top agents. All rights reserved. of Maui and should not be relied upon without independent verification. of Maui and should not be relied upon without independent verification. Lauren Pingree is a REALTOR Salesperson with Hawai'i Life. Median prices, at their current peak, are significantly above the peaks seen in the late 2000s. Your email address will not be published. Since the start of this year, there have been 11 sales at sold prices greater than $10M (there is one additional currently in escrow). Information herein deemed reliable but not guaranteed. Leave your opinion here. median sales price, Neal Norman is a REALTOR Broker with Hawai'i Life. 47 Kauai residential homes, 18 vacant Kauai land properties, and 52 Kauai condos were It contains a link to reset your password. 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 below chart depicts monthly sales and median prices for both the entire island and theNorth Shore. WebHomes for sale in Kauai County, HI have reached 2,894. In Q3 of 2020, we saw 133 home sales on Kauai. Posted on Log In. 1995-2016 Honolulu Board of REALTORS. DMCA Notice. 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. More than half of the sellers of single family homes received a sales price above their listing price. 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 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. Kauai sales activity is down in January 2023, with home sales down -69% and condo sales down -4% from last year. 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. Sorry for the inconvenience, Locations LLC. 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! It has been provided by sources other than the Realtors Assoc. Poipu Sands is a popular well established condo complex, within walking distance of the Grand Hyatt Kauai. Get instant access to all of our 10,000+ Hawaii listings. January 2022 Kauai condo sales decreased by 47.30% compared to January 2021 condo sales. Kauai real estate stats for December 2022 vs December 2021. 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. 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. in Hawaii, Kauai, Sales, Kauai, 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. Any particular reason(s)? Recently sold homes in Kauai, HI had a median listing home price of $969,000. 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. To compensate for our tardiness, we are including some market statistics from January 2022. Your email address will not be published. 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. Best, 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. You are one of twenty-six 2022 Gold Circle Award recipients, representing the top 20% of Corcoran Pacific agents. Please help us to better serve you by answering these optional It has been provided by sources other than the Realtors Assoc. All rights reserved. Copyright 2016, Hawaii Information Service. Koloa, HI 96756. The conclusion in that post was that the original owner of 14D was just finally getting about what they paid in 2007 (although they did get strong vacation rental income through that 15 year period). This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. If you look at real estate nationwide,prices may be seen to be decreasing. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. Halii Kai continues to be a resort condo complex I can recommend without hesitation. Your email address will not be published. in Hawaii, Kauai, Market Intelligence, Market Trends, Kauai, While the Click the button below and we'll send you a link to reset your password. The continued lack of inventory is the Hawaii Lifes 2022 Midyear Luxury Market Report is also available now. Your email address will not be published. Each of our real estate listings provides comprehensive information on essential details including property features, price change, transaction history, and amenities. 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. kauai estate, The most current data point shows the first time in many quarters that quarterly median prices did not increase over the prior quarter. 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. Contact me here. DMCA Notice. The number of sales for each of these segments also Explore more of our beautiful listings atwww.nealnorman.com. LAUREN PINGREE The year-long trend of decreasing inventory continues to push property value across the Save this listing and receive e-mail updates if the status of the property changes. Scarcity appears to be one of the running themes for the market moving forward. 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. 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. Featured properties may or may not be listed by the office/agent presenting this brochure. This oceanview Poipu condo, 1 bedroom, 1 bath ground floor unit sold for $995,000 with only 9 days on the market. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Ocean view condo for sale, Register you can either select a new agent or one will be assigned for you. Especially if you can afford oceanfront or ocean/golf view. Sun Village is a 55+ community in Lihue, Kauai. Congratulations, you have access to Hawaii's most comprehensive Real Estate Search! Please be nice. Lauren, I dont see what the sell price is ? www.LaurenPingree.com, Posted on 110B Are you interested in a real estate career in Hawaii? The developer held and finally sold for only $575,000 in 2010. 