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 Maui, not to be conflated with other markets,is , 1. While some of the previous 12 months have been outliers,the overall trendline shows that Days on Market is decreasing. 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. I have already made the case for why buyers will still want Halii Kai. Kauai Living, 2020 & 2021 Hawaii Business Magazine Top Performer, (808) 212.8058 in Big Island, Condos, Hawaii, Ocean View, Oceanfront, Halii Kai, https://www.wsj.com/articles/kauai-real-estate-is-so-hot-right-now-buyers-are-snapping-up-homes-sight-unseen-11620313537. sales volume, This 1 bedroom, 1 bath includes a full kitchen and a stacked washer/dryer. 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. 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. The . January 2022 and January 2021 monthly comparison reveals that Kauai home sales in January 2022 decreased by 15.65% compared to January 2021 home sales. 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. Though the prior peak in prices precedes this data set, North Shore and island-wide median prices have now well surpassed the 2009 peak. Please be nice. The average Days on Market (DOM) metric shows the average number of days properties are on the market prior to selling. Send a message and we'll respond shortly. Required fields are marked *. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. This information is believed to be accurate. Professional protocol requires agent to set up an appointment with the Recently sold homes in Kauai, HI had a median listing home price of $969,000. We have received your inquiry and will be contacting you shortly. And the average was $1090/sq ft in 2022. Lauren, I dont see what the sell price is ? Q2 2022 reported an average number of days on the market as53 DOM, a decrease of-36%compared to 83 DOM Q2 2021. http://locationshawaii.imgix.net//locationsimages/logo.png. 3770 Ala 'Oli Way 2201 Lihue 96766 is listed Courtesy of Hokuala Realty. This email is already registered. The downward trend indicates a move towards more of a Sellers market. questions. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. 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. median sales price, There is currently only one Halii Kai condo for sale, Halii Kai 7c listed for $1,195,000. Privacy Policy. Inventory continues its downward trend as the 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. Market Update, 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. North Shore, 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 developer priced building 6 at a little over $600 a square foot in 2007. Halii Kais amenities include a bar and grill open only to residents and their guests (including vacation rental guests). For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. Halii Kai is an oceanfront condominium complex in Waikoloa Beach Resort on the Kohala Coast. For the buyer, a mix of low inventory and a flood of other bidders can present some unique challenges, but our Hawaii Life experts have proven strategies to implement, helping the buyer be competitive so their offer is accepted. Keep your eye on this property! We will pre-fill the registration form with information in our files. DMCA Notice. REALTOR(S)-76803 You are one of twenty-six 2022 Gold Circle Award recipients, representing the top 20% of Corcoran Pacific agents. For the seller, this means that buyers will continue to compete against each other for a limited supply of available homes, likely driving prices up. 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. On Tuesday, I was thrilled to inform the seller of Waikoloa Colony Villas 2404 that their condo had officially sold. Your email address will not be published. And the average was $1090/sq ft in 2022. 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. WebHomes for sale in Kauai County, HI have reached 2,894. Of these 11, five have been for sold prices greater than $20M. Kauai Quarterly Residential Median Prices, 1992 to 2020. It has been provided by sources other than the Realtors Assoc. Kauai Monthly Residential Sales & Median Sales Prices. 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. In Q3 of 2020, we saw 133 home sales on Kauai. At this complex alone, there were 10 sales last year (inventory constrained) and 25 sales the year before. 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. Waikoloa Beach Resort. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. Posted on 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. median sales price, For now, all signs point to a continued strong Kauai market with ample activity and strong value. Leave your opinion here. The report also shows a rise in the price of single-family homes. 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. The below chart depicts monthly sales and median prices for both the entire island and theNorth Shore. 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. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. to save your searches, see sold-property data, see exclusive foreclosure and Information herein deemed reliable but not guaranteed. 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 is just another depiction of a market displaying a lot of activity and strong values. 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. Check your inbox for an email from brokersmls@locationshawaii.com. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Posted on Explore more of our beautiful listings atwww.nealnorman.com. It has been provided by sources other than the Realtors Assoc. All rights reserved. It has been provided by sources other than the Realtors Assoc. ft. home is a 4 bed, 3.0 bath property. sales. Youll have access to thousands of homes for sale that are currently on the market. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. October 26, 2021 Kauai Quarterly Market Update. January 11, 2023. 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. 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 information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Leave your opinion here. Condo: Tk Resort #2201 (Fractional Ownership) Asking Price: $445,000 Fee Simple Type: Fractional/Timeshare District: Halii Kai 6C sold in 2016 and 2019 in the mid-$600,000s (stable market) and shot up to $1.2 million in 2022. I welcome you to contact me to find out about your The most current data point shows the first time in many quarters that quarterly median prices did not increase over the prior quarter. Please be nice. And with 167 homes currently under contract, thats 37.2% less homes this quarter than the 180 homes in Q3 2020. Sorry for the inconvenience, Locations LLC. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. This information is believed to be accurate. Median sales prices have also surged across the board and now display values wells surpassing peaks that preceded the last downturn. Neal Norman is a REALTOR Broker with Hawai'i Life. Posted on Once you click 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 estate, (The unit next door, 6B, is still in the hands of original owners, who paid $729,000.) Click the button below and we'll send you a link to reset your password. The , When someone asks you how you are, how do you respond? Required fields are marked *. More than half of the sellers of single family homes received a sales price above their listing price. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. Despite this, we are still seeing historically strong statistics describing this market and more than healthy real estate activity. Privacy Policy. DMCA Notice. The number of listings in Kauai County, HI increased by 1.4% between December 2022 and January 2023. 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. The Ocean Club amenity. All rights reserved. Your Email address will be kept private, this form is secure and we never spam you. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. Continue reading your article witha WSJ subscription, Already a member? 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. There were153sales on Kauai in Q2 2022, a decrease of-31.7%over 224 sales in Q2 2021. Save this listing and receive e-mail updates if the status of the property changes. Copyright 2016, Hawaii Information Service. 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. Explore more of our beautiful listings atwww.nealnorman.com. 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. Locations LLC offers thousands of Hawaii real estate listings from each major island including Oahu, Maui, Kauai, Molokai, Lanai, and the Big Island. One was the overall 2022 report for Waikoloa Beach resort condo sales. 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. Featured properties may or may not be listed by the office/agent presenting this brochure. Leave your opinion here. 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. 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. There are currently 103 active residential listings on Kauai, a decrease of -23.7% comparing Q2 2022 to Q2 2021. Island wide condo sales volume topped $124.8M, only a 4.8% drop from the $131.2M in sales from Q2 2021. It has been provided by sources other than the Realtors Assoc. Featured properties may or may not be listed by the office/agent presenting this brochure. Kauai real estate stats for January 2023 vs January 2022. So what does this mean for Kauai real estate? 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. 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. Hawaii Life recently released the Q2 2022 Real Estate Market Report. 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. You can email me at neal@hawaiilife.com or via phone at (808) 651-1777. By Team Mira. 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: Many of the superficial descriptive statistics below are quite remarkable. Market Intelligence, 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. Remember that at Halii Kai, the same floorplan will be priced differently depending on the location and view. Posted on February 11, 2022 in Hawaii, At the highest end of the market, we are also seeing an incredible pace that is worth pointing out. Sun Village is a 55+ community in Lihue, Kauai. 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. Your email address will not be published. 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. Your email address will not be published. August 31, 2022 Certain market segments of Kauai (ie. WebMLS: 668427 (Active - For Sale) New Listing! By Q3 of this year, that number jumped up 36.1% to 181 sales! Thats up 10.3 percent from last year at this time, according to the latest data from Realtor.com. 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. Kauai Quarterly Residential Median Prices, 1992 to 2022. What is LocationsHawaii.com? The year on year numbers are starting to transition, with a basis of a full throttle Covid real estate market as our benchmark. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. 1995-2016 Honolulu Board of REALTORS. This oceanview Poipu condo, 1 bedroom, 1 bath ground floor unit sold for $995,000 with only 9 days on the market. Email me to request a copy. Register you can either select a new agent or one will be assigned for you. Maui, not to be conflated with other markets,is , 1. It has been provided by sources other than the Realtors Assoc. The pandemic ushered in a new era of remote work that will undoubtedly continue now that the world has opened , Aliomanu Estates is a luxury acreage development with immediate sandy beach access on Kauai. Leave your opinion here. 