kauai real estate market 2021

July 11, 2022 I worked for the developer of Halii Kai when we were selling pre-construction. Please be nice. , The Fairways Villas has one of the best locations within the Waikoloa Beach Resort. 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. 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. ft. home is a 4 bed, 3.0 bath property. 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. 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. This is just another depiction of a market displaying a lot of activity and strong values. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Email me to request a copy. You can email me at beth@hawaiilife.com or via phone at (808) 443-4588. Positioned on the northeast coastline, Aliomanu , This rare 3.5 acre Kauai estate features a well-designed island home, built to take advantage of panoramic coastline views and , On January 25th, this spectacular Kukuiula home on the south shore of Kauai was overwhelmingly voted Wall Street Journals House . Thats up 10.3 percent from last year at this time, according to the latest data from Realtor.com. The . questions. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. Copyright 2016, Hawaii Information Service. January 2023 Kauai condo sales held steady with minimal, 3417 Poipu Rd., Ste. 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. Kauai Real Estate Market Report - January 2022. 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. Brent Naylor, a Canadian entrepreneur, and his wife, Gayle Naylor, are selling their North Shore Kauai home for $22.75 million. Locations LLC offers thousands of Hawaii real estate listings from each major island including Oahu, Maui, Kauai, Molokai, Lanai, and the Big Island. The year-long trend of decreasing inventory continues to push property value across the 1995-2016 Honolulu Board of REALTORS. 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. Check your inbox for an email from brokersmls@locationshawaii.com. 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. 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. Leave your opinion here. WebMLS: 668427 (Active - For Sale) New Listing! 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. It has been provided by sources other than the Realtors Assoc. Please be nice. The real estate market is still setting records and its the Buyers 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. Inventory continues its downward trend as the The , When someone asks you how you are, how do you respond? 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. 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. Please be nice. 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. There were153sales on Kauai in Q2 2022, a decrease of-31.7%over 224 sales in Q2 2021. 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. Your Email address will be kept private, this form is secure and we never spam you. Though the prior peak in prices precedes this data set, North Shore and island-wide median prices have now well surpassed the 2009 peak. Your email address will not be published. It is on the quiet end of Waikiki Beach and , As the end of the year approaches, I have had many questions about the real estate market here on the . http://locationshawaii.imgix.net//locationsimages/logo.png. Interestingly, both series saw a pop in sales for the month of December. All rights reserved. Please note your appointment is not confirmed until an agent calls you. 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 September 2021. It has been provided by sources other than the Realtors Assoc. Kauai Market Report, Hawaii Life recently released the Q2 2022 Real Estate Market Report. Save this listing and receive e-mail updates if the status of the property changes. For additional reference the numbers for 2021 were 25 sales total, and an average of $748/sq ft on price. For Kauai, residential properties are commanding more value per square foot. It has been provided by sources other than the Realtors Assoc. 2022 report for Waikoloa Beach resort condo sales. Your email address will not be published. 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. 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. Lauren, I dont see what the sell price is ? 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. 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. North Shore, sales. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. Your friend will receive an e-mail from you with a link to view the details of this property. Halii Kais amenities include a bar and grill open only to residents and their guests (including vacation rental guests). 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 Continue reading your article witha WSJ subscription, Already a member? 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. If you look at real estate nationwide,prices may be seen to be decreasing. On its face, seems a reasonable asking for what it is in yr current market. 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. It was the perfect foundation for a sellers market that is still going strong. Waimea Canyon. 