Market Update, 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. The most current data point shows the first time in many quarters that quarterly median prices did not increase over the prior quarter. Neal Norman is a REALTOR Broker with Hawai'i Life. Kauai Quarterly Market Update. LaurenPingree@HawaiiLife.com Featured properties may or may not be listed by the office/agent presenting this brochure. This information is believed to be accurate. Recently sold homes in Kauai, HI had a median listing home price of $969,000. (The unit next door, 6B, is still in the hands of original owners, who paid $729,000.) In 2021, the median single-family home resale price reached 2.5 times the national median price. 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. Your Email address will be kept private, this form is secure and we never spam you. The real estate market inventory on Kauai continues to be whittled down. December 2022 and December 2021 monthly comparison Remember that at Halii Kai, the same floorplan will be priced differently depending on the location and view. The developer priced building 6 at a little over $600 a square foot in 2007. Required fields are marked *. Please help us to better serve you by answering these optional Your email address will not be published. Kauai Real Estate Update and Luxury Real Estate Quarterly Report The Luxury Market is defined as properties that are $3 million+ and Kauai leads the island chain in average price per square footage going from $2,815 in 2021 to $2,863 in 2022 at the end of the second quarter. And with 167 homes currently under contract, thats 37.2% less homes this quarter than the 180 homes in Q3 2020. 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. 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 of Maui and should not be relied upon without independent verification. 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. 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. Sun Village C212 Lihue 55+ condo, Just Listed! Every market segment, whether delineated by product type or region, saw meaningful increases across all basic metrics. Condo: Tk Resort #2201 (Fractional Ownership) Asking Price: $445,000 Fee Simple Type: Fractional/Timeshare District: 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. The , When someone asks you how you are, how do you respond? Brent Naylor, a Canadian entrepreneur, and his wife, Gayle Naylor, are selling their North Shore Kauai home for $22.75 million. 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. 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. There is currently only one Halii Kai condo for sale, Halii Kai 7c listed for $1,195,000. More than half of the sellers of single family homes received a sales price above their listing price. The Median Price is up for homes as well to $990,000 compared to $830,000 in 2020. There were153sales on Kauai in Q2 2022, a decrease of-31.7%over 224 sales in Q2 2021. 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. Please be nice. The below chart depicts monthly sales and median prices for both the entire island and theNorth Shore. DMCA Notice. 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. Professional protocol requires agent to set up an appointment with the In Q3 of 2020, we saw 133 home sales on Kauai. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Leave your opinion here. Kauai Monthly Residential Sales & Median Sales Prices. Kauai Sales 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. While the Your email address will not be published. Thank you! Island wide residential and condo segments saw significant declines in the number of sales, dropping roughly 32% each year-on-year during Q2. Interested to know more? Home buyers reveal: 'What I wish I had known before buying my first home, Debunked! 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. Please contact your agent for access to LocationsHawaii.com. The 3,016 sq. The report also shows a rise in the price of single-family homes. I think we can all agree, 2021 was a whirlwind. 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. 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. Halii Kai continues to be a resort condo complex I can recommend without hesitation. Similarly, condo sales volume decreased from $46.5M in Q2 2021 to $29.3M in Q2 2022, a 37% decline. Featured properties may or may not be listed by the office/agent presenting this brochure. 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. 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. 3770 Ala 'Oli Way 2201 Lihue 96766 is listed Courtesy of Hokuala Realty. 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. Your Email address will be kept private, this form is secure and we never spam you. Are you interested in a real estate career in Hawaii? DMCA Notice. Request an appointment to view this property by completing the information below. For Kauai, residential properties are commanding more value per square foot. 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 Required fields are marked *. listings agent to show a property. Buying a home for the first time can be terrifyingly intimidating A pre-approval letter from a lender makes your offer stronger. MLS # 11725998 Kauai Quarterly Residential Median Prices, 1992 to 2022. 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. Congratulations Tim! 1995-2016 Honolulu Board of REALTORS. That finally rose to almost $800/sq ft when I listed and sold 6F in 2021. Lihue 55+ living community, Sun Village, in escrow within 12 days on the market. 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. WebMLS: 668427 (Active - For Sale) New Listing! Required fields are marked *. Information herein deemed reliable but not guaranteed. Market Update. To compensate for our tardiness, we are including some market statistics from January 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. Kauai real estate stats for December 2022 vs December 2021. Lauren Pingree is a REALTOR Salesperson with Hawai'i Life. Though the prior peak in prices precedes this data set, North Shore and island-wide median prices have now well surpassed the 2009 peak. 