He came to me and said, Were going to buy this house, she recalls. 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. Locations LLC offers thousands of Hawaii real estate listings from each major island including Oahu, Maui, Kauai, Molokai, Lanai, and the Big Island. Your email address will not be published. Get instant access to all of our 10,000+ Hawaii listings. Neal Norman is a REALTOR Broker with Hawai'i Life. Required fields are marked *. This information is believed to be accurate. This information is believed to be accurate. Due to local MLS regulations, you will need to re-register if you would like to continue your access. All rights reserved. On Oahu there were 4,526 homes sold at the end of 2021 compared to 3,838. The . Required fields are marked *. 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. If you are an owner thinking of selling, 2023 is so far looking like a great time to do so. Hawaii's most accurate home valuation tool. 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. You have already registered using your FB account. Maui, not to be conflated with other markets,is , 1. This makes for a better maintained community, a consistently capable AOAO Board over time, and a feeling of camaraderie among owners. There were 219 properties sold in Kauai, HI. median sales price, You are one of twenty-six 2022 Gold Circle Award recipients, representing the top 20% of Corcoran Pacific agents. Sun Village is a 55+ community in Lihue, Kauai. 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. DMCA Notice. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. under $1.5M, Princeville residential properties) are currently non-existent. The downward trend indicates a move towards more of a Sellers market. Market Update, Privacy Policy. Information herein deemed reliable but not guaranteed. 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. Copyright 2016, Hawaii Information Service. of Maui and should not be relied upon without independent verification. Tue 28 Dec 2021 17.41 EST Last modified on Tue 28 Dec 2021 17.56 EST. our Subscriber Agreement and by copyright law. Sun Village is a. Kauai Quarterly Residential Median Prices, 1992 to 2022. Kauai Quarterly Market Update. Kauai ended 2021 with the highest Median Price in the state at $1.1 million an increase of 35.80% over last year. Its clear that for Kauai real estate, an already low inventory is being depleted faster than in 2020. 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 DMCA Notice. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. Lauren, I dont see what the sell price is ? Your email address will not be published. It has been provided by sources other than the Realtors Assoc. When compared to Q3 2020, thats another 37.2% drop. Oahu Short Term Vacation Rental Condo List, Essential things to discuss when selling your home. Leave your opinion here. Save this listing and receive e-mail updates if the status of the property changes. top agents. Congratulations, you have access to Hawaii's most comprehensive Real Estate Search! DMCA Notice. Contact me here. 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 . 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 Leave your opinion here. I had buyers for it in 2007, but they upgraded to 9C for more view. Kauai 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. Median sales prices however, with a couple of exceptions, still continued to exhibit modest increases. You can email me at neal@hawaiilife.com or via phone at (808) 651-1777. 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. Compared to September of 2021 Kauai lead the pack with a 12.5% increase in visitors which totaled 105,100. Halii Kai 6C is an interesting case in point. Email me to request a copy. Inventory continues its downward trend as the 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. ft. home is a 4 bed, 3.0 bath property. of Maui and should not be relied upon without independent verification. Once you click In fact, the average price per square foot has experienced a 46.1% growth spurt over the last year, with the year over year increase surging to $896.77 per foot at the end of 1995-2016 Honolulu Board of REALTORS. 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. For now, all signs point to a continued strong Kauai market with ample activity and strong value. Kauai Quarterly Residential Median Prices, 1992 to 2021. LAUREN PINGREE 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. 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. 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. 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. In fact, the average price per square foot has experienced a 46.1% growth spurt over the last year, with the year over year increase surging to $896.77 per foot at the end of September 2021. This information is believed to be accurate. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. The , When someone asks you how you are, how do you respond? On Tuesday, I was thrilled to inform the seller of Waikoloa Colony Villas 2404 that their condo had officially sold. Best, WebSee previous blog post for prior months statistics. Kauai Monthly Residential Sales & Median Sales Prices. Maui, not to be conflated with other markets,is , 1. Explore more of our beautiful listings atwww.nealnorman.com. The below chart depicts monthly sales and median prices for both the entire island and theNorth Shore. Copyright 2016, Hawaii Information Service. Information herein deemed reliable but not guaranteed. of Maui and should not be relied upon without independent verification. Halii Kai is an oceanfront condominium complex in Waikoloa Beach Resort on the Kohala Coast. Posted on While some of the previous 12 months have been outliers,the overall trendline shows that Days on Market is decreasing. 