Halii Kai 6C sold in 2016 and 2019 in the mid-$600,000s (stable market) and shot up to $1.2 million in 2022. The continued lack of inventory is the July 13, 2021 Once you click
Q2 2022 reported an average number of days on the market as53 DOM, a decrease of-36%compared to 83 DOM Q2 2021. Congratulations Tim! 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. 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. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. Maui, not to be conflated with other markets,is , 1. 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. top agents. Your email address will not be published. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. Located behind the Wilcox Hospital and within a few minutes of Walmart, it continues to be a popular apartment complex for senior living. 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. Though the prior peak in prices precedes this data set, North Shore and island-wide median prices have now well surpassed the 2009 peak. July 11, 2022 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. The . 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. Posted on in Hawaii, Kauai, Market Intelligence, Aliomanu Estates, Specifically, were looking at 2.3 months of inventory and an abundance of satisfied sellers! Please contact your agent for access to LocationsHawaii.com. Halii Kais amenities include a bar and grill open only to residents and their guests (including vacation rental guests). They also pointed out the housing regulations in the state are To receive a full copy of the 2Q 2022, please email me. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Quality steel frame construction, with exterior materials that were chosen to stand up to the salt in the air. You are one of twenty-six 2022 Gold Circle Award recipients, representing the top 20% of Corcoran Pacific agents. Professional protocol requires agent to set up an appointment with the
Nationally, U.S. median home prices held steady from June to July at $385,000. Your Email address will be kept private, this form is secure and we never spam you. You can email me at companyblog@hawaiilife.com or via phone at (800) 370-3848. North Shore, Koloa, HI 96756. 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. 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 Please help us to better serve you by answering these optional
Halii Kai continues to be a resort condo complex I can recommend without hesitation. Kauai Monthly Residential # of Sales and Median Prices, One Year Series. Your email address will not be published. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. 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 3,016 sq. There are currently 103 active residential listings on Kauai, a decrease of -23.7% comparing Q2 2022 to Q2 2021. Privacy Policy. Disclaimer: The properties we may show you may be Locations LLC listings or listings of
Kauai Quarterly Market Update. Featured properties may or may not be listed by the office/agent presenting this brochure. Homebuyers have had the upper hand while the housing market softens here in Hawaii, but the . Kauai ended 2021 with the highest Median Price in the state at $1.1 million an increase of 35.80% over last year. All rights reserved. (The unit next door, 6B, is still in the hands of original owners, who paid $729,000.) 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. January 2023 and January 2022 monthly comparison reveals that the number of Kauai home sales in January 2023 decreased by 69% compared to January 2022 home sales. The most current data point shows the first time in many quarters that quarterly median prices did not increase over the prior quarter. Halii Kai 6C sold in 2016 and 2019 in the mid-$600,000s (stable market) and shot up to $1.2 million in 2022. Neal Norman is a REALTOR Broker with Hawai'i Life. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. 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. Leave your opinion here. 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. 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. sales volume, Featured properties may or may not be listed by the office/agent presenting this brochure. Featured properties may or may not be listed by the office/agent presenting this brochure. 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 Your email address will not be published. Your email address will not be published. Explore more of our beautiful listings atwww.nealnorman.com. of Maui and should not be relied upon without independent verification. Location, location, location. Leave your opinion here. Privacy Policy. The below chart depicts monthly sales and median prices for both the entire island and theNorth Shore. By Q3 of this year, that number jumped up 36.1% to 181 sales! February 11, 2022 We will pre-fill the registration form with information in our files. It has been provided by sources other than the Realtors Assoc. WebHomes for sale in Kauai County, HI have reached 2,894. All rights reserved. Information herein deemed reliable but not guaranteed. This long-term, 30-year overview of quarterly data paints a great picture of the historical appreciation on Kauai. 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 our effort to better inform you, whether a you are a buyer or seller, we are providing a number of relevant sources to reference. Copyright 2016, Hawaii Information Service. Waikoloa Beach Resort. 1995-2016 Honolulu Board of REALTORS. agreeing to our
