The developer held and finally sold for only $575,000 in 2010. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. The year-long trend of decreasing inventory continues to push property value across the Buying a home for the first time can be terrifyingly intimidating A pre-approval letter from a lender makes your offer stronger. The North Shore saw residential sales volume of $102.9M in Q2, a year-on-year drop of 58.9%. As this downward trend in inventory continues, sales prices can be expected to continue escalating. If you look at real estate nationwide,prices may be seen to be decreasing. Of these 11, five have been for sold prices greater than $20M. This information is believed to be accurate. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Brent Naylor, a Canadian entrepreneur, and his wife, Gayle Naylor, are selling their North Shore Kauai home for $22.75 million. The project was built in phases starting at the oceanfront and working back to the gate. in Hawaii, Kauai, Market Intelligence, Market Trends, Kauai, Hawaii Lifes 2022 Midyear Luxury Market Report is also available now. Known as the Grand Canyon of the Pacific, Waimea Canyon is located on the west side of Kauai and features immense, panoramic views of over 14 miles of natural beauty. Kauai Quarterly Residential Median Prices, 1992 to 2021. Maui, not to be conflated with other markets,is , 1. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. our Subscriber Agreement and by copyright law. While some of the previous 12 months have been outliers,the overall trendline shows that Days on Market is decreasing. Market Update. Copyright 2016, Hawaii Information Service. Neal Norman is a REALTOR Broker with Hawai'i Life. 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 Required fields are marked *. Posted on February 11, 2022 in Hawaii, Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. Your Email address will be kept private, this form is secure and we never spam you. The below chart depicts monthly sales and median prices for both the entire island and theNorth Shore. REALTOR(S)-76803 Poipu Sands is a popular well established condo complex, within walking distance of the Grand Hyatt Kauai. 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. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. This 1 bedroom, 1 bath includes a full kitchen and a stacked washer/dryer. Please be nice. in Hawaii, Kauai, Market Intelligence, Aliomanu Estates, Kauai Quarterly Residential Median Prices, 1992 to 2020. You can email me at neal@hawaiilife.com or via phone at (808) 651-1777. Leave your opinion here. Halii Kai continues to be a resort condo complex I can recommend without hesitation. Featured properties may or may not be listed by the office/agent presenting this brochure. Featured properties may or may not be listed by the office/agent presenting this brochure. questions. of Maui and should not be relied upon without independent verification. Lihue 55+ living community, Sun Village, in escrow within 12 days on the market. Halii Kai 6C sold in 2016 and 2019 in the mid-$600,000s (stable market) and shot up to $1.2 million in 2022. 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 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. 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. Kauai Top Producing Agents by Sales Volume, Posted on We will pre-fill the registration form with information in our files. What is LocationsHawaii.com? 1995-2016 Honolulu Board of REALTORS. Kauai Quarterly Market Update. Log In. 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. Sun Village is a. Kauai Quarterly Residential Median Prices, 1992 to 2021. 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. The developer priced building 6 at a little over $600 a square foot in 2007. All rights reserved. All rights reserved. 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 median sales price, January 11, 2023. The . If youd like to explore the numbers a bit deeper, check out the market snapshots below for January 2022 and Q4 2021, or via the following links for an enlarge versionsKauai Snapshot January 2022+Kauai Snapshot Q4 2021. 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. 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. It is on the quiet end of Waikiki Beach and , As the end of the year approaches, I have had many questions about the real estate market here on the . 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 Interestingly, both series saw a pop in sales for the month of December. The . Its data reveals that Kauai continues to be impacted by limited inventory. This long-term, 30-year overview of quarterly data paints a great picture of the historical appreciation on Kauai. Sun Village is a 55+ community in Lihue, Kauai. We will not rent, share, or sell your information. Your Email address will be kept private, this form is secure and we never spam you. It contains a link to reset your password. 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 our effort to better inform you, whether a you are a buyer or seller, we are providing a number of relevant sources to reference. Nationally, U.S. median home prices held steady from June to July at $385,000. Neal Norman is a REALTOR Broker with Hawai'i Life. , The Fairways Villas has one of the best locations within the Waikoloa Beach Resort. WebKauai's Market is constantly shifting. LaurenPingree@HawaiiLife.com That an already low inventory is being depleted even faster. By Q3 of this year, that number jumped up 36.1% to 181 sales! January 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! Privacy Policy. 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. of Maui and should not be relied upon without independent verification. https://www.wsj.com/articles/kauai-real-estate-is-so-hot-right-now-buyers-are-snapping-up-homes-sight-unseen-11620313537. to save your searches, see sold-property data, see exclusive foreclosure and Send a message and we'll respond shortly. It has been provided by sources other than the Realtors Assoc. Explore more of our beautiful listings at www.nealnorman.com. You are one of twenty-six 2022 Gold Circle Award recipients, representing the top 20% of Corcoran Pacific agents. 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. Please be nice. 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. The Ocean Club amenity. This information is believed to be accurate. Recently sold homes in Kauai, HI had a median listing home price of $969,000. Maui, not to be conflated with other markets,is , 1. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. Disclaimer: The properties we may show you may be Locations LLC listings or listings of 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. One was the overall 2022 report for Waikoloa Beach resort condo sales. This conveniently located 4.41-acre estate property with ocean-to-mountain views features a contemporary-style home, an abundant fruit orchard, and multiple accessory buildings located mere minutes away from sandy Aliomanu Beach. That finally rose to almost $800/sq ft when I listed and sold 6F in 2021. Information herein deemed reliable but not guaranteed. Every market segment, whether delineated by product type or region, saw meaningful increases across all basic metrics. Kauai real estate stats for December 2022 vs December 2021. 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. TL, 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. Kauai Market Report, If youd like to explore the numbers a bit deeper, check out the market snapshot below for Q2 2022, or via the following links for enlarged versionsKauai Snapshot Q2 2022. When single-family homes on Kauai did sell after their brief presence on the real estate market, the average sales price was 65.6% more than in Q3 of 2020, coming in at $1.903M. The . 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. Halii Kais amenities include a bar and grill open only to residents and their guests (including vacation rental guests). 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. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. Email address will be kept private, this form is secure and we 'll respond shortly is secure and never!, HI had a Median listing home price of $ 969,000, share, or an Attorney ( 808 651-1777. Kauai continues to be impacted by limited inventory monthly sales and Median prices, to... 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