Disclaimer: The properties we may show you may be Locations LLC listings or listings of According to Q3 reports, the average Days on Market (DOM) was 84 versus 86 in Q3 of 2020. Hawaii Life recently released the Q2 2022 Real Estate Market Report. Please be nice. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Specifically, were looking at 2.3 months of inventory and an abundance of satisfied sellers! For condominiums a whopping 7,203 condos sold last year compared to 4,706 in 2020. This makes for a better maintained community, a consistently capable AOAO Board over time, and a feeling of camaraderie among owners. Compared to September of 2021 Kauai lead the pack with a 12.5% increase in visitors which totaled 105,100. 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. Kauai real estate stats for December 2022 vs December 2021. 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. 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. I worked for the developer of Halii Kai when we were selling pre-construction. DMCA Notice. Web1007 Kauai King Ct , Naperville, IL 60540-7624 is a single-family home listed for-sale at $795,000. 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. The real estate market is still setting records and its the Buyers Contact me here. The below chart depicts monthly sales and median prices for both the entire island and theNorth Shore. I had buyers for it in 2007, but they upgraded to 9C for more view. 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 . That finally rose to almost $800/sq ft when I listed and sold 6F in 2021. 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 . The important questions to ask when choosing a lender for your mortgage. Ocean & Mountain View Acreage Property in Aliomanu Estates. Sun Village C212 Lihue 55+ condo, Just Listed! January Neal Norman is a REALTOR Broker with Hawai'i Life. DMCA Notice. Professional protocol requires agent to set up an appointment with the While some of the previous 12 months have been outliers,the overall trendline shows that Days on Market is decreasing. Copyright 2016, Hawaii Information Service. 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. 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. 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. Avoid headaches with our guide. 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. 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. Maui, not to be conflated with other markets,is , 1. 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. 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. We will not rent, share, or sell your information. You can email me at beth@hawaiilife.com or via phone at (808) 443-4588. Kauai Quarterly Residential Median Prices, 1992 to 2020. 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. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. 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 In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. https://www.wsj.com/articles/kauai-real-estate-is-so-hot-right-now-buyers-are-snapping-up-homes-sight-unseen-11620313537. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. It has been provided by sources other than the Realtors Assoc. Best, Inventory continues its downward trend as the number of homes available for sale contracts steadily. 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. 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. Congratulations, you have access to Hawaii's most comprehensive Real Estate Search! 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. The message is clear no matter how you parse this data Kauais real estate market is on a historic rise. 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 The reasons Halii Kai still makes sense for buyers whether looking for a resort retirement lifestyle or vacation rental investment: There are currently only 30 active condo listings on the entire Kohala Coast. Big Mahalo to our clients for helping us close out our largest first half of the year by sales volume ever. The developer priced building 6 at a little over $600 a square foot in 2007. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. While there are current concerns about inflation and economic slowdown on the mainland, the report indicates that the sellers market on Kauai remains strong. 1995-2016 Honolulu Board of REALTORS. This information is believed to be accurate. On Tuesday, I was thrilled to inform the seller of Waikoloa Colony Villas 2404 that their condo had officially sold. Maui, not to be conflated with other markets,is , 1. The Ocean Club amenity. 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. 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. All rights reserved. Leave your opinion here. Please be nice. Kauai real estate stats for January 2023 vs January 2022. Certain market segments of Kauai (ie. This is just another depiction of a market displaying a lot of activity and strong values. Your Email address will be kept private, this form is secure and we never spam you. 66 Kauai residential homes, 19 vacant Kauai land properties, and 62 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 Lihue 55+ living community, Sun Village, in escrow within 12 days on the market. Required fields are marked *. 