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. Specifically, were looking at 2.3 months of inventory and an abundance of satisfied sellers! 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. To start your real estate search, simply enter your property type whether a home, condo, townhouse, or vacant land and then your specific location. Your Email address will be kept private, this form is secure and we never spam you. 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. Continue reading your article witha WSJ subscription, Already a member? 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 The number of sales for each of these segments also Located behind the Wilcox Hospital and within a few minutes of Walmart, it continues to be a popular apartment complex for senior living. Leave your opinion here. 1995-2016 Honolulu Board of REALTORS. 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. Island wide residential sales volume hit $312.3M during this past quarter, a 31.9% decline from Q2 2021, yet a very strong number nonetheless. The message is clear no matter how you parse this data Kauais real estate market is on a historic rise. Leave your opinion here. to save your searches, see sold-property data, see exclusive foreclosure and That an already low inventory is being depleted even faster. DMCA Notice. On its face, seems a reasonable asking for what it is in yr current market. Market Update, Your email address will not be published. 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. Already have an account? Your email address will not be published. Hawaii Lifes 2022 Midyear Luxury Market Report is also available now. Some of the hottest neighborhoods near Kauai, HI are Kapaa Homesteads, Koloa, Puhi, Waipouli, Anini. To compensate for our tardiness, we are including some market statistics from January 2022. Remember that at Halii Kai, the same floorplan will be priced differently depending on the location and view. North Shore, Thank you! Are you interested in a real estate career in Hawaii? Share this property by completing the the form below. And with 167 homes currently under contract, thats 37.2% less homes this quarter than the 180 homes in Q3 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. 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. Every market segment, whether delineated by product type or region, saw meaningful increases across all basic metrics. This email is already registered. 47 Kauai residential homes, 18 vacant Kauai land properties, and 52 Kauai condos were This long-term, 30-year overview of quarterly data paints a great picture of the historical appreciation on Kauai. Kauai Quarterly Residential Median Prices, 1992 to 2021. Leave your opinion here. July 11, 2022 I worked for the developer of Halii Kai when we were selling pre-construction. Your Email address will be kept private, this form is secure and we never spam you. 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. If you look at real estate nationwide,prices may be seen to be decreasing. WebMLS: 668427 (Active - For Sale) New Listing! 1995-2016 Honolulu Board of REALTORS. Lihue 55+ living community, Sun Village, in escrow within 12 days on the market. Waimea Canyon. North Shore, January 2023 Kauai condo sales held steady with minimal, 3417 Poipu Rd., Ste. 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. 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. 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. Click the button below and we'll send you a link to reset your password. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Please be nice. Neal Norman is a REALTOR Broker with Hawai'i Life. This oceanview Poipu condo, 1 bedroom, 1 bath ground floor unit sold for $995,000 with only 9 days on the market. It was the perfect foundation for a sellers market that is still going strong. 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. Featured properties may or may not be listed by the office/agent presenting this brochure. Similarly, condo sales volume decreased from $46.5M in Q2 2021 to $29.3M in Q2 2022, a 37% decline. This information is believed to be accurate. Many of the superficial descriptive statistics below are quite remarkable. Home buyers reveal: 'What I wish I had known before buying my first home, Debunked! Waikoloa Beach Resort. There is currently only one Halii Kai condo for sale, Halii Kai 7c listed for $1,195,000. Register you can either select a new agent or one will be assigned for you. 66 Kauai residential homes, 19 vacant Kauai land properties, and 62 They were then able to reduce pricing during the down market that started in 2009. 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. All rights reserved. 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. Browse all recently sold home listings in Kauai, HI and get all the latest real estate transactions in Kauai at realtor.com. For Kauai, residential properties are commanding more value per square foot. median sales price, Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. Posted on This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. 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Square foot when compared to September of 2021 compared to September of 2021 compared to 3,838 depleted even.. More view searches, see sold-property data, see sold-property data, see exclusive foreclosure that. Per square foot a move towards more of a sellers market that is going!