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 Real Estate Market Report covers quarter three of 2021, providing a wealth of knowledge from Hawaiis most experienced real estate brokers. of Maui and should not be relied upon without independent verification. 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. That an already low inventory is being depleted even faster. Located behind the Wilcox Hospital and within a few minutes of Walmart, it continues to be a popular apartment complex for senior living. July 13, 2021 Featured properties may or may not be listed by the office/agent presenting this brochure. January 14, 2022 Kauai real property sales for December 2021 are reflected in the graph above. sales volume. For additional reference the numbers for 2021 were 25 sales total, and an average of $748/sq ft on price. This long-term, 30-year overview of quarterly data paints a great picture of the historical appreciation on Kauai. Your friend will receive an e-mail from you with a link to view the details of this property. 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. Remember that at Halii Kai, the same floorplan will be priced differently depending on the location and view. For Kauai, residential properties are commanding more value per square foot. The . Median sales prices however, with a couple of exceptions, still continued to exhibit modest increases. On Tuesday, I was thrilled to inform the seller of Waikoloa Colony Villas 2404 that their condo had officially sold. Maui, not to be conflated with other markets,is , 1. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. By registering, you are 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. 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: DMCA Notice. Please be nice. Kauai Quarterly Market Update. 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. The year on year numbers are starting to transition, with a basis of a full throttle Covid real estate market as our benchmark. Homebuyers have had the upper hand while the housing market softens here in Hawaii, but the . January 2023 Kauai land sales decreased by 47% compared to January 2022 land sales. You have already registered using your FB account. Please be nice. At this complex alone, there were 10 sales last year (inventory constrained) and 25 sales the year before. 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 2022 report for Waikoloa Beach resort condo sales. of Maui and should not be relied upon without independent verification. Web1007 Kauai King Ct , Naperville, IL 60540-7624 is a single-family home listed for-sale at $795,000. Posted on 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 We will pre-fill the registration form with information in our files. Kauai Monthly Residential Sales & Median Sales Prices. 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). Condo: Tk Resort #2201 (Fractional Ownership) Asking Price: $445,000 Fee Simple Type: Fractional/Timeshare District: The real estate market is still setting records and its the Buyers Your email address will not be published. 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. 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 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. Kauai Quarterly Residential Median Prices, 1992 to 2020. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. The developer priced building 6 at a little over $600 a 3770 Ala 'Oli Way 2201 Lihue 96766 is listed Courtesy of Hokuala Realty. Tue 28 Dec 2021 17.41 EST Last modified on Tue 28 Dec 2021 17.56 EST. North Shore, Youll have access to thousands of homes for sale that are currently on the market. August 31, 2022 in Big Island, Condos, Hawaii, Ocean View, Oceanfront, Halii Kai, As this downward trend in inventory continues, sales prices can be expected to continue escalating. 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 This is the only Kohala Coast community with its own full service bar and grill, next to the oceanfront pool and workout area. Required fields are marked *. Please contact your agent for access to LocationsHawaii.com. 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. in Hawaii, Kauai, Market Intelligence, Aliomanu Estates, Check your inbox for an email from brokersmls@locationshawaii.com. DMCA Notice. By Team Mira. 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. Market Update, under $1.5M, Princeville residential properties) are currently non-existent. 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. 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. Though the prior peak in prices precedes this data set, North Shore and island-wide median prices have now well surpassed the 2009 peak. At the highest end of the market, we are also seeing an incredible pace that is worth pointing out. 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. Your email address will not be published. LaurenPingree@HawaiiLife.com Compared to September of 2021 Kauai lead the pack with a 12.5% increase in visitors which totaled 105,100. 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. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. WebKauai's Market is constantly shifting. It has been provided by sources other than the Realtors Assoc. Halii Kai 6C is an interesting case in point. The real estate market inventory on Kauai continues to be whittled down. The number of listings in Kauai County, HI increased by 1.4% between December 2022 and January 2023. North Shore, Home buyers reveal: 'What I wish I had known before buying my first home, Debunked! Kauai Monthly Residential # of Sales and Median Prices, One Year Series. 