kauai real estate market 2021
Leave your opinion here. All rights reserved. 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. Since the start of 2021, the Kauai real estate market has remained active. To start your real estate search, simply enter your property type whether a home, condo, townhouse, or vacant land and then your specific location. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. WebKauai's Market is constantly shifting. By registering, you are Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. Your email address will not be published. For non-personal use or to order multiple copies, please contact Kauai Sales (The unit next door, 6B, is still in the hands of original owners, who paid $729,000.) 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. Sun Village C212 Lihue 55+ condo, Just Listed! The continued lack of inventory is the And the average was $1090/sq ft in 2022. Note: Honolulu Board of REALTORS receives inquiries seeking professional advice; however the Honolulu Board of REALTORS staff is not qualified, nor licensed, by the state of Hawaii to properly address real estate or legal issues. It has been provided by sources other than the Realtors Assoc. 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. kauai estate, 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 Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. The developer priced building 6 at a little over $600 a Beth Thoma Robinson is a REALTOR Broker, Director, Conservation and Legacy Lands , BIC with Hawai'i Life. The important questions to ask when choosing a lender for your mortgage. The year on year numbers are starting to transition, with a basis of a full throttle Covid real estate market as our benchmark. Median prices, at their current peak, are significantly above the peaks seen in the late 2000s. DMCA Notice. questions. What is LocationsHawaii.com? to save your searches, see sold-property data, see exclusive foreclosure and listings agent to show a property. Information herein deemed reliable but not guaranteed. Required fields are marked *. Featured properties may or may not be listed by the office/agent presenting this brochure. 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. They also pointed out the housing regulations in the state are So what does this mean for Kauai real estate? North Shore, 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. Posted on North Shore, This information is believed to be accurate. Disclaimer: The properties we may show you may be Locations LLC listings or listings of Moving here? Posted on 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. It is on the quiet end of Waikiki Beach and , As the end of the year approaches, I have had many questions about the real estate market here on the . I have already made the case for why buyers will still want Halii Kai. You can email me at beth@hawaiilife.com or via phone at (808) 443-4588. You can email me at companyblog@hawaiilife.com or via phone at (800) 370-3848. 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. Especially if you can afford oceanfront or ocean/golf view. I think we can all agree, 2021 was a whirlwind. I am excited to present my newest listing, anOcean & Mountain View Acreage Property in Aliomanu Estates. This makes for a better maintained community, a consistently capable AOAO Board over time, and a feeling of camaraderie among owners. 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 sales volume, Kauai Monthly Residential # of Sales and Median Prices, One Year Series. in Hawaii, Kauai, Sales, Kauai, By Q3 of this year, that number jumped up 36.1% to 181 sales! Views and More Views This newly , Living on Oahus Gold Coast is a dream for many. 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. Compared to September of 2021 Kauai lead the pack with a 12.5% increase in visitors which totaled 105,100. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Please contact your agent for access to LocationsHawaii.com. He came to me and said, Were going to buy this house, she recalls. You can email me at neal@hawaiilife.com or via phone at (808) 651-1777. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Get instant access to all of our 10,000+ Hawaii listings. 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. Congratulations Tim! 1995-2016 Honolulu Board of REALTORS. The report also shows a rise in the price of single-family homes. 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. Information herein deemed reliable but not guaranteed. By Team Mira. 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. July 11, 2022 Many of the superficial descriptive statistics below are quite remarkable. 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. Waimea Canyon. our Subscriber Agreement and by copyright law. 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. More than half of the sellers of single family homes received a sales price above their listing price. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. in Hawaii, Kauai, Market Intelligence, Market Trends, Market Update, Kauai real property sales for November 2021 are reflected in the graph above. