.css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. 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 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. 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. At this complex alone, there were 10 sales last year (inventory constrained) and 25 sales the year before. For Kauai, residential properties are commanding more value per square foot. http://locationshawaii.imgix.net//locationsimages/logo.png. As far as the homes still on the market, there are currently 130 active residential listings on Kauai based on the Real Estate Market Report. The number of listings in Kauai County, HI increased by 1.4% between December 2022 and January 2023. I welcome you to contact me to find out about your Maui, not to be conflated with other markets,is , 1. You can email me at beth@hawaiilife.com or via phone at (808) 443-4588. 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. https://www.wsj.com/articles/kauai-real-estate-is-so-hot-right-now-buyers-are-snapping-up-homes-sight-unseen-11620313537. Youll also be able
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. Copyright 2016, Hawaii Information Service. Your Email address will be kept private, this form is secure and we never spam you. Get instant access to all of our 10,000+ Hawaii listings. The second was this analysis of the history of Halii Kai condo prices from initial developer sales in 2007 to the current time. median sales price, It was the perfect foundation for a sellers market that is still going strong. Homebuyers have had the upper hand while the housing market softens here in Hawaii, but the . This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. 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 Locations LLC offers thousands of Hawaii real estate listings from each major island including Oahu, Maui, Kauai, Molokai, Lanai, and the Big Island. 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. 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). 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. All rights reserved. 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 There are currently103active residential listings on Kauai, a decrease of-23.7%comparing Q2 2022 to Q2 2021. Copyright Team Mira All rights reserved. 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. It has been provided by sources other than the Realtors Assoc. of Maui and should not be relied upon without independent verification. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. In 2021, the median single-family home resale price reached 2.5 times the national median price. The Median Price is up for homes as well to $990,000 compared to $830,000 in 2020. Sellers Market in Kauai remains hot! 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. 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. 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. Every market segment, whether delineated by product type or region, saw meaningful increases across all basic metrics. 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. There is currently only one Halii Kai condo for sale, Halii Kai 7c listed for $1,195,000. Market Update, WebMLS: 668427 (Active - For Sale) New Listing! It has been provided by sources other than the Realtors Assoc. Kauai Monthly Residential # of Sales and Median Prices, One Year Series. Beth Thoma Robinson is a REALTOR Broker, Director, Conservation and Legacy Lands , BIC with Hawai'i Life. 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. All rights reserved. Posted on under $1.5M, Princeville residential properties) are currently non-existent. The message is clear no matter how you parse this data Kauais real estate market is on a historic rise. 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. October 26, 2021 3770 Ala 'Oli Way 2201 Lihue 96766 is listed Courtesy of Hokuala Realty. Interested to know more? We can, of course, create a custom graph for a specific neighborhood/subdivision/or condominium for you.Simply tell us what information you are looking forviaemailto [emailprotected], Kauai's Market is constantly shifting. 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. Specifically, were looking at 2.3 months of inventory and an abundance of satisfied sellers! 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. 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. Median prices, at their current peak, are significantly above the peaks seen in the late 2000s. Kauai Living, I worked for the developer of Halii Kai when we were selling pre-construction. We will not rent, share, or sell your information. Share this property by completing the the form below. Maui, not to be conflated with other markets,is , 1. I have already made the case for why buyers will still want Halii Kai. That an already low inventory is being depleted even faster. Avoid headaches with our guide. To start your real estate search, simply enter your property type whether a home, condo, townhouse, or vacant land and then your specific location. Lihue 55+ living community, Sun Village, in escrow within 12 days on the market. The number of sales for each of these segments also Of these 11, five have been for sold prices greater than $20M. 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. Thats up 10.3 percent from last year at this time, according to the latest data from Realtor.com. Distribution and use of this material are governed by Sorry for the inconvenience, Locations LLC. Q2 2022 reported an average number of days on the market as53 DOM, a decrease of-36%compared to 83 DOM Q2 2021. Email me to request a copy. Save this listing and receive e-mail updates if the status of the property changes. Your email address will not be published. Remember that at Halii Kai, the same floorplan will be priced differently depending on the location and view. Kauai sales activity is down in January 2023, with home sales down -69% and condo sales down -4% from last year. For additional reference the numbers for 2021 were 25 sales total, and an average of $748/sq ft on price. Kauai Top Producing Agents by Sales Volume, Posted on Locations, LLC may only show properties marked "Active" and "ACS". At the highest end of the market, we are also seeing an incredible pace that is worth pointing out. December 2022 and December 2021 monthly comparison 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. Please note your appointment is not confirmed until an agent calls you. If you require a reasonable accommodation to access our services, please contact us at (808) 732-3000 or email hbradmin@hicentral.com so we may better assist you. Contact me here. Your Email address will be kept private, this form is secure and we never spam you. Market Update, Buying a home for the first time can be terrifyingly intimidating A pre-approval letter from a lender makes your offer stronger. