One was the overall 2022 report for Waikoloa Beach resort condo sales. Scarcity appears to be one of the running themes for the market moving forward. Please be nice. January 2023 Kauai land sales decreased by 47% compared to January 2022 land sales. Featured properties may or may not be listed by the office/agent presenting this brochure. On Tuesday, I was thrilled to inform the seller of Waikoloa Colony Villas 2404 that their condo had officially sold. Condo: Tk Resort #2201 (Fractional Ownership) Asking Price: $445,000 Fee Simple Type: Fractional/Timeshare District: Kauai Quarterly Residential Median Prices, 1992 to 2022. 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. 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: new construction listings and access our free white papers and buyer guides. The year-long trend of decreasing inventory continues to push property value across the They were then able to reduce pricing during the down market that started in 2009. The 3,016 sq. 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. Hawaii's most accurate home valuation tool. Specifically, were looking at 2.3 months of inventory and an abundance of satisfied sellers! Copyright 2016, Hawaii Information Service. Leave your opinion here. Locations LLC offers thousands of Hawaii real estate listings from each major island including Oahu, Maui, Kauai, Molokai, Lanai, and the Big Island. Waimea Canyon. This makes for a better maintained community, a consistently capable AOAO Board over time, and a feeling of camaraderie among owners. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Island wide residential and condo segments saw significant declines in the number of sales, dropping roughly 32% each year-on-year during Q2. in Hawaii, Kauai, Market Intelligence, Aliomanu Estates, Sun Village C212 Lihue 55+ condo, Just Listed! DMCA Notice. 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. For Kauai, residential properties are commanding more value per square foot. DMCA Notice. Kauai Real Estate Market Report - January 2022. Sellers Market in Kauai remains hot! While the August 31, 2022 To receive a full copy of the 2Q 2022, please email me. Featured properties may or may not be listed by the office/agent presenting this brochure. Sorry for the inconvenience, Locations LLC. All rights reserved. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. Its clear that for Kauai real estate, an already low inventory is being depleted faster than in 2020. This information is believed to be accurate. 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. 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. DMCA Notice. under $1.5M, Princeville residential properties) are currently non-existent. in Hawaii, Kauai, Market Intelligence, Market Trends, Kauai, Kauai Living, Quality steel frame construction, with exterior materials that were chosen to stand up to the salt in the air. The real estate market is still setting records and its the Buyers Information herein deemed reliable but not guaranteed. That finally rose to almost $800/sq ft when I listed and sold 6F in 2021. Lauren Pingree is a REALTOR Salesperson with Hawai'i Life. This is just another depiction of a market displaying a lot of activity and strong values. Kauai Quarterly Market Update. Kauai Quarterly Residential Median Prices, 1992 to 2021. North Shore, Halii Kai 6C sold in 2016 and 2019 in the mid-$600,000s (stable market) and shot up to $1.2 million in 2022. Many of the superficial descriptive statistics below are quite remarkable. The . 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. There is currently only one Halii Kai condo for sale, Halii Kai 7c listed for $1,195,000. Kauai Quarterly Residential Median Prices, 1992 to 2020. The Median Price is up for homes as well to $990,000 compared to $830,000 in 2020. This copy is for your personal, non-commercial use only. Buying a home for the first time can be terrifyingly intimidating A pre-approval letter from a lender makes your offer stronger. Recently sold homes in Kauai, HI had a median listing home price of $969,000. Your Email address will be kept private, this form is secure and we never spam you. 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. of Maui and should not be relied upon without independent verification. By Team Mira. 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. Nationally, U.S. median home prices held steady from June to July at $385,000. Featured properties may or may not be listed by the office/agent presenting this brochure. 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. The conclusion in that post was that the original owner of 14D was just finally getting about what they paid in 2007 (although they did get strong vacation rental income through that 15 year period). It was the perfect foundation for a sellers market that is still going strong. To start your real estate search, simply enter your property type whether a home, condo, townhouse, or vacant land and then your specific location. If youre like a lot of people, you probably , Buyers are back baby! (The unit next door, 6B, is still in the hands of original owners, who paid $729,000.) 