Kauai Real Estate Update- To find out what Sold, was Just Listed and what went Under Contract on the island of Kauai last week click here; Kauai Real Estate Update May 26 to June 1, 2025
Poipu Beach Real Estate Update- For all of the fee simple real estate activity in Poipu Beach in the beginning of this year click here; Poipu Beach Current Market Analysis
Kiahuna Plantation Real Estate Update- Just Listed | Kiahuna Plantation #115 $375,000 (LH)
One of only 2 ground floor units available at the Kiahuna Plantation on the market! This one-bedroom, one-bath condo is air-conditioned in both the living room and bedroom, fully tiled, and thoughtfully updated throughout. Corner location with extra louvered windows, a large lanai that opens to a spacious lawn, and just a short barefoot walk to the beach. Perfectly priced at $375,000 (LH), completely turn-key.
For all of the real estate activity at the Kiahuna since the beginning of this year click here; Kiahuna Plