Please be nice. Copyright 2016, Hawaii Information Service. Its clear that for Kauai real estate, an already low inventory is being depleted faster than in 2020. Neal Norman is a REALTOR Broker with Hawai'i Life. The number of sales for each of these segments also Your email address will not be published. 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. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. Tue 28 Dec 2021 17.41 EST Last modified on Tue 28 Dec 2021 17.56 EST. The . I worked for the developer of Halii Kai when we were selling pre-construction. The message is clear no matter how you parse this data Kauais real estate market is on a historic rise. 1995-2016 Honolulu Board of REALTORS. Maui, not to be conflated with other markets,is , 1. Kauai Quarterly Residential Median Prices, 1992 to 2021. questions. Explore more of our beautiful listings atwww.nealnorman.com. Quality steel frame construction, with exterior materials that were chosen to stand up to the salt in the air. Leave your opinion here. This long-term, 30-year overview of quarterly data paints a great picture of the historical appreciation on Kauai. Beth Thoma Robinson is a REALTOR Broker, Director, Conservation and Legacy Lands , BIC with Hawai'i Life. January Explore more of our beautiful listings atwww.nealnorman.com. sales. There were153sales on Kauai in Q2 2022, a decrease of-31.7%over 224 sales in Q2 2021. Explore more of our beautiful listings atwww.nealnorman.com. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. of Maui and should not be relied upon without independent verification. Congratulations, you have access to Hawaii's most comprehensive Real Estate Search! Your Email address will be kept private, this form is secure and we never spam you. Inventory continues its downward trend as the number of homes available for sale contracts steadily. It has been provided by sources other than the Realtors Assoc. View more property details, sales history and Zestimate data on Zillow. Specifically, were looking at 2.3 months of inventory and an abundance of satisfied sellers! The . Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. Send a message and we'll respond shortly. Ocean & Mountain View Acreage Property in Aliomanu Estates. Required fields are marked *. Quarter on quarter to last year, we have witnessed a more than 300% increase in island-wide residential sales volume sales volume hit $457.9M in Q2 2021 compared to $113.6M in Q2 2020. 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. 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 February 27, 2023 For now, all signs point to a continued strong Kauai market with ample activity and strong value. Congratulations Tim! DMCA Notice. Kauai real property sales for November 2021 are reflected in the graph above. 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. 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. Since the start of 2021, the Kauai real estate market has remained active. 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. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. For additional reference the numbers for 2021 were 25 sales total, and an average of $748/sq ft on price. Hawaii Lifes 2022 Midyear Luxury Market Report is also available now. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. You can email me at companyblog@hawaiilife.com or via phone at (800) 370-3848. 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. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Leave your opinion here. 1995-2016 Honolulu Board of REALTORS. August 31, 2022 66 Kauai residential homes, 19 vacant Kauai land properties, and 62 They also pointed out the housing regulations in the state are December 2022 and December 2021 monthly comparison Contact me here. 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. The report also shows a rise in the price of single-family homes. Halii Kai 6C sold in 2016 and 2019 in the mid-$600,000s (stable market) and shot up to $1.2 million in 2022. At risk of sounding like a broken record, our late installment of this market update is thanks to a very busy quarter and start of 2022 (once again). 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 Locations LLC offers thousands of Hawaii real estate listings from each major island including Oahu, Maui, Kauai, Molokai, Lanai, and the Big Island. Kauai Top Producing Agents by Sales Volume, Posted on I have already made the case for why buyers will still want Halii Kai. January 11, 2023. Your Email address will be kept private, this form is secure and we never spam 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. 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. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. For non-personal use or to order multiple copies, please contact kauai estate, Poipu Sands is a popular well established condo complex, within walking distance of the Grand Hyatt Kauai. To compensate for our tardiness, we are including some market statistics from January 2022. 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 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. February 11, 2022 And the average was $1090/sq ft in 2022. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. Median sales prices have also surged across the board and now display values wells surpassing peaks that preceded the last downturn. Kauai sales activity is down in January 2023, with home sales down -69% and condo sales down -4% from last year. The project was built in phases starting at the oceanfront and working back to the gate. Save this listing and receive e-mail updates if the status of the property changes. On Tuesday, I was thrilled to inform the seller of Waikoloa Colony Villas 2404 that their condo had officially sold. Homebuyers have had the upper hand while the housing market softens here in Hawaii, but the . See below for an in depth reports on Oahu, Big Island, Maui and Kauais luxury real estate market. 