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. By registering, you are In fact, months of inventory currently available is over 50% less than the 4.9 months we saw in 2020. Explore more of our beautiful listings atwww.nealnorman.com. ft. home is a 4 bed, 3.0 bath property. Your Email address will be kept private, this form is secure and we never spam you. Your email address will not be published. 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. Copyright Team Mira All rights reserved. Copyright 2016, Hawaii Information Service. Best, I had buyers for it in 2007, but they upgraded to 9C for more view. Maui, not to be conflated with other markets,is , 1. Congratulations, you have access to Hawaii's most comprehensive Real Estate Search! to save your searches, see sold-property data, see exclusive foreclosure and You can email me at LaurenPingree@HawaiiLife.com or via phone at (808) 212-8058. Kauai real property sales for November 2021 are reflected in the graph above. in Hawaii, Kauai, Sales, Kauai, 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, It has been provided by sources other than the Realtors Assoc. Hawaii's most accurate home valuation tool. That finally rose to almost $800/sq ft when I listed and sold 6F in 2021. 47 Kauai residential homes, 18 vacant Kauai land properties, and 52 Kauai condos were 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 Avoid headaches with our guide. 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. Hawaii Oceanfront Condo, It was the perfect foundation for a sellers market that is still going strong. Privacy Policy. Register you can either select a new agent or one will be assigned for you. The below chart depicts monthly sales and median prices for both the entire island and theNorth Shore. Hawaii Life recently released the Q2 2022 Real Estate Market Report. Get instant access to all of our 10,000+ Hawaii listings. Kauai Quarterly Residential Median Prices, 1992 to 2020. WebHomes for sale in Kauai County, HI have reached 2,894. See below for an in depth reports on Oahu, Big Island, Maui and Kauais luxury real estate market. The current months of inventory available is1.8 months, a decrease of-11.7%comparing Q2 2022 to 2 months in Q2 2021. 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. Halii Kai 6C sold in 2016 and 2019 in the mid-$600,000s (stable market) and shot up to $1.2 million in 2022. This long-term, 30-year overview of quarterly data paints a great picture of the historical appreciation on Kauai. Your email address will not be published. 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). For non-personal use or to order multiple copies, please contact Please be nice. The developer held and finally sold for only $575,000 in 2010. Copyright, 1995-2015, REALTORS Association of Maui, Inc. 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 September 2021. 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. This copy is for your personal, non-commercial use only. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. Please be nice. 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. questions. 2022 report for Waikoloa Beach resort condo sales. Kauai ended 2021 with the highest Median Price in the state at $1.1 million an increase of 35.80% over last year. 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. We will not rent, share, or sell your information. Your email address will not be published. A mix of full-time residents, second home owners who never rent, and vacation rentals. Continue reading your article witha WSJ subscription, Already a member? The . For additional reference the numbers for 2021 were 25 sales total, and an average of $748/sq ft on price. in Hawaii, Kauai, Market Intelligence, Aliomanu Estates, Halii Kai is an oceanfront condominium complex in Waikoloa Beach Resort on the Kohala Coast. By Q3 of this year, that number jumped up 36.1% to 181 sales! Check your inbox for an email from brokersmls@locationshawaii.com. When compared to Q3 2020, thats another 37.2% drop. The agent who gave you access to this website is no longer with Locations LLC. Explore more of our beautiful listings at www.nealnorman.com. 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. Certain market segments of Kauai (ie. The second was this analysis of the history of Halii Kai condo prices from initial developer sales in 2007 to the current time. The North Shore saw residential sales volume of $102.9M in Q2, a year-on-year drop of 58.9%. Kauai sales activity is down in January 2023, with home sales down -69% and condo sales down -4% from last year. Browse all recently sold home listings in Kauai, HI and get all the latest real estate transactions in Kauai at realtor.com. The year-long trend of decreasing inventory continues to push property value across the January 11, 2023. Island wide condo sales volume topped $124.8M, only a 4.8% drop from the $131.2M in sales from Q2 2021. Please note your appointment is not confirmed until an agent calls you. Locations, LLC may only show properties marked "Active" and "ACS". This information is believed to be accurate. Already have an account? 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. 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To 2022 consult with either the Hawaii real estate market inventory on Kauai sold 6F in 2021 a?..., not to be whittled down chart depicts monthly sales and median prices have now well the. Kauai County, HI have reached 2,894 either select a New agent or one will be kept,. January 2023, with home sales down -69 % and condo sales volume decreased $... Hi had a median listing home price of single-family homes webhomes for,. Kauai in Q2 2021 2023, with home sales on Kauai sold 6F in.... Consult with either the Hawaii real estate transactions in Kauai, HI have reached 2,894 a price... By the office/agent presenting this brochure time can be terrifyingly intimidating a pre-approval letter from a lender makes offer.

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