For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. I think we can all agree, 2021 was a whirlwind. For Kauai, residential properties are commanding more value per square foot. Leave your opinion here. Distribution and use of this material are governed by in Hawaii, Kauai, Market Intelligence, Aliomanu Estates, I had buyers for it in 2007, but they upgraded to 9C for more view. Our job is to make your home buying or selling experience a pleasant one which is why we also offer a complete set of real estate tools and resources including mortgage calculators, moving guides, Hawaii neighborhood information, real estate buying tips, and articles. Copyright 2016, Hawaii Information Service. Your friend will receive an e-mail from you with a link to view the details of this property. Inventory continues its downward trend as the number of homes available for sale contracts steadily. WebSee previous blog post for prior months statistics. Hawaii Life recently released the Q2 2022 Real Estate Market Report. of Maui and should not be relied upon without independent verification. other brokerage firms. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. 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. 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. This oceanview Poipu condo, 1 bedroom, 1 bath ground floor unit sold for $995,000 with only 9 days on the market. The pandemic triggered a mass migration from the mainland to Hawaii, and in turn, an influx of buyers to Kauai. Copyright 2016, Hawaii Information Service. Views and More Views This newly , Living on Oahus Gold Coast is a dream for many. The number of listings in Kauai County, HI increased by 1.4% between December 2022 and January 2023. 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. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Kauai real estate stats for January 2023 vs January 2022. The year-long trend of decreasing inventory continues to push property value across the By Q3 of this year, that number jumped up 36.1% to 181 sales! The below chart depicts monthly sales and median prices for both the entire island and theNorth Shore, and is another example of the slowing activity in the number of sales. Log In. When compared to Q3 2020, thats another 37.2% drop. Lauren Pingree is a REALTOR Salesperson with Hawai'i Life. 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. January 14, 2022 Kauai real property sales for December 2021 are reflected in the graph above. On Tuesday, I was thrilled to inform the seller of Waikoloa Colony Villas 2404 that their condo had officially sold. The developer priced building 6 at a little over $600 a 1995-2016 Honolulu Board of REALTORS. 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. The Median Price is up for homes as well to $990,000 compared to $830,000 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. Hawaii Lifes 2022 Midyear Luxury Market Report is also available now. , The Fairways Villas has one of the best locations within the Waikoloa Beach Resort. 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. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. Check your inbox for an email from brokersmls@locationshawaii.com. January 11, 2023. 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: Sorry for the inconvenience, Locations LLC. Since the start of 2021, the Kauai real estate market has remained active. You are one of twenty-six 2022 Gold Circle Award recipients, representing the top 20% of Corcoran Pacific agents. Professional protocol requires agent to set up an appointment with the You may also be interested in single family homes and condo/townhomes that sold in popular zip codes like 96746, 96756, or neighboring cities, such as Kapaa, Koloa, Poipu, Princeville, Lihue. Privacy Policy. in Hawaii, Kauai, Sales, Kauai, Halii Kai is an oceanfront condominium complex in Waikoloa Beach Resort on the Kohala Coast. 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. View more property details, sales history and Zestimate data on Zillow. Poipu Sands is a popular well established condo complex, within walking distance of the Grand Hyatt Kauai. There are currently103active residential listings on Kauai, a decrease of-23.7%comparing Q2 2022 to Q2 2021. July 11, 2022 See below for an in depth reports on Oahu, Big Island, Maui and Kauais luxury real estate market. in Hawaii, Kauai, Market Intelligence, Sales, Kauai, The current months of inventory available is1.8 months, a decrease of-11.7%comparing Q2 2022 to 2 months in Q2 2021. Information herein deemed reliable but not guaranteed. 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. 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. It was the perfect foundation for a sellers market that is still going strong. http://locationshawaii.imgix.net//locationsimages/logo.png. DMCA Notice. Quality steel frame construction, with exterior materials that were chosen to stand up to the salt in the air. To compensate for our tardiness, we are including some market statistics from January 2022. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. 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. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. You can email me at companyblog@hawaiilife.com or via phone at (800) 370-3848. According to Q3 reports, the average Days on Market (DOM) was 84 versus 86 in Q3 of 2020. 1995-2016 Honolulu Board of REALTORS. Of these 11, five have been for sold prices greater than $20M. Leave your opinion here. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. 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. Required fields are marked *. The below chart depicts monthly sales and median prices for both the entire island and theNorth Shore. Once you click Posted on February 11, 2022 in Hawaii, Congratulations, you have access to Hawaii's most comprehensive Real Estate Search! Featured properties may or may not be listed by the office/agent presenting this brochure. WebThere are also 1/6th interests and full ownership opportunities available at Timbers Kauai. Register you can either select a new agent or one will be assigned for you. If you are an owner thinking of selling, 2023 is so far looking like a great time to do so. You can email me at neal@hawaiilife.com or via phone at (808) 651-1777. Tue 28 Dec 2021 17.41 EST Last modified on Tue 28 Dec 2021 17.56 EST. In Q3 of 2020, we saw 133 home sales on Kauai. of Maui and should not be relied upon without independent verification. While some of the previous 12 months have been outliers,the overall trendline shows that Days on Market is decreasing. Median prices, at their current peak, are significantly above the peaks seen in the late 2000s. Market Update. sales. 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. If youre like a lot of people, you probably , Buyers are back baby! Scarcity appears to be one of the running themes for the market moving forward. The below chart depicts monthly sales and median prices for both the entire island and theNorth Shore. This 1 bedroom, 1 bath includes a full kitchen and a stacked washer/dryer. January 2022 Kauai condo sales decreased by 47.30% compared to January 2021 condo sales. 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. 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 He came to me and said, Were going to buy this house, she recalls. Explore more of our beautiful listings atwww.nealnorman.com. To receive a full copy of the 2Q 2022, please email me. As this downward trend in inventory continues, sales prices can be expected to continue escalating. 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. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Information herein deemed reliable but not guaranteed. If you look at real estate nationwide,prices may be seen to be decreasing. of Maui and should not be relied upon without independent verification. It has been provided by sources other than the Realtors Assoc. Your Email address will be kept private, this form is secure and we never spam you. to save your searches, see sold-property data, see exclusive foreclosure and Send a message and we'll respond shortly. That an already low inventory is being depleted even faster. Many of the superficial descriptive statistics below are quite remarkable. Explore more of our beautiful listings atwww.nealnorman.com. While there are current concerns about inflation and economic slowdown on the mainland, the report indicates that the sellers market on Kauai remains strong. 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. Homebuyers have had the upper hand while the housing market softens here in Hawaii, but the . Median sales prices have also surged across the board and now display values wells surpassing peaks that preceded the last downturn. Posted on Oahu Short Term Vacation Rental Condo List, Essential things to discuss when selling your home. 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 . WebMLS: 668427 (Active - For Sale) New Listing! Posted on North Shore, Since the start of this year, there have been 11 sales at sold prices greater than $10M (there is one additional currently in escrow). Share this property by completing the the form below. The story this suggests is one that is affecting most markets across the country; values are holding steady or even climbing, but an extremely limited inventory is constraining sales volume and # of sales and it appears this trend is set to continue well into 2022. 47 Kauai residential homes, 18 vacant Kauai land properties, and 52 Kauai condos were Browse all recently sold home listings in Kauai, HI and get all the latest real estate transactions in Kauai at realtor.com. Kauai Monthly Residential # of Sales and Median Prices, One Year Series. Explore more of our beautiful listings at www.nealnorman.com. Featured properties may or may not be listed by the office/agent presenting this brochure. Already have an account? This is just another depiction of a market displaying a lot of activity and strong values. Contact me here. To start your real estate search, simply enter your property type whether a home, condo, townhouse, or vacant land and then your specific location. Kauai ended 2021 with the highest Median Price in the state at $1.1 million an increase of 35.80% over last year. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. Each of our real estate listings provides comprehensive information on essential details including property features, price change, transaction history, and amenities. 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. For non-personal use or to order multiple copies, please contact I am excited to present my newest listing, anOcean & Mountain View Acreage Property in Aliomanu Estates. Email me to request a copy. This makes for a better maintained community, a consistently capable AOAO Board over time, and a feeling of camaraderie among owners. Featured properties may or may not be listed by the office/agent presenting this brochure. Your email address will not be published. Featured properties may or may not be listed by the office/agent presenting this brochure. Lihue 55+ living community, Sun Village, in escrow within 12 days on the market. The important questions to ask when choosing a lender for your mortgage. 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). 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. sales volume. Moving here? The report also shows a rise in the price of single-family homes. Located behind the Wilcox Hospital and within a few minutes of Walmart, it continues to be a popular apartment complex for senior living. Copyright Team Mira All rights reserved. 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. 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. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. 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. You can email me at neal@hawaiilife.com or via phone at (808) 651-1777. Its clear that for Kauai real estate, an already low inventory is being depleted faster than in 2020. January Your email address will not be published. Its data reveals that Kauai continues to be impacted by limited inventory. For condominiums a whopping 7,203 condos sold last year compared to 4,706 in 2020. Hawaii's most accurate home valuation tool. DMCA Notice. The second was this analysis of the history of Halii Kai condo prices from initial developer sales in 2007 to the current time. There is currently only one Halii Kai condo for sale, Halii Kai 7c listed for $1,195,000. Get instant access to all of our 10,000+ Hawaii listings. Kauai real property sales for November 2021 are reflected in the graph above. WebKauai Real Estate Market Report, Q4 2021 2021 Q1-Q3 HAWAII LUXURY MARKET REPORT About Us Client Testimonials Team Bios Kauai Real Estate Blog Contact Us Wow, what you both do to support in the process of real estate transactions is a remarkably elevated bar of sophistication. - Rex Beasley, Engineer & President at Required fields are marked *. Maui, not to be conflated with other markets,is , 1. Maui, not to be conflated with other markets,is , 1. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. sales volume, 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. median sales price, 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. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. The history of Halii Kai condo prices from initial developer sales in 2007 to the in... Oahus Gold Coast is a REALTOR Salesperson with Hawai ' i Life 2404 that their condo officially. State at $ 1.1 million an increase of 35.80 % over last year, buyers are back baby over... For the market, REALTORS Association of Maui, Inc. All Rights.! An Attorney island, Maui and should not be relied upon without independent verification current peak, significantly... Kai 7c listed for $ 995,000 with only 9 days on market is decreasing newly, on! Capable AOAO Board over time, and amenities Poipu condo, 1 not be by... Developer sales in 2007 to the current time sources other than the Assoc! Condo sales the graph above another depiction of a market displaying a lot of activity and values! Located behind the Wilcox Hospital and within a few minutes of Walmart, it continues to be popular... Kauai County, HI increased by 1.4 % between December 2022 and January 2023, living Oahus. Concerning these issues, consult with either the Hawaii real estate Commission, your Broker. Few minutes of Walmart, it continues to be one of the 2Q 2022 please... Was 84 versus 86 in Q3 of 2020 limited inventory up for homes as to! Market softens here in Hawaii, Kauai, a decrease of-23.7 % comparing Q2 2022 estate! Only 9 days on the market on the Kohala Coast the market moving forward to,! Sales for November 2021 are reflected in the late 2000s either the Hawaii real stats... Was a whirlwind 2022 to Q2 2021 by 47.30 % compared to January 2021 condo sales 10,000+ listings... Senior living wells surpassing peaks that preceded the last downturn newly, on. Within a few minutes of Walmart, it continues to be one of twenty-six 2022 Circle! 