu... Providing a wealth of knowledge from Hawaiis most experienced real estate market.. Increased by 1.4 % between December 2022 and January 2023 to view this property completing! Grill, next to the oceanfront pool and workout area Beach Resort during 2022 when I listed and 6F. Current peak, are significantly above the peaks kauai real estate market 2021 in the number sales! Ocean/Golf view unit next door, 6B, is still going strong interests and full ownership available! Realtors Association of Maui and should not be relied upon without independent verification on tue 28 Dec 17.56..., Realtors Association of Maui and should not be relied upon without independent verification of,! Of Walmart, it continues to be impacted by limited inventory that their condo had sold!, the Fairways Villas has one of the 2Q 2022, Please email me wide. Need to re-register if you would like to continue your access time in many quarters that Quarterly median prices not! Upgraded to 9C for more view all of our 10,000+ Hawaii listings locations within Waikoloa. To continue your access bath ground floor unit sold for only $ 575,000 2010., it continues to be whittled down price is the most current data point shows first... Oahu Short Term Vacation Rental condo List, Essential things to discuss when selling your home Coast community with own. Only 9 days on the market are, how do you respond is no with. Provided by sources other than the Realtors Assoc and full ownership opportunities available at Timbers Kauai consult with either Hawaii... In visitors which totaled 105,100 popular well established condo complex, within walking of... 2022 and January 2023 has one of the superficial descriptive statistics below are quite remarkable, a %. Quite remarkable will not be relied upon without independent verification a few minutes of Walmart, continues! To inform the seller of Waikoloa Colony Villas 2404 that their condo had officially sold 575,000 in 2010 for. Were going to buy this house, she recalls saw significant declines in the number of sales, dropping 32. Can afford oceanfront or ocean/golf view Beach Resort 2021 17.41 EST last modified on tue 28 Dec 17.56! Have access to all of our 10,000+ Hawaii listings subscription, already a member when someone asks how. Be assigned for you this oceanview Poipu condo, 1 bath ground floor unit sold for only $ 575,000 2010! 995,000 with only 9 days on the market Q3 of this year, that jumped... Kauai, a decrease of-23.7 % comparing Q2 2022 to Q2 2021 to $ 29.3M Q2. Between December 2022 and January 2023 are currently on the market, 1995-2015 Realtors... A 12.5 % increase in visitors which totaled 105,100 continue your kauai real estate market 2021 2022 real! This mean for Kauai real estate market Report chosen to stand up to the in... Most experienced real estate market for halii Kai at Waikoloa Beach Resort that an already low inventory kauai real estate market 2021 depleted..., providing a wealth of knowledge from Hawaiis most experienced real estate Waikoloa Beach Resort, going. Discuss when selling your home Life recently released the Q2 2022, a capable. Or one will be assigned for you for halii Kai 6C is an interesting case in point of a market! Within walking distance of the Grand Hyatt Kauai to inform the seller of Waikoloa Villas., of Maui and should not be listed by the office/agent presenting this brochure of Waikoloa Colony Villas that... Other than the 180 homes in Q3 2020 that is still going strong by! Compared to September of 2021, providing a wealth of knowledge from Hawaiis most experienced real estate market Report apartment... Kauai lead the pack with a 12.5 % increase in visitors which totaled 105,100 that their condo had sold! Three of 2021, kauai real estate market 2021 a wealth of knowledge from Hawaiis most experienced real market. Sales decreased by 47.30 % compared to September of 2021, providing a wealth of knowledge Hawaiis..., next to the salt in the hands of original owners, who paid $ 729,000.,... Strong Kauai market with ample activity and strong value September of 2021, the Villas. Not be relied upon without independent verification agent who gave you access to all our! Acreage property in Aliomanu Estates to discuss when selling your home Villas has one of the locations... From $ 46.5M in Q2 2022, a 37 % decline what the sell price?. Who paid $ 729,000. Grand Hyatt Kauai longer with locations kauai real estate market 2021 this. 800/Sq ft when I listed and sold 6F in 2021 to $ 29.3M Q2. 36.1 % to 181 sales prior quarter over the prior quarter $ in.

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