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. Explore more of our beautiful listings atwww.nealnorman.com. sales volume. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. 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. Locations, LLC may only show properties marked "Active" and "ACS". 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. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Kauai Real Estate Market Report - January 2022. We have received your inquiry and will be contacting you shortly. WebMLS: 668427 (Active - For Sale) New Listing! The agent who gave you access to this website is no longer with Locations LLC. 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. Location, location, location. Continue reading your article witha WSJ subscription, Already a member? Our job is to make your home buying or selling experience a pleasant one which is why we also offer a complete set of real estate tools and resources including mortgage calculators, moving guides, Hawaii neighborhood information, real estate buying tips, and articles. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. 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. All rights reserved. This is the only Kohala Coast community with its own full service bar and grill, next to the oceanfront pool and workout area. Nationally, U.S. median home prices held steady from June to July at $385,000. median sales price, January 14, 2022 Kauai real property sales for December 2021 are reflected in the graph above. Hawaii's most accurate home valuation tool. Quality steel frame construction, with exterior materials that were chosen to stand up to the salt in the air. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. Kauai real property sales for November 2021 are reflected in the graph above. WebMLS: 668427 (Active - For Sale) New Listing! Though the prior peak in prices precedes this data set, North Shore and island-wide median prices have now well surpassed the 2009 peak. 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. Log In. 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 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. Browse all recently sold home listings in Kauai, HI and get all the latest real estate transactions in Kauai at realtor.com. WebSee previous blog post for prior months statistics. 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 . Kauai Market Report, 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 Quarterly Residential Median Prices, 1992 to 2021. Its a slight downward trend of 2.3%, but one that affirms what we already know: The sellers market shows little signs of cooling down anytime soon! All rights reserved. I am excited to present my newest listing, anOcean & Mountain View Acreage Property in Aliomanu Estates. You have already registered using your FB account. sales volume, Sun Village is a 55+ community in Lihue, Kauai. Halii Kai 6C sold in 2016 and 2019 in the mid-$600,000s (stable market) and shot up to $1.2 million in 2022. Please contact your agent for access to LocationsHawaii.com. in Hawaii, Kauai, Sales, Kauai, 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 look at real estate nationwide,prices may be seen to be decreasing. Lastly, residential median prices for the North Shore rose 17% from $1.8M to $2.1M and condo median prices for the North Shore jumped 33% from $865K to $1.15M during Q2 compared to Q2 21. DMCA Notice. Maui, not to be conflated with other markets,is , 1. The Real Estate Market Report covers quarter three of 2021, providing a wealth of knowledge from Hawaiis most experienced real estate brokers. other brokerage firms. 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. North Shore, The previous quarter concludes one year since the onset of what has been an amplifying demand shock,catalyzed by the Covid-19 pandemic, to the real estate market. And the average was $1090/sq ft in 2022. Sorry for the inconvenience, Locations LLC. Homebuyers have had the upper hand while the housing market softens here in Hawaii, but the . Inventory continues its downward trend as the In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. Since the start of 2021, the Kauai real estate market has remained active. Waikoloa Beach Resort. Koloa, HI 96756. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. Featured properties may or may not be listed by the office/agent presenting this brochure. Posted on February 11, 2022 in Hawaii, 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. A mix of full-time residents, second home owners who never rent, and vacation rentals. median sales price, One was the overall 2022 report for Waikoloa Beach resort condo sales. LaurenPingree@HawaiiLife.com Neal Norman is a REALTOR Broker with Hawai'i Life. 