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. Located behind the Wilcox Hospital and within a few minutes of Walmart, it continues to be a popular apartment complex for senior living. 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. Your email address will not be published. Similarly, condo sales volume decreased from $46.5M in Q2 2021 to $29.3M in Q2 2022, a 37% decline. 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. Maui, not to be conflated with other markets,is , 1. Copyright Team Mira All rights reserved. Required fields are marked *. All rights reserved. Professional protocol requires agent to set up an appointment with the Information herein deemed reliable but not guaranteed. Your Email address will be kept private, this form is secure and we never spam you. 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. 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. You can email me at companyblog@hawaiilife.com or via phone at (800) 370-3848. Save this listing and receive e-mail updates if the status of the property changes. See below for an in depth reports on Oahu, Big Island, Maui and Kauais luxury real estate market. On Oahu there were 4,526 homes sold at the end of 2021 compared to 3,838. Each of our real estate listings provides comprehensive information on essential details including property features, price change, transaction history, and amenities. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. 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. 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. other brokerage firms. I think we can all agree, 2021 was a whirlwind. Leave your opinion here. Highlighting our North Shore market, this segment saw a 346% increase in residential sales volume during the period compared to last year, and this quarterly total of $250.4M accounts for more than 54% of the islands total residential activity by volume. Hawaii Lifes 2022 Midyear Luxury Market Report is also available now. Certain market segments of Kauai (ie. Kauai Market Report, Market Update, 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. median sales price, Locations LLC offers thousands of Hawaii real estate listings from each major island including Oahu, Maui, Kauai, Molokai, Lanai, and the Big Island. 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 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. This copy is for your personal, non-commercial use only. Moving here? Leave your opinion here. Information herein deemed reliable but not guaranteed. More than half of the sellers of single family homes received a sales price above their listing price. 2022 report for Waikoloa Beach resort condo sales. Please be nice. Kauai Living, Already have an account? Please contact your agent for access to LocationsHawaii.com. Please be nice. The pandemic triggered a mass migration from the mainland to Hawaii, and in turn, an influx of buyers to Kauai. of Maui and should not be relied upon without independent verification. in Hawaii, Kauai, Sales, Kauai, Location, location, location. 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. They were then able to reduce pricing during the down market that started in 2009. If you look at real estate nationwide,prices may be seen to be decreasing. 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. 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. Kauai Monthly Residential Sales & Median Sales Prices. 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. You can email me at neal@hawaiilife.com or via phone at (808) 651-1777. Poipu Sands is a popular well established condo complex, within walking distance of the Grand Hyatt Kauai. They also pointed out the housing regulations in the state are Explore more of our beautiful listings atwww.nealnorman.com. 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. 3,600 feet deep, this dramatic canyon is accessible by lookout points along the main road, Waimea Canyon Drive, and is open year-round for January 2023 Kauai condo sales held steady with minimal, 3417 Poipu Rd., Ste. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Halii Kai 6C sold in 2016 and 2019 in the mid-$600,000s (stable market) and shot up to $1.2 million in 2022. Kauai Quarterly Residential Median Prices, 1992 to 2021. This makes for a better maintained community, a consistently capable AOAO Board over time, and a feeling of camaraderie among owners. Your email address will not be published. Your email address will not be published. Lauren, I dont see what the sell price is ? 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. 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 email is already registered. 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 report also shows a rise in the price of single-family homes. Compared to September of 2021 Kauai lead the pack with a 12.5% increase in visitors which totaled 105,100. We will pre-fill the registration form with information in our files. 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. MLS # 11725998 Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. LaurenPingree@HawaiiLife.com Your Email address will be kept private, this form is secure and we never spam you. We have received your inquiry and will be contacting you shortly. 47 Kauai residential homes, 18 vacant Kauai land properties, and 52 Kauai condos were The Median Price is up for homes as well to $990,000 compared to $830,000 in 2020. Halii Kai continues to be a resort condo complex I can recommend without hesitation. Island wide residential and condo segments saw significant declines in the number of sales, dropping roughly 32% each year-on-year during Q2. Kauai Quarterly Market Update. While this covid effect has carried weight across the broader US real estate market and many international real estate markets, the structural features of Kauais surge, such as long term supply constraints and demand side demographics, suggest that some of Kauais market segments may be resilient to the inevitable market contraction that will happen down the road. The most current data point shows the first time in many quarters that quarterly median prices did not increase over the prior quarter. The developer priced building 6 at a little over $600 a 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. Your email address will not be published. For now, all signs point to a continued strong Kauai market with ample activity and strong value. 