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 WebMLS: 668427 (Active - For Sale) New Listing! The resiliency of the condo sales volume (relative to the larger decline in residential sales) may be a function of the fact that as property values have ballooned over the past year, some buyers have shifted from residential buyers to condo buyers. 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. I had buyers for it in 2007, but they upgraded to 9C for more view. Keep your eye on this property! Neal Norman is a REALTOR Broker with Hawai'i Life. Already have an account? Please be nice. 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. The downward trend indicates a move towards more of a Sellers market. Posted on Explore more of our beautiful listings atwww.nealnorman.com. August 31, 2022 Are you interested in a real estate career in Hawaii? 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. median sales price, The real estate market is still setting records and its the Buyers in Hawaii, Kauai, Market Intelligence, Aliomanu Estates, Thats up 10.3 percent from last year at this time, according to the latest data from Realtor.com. That finally rose to almost $800/sq ft when I listed and sold 6F in 2021. in Hawaii, Kauai, Sales, Kauai, To compensate for our tardiness, we are including some market statistics from January 2022. Your friend will receive an e-mail from you with a link to view the details of this property. Information herein deemed reliable but not guaranteed. Please note your appointment is not confirmed until an agent calls you. We will pre-fill the registration form with information in our files. Hawaii Lifes 2022 Midyear Luxury Market Report is also available now. Just released by Hawaii Life, our Quarter 3 2021 real estate market report reveals that while inventory was on a steady 37.2% decline in the past 12 months, the volume of sales rose by an impressive 36.1% over the same period. Your Email address will be kept private, this form is secure and we never spam you. Sun Village is a. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. At this complex alone, there were 10 sales last year (inventory constrained) and 25 sales the year before. median sales price, LaurenPingree@HawaiiLife.com January 14, 2022 Kauai real property sales for December 2021 are reflected in the graph above. That finally rose to almost $800/sq ft when I listed and sold 6F in 2021. Browse all recently sold home listings in Kauai, HI and get all the latest real estate transactions in Kauai at realtor.com. We will not rent, share, or sell your information. The most current data point shows the first time in many quarters that quarterly median prices did not increase over the prior quarter. 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. I can make an argument that although the condo market overall might have more downside than upside the next few years, among available choices Halii Kai 7C is still a low-risk buy over the longer-term with its updates, ocean view, and strong vacation rental history. 110B https://www.wsj.com/articles/kauai-real-estate-is-so-hot-right-now-buyers-are-snapping-up-homes-sight-unseen-11620313537. Kauai Quarterly Residential Median Prices, 1992 to 2022. 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 kauai 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. January Your Email address will be kept private, this form is secure and we never spam you. WebSee previous blog post for prior months statistics. Halii Kais amenities include a bar and grill open only to residents and their guests (including vacation rental guests). All rights reserved. Beth Thoma Robinson is a REALTOR Broker, Director, Conservation and Legacy Lands , BIC with Hawai'i Life. Your email address will not be published. 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. This information is believed to be accurate. It was the perfect foundation for a sellers market that is still going strong. They also pointed out the housing regulations in the state are DMCA Notice. Ocean & Mountain View Acreage Property in Aliomanu Estates. 2022 report for Waikoloa Beach resort condo sales. Big Mahalo to our clients for helping us close out our largest first half of the year by sales volume ever. 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 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. Sun Village is a 55+ community in Lihue, Kauai. The developer priced building 6 at a little over $600 a square foot in 2007. http://locationshawaii.imgix.net//locationsimages/logo.png. Halii Kai continues to be a resort condo complex I can recommend without hesitation. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. 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. 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 Share this property by completing the the form below. Required fields are marked *. WebHomes for sale in Kauai County, HI have reached 2,894. Required fields are marked *. Please be nice. It has been provided by sources other than the Realtors Assoc. 1995-2016 Honolulu Board of REALTORS. Each of our real estate listings provides comprehensive information on essential details including property features, price change, transaction history, and amenities. Kauai real estate stats for December 2022 vs December 2021. Homebuyers have had the upper hand while the housing market softens here in Hawaii, but the . 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. Information herein deemed reliable but not guaranteed. 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. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. 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. Required fields are marked *. By Q3 of this year, that number jumped up 36.1% to 181 sales! Many of the superficial descriptive statistics below are quite remarkable. in Hawaii, Kauai, Market Intelligence, Market Trends, Market Update, DMCA Notice. Kauai Monthly Residential # of Sales and Median Prices, One Year Series. For Kauai, residential properties are commanding more value per square foot. 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. Moving here? Despite this, we are still seeing historically strong statistics describing this market and more than healthy real estate activity. Check your inbox for an email from brokersmls@locationshawaii.com. You are one of twenty-six 2022 Gold Circle Award recipients, representing the top 20% of Corcoran Pacific agents. North Shore, While there are current concerns about inflation and economic slowdown on the mainland, the report indicates that the sellers market on Kauai remains strong. All rights reserved. What is LocationsHawaii.com? I welcome you to contact me to find out about your (The unit next door, 6B, is still in the hands of original owners, who paid $729,000.) sales volume. Inventory continues its downward trend as the number of homes available for sale contracts steadily. Please help us to better serve you by answering these optional
Your email address will not be published. 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. Market Intelligence, 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. ft. home is a 4 bed, 3.0 bath property. Please be nice. Leave your opinion here. 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. 14, 2022 are you interested in a real estate activity over the quarter... 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