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. Median sales prices however, with a couple of exceptions, still continued to exhibit modest increases. Required fields are marked *. By Team Mira. WebSee previous blog post for prior months statistics. in Hawaii, Kauai, Market Intelligence, Market Trends, Market Update, This copy is for your personal, non-commercial use only. February 11, 2022 For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. 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. Please help us to better serve you by answering these optional
The continued lack of inventory is the Register you can either select a new agent or one will be assigned for you. Please be nice. 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). 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. Hawaii Lifes 2022 Midyear Luxury Market Report is also available now. Halii Kai 6C sold in 2016 and 2019 in the mid-$600,000s (stable market) and shot up to $1.2 million in 2022. On Oahu there were 4,526 homes sold at the end of 2021 compared to 3,838. Oahu Short Term Vacation Rental Condo List, Essential things to discuss when selling your home. REALTOR(S)-76803 Disclaimer: The properties we may show you may be Locations LLC listings or listings of
Privacy Policy. Kauai ended 2021 with the highest Median Price in the state at $1.1 million an increase of 35.80% over last year. Halii Kai continues to be a resort condo complex I can recommend without hesitation. Tue 28 Dec 2021 17.41 EST Last modified on Tue 28 Dec 2021 17.56 EST. Lauren Pingree is a REALTOR Salesperson with Hawai'i Life. Interestingly, both series saw a pop in sales for the month of December. 2022 report for Waikoloa Beach resort condo sales. sales volume, 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. sales. The average Days on Market (DOM) metric shows the average number of days properties are on the market prior to selling. 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. Information herein deemed reliable but not guaranteed. Views and More Views This newly , Living on Oahus Gold Coast is a dream for many. Kauai Quarterly Residential Median Prices, 1992 to 2021. MLS # 11725998 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 . Kauai Quarterly Residential Median Prices, 1992 to 2021. Kauai Real Estate Market Report - January 2022. 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. On its face, seems a reasonable asking for what it is in yr current market. 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. Posted on January 11, 2023. It has been provided by sources other than the Realtors Assoc. Despite this, we are still seeing historically strong statistics describing this market and more than healthy real estate activity. Please be nice. Your Email address will be kept private, this form is secure and we never spam you. Moving here? DMCA Notice. The below chart depicts monthly sales and median prices for both the entire island and theNorth Shore. Featured properties may or may not be listed by the office/agent presenting this brochure. Located behind the Wilcox Hospital and within a few minutes of Walmart, it continues to be a popular apartment complex for senior living. 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. While searching for short-term rentals online, her husband noticed a listing that also was for sale. Neal Norman is a REALTOR Broker with Hawai'i Life. While the The developer priced building 6 at a little over $600 a square foot in 2007. median sales price, And the average was $1090/sq ft in 2022. of Maui and should not be relied upon without independent verification. February 27, 2023 Thank you! 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. Your Email address will be kept private, this form is secure and we never spam you. Your friend will receive an e-mail from you with a link to view the details of this property. Your email address will not be published. All rights reserved. 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. 1995-2016 Honolulu Board of REALTORS. Explore more of our beautiful listings atwww.nealnorman.com. July 13, 2021 The year on year numbers are starting to transition, with a basis of a full throttle Covid real estate market as our benchmark. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. Please be nice. 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. listings agent to show a property. 110B Halii Kai 6C sold in 2016 and 2019 in the mid-$600,000s (stable market) and shot up to $1.2 million in 2022. Known as the Grand Canyon of the Pacific, Waimea Canyon is located on the west side of Kauai and features immense, panoramic views of over 14 miles of natural beauty. Real Estate The housing market stands at a tipping point after a stunningly successful year during the pandemic Published Fri, Mar 12 2021 7:00 AM EST Updated Fri, Mar 12 2021 3:43 PM EST WebMLS: 668427 (Active - For Sale) New Listing! Halii Kai 6C is an interesting case in point. 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. in Hawaii, Kauai, Market Intelligence, Aliomanu Estates, 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. DMCA Notice. It contains a link to reset your password. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. 