Since the start of 2021, the Kauai real estate market has remained active. Kauai Living, February 27, 2023 Already have an account? There were 219 properties sold in Kauai, HI. January 2022 Kauai condo sales decreased by 47.30% compared to January 2021 condo sales. Quality steel frame construction, with exterior materials that were chosen to stand up to the salt in the air. DMCA Notice. Your Email address will be kept private, this form is secure and we never spam you. 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. 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. At this complex alone, there were 10 sales last year (inventory constrained) and 25 sales the year before. Inventory continues its downward trend as the number of homes available for sale contracts steadily. Kauai real estate stats for January 2023 vs January 2022. Brent Naylor, a Canadian entrepreneur, and his wife, Gayle Naylor, are selling their North Shore Kauai home for $22.75 million. 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. Its clear that for Kauai real estate, an already low inventory is being depleted faster than in 2020. 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. 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! 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 . 66 Kauai residential homes, 19 vacant Kauai land properties, and 62 Your Email address will be kept private, this form is secure and we never spam you. our Subscriber Agreement and by copyright law. All rights reserved. to save your searches, see sold-property data, see exclusive foreclosure and
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. Youll have access to thousands of homes for sale that are currently on the market. Thank you! Kauai Top Producing Agents by Sales Volume, Posted on On Tuesday, I was thrilled to inform the seller of Waikoloa Colony Villas 2404 that their condo had officially sold. Your friend will receive an e-mail from you with a link to view the details of this property. In fact, months of inventory currently available is over 50% less than the 4.9 months we saw in 2020. View more property details, sales history and Zestimate data on Zillow. 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. 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. 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. Island wide condo sales volume topped $124.8M, only a 4.8% drop from the $131.2M in sales from Q2 2021. The . REALTOR(S)-76803 Poipu Sands is a popular well established condo complex, within walking distance of the Grand Hyatt Kauai. That finally rose to almost $800/sq ft when I listed and sold 6F in 2021. Especially if you can afford oceanfront or ocean/golf view. Are you interested in a real estate career in Hawaii? Nationally, U.S. median home prices held steady from June to July at $385,000. The below chart depicts monthly sales and median prices for both the entire island and theNorth Shore. sales volume, Leave your opinion here. Sun Village is a 55+ community in Lihue, Kauai. January 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 Ten Halii Kai condominiums sold in 2022, at prices from $1,205,000 for Halii Kai 6C, the smaller 2 bedroom with a bit of ocean view to $2,249,100 for Halii Kai 14D, the oceanfront larger 2 bedroom featured in the history blog post. This information is believed to be accurate. Located behind the Wilcox Hospital and within a few minutes of Walmart, it continues to be a popular apartment complex for senior living. sales volume. 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 our effort to better inform you, whether a you are a buyer or seller, we are providing a number of relevant sources to reference. Neal Norman is a REALTOR Broker with Hawai'i Life. Copyright 2016, Hawaii Information Service. Halii Kai 6C sold in 2016 and 2019 in the mid-$600,000s (stable market) and shot up to $1.2 million in 2022. Halii Kai continues to be a resort condo complex I can recommend without hesitation. WebThere are also 1/6th interests and full ownership opportunities available at Timbers Kauai. Required fields are marked *. January 2023 Kauai land sales decreased by 47% compared to January 2022 land sales. And the average was $1090/sq ft in 2022. I wrote two blog posts that taken together pretty much explain the real estate market for Halii Kai at Waikoloa Beach Resort during 2022. Tue 28 Dec 2021 17.41 EST Last modified on Tue 28 Dec 2021 17.56 EST. Ocean & Mountain View Acreage Property in Aliomanu Estates. 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. Posted on 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. Halii Kai 6C is an interesting case in point. 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. Kauai Quarterly Market Update. Information herein deemed reliable but not guaranteed. DMCA Notice. 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. 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 second was this analysis of the history of Halii Kai condo prices from initial developer sales in 2007 to the current time. At the highest end of the market, we are also seeing an incredible pace that is worth pointing out. The downward trend indicates a move towards more of a Sellers market. 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. You have already registered using your FB account. DMCA Notice. new construction listings and access our free white papers and buyer guides. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. 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). Kauai Real Estate Market Report - January 2022. If you are an owner thinking of selling, 2023 is so far looking like a great time to do so. December 2022 and December 2021 monthly comparison That finally rose to almost $800/sq ft when I listed and sold 6F in 2021. under $1.5M, Princeville residential properties) are currently non-existent. January 11, 2023. 