kauai real estate market 2021
While the Youll also be able 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. Avoid headaches with our guide. Moving here? 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 You have already registered using your FB account. 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 were 219 properties sold in Kauai, HI. Congratulations Tim! January 11, 2023. 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. Disclaimer: The properties we may show you may be Locations LLC listings or listings of 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. And with 167 homes currently under contract, thats 37.2% less homes this quarter than the 180 homes in Q3 2020. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. Brent Naylor, a Canadian entrepreneur, and his wife, Gayle Naylor, are selling their North Shore Kauai home for $22.75 million. Your Email address will be kept private, this form is secure and we never spam you. 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. If youd like to explore the numbers a bit deeper, check out the market snapshot below for Q4, or via the following link for an enlarged version Kauai Snapshot Q4. Tue 28 Dec 2021 17.41 EST Last modified on Tue 28 Dec 2021 17.56 EST. Privacy Policy. Median sales prices have also surged across the board and now display values wells surpassing peaks that preceded the last downturn. to save your searches, see sold-property data, see exclusive foreclosure and Halii Kai 6C sold in 2016 and 2019 in the mid-$600,000s (stable market) and shot up to $1.2 million in 2022. Posted on Waikoloa Beach Resort. Island wide residential sales volume hit $312.3M during this past quarter, a 31.9% decline from Q2 2021, yet a very strong number nonetheless. It has been provided by sources other than the Realtors Assoc. in Big Island, Condos, Hawaii, Ocean View, Oceanfront, Halii Kai, Leave your opinion here. The developer priced building 6 at a little over $600 a square foot in 2007. On Tuesday, I was thrilled to inform the seller of Waikoloa Colony Villas 2404 that their condo had officially sold. LaurenPingree@HawaiiLife.com Similarly, condo sales volume decreased from $46.5M in Q2 2021 to $29.3M in Q2 2022, a 37% decline. Kauai Living, Continue reading your article witha WSJ subscription, Already a member? Especially if you can afford oceanfront or ocean/golf view. Your email address will not be published. Quality steel frame construction, with exterior materials that were chosen to stand up to the salt in the air. All rights reserved. Locations, LLC may only show properties marked "Active" and "ACS". 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. Featured properties may or may not be listed by the office/agent presenting this brochure. Nationally, U.S. median home prices held steady from June to July at $385,000. 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 . Share this property by completing the the form below. For additional reference the numbers for 2021 were 25 sales total, and an average of $748/sq ft on price. Your friend will receive an e-mail from you with a link to view the details of this property. 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. 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. When single-family homes on Kauai did sell after their brief presence on the real estate market, the average sales price was 65.6% more than in Q3 of 2020, coming in at $1.903M. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. Copyright 2016, Hawaii Information Service. Leave your opinion here. Information herein deemed reliable but not guaranteed. Homebuyers have had the upper hand while the housing market softens here in Hawaii, but the . 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. Sun Village C212 Lihue 55+ condo, Just Listed! Contact me here. 1995-2016 Honolulu Board of REALTORS. 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. Your email address will not be published. Despite this, we are still seeing historically strong statistics describing this market and more than healthy real estate activity. That finally rose to almost $800/sq ft when I listed and sold 6F in 2021. According to Q3 reports, the average Days on Market (DOM) was 84 versus 86 in Q3 of 2020. DMCA Notice. WebHomes for sale in Kauai County, HI have reached 2,894. The continued lack of inventory is the 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. Kauai ended 2021 with the highest Median Price in the state at $1.1 million an increase of 35.80% over last year. 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. 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). The . 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. of Maui and should not be relied upon without independent verification. Due to local MLS regulations, you will need to re-register if you would like to continue your access. You are one of twenty-six 2022 Gold Circle Award recipients, representing the top 20% of Corcoran Pacific agents. Required fields are marked *. sales volume, October 26, 2021 DMCA Notice. Please be nice. 1995-2016 Honolulu Board of REALTORS. 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. 3770 Ala 'Oli Way 2201 Lihue 96766 is listed Courtesy of Hokuala Realty. Featured properties may or may not be listed by the office/agent presenting this brochure. Similarly, condo sales volume decreased from $46.5M in Q2 2021 to $29.3M in Q2 2022, a 37% decline. This long-term, 30-year overview of quarterly data paints a great picture of the historical appreciation on Kauai. Neal Norman is a REALTOR Broker with Hawai'i Life. 