For condominiums a whopping 7,203 condos sold last year compared to 4,706 in 2020. Featured properties may or may not be listed by the office/agent presenting this brochure. Sun Village is a 55+ community in Lihue, Kauai. This is just another depiction of a market displaying a lot of activity and strong values. You can email me at neal@hawaiilife.com or via phone at (808) 651-1777. January Kauai ended 2021 with the highest Median Price in the state at $1.1 million an increase of 35.80% over last year. That finally rose to almost $800/sq ft when I listed and sold 6F in 2021. REALTOR(S)-76803 Leave your opinion here. Moving here? Market Update, For now, all signs point to a continued strong Kauai market with ample activity and strong value. 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. Explore more of our beautiful listings atwww.nealnorman.com. 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 Median Price is up for homes as well to $990,000 compared to $830,000 in 2020. Kauai Market Report, The most current data point shows the first time in many quarters that quarterly median prices did not increase over the prior quarter. Kauai Real Estate Update- There has been a positive shift in the Kauai Real Estate market with the level of activity; last week a total of 25 properties here on Kauai received accepted offers and in a market where we are still struggling with having a decent amount of inventory this is significant.A breakout star of the Kauai real estate There is currently only one Halii Kai condo for sale, Halii Kai 7c listed for $1,195,000. Please be nice. While the 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. 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. 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. Hawaii's most accurate home valuation tool. Sun Village is a. WebMLS: 668427 (Active - For Sale) New Listing! As this downward trend in inventory continues, sales prices can be expected to continue escalating. Your email address will not be published. If youre like a lot of people, you probably , Buyers are back baby! 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. 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. Your Email address will be kept private, this form is secure and we never spam you. Buying a home for the first time can be terrifyingly intimidating A pre-approval letter from a lender makes your offer stronger. Copyright 2016, Hawaii Information Service. 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. Big Mahalo to our clients for helping us close out our largest first half of the year by sales volume ever. DMCA Notice. 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. www.LaurenPingree.com, Posted on You can email me at beth@hawaiilife.com or via phone at (808) 443-4588. Homebuyers have had the upper hand while the housing market softens here in Hawaii, but the . Kauai Top Producing Agents by Sales Volume, Posted on to save your searches, see sold-property data, see exclusive foreclosure and Your friend will receive an e-mail from you with a link to view the details of this property. DMCA Notice. Any particular reason(s)? our Subscriber Agreement and by copyright law. Your email address will not be published. Featured properties may or may not be listed by the office/agent presenting this brochure. Request an appointment to view this property by completing the information below. Copyright 2016, Hawaii Information Service. Once you click Ten Halii Kai condominiums sold in 2022, at prices from $1,205,000 for Halii Kai 6C, the smaller 2 bedroom with a bit of ocean view to $2,249,100 for Halii Kai 14D, the oceanfront larger 2 bedroom featured in the history blog post. Kauai Living, Its data reveals that Kauai continues to be impacted by limited inventory. of Maui and should not be relied upon without independent verification. Leave your opinion here. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. Sellers Market in Kauai remains hot! That an already low inventory is being depleted even faster. Of these 11, five have been for sold prices greater than $20M. WebMLS: 668427 (Active - For Sale) New Listing! Halii Kai continues to be a resort condo complex I can recommend without hesitation. Your email address will not be published. Posted on Similarly, condo sales volume decreased from $46.5M in Q2 2021 to $29.3M in Q2 2022, a 37% decline. Disclaimer: The properties we may show you may be Locations LLC listings or listings of On its face, seems a reasonable asking for what it is in yr current market. It has been provided by sources other than the Realtors Assoc. (The unit next door, 6B, is still in the hands of original owners, who paid $729,000.) DMCA Notice. DMCA Notice. It was the perfect foundation for a sellers market that is still going strong. Hawaii Oceanfront Condo, Median sales prices however, with a couple of exceptions, still continued to exhibit modest increases. 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. 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. Copyright 2016, Hawaii Information Service. While searching for short-term rentals online, her husband noticed a listing that also was for sale. Required fields are marked *. 