LaurenPingree@HawaiiLife.com 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. 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 Quarterly Residential Median Prices, 1992 to 2021. You can email me at beth@hawaiilife.com or via phone at (808) 443-4588. Your email address will not be published. What is LocationsHawaii.com? Featured properties may or may not be listed by the office/agent presenting this brochure. Leave your opinion here. sales volume. Hawaii Lifes 2022 Midyear Luxury Market Report is also available now. Your email address will not be published. Your Email address will be kept private, this form is secure and we never spam you. Halii Kai is an oceanfront condominium complex in Waikoloa Beach Resort on the Kohala Coast. Poipu Sands is a popular well established condo complex, within walking distance of the Grand Hyatt Kauai. Some of the hottest neighborhoods near Kauai, HI are Kapaa Homesteads, Koloa, Puhi, Waipouli, Anini. MLS # 11725998 Kauai real property sales for November 2021 are reflected in the graph above. Compared to September of 2021 Kauai lead the pack with a 12.5% increase in visitors which totaled 105,100. Information herein deemed reliable but not guaranteed. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. in Hawaii, Kauai, Market Intelligence, Market Trends, Market Update, , The Fairways Villas has one of the best locations within the Waikoloa Beach Resort. Big Mahalo to our clients for helping us close out our largest first half of the year by sales volume ever. The North Shore saw residential sales volume of $102.9M in Q2, a year-on-year drop of 58.9%. You can email me at neal@hawaiilife.com or via phone at (808) 651-1777. So what does this mean for Kauai real estate? For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. This email is already registered. Of these 11, five have been for sold prices greater than $20M. 2020 & 2021 Hawaii Business Magazine Top Performer, (808) 212.8058 This 1 bedroom, 1 bath includes a full kitchen and a stacked washer/dryer. Kauai Market Report, questions. Your email address will not be published. The year on year numbers are starting to transition, with a basis of a full throttle Covid real estate market as our benchmark. By Q3 of this year, that number jumped up 36.1% to 181 sales! You can email me at neal@hawaiilife.com or via phone at (808) 651-1777. Your email address will not be published. Sellers Market in Kauai remains hot! 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. 1995-2016 Honolulu Board of REALTORS. Your Email address will be kept private, this form is secure and we never spam you. 3770 Ala 'Oli Way 2201 Lihue 96766 is listed Courtesy of Hokuala Realty. 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. There are currently 103 active residential listings on Kauai, a decrease of -23.7% comparing Q2 2022 to Q2 2021. Inventory continues its downward trend as the The Median Price is up for homes as well to $990,000 compared to $830,000 in 2020. For Kauai, residential properties are commanding more value per square foot. January 11, 2023. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. Continue reading your article witha WSJ subscription, Already a member? REALTOR(S)-76803 Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. 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. 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. The message is clear no matter how you parse this data Kauais real estate market is on a historic rise. The year-long trend of decreasing inventory continues to push property value across the Halii Kai 6C sold in 2016 and 2019 in the mid-$600,000s (stable market) and shot up to $1.2 million in 2022. Information herein deemed reliable but not guaranteed. We will not rent, share, or sell your information. top agents. Sun Village is a. If you look at real estate nationwide,prices may be seen to be decreasing. in Hawaii, Kauai, Market Intelligence, Aliomanu Estates, Youll also be able The number of sales for each of these segments also Posted on As this downward trend in inventory continues, sales prices can be expected to continue escalating. For Kauai, residential properties are commanding more value per square foot. LAUREN PINGREE Every market segment, whether delineated by product type or region, saw meaningful increases across all basic metrics. All rights reserved. Your email address will not be published. Number of sales has also increased dramatically with total residential sales up to 223 compared to 84 in the same period last year; likewise, land sales increased from 14 to 53 and condo sales from 73 to 191 in second quarter comparisons. 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. Kauai real estate stats for December 2022 vs December 2021. 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 Once you click We will not rent, share, or sell your information. Required fields are marked *. Required fields are marked *. Waikoloa Beach Resort. 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. 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. North Shore, Your email address will not be published. DMCA Notice. And the average was $1090/sq ft in 2022. Explore more of our beautiful listings atwww.nealnorman.com. All rights reserved. January In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. 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. I worked for the developer of Halii Kai when we were selling pre-construction. Similarly, condo sales volume decreased from $46.5M in Q2 2021 to $29.3M in Q2 2022, a 37% decline. Contact me here. Since the start of 2021, the Kauai real estate market has remained active. Halii Kais amenities include a bar and grill open only to residents and their guests (including vacation rental guests). Please be nice. Privacy Policy. Kauai Living, The same descriptive statistics are even more pronounced for the North Shore residential and condo markets with larger declines in sales volume and number of sales but larger increases in median sales prices. August 31, 2022 I had buyers for it in 2007, but they upgraded to 9C for more view. December 2022 and December 2021 monthly comparison Halii Kai 6C sold in 2016 and 2019 in the mid-$600,000s (stable market) and shot up to $1.2 million in 2022. listings agent to show a property. 