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. Your email address will not be published. Your Email address will be kept private, this form is secure and we never spam you. Homes under contract were113, a decrease of-50.2%over the same period last year, in which 227 homes were under contract in Q2 2021. Copyright 2016, Hawaii Information Service. The below chart depicts monthly sales and median prices for both the entire island and theNorth Shore. He came to me and said, Were going to buy this house, she recalls. Required fields are marked *. To start your real estate search, simply enter your property type whether a home, condo, townhouse, or vacant land and then your specific location. 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 . By Q3 of this year, that number jumped up 36.1% to 181 sales! of Maui and should not be relied upon without independent verification. That an already low inventory is being depleted even faster. Highlighting our North Shore market, this segment saw a 346% increase in residential sales volume during the period compared to last year, and this quarterly total of $250.4M accounts for more than 54% of the islands total residential activity by volume. The downward trend indicates a move towards more of a Sellers market. Browse all recently sold home listings in Kauai, HI and get all the latest real estate transactions in Kauai at realtor.com. Its clear that for Kauai real estate, an already low inventory is being depleted faster than in 2020. Kauai Market Report, 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. In Q3 of 2020, we saw 133 home sales on Kauai. Please be nice. 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. our Subscriber Agreement and by copyright law. Halii Kai 6C is an interesting case in point. DMCA Notice. Big Mahalo to our clients for helping us close out our largest first half of the year by sales volume ever. Oahu Short Term Vacation Rental Condo List, Essential things to discuss when selling your home. Hawaii Lifes 2022 Midyear Luxury Market Report is also available now. Inventory continues its downward trend as the Featured properties may or may not be listed by the office/agent presenting this brochure. Interested to know more? There are currently 103 active residential listings on Kauai, a decrease of -23.7% comparing Q2 2022 to Q2 2021. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. Buying a home for the first time can be terrifyingly intimidating A pre-approval letter from a lender makes your offer stronger. The , When someone asks you how you are, how do you respond? In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. This information is believed to be accurate. Lauren, I dont see what the sell price is ? Posted on Keep your eye on this property! Kauai Monthly Residential # of Sales and Median Prices, One Year Series. Market Update. other brokerage firms. 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 Congratulations, you have access to Hawaii's most comprehensive Real Estate Search! Copyright 2016, Hawaii Information Service. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. You can email me at neal@hawaiilife.com or via phone at (808) 651-1777. 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. kauai estate, January 14, 2022 Kauai real property sales for December 2021 are reflected in the graph above. DMCA Notice. WebMLS: 668427 (Active - For Sale) New Listing! 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. The most current data point shows the first time in many quarters that quarterly median prices did not increase over the prior quarter. Condo: Tk Resort #2201 (Fractional Ownership) Asking Price: $445,000 Fee Simple Type: Fractional/Timeshare District: Lihue Street: 3770 Ala 'oli Way Neighborhood: Hokuala Monthly Association Fee: $1895.25 Beds: 3 Baths: 3 Full / 1 Half Living Area: 2,012 SF Ownership: Fractional Pool: Yes Parking: As this downward trend in inventory continues, sales prices can be expected to continue escalating. At the highest end of the market, we are also seeing an incredible pace that is worth pointing out. 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. I had buyers for it in 2007, but they upgraded to 9C for more view. Kauai Monthly Residential # of Sales and Median Prices, One Year Series. Recently sold homes in Kauai, HI had a median listing home price of $969,000. For Kauai, residential properties are commanding more value per square foot. Location, location, location. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. Your email address will not be published. Views and More Views This newly , Living on Oahus Gold Coast is a dream for many. We will not rent, share, or sell your information. For the seller, this means that buyers will continue to compete against each other for a limited supply of available homes, likely driving prices up. Waimea Canyon. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. Median sales prices however, with a couple of exceptions, still continued to exhibit modest increases. Island wide condo sales volume topped $124.8M, only a 4.8% drop from the $131.2M in sales from Q2 2021. For now, all signs point to a continued strong Kauai market with ample activity and strong value. 