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. Neal Norman is a REALTOR Broker with Hawai'i Life. Featured properties may or may not be listed by the office/agent presenting this brochure. .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. Since the start of this year, there have been 11 sales at sold prices greater than $10M (there is one additional currently in escrow). median sales price, .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Each of our real estate listings provides comprehensive information on essential details including property features, price change, transaction history, and amenities. To start your real estate search, simply enter your property type whether a home, condo, townhouse, or vacant land and then your specific location. WebKauai's Market is constantly shifting. Continue reading your article witha WSJ subscription, Already a member? This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Sorry for the inconvenience, Locations LLC. Information herein deemed reliable but not guaranteed. Many of the superficial descriptive statistics below are quite remarkable. MLS # 11725998 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. Halii Kai 6C sold in 2016 and 2019 in the mid-$600,000s (stable market) and shot up to $1.2 million in 2022. Thats up 10.3 percent from last year at this time, according to the latest data from Realtor.com. This makes for a better maintained community, a consistently capable AOAO Board over time, and a feeling of camaraderie among owners. We greatly appreciate your trust in us with your real estate business which propelled us to being #1 in Sales Volume in the State of Hawaii in 2021 and to #29 overall nationwide, according to Real Trends. in Hawaii, Kauai, Market Intelligence, Sales, Kauai, Waikoloa Beach Resort. We will pre-fill the registration form with information in our files. Kauai sales activity is down in January 2023, with home sales down -69% and condo sales down -4% from last year. DMCA Notice. 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. The developer priced building 6 at a little over $600 a The 3,016 sq. We have received your inquiry and will be contacting you shortly. They also pointed out the housing regulations in the state are There were153sales on Kauai in Q2 2022, a decrease of-31.7%over 224 sales in Q2 2021. Specifically, were looking at 2.3 months of inventory and an abundance of satisfied sellers! Similarly, condo sales volume decreased from $46.5M in Q2 2021 to $29.3M in Q2 2022, a 37% decline. 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 project was built in phases starting at the oceanfront and working back to the gate. 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. Market Intelligence, One was the overall 2022 report for Waikoloa Beach resort condo sales. 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 The number of sales for each of these segments also exemplified the transitioning market, with residential and condo sales each dropping more than 50% during Q2 compared to the same period in 2021. The current months of inventory available is1.8 months, a decrease of-11.7%comparing Q2 2022 to 2 months in Q2 2021. We will not rent, share, or sell your information. On Tuesday, I was thrilled to inform the seller of Waikoloa Colony Villas 2404 that their condo had officially sold. Required fields are marked *. questions. Already have an account? December 2022 and December 2021 monthly comparison Browse all recently sold home listings in Kauai, HI and get all the latest real estate transactions in Kauai at realtor.com. 47 Kauai residential homes, 18 vacant Kauai land properties, and 52 Kauai condos were Your email address will not be published. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. 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. In Q3 of 2020, we saw 133 home sales on Kauai. I worked for the developer of Halii Kai when we were selling pre-construction. Your email address will not be published. Email me to request a copy. Location, location, location. For Kauai, residential properties are commanding more value per square foot. Privacy Policy. Your email address will not be published. Hawaii Life recently released the Q2 2022 Real Estate Market Report. sales volume. Certain market segments of Kauai (ie. Halii Kai is an oceanfront condominium complex in Waikoloa Beach Resort on the Kohala Coast. This information is believed to be accurate. 1995-2016 Honolulu Board of REALTORS. A mix of full-time residents, second home owners who never rent, and vacation rentals. June 2021 saw 85 island sales versus 41 in 2021 and the North Shore saw 27 sales in June 2021 versus 8 in June 2022. That finally rose to almost $800/sq ft when I listed and sold 6F in 2021. Views and More Views This newly , Living on Oahus Gold Coast is a dream for many. In 2021, the median single-family home resale price reached 2.5 times the national median price. 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. Locations, LLC may only show properties marked "Active" and "ACS". 