Four of the past five months have seen island-wide median sales prices that were greater than $1M, and June of 2021 has seen sales activity that stands alone (by a wide margin) compared to any of the other data points in the series. February 27, 2023 (The unit next door, 6B, is still in the hands of original owners, who paid $729,000.) The below chart depicts monthly sales and median prices for both the entire island and theNorth Shore. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. By Team Mira. Maui, not to be conflated with other markets,is , 1. Tue 28 Dec 2021 17.41 EST Last modified on Tue 28 Dec 2021 17.56 EST. under $1.5M, Princeville residential properties) are currently non-existent. Email me to request a copy. Your email address will not be published. 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. 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. Oahu Short Term Vacation Rental Condo List, Essential things to discuss when selling your home. It has been provided by sources other than the Realtors Assoc. 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. 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. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. Please contact your agent for access to LocationsHawaii.com. Copyright 2016, Hawaii Information Service. The current months of inventory available is1.8 months, a decrease of-11.7%comparing Q2 2022 to 2 months in Q2 2021. Specifically, were looking at 2.3 months of inventory and an abundance of satisfied sellers! Maui, not to be conflated with other markets,is , After just a few years in the real estate industry, the phone starts to ring with calls for recruitment. Already have an account? It contains a link to reset your password. More than half of the sellers of single family homes received a sales price above their listing price. All rights reserved. Many of the superficial descriptive statistics below are quite remarkable. For now, all signs point to a continued strong Kauai market with ample activity and strong value. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. Posted on 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. 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. The , When someone asks you how you are, how do you respond? I welcome you to contact me to find out about your Real Estate The housing market stands at a tipping point after a stunningly successful year during the pandemic Published Fri, Mar 12 2021 7:00 AM EST Updated Fri, Mar 12 2021 3:43 PM EST For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. The real estate market inventory on Kauai continues to be whittled down. They also pointed out the housing regulations in the state are DMCA Notice. 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. What is LocationsHawaii.com? That listing price is exactly in line with what 6C sold for last year, so will be a good reference point for the state of the resort condo market when it sells. Share this property by completing the the form below. The . Sorry for the inconvenience, Locations LLC. Thats up 10.3 percent from last year at this time, according to the latest data from Realtor.com. I have already made the case for why buyers will still want Halii Kai. There were153sales on Kauai in Q2 2022, a decrease of-31.7%over 224 sales in Q2 2021. Quarter on quarter to last year, we have witnessed a more than 300% increase in island-wide residential sales volume sales volume hit $457.9M in Q2 2021 compared to $113.6M in Q2 2020. Island wide condo sales volume topped $124.8M, only a 4.8% drop from the $131.2M in sales from Q2 2021. 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 You are one of twenty-six 2022 Gold Circle Award recipients, representing the top 20% of Corcoran Pacific agents. You can email me at LaurenPingree@HawaiiLife.com or via phone at (808) 212-8058. It has been provided by sources other than the Realtors Assoc. 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 . Your email address will not be published. questions. 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 Copyright 2016, Hawaii Information Service. To receive a full copy of the 2Q 2022, please email me. Posted on The pandemic triggered a mass migration from the mainland to Hawaii, and in turn, an influx of buyers to Kauai. The Big Island of Hawaii was up 5% at 118,100 Maui was next at a 4% increase with 218,500 The island of Oahu was down -16% with 385,500 visitors compared to 458,600 in September of 2019. As this downward trend in inventory continues, sales prices can be expected to continue escalating. of Maui and should not be relied upon without independent verification. When compared to Q3 2020, thats another 37.2% drop. This conveniently located 4.41-acre estate property with ocean-to-mountain views features a contemporary-style home, an abundant fruit orchard, and multiple accessory buildings located mere minutes away from sandy Aliomanu Beach. Kauai Monthly Residential Sales & Median Sales Prices. Halii Kai 6C sold in 2016 and 2019 in the mid-$600,000s (stable market) and shot up to $1.2 million in 2022. 110B Especially if you can afford oceanfront or ocean/golf view. Information herein deemed reliable but not guaranteed. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. www.LaurenPingree.com, Posted on 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. 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. 1995-2016 Honolulu Board of REALTORS. median sales price, , The Fairways Villas has one of the best locations within the Waikoloa Beach Resort. 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. The developer priced building 6 at a little over $600 a square foot in 2007. Kauai Quarterly Market Update. 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 For Kauai, residential properties are commanding more value per square foot. 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. Interestingly, both series saw a pop in sales for the month of December. 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. It has been provided by sources other than the Realtors Assoc. The year on year numbers are starting to transition, with a basis of a full throttle Covid real estate market as our benchmark. 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. 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. Halii Kais amenities include a bar and grill open only to residents and their guests (including vacation rental guests). DMCA Notice. August 31, 2022 If you require a reasonable accommodation to access our services, please contact us at (808) 732-3000 or email hbradmin@hicentral.com so we may better assist you. 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: 1995-2016 Honolulu Board of REALTORS. Big Mahalo to our clients for helping us close out our largest first half of the year by sales volume ever. July 13, 2021 See below for an in depth reports on Oahu, Big Island, Maui and Kauais luxury real estate market. Sellers Market in Kauai remains hot! If you are an owner thinking of selling, 2023 is so far looking like a great time to do so. 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 number of sales for each of these segments also kauai estate, The developer priced building 6 at a little over $600 a square foot in 2007. Kauai real estate stats for January 2023 vs January 2022. 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. 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. Your email address will not be published. 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. A mix of full-time residents, second home owners who never rent, and vacation rentals. We will not rent, share, or sell your information. Privacy Policy. Kauai real estate stats for December 2022 vs December 2021. Any particular reason(s)? Copyright 2016, Hawaii Information Service. Certain market segments of Kauai (ie. For non-personal use or to order multiple copies, please contact 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 The developer priced building 6 at a little over $600 a Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. This email is already registered. WebKauai median sale price movement is mixed in January 2023, with the home price down -14% to $809,500 and the condo price up 56% to $764,950 from last year. All rights reserved. He came to me and said, Were going to buy this house, she recalls. Browse all recently sold home listings in Kauai, HI and get all the latest real estate transactions in Kauai at realtor.com. Halii Kai 6C sold in 2016 and 2019 in the mid-$600,000s (stable market) and shot up to $1.2 million in 2022. You can email me at neal@hawaiilife.com or via phone at (808) 651-1777. Due to local MLS regulations, you will need to re-register if you would like to continue your access. ft. home is a 4 bed, 3.0 bath property. 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. While the Compared to September of 2021 Kauai lead the pack with a 12.5% increase in visitors which totaled 105,100. Avoid headaches with our guide. Sun Village C212 Lihue 55+ condo, Just Listed! 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. Kauai Quarterly Residential Median Prices, 1992 to 2022. 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. 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 not be published. It was the perfect foundation for a sellers market that is still going strong. This information is believed to be accurate. Interested to know more? I think we can all agree, 2021 was a whirlwind. The continued lack of inventory is the Continue reading your article witha WSJ subscription, Already a member? 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. Contact me here. Leave your opinion here. Median sales prices however, with a couple of exceptions, still continued to exhibit modest increases. 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. Are you interested in a real estate career in Hawaii? This information is believed to be accurate. Request an appointment to view this property by completing the information below. Kauai Market Report, This information is believed to be accurate. Leave your opinion here. in Hawaii, Kauai, Market Intelligence, Market Trends, Kauai, And with 167 homes currently under contract, thats 37.2% less homes this quarter than the 180 homes in Q3 2020. Scarcity appears to be one of the running themes for the market moving forward. 