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). 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. The developer priced building 6 at a little over $600 a Location, location, location. Any particular reason(s)? of Maui and should not be relied upon without independent verification. Request an appointment to view this property by completing the information below. Your email address will not be published. 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. You should conduct your own investigation and consult with appropriate professionals to determine the accuracy of the information provided and to answer any questions concerning the property and structures located thereon. The report also shows a rise in the price of single-family homes. There is currently only one Halii Kai condo for sale, Halii Kai 7c listed for $1,195,000. 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. Log In. Neal Norman is a REALTOR Broker with Hawai'i Life. Your email address will not be published. The 3,016 sq. Maui, not to be conflated with other markets,is , After just a few years in the real estate industry, the phone starts to ring with calls for recruitment. Are you interested in a real estate career in Hawaii? In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. Please help us to better serve you by answering these optional I wrote two blog posts that taken together pretty much explain the real estate market for Halii Kai at Waikoloa Beach Resort during 2022. DMCA Notice. Specifically, were looking at 2.3 months of inventory and an abundance of satisfied sellers! 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. Recently sold homes in Kauai, HI had a median listing home price of $969,000. Positioned on the northeast coastline, Aliomanu , This rare 3.5 acre Kauai estate features a well-designed island home, built to take advantage of panoramic coastline views and , On January 25th, this spectacular Kukuiula home on the south shore of Kauai was overwhelmingly voted Wall Street Journals House . See below for an in depth reports on Oahu, Big Island, Maui and Kauais luxury real estate market. Register you can either select a new agent or one will be assigned for you. Lihue 55+ living community, Sun Village, in escrow within 12 days on the market. 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. of Maui and should not be relied upon without independent verification. They also pointed out the housing regulations in the state are Copyright 2016, Hawaii Information Service. A mix of full-time residents, second home owners who never rent, and vacation rentals. (The unit next door, 6B, is still in the hands of original owners, who paid $729,000.) I am excited to present my newest listing, anOcean & Mountain View Acreage Property in Aliomanu Estates. Maui, not to be conflated with other markets,is , 1. The below chart depicts monthly sales and median prices for both the entire island and theNorth Shore. January 2023 Kauai condo sales held steady with minimal, 3417 Poipu Rd., Ste. 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. Market Update, Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. Leave your opinion here. In Q3 of 2020, we saw 133 home sales on Kauai. 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. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. 47 Kauai residential homes, 18 vacant Kauai land properties, and 52 Kauai condos were WebKauai's Market is constantly shifting. 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. The , When someone asks you how you are, how do you respond? Island wide residential and condo segments saw significant declines in the number of sales, dropping roughly 32% each year-on-year during Q2. While there are current concerns about inflation and economic slowdown on the mainland, the report indicates that the sellers market on Kauai remains strong. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Locations LLC offers thousands of Hawaii real estate listings from each major island including Oahu, Maui, Kauai, Molokai, Lanai, and the Big Island. The Big Island of Hawaii was up 5% at 118,100 Maui was next at a 4% increase with 218,500 The island of Oahu was down -16% with 385,500 visitors compared to 458,600 in September of 2019. All rights reserved. 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. 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. kauai estate, 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 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. North Shore, 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. In 2021, the median single-family home resale price reached 2.5 times the national median price. 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 . Buying a home for the first time can be terrifyingly intimidating A pre-approval letter from a lender makes your offer stronger. 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. Halii Kai 6C sold in 2016 and 2019 in the mid-$600,000s (stable market) and shot up to $1.2 million in 2022. Web1007 Kauai King Ct , Naperville, IL 60540-7624 is a single-family home listed for-sale at $795,000. in Hawaii, Kauai, Market Intelligence, Sales, Kauai, Thats up 10.3 percent from last year at this time, according to the latest data from Realtor.com. 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. 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 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. It has been provided by sources other than the Realtors Assoc. 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Value per square foot specifically, were looking at 2.3 months of and! Constantly shifting @ hawaiilife.com or via phone at ( 808 ) 651-1777 a single-family home resale price reached 2.5 the! The graph above 600 a location, location, location, location, location island wide residential and segments... More view for questions concerning these issues, consult with either the Hawaii estate. To $ 29.3M in Q2, a decrease of -23.7 % comparing Q2 2022 to Q2 2021 $! Q2 2021 during Q2, within walking distance of the year on year numbers are starting to,! To view this property by completing the Information below email me at neal @ hawaiilife.com via... Price of $ 102.9M in Q2, a year-on-year drop of 58.9.... Kauai residential homes, 18 vacant Kauai land properties, and vacation..