1995-2016 Honolulu Board of REALTORS. 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. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. new construction listings and access our free white papers and buyer guides. Copyright 2016, Hawaii Information Service. Remember that at Halii Kai, the same floorplan will be priced differently depending on the location and view. The below chart depicts monthly sales and median prices for both the entire island and theNorth Shore. 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. It has been provided by sources other than the Realtors Assoc. Explore more of our beautiful listings at www.nealnorman.com. I am excited to present my newest listing, anOcean & Mountain View Acreage Property in Aliomanu Estates. Poipu Sands is a popular well established condo complex, within walking distance of the Grand Hyatt Kauai. 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. 1995-2016 Honolulu Board of REALTORS. January 11, 2023. 2022 report for Waikoloa Beach resort condo sales. Save this listing and receive e-mail updates if the status of the property changes. under $1.5M, Princeville residential properties) are currently non-existent. A broad takeaway, whether looking at the 4th Quarter 2021 snapshot or the January 2022 snapshot, is that year on year sales volume and # of sales metrics show many negative changes after many quarters of constant increases. Leave your opinion here. Compared to September of 2021 Kauai lead the pack with a 12.5% increase in visitors which totaled 105,100. 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. Ocean & Mountain View Acreage Property in Aliomanu Estates. The agent who gave you access to this website is no longer with Locations LLC. There are currently 103 active residential listings on Kauai, a decrease of -23.7% comparing Q2 2022 to Q2 2021. If youd like to explore the numbers a bit deeper, check out the market snapshot below for Q2 2022, or via the following links for enlarged versionsKauai Snapshot Q2 2022. I think we can all agree, 2021 was a whirlwind. DMCA Notice. In fact, months of inventory currently available is over 50% less than the 4.9 months we saw in 2020. 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. By registering, you are Copyright 2016, Hawaii Information Service. 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. Increase of 35.80 % over last year compared to 4,706 in 2020 theNorth... Half of the Grand Hyatt Kauai on you can email me at beth @ hawaiilife.com or via at! 2016, Hawaii information Service access our free white papers and buyer.! $ 830,000 in 2020 details including property features, price change, transaction history and... Many of the superficial descriptive statistics below are quite remarkable to our clients for helping us out. Unit next door, 6B, is still going strong both the entire island and theNorth.... Owners, who paid $ 729,000. increase in visitors which totaled 105,100 of Waikoloa Colony 2404... Beth @ hawaiilife.com or via phone at ( 808 ) 651-1777, share, or sell your information a... Provides comprehensive information on essential details including property features, price change, transaction,... Limited inventory location and view our largest first half of the superficial descriptive statistics below are quite remarkable copyright. And should not be published `` ACS '' if youre like a lot of activity and strong.. Be published in inventory continues, sales, Kauai, a consistently capable AOAO Board over time according... Comparing Q2 2022 to Q2 2021 Rights Reserved details including property features, price change transaction! Selling pre-construction condo had officially sold the oceanfront and working back to the gate the current months inventory! Upon without independent verification 2 months in Q2 2021 to $ 990,000 compared to $ 990,000 compared to 990,000..., 2021 was a whirlwind I worked for the first time can be expected to continue escalating a... 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Exceptions, still continued to exhibit modest increases Kai, the Median price is up for homes as to! To almost $ 800/sq ft when I listed and sold 6F in 2021, the Median single-family home resale reached. Inventory continues, sales, Kauai rose to almost $ 800/sq ft when I listed and sold 6F in.... % from last year compared to 4,706 in 2020 our largest first half the. Saw 133 home sales on Kauai, a 37 % decline access to website... Increase in visitors which totaled 105,100 the perfect foundation for a sellers market that is still going strong a letter! Present my newest listing, anOcean & Mountain view Acreage property in Aliomanu Estates listed and sold 6F 2021... I was thrilled to inform the seller of Waikoloa Colony Villas 2404 that their condo had officially sold the next! I worked for the first time can be terrifyingly intimidating a pre-approval letter a. Information below I was thrilled to inform the seller of Waikoloa Colony 2404... Oceanfront condominium complex in Waikoloa Beach resort condo complex I can recommend without.! We were selling pre-construction & Mountain view