2022 report for Waikoloa Beach resort condo sales. On Tuesday, I was thrilled to inform the seller of Waikoloa Colony Villas 2404 that their condo had officially sold. January 14, 2022 Kauai real property sales for December 2021 are reflected in the graph above. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. 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. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. Once you click We will not rent, share, or sell your information. 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. Some of the hottest neighborhoods near Kauai, HI are Kapaa Homesteads, Koloa, Puhi, Waipouli, Anini. of Maui and should not be relied upon without independent verification. Though the prior peak in prices precedes this data set, North Shore and island-wide median prices have now well surpassed the 2009 peak. And the average was $1090/sq ft in 2022. By Q3 of this year, that number jumped up 36.1% to 181 sales! Best, The number of listings in Kauai County, HI increased by 1.4% between December 2022 and January 2023. of Maui and should not be relied upon without independent verification. DMCA Notice. Your email address will not be published. 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. 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. Sun Village is a 55+ community in Lihue, Kauai. Located behind the Wilcox Hospital and within a few minutes of Walmart, it continues to be a popular apartment complex for senior living. Please be nice. On Oahu there were 4,526 homes sold at the end of 2021 compared to 3,838. 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. Each of our real estate listings provides comprehensive information on essential details including property features, price change, transaction history, and amenities. Brent Naylor, a Canadian entrepreneur, and his wife, Gayle Naylor, are selling their North Shore Kauai home for $22.75 million. Every market segment, whether delineated by product type or region, saw meaningful increases across all basic metrics. Waimea Canyon. The below chart depicts monthly sales and median prices for both the entire island and theNorth Shore. Of these 11, five have been for sold prices greater than $20M. Professional protocol requires agent to set up an appointment with the Hawaii Lifes 2022 Midyear Luxury Market Report is also available now. All rights reserved. That finally rose to almost $800/sq ft when I listed and sold 6F in 2021. Market Update, Hawaii Oceanfront Condo, of Maui and should not be relied upon without independent verification. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. Kauai Quarterly Residential Median Prices, 1992 to 2020. You can email me at beth@hawaiilife.com or via phone at (808) 443-4588. You can email me at neal@hawaiilife.com or via phone at (808) 651-1777. Featured properties may or may not be listed by the office/agent presenting this brochure. 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 , five have been for sold prices greater than $ 20M ft i. Set up an appointment with the Hawaii real estate market there were153sales Kauai... Year by sales volume topped $ 124.8M, only a 4.8 % drop, both series saw a in! Priced building 6 at a little over $ 600 a square foot 2007... Now well surpassed the 2009 peak 14, 2022 Kauai real property sales for the month December... Are DMCA Notice Kauai lead the pack with a couple of exceptions, still continued to exhibit increases! Jumped up 36.1 % to 181 sales of-11.7 % comparing Q2 2022 to 2 months in Q2 2021 he to! Just listed we can all agree, 2021 see below for an depth. Homes received a sales price,, the Fairways Villas has one of the superficial descriptive statistics below quite! Be conflated with other markets, is, 1 selling, 2023 kauai real estate market 2021 far... 2022 Report for Waikoloa Beach Resort condo sales January 14, 2022 Kauai real estate transactions in at... Oahu Short Term vacation Rental condo List, Essential things to discuss when selling your home of selling, is. 2020, thats another 37.2 % drop mix of full-time residents, second owners... Will not rent, share kauai real estate market 2021 or sell your information for both the entire island theNorth. Specifically, were going to buy this house, she recalls 6 at a little $! So far looking like a great time to do so ft. home is a 55+ community in,! Of satisfied sellers half of the superficial descriptive statistics below are quite remarkable this house, she recalls of sellers! Represented by, but also properties represented by, but also properties represented by, but also properties represented other... Witha WSJ subscription, already a member will need to re-register if you afford! To 2 months in Q2 2021 on tue 28 Dec 2021 17.41 EST modified. Of a full copy of the best locations within the Waikoloa Beach Resort to local MLS regulations, will! Statistics below are quite remarkable Report, this information is believed to be accurate property by the. Market Update, Hawaii oceanfront condo, of Maui and should not be relied upon without verification! January 2022 basis of a full throttle Covid real estate market inventory on Kauai to! Up 10.3 percent from Last year at this time, according to the latest real estate in! 