For purposes of this discussion, we focus on the 4th quarter numbers which offer a larger sample of transactions, and therefore, more reliable market statistics for purposes of our interpretation. Poipu Sands is a popular well established condo complex, within walking distance of the Grand Hyatt Kauai. 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. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. The developer priced building 6 at a little over $600 a square foot in 2007. And the average was $1090/sq ft in 2022. 1995-2016 Honolulu Board of REALTORS. Your friend will receive an e-mail from you with a link to view the details of this property. ft. home is a 4 bed, 3.0 bath property. under $1.5M, Princeville residential properties) are currently non-existent. 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. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. 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. Leave your opinion here. By registering, you are other brokerage firms. median sales price, 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. This information is believed to be accurate. This information is believed to be accurate. Kauai ended 2021 with the highest Median Price in the state at $1.1 million an increase of 35.80% over last year. Halii Kais amenities include a bar and grill open only to residents and their guests (including vacation rental guests). 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! For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. In fact, months of inventory currently available is over 50% less than the 4.9 months we saw in 2020. Median sales prices however, with a couple of exceptions, still continued to exhibit modest increases. 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. There were153sales on Kauai in Q2 2022, a decrease of-31.7%over 224 sales in Q2 2021. A mix of full-time residents, second home owners who never rent, and vacation rentals. Market Intelligence, The developer priced building 6 at a little over $600 a square foot in 2007. Why would the Mowry buffalo ranch not be selling? Buying a home for the first time can be terrifyingly intimidating A pre-approval letter from a lender makes your offer stronger. 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. The downward trend indicates a move towards more of a Sellers market. While searching for short-term rentals online, her husband noticed a listing that also was for sale. January 11, 2023. 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. The below chart depicts monthly sales and median prices for both the entire island and theNorth Shore. Explore more of our beautiful listings at www.nealnorman.com. The North Shore saw residential sales volume of $102.9M in Q2, a year-on-year drop of 58.9%. It has been provided by sources other than the Realtors Assoc. Required fields are marked *. Sun Village is a. I welcome you to contact me to find out about your Hawaii Lifes 2022 Midyear Luxury Market Report is also available now. Please help us to better serve you by answering these optional to save your searches, see sold-property data, see exclusive foreclosure and The developer held and finally sold for only $575,000 in 2010. Halii Kai continues to be a resort condo complex I can recommend without hesitation. The below chart depicts monthly sales and median prices for both the entire island and theNorth Shore. Kauai Quarterly Residential Median Prices, 1992 to 2021. Congratulations Tim! Kauai Monthly Residential # of Sales and Median Prices, One Year Series. Please contact your agent for access to LocationsHawaii.com. The Median Price is up for homes as well to $990,000 compared to $830,000 in 2020. Your Email address will be kept private, this form is secure and we never spam you. top agents. This 1 bedroom, 1 bath includes a full kitchen and a stacked washer/dryer. Scarcity appears to be one of the running themes for the market moving forward. 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 youre like a lot of people, you probably , Buyers are back baby! It was the perfect foundation for a sellers market that is still going strong. All rights reserved. According to Q3 reports, the average Days on Market (DOM) was 84 versus 86 in Q3 of 2020. Halii Kai 6C sold in 2016 and 2019 in the mid-$600,000s (stable market) and shot up to $1.2 million in 2022. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. 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. All rights reserved. Kauai Quarterly Market Update. This information is believed to be accurate. The year on year numbers are starting to transition, with a basis of a full throttle Covid real estate market as our benchmark. Required fields are marked *. 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. Sun Village C212 Lihue 55+ condo, Just Listed! 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: 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. 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. in Hawaii, Kauai, Market Intelligence, Market Trends, Kauai, 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. Leave your opinion here. Web1007 Kauai King Ct , Naperville, IL 60540-7624 is a single-family home listed for-sale at $795,000. Positioned on the northeast coastline, Aliomanu , This rare 3.5 acre Kauai estate features a well-designed island home, built to take advantage of panoramic coastline views and , On January 25th, this spectacular Kukuiula home on the south shore of Kauai was overwhelmingly voted Wall Street Journals House . Posted on Maui, not to be conflated with other markets,is , 1. To receive a full copy of the 2Q 2022, please email me. Nationally, U.S. median home prices held steady from June to July at $385,000. Youll also be able Required fields are marked *. As far as the homes still on the market, there are currently 130 active residential listings on Kauai based on the Real Estate Market Report. 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. of Maui and should not be relied upon without independent verification. Hawaii's most accurate home valuation tool. in Hawaii, Kauai, Sales, Kauai, Congratulations, you have access to Hawaii's most comprehensive Real Estate Search! I worked for the developer of Halii Kai when we were selling pre-construction. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. WebThere are also 1/6th interests and full ownership opportunities available at Timbers Kauai. The report also shows a rise in the price of single-family homes. If you look at real estate nationwide,prices may be seen to be decreasing. Required fields are marked *. 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. www.LaurenPingree.com, Posted on 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 This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. 1995-2016 Honolulu Board of REALTORS. 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 2022 report for Waikoloa Beach resort condo sales. Moving here? Ocean view condo for sale, 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. We will not rent, share, or sell your information. Every market segment, whether delineated by product type or region, saw meaningful increases across all basic metrics. Copyright 2016, Hawaii Information Service. 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. The agent who gave you access to this website is no longer with Locations LLC. Recently sold homes in Kauai, HI had a median listing home price of $969,000. October 26, 2021 Once you click of Maui and should not be relied upon without independent verification. Maui, not to be conflated with other markets,is , 1. 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. 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. That finally rose to almost $800/sq ft when I listed and sold 6F in 2021. Condo sales questions concerning these issues, consult with either the Hawaii Real Estate Search for... Was for sale this property meaningful increases across All basic metrics from a lender makes your offer stronger last... A square foot in 2007 to almost $ 800/sq ft when I listed and sold 6F 2021! This property established condo complex I can recommend without hesitation vacation rentals King Ct, Naperville, IL 60540-7624 a... Concerning these issues, consult with either the Hawaii Real Estate Commission your... Than the REALTORS Assoc the details of this property, Naperville, IL 60540-7624 is a popular well condo. The entire island and theNorth Shore condo, Just listed I worked for the market moving forward by... Has been provided by sources other than the REALTORS Assoc, 3.0 bath property a little $! Noticed a listing that also was for sale copyright, 1995-2015, REALTORS Association of Maui and should be... 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