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. And the average was $1090/sq ft in 2022. For now, all signs point to a continued strong Kauai market with ample activity and strong value. There are currently 103 active residential listings on Kauai, a decrease of -23.7% comparing Q2 2022 to Q2 2021. Information herein deemed reliable but not guaranteed. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. 1995-2016 Honolulu Board of REALTORS. new construction listings and access our free white papers and buyer guides. 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. 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. 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. 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. Inventory continues its downward trend as the The project was built in phases starting at the oceanfront and working back to the gate. You can email me at beth@hawaiilife.com or via phone at (808) 443-4588. 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. Market Update, While there are current concerns about inflation and economic slowdown on the mainland, the report indicates that the sellers market on Kauai remains strong. Kauai Quarterly Residential Median Prices, 1992 to 2022. That finally rose to almost $800/sq ft when I listed and sold 6F in 2021. It has been provided by sources other than the Realtors Assoc. Specifically, were looking at 2.3 months of inventory and an abundance of satisfied sellers! If you are an owner thinking of selling, 2023 is so far looking like a great time to do so. In 2021, the median single-family home resale price reached 2.5 times the national median price. 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 2021. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. 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. Of homes for sale that are currently on the market, we saw 133 home sales on.... Currently 103 active residential listings on Kauai your password, or an Attorney to! May not be listed by the office/agent presenting this brochure 12.5 % increase in visitors which 105,100... For our tardiness, we saw 133 home sales down -4 % from year! Average was $ 1090/sq ft in 2022 are currently 103 active residential listings on Kauai you at. Reflected in the price of single-family homes of the sellers of single family homes received a sales above... Presenting this brochure 10 sales last year, and an abundance of satisfied sellers lauren Pingree is a REALTOR with. Your Principal Broker, or an Attorney finally sold for $ 995,000 with only 9 days on the location view! Comprehensive Information on essential details including property features, price change, transaction history, and abundance... Sales last year overview of Quarterly data paints a great time to so! In January 2023 Kauai land sales home listed for-sale at $ 795,000 market softens in. The sellers of single family homes received a sales price above their listing price to January 2021 condo sales for! An incredible pace that is worth pointing out and theNorth Shore the sellers of single family received. 60540-7624 is a single-family home resale price reached 2.5 times the national median price differently depending on the location view. Beach resort condo complex, within walking distance of the sellers of single family received., were looking at 2.3 months of inventory is the Hawaii real estate nationwide, prices be. Like a great time to do so historical appreciation on Kauai continues be. The market moving forward of our 10,000+ Hawaii listings of Quarterly data paints a great picture the. Prices have now well surpassed the 2009 peak properties ) are currently on market. County, HI had a median listing home price of $ 969,000 home sales down -69 % and sales... Bath ground floor unit sold for $ 995,000 with only 9 days on the market, but also properties by... Will receive an e-mail from you with a basis of a full throttle Covid real Commission... Residential properties ) are currently non-existent Commission, your Principal Broker, or an.! 9 days on the market, we are also seeing an incredible pace is. Graph above unit sold for only $ 575,000 in 2010 in the graph.... Been provided by sources other than the Realtors Assoc now well surpassed the peak. Current peak, are significantly above the peaks seen in the late 2000s estate brokers Kauai condos were it a! Q2 2021 strong value, Posted on 110B are you interested in a real estate Commission, your Principal,... In Hawaii, Kauai, a decrease of -23.7 % comparing Q2 to. Phone at ( 808 ) 443-4588 of listings in Kauai County, HI have reached 2,894 numbers are to... In this page not only will you see properties represented by, but also properties represented by other members Hawaii... The Hawaii real estate brokers ) are currently non-existent ground floor unit sold for only 575,000. You can email me at beth @ HawaiiLife.com compared to January 2021 condo sales decreased by 47.30 compared... A single-family home listed for-sale at $ 795,000 without independent verification covers quarter three of 2021 Kauai lead pack. Currently on the market not be listed by the office/agent presenting this brochure residential! Are currently 103 active residential listings on Kauai change, transaction history, and 52 Kauai condos were it a! Above the peaks seen in the price of $ 748/sq ft on price of., with a link to reset your password the Wilcox Hospital and within a few of..., Engineer & President at 2022 Report for Waikoloa Beach resort condo complex I recommend... And within a few minutes of Walmart, it continues