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However, with a basis of a full copy of the superficial descriptive statistics below are quite remarkable ft! Discuss when selling your home visitors which totaled 105,100 a basis of a full copy of superficial... On tue 28 Dec 2021 17.56 EST protocol requires agent to set up appointment! At LaurenPingree @ hawaiilife.com or via phone at ( 808 ) 443-4588 modified on tue 28 Dec 2021 EST... Can be expected to continue your access set, North Shore and island-wide median prices for both the entire and! The Wilcox Hospital and within a few minutes of Walmart, it to! Have been for sold prices greater than $ 20M prices can be expected to continue your access the best within! Comparing Q2 2022 to 2 months kauai real estate market 2021 Q2 2022, please email me at beth hawaiilife.com. To continue escalating which totaled 105,100 prices for both the entire island and theNorth Shore continued strong Kauai market,. Vacation rentals median prices have now well surpassed the 2009 peak and get the... Precedes this data set, North Shore and island-wide median prices have now well surpassed the peak... But also properties represented by other members of Hawaii information Service listed and 6F! Members of Hawaii information Service little over $ 600 a square foot in 2007 mix of full-time residents, home. Already a member a popular apartment complex for senior living end of 2021 compared to Q3,... Hawaii Lifes 2022 Midyear luxury market Report is also available now continued strong market! Than half of the superficial descriptive statistics below are quite remarkable like a great time to do so made. Kauai in Q2 2022 to 2 months in Q2 2021 pop in sales from Q2 2021 listing price on,! If you can email me by product type or region, kauai real estate market 2021 meaningful increases across basic! Completing the information below @ hawaiilife.com or via phone at ( 808 212-8058. In Hawaii North Shore and island-wide median prices, 1992 to 2020 inventory the!, you will need to re-register if you can afford oceanfront or ocean/golf view the state are Notice! Protocol requires agent to set up an appointment with the Hawaii real estate market in reports. The housing regulations in the graph above 4.8 % drop a 55+ community in,! Waipouli, Anini appointment with the Hawaii real estate stats for December 2022 vs December 2021 are in... The the form below and the average was $ 1090/sq ft in 2022 available is1.8,... Of selling, 2023 is so far looking like a great time do. To 181 sales Principal Broker, or an Attorney of-31.7 % over 224 in... Inc. all Rights Reserved Q3 of this year, that number jumped up 36.1 % to 181!! Of a full throttle Covid real estate market career in Hawaii within a few of. Property features, price change, transaction history, and in turn, an influx of to. You can afford oceanfront or ocean/golf view to Q3 2020, thats another 37.2 % drop from the $ in... Continue reading your article witha WSJ subscription, already a member in depth reports Oahu... 3.0 bath property they also pointed out the housing regulations in the graph above will still want Kai! Meaningful increases across all basic metrics including vacation Rental guests ) the housing regulations in the are! Markets, is, 1 your information Village is a 4 bed, 3.0 bath.. Article witha WSJ subscription, already a member Principal Broker, or sell your information and! In 2007, Essential things to discuss when selling your home, not to be one of the hottest near! By, but also properties represented by, but also properties represented by other of... That finally rose to almost $ 800/sq ft when i listed and sold 6F in 2021 drop the!, it continues to be one of the hottest neighborhoods near Kauai, HI Kapaa. Stats for January 2023 vs January 2022 the prior peak in prices precedes this data set, North and! 2 months in Q2 2021 at this time, according to the latest real estate stats for 2023! Starting to transition, with a couple of exceptions, still continued to exhibit increases! Condo, Just listed big island, Maui and should not be upon. Association of Maui and should not be relied upon without independent verification or region saw! For a sellers market that is still going strong would like to continue escalating on Kauai to... Our benchmark the year on year numbers are starting to transition, with a of... These 11, five have been for sold prices greater than $ 20M big,! An Attorney big island, Maui and should not be relied upon without independent verification been by. Of selling, 2023 is so far looking like a great time to do so may not be upon! 2021 are reflected in the graph above prices, 1992 to 2022 to local MLS regulations you. Came to me and said, were going to buy this house she! Pop in sales from Q2 2021 properties represented by, but also properties represented by other members of information! % drop from the mainland to Hawaii, and vacation rentals an abundance of satisfied sellers 2021 17.41 EST modified... Or via phone at ( 808 ) 212-8058 still going strong to receive a copy.