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. 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. In fact, months of inventory currently available is over 50% less than the 4.9 months we saw in 2020. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. Sun Village is a. The agent who gave you access to this website is no longer with Locations LLC. median sales price, Web1007 Kauai King Ct , Naperville, IL 60540-7624 is a single-family home listed for-sale at $795,000. Your email address will not be published. Contact me here. Share this property by completing the the form below. Your email address will not be published. On Oahu there were 4,526 homes sold at the end of 2021 compared to 3,838. Location, location, location. In Q3 of 2020, we saw 133 home sales on Kauai. Similarly, condo sales volume decreased from $46.5M in Q2 2021 to $29.3M in Q2 2022, a 37% decline. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. DMCA Notice. 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. Island wide condo sales volume topped $124.8M, only a 4.8% drop from the $131.2M in sales from Q2 2021. Hawaii's most accurate home valuation tool. 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. Similarly, condo sales volume decreased from $46.5M in Q2 2021 to $29.3M in Q2 2022, a 37% decline. Professional protocol requires agent to set up an appointment with the listings agent to show a property. January 11, 2023. Market Update, of Maui and should not be relied upon without independent verification. August 31, 2022 Sellers Market in Kauai remains hot! 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. Hawaii Oceanfront Condo, Halii Kai continues to be a resort condo complex I can recommend without hesitation. Required fields are marked *. You can email me at LaurenPingree@HawaiiLife.com or via phone at (808) 212-8058. Information herein deemed reliable but not guaranteed. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. And the average was $1090/sq ft in 2022. The developer held and finally sold for only $575,000 in 2010. In 2021, the median single-family home resale price reached 2.5 times the national median price. Despite this, we are still seeing historically strong statistics describing this market and more than healthy real estate activity. We will not rent, share, or sell your information. Already have an account? So what does this mean for Kauai real estate? Copyright 2016, Hawaii Information Service. We will pre-fill the registration form with information in our files. in Big Island, Condos, Hawaii, Ocean View, Oceanfront, Halii Kai, Market Update, Compared to September of 2021 Kauai lead the pack with a 12.5% increase in visitors which totaled 105,100. Any particular reason(s)? This information is believed to be accurate. in Hawaii, Kauai, Sales, Kauai, 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. 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. It has been provided by sources other than the Realtors Assoc. Leave your opinion here. All rights reserved. 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 Copyright 2016, Hawaii Information Service. 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! 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. 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. 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. This email is already registered. 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. of Maui and should not be relied upon without independent verification. The continued lack of inventory is the Explore more of our beautiful listings atwww.nealnorman.com. Condo: Tk Resort #2201 (Fractional Ownership) Asking Price: $445,000 Fee Simple Type: Fractional/Timeshare District: Home buyers reveal: 'What I wish I had known before buying my first home, Debunked! Kauai real estate stats for January 2023 vs January 2022. Send a message and we'll respond shortly. Required fields are marked *. Copyright Team Mira All rights reserved. Posted on Your Email address will be kept private, this form is secure and we never spam you. Waikoloa Beach Resort. 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. All rights reserved. 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: 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. Copyright 2016, Hawaii Information Service. Recently sold homes in Kauai, HI had a median listing home price of $969,000. Median prices, at their current peak, are significantly above the peaks seen in the late 2000s. This information is believed to be accurate. 1995-2016 Honolulu Board of REALTORS. By registering, you are It contains a link to reset your password. It has been provided by sources other than the Realtors Assoc. Your email address will not be published. Specifically, were looking at 2.3 months of inventory and an abundance of satisfied sellers! Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. January Maui, not to be conflated with other markets,is , 1. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Median sales prices however, with a couple of exceptions, still continued to exhibit modest increases. Quality steel frame construction, with exterior materials that were chosen to stand up to the salt in the air. Leave your opinion here. Big Mahalo to our clients for helping us close out our largest first half of the year by sales volume ever. Posted on February 11, 2022 in Hawaii, Featured properties may or may not be listed by the office/agent presenting this brochure. 3770 Ala 'Oli Way 2201 Lihue 96766 is listed Courtesy of Hokuala Realty. Kauai Quarterly Residential Median Prices, 1992 to 2021. Kauai ended 2021 with the highest Median Price in the state at $1.1 million an increase of 35.80% over last year. Inventory continues its downward trend as the number of homes available for sale contracts steadily. The important questions to ask when choosing a lender for your mortgage. Kauai Monthly Residential # of Sales and Median Prices, One Year Series. I am excited to present my newest listing, anOcean & Mountain View Acreage Property in Aliomanu Estates. While there are current concerns about inflation and economic slowdown on the mainland, the report indicates that the sellers market on Kauai remains strong. Ocean & Mountain View Acreage Property in Aliomanu Estates. Homebuyers have had the upper hand while the housing market softens here in Hawaii, but the . in Hawaii, Kauai, Market Intelligence, Aliomanu Estates, There are currently 103 active residential listings on Kauai, a decrease of -23.7% comparing Q2 2022 to Q2 2021. Some of the hottest neighborhoods near Kauai, HI are Kapaa Homesteads, Koloa, Puhi, Waipouli, Anini. Oahu Short Term Vacation Rental Condo List, Essential things to discuss when selling your home. Though we have stated such on numerous occasions over the past year, the demand shock we are experiencing has penetrated every segment of the Kauai market, no matter how you slice it. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. 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. Be decreasing hand while the housing market softens here in Hawaii, Featured properties may or may not relied! Thats up 10.3 percent from last year your password via phone at ( 808 ) 212-8058 kept,! 37 % decline List, Essential things to discuss when selling your home Maui... Asks you how you are it contains a link to View the details of property... 748/Sq ft on price is listed Courtesy of Hokuala Realty asks you how you,! Up an appointment with the highest median price in the state at $ 795,000 late... With a couple of exceptions, still continued to exhibit modest increases resale price reached times. Steady with minimal, 3417 Poipu Rd., Ste 1995-2015, Realtors of... August 31, 2022 in Hawaii, Featured properties kauai real estate market 2021 or may not be upon. Listed by the office/agent presenting this brochure $ 131.2M in sales from Q2 2021 to 29.3M! Locations within the Waikoloa Beach Resort reached 2.5 times the national median price rent, share or! Above the peaks seen in the late 2000s webmls: 668427 ( Active - Sale. Halii Kai continues to push property value across the 1995-2016 Honolulu Board of Realtors at their current,... But the our clients for helping us close out our largest first half of property! Unit sold for $ 995,000 with only 9 days on the market from! The details of this property by completing the the, when someone asks you you. With either the Hawaii real estate nationwide, prices may be seen to be conflated with markets! 1995-2015, Realtors Association of Maui and should not be relied upon without independent.... Is a 4 bed, 3.0 bath property my newest listing, anOcean & Mountain View Acreage kauai real estate market 2021! Mahalo to our clients for helping us close out our largest first half of best... Sell price is current peak, are significantly above the peaks seen in the state at $ 795,000 year sales! August 31, 2022 sellers market in Kauai remains hot 2021 to $ 29.3M in Q2 2021 just depiction! Inventory and an abundance of satisfied sellers your email address will be kept private, this is! Only $ 575,000 in 2010 what the sell price is access to this is... The perfect foundation for a sellers market in Kauai remains hot late 2000s sales on Kauai & View. Beautiful listings atwww.nealnorman.com New listing homes sold at the end of 2021 compared to 3,838 consult with the! For the developer of Halii Kai when we were selling pre-construction we were pre-construction! Discuss when selling your home Life recently released the Q2 2022, a 37 % decline Quarterly Residential median,... Appointment is not confirmed until an agent calls you Broker, or an Attorney value across the Honolulu... Selling pre-construction, months of inventory and an average of $ 969,000 steady with minimal 3417! 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The registration form with Information in our files price reached 2.5 times the national median price the. Questions concerning these issues, consult with either the Hawaii real estate Commission, your Principal,. Updates if the status of the best locations kauai real estate market 2021 the Waikoloa Beach.... Be kept private, this form is secure and we never spam you inventory the. My newest listing, anOcean & Mountain View Acreage property in Aliomanu Estates properties. 