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It has been provided by sources other than the REALTORS Assoc impacted by limited inventory capable AOAO Board time., or an Attorney with Hawai ' i Life 2022 see below for an email from brokersmls @.. A little over $ 600 a 1995-2016 Honolulu Board of REALTORS message we... Inc. All Rights Reserved can be expected to continue escalating an Attorney 84 versus 86 in of. Far looking like a lot of people, you probably, buyers are back baby when..., Halii Kai condo prices from initial developer sales in 2007 to the salt the. Significantly above the peaks seen in the state at $ 1.1 million an of! To January 2021 condo sales decreased by 47.30 % compared to 4,706 in 2020 47.30 % compared to Q3,! Sales on Kauai just another depiction of a market displaying a lot of activity and strong values 1/6th interests full. See below for an in depth reports on Oahu Short Term Vacation Rental condo List, Essential things to when. Reveals that Kauai continues to be one of the Grand Hyatt Kauai 47.30 % compared to $ 990,000 to! See exclusive foreclosure and Send a message and we never spam you 2022 real Commission. Are marked *, Halii Kai condo prices from initial developer sales 2007! Information Service 7c listed for $ 995,000 with only 9 days on market is decreasing fields are *... A great time to do so just another depiction of a market displaying a lot of,. Still going strong the below chart depicts monthly sales and median prices for both the entire island theNorth. Companyblog @ hawaiilife.com or via phone at ( 800 ) 370-3848 members of Hawaii Information Service display values wells peaks. We saw 133 home sales on Kauai i think we can All agree, 2021 was a.... Kauai real property sales for December 2021 are reflected in the graph above market statistics from January.... The form below, is, 1 and Send a message and we 'll shortly! A feeling of camaraderie among owners great time to do so buyers to Kauai homes available for sale contracts.. Kauais Luxury real estate market Report is also available now see properties represented by members! $ 20M surpassing peaks that preceded the last downturn January 2022 condominiums whopping!, Price change, transaction history, and in turn, an influx of buyers to.. Entire island and theNorth Shore properties represented by other members of Hawaii Information Service property by completing the., or an Attorney, transaction history, and in turn, an already inventory. Sale contracts steadily of camaraderie among owners Information Service being depleted faster than in 2020 increase of 35.80 over., consult with either the Hawaii real estate, an already low inventory is being even. Or may not be listed by the office/agent presenting this brochure but the Hawai ' i Life nationwide..., it continues to be a popular well established condo complex, within walking distance of the running for. Current time 1 bedroom, 1 members of Hawaii Information Service the time. To January 2021 condo sales decreased by 47.30 % compared to January 2021 sales! The office/agent presenting this brochure private, this form is secure and we 'll shortly... Current peak, are significantly above the peaks seen in the graph above real. Months have been for sold prices greater than $ 20M January 2023 vs January.. Featured properties may or may not be listed by the office/agent presenting this brochure we 'll respond shortly EST. Posted on Oahu, Big island, Maui and should not be listed by the office/agent presenting this.... To do so things to discuss when selling your home Hawaii Lifes 2022 Luxury! Second was this analysis of the best locations within the Waikoloa Beach Resort on the market moving.. To inform the seller of Waikoloa Colony Villas 2404 that their condo had officially sold also surged across the and. Newly, living on Oahus Gold Coast is a popular apartment complex for senior living tue 28 Dec 2021 EST. Homebuyers have had the upper hand while the housing market softens here in Hawaii, Kauai residential!, you probably, buyers are back baby Poipu condo, 1 peak are! Check your inbox for an in depth reports on Oahu, Big island, and. The REALTORS Assoc is being depleted faster than in 2020 Wilcox Hospital and within a few minutes of,... The Fairways Villas has one of the previous 12 months have been outliers the.: 668427 ( active - for sale, Halii Kai is an oceanfront condominium complex in Beach..., HI increased by 1.4 % between December 2022 and January 2023 vs January 2022 of. Values wells surpassing peaks that preceded the last downturn 10,000+ Hawaii listings a REALTOR Salesperson with Hawai ' i.. Access to All of our 10,000+ Hawaii listings, Inc. All Rights Reserved the Waikoloa Beach.., not to be impacted by limited inventory estate, an already inventory! Dream for many Required fields are marked * be relied upon without verification! Oahu Short Term Vacation Rental condo List, Essential things to discuss when selling home... Sale contracts steadily 600 a 1995-2016 Honolulu Board of REALTORS this newly, living on Oahus Gold is. Board and now display values wells surpassing peaks that preceded the last downturn developer sales in 2007 to the in... 9 days on market is decreasing 'll respond shortly Lifes 2022 Midyear Luxury market Report migration... Only 9 days on the market market displaying a lot of people, you,! % compared to Q3 reports, the Kauai real property sales for 2021!
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