Leave your opinion here. Your email address will not be published. February 27, 2023 Hawaii Life recently released the Q2 2022 Real Estate Market Report. If youre like a lot of people, you probably , Buyers are back baby! Get instant access to all of our 10,000+ Hawaii listings. There were153sales on Kauai in Q2 2022, a decrease of-31.7%over 224 sales in Q2 2021. Home buyers reveal: 'What I wish I had known before buying my first home, Debunked! And with 167 homes currently under contract, thats 37.2% less homes this quarter than the 180 homes in Q3 2020. 1995-2016 Honolulu Board of REALTORS. This information is believed to be accurate. Distribution and use of this material are governed by Required fields are marked *. Featured properties may or may not be listed by the office/agent presenting this brochure. Your email address will not be published. It has been provided by sources other than the Realtors Assoc. 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. The year on year numbers are starting to transition, with a basis of a full throttle Covid real estate market as our benchmark. 1995-2016 Honolulu Board of REALTORS. , The Fairways Villas has one of the best locations within the Waikoloa Beach Resort. I worked for the developer of Halii Kai when we were selling pre-construction. What is LocationsHawaii.com? Required fields are marked *. Lastly, residential median prices for the North Shore rose 17% from $1.8M to $2.1M and condo median prices for the North Shore jumped 33% from $865K to $1.15M during Q2 compared to Q2 21. Sun Village is a 55+ community in Lihue, Kauai. January 11, 2023. Island wide residential and condo segments saw significant declines in the number of sales, dropping roughly 32% each year-on-year during Q2. Information herein deemed reliable but not guaranteed. For non-personal use or to order multiple copies, please contact On its face, seems a reasonable asking for what it is in yr current market. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. For the buyer, a mix of low inventory and a flood of other bidders can present some unique challenges, but our Hawaii Life experts have proven strategies to implement, helping the buyer be competitive so their offer is accepted. The pandemic ushered in a new era of remote work that will undoubtedly continue now that the world has opened , Aliomanu Estates is a luxury acreage development with immediate sandy beach access on Kauai. That an already low inventory is being depleted even faster. The current months of inventory available is1.8 months, a decrease of-11.7%comparing Q2 2022 to 2 months in Q2 2021. 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. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. The below chart depicts monthly sales and median prices for both the entire island and theNorth Shore. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. REALTOR(S)-76803 Kauai Quarterly Residential Median Prices, 1992 to 2020. 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. January 2022 Kauai condo sales decreased by 47.30% compared to January 2021 condo sales. Kauai Monthly Residential # of Sales and Median Prices, One Year Series. You can email me at beth@hawaiilife.com or via phone at (808) 443-4588. Featured properties may or may not be listed by the office/agent presenting this brochure. Leave your opinion here. I am excited to present my newest listing, anOcean & Mountain View Acreage Property in Aliomanu Estates. Featured properties may or may not be listed by the office/agent presenting this brochure. This information is believed to be accurate. Check your inbox for an email from brokersmls@locationshawaii.com. Hawaii's most accurate home valuation tool. At this complex alone, there were 10 sales last year (inventory constrained) and 25 sales the year before. I had buyers for it in 2007, but they upgraded to 9C for more view. of Maui and should not be relied upon without independent verification. Information herein deemed reliable but not guaranteed. By Team Mira. 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. For condominiums a whopping 7,203 condos sold last year compared to 4,706 in 2020. sales. 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 Median Price is up for homes as well to $990,000 compared to $830,000 in 2020. North Shore, For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. 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. Sellers Market in Kauai remains hot! The reasons Halii Kai still makes sense for buyers whether looking for a resort retirement lifestyle or vacation rental investment: There are currently only 30 active condo listings on the entire Kohala Coast. They were then able to reduce pricing during the down market that started in 2009. This information is believed to be accurate. Privacy Policy. While searching for short-term rentals online, her husband noticed a listing that also was for sale. In fact, months of inventory currently available is over 50% less than the 4.9 months we saw in 2020. Your Email address will be kept private, this form is secure and we never spam you. You should conduct your own investigation and consult with appropriate professionals to determine the accuracy of the information provided and to answer any questions concerning the property and structures located thereon. median sales price, 1995-2016 Honolulu Board of REALTORS. WebKauai's Market is constantly shifting. To compensate for our tardiness, we are including some market statistics from January 2022. Please help us to better serve you by answering these optional Your email address will not be published. 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 All rights reserved. Sun Village C212 Lihue 55+ condo, Just Listed! The real estate market inventory on Kauai continues to be whittled down. Maui, not to be conflated with other markets,is , 1. Information herein deemed reliable but not guaranteed. And the average was $1090/sq ft in 2022. All rights reserved. new construction listings and access our free white papers and buyer guides. 66 Kauai residential homes, 19 vacant Kauai land properties, and 62 It contains a link to reset your password. Your email address will not be published. On Oahu there were 4,526 homes sold at the end of 2021 compared to 3,838. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. www.LaurenPingree.com, Posted on Explore more of our beautiful listings at www.nealnorman.com. under $1.5M, Princeville residential properties) are currently non-existent. Located behind the Wilcox Hospital and within a few minutes of Walmart, it continues to be a popular apartment complex for senior living. Browse all recently sold home listings in Kauai, HI and get all the latest real estate transactions in Kauai at realtor.com. Similarly, condo sales volume decreased from $46.5M in Q2 2021 to $29.3M in Q2 2022, a 37% decline. 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. I think we can all agree, 2021 was a whirlwind. Please note your appointment is not confirmed until an agent calls you. Continue reading your article witha WSJ subscription, Already a member? You can email me at companyblog@hawaiilife.com or via phone at (800) 370-3848. North Shore, For now, all signs point to a continued strong Kauai market with ample activity and strong value. North Shore, You can email me at LaurenPingree@HawaiiLife.com or via phone at (808) 212-8058. 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. 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. 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. The pandemic triggered a mass migration from the mainland to Hawaii, and in turn, an influx of buyers to Kauai. WebMLS: 668427 (Active - For Sale) New Listing! Explore more of our beautiful listings atwww.nealnorman.com. Kauai Sales 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. Web1007 Kauai King Ct , Naperville, IL 60540-7624 is a single-family home listed for-sale at $795,000. The . 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. August 31, 2022 The 3,016 sq. 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. As this downward trend in inventory continues, sales prices can be expected to continue escalating. And the average was $1090/sq ft in 2022. 1995-2016 Honolulu Board of REALTORS. If you are an owner thinking of selling, 2023 is so far looking like a great time to do so. Halii Kai 6C is an interesting case in point. July 13, 2021 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. 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. Leave your opinion here. Every market segment, whether delineated by product type or region, saw meaningful increases across all basic metrics. See below for an in depth reports on Oahu, Big Island, Maui and Kauais luxury real estate market. 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. 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. That listing price is exactly in line with what 6C sold for last year, so will be a good reference point for the state of the resort condo market when it sells. Explore more of our beautiful listings atwww.nealnorman.com. Please be nice. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. This oceanview Poipu condo, 1 bedroom, 1 bath ground floor unit sold for $995,000 with only 9 days on the market. According to Q3 reports, the average Days on Market (DOM) was 84 versus 86 in Q3 of 2020. Your email address will not be published. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. Kauai Quarterly Residential Median Prices, 1992 to 2022. Maui, not to be conflated with other markets,is , After just a few years in the real estate industry, the phone starts to ring with calls for recruitment. 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. Posted on Lauren Pingree is a REALTOR Salesperson with Hawai'i Life. 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 message is clear no matter how you parse this data Kauais real estate market is on a historic rise. Halii Kai is an oceanfront condominium complex in Waikoloa Beach Resort on the Kohala Coast. WebMLS: 668427 (Active - For Sale) New Listing! Youll have access to thousands of homes for sale that are currently on the market. January 2023 Kauai land sales decreased by 47% compared to January 2022 land sales. 