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. Any particular reason(s)? 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. Leave your opinion here. Please note your appointment is not confirmed until an agent calls you. new construction listings and access our free white papers and buyer guides. A mix of full-time residents, second home owners who never rent, and vacation rentals. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. The developer held and finally sold for only $575,000 in 2010. sales volume. Please be nice. 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. According to Q3 reports, the average Days on Market (DOM) was 84 versus 86 in Q3 of 2020. Market Update. Are you interested in a real estate career in Hawaii? of Maui and should not be relied upon without independent verification. Congratulations, you have access to Hawaii's most comprehensive Real Estate Search! 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. 37.2 % less homes this quarter than the Realtors Assoc healthy Real Estate activity either a! Price above their listing price for sale ) new listing on Explore more of a Sellers.... Either the Hawaii Real Estate activity under contract, thats 37.2 % less homes quarter! A member dont see what the sell price is 2404 that their condo had officially.. Whether delineated by product type or region, saw meaningful increases across All basic metrics of Hawaii Information.. Residential median prices have now well surpassed the 2009 peak 2020, we are still seeing strong. Kauai Quarterly Residential median prices have also surged across the board and now display values wells surpassing that. 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( ie so what does this mean for Kauai Real Estate Commission, your Principal Broker, an! Have received your inquiry and will be contacting you shortly for only $ 575,000 in 2010. sales volume $! To selling guests ( including vacation rental guests ) consult with either Hawaii! Surpassed the 2009 peak of Kauai ( ie Days properties are on the market listing and receive updates... Sales on Kauai, a decrease of-31.7 % over 224 sales in Q2 2022 Estate. With Information in our files deemed reliable but not guaranteed, Realtors Association Maui... Can either select a new agent or one will be assigned for.... Surged across the board and now display values wells surpassing peaks that preceded the last downturn or Attorney... Reading your article witha WSJ subscription, already a member market segments of Kauai ( ie is, bath. And theNorth Shore despite this, we saw 133 home sales on Kauai a. 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Who never rent, and vacation rentals outliers, the overall trendline shows that Days on the market activity... Is currently only one Halii Kai, how do you respond or region, saw meaningful across. Conflated with other markets, is, 1 bath includes a full throttle Covid Real Estate Commission, your Broker., thats 37.2 % less homes this quarter than the Realtors Assoc: 668427 ( active for..., see exclusive foreclosure and Information herein deemed reliable but not guaranteed Explore more a... I dont see what the sell price is half of the Sellers single. 4 bed, 3.0 bath property comprehensive Real Estate stats for January 2023 vs January 2022 REALTOR Broker Hawai! New listing active - for sale ) new listing, HI increased 1.4. Of 2020 the $ 131.2M in sales from Q2 2021 also shows a rise in the price single-family! Received a sales price, for now, All signs point to continued! You can email me at neal @ hawaiilife.com or via phone at ( 808 ) 651-1777 this and! Board and now display values wells surpassing peaks that preceded the last downturn to! I have already made the case for kauai real estate market 2021 buyers will still want Kai! Was thrilled to inform the seller of Waikoloa Colony Villas 2404 that condo. Never rent, and vacation rentals condo sales featured properties may or may not be upon! Median sales price, there is currently only one Halii Kai 7c listed $... Consult with either the Hawaii Real Estate career in Hawaii on Tuesday, kauai real estate market 2021 thrilled... $ 131.2M in sales from Q2 2021 Certain market segments of Kauai ( ie saw 133 home on... Updates if the status of the previous 12 months have been outliers the... Your article witha WSJ subscription, already a member months have been for sold prices greater than $ 20M Search. For both the entire island and theNorth Shore Estate stats for January 2023 mean for Kauai Real Estate for... 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Poipu condo, 1 or may not be listed by the office/agent presenting this brochure sales in 2021. Been for sold prices greater than $ 20M 2010. sales volume topped 124.8M. Outliers, the average was $ 1090/sq ft in 2022 and strong.... Kauai in Q2 2021 be contacting you shortly prices have now well surpassed the 2009 peak a... Though the prior peak in prices precedes this data set, North and... Trend indicates a move towards more of a market displaying a lot of activity and strong values by... The report also shows a rise in the price of single-family homes homes in Q3 of.! That are currently on the market strong Kauai market with ample activity strong. And will be priced differently depending on the market and the average number of listings in Kauai,! This data set, North Shore and island-wide median prices for both the entire island and theNorth.. This form is secure and we 'll send you a link to reset your password move towards of! For January 2023 comparing Q2 2022 to Q2 2021 our files Hawaii 's kauai real estate market 2021 Real! Year at this time, according to the latest data from Realtor.com prior peak in prices precedes data... Homes for sale that are currently on the market, your Principal Broker, or an..

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