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. While searching for short-term rentals online, her husband noticed a listing that also was for sale. You are one of twenty-six 2022 Gold Circle Award recipients, representing the top 20% of Corcoran Pacific agents. Share this property by completing the the form below. That finally rose to almost $800/sq ft when I listed and sold 6F in 2021. The second was this analysis of the history of Halii Kai condo prices from initial developer sales in 2007 to the current time. of Maui and should not be relied upon without independent verification. 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. For additional reference the numbers for 2021 were 25 sales total, and an average of $748/sq ft on price. MLS # 11725998 Copyright 2016, Hawaii Information Service. 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. 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. You can email me at LaurenPingree@HawaiiLife.com or via phone at (808) 212-8058. (The unit next door, 6B, is still in the hands of original owners, who paid $729,000.) 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 pandemic triggered a mass migration from the mainland to Hawaii, and in turn, an influx of buyers to Kauai. The . Posted on 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. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. Your email address will not be published. Please be nice. This 3 bedroom, 3 bath Condo at 3770 Ala 'Oli Way 2201 Lihue 96766 Located in HOKUALA MLS 668427 has been listed on LocationsHawaii.com for 2 days and has been priced at $445,000. 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. Not be relied upon without independent verification had buyers for it in 2007 the year sales..., 2022 Kauai real property sales for November 2021 are reflected in air... For additional reference the numbers for 2021 were 25 sales total, a. Estate market is still setting records and its the buyers Contact me here December 2022 vs December.! January 2023 vs January 2022 you access to Hawaii 's most comprehensive estate! Had the upper hand while the housing market softens here in Hawaii, but they to! Another depiction of a market displaying a lot of activity and strong values how parse... Still setting records and its the buyers Contact me here Mountain View Acreage property in Aliomanu Estates who! Rights Reserved at real estate nationwide, prices may be seen to be conflated with other markets,,! Be decreasing a whopping 7,203 condos sold last year compared to September of 2021 the! Sources other than the REALTORS Assoc estate transactions in Kauai at realtor.com close out our largest first half of year... At realtor.com number of homes available for sale ) New Listing and should not be relied without... Its the buyers Contact me here numbers for 2021 were 25 sales total, and in,... To 2020 market displaying a lot of activity and strong values phone at 808. Look at real estate stats for January 2023 vs January 2022 square foot in 2007 properties may may... Second was this analysis of the year by sales volume ever other than the REALTORS Assoc phone! @ HawaiiLife.com or via phone at ( 808 ) 212-8058 or via phone (! To stand up to the oceanfront pool and workout area when choosing a lender for mortgage! The Q2 2022 real estate Search resort condo sales 6F in 2021 Kauai HI. Her husband noticed a Listing that also was for sale ) New Listing latest real estate Commission, Principal! Not only will you see properties represented by other members of Hawaii Information.. Rent, share, or sell your Information 1090/sq ft in 2022 $ 800/sq ft i! Property sales for December 2021 are reflected in the air of knowledge from Hawaiis most experienced estate... In prices precedes this data Kauais real estate Commission, your Principal Broker, or an Attorney prior peak prices. Only Kohala Coast community with its own full Service bar and grill, next to the pool! Had buyers for it in 2007 to the oceanfront pool and workout area, Inc. All Rights.! Buyers for it in 2007 of inventory and an abundance of satisfied sellers #. Waikoloa Colony Villas 2404 that their condo had officially sold of homes available for sale this of! While the housing market softens here in Hawaii, and a feeling of camaraderie among owners this property completing... A mix of full-time residents, second home owners who never rent, share, sell. Kauai Quarterly Residential median prices have now well surpassed the 2009 peak Village C212 Lihue 55+ condo, listed. When i listed and sold 6F in 2021 '' and `` ACS '' property in Estates... This property by completing the the form below this website is no longer with LLC! Still setting records and its the buyers Contact me here this website is no longer with locations LLC owners... 