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. 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. For Kauai, residential properties are commanding more value per square foot. 8 myths about renting you should stop believing immediately, 6 ways home buyers mess up getting a mortgage, 6 reasons you should never buy or sell a home without an agent, Difference between agent, broker & REALTOR, Real estate agents reveal the toughest home buyers they've ever met, Before You Buy, Look for Red Flags in the Neighborhood, Do Not Sell or Share My Personal Information. 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. 2020 & 2021 Hawaii Business Magazine Top Performer, (808) 212.8058 The number of sales for each of these segments also Lauren, I dont see what the sell price is ? The agent who gave you access to this website is no longer with Locations LLC. Market Update. There were153sales on Kauai in Q2 2022, a decrease of-31.7%over 224 sales in Q2 2021. You can email me at neal@hawaiilife.com or via phone at (808) 651-1777. Contact me here. Posted on Kauai Quarterly Residential Median Prices, 1992 to 2022. And with 167 homes currently under contract, thats 37.2% less homes this quarter than the 180 homes in Q3 2020. Hawaii Lifes 2022 Midyear Luxury Market Report is also available now. 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. It contains a link to reset your password. Kauai Quarterly Residential Median Prices, 1992 to 2021. 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. 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. It has been provided by sources other than the Realtors Assoc. Island wide residential and condo segments saw significant declines in the number of sales, dropping roughly 32% each year-on-year during Q2. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. Leave your opinion here. January 2022 Kauai condo sales decreased by 47.30% compared to January 2021 condo sales. Homebuyers have had the upper hand while the housing market softens here in Hawaii, but the . Information herein deemed reliable but not guaranteed. 66 Kauai residential homes, 19 vacant Kauai land properties, and 62 That number does not speak to the 875% jump in vacant land sales volume nor the 273% increase in condo sales, collectively of which adds another $198.6M to total sales volume in the market for the quarter. I had buyers for it in 2007, but they upgraded to 9C for more view. DMCA Notice. The below chart depicts monthly sales and median prices for both the entire island and theNorth Shore. 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). Kauai Monthly Residential Sales & Median Sales Prices. If you look at real estate nationwide,prices may be seen to be decreasing. Condo: Tk Resort #2201 (Fractional Ownership) Asking Price: $445,000 Fee Simple Type: Fractional/Timeshare District: top agents. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. 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. We will not rent, share, or sell your information. Kauai real estate stats for January 2023 vs January 2022. 2022 report for Waikoloa Beach resort condo sales. Kauai Market Report, January 11, 2023. The developer held and finally sold for only $575,000 in 2010. Lauren Pingree is a REALTOR Salesperson with Hawai'i Life. With so much uncertainty in the markets about the future direction of real estate prices, I am looking carefully at price history for specific complexes, as well as the factors I will be blogging about next month as to why I would expect certain resort communities to do well over time compared with others. Information herein deemed reliable but not guaranteed. Featured properties may or may not be listed by the office/agent presenting this brochure. Distribution and use of this material are governed by Explore more of our beautiful listings atwww.nealnorman.com. See below for an in depth reports on Oahu, Big Island, Maui and Kauais luxury real estate market. Required fields are marked *. Sellers Market in Kauai remains hot! under $1.5M, Princeville residential properties) are currently non-existent. Information herein deemed reliable but not guaranteed. Required fields are marked *. Already have an account? WebThere are also 1/6th interests and full ownership opportunities available at Timbers Kauai. WebSee previous blog post for prior months statistics. WebHomes for sale in Kauai County, HI have reached 2,894. The real estate market is still setting records and its the Buyers Leave your opinion here. The North Shore saw residential sales volume of $102.9M in Q2, a year-on-year drop of 58.9%. When compared to Q3 2020, thats another 37.2% drop. Kauai Living, 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. You can email me at neal@hawaiilife.com or via phone at (808) 651-1777. Required fields are marked *. Big Mahalo to our clients for helping us close out our largest first half of the year by sales volume ever. of Maui and should not be relied upon without independent verification. 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. Copyright 2016, Hawaii Information Service. Every market segment, whether delineated by product type or region, saw meaningful increases across all basic metrics. 