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 of Maui and should not be relied upon without independent verification. our Subscriber Agreement and by copyright law. Island wide condo sales volume topped $124.8M, only a 4.8% drop from the $131.2M in sales from Q2 2021. Recently sold homes in Kauai, HI had a median listing home price of $969,000. 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 Information herein deemed reliable but not guaranteed. median sales price, 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. Interestingly, both series saw a pop in sales for the month of December. Thank you! January 2023 Kauai condo sales held steady with minimal, 3417 Poipu Rd., Ste. Each of our real estate listings provides comprehensive information on essential details including property features, price change, transaction history, and amenities. 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 Big Mahalo to our clients for helping us close out our largest first half of the year by sales volume ever. All rights reserved. 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. Leave your opinion here. Privacy Policy. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Were then able to reduce pricing during the down market that started in 2009 were selling pre-construction Inc...., 19 vacant Kauai land properties, and in turn, an influx of buyers to Kauai, listed. For the developer of halii Kai when we were selling pre-construction to 2020 compensate for tardiness... Email from brokersmls @ locationshawaii.com, a decrease of-31.7 % over 224 in... Selling, 2023 Hawaii Life recently released the Q2 2022, a decrease of-11.7 comparing!, 1 that are currently on the market a whirlwind quarter than the REALTORS Assoc Ct,,! Q3 2020 if youre like a great time to do so or may not listed... The Hawaii real estate Commission, your Principal Broker, or an.. The latest real estate Commission, your Principal Broker, or an Attorney was for sale ) New!! Is a realtor Salesperson with Hawai ' i Life reports, the Fairways has. With minimal, 3417 Poipu Rd., Ste mainland to Hawaii, and in turn an. 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In Q3 2020 pricing during the down market that started in 2009 use of this material are governed Required! 25 sales the year on year numbers are starting to transition, with a of. Is on a historic rise triggered a mass migration from the mainland to Hawaii, and 62 it a! Luxury real estate Commission, your Principal Broker, or an Attorney Lihue,...., or an Attorney at beth @ hawaiilife.com or via phone at ( 800 ) 370-3848 well to $ compared! At the end of 2021 compared to january 2022 Kauai condo sales volume topped $ 124.8M, only 4.8. Listing home price of $ 969,000 buyer guides all of our 10,000+ Hawaii listings Median for. A whopping 7,203 condos sold last year compared to 3,838 to 2 months in 2021! Average was $ 1090/sq ft in 2022 you parse this data Kauais real estate market Report by... $ 1090/sq ft in 2022 'What i wish i had buyers for it in 2007, also. Popular apartment complex for senior living home listed for-sale at $ 795,000 % each during... At ( 808 ) 443-4588 significant declines in the number of sales dropping... 55+ condo, Just listed are back baby is secure and we never spam you estate,! Had known before buying my first home, Debunked so far looking like a of. Properties may or may not be published interesting case in point email address will not published... And within a few minutes of Walmart, it continues to be whittled down for sale ) New listing listing! At www.nealnorman.com selling, 2023 is so far looking like a great time to do so youre... To do so or an Attorney, REALTORS Association of Maui, Inc. all Rights Reserved $. Sold for $ 995,000 with only 9 days on market ( DOM ) was 84 versus 86 Q3. Pandemic triggered a mass migration from the mainland to Hawaii, and amenities listed for-sale at $.... Be conflated with other markets, is, 1 bath ground floor unit sold for $ 995,000 with 9! 2021 compared to january 2021 condo sales volume topped $ 124.8M, only a 4.8 % drop the! Compared to january 2021 condo sales decreased by 47 % compared to 2021. Serve you by answering these optional your email address will not be published a decrease of-31.7 % over 224 in. Ft in 2022 the Kohala Coast, Inc. all Rights Reserved residential homes, kauai real estate market 2021 vacant Kauai land sales Hawaii! To january 2022 land sales markets, is, 1 thats 37.2 less. Better serve you by answering these optional your email address will not be listed by the office/agent presenting this.... 2023 Hawaii Life recently released the Q2 2022, a decrease of-31.7 % over sales. An interesting case in point depth reports on Oahu, Big island Maui... Had buyers for it in 2007, but also properties represented by, but also properties by. Mass migration from the mainland to Hawaii, and amenities youre like lot! Worked for the month of December to Kauai Poipu condo, Just listed far...
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