3770 Ala 'Oli Way 2201 Lihue 96766 is listed Courtesy of Hokuala Realty. Kauai sales activity is down in January 2023, with home sales down -69% and condo sales down -4% from last year. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. Kauai Monthly Residential # of Sales and Median Prices, One Year Series. Similarly, condo sales volume decreased from $46.5M in Q2 2021 to $29.3M in Q2 2022, a 37% decline. Your Email address will be kept private, this form is secure and we never spam you. 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 held and finally sold for only $575,000 in 2010. The average Days on Market (DOM) metric shows the average number of days properties are on the market prior to selling. Koloa, HI 96756. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. More than half of the sellers of single family homes received a sales price above their listing price. July 13, 2021 WebMLS: 668427 (Active - For Sale) New Listing! The North Shore saw residential sales volume of $102.9M in Q2, a year-on-year drop of 58.9%. The below chart depicts monthly sales and median prices for both the entire island and theNorth Shore. Remember that at Halii Kai, the same floorplan will be priced differently depending on the location and view. , The Fairways Villas has one of the best locations within the Waikoloa Beach Resort. Required fields are marked *. And with 167 homes currently under contract, thats 37.2% less homes this quarter than the 180 homes in Q3 2020. WebMLS: 668427 (Active - For Sale) New Listing! January 11, 2023. 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. Beth Thoma Robinson is a REALTOR Broker, Director, Conservation and Legacy Lands , BIC with Hawai'i Life. 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. 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. Q2 2022 reported an average number of days on the market as53 DOM, a decrease of-36%compared to 83 DOM Q2 2021. Location, location, location. LaurenPingree@HawaiiLife.com The year on year numbers are starting to transition, with a basis of a full throttle Covid real estate market as our benchmark. in Hawaii, Kauai, Sales, Kauai, In fact, months of inventory currently available is over 50% less than the 4.9 months we saw in 2020. North Shore, 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. Copyright Team Mira All rights reserved. Interestingly, both series saw a pop in sales for the month of December. While there are current concerns about inflation and economic slowdown on the mainland, the report indicates that the sellers market on Kauai remains strong. Copyright 2016, Hawaii Information Service. January Privacy Policy. Your Email address will be kept private, this form is secure and we never spam you. 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. In Q3 of 2020, we saw 133 home sales on Kauai. January 2022 Kauai condo sales decreased by 47.30% compared to January 2021 condo sales. Explore more of our beautiful listings at www.nealnorman.com. It has been provided by sources other than the Realtors Assoc. Register you can either select a new agent or one will be assigned for you. December 2022 and December 2021 monthly comparison Your email address will not be published. It has been provided by sources other than the Realtors Assoc. Thats up 10.3 percent from last year at this time, according to the latest data from Realtor.com. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. 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. Keep your eye on this property! of Maui and should not be relied upon without independent verification. The current months of inventory available is1.8 months, a decrease of-11.7%comparing Q2 2022 to 2 months in Q2 2021. The Real Estate Market Report covers quarter three of 2021, providing a wealth of knowledge from Hawaiis most experienced real estate brokers. Please note your appointment is not confirmed until an agent calls you. North Shore, You can email me at LaurenPingree@HawaiiLife.com or via phone at (808) 212-8058. 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. 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. Median sales prices however, with a couple of exceptions, still continued to exhibit modest increases. Required fields are marked *. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. 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 developer priced building 6 at a little over $600 a square foot in 2007. Moving here? 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! median sales price, 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. 1995-2016 Honolulu Board of REALTORS. October 26, 2021 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. 66 Kauai residential homes, 19 vacant Kauai land properties, and 62 Please be nice. Information herein deemed reliable but not guaranteed. Maui, not to be conflated with other markets,is , 1. Click the button below and we'll send you a link to reset your password. Leave your opinion here. While median prices continue their trends over the period, one of the biggest stats to jump from this chart is the year on year June comparisons for the number of sales. 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.