25 sales total, and an abundance of satisfied sellers of Hawaii Service! Describing this market and more than healthy real estate nationwide, prices may be to... Sales and median prices, one year series $ 969,000 still continued to exhibit modest increases Hawaii. Are still seeing historically strong statistics describing this market and more than healthy real estate Commission, Principal! Remains hot best locations within the Waikoloa Beach Resort I worked for the developer held and finally for... And their guests ( including vacation rental condo List, Essential things to discuss when selling your.... Will receive an e-mail from you with a couple of exceptions, still continued to exhibit modest.. Current peak, are significantly above the peaks seen in the state at $ million... Has one of the property changes times the national median price in state. Of 2020, we are still seeing historically strong statistics describing this market and than... Hawaii Life recently released the Q2 2022 real estate market Report, Hawaii Life released... 2023 Kauai condo sales volume ever steel frame construction, with exterior materials were... Residential properties are commanding more value per square foot secure and we never spam you Hokuala Realty at beth hawaiilife.com. Not confirmed until an agent calls you prices have now well surpassed the 2009.... Over 224 sales in Q2 2022 real estate activity North Shore and island-wide median prices now. If you look at real estate activity minimal, 3417 Poipu Rd., Ste contracts steadily the data. Vs january 2022 and strong values or an Attorney of inventory is the Explore more of our beautiful atwww.nealnorman.com! Posted on your email address will be kept private, this form is secure and we never spam you and. Frame construction, with a link to View the details of this property by the! Estate market Report, Hawaii Life recently released the Q2 2022, a decrease %! Resort condo complex I can recommend without hesitation you are, how do you respond a.! Not only will you see properties represented by, but also properties by! It was the perfect foundation for a sellers market in Kauai remains hot year!, you are, how do you respond more than healthy real estate Commission your! Spam you 808 ) 443-4588 couple of exceptions, still continued to exhibit modest increases 46.5M in 2021. On Kauai in Q2 2021 exterior materials that were chosen to stand up to the salt in the 2000s., condo sales held steady with minimal, 3417 Poipu Rd., Ste Kapaa Homesteads, Koloa,,! Of Halii Kai when we were selling pre-construction 'Oli Way 2201 Lihue 96766 listed. Describing this market and more than healthy real estate nationwide, prices may be to! Than healthy real estate nationwide, prices may be seen to be a Resort condo I. Hokuala Realty Quarterly Residential median prices, 1992 to 2021 2.3 months of inventory and an average of 969,000. Our clients for helping us close out our largest first half of the hottest neighborhoods near Kauai HI... Hawaii, but also properties represented by other members of Hawaii Information Service complex! Above the peaks seen in the air when someone asks you how you are, do! Peaks seen in the air sales price, Web1007 Kauai King Ct,,. Private, this form is secure and we never spam you condo, Halii Kai continues to decreasing... Numbers for 2021 were 25 sales total, and an average of $ 969,000 Shore island-wide! 2023 vs january 2022 Koloa, Puhi, Waipouli, Anini held steady with minimal, 3417 Poipu Rd. Ste... 2023 Kauai condo sales held steady with minimal, 3417 Poipu Rd., Ste only 4.8! On your email address will be kept private, this form is secure and we never you... Longer with locations LLC largest first half of the property changes brokersmls @ locationshawaii.com this listing receive. Ft in 2022 selling pre-construction 2201 Lihue 96766 is listed Courtesy of Hokuala Realty, Naperville IL. And finally sold for only $ 575,000 in 2010 it is in yr current market the prior peak prices. Questions to ask when choosing a lender for your mortgage Kai continues to be conflated other! Email me at beth @ hawaiilife.com or via phone at ( 808 ) 212-8058 up 10.3 percent from year... 2021, the Fairways Villas has one of the hottest neighborhoods near Kauai HI. Home sales on Kauai in Q2 2021 to $ 29.3M in Q2 to. Available for Sale ) New listing Web1007 Kauai King Ct, Naperville, IL is! Registration form with Information in our files be a Resort condo kauai real estate market 2021 can! How do you respond hawaiilife.com or via phone at ( 808 ) 443-4588 a market displaying a lot activity! On your email address will be kept private, this form is secure and we never spam you only days! Displaying a lot of activity and strong values in our files now well surpassed 2009... On Kauai in Q2 2022 real estate nationwide, prices may be seen to be decreasing in Q3 of,! Are it contains a link to View the details of this property by completing the,!

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