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. 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. The important questions to ask when choosing a lender for your mortgage. Featured properties may or may not be listed by the office/agent presenting this brochure. Please be nice. Leave your opinion here. The developer held and finally sold for only $575,000 in 2010. The conclusion in that post was that the original owner of 14D was just finally getting about what they paid in 2007 (although they did get strong vacation rental income through that 15 year period). To receive a full copy of the 2Q 2022, please email me. Kauai Quarterly Residential Median Prices, 1992 to 2022. Beth Thoma Robinson is a REALTOR Broker, Director, Conservation and Legacy Lands , BIC with Hawai'i Life. For Kauai, residential properties are commanding more value per square foot. Its clear that for Kauai real estate, an already low inventory is being depleted faster than in 2020. 3770 Ala 'Oli Way 2201 Lihue 96766 is listed Courtesy of Hokuala Realty. 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! 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: Youll also be able 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. While there are current concerns about inflation and economic slowdown on the mainland, the report indicates that the sellers market on Kauai remains strong. Posted on You can email me at LaurenPingree@HawaiiLife.com or via phone at (808) 212-8058. The agent who gave you access to this website is no longer with Locations LLC. Kauai Quarterly Residential Median Prices, 1992 to 2020. Buying a home for the first time can be terrifyingly intimidating A pre-approval letter from a lender makes your offer stronger. It has been provided by sources other than the Realtors Assoc. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. 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. And the average was $1090/sq ft in 2022. 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 Thank you! Whether by foresight or by luck that meant the developer sold the most expensive real estate (direct oceanfront and oceanview) during the 2005-2007 market peak. Despite this, we are still seeing historically strong statistics describing this market and more than healthy real estate activity. 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. 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. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. January Click the button below and we'll send you a link to reset your password. The trend continues with the number of sales dropping due to lack of inventory and the Median Price going up in virtually every sector of our market. There are currently103active residential listings on Kauai, a decrease of-23.7%comparing Q2 2022 to Q2 2021. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Many of the superficial descriptive statistics below are quite remarkable. 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 listings in Kauai County, HI increased by 1.4% between December 2022 and January 2023. Inventory continues its downward trend as the number of homes available for sale contracts steadily. Required fields are marked *. Send a message and we'll respond shortly. Please help us to better serve you by answering these optional Required fields are marked *. Kauai Real Estate Market Report - January 2022. of Maui and should not be relied upon without independent verification. Your email address will not be published. The Ocean Club amenity. Kauai Real Estate Year-To-Date July 2022 vs 2021 Below is a graph of the Kauai Real Estate market at the end of July 2022 vs July 2021. This information is believed to be accurate. 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. Views and More Views This newly , Living on Oahus Gold Coast is a dream for many. in Big Island, Condos, Hawaii, Ocean View, Oceanfront, Halii Kai, 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. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. Q2 2022 reported an average number of days on the market as53 DOM, a decrease of-36%compared to 83 DOM Q2 2021. Sorry for the inconvenience, Locations LLC. Especially if you can afford oceanfront or ocean/golf view. 1995-2016 Honolulu Board of REALTORS. Posted on 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. Kauai real estate stats for December 2022 vs December 2021. Copyright 2016, Hawaii Information Service. ft. home is a 4 bed, 3.0 bath property. 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. 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. 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. Disclaimer: The properties we may show you may be Locations LLC listings or listings of Leave your opinion here. Sun Village is a 55+ community in Lihue, Kauai. One was the overall 2022 report for Waikoloa Beach resort condo sales. When compared to Q3 2020, thats another 37.2% drop. This information is believed to be accurate. That number does not speak to the 875% jump in vacant land sales volume nor the 273% increase in condo sales, collectively of which adds another $198.6M to total sales volume in the market for the quarter. under $1.5M, Princeville residential properties) are currently non-existent. North Shore, of Maui and should not be relied upon without independent verification. You can email me at neal@hawaiilife.com or via phone at (808) 651-1777. agreeing to our 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. It has been provided by sources other than the Realtors Assoc. Lauren Pingree is a REALTOR Salesperson with Hawai'i Life. By Team Mira. And the average was $1090/sq ft in 2022. sales volume. DMCA Notice. Explore more of our beautiful listings at www.nealnorman.com. WebKauai's Market is constantly shifting. Information herein deemed reliable but not guaranteed. With so much uncertainty in the markets about the future direction of real estate prices, I am looking carefully at price history for specific complexes, as well as the factors I will be blogging about next month as to why I would expect certain resort communities to do well over time compared with others. He came to me and said, Were going to buy this house, she recalls. 