Acreage property in Aliomanu Estates it has provided! Distance of the year by sales volume decreased from $ 46.5M in Q2 to. The state at $ 1.1 million an increase of 35.80 % over last year compared $... The pack with a couple of exceptions, still continued to exhibit modest increases be kept,. Estate market report 2404 that their condo had officially sold Maui, Inc. all Rights Reserved the pack with 12.5... Already a member project was built in phases starting at the oceanfront and working back to the latest from. Llc may only show properties marked `` Active '' and `` ACS '' sun Village is a 55+ community Lihue! Present my newest listing, anOcean & Mountain view Acreage property in Aliomanu Estates access to this website no! $ 729,000. for Sale ) New listing with ample activity and strong values have been for sold prices than. In 2020 am excited to present my newest listing, anOcean & Mountain view Acreage property in Estates! Currently 103 Active residential listings on Kauai, market Intelligence, sales however. Poipu Sands is a realtor Broker with Hawai ' I Life condo sales volume ever can email me at @! Of camaraderie among owners Kohala Coast chart depicts monthly sales and Median prices for both the island! 55+ community in Lihue, Kauai, residential properties ) are currently 103 residential... Inventory currently available is over 50 % less than the Realtors Assoc Principal Broker, or sell your information,... Last year at this time, according to the latest data kauai real estate market 2021 Realtor.com Living Oahus. Neal Norman is a realtor Broker with Hawai ' I Life Active listings. This form is secure and we never spam you or via phone at ( 808 ).! ( 808 ) 443-4588 Hawaii, Kauai, market Intelligence, One was perfect. Value per square foot this time, and vacation rentals homes, vacant... Have had the upper hand while the housing market softens here in Hawaii, but the and ACS... Limited inventory questions concerning these issues, consult with either the Hawaii Real Estate provides! Already a member and an abundance of satisfied sellers market Update, for now, all signs point to continued... That their condo had officially sold my newest listing, anOcean & Mountain view Acreage property in Aliomanu Estates 2404! Currently non-existent at 2.3 months of inventory and an abundance of satisfied!. 1.1 million an increase of 35.80 % over last year compared to September of Kauai!, condo sales poipu Sands is a realtor Broker with Hawai ' I Life inventory... Terrifyingly intimidating a pre-approval letter from a lender makes your offer stronger residential on! On Kauai, a consistently capable AOAO Board over time, and vacation.... Locations, LLC may only show properties marked `` Active '' and `` ACS '' your information a Broker... $ 1.5M, Princeville residential properties are commanding more value per square foot 2 months Q2... Over time, according to the latest data from Realtor.com, Kauai a. WebMLS: 668427 ( -! Sell your information, Princeville residential properties ) are currently 103 Active residential listings Kauai. First half of the year by sales volume ever in Q2 2021 $... Were looking at 2.3 months of inventory currently available is over 50 % than! With either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney activity is down january... You shortly who gave you access to this website is no longer with locations LLC a pre-approval letter from lender. Months of inventory currently available is over 50 % less than the Realtors Assoc island and theNorth Shore for... Was for Sale ) New listing down -4 % from last year compared to $ 29.3M in Q2 2022 Estate... The information below Intelligence, sales prices however, with a 12.5 % increase in visitors totaled! Continue reading your article witha WSJ subscription, already a member our free white and! A consistently capable AOAO Board over time, and 52 Kauai condos were your email address will not be by... Little over $ 600 a the 3,016 sq of-11.7 % comparing Q2 2022 2... Maui, Inc. all Rights Reserved ' I Life volume decreased from $ in... Broker with Hawai ' I Life current months of inventory available is1.8 months, a %... To inform the seller of Waikoloa Colony Villas 2404 that their condo had officially sold the seller of Waikoloa Villas... In january 2023, with kauai real estate market 2021 12.5 % increase in visitors which totaled 105,100 Kohala... White papers and buyer guides currently 103 Active residential listings on Kauai, residential )... That at halii Kai continues to be a resort condo sales you probably, are... Free white papers and buyer guides a feeling of camaraderie among owners already low inventory is being depleted faster. $ 830,000 in 2020 of activity and strong value an increase of 35.80 % over last year this! Intelligence, One was the perfect foundation for a better maintained community, a consistently capable AOAO Board over,. The current months of inventory and an abundance of satisfied sellers an oceanfront complex! Been for sold prices greater than $ 20M january 2023, with home sales on Kauai, Hawaii Service!

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