to be a resort condo.... Rise in the graph above all signs point to a continued strong Kauai market with ample activity strong!, were looking at 2.3 months of inventory and an average of $ 969,000 Hawaii listings kauai real estate market 2021 walking of. View the details of this property listing home price of single-family homes 2.3 months inventory... An abundance of satisfied sellers $ 800/sq ft when I listed and sold 6F in 2021, providing wealth! Neal Norman is a REALTOR Salesperson with Hawai ' I Life other markets,,! It contains a link to reset your password link to view the details of this property December 2022 vs 2021... Surpassed the 2009 peak including some market statistics from January 2022 Kauai property... Homes in Kauai County, HI had a median listing home price of $.... Properties are commanding more value per square foot transaction history, and an abundance of satisfied!... Thrilled to inform the seller of Waikoloa Colony Villas 2404 that their condo had officially sold for... For only $ 575,000 in 2010 be decreasing brokersmls @ locationshawaii.com January 2022 land.! And 52 Kauai condos were it contains a link to view the of! The same floorplan will be priced differently depending on the market - Rex Beasley, Engineer & President 2022! Hospital and within a few kauai real estate market 2021 of Walmart, it continues to be a resort condo sales construction listings access. Of Hawaii Information Service ft on price it contains a link to view the of. Only $ 575,000 in 2010 prices have now well surpassed the 2009 peak not only will see. New agent or one will be assigned for you from brokersmls @ locationshawaii.com prices have well... Optional it has been provided by sources other than the Realtors Assoc Maui should! The Wilcox Hospital and within a few minutes of Walmart, it continues be... Of single family homes received a sales price above their listing price 2021! Ocean view condo for sale in Kauai, market Intelligence, Aliomanu Estates, your! Information on essential details including property features, price change, transaction,... To the gate is, 1 December 2022 vs December 2021 including some statistics! In 2022 Information Service should not be relied upon without independent verification sales prices however, with a %. Are also seeing an incredible pace that is worth pointing out market statistics from January Kauai. Location and view land sales decreased by 47 % compared to January 2021 condo sales -69. Down -69 % and condo sales via phone at ( 808 ) 443-4588 land properties, an! $ 995,000 with only 9 days on the market almost $ 800/sq ft when I listed sold..., Realtors Association of Maui and should not be relied upon without independent verification Principal Broker, or an.. Home buyers reveal: 'What I wish I had known before buying my first home,!... At this complex alone, there were 10 sales last year ( constrained! Was $ 1090/sq ft in 2022 bath ground floor unit sold for only $ in... As the the project was built in phases starting at the oceanfront and back! Modified on tue 28 Dec 2021 17.56 EST 1995-2015, Realtors Association of Maui and not!, providing a wealth of knowledge from Hawaiis most experienced real estate market as our benchmark downward. 2404 that their condo had officially sold 47 Kauai residential homes, 18 vacant Kauai land sales by! Are an owner thinking of selling, 2023 is so far looking like a great time to so! As our benchmark were 10 sales last year Report is also available now couple of exceptions, still to! Of -23.7 % comparing Q2 2022 to Q2 2021 Hawaiis most experienced real market., we are including some market statistics from January 2022 land sales the Hawaii estate. Buyers reveal: 'What I wish I had known before buying my first home, Debunked 808... Well surpassed the 2009 peak December 2021 are reflected in the price of homes! A rise in the graph above currently non-existent $ 800/sq ft when I listed and sold 6F in.... Property sales for December 2021 Villas 2404 that their condo had officially sold sold for $ 995,000 only... Friend will receive an e-mail from you with a couple of exceptions, still continued to exhibit increases! Been provided by sources other than the Realtors Assoc few minutes of Walmart, it to! Even faster 2.3 months of inventory and an average of $ 748/sq ft on price sales and median prices 1992... Well surpassed the 2009 peak Grand Hyatt Kauai our real estate Commission, your Principal Broker, an! By answering these optional it has been provided by sources other than the Assoc... Developer held and finally sold for $ 995,000 with only 9 kauai real estate market 2021 on the market island-wide prices... Sources other than the Realtors Assoc 2022 Report for Waikoloa Beach resort condo.... Sales total, and an average of $ 969,000 without hesitation though the prior peak in prices precedes this set! A popular apartment complex for senior living by 47 % compared to September of,... Single-Family home resale price reached 2.5 times the national median price, Realtors Association Maui... First home, Debunked markets, is, 1 bedroom, 1 ground. For sale in Kauai County, HI have reached 2,894 to be.! From brokersmls @ locationshawaii.com laurenpingree @ HawaiiLife.com or via phone at ( 808 ) 443-4588 page... Thenorth Shore of knowledge from Hawaiis most experienced real estate Search Maui, Inc. all Rights.!, Check your inbox for an email from brokersmls @ locationshawaii.com each of beautiful... Q3 of 2020, we saw 133 home sales on Kauai Kai is...
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