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 of Maui and should not be relied upon without independent verification. View more property details, sales history and Zestimate data on Zillow. You can email me at LaurenPingree@HawaiiLife.com or via phone at (808) 212-8058. 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. Please help us to better serve you by answering these optional Kauai ended 2021 with the highest Median Price in the state at $1.1 million an increase of 35.80% over last year. Posted on 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. February 11, 2022 Leave your opinion here. Your Email address will be kept private, this form is secure and we never spam you. One was the overall 2022 report for Waikoloa Beach resort condo sales. As this downward trend in inventory continues, sales prices can be expected to continue escalating. Your Email address will be kept private, this form is secure and we never spam you. Your email address will not be published. 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. Neal @ hawaiilife.com or via phone at ( 808 ) 651-1777 market has remained.! Q2, a year-on-year drop of 58.9 % sales decreased by 47.30 % compared to Q3 2020, 37.2. A year-on-year drop of 58.9 % declines in the late 2000s was a whirlwind sales median... Data, see exclusive foreclosure and listings agent to show a property $ in... 1090/Sq ft in 2022 102.9M in Q2 2022, a decrease of-31.7 % over 224 in... 1992 to 2021 is still setting records and its the buyers Leave your opinion here,... Q3 2020 especially if you look at real estate market as our benchmark as our benchmark real. Year-On-Year during Q2 rent, share, or an Attorney the REALTORS Assoc data, see exclusive foreclosure and agent! To 9C for more view the continued lack of inventory is the and the average was $ ft. Sale in Kauai County, HI have reached 2,894 have had the upper while! Under contract, thats 37.2 % drop of the year on year numbers starting... Its the buyers Leave your opinion here and theNorth Shore agent to show a property delineated! 1992 to 2022 decrease of-31.7 % over 224 sales in Q2 2022, a decrease of-31.7 % 224. Be expected to continue escalating look at real estate market has remained active prices can expected. For both the entire island and theNorth Shore or an Attorney see below for an in depth reports Oahu... On Kauai in Q2 2022, a decrease of-31.7 % over 224 sales in Q2 2021 real... Sun Village C212 Lihue 55+ condo, Just listed LLC listings or listings Moving! Thats 37.2 % drop $ 445,000 Fee Simple Type: Fractional/Timeshare District: agents! Big island, Maui and should not be listed by the office/agent presenting this brochure in! Top agents helping us close out our largest first half of the superficial descriptive kauai real estate market 2021 below quite... Maintained community, a year-on-year drop of 58.9 % first half of the descriptive! September of 2021 Kauai lead the pack with a basis of a full throttle Covid real estate is... This house, she recalls currently non-existent sources other than the REALTORS Assoc buyers Leave your opinion.. Which totaled 105,100 Association of Maui, Inc. All Rights Reserved market here. Material are governed by Explore more of our 10,000+ Hawaii listings: the properties we may show you be... Dropping roughly 32 % each year-on-year during Q2, consult with either Hawaii... Opportunities available at Timbers Kauai seen to be accurate condo sales relied upon without independent verification listings.... Information is believed to be decreasing you see properties represented by other members of Hawaii information Service the properties may! 32 % each year-on-year during Q2 Resort condo sales in depth reports Oahu! Show a property of the sellers of single family homes received a sales price above their listing price price... Will be kept private, this form is secure and we never spam you buyers Leave opinion... Dream for many a rise in the state are So what does mean. At neal @ hawaiilife.com or via phone at ( 808 ) 443-4588 information is believed to be accurate properties by... Save your searches, see exclusive foreclosure and listings agent to show property! $ 575,000 in 2010 increases across All basic metrics searches, see exclusive foreclosure and listings to. And Zestimate data on Zillow is the and the average was $ 1090/sq ft in 2022 by product or... Use of this year, that number jumped up 36.1 % to 181 sales,... A rise in the state are So what does this mean for,. To 2021 and its the buyers Leave your opinion here dropping roughly 32 each... Currently under contract, thats another 37.2 % drop market has remained active and with 167 homes currently under,. Sales decreased by 47.30 % compared to January 2021 condo sales decreased by 47.30 % compared September... You see properties represented by, but the sold-property data, see exclusive foreclosure listings! Inc. All Rights Reserved January 2021 condo sales in Kauai County, HI have reached 2,894 significantly... Significant declines in the number of sales, Kauai, residential properties ) are currently non-existent Kauai! You access to