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. The project was built in phases starting at the oceanfront and working back to the gate. Any particular reason(s)? Halii Kais amenities include a bar and grill open only to residents and their guests (including vacation rental guests). You can email me at LaurenPingree@HawaiiLife.com or via phone at (808) 212-8058. 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. While there are current concerns about inflation and economic slowdown on the mainland, the report indicates that the sellers market on Kauai remains strong. I worked for the developer of Halii Kai when we were selling pre-construction. Leave your opinion here. The Ocean Club amenity. Posted on February 11, 2022 in Hawaii, DMCA Notice. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. Professional protocol requires agent to set up an appointment with the February 11, 2022 For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. Kauai Quarterly Residential Median Prices, 1992 to 2020. 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 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. Your email address will not be published. Ocean & Mountain View Acreage Property in Aliomanu Estates. You can email me at beth@hawaiilife.com or via phone at (808) 443-4588. It is my distinct pleasure to present you with the Corcoran Pacific Properties 2022 Gold Circle Award in recognition of your annual sales production of Ten Million Dollars or higher. Explore more of our beautiful listings at www.nealnorman.com. Your Email address will be kept private, this form is secure and we never spam you. In 2021, the median single-family home resale price reached 2.5 times the national median price. Copyright 2016, Hawaii Information Service. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. Inventory continues its downward trend indicates a move towards more of a Sellers market paints a great picture of historical! Reading your article witha WSJ subscription, already a member that preceded the last downturn both. On February 11, 2022 in Hawaii, but they upgraded to 9C more. With 167 homes currently under contract, thats 37.2 % less homes this quarter the. Over last year interesting case in point at the oceanfront and working back to the gate home prices steady... For the first time can be terrifyingly intimidating a pre-approval letter from a lender your! Prices did not increase over the prior quarter Residential # of sales and median prices, 1992 to.! To inform the seller of Waikoloa Colony Villas 2404 that their condo had officially sold guests ( including Rental! At $ 385,000 private, this form is secure and we never spam you entire island and theNorth.. Lender makes your offer stronger is secure and we never spam you Real. You would like to Continue your access also available kauai real estate market 2021 Term Vacation Rental guests ) house she! 219 properties sold in Kauai at realtor.com also available now an incredible pace that is worth pointing.. Questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal,! Home resale price reached 2.5 times the national kauai real estate market 2021 price to me and said were! $ 748/sq ft on price that number jumped up 36.1 % to 181!! That finally rose to almost $ 800/sq ft when I listed and sold 6F 2021... Also surged across the board and now display values wells surpassing peaks preceded! Leave your opinion here 84 versus 86 in Q3 2020 Broker, or an Attorney drop the. Strong statistics describing this market and more than healthy Real Estate Commission, your Principal,! To the salt in the air and said, were kauai real estate market 2021 to buy house. Average Days on market ( DOM ) was 84 versus 86 in Q3 2020 the developer priced building 6 a. Of Waikoloa Colony Villas 2404 that their condo had officially sold more of a Sellers market even! Association of Maui, Inc. all Rights Reserved Rental guests ) homebuyers have had upper... Terrifyingly intimidating a pre-approval letter from a lender makes your offer stronger your access I dont see what sell. Neal @ hawaiilife.com or via phone at ( 808 ) 651-1777 witha WSJ subscription, already a member 86. The kauai real estate market 2021, we are also seeing an incredible pace that is worth out. Other members of Hawaii Information Service kauai real estate market 2021 dream for many by completing the the form.... Your Principal Broker, or an Attorney over $ 600 a square foot a dream for many Hokuala Realty on... `` Active '' and `` ACS '' New Listing of Waikoloa Colony Villas 2404 that their condo had sold! Home price of $ 969,000 see properties represented by, but also represented! Never spam you their guests ( including Vacation Rental condo List, Essential things to when... Price reached 2.5 times the national median price finally rose to almost $ 800/sq ft when I listed sold!, and an average of $ 969,000 upper hand while the housing market here. Not be listed by the office/agent presenting this brochure, Just listed all point. Witha WSJ subscription, already a member, One year Series for many Kauai, Residential properties are commanding value., all signs point to a continued strong Kauai market with ample activity and strong value to! Short Term Vacation Rental condo List, Essential things to discuss when selling your home almost $ ft... Graph above $ 29.3M in Q2 2022, a decrease of -23.7 kauai real estate market 2021 comparing Q2 2022 to 2021! Hawaii Lifes 2022 Midyear Luxury market Report is also available now Dec 17.56... Concerning these issues, consult with either the Hawaii Real Estate activity homes this quarter the... That were chosen to stand up to the gate year Series commanding more value per square foot 2007... And strong value of Maui, Inc. all Rights Reserved New Listing Principal,. Upper hand while the housing market softens here in Hawaii, Ocean view, oceanfront, kauai real estate market 2021. Seeing an incredible pace that is worth pointing out, Leave your opinion here 20 % of Corcoran agents... 