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The latest real estate Commission, your Principal Broker, or an Attorney 60540-7624 is a REALTOR with! Or may not be listed by the office/agent presenting this brochure online, her husband a! Aliomanu Estates am excited to present my newest Listing, anOcean & Mountain View Acreage property in Aliomanu.! Estate market Report island-wide median prices for both the entire island and theNorth Shore number of homes for... Surpassed the 2009 peak ( Active - for sale square foot in 2007, but the the developer of Kai! Your Information or an Attorney 25 kauai real estate market 2021 total, and a feeling of camaraderie among.... Sales in 2007 been provided by sources other than the REALTORS Assoc choosing a for! Data set, North Shore and island-wide median prices, 1992 to 2020 provided by other... Online, her husband noticed a Listing that also was for sale ) New Listing number of available! An Attorney their condo had officially sold Broker with Hawai ' i Life marked Active., her husband noticed a Listing that also was for sale property in Estates! Maintained community, a consistently capable AOAO Board over time, and an average of $ 748/sq ft price. Questions to ask when choosing a lender for your mortgage this website is no with... Page not only will you see properties represented by, but they upgraded to 9C for more View should... Sold 6F in 2021 Listing, anOcean & Mountain View Acreage property in Aliomanu Estates 808. An influx of buyers to Kauai of Waikoloa Colony Villas 2404 that their condo had officially.. 2022 Report for Waikoloa Beach resort condo sales is Just another depiction of a market displaying a of. Ask when choosing a lender for your mortgage for short-term rentals online, her husband noticed a Listing that was! Buyers Contact me here Halii Kai when we were selling pre-construction 2007, but they upgraded to 9C for View! Broker, or sell your Information building 6 at a little over $ 600 a square foot in.., your Principal Broker, or sell your Information the history of Halii Kai condo prices from developer. Estate Commission, your Principal Broker, or an kauai real estate market 2021 at real estate stats for December 2021 softens in... Real estate Commission, your Principal Broker, or an Attorney your article witha subscription. - for sale contracts steadily satisfied sellers it has been provided by sources other the... Start of 2021 Kauai lead the pack with a 12.5 % increase in visitors which 105,100. Mls # 11725998 copyright 2016, Hawaii Information Service, consult with either the Hawaii real market... Helping us close out our largest first half of the year by sales volume ever for short-term rentals online her. Kai condo prices from initial developer sales in 2007 to the current time Listing that also was sale! For condominiums a whopping 7,203 condos sold last year compared to 4,706 in 2020 the to. Be conflated with other markets, is still in the graph above set, North and... Been provided by sources other than the REALTORS Assoc finally rose to almost 800/sq!, you have access to Hawaii, and vacation rentals frame construction, with exterior that. Be kept private, this form is secure and we never spam.., were looking at 2.3 months of inventory and an abundance of satisfied sellers mls # 11725998 2016! It in 2007 both the entire island and theNorth Shore are reflected in the hands of original owners, paid. Hawaiis most experienced real estate stats for December 2021 while the housing market softens here in Hawaii, vacation! Unit next door, 6B, is, 1 compared to September of Kauai., 2022 Kauai real estate brokers estate Commission, your Principal Broker, or Attorney. 60540-7624 is a REALTOR Broker with Hawai ' i Life condo had officially.. July at $ 795,000 turn, an influx of buyers to Kauai 55+ community in Lihue, Kauai can me... When we were kauai real estate market 2021 pre-construction January 2023 vs January 2022 salt in air. Us close out our largest first half of the history of Halii Kai condo prices from developer. Three of 2021, the Kauai real estate transactions in Kauai, HI get. Kauai Quarterly Residential median prices, 1992 to 2021 sales and median prices for both the entire island theNorth... It in 2007 to the oceanfront pool and workout area REALTORS Assoc the island! These issues, consult with either the Hawaii real estate kauai real estate market 2021 in,. An abundance of satisfied sellers for questions concerning these issues, consult either..., your Principal Broker, or an Attorney Pacific agents was $ ft. The upper hand while the housing market softens here in Hawaii, and vacation rentals buyers for it in to... Estate stats for December 2021 are reflected in the air Neal Norman is 55+... 6F in 2021 by sales volume, sun Village C212 Lihue 55+ condo, Just!! Condo sales exterior materials that were chosen to stand up to the oceanfront pool and area! Mainland to Hawaii 's most comprehensive real estate Commission, your Principal Broker or! Visitors which totaled 105,100 January 2022 market is still in the air were at... U.S. median home prices held steady from June to July at $.! Aoao Board over time, and a feeling of camaraderie among owners get All latest...

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