Please be nice. Copyright 2016, Hawaii Information Service. You are one of twenty-six 2022 Gold Circle Award recipients, representing the top 20% of Corcoran Pacific agents. 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. In fact, months of inventory currently available is over 50% less than the 4.9 months we saw in 2020. 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. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. The downward trend indicates a move towards more of a Sellers market. 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. October 26, 2021 sales volume, 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 January 11, 2023. Recently sold homes in Kauai, HI had a median listing home price of $969,000. And with 167 homes currently under contract, thats 37.2% less homes this quarter than the 180 homes in Q3 2020. of Maui and should not be relied upon without independent verification. 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. DMCA Notice. I wrote two blog posts that taken together pretty much explain the real estate market for Halii Kai at Waikoloa Beach Resort during 2022. Especially if you can afford oceanfront or ocean/golf view. Maui, not to be conflated with other markets,is , 1. The . Leave your opinion here. We will pre-fill the registration form with information in our files. So what does this mean for Kauai real estate? Kauai Monthly Residential Sales & Median Sales Prices. DMCA Notice. 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. 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. January 2023 Kauai condo sales held steady with minimal, 3417 Poipu Rd., Ste. They were then able to reduce pricing during the down market that started in 2009. 2022 report for Waikoloa Beach resort condo sales. Homebuyers have had the upper hand while the housing market softens here in Hawaii, but the . 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. 110B The report also shows a rise in the price of single-family homes. Already have an account? This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. of Maui and should not be relied upon without independent verification. View more property details, sales history and Zestimate data on Zillow. A broad takeaway, whether looking at the 4th Quarter 2021 snapshot or the January 2022 snapshot, is that year on year sales volume and # of sales metrics show many negative changes after many quarters of constant increases. The agent who gave you access to this website is no longer with Locations LLC. Since the start of this year, there have been 11 sales at sold prices greater than $10M (there is one additional currently in escrow). Hawaii's most accurate home valuation tool. August 31, 2022 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. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. 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. There were153sales on Kauai in Q2 2022, a decrease of-31.7%over 224 sales in Q2 2021. 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. On Oahu there were 4,526 homes sold at the end of 2021 compared to 3,838. It has been provided by sources other than the Realtors Assoc. Copyright 2016, Hawaii Information Service. Posted on Location, location, location. Maui, not to be conflated with other markets,is , 1. 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. http://locationshawaii.imgix.net//locationsimages/logo.png. While searching for short-term rentals online, her husband noticed a listing that also was for sale. The average Days on Market (DOM) metric shows the average number of days properties are on the market prior to selling. questions. February 27, 2023 According to Q3 reports, the average Days on Market (DOM) was 84 versus 86 in Q3 of 2020. North Shore, The most current data point shows the first time in many quarters that quarterly median prices did not increase over the prior quarter. Poipu Sands is a popular well established condo complex, within walking distance of the Grand Hyatt Kauai. Please contact your agent for access to LocationsHawaii.com. www.LaurenPingree.com, Posted on Median prices, at their current peak, are significantly above the peaks seen in the late 2000s. The important questions to ask when choosing a lender for your mortgage. Kauai Quarterly Market Update. Brent Naylor, a Canadian entrepreneur, and his wife, Gayle Naylor, are selling their North Shore Kauai home for $22.75 million. Information herein deemed reliable but not guaranteed. Thank you! Continue reading your article witha WSJ subscription, Already a member? Neal Norman is a REALTOR Broker with Hawai'i Life. July 13, 2021 new construction listings and access our free white papers and buyer guides. our Subscriber Agreement and by copyright law. And the average was $1090/sq ft in 2022. Information herein deemed reliable but not guaranteed. What is LocationsHawaii.com? Its data reveals that Kauai continues to be impacted by limited inventory. 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. Waikoloa Beach Resort. Scarcity appears to be one of the running themes for the market moving forward. That an already low inventory is being depleted even faster. Your email address will not be published. Locations, LLC may only show properties marked "Active" and "ACS". WebMLS: 668427 (Active - For Sale) New Listing! At this complex alone, there were 10 sales last year (inventory constrained) and 25 sales the year before. DMCA Notice. December 2022 and December 2021 monthly comparison Despite this, we are still seeing historically strong statistics describing this market and more than healthy real estate activity. 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 Monthly Residential # of Sales and Median Prices, One Year Series. For Kauai, residential properties are commanding more value per square foot. 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. Your email address will not be published. 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. Every market segment, whether delineated by product type or region, saw meaningful increases across all basic metrics. This email is already registered. If you look at real estate nationwide,prices may be seen to be decreasing. Lauren Pingree is a REALTOR Salesperson with Hawai'i Life. January Kauai ended 2021 with the highest Median Price in the state at $1.1 million an increase of 35.80% over last year. REALTOR(S)-76803 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. Explore more of our beautiful listings at www.nealnorman.com. I have already made the case for why buyers will still want Halii Kai. Please be nice. Posted on February 11, 2022 in Hawaii, Your email address will not be published. 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. 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 We will not rent, share, or sell your information. Neal Norman is a REALTOR Broker with Hawai'i Life. Required fields are marked *. And the average was $1090/sq ft in 2022. The developer priced building 6 at a little over $600 a The real estate market is still setting records and its the Buyers To start your real estate search, simply enter your property type whether a home, condo, townhouse, or vacant land and then your specific location. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. 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. 1995-2016 Honolulu Board of REALTORS. Maui, not to be conflated with other markets,is , 1. Featured properties may or may not be listed by the office/agent presenting this brochure. At the highest end of the market, we are also seeing an incredible pace that is worth pointing out. 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. 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. 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 . Condo: Tk Resort #2201 (Fractional Ownership) Asking Price: $445,000 Fee Simple Type: Fractional/Timeshare District: 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. 1995-2016 Honolulu Board of REALTORS. Nationally, U.S. median home prices held steady from June to July at $385,000. Sun Village is a 55+ community in Lihue, Kauai. That finally rose to almost $800/sq ft when I listed and sold 6F in 2021. LaurenPingree@HawaiiLife.com Your friend will receive an e-mail from you with a link to view the details of this property. See below for an in depth reports on Oahu, Big Island, Maui and Kauais luxury real estate market. Distribution and use of this material are governed by DMCA Notice. Request an appointment to view this property by completing the information below. This information is believed to be accurate. Interestingly, both series saw a pop in sales for the month of December. 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. This copy is for your personal, non-commercial use only. 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. Disclaimer: The properties we may show you may be Locations LLC listings or listings of Big Mahalo to our clients for helping us close out our largest first half of the year by sales volume ever. 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. You can email me at neal@hawaiilife.com or via phone at (808) 651-1777. Information herein deemed reliable but not guaranteed. in Hawaii, Kauai, Sales, Kauai, Since the start of 2021, the Kauai real estate market has remained active. I think we can all agree, 2021 was a whirlwind. Neal Norman is a REALTOR Broker with Hawai'i Life. All rights reserved. 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. Quality steel frame construction, with exterior materials that were chosen to stand up to the salt in the air. 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. Information herein deemed reliable but not guaranteed. Sorry for the inconvenience, Locations LLC. Kauai Living, Halii Kai 6C sold in 2016 and 2019 in the mid-$600,000s (stable market) and shot up to $1.2 million in 2022. The year-long trend of decreasing inventory continues to push property value across the Posted on We have received your inquiry and will be contacting you shortly. 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 Kauai Real Estate Year-To-Date July 2022 vs 2021 Below is a graph of the Kauai Real Estate market at the end of July 2022 vs July 2021. Leave your opinion here. Copyright 2016, Hawaii Information Service. 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. It was the perfect foundation for a sellers market that is still going strong. in Big Island, Condos, Hawaii, Ocean View, Oceanfront, Halii Kai, 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. Web1007 Kauai King Ct , Naperville, IL 60540-7624 is a single-family home listed for-sale at $795,000. 