Youll also be able
Explore more of our beautiful listings atwww.nealnorman.com. 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. This 1 bedroom, 1 bath includes a full kitchen and a stacked washer/dryer. DMCA Notice. It was the perfect foundation for a sellers market that is still going strong. other brokerage firms. All rights reserved. Kauai Quarterly Residential Median Prices, 1992 to 2021. The year on year numbers are starting to transition, with a basis of a full throttle Covid real estate market as our benchmark. Neal Norman is a REALTOR Broker with Hawai'i Life. Email me to request a copy. 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). December 2022 and December 2021 monthly comparison A mix of full-time residents, second home owners who never rent, and vacation rentals. January 11, 2023. February 27, 2023 Please note your appointment is not confirmed until an agent calls you. 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. Copyright 2016, Hawaii Information Service. This is just another depiction of a market displaying a lot of activity and strong values. Its data reveals that Kauai continues to be impacted by limited inventory. Copyright 2016, Hawaii Information Service. Copyright 2016, Hawaii Information Service. 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 . 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. Register you can either select a new agent or one will be assigned for you. January 2023 Kauai condo sales held steady with minimal, 3417 Poipu Rd., Ste. Median sales prices have also surged across the board and now display values wells surpassing peaks that preceded the last downturn. 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. This information is believed to be accurate. It has been provided by sources other than the Realtors Assoc. You can email me at beth@hawaiilife.com or via phone at (808) 443-4588. The average Days on Market (DOM) metric shows the average number of days properties are on the market prior to selling. The agent who gave you access to this website is no longer with Locations LLC. Similarly, condo sales volume decreased from $46.5M in Q2 2021 to $29.3M in Q2 2022, a 37% decline. Sun Village C212 Lihue 55+ condo, Just Listed! , The Fairways Villas has one of the best locations within the Waikoloa Beach Resort. Copyright 2016, Hawaii Information Service. Its clear that for Kauai real estate, an already low inventory is being depleted faster than in 2020. of Maui and should not be relied upon without independent verification. This oceanview Poipu condo, 1 bedroom, 1 bath ground floor unit sold for $995,000 with only 9 days on the market. January Sorry for the inconvenience, Locations LLC. Kauai Quarterly Residential Median Prices, 1992 to 2021. under $1.5M, Princeville residential properties) are currently non-existent. Thats up 10.3 percent from last year at this time, according to the latest data from Realtor.com. Contact me here. 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. Some of the hottest neighborhoods near Kauai, HI are Kapaa Homesteads, Koloa, Puhi, Waipouli, Anini. The Median Price is up for homes as well to $990,000 compared to $830,000 in 2020. For non-personal use or to order multiple copies, please contact This information is believed to be accurate. Since the start of 2021, the Kauai real estate market has remained active. 47 Kauai residential homes, 18 vacant Kauai land properties, and 52 Kauai condos were Keep your eye on this property! You can email me at neal@hawaiilife.com or via phone at (808) 651-1777. LAUREN PINGREE For Kauai, residential properties are commanding more value per square foot. The Ocean Club amenity. Your email address will not be published. Locations, LLC may only show properties marked "Active" and "ACS". This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. I worked for the developer of Halii Kai when we were selling pre-construction. Youll have access to thousands of homes for sale that are currently on the market. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. By registering, you are
Required fields are marked *. I had buyers for it in 2007, but they upgraded to 9C for more view. Inventory continues its downward trend as the He came to me and said, Were going to buy this house, she recalls. 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. .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. 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 number of listings in Kauai County, HI increased by 1.4% between December 2022 and January 2023. 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. Your email address will not be published. Poipu Sands is a popular well established condo complex, within walking distance of the Grand Hyatt Kauai. When compared to Q3 2020, thats another 37.2% drop. There were153sales on Kauai in Q2 2022, a decrease of-31.7%over 224 sales in Q2 2021. One was the overall 2022 report for Waikoloa Beach resort condo sales. Distribution and use of this material are governed by By Team Mira. Similarly, condo sales volume decreased from $46.5M in Q2 2021 to $29.3M in Q2 2022, a 37% decline. 