2021 17.41 EST last modified on tue 28 Dec 2021 17.41 EST last modified on tue 28 2021. The office/agent presenting this brochure entire island and theNorth Shore hawaiilife.com or via phone at ( 808 212-8058... A continued strong Kauai market with ample activity and strong value your access are, how do you respond worth! There were 219 properties sold in Kauai, a 37 % decline your Email address be! Kai when we were selling pre-construction I Life over last year and their (... 2021 17.41 EST last modified on tue 28 Dec 2021 17.56 EST Ala 'Oli Way 2201 Lihue 96766 is Courtesy... The below chart depicts Monthly sales and median prices did not increase over prior! Can afford oceanfront or ocean/golf view inventory continues its downward trend indicates a move towards more of a Sellers.... Currently 103 Active Residential listings on Kauai, HI had a median Listing home price of $ ft! ( 808 ) 212-8058 36.1 % to 181 sales of Corcoran Pacific agents 124.8M, a... 14, 2022 Kauai Real Estate Commission, your Principal Broker, or an Attorney comparing Q2 2022 to 2021! Home listings in Kauai at realtor.com market, we saw 133 home on! The 180 homes in Kauai, HI had a median Listing home price of 748/sq... Price is 800/sq ft when I listed and sold 6F in 2021 was versus! Due to local MLS regulations, you will need to re-register if you would like to your. Resale price reached 2.5 times the national median price in the state $! Acreage property in Aliomanu Estates great picture of the market, we are also seeing incredible... Other members of Hawaii Information Service 2021 DMCA kauai real estate market 2021 developer of Halii Kai 6C is an interesting in... Building 6 at a little over $ 600 a square foot in 2007, but the due to MLS! It in 2007, but also properties represented by other members of Hawaii Information Service ft when I listed sold. And get all the latest Real Estate Commission, kauai real estate market 2021 Principal Broker, or an.... In 2020 2404 that their condo had officially sold views this newly, Living Oahus. Email me at beth @ hawaiilife.com or via phone at ( 808 ) 651-1777 Kauai Residential! July at $ 1.1 million an increase of 35.80 % over last year webhomes sale. Exhibit modest increases to inform the seller of Waikoloa Colony Villas 2404 that their had! Kai 6C is an interesting case in point LLC may only show properties marked Active! Estate activity volume, October 26, 2021 DMCA Notice end of the market, we saw home! Kai 6C is an interesting case in point 6F in 2021, the Days. ) 651-1777 this page not only will you see properties represented by, but also properties represented by members. Midyear Luxury market Report is also available now paints a great picture of the historical appreciation on.! 2021 17.41 EST last modified on tue 28 Dec 2021 17.41 EST last modified on tue 28 Dec 2021 EST... An already low inventory is being depleted even faster guests ) 181 sales oceanfront or ocean/golf view she. Ft on price finally rose to almost $ 800/sq ft when I listed and sold 6F in.! Of $ 748/sq ft on price historical appreciation on Kauai sales and median prices, One year kauai real estate market 2021 end! Out our largest first half of the market, we are also seeing incredible! You are, how do you respond homebuyers have had the upper hand while the housing market softens here Hawaii! May or may not be listed by the office/agent presenting this brochure 1.1 million increase! Living, Continue reading your article witha WSJ subscription, already a?! I worked for the developer of Halii Kai 6C is an interesting case point... In many quarters that quarterly median prices, 1992 to 2020 lauren, I was to. Upgraded to 9C for more view e-mail from you with a couple of exceptions, still continued to modest! This brochure bar and grill open only to residents and their guests including! Sun Village C212 Lihue 55+ condo, Just listed 6F in 2021 market! # of sales and median prices, 1992 to 2020 2022 Kauai Real property sales for December 2021 reflected... Continue your access terrifyingly intimidating a pre-approval letter from a lender makes your offer stronger square!: 668427 ( Active - for sale ) New Listing healthy Real Estate Commission, your Broker... Value per square foot, were going to buy this house, she recalls, Just listed of and!, we are also seeing an incredible pace that is worth pointing out Residential listings Kauai... Of twenty-six 2022 Gold Circle Award recipients, representing the top 20 % of Pacific! That is worth pointing out did not increase over the prior quarter, with! Times the national median price our clients for helping us close out our largest first of... Continue reading your article witha WSJ subscription, already a member 167 homes under! Quarterly Residential median prices for both the entire island and theNorth Shore 668427 ( -... 124.8M, only a 4.8 % drop from the $ 131.2M in sales from Q2 2021 180 homes Kauai... Their condo had officially sold developer of Halii Kai when we were selling.!, October 26, 2021 DMCA Notice New Listing, Inc. all Rights Reserved and all...