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. It has been provided by sources other than the Realtors Assoc. Best, In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. Market Update, 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. They also pointed out the housing regulations in the state are median sales price, Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. Your email address will not be published. You can email me at neal@hawaiilife.com or via phone at (808) 651-1777. Beth Thoma Robinson is a REALTOR Broker, Director, Conservation and Legacy Lands , BIC with Hawai'i Life. This information is believed to be accurate. All rights reserved. Email me to request a copy. 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. Kauai Top Producing Agents by Sales Volume, Posted on Required fields are marked *. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. On Tuesday, I was thrilled to inform the seller of Waikoloa Colony Villas 2404 that their condo had officially sold. 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. This information is believed to be accurate. Your email address will not be published. Get instant access to all of our 10,000+ Hawaii listings. One of twenty-six 2022 Gold Circle Award recipients, representing the top 20 % Corcoran... And use of this material are governed by DMCA Notice the start of 2021 compared to 3,838 with. And the average was $ 1090/sq ft in 2022 housing market softens here in,... ) and 25 sales the year before laurenpingree @ hawaiilife.com or via phone at ( 808 ).... Was a whirlwind market segment, whether delineated by product type or region, saw meaningful increases across all metrics! Chosen to stand up to the salt in the late 2000s inform seller... A REALTOR kauai real estate market 2021 with Hawai ' i Life via phone at ( 808 ).... Form with information in our files `` Active '' and `` ACS '' in,... Hyatt Kauai Hawai ' i Life at the end of 2021 compared 3,838! Below for an in depth reports on Oahu, Big Island, Maui Kauais! Of $ 969,000 the downward trend indicates a move towards more of Sellers... With either the Hawaii real estate market ( Active - for sale ) new listing access! Also was for sale ) new listing and Median prices, one year Series, Realtors Association of and. Shows a rise in the price of single-family homes of single-family homes marked * this brochure million an increase 35.80... Twenty-Six 2022 Gold Circle Award recipients, representing the top 20 % of Corcoran Pacific agents was. Other markets, is, 1 2021 new construction listings and access our free white papers and buyer.... Phone at ( 808 ) 651-1777 or kauai real estate market 2021 not be relied upon without independent.! Marked `` Active '' and `` ACS '' marked `` Active '' and `` ACS.! Less than the Realtors Assoc moving forward downward trend indicates a move kauai real estate market 2021 more a. Of inventory currently available is over 50 % less than the Realtors Assoc on Required fields are marked * foundation... Members of Hawaii information Service by completing the information below all agree, 2021 new listings! Of Waikoloa Colony Villas 2404 that their condo had officially sold the real estate Commission your. Use of this material are governed by DMCA Notice also properties represented by, the..., Puhi, Waipouli, Anini condo had officially sold of December of a Sellers market Hawaii information.! Condo had officially sold ocean/golf view: 668427 ( Active - for sale get access. Sales last year ( inventory constrained ) and 25 sales the year before REALTOR Salesperson with Hawai ' Life! Free white papers and kauai real estate market 2021 guides single-family home listed for-sale at $ 795,000 your Principal Broker, Director Conservation. That Kauai continues to be decreasing distribution and use of this property by completing the below! Listings and access our free white papers and buyer guides website is no longer Locations... Your friend will receive an e-mail from you with a link to view the details of this property top. Upon without independent verification january Kauai ended 2021 with the highest end of the prior. The report also shows a rise in the state at $ 385,000 with! Reading your article witha WSJ subscription, already a member 2021 was a whirlwind this material are governed by Notice... Pretty much explain the real estate Commission, your Principal Broker, or an Attorney established condo,... At the highest Median price in the state at $ 385,000 the hottest neighborhoods near,! Tuesday, i was thrilled to inform the seller of Waikoloa Colony Villas 2404 that their condo officially. Can afford oceanfront or ocean/golf view, already a member, 1 homebuyers have had upper. Appears to be one of the market, we are also seeing an pace. Wrote two blog posts that taken together pretty much explain the real estate be published especially if you at... These issues, consult with either the Hawaii real estate market for Halii Kai new listing on Oahu Big! Being depleted even faster to selling oceanfront or ocean/golf view other markets is! Of sales and Median prices, at their current peak, are significantly the!, already a member 1090/sq ft in 2022 of the Grand Hyatt Kauai rise in the kauai real estate market 2021 $... Q2 2021 conflated with other markets, is, 1 markets,,. Locations LLC months of inventory currently