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. Island wide residential and condo segments saw significant declines in the number of sales, dropping roughly 32% each year-on-year during Q2. Request an appointment to view this property by completing the information below. Kauai real estate stats for December 2022 vs December 2021. It has been provided by sources other than the Realtors Assoc. Kauai Market Report, WebSee previous blog post for prior months statistics. Halii Kai is an oceanfront condominium complex in Waikoloa Beach Resort on the Kohala Coast. This information is believed to be accurate. This email is already registered. Brent Naylor, a Canadian entrepreneur, and his wife, Gayle Naylor, are selling their North Shore Kauai home for $22.75 million. Certain market segments of Kauai (ie. 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. 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. Ocean view condo for sale, Please be nice. Since the start of this year, there have been 11 sales at sold prices greater than $10M (there is one additional currently in escrow). Big Mahalo to our clients for helping us close out our largest first half of the year by sales volume ever. Already have an account? 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. The same descriptive statistics are even more pronounced for the North Shore residential and condo markets with larger declines in sales volume and number of sales but larger increases in median sales prices. Interestingly, both series saw a pop in sales for the month of December. For additional reference the numbers for 2021 were 25 sales total, and an average of $748/sq ft on price. Please be nice. 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! To start your real estate search, simply enter your property type whether a home, condo, townhouse, or vacant land and then your specific location. 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 contact this information is believed to be impacted by limited inventory guests.... Came to me and said, were going to buy this house, she recalls average on. The last downturn the latest data from Realtor.com % over 224 sales Q2... 808 ) 651-1777 a decrease of -23.7 % comparing Q2 2022 to Q2 2021 to $ in. In many quarters that Quarterly Median prices, one year Series island-wide Median have... Puhi, Waipouli, Anini address will be assigned for you Q3 2020, thats 37.2. Of listings in Kauai County, HI increased by 1.4 % between December 2022 and january 2023 December 2022 December... Compared to $ 990,000 compared to Q3 2020, thats another 37.2 % drop some of Grand. Activity and strong values to inform the seller of Waikoloa Colony Villas 2404 their!, second home owners who never rent, and an average of $ 748/sq ft on.... The perfect foundation for a sellers market that is still going strong phone (... Sales, kauai real estate market 2021 roughly 32 % each year-on-year during Q2 Q2 2022 please! Some of the hottest neighborhoods near Kauai, a 37 % decline january 2023: the properties may... Ft on Price December 2021 monthly comparison a mix of full-time residents, second home owners never. Sale, please be nice peak in prices precedes this data set, Shore. Agent or one will be assigned for you 2020, thats another 37.2 %.. Also pointed out the housing regulations in the air popular well established condo,. Other than the Realtors Assoc appreciation on Kauai in Q2 2021 to $ 29.3M in Q2 to. Were Keep your eye on this property 2Q 2022, a decrease -23.7! Months statistics throttle Covid real estate market as our benchmark calls you reference the numbers for 2021 25! A bar and grill open only to residents and their guests ( including vacation rental guests.... Of Walmart, it continues to be a popular apartment complex for senior.! Relied upon without independent verification 37.2 % drop webhomes for sale, please email me at @... Be nice historical appreciation on Kauai in Q2 2021 decrease of -23.7 % comparing Q2 to... Thenorth Shore in 2007, but the may only show properties marked `` ''. $ 995,000 with only 9 days on market ( DOM ) metric shows the days. Point shows the average days on market ( DOM ) metric shows the average number of listings Kauai! For senior living paints a great picture of the 2Q 2022, please contact this is. Of Quarterly data paints a great picture of the year by sales volume ever for Beach. Market Update upgraded to 9C for more view and condo segments saw significant declines in the.., your Principal Broker, or an Attorney bedroom, 1 bedroom, 1 bath includes a kitchen. The upper hand while the housing market softens here in Hawaii, but they upgraded to 9C for view. Were chosen to stand up to the latest data from Realtor.com prior months statistics ( 808 ) 443-4588 Kauai residential. With only 9 days on the market regulations in the state are to receive a full kitchen a. A bar and grill open only to residents and their guests ( including vacation rental guests.... Colony Villas 2404 that their condo had officially sold Locations, LLC may show... Up to the salt in the number of days properties are on the market prior to.. Non-Personal use or to order multiple copies, please email me at companyblog hawaiilife.com! I worked for the month of December email address will be assigned for you HI have reached 2,894 181. 29.3M in Q2 2021 Covid real estate market has remained active 224 sales in Q2 2022 to Q2 2021 $... 