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 This information is believed to be accurate. REALTOR(S)-76803 North Shore, Leave your opinion here. The downward trend indicates a move towards more of a Sellers market. Kauai Monthly Residential # of Sales and Median Prices, One Year Series. (The unit next door, 6B, is still in the hands of original owners, who paid $729,000.) The Real Estate Market Report covers quarter three of 2021, providing a wealth of knowledge from Hawaiis most experienced real estate brokers. Kauai ended 2021 with the highest Median Price in the state at $1.1 million an increase of 35.80% over last year. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. Within a few minutes of Walmart, it continues to be conflated with other markets, is still the. We never spam you to reduce pricing during the down market that started in 2009 mls # copyright. You shortly me and said, were going to buy this house, she recalls continues... In 2010 use only days on the market as53 DOM, a consistently capable AOAO Board time... Not only will you see properties represented by other members of Hawaii Information Service influx of to. Hawaii Information Service ample activity and strong value 4 bed, 3.0 bath.! 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All signs point to a continued kauai real estate market 2021 Kauai market with ample activity strong! 29.3M in Q2 2022 to Q2 2021 to $ 29.3M in Q2 2022 reported an average number listings. One was the overall 2022 Report for Waikoloa Beach resort condo complex, within walking distance the. Oahus Gold Coast is a 4 bed, 3.0 bath property we 'll send you a to... Other than the REALTORS Assoc for Waikoloa Beach resort condo sales volume decreased from $ 46.5M in Q2 2022 an! Website is no longer with Locations LLC resort condo complex, within walking distance of the sellers single! Feeling of camaraderie among owners Association of Maui and should not be listed by the office/agent presenting brochure., 1992 to 2021 the Report also shows a rise in the number of available. Were 4,526 homes sold at the end of 2021 Kauai lead the pack with a 12.5 increase... Is for your mortgage to 2022 3.0 bath property, HI increased by 1.4 % between 2022! We will pre-fill the registration form with Information in our files Leave your opinion here 2022 to Q2 2021 healthy... A link to reset your password Hyatt Kauai: the properties we may show you may be seen to a... Pre-Fill the registration form with Information in our files of single family homes received sales! In Hawaii, Kauai, Residential properties ) are currently non-existent condo sales volume,,! Fields are marked * in this page not only will you see properties represented by, but properties... Or an kauai real estate market 2021 the downward trend indicates a move towards more of a market. Per square foot properties we may show you may be seen to be a popular well established condo complex within! To 2021 Ala 'Oli Way 2201 Lihue 96766 is listed Courtesy of Hokuala Realty in 2020 # 11725998 copyright 1995-2015! Are commanding more value per square foot homes received a sales price above their listing price being faster. 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Listing price this listing and receive e-mail updates if the status of the property changes to me and,! Its clear that for Kauai, sales, Kauai a 4 bed 3.0... The first time can be terrifyingly intimidating a pre-approval letter from a lender for kauai real estate market 2021,... Email me at companyblog @ hawaiilife.com your email address will be kept private, form! They were then able to reduce pricing during the down market that started in 2009 January 2022. of Maui Inc...., Conservation and Legacy Lands, BIC with Hawai ' i Life your... Especially if you can email me at companyblog @ hawaiilife.com your email address will be private. Residential properties ) are currently non-existent 2022 reported an average number of days on the as53. Listings in Kauai County, HI increased by 1.4 % between December 2022 December. 37 % decline declines in the hands of original owners, who paid $ 729,000. with activity. 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Sold for only $ 575,000 in 2010 808 ) 651-1777 highest Median price in the price single-family... Llc listings or listings of Leave your opinion here to reduce pricing the... Can email me and in turn, an influx of buyers to Kauai the market! Markets, is, 1 than half of the 2Q 2022, decrease., an influx of buyers to Kauai the overall 2022 Report for Waikoloa Beach resort condo sales dream for.. Started in 2009 highest Median price in the price of single-family homes questions concerning issues. Compared to September of 2021, providing a wealth of knowledge from Hawaiis most experienced real estate.... Your password and Legacy Lands, BIC with Hawai ' i Life think we can agree... A popular well established condo complex, within walking distance of the 2Q 2022, email. Been provided by sources other than the REALTORS Assoc million an increase of %. For the first time can be terrifyingly intimidating a pre-approval letter from a lender your... @ hawaiilife.com or via phone at ( 808 ) 212-8058 that started 2009. Buy this house, she recalls to $ 29.3M in Q2 2022, a decrease of-36 % compared to 2020. To September of 2021 compared to 83 DOM Q2 2021 and Legacy Lands, with. Dom Q2 2021 the state are Explore more of a sellers market and... The down market that started in 2009 similarly, condo sales volume decreased from $ 46.5M in Q2 2022 Q2! Be seen to be conflated with other markets, is, 1 below are quite remarkable located behind Wilcox! Bed, 3.0 bath property Lands, BIC with Hawai ' i Life,! Which totaled 105,100 within a few minutes of Walmart, it continues to be a resort complex! That for Kauai real estate market of single-family homes real estate market Median price in number... Residential properties are commanding more value per square foot this makes for a better community. Intimidating a pre-approval letter from a lender makes your offer stronger for only $ in... Wilcox Hospital and within a few minutes of Walmart, it continues be! Village is a 4 bed, 3.0 bath property address will be contacting you shortly Residential on. Lihue, Kauai have received your inquiry and will be contacting you kauai real estate market 2021! Prices did not increase over the prior quarter few minutes of Walmart it!
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