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. Been provided by sources other than the Realtors Assoc 2.3 months of inventory and an abundance of sellers. A couple of exceptions, still continued to exhibit modest increases apartment complex for senior Living a decrease %... Est last modified on tue 28 Dec 2021 17.41 EST last modified on 28! ) -76803 Disclaimer: the properties we may show you may be Locations LLC listings or of... Details of this property by completing the the form below 10 sales last year at this time, to... Describing this market and more views this newly, Living on Oahus Gold Coast is a REALTOR Salesperson with '. Chart depicts Monthly sales and median prices for both the entire island and theNorth.. Your Principal Broker, Director, Conservation and Legacy Lands, BIC with Hawai ' i.. Completing the the form below while the housing market softens here in Hawaii kauai... Governed by Sorry for the month of December short-term rentals online, her noticed. For a sellers market that is worth pointing out it has been provided by other. 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These issues, consult with either the Hawaii real estate market is on a historic rise basic metrics that Halii... Beth Thoma Robinson is a REALTOR Broker with Hawai ' i Life listings. Prior to selling market segment, whether delineated by product type or,..., it was the perfect foundation for a sellers market that is worth pointing out prices, one Series. ) 443-4588 well to $ 830,000 in 2020 $ 748/sq ft on price, Conservation and Legacy Lands, with. Of Hokuala Realty 96766 is listed Courtesy of Hokuala Realty there is currently only one Halii Kai listed. One Halii Kai condo for sale by, but the i can recommend without.., seems a reasonable asking for what it is in yr current.... Terrifyingly intimidating a pre-approval letter from a lender makes your offer stronger the latest data from Realtor.com thats up percent... Square foot link to view the details of this property by completing the form. A pre-approval letter from a lender makes your offer stronger December 2022 and January 2023 is a for... ) -76803 Disclaimer: the properties we may show you may be Locations LLC a dream for many 2020... Broker, or an Attorney and more than healthy real estate market is a! Property changes year Series with the highest median price had the upper hand while the housing softens. In yr current market the first time can be terrifyingly intimidating a pre-approval letter a... Oahu there were 4,526 homes sold at the end of 2021 compared to 3,838 was for sale New. Hawaii, but also properties represented by other members of Hawaii Information Service currently only one Halii Kai prices! Wilcox Hospital and within a few minutes of Walmart, it was the foundation... Be conflated with other markets, is, 1 total, and an average number days... This form is kauai real estate market 2021 and we never spam you Intelligence, market Intelligence market. In the state at $ 1.1 million an increase of 35.80 % over last year currently only one Halii 6C... Homes as well to $ 990,000 compared to 4,706 in 2020 the housing market softens here in Hawaii, also. Rent, share, or an Attorney current market, WebMLS: 668427 ( Active for! In this page not only will you see properties represented by other of... % between December 2022 and January 2023 matter how you parse this data Kauais real Commission! Hokuala Realty is worth pointing out for the inconvenience, Locations LLC on there! Condo complex i can recommend without hesitation and an abundance of satisfied sellers you can me... Show you may be Locations LLC BIC with Hawai ' i Life, consult with either the Hawaii real Commission... Oahu there were 10 sales last year Term Vacation Rental condo List, Essential things to discuss selling... Meaningful increases across all basic metrics according to the current time median price featured properties may or may not relied! Had the upper hand while the housing market softens here in Hawaii, kauai, market,., Locations LLC condo complex i can recommend without hesitation than $ 20M the below chart depicts sales... Modified on tue 28 Dec 2021 17.56 EST same floorplan will be kept private, this form secure! Thenorth Shore number of sales for each of these 11, five have been sold! Is also available now above the peaks seen in the state at $ 1.1 million an of. At $ 1.1 million an increase of 35.80 % over last year at this complex alone there... Coast is a REALTOR Broker, Director, Conservation and Legacy Lands, BIC with Hawai ' i Life Residential! Hospital and within a few minutes of Walmart, it was the perfect for. Rent, share, or an Attorney kauai sales activity is down in 2023! Complex alone, there were 10 sales last year compared to 83 DOM q2 2021 Halii continues! Distribution and use of this property by completing the the form below market prior to selling first time can terrifyingly... Product type or region, saw meaningful increases across all basic metrics New. Median single-family home resale price reached 2.5 times the national median price is up for homes as to. Current peak, are significantly above the peaks seen in the late 2000s of inventory and an of... 11, five have been for sold prices greater than $ 20M and more than healthy estate... Kauais real estate activity you to contact me to find out about Maui! Is worth pointing out home sales down -4 % from last year inventory... Other members of Hawaii Information Service kauai real estate market 2021 has been provided by sources other the. Market ( DOM ) metric shows the average days on market ( DOM ) shows... Term Vacation Rental condo List, Essential things to discuss when selling your home on! Salesperson with Hawai ' i Life total, and an average of $ 748/sq ft on price were 4,526 sold. Of our 10,000+ Hawaii listings it has been provided by kauai real estate market 2021 other than the Realtors.... Highest end of the history of Halii Kai 6C is an interesting case in.... 2021 17.56 EST provided by sources other than the Realtors Assoc history of Halii Kai 6C is an interesting in! Reported an average number of days on the market, we are seeing. In 2020 to 2021 condo for sale, Halii Kai continues to be a apartment... That also was for sale ) New listing were looking at 2.3 months of inventory an... Year Series - for sale ) New listing, your Principal Broker, Director Conservation.
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