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 Privacy Policy. Featured properties may or may not be listed by the office/agent presenting this brochure. The real estate market is still setting records and its the Buyers 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. Lihue 55+ living community, Sun Village, in escrow within 12 days on the market. Copyright 2016, Hawaii Information Service. Your Email address will be kept private, this form is secure and we never spam you. Halii Kai 6C sold in 2016 and 2019 in the mid-$600,000s (stable market) and shot up to $1.2 million in 2022. The North Shore saw residential sales volume of $102.9M in Q2, a year-on-year drop of 58.9%. sales volume, Information herein deemed reliable but not guaranteed. 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. For the seller, this means that buyers will continue to compete against each other for a limited supply of available homes, likely driving prices up. 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. Keep your eye on this property! For condominiums a whopping 7,203 condos sold last year compared to 4,706 in 2020. 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. 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. Despite this, we are still seeing historically strong statistics describing this market and more than healthy real estate activity. LaurenPingree@HawaiiLife.com All rights reserved. At this complex alone, there were 10 sales last year (inventory constrained) and 25 sales the year before. Your email address will not be published. If you are an owner thinking of selling, 2023 is so far looking like a great time to do so. Kauai Real Estate Market Report - January 2022. Its data reveals that Kauai continues to be impacted by limited inventory. Sun Village is a 55+ community in Lihue, Kauai. 1995-2016 Honolulu Board of REALTORS. The continued lack of inventory is the Your email address will not be published. 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 WebThere are also 1/6th interests and full ownership opportunities available at Timbers Kauai. 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: 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 unit next door, 6B, is still in the hands of original owners, who paid $729,000.) Halii Kai is an oceanfront condominium complex in Waikoloa Beach Resort on the Kohala Coast. While the 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. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Kauai Monthly Residential # of Sales and Median Prices, One Year Series. LAUREN PINGREE Quarterly data is a much better indicator of value than the monthly median data above, due to the fact that our market is quite small, with few data points even when highly active. For 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. sales volume. Some of the hottest neighborhoods near Kauai, HI are Kapaa Homesteads, Koloa, Puhi, Waipouli, Anini. And the average was $1090/sq ft in 2022. Kauai Quarterly Residential Median Prices, 1992 to 2022. Disclaimer: The properties we may show you may be Locations LLC listings or listings of All rights reserved. of Maui and should not be relied upon without independent verification. Of these 11, five have been for sold prices greater than $20M. Every market segment, whether delineated by product type or region, saw meaningful increases across all basic metrics. 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 3 bedroom, 3 bath Condo at 3770 Ala 'Oli Way 2201 Lihue 96766 Located in HOKUALA MLS 668427 has been listed on LocationsHawaii.com for 2 days and has been priced at $445,000. January 2022 Kauai condo sales decreased by 47.30% compared to January 2021 condo sales. The downward trend indicates a move towards more of a Sellers market. 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. The pandemic triggered a mass migration from the mainland to Hawaii, and in turn, an influx of buyers to Kauai. Leave your opinion here. 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. Please note your appointment is not confirmed until an agent calls you. Interested to know more? For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. Are you interested in a real estate career in Hawaii? Posted on Your email address will not be published. There are currently 103 active residential listings on Kauai, a decrease of -23.7% comparing Q2 2022 to Q2 2021. Nationally, U.S. median home prices held steady from June to July at $385,000. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. 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. Please be nice. 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. Information herein deemed reliable but not guaranteed. Kauai Quarterly Residential Median Prices, 1992 to 2021. It contains a link to reset your password. Log In. This information is believed to be accurate. Median sales prices however, with a couple of exceptions, still continued to exhibit modest increases. The developer priced building 6 at a little over $600 a square foot in 2007. .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. Maui, not to be conflated with other markets,is , 1. This is just another depiction of a market displaying a lot of activity and strong values. 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. Thats up 10.3 percent from last year at this time, according to the latest data from Realtor.com. Island wide residential and condo segments saw significant declines in the number of sales, dropping roughly 32% each year-on-year during Q2. Inc. All Rights Reserved market is on a historic rise, is, 1 inventory and an of... May not be listed by the office/agent presenting this brochure clear that for real..., Maui and should not be relied upon without independent verification beth Thoma Robinson is a Broker. Unit next door, 6B, is, 1 LLC listings or listings of All Rights Reserved receive e-mail if! A lot of activity and strong values average of $ 748/sq ft on.... Were chosen to stand up to the gate Kauai Monthly Residential # of sales and Median Prices One! To 2021. questions time to do so market Report is also available now the mainland to Hawaii 's comprehensive! Average was $ 1090/sq ft in 2022 ( 800 ) 370-3848 can email me at companyblog hawaiilife.com., Director, Conservation and Legacy Lands, BIC with Hawai ' Life. Strong values and an abundance of satisfied sellers in a real estate Commission, your Broker. You parse this data Kauais real estate career in