Kauai Real Estate Update, Quarterly Kauai Real Estate Report, Poipu Beach Real Estate Market Update

  • Lynda Gill
  • 04/26/22

Kauai Real Estate Update- What properties Sold, were Just Listed or went into Escrow last week on the island of Kauai?  Click on this link to access that information?  Kauai Real Estate Update April 18 to 24, 2022

Poipu Beach Real Estate Update-  For a Current Market Analysis for the Fee Simple properties in Poipu Beach click here:  Poipu Beach Fee Simple Current Market Analysis
For the Kiahuna Plantation click here:  
Kiahuna Plantation Current Market Analysis

Kauai Quarterly Real Estate Report
This is a special real estate report which outlines the real estate activity for the first quarter of 2022.  If you would like to know how this information pertains to your particular area of interest give me a call at 808-346-0056.  Enjoy this special edition, I think you'll find this very informative.  
The first part is an overall picture of our market and at the end I've included submarket snapshots for the South Shore, North Shore and the East Side.  

 

 

 

Kauai Real Estate Market Report, Q1 2022

Presented by Lynda Gill, REALTOR(S) 63088  |  (808) 346-0056

 
Hanalei, Kauai

Q1 2022 Reveals Shrinking Inventory and Climbing Prices: Faster Sales Strengthen Seller’s Market

 
Seller’s Market Inventory has decreased by more than -53.7% in the 12 months, while the number of sales has also decreased -28.8% over the same period. Each of the last 12 months have seen fewer and fewer active listings.Seller’s Market Inventory has decreased by more than -54% in the last 12 months, while the number of sales has also decreased -28.8% over the same period. Each of the last 12 months have seen fewer and fewer active listings.
Sold Listings -13.4% Q1 property sales were 149, -13.4% lower than the 172 sales in Q1 the previous year.
Avg Sales Price $2.093M Average Sales Price is up 23% from $1.7M in Q1 2021.  Current Inventory -54% Current Inventory is 80, down -54% from 173 in Q1 2021.
Avg Sold Price/SF +25.5%  Average Sold Price per Square Foot of $1044 was up 25.5% in Q1 ‘21 from $832 in Q1 2021.Avg Sold Price/SF +23%  Average Sold Price per Square Foot of $1032 was up 23% in Q1 ‘21 from $839 in Q1 2021.
Months of Inventory -40% Current Inventory is 1.8 months, down -40% from 3 months in Q1 2021.  Under Contract There was a -2.3% decrease in the pending properties in Q1, with 169 properties versus 173 in Q1 2021.
Days on Market -12%  The average DOM for Q1 was 76, down -12% from 86 days in Q1 2021.
 
 
 

Kauai Market Statistics Overview

 

Inventory

There are currently 80 active residential listings on Kauai, a decrease of -54%comparing Q1 2022 to Q1 2021. Number of homes available for sale have continued to decrease as inventory is absorbed at record rates and at record prices. 

There were 149 sales on Kauai in Q1 2022, a decrease of -13.4% over 172 sales in Q1 2021.

Homes under contract are currently 169, a decrease of -2.3% over the same period last year, in which 173 homes were under contract in Q1 2021.

Inventory Graph
 
 

Average Sales Price

For the first quarter of 2022, the average sales price of single family homes on Kauai was $2.093M, an increase of +23% over the average sales price of $1.7M during Q1 2021. 

Prices are holding, and continuing to rise, as inventory continues its downward trend.  

Average Sales Price Graph
 
 

Average Price Per Square Foot

Since Median Sold Price and Average Sold Price can be impacted by the mix of high or low end properties in the market, the Average Sold Price per Square Foot is a more normalized indicator on the direction of property values. 

For Kauai, the average price per square foot has shown a steady increase over the last 12 months, with the year over year increase growing to $1,032/foot at the end of Q1 ‘22, an increase of +23% comparing Q1 2022 to Q1 2021. 

Residential properties are commanding more value per square foot.

Average Price Per Square Foot Graph
 
 

Days on Market

The average Days on Market (DOM) shows how many days the average property is on the market before it sells. The downward trend indicates a move towards more of a Seller’s market. While some of the previous 12 months have been outliers, the overall trendline shows that Days on Market is decreasing. Q1 2022 reported an average number of days on the market as 76 DOM, a decrease of -12% compared to 86 DOM Q1 2021. 

Days on Market Graph
 
 

Months of Inventory

Current months of inventory available is 1.8 months, a decrease of -40%comparing Q1 2022 to the first 3 months in Q1 2021. 

The real estate market inventory on Kauai continues to be whittled down. 

Months of Inventory Graph
 
 
 

Work With Lynda

Speaking from experience, I am here to tell you that dreams can turn into reality with a bit of planning and the help of an experienced Kauai realtor. I'd love to share my expertise with you if you are thinking of making Kauai your future home.

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