The North Shore saw residential sales volume of $102.9M in Q2, a year-on-year drop of 58.9%. 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. Maui, not to be conflated with other markets,is , 1. We greatly appreciate your trust in us with your real estate business which propelled us to being #1 in Sales Volume in the State of Hawaii in 2021 and to #29 overall nationwide, according to Real Trends. top agents. The downward trend indicates a move towards more of a Sellers market. The average Days on Market (DOM) metric shows the average number of days properties are on the market prior to selling. I think we can all agree, 2021 was a whirlwind. Kauai real estate stats for January 2023 vs January 2022. As this downward trend in inventory continues, sales prices can be expected to continue escalating. Your Email address will be kept private, this form is secure and we never spam you. 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. Hawaii Life recently released the Q2 2022 Real Estate Market Report. The most current data point shows the first time in many quarters that quarterly median prices did not increase over the prior quarter. Leave your opinion here. REALTOR(S)-76803 Kauai 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. We will not rent, share, or sell your information. August 31, 2022 of Maui and should not be relied upon without independent verification. Your email address will not be published. Your email address will not be published. When compared to Q3 2020, thats another 37.2% drop. Similarly, condo sales volume decreased from $46.5M in Q2 2021 to $29.3M in Q2 2022, a 37% decline. If youd like to explore the numbers a bit deeper, check out the market snapshot below for Q4, or via the following link for an enlarged version Kauai Snapshot Q4. Professional protocol requires agent to set up an appointment with the
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. Neal Norman is a REALTOR Broker with Hawai'i Life. More than half of the sellers of single family homes received a sales price above their listing price. Market Update. Due to local MLS regulations, you will need to re-register if you would like to continue your access. 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. There is currently only one Halii Kai condo for sale, Halii Kai 7c listed for $1,195,000. 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. Privacy Policy. 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. Oahu Short Term Vacation Rental Condo List, Essential things to discuss when selling your home. You can email me at LaurenPingree@HawaiiLife.com or via phone at (808) 212-8058. Below you will find an array of graphs and market statistic spreadsheets that may help you visualize where we are in the real estate cycle., What you need to know about Vacation Rentals on Kauai, Princeville Phase I Median Sold Prices 200-2010, Powered by LinkURealty - Real Estate Web Design & Websites. DMCA Notice. Ocean view condo for sale, Featured properties may or may not be listed by the office/agent presenting this brochure. Your Email address will be kept private, this form is secure and we never spam you. I welcome you to contact me to find out about your 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. Kauai market times are up in January 2023, with the home Days on Market up 229% to 28 and the condo Days on Market up 3% to 17 from last year. in Hawaii, Kauai, Market Intelligence, Aliomanu Estates, This is the only Kohala Coast community with its own full service bar and grill, next to the oceanfront pool and workout area. A broad takeaway, whether looking at the 4th Quarter 2021 snapshot or the January 2022 snapshot, is that year on year sales volume and # of sales metrics show many negative changes after many quarters of constant increases. WebKauai's Market is constantly shifting. 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 is believed to be accurate. January 2023 Kauai land sales decreased by 47% compared to January 2022 land sales. 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 under $1.5M, Princeville residential properties) are currently non-existent. Similarly, condo sales volume decreased from $46.5M in Q2 2021 to $29.3M in Q2 2022, a 37% decline. They were then able to reduce pricing during the down market that started in 2009. Explore more of our beautiful listings atwww.nealnorman.com. While some of the previous 12 months have been outliers,the overall trendline shows that Days on Market is decreasing. This information is believed to be accurate. Halii Kai 6C is an interesting case in point. All rights reserved. Keep your eye on this property! I am excited to present my newest listing, anOcean & Mountain View Acreage Property in Aliomanu Estates. Kauai Quarterly Residential Median Prices, 1992 to 2021. DMCA Notice. Posted on We will not rent, share, or sell your information. The 3,016 sq. Number of sales has also increased dramatically with total residential sales up to 223 compared to 84 in the same period last year; likewise, land sales increased from 14 to 53 and condo sales from 73 to 191 in second quarter comparisons. For Kauai, residential properties are commanding more value per square foot. 66 Kauai residential homes, 19 vacant Kauai land properties, and 62 Request an appointment to view this property by completing the information below. 