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. Halii Kais amenities include a bar and grill open only to residents and their guests (including vacation rental guests). When compared to Q3 2020, thats another 37.2% drop. It has been provided by sources other than the Realtors Assoc. 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. January 2023 Kauai condo sales held steady with minimal, 3417 Poipu Rd., Ste. 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. Continue reading your article witha WSJ subscription, Already a member? The year on year numbers are starting to transition, with a basis of a full throttle Covid real estate market as our benchmark. 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 be kept private, this form is secure and we never spam you. Please be nice. 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 this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. Get instant access to all of our 10,000+ Hawaii listings. There were153sales on Kauai in Q2 2022, a decrease of-31.7%over 224 sales in Q2 2021. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. Please be nice. of Maui and should not be relied upon without independent verification. It has been provided by sources other than the Realtors Assoc. Maui, not to be conflated with other markets,is , 1. 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. 47 Kauai residential homes, 18 vacant Kauai land properties, and 52 Kauai condos were 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. 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. Professional protocol requires agent to set up an appointment with the
WebMLS: 668427 (Active - For Sale) New Listing! Halii Kai 6C sold in 2016 and 2019 in the mid-$600,000s (stable market) and shot up to $1.2 million in 2022. top agents. 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. Featured properties may or may not be listed by the office/agent presenting this brochure. Moving here? The story this suggests is one that is affecting most markets across the country; values are holding steady or even climbing, but an extremely limited inventory is constraining sales volume and # of sales and it appears this trend is set to continue well into 2022. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. WebKauai's Market is constantly shifting. 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. .css-11kxzt3-Strong{font-weight:var(--font-weight-medium);}Six months into the Covid pandemic, Cynthia Cook was making dinner for her family in Northern California while her husband, John Cook, planned a getaway to Kauai, the northernmost of Hawaiis major islands. Median sales prices however, with a couple of exceptions, still continued to exhibit modest increases. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. WebMLS: 668427 (Active - For Sale) New Listing! Required fields are marked *. Your Email address will be kept private, this form is secure and we never spam you. Lauren Pingree is a REALTOR Salesperson with Hawai'i Life. 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. Location, location, location. 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. Lihue 55+ living community, Sun Village, in escrow within 12 days on the market. Ocean view condo for sale, By registering, you are
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Check your inbox for an email from brokersmls@locationshawaii.com. This copy is for your personal, non-commercial use only. July 13, 2021 Information herein deemed reliable but not guaranteed. The agent who gave you access to this website is no longer with Locations LLC. Featured properties may or may not be listed by the office/agent presenting this brochure. Maui, not to be conflated with other markets,is , 1. Your email address will not be published. in Hawaii, Kauai, Market Intelligence, Sales, Kauai, Kauai real estate stats for December 2022 vs December 2021. kauai estate, One was the overall 2022 report for Waikoloa Beach resort condo sales. 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. Required fields are marked *. DMCA Notice. There are currently103active residential listings on Kauai, a decrease of-23.7%comparing Q2 2022 to Q2 2021. Send a message and we'll respond shortly. 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: The continued lack of inventory is the This information is believed to be accurate. For the second quarter of 2022, the median sales price of single-family homes on Kauai was$1.2M, an increase of 10.09%over the median sales price of $1.090M during Q2 2021. 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 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. Your email address will not be published. If youre like a lot of people, you probably , Buyers are back baby! LAUREN PINGREE Kauai Sales Share this property by completing the the form below. Hawaii Lifes 2022 Midyear Luxury Market Report is also available now. Kauai Monthly Residential # of Sales and Median Prices, One Year Series. Your email address will not be published. We will not rent, share, or sell your information. All rights reserved. The number of sales for each of these segments also Kauai Monthly Residential # of Sales and Median Prices, One Year Series. 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. Scarcity appears to be one of the running themes for the market moving forward. To start your real estate search, simply enter your property type whether a home, condo, townhouse, or vacant land and then your specific location. questions. In 2021, the median single-family home resale price reached 2.5 times the national median price. Maui, not to be conflated with other markets,is , 1. https://www.wsj.com/articles/kauai-real-estate-is-so-hot-right-now-buyers-are-snapping-up-homes-sight-unseen-11620313537. 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