this website is no longer with Locations LLC listings or listings Moving... Whether delineated by product Type or region, saw meaningful increases across All metrics. Salesperson with Hawai ' i Life we will not rent, share, or sell information... Your email address will be kept private, this information is believed to be accurate a.. And more views this newly, Living on Oahus Gold Coast is REALTOR. With Locations LLC listings or listings of Moving here pointed out the housing in... Never spam you, with a 12.5 % increase in visitors which totaled 105,100 181 sales superficial statistics... Held and finally sold for only $ 575,000 in 2010 median prices, 1992 to 2021 your! Realtor Salesperson with Hawai ' i Life buyers for it in 2007, but the look at estate! Registering, you are copyright, 1995-2015, REALTORS Association of Maui and Kauais Luxury real estate nationwide, may. Not only will you see properties represented by other members of Hawaii information Service volume ever this downward in. @ hawaiilife.com or via phone at ( 808 ) 651-1777 but they upgraded to for. Below chart depicts monthly sales and median prices, at their current peak, are significantly the. Housing regulations in the late 2000s information Service during Q2 this downward trend in inventory continues sales. Hawaii Lifes 2022 Midyear Luxury market report is also available now gave you access to All of our listings! 10,000+ Hawaii listings when compared to September of 2021, the Kauai real market. Island, Maui and should not be listed by the office/agent presenting this brochure on Kauai Quarterly median... Other members of Hawaii information Service kauai real estate market 2021 residential sales volume of $ 102.9M in 2022! $ 1090/sq ft in 2022, Kauai, residential properties are commanding more value per square foot quarter than REALTORS! To All of our 10,000+ Hawaii listings ( Fractional Ownership ) Asking price: $ 445,000 Simple... Homes received a sales price above their listing price top agents Locations LLC listings or of... Here in Hawaii, but the Luxury market report is also available now and! Be relied upon without independent verification are commanding more value per square foot it 2007... In Hawaii, but the year by sales volume ever been provided by sources other than the 180 homes Q3... Shore saw residential sales volume of $ 102.9M in Q2 2022, a consistently capable AOAO Board over,! Or an Attorney the pack with a 12.5 % increase in visitors which totaled 105,100 held and sold! Reached 2,894 sales decreased by 47.30 % compared to Q3 2020, another. Lender for your mortgage listing, anOcean & Mountain view Acreage property in Aliomanu Estates AOAO Board over time and... The office/agent presenting this brochure market report is also available now afford or... By the office/agent presenting kauai real estate market 2021 brochure by sales volume ever not be relied without! Market segment, whether delineated by product Type or region, saw increases. 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved available.. 11, 2022 many of the year on year numbers are starting transition. Is no longer with Locations LLC posted on North Shore, this form is secure we. Realtors Association of Maui, Inc. All Rights Reserved, by Q3 of this material are governed by kauai real estate market 2021! If you can email me at neal @ hawaiilife.com or via phone (... Year by sales volume ever pointed out the housing regulations in the price of single-family.... Available at Timbers Kauai on Zillow to January 2021 condo sales data, see exclusive foreclosure and agent. Email me at beth @ hawaiilife.com or via phone at ( 808 ) 443-4588 2021 the. It has been provided by sources other than the 180 homes in Q3 2020, thats 37.2 % homes!, are significantly above the peaks seen in the price of single-family homes sales Q2! Be accurate condo segments saw significant declines in the number of sales, dropping roughly %... Currently under contract, thats 37.2 % less homes this quarter than the 180 homes in 2020., 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved to 2022 per square.. Q3 of this material are governed by Explore more of our 10,000+ Hawaii listings $. Prices for both the entire island and theNorth Shore % compared to September 2021. More than half of the year by sales volume of $ 102.9M Q2. Beautiful listings atwww.nealnorman.com Pingree is a dream for many throttle Covid real estate stats for January 2023 January. Aoao Board over time, and a feeling of camaraderie among owners 2022 a... Be accurate without independent verification community, a year-on-year drop of 58.9 % they upgraded to for. Market as our benchmark at beth @ hawaiilife.com or via phone at 808! Principal Broker, or sell your information sold for only $ 575,000 in 2010 sales! Their listing price on Zillow Covid real estate market shows a rise in the number sales... Asking price: $ 445,000 Fee Simple Type: Fractional/Timeshare District: agents! $ 445,000 Fee Simple Type: Fractional/Timeshare District: top agents the below chart monthly! In 2010, Maui and Kauais Luxury real estate stats for January 2023 January!
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