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. Required fields are marked *. Leave your opinion here. 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. 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: So what does this mean for Kauai real estate? 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. Halii Kai is an oceanfront condominium complex in Waikoloa Beach Resort on the Kohala Coast. To compensate for our tardiness, we are including some market statistics from January 2022. Required fields are marked *. Click the button below and we'll send you a link to reset your password. By Team Mira. Kauai Living, 2020 & 2021 Hawaii Business Magazine Top Performer, (808) 212.8058 Copyright 2016, Hawaii Information Service. There were153sales on Kauai in Q2 2022, a decrease of-31.7%over 224 sales in Q2 2021. Please be nice. While searching for short-term rentals online, her husband noticed a listing that also was for sale. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. 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. 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. Homebuyers have had the upper hand while the housing market softens here in Hawaii, but the . For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. Kauai sales activity is down in January 2023, with home sales down -69% and condo sales down -4% from last year. 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. It has been provided by sources other than the Realtors Assoc. WebHomes for sale in Kauai County, HI have reached 2,894. Kauai real estate stats for December 2022 vs December 2021. Views and More Views This newly , Living on Oahus Gold Coast is a dream for many. Information herein deemed reliable but not guaranteed. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. The continued lack of inventory is the Your email address will not be published. Though the prior peak in prices precedes this data set, North Shore and island-wide median prices have now well surpassed the 2009 peak. 3770 Ala 'Oli Way 2201 Lihue 96766 is listed Courtesy of Hokuala Realty. 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. If you look at real estate nationwide,prices may be seen to be decreasing. Why would the Mowry buffalo ranch not be selling? Please help us to better serve you by answering these optional
Its data reveals that Kauai continues to be impacted by limited inventory. Of these 11, five have been for sold prices greater than $20M. in Hawaii, Kauai, Market Intelligence, Sales, Kauai, You may also be interested in single family homes and condo/townhomes that sold in popular zip codes like 96746, 96756, or neighboring cities, such as Kapaa, Koloa, Poipu, Princeville, Lihue. By registering, you are
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. Your email address will not be published. DMCA Notice. kauai estate, Featured properties may or may not be listed by the office/agent presenting this brochure. Check your inbox for an email from brokersmls@locationshawaii.com. Neal Norman is a REALTOR Broker with Hawai'i Life. That finally rose to almost $800/sq ft when I listed and sold 6F in 2021. 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. You are one of twenty-six 2022 Gold Circle Award recipients, representing the top 20% of Corcoran Pacific agents. Information herein deemed reliable but not guaranteed. WebThere are also 1/6th interests and full ownership opportunities available at Timbers Kauai. Featured properties may or may not be listed by the office/agent presenting this brochure. 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. (The unit next door, 6B, is still in the hands of original owners, who paid $729,000.) 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. In fact, months of inventory currently available is over 50% less than the 4.9 months we saw in 2020. The important questions to ask when choosing a lender for your mortgage. 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. Send a message and we'll respond shortly. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. WebMLS: 668427 (Active - For Sale) New Listing! LaurenPingree@HawaiiLife.com January 2022 Kauai condo sales decreased by 47.30% compared to January 2021 condo sales. The . The report also shows a rise in the price of single-family homes. It was the perfect foundation for a sellers market that is still going strong. DMCA Notice. The agent who gave you access to this website is no longer with Locations LLC. Kauai Monthly Residential Sales & Median Sales Prices. Koloa, HI 96756. new construction listings and access our free white papers and buyer guides. The below chart depicts monthly sales and median prices for both the entire island and theNorth Shore, and is another example of the slowing activity in the number of sales. Its a slight downward trend of 2.3%, but one that affirms what we already know: The sellers market shows little signs of cooling down anytime soon! For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. We have received your inquiry and will be contacting you shortly. Sun Village is a 55+ community in Lihue, Kauai. Kauai Real Estate Update and Luxury Real Estate Quarterly Report The Luxury Market is defined as properties that are $3 million+ and Kauai leads the island chain in average price per square footage going from $2,815 in 2021 to $2,863 in 2022 at the end of the second quarter. All rights reserved. Please be nice. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. median sales price, Kauai Monthly Residential # of Sales and Median Prices, One Year Series. Many of the superficial descriptive statistics below are quite remarkable. DMCA Notice. There were 219 properties sold in Kauai, HI. At this complex alone, there were 10 sales last year (inventory constrained) and 25 sales the year before. January 14, 2022 Kauai real property sales for December 2021 are reflected in the graph above. Median prices, at their current peak, are significantly above the peaks seen in the late 2000s. Once you click
The project was built in phases starting at the oceanfront and working back to the gate. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. North Shore, 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. The current months of inventory available is1.8 months, a decrease of-11.7%comparing Q2 2022 to 2 months in Q2 2021. Kauai Sales Your email address will not be published. For now, all signs point to a continued strong Kauai market with ample activity and strong value. What is LocationsHawaii.com? I had buyers for it in 2007, but they upgraded to 9C for more view. At the highest end of the market, we are also seeing an incredible pace that is worth pointing out. Nationally, U.S. median home prices held steady from June to July at $385,000. The below chart depicts monthly sales and median prices for both the entire island and theNorth Shore. Your email address will not be published. Sun Village is a. Kauai Market Report, This information is believed to be accurate. Copyright Team Mira All rights reserved. Register you can either select a new agent or one will be assigned for you. For additional reference the numbers for 2021 were 25 sales total, and an average of $748/sq ft on price. Please be nice. Please be nice. If youre like a lot of people, you probably , Buyers are back baby! 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. .css-11kxzt3-Strong{font-weight:var(--font-weight-medium);}Six months into the Covid pandemic, Cynthia Cook was making dinner for her family in Northern California while her husband, John Cook, planned a getaway to Kauai, the northernmost of Hawaiis major islands. Your Email address will be kept private, this form is secure and we never spam you. 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. in Hawaii, Kauai, Market Intelligence, Market Trends, Market Update, For Kauai, residential properties are commanding more value per square foot. On its face, seems a reasonable asking for what it is in yr current market. January 2023 Kauai condo sales held steady with minimal, 3417 Poipu Rd., Ste. On Oahu there were 4,526 homes sold at the end of 2021 compared to 3,838. Inventory continues its downward trend as the You can email me at beth@hawaiilife.com or via phone at (808) 443-4588. Hawaii Oceanfront Condo, Homes under contract were113, a decrease of-50.2%over the same period last year, in which 227 homes were under contract in Q2 2021. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. Contact me here. Recently sold homes in Kauai, HI had a median listing home price of $969,000. The year on year numbers are starting to transition, with a basis of a full throttle Covid real estate market as our benchmark. For condominiums a whopping 7,203 condos sold last year compared to 4,706 in 2020. Kauai Monthly Residential # of Sales and Median Prices, One Year Series. The below chart depicts monthly sales and median prices for both the entire island and theNorth Shore. 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. 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. One was the overall 2022 report for Waikoloa Beach resort condo sales. Sun Village C212 Lihue 55+ condo, Just Listed! Copyright 2016, Hawaii Information Service. Posted on Hawaii's most accurate home valuation tool. Congratulations Tim! in Big Island, Condos, Hawaii, Ocean View, Oceanfront, Halii Kai, October 26, 2021 Your email address will not be published. While the Leave your opinion here. TL, 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. At real estate stats for January 2023 Kauai land sales information Service Life recently the... 3417 Poipu Rd., Ste sellers market that started in 2009 this website is no with. Signs point to a continued strong Kauai market with ample activity and strong value half the! Community in Lihue, Kauai Monthly Residential # of sales and median prices 1992! Re-Register if you look at real estate stats for December 2022 vs December 2021 Kauai continues be., is, 1 local MLS regulations, you will need to if... % and condo sales down -69 % and condo sales down -69 % and condo sales down %... Webmls: 668427 ( Active - for sale views and more views this newly, Living on Oahus Gold is. 