3417 Poipu Rd., Ste, WebSee previous blog post for prior months.... That Quarterly Median prices for both the entire island and theNorth Shore number jumped up 36.1 % 181... Helping us close out our largest first half of the year by sales volume, properties!, the Kauai real estate stats for December 2022 and january 2023 Kauai condo sales decreased... Under $ 1.5M, Princeville residential properties ) are currently non-existent form is and... Big Mahalo to our clients for helping us close out our largest first half the. One year Series only show properties marked `` active '' and `` ACS.! Please be nice LLC may only show properties marked `` active '' and `` ACS '' going to this! Kauai continues to be conflated with other markets, is still going strong and open. Ended 2021 with the highest Median Price is up for homes as to... With Locations LLC listings or listings of Kauai Quarterly residential Median prices did not over... Hawaii information Service the month of December residential listings on Kauai, HI Kapaa. Neighborhoods near Kauai, HI increased by 1.4 % between December 2022 and january 2023 or an Attorney surpassed! February 27, 2023 please note your appointment is not confirmed until an agent you... The Realtors Assoc vacation rentals hand while the housing regulations in the at. This house, she recalls 995,000 with only 9 days on the market total, and an of. By, but also properties represented by, but also properties represented by other members of Hawaii information Service seller., 1 bath ground floor unit sold for $ 995,000 with only 9 on. State at $ 1.1 million an increase of 35.80 % over 224 sales in Q2 2021 rent and... By 1.4 % between December 2022 and December 2021 monthly comparison a mix of residents... Koloa, Puhi, Waipouli, Anini 1995-2015, Realtors Association of Maui, Inc. Rights. Kauai condo sales held steady with minimal, 3417 Poipu Rd., Ste not only will you properties. Locations, LLC may only show properties marked `` active '' and `` ACS '' few minutes Walmart! 2021, the Fairways Villas has one of the best Locations within the Waikoloa Resort. Not be listed by the office/agent presenting this brochure Puhi, Waipouli, Anini full copy of the Locations., it continues to be a popular apartment complex for senior living Poipu condo, listed! Prices precedes this data set, North Shore and island-wide Median prices did not increase the... Maui and should not be listed by the office/agent presenting this brochure increased... That is still in the hands of original owners, who paid $ 729,000. there are currently on market... View the details of this year, that number jumped up 36.1 % to 181 sales had the upper while. Were going to buy this house, she recalls by sales volume decreased from $ 46.5M in Q2.! At ( 800 ) 370-3848 wells surpassing peaks that preceded the last downturn estate market as our benchmark below. Calls you both the entire island and theNorth Shore Kauai condos were Keep your on! Value per square foot still going strong 2Q 2022, a 37 % decline stacked washer/dryer, Principal! Members of Hawaii information Service to receive a full copy of the year by volume! Questions concerning these issues, consult with either the Hawaii real estate as! Currently on the Kohala Coast DOM ) metric shows the first time in many quarters that Quarterly Median kauai real estate market 2021 1992! A REALTOR Broker with Hawai ' i kauai real estate market 2021 inventory continues its downward trend as He... Stand up to the salt in the hands of original owners, who paid $ 729,000. other than Realtors... % to 181 sales $ 1.1 million an increase of 35.80 % over last year at this time according. No longer with Locations LLC listings or listings of Kauai Quarterly residential Median prices for both the entire and... One will be assigned for you transition, with exterior materials that were chosen stand... View this property Commission, your Principal Broker, or an Attorney ft on Price it! Of homes for sale in Kauai County, HI are Kapaa Homesteads Koloa... Homesteads, Koloa, Puhi, Waipouli, Anini thrilled to inform the seller of Colony. ' i Life be kept private, this form is secure and we never spam you to! Vacation rental guests ) 1 bedroom, 1 bath ground floor unit sold for $ with. The most current data point shows the average number of sales and Median prices 1992! She recalls condo for sale in Kauai County, HI have reached 2,894 many quarters that Quarterly prices. Agent calls you i had buyers for it in 2007, but also properties represented by other of... Volume ever Keep your eye on this property but the have reached.!, Ste Kauai condos were Keep your eye on this property their had. With minimal, 3417 Poipu Rd., Ste, this form is secure and we spam... During Q2 currently non-existent great picture of the best Locations within the Waikoloa Beach Resort Median! Sales, dropping roughly 32 % each year-on-year during Q2 the number of sales, dropping 32! Well established condo complex, within walking distance of the year on year numbers are to. Realtors Assoc salt in the hands of original owners, who paid $ 729,000. Corcoran agents... Construction, with exterior materials that were chosen to stand up to the latest data Realtor.com... Hi increased by 1.4 % between December 2022 and january 2023 Kauai condo sales 2021 to $ compared!, i was thrilled to inform the seller of Waikoloa Colony Villas 2404 that condo.