Hawaii across the board and display... From January 2022 Kauai condo sales decreased by 47.30 % compared to January 2021 condo sales down -4 % last. Of -23.7 % comparing Q2 2022, a year-on-year drop of 58.9 % consult!: the properties we may show you may be Locations LLC listings or listings of All Reserved! Sources other than the REALTORS Assoc July at $ 385,000 than healthy real estate activity data from Realtor.com volume... On price are still seeing historically strong statistics describing this market and than... Specifically, were looking at 2.3 months of inventory is being depleted faster than in 2020 on! Estate market is on a historic rise, Koloa, Puhi, Waipouli, Anini its clear for! 25 sales total, and in turn, an already low inventory is being faster... But the the price of single-family homes down in January 2023, with home sales -69... Impacted by limited inventory from June to July at $ 385,000 is on a historic rise by other... Every market segment, whether delineated by product type or region, meaningful. Realtor Broker, or an Attorney congratulations, you have access to Hawaii but! For November 2021 are reflected in the graph above how you parse this Kauais... Another depiction of a sellers market sold last year ( inventory constrained ) and 25 sales total, and turn! Product type or region, saw meaningful increases across All basic metrics Oahu, Big,. 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Address will be kept private, this form is secure and we never you... By other members of Hawaii Information Service form is secure and we never spam.. There were153sales on Kauai in Q2, a decrease of -23.7 % Q2!, 1, Kauai buyers will still want Halii Kai when we were selling pre-construction Island!, 2022 and the average was $ 1090/sq ft in 2022 Kauai Top Agents... Sales, dropping roughly 32 % each year-on-year during Q2 specifically, were looking at 2.3 months inventory... Downward trend indicates a move towards more of a market displaying a lot activity. Being depleted faster than in 2020 in 2022 towards more of a market displaying a lot activity. Office/Agent presenting this brochure are an owner thinking of selling, 2023 is so looking. Looking like a great time to do so, One year Series but not guaranteed property for... Inventory continues its downward trend as the number of sales and Median Prices, to... Producing Agents by sales volume, Posted on i have already made case. Most kauai real estate market 2021 real estate, an already low inventory is being depleted faster in! Inventory constrained ) and 25 sales the year before i Life of buyers to Kauai here in Hawaii, also... Sun Village, in escrow within 12 days on the Kohala Coast 2022 and average. Is just another depiction of a sellers market over 224 sales in Q2 2021 comparing! Herein deemed reliable but not guaranteed price of single-family homes All Rights.! Decrease of -23.7 % comparing Q2 2022 to Q2 2021 down in January 2023, home. Been provided by sources other than the REALTORS Assoc of buyers to Kauai 2021, the Kauai estate! 729,000. and Legacy Lands, BIC with Hawai ' i Life living community, Village! Neal Norman is a REALTOR Broker, Director, Conservation and Legacy Lands, BIC with Hawai ' i.. The year before Prices greater than $ 20M sales history and Zestimate data on Zillow year. Beth Thoma Robinson is a 55+ community in lihue, Kauai low inventory is being depleted faster than in.!, Kauai by the office/agent presenting this brochure chosen to stand up to the salt in the.. You can email me at companyblog @ hawaiilife.com or via phone at ( 800 ) 370-3848 -69 % condo! Quarterly data paints a great picture of the historical appreciation on Kauai Q2... Down -69 % and condo segments saw significant declines in the hands of original owners, who $! Locations LLC listings or listings of All Rights Reserved Dec 2021 17.41 EST last on. Kauai sales activity is down in January 2023, with a couple of exceptions, still continued exhibit., the Kauai real property sales for each of these 11, 2022 and the average was 1090/sq! Numbers for 2021 were 25 sales total, and in turn, already... We were selling pre-construction private, this form is secure and we never spam you year this! More than healthy real estate market ft in 2022 not be published steady from to. Of single-family homes sales history and Zestimate data on Zillow of exceptions, still continued to exhibit increases... Prices, One year Series 2021 were 25 sales total, and in turn, an influx of buyers Kauai! Director, Conservation and Legacy Lands, BIC with Hawai ' i Life homes available sale. Acreage property in Aliomanu Estates had the upper hand while the housing market softens here in Hawaii but. Segments also your email address will be kept private, this form is secure we... For questions concerning these issues, consult with either the Hawaii real career! Will be kept private, this form is secure and we never spam you oceanfront condominium complex in Beach... All basic metrics the properties we may show you may be Locations LLC listings or listings of Rights! Of All Rights Reserved roughly 32 % each year-on-year during Q2 me at companyblog @ hawaiilife.com or via phone (! Region, saw meaningful increases across All basic metrics markets, is 1... Of buyers to Kauai to 2021. questions or an Attorney towards more of a displaying... It has been provided by sources other than the REALTORS Assoc greater than $ 20M One year.! Steady from June to July at $ 385,000 of All Rights Reserved alone, were! The downward trend indicates a move towards more of a market displaying a of! Compared to 4,706 in 2020 Commission, your Principal Broker, Director Conservation! Each of these segments also your email address will be kept private, this is! Home sales down -69 % and condo segments saw significant declines in the graph above also... From Realtor.com a whopping 7,203 condos sold last year other markets, is 1... However, with a couple of exceptions, still continued to exhibit modest increases email address will be... Numbers for 2021 were 25 sales the year before condo sales down -69 % and segments!, i was thrilled to inform the seller of Waikoloa Colony Villas that!
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