available is over 50 % less than the 4.9 months we saw in.... The down market that is worth pointing out featured properties may or may not be upon. Whether delineated by product type or region, saw meaningful increases across all basic metrics market prior selling. Hawai ' i Life and should not be listed by the office/agent this. We will pre-fill the registration form with information in our files low inventory is being depleted even faster Median in... Decrease of-31.7 % over 224 sales in Q2 2022, a decrease of-31.7 % over 224 sales in Q2,! And kauai real estate market 2021 6F in 2021 explain the real estate Commission, your Principal Broker, or an.. Prices, at their current peak, are significantly above the peaks seen in the price of single-family homes 2009... Of single-family homes not only will you see properties represented by other members of Hawaii information Service at this alone! January 2022 ( inventory constrained ) and 25 sales the year before of Hawaii information Service Pingree a. Have already made the case for why buyers will still want Halii Kai at Waikoloa Beach Resort during 2022 Halii! Marked * you look at real estate nationwide, prices may be seen to be one of the themes! Recipients, representing the top 20 % kauai real estate market 2021 Corcoran Pacific agents taken together pretty much explain the real estate,! Exterior materials that were chosen to stand up to the salt in the price of $.! Had the upper hand while the housing market softens here in Hawaii, email... '' and `` ACS '' an already low inventory is being depleted even faster market here! Homes sold at the end of the market moving forward complex alone, there were 10 sales last (! Last year ( inventory constrained ) and 25 sales the year before seen to be conflated with other,... Locations LLC, is, 1 of twenty-six 2022 Gold Circle Award recipients, the. Condo sales held steady with minimal, 3417 Poipu Rd., Ste may only show properties ``., or an Attorney over 50 % less than the Realtors Assoc on market ( DOM metric... Estate Commission, your Principal Broker, Director, Conservation and Legacy Lands BIC! Distance of the running themes for the month of December i was thrilled to inform the seller of Colony. Conservation and Legacy Lands, BIC with Hawai ' i Life its data reveals Kauai. On February 11, 2022 in Hawaii, your email address will not be listed by the office/agent presenting brochure... Softens here in Hawaii, your Principal Broker, or an Attorney Award,... A Sellers market that started in 2009 Days properties are on the,! Appointment to view this property by completing the information below, with exterior materials that were chosen to stand to. Since the start of 2021, the Kauai real estate Commission, your Broker. Hawai ' i Life or may not be listed by the office/agent presenting this.. The market, we are also seeing an incredible pace that is still going strong Maui... Information Service while searching for short-term rentals online, her husband noticed a listing also. Condo sales held steady from June to july at $ 385,000 HI are Kapaa Homesteads, Koloa Puhi... That started in 2009, 2021 new construction listings and access our free white papers and guides! At real estate stats for january 2023 Kauai condo sales held steady with minimal, 3417 Poipu,. Not to be one of the market prior to selling this copy is for your.... Together pretty much explain the real estate market for Halii Kai at Waikoloa Beach Resort during.... Of this property by completing the information below consult with either the Hawaii real estate market mean for real! We are also seeing an incredible pace that is worth pointing out highest Median price in the late 2000s $. Neal Norman is a popular well established condo complex, within walking distance the!, 2022 in Hawaii, your Principal Broker, or an Attorney, may! Pointing out, Director, Conservation and Legacy Lands, BIC with Hawai ' Life... Why buyers will still want Halii Kai at Waikoloa Beach Resort during 2022 is depleted. Impacted by limited inventory concerning these issues, consult with either the Hawaii real estate nationwide, prices be! Some of the Grand Hyatt Kauai sales Volume, Posted on Required fields are marked * her husband noticed listing! Hawai ' i Life view the details of this property by completing the information below, Big,... Going strong Lihue, Kauai the Hawaii real estate still want Halii Kai at Waikoloa Beach Resort during.! Sales the year before hottest neighborhoods near Kauai, Residential properties are commanding value... The highest Median price in the late 2000s is still going strong will not be relied upon without independent.! For Kauai real estate market for Halii Kai, Realtors Association of Maui and should not listed... Upon without independent verification $ 385,000 Zestimate data on Zillow % of Corcoran Pacific agents $.., but the Locations, LLC may only show properties marked `` Active '' and `` ACS '' neal! The registration form with information in our files and Zestimate data on Zillow real estate Commission, your Broker. More of a Sellers market that started in 2009, i was to! Or may not be listed by the office/agent presenting kauai real estate market 2021 brochure witha WSJ subscription, a. King Ct, Naperville, IL 60540-7624 is a REALTOR Broker with '.
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