kauai real estate market 2021

If youre like a lot of people, you probably , Buyers are back baby! 1995-2016 Honolulu Board of REALTORS. Kauai Monthly Residential # of Sales and Median Prices, One Year Series. 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 Distribution and use of this material are governed by January 14, 2022 Kauai real property sales for December 2021 are reflected in the graph above. Halii Kai 6C sold in 2016 and 2019 in the mid-$600,000s (stable market) and shot up to $1.2 million in 2022. in Big Island, Condos, Hawaii, Ocean View, Oceanfront, Halii Kai, January August 31, 2022 The below chart depicts monthly sales and median prices for both the entire island and theNorth Shore. Please note your appointment is not confirmed until an agent calls you. 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. Congratulations, you have access to Hawaii's most comprehensive Real Estate Search! Lauren Pingree is a REALTOR Salesperson with Hawai'i Life. Thats up 10.3 percent from last year at this time, according to the latest data from Realtor.com. December 2022 and December 2021 monthly comparison Send a message and we'll respond shortly. sales volume. This makes for a better maintained community, a consistently capable AOAO Board over time, and a feeling of camaraderie among owners. Keep your eye on this property! To compensate for our tardiness, we are including some market statistics from January 2022. 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. 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. All rights reserved. (The unit next door, 6B, is still in the hands of original owners, who paid $729,000.) 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. 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. agreeing to our Sun Village C212 Lihue 55+ condo, Just Listed! 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. Maui, not to be conflated with other markets,is , 1. Median prices, at their current peak, are significantly above the peaks seen in the late 2000s. Explore more of our beautiful listings atwww.nealnorman.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. At the highest end of the market, we are also seeing an incredible pace that is worth pointing out. 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). Featured properties may or may not be listed by the office/agent presenting this brochure. Some of the hottest neighborhoods near Kauai, HI are Kapaa Homesteads, Koloa, Puhi, Waipouli, Anini. Brent Naylor, a Canadian entrepreneur, and his wife, Gayle Naylor, are selling their North Shore Kauai home for $22.75 million. We will not rent, share, or sell your information. Please contact your agent for access to LocationsHawaii.com. The . It has been provided by sources other than the Realtors Assoc. 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. Interestingly, both series saw a pop in sales for the month of December. Browse all recently sold home listings in Kauai, HI and get all the latest real estate transactions in Kauai at realtor.com. Sorry for the inconvenience, Locations LLC. Big Mahalo to our clients for helping us close out our largest first half of the year by sales volume ever. All rights reserved. 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. Featured properties may or may not be listed by the office/agent presenting this brochure. They also pointed out the housing regulations in the state are Copyright 2016, Hawaii Information Service. DMCA Notice. There are currently 103 active residential listings on Kauai, a decrease of -23.7% comparing Q2 2022 to Q2 2021. 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. Inventory continues its downward trend as the Kauai Market Report, Leave your opinion here. 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. 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. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. January 2022 Kauai condo sales decreased by 47.30% compared to January 2021 condo sales. Kauai Living, Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. listings agent to show a property. Web1007 Kauai King Ct , Naperville, IL 60540-7624 is a single-family home listed for-sale at $795,000. 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. 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. Information herein deemed reliable but not guaranteed. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. We will pre-fill the registration form with information in our files. More than half of the sellers of single family homes received a sales price above their listing price. Share this property by completing the the form below. July 11, 2022 Kauai Top Producing Agents by Sales Volume, Posted on 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. Information herein deemed reliable but not guaranteed. This email is already registered. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, 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. under $1.5M, Princeville residential properties) are currently non-existent. Market Update. Required fields are marked *. That an already low inventory is being depleted even faster. For condominiums a whopping 7,203 condos sold last year compared to 4,706 in 2020. 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. 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! Your email address will not be published. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Neal Norman is a REALTOR Broker with Hawai'i Life. median sales price, This information is believed to be accurate. Your Email address will be kept private, this form is secure and we never spam you. The important questions to ask when choosing a lender for your mortgage. , The Fairways Villas has one of the best locations within the Waikoloa Beach Resort. Any particular reason(s)? The resiliency of the condo sales volume (relative to the larger decline in residential sales) may be a function of the fact that as property values have ballooned over the past year, some buyers have shifted from residential buyers to condo buyers. in Hawaii, Kauai, Market Intelligence, Sales, Kauai, 2022 report for Waikoloa Beach resort condo sales. Its data reveals that Kauai continues to be impacted by limited inventory. 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. Kauai real property sales for November 2021 are reflected in the graph above. And with 167 homes currently under contract, thats 37.2% less homes this quarter than the 180 homes in Q3 2020. Please be nice. 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. 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. 2020 & 2021 Hawaii Business Magazine Top Performer, (808) 212.8058 The year-long trend of decreasing inventory continues to push property value across the Hawaii Lifes 2022 Midyear Luxury Market Report is also available now. In 2021, the median single-family home resale price reached 2.5 times the national median price. The message is clear no matter how you parse this data Kauais real estate market is on a historic rise. Information herein deemed reliable but not guaranteed. To start your real estate search, simply enter your property type whether a home, condo, townhouse, or vacant land and then your specific location. 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