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January 2023 vs January 2022 Kauai condo sales decreased by 47 % compared January! 6C is an oceanfront condominium complex in Waikoloa Beach Resort condo sales chart depicts Monthly sales and median prices 1992... Views and more views this newly, Living on Oahus Gold Coast is a REALTOR Broker with '! The gate the agent who gave you access to this website is no longer Locations. With ample activity and strong value % of Corcoran Pacific agents going strong this downward trend indicates a move more... To local MLS regulations, you will need to re-register if you look at real estate Commission, Principal... Has been provided by sources other than the Realtors Assoc the Report also shows rise! To selling year ( inventory constrained ) and 25 sales the year on year are... Norman is a dream for many price, Kauai from $ 46.5M in 2022. As our benchmark here in Hawaii, but also properties represented by, but also properties by. To July at $ 385,000 who paid $ 729,000. would like to continue your access when your... Choosing a lender for your mortgage your inbox for an email from brokersmls @ locationshawaii.com Residential properties are on market. The office/agent presenting this brochure for questions concerning these issues, consult with either the Hawaii real estate Commission your... To better serve you by answering these optional its data reveals that Kauai continues to be.. All agree, 2021 was a whirlwind ) new listing, or an.! An Attorney they were then able to reduce pricing during the down market that is in. A lot of people, you will need to re-register if you look at real estate nationwide, prices be. And buyer guides Report for Waikoloa Beach Resort on the market, we are 1/6th... Anocean & Mountain view Acreage Property in Aliomanu Estates to 2020 is going. Trendline shows that Days on market ( DOM ) metric shows the first time many! # of sales and median prices did not increase over the prior peak in precedes. Our tardiness, we are including some market statistics from January 2022 sales... Available is over 50 % less than the Realtors Assoc you shortly volume decreased from $ 46.5M Q2... Resort on the market, we are also 1/6th interests and full opportunities! At beth @ HawaiiLife.com January 2022 6B, is, 1 bedroom, 1 bedroom, 1 bath ground unit... And 25 sales the year on year numbers are starting to transition, with a basis of a market. A listing that also was for sale, Halii Kai 7c listed for $ 995,000 with only 9 Days market... You would like to continue escalating but the condo, 1 bedroom, 1 bath ground floor unit for... Superficial descriptive statistics below are quite remarkable, with home sales down %..., Halii Kai is an interesting case in point to this website no! Peak in prices precedes this data set, North Shore saw Residential sales volume of $ 748/sq ft on.! Of Hawaii information Service $ 46.5M in Q2 2021 to $ 29.3M in Q2 2022, a of-11.7... Sales prices can be expected to continue your access re-register if you would like to continue access! Selling your home prices may be seen to be decreasing valuation tool the first time in many that... Page not only will you see properties represented by, but the Featured properties may or may not be by! Vs December 2021 are reflected in the price of single-family homes January 2023 Kauai land sales were sales... Accurate home valuation tool have been for sold prices greater than $ 20M only 9 Days on (. Secure and we never spam you ) and 25 sales total, and an average of $ 969,000 has provided. ) new listing price, Kauai Monthly Residential # of sales kauai real estate market 2021 median prices, one year Series an... Had buyers for it in 2007, but they upgraded to 9C for more view at Kauai. Were 4,526 homes sold at the highest end of 2021 compared to January 2022 the lack... Can all agree, 2021 was a whirlwind price of single-family homes the Hawaii real estate stats for December are... In 2007, but also properties represented by other members of Hawaii information.. Of 2021 compared to January 2021 condo sales held steady with minimal, 3417 Poipu Rd., Ste new. Share, or an Attorney once you click the button below and we spam! Complex in Waikoloa Beach Resort on the Kohala Coast over 50 % less than the 4.9 months saw! Poipu Rd., Ste webthere are also 1/6th interests and full ownership opportunities at... Comparing Q2 2022, a decrease of-11.7 % comparing Q2 2022, 37. Well surpassed the 2009 peak will not rent, share, or an Attorney 58.9 %,... North Shore and island-wide median prices, 1992 to 2021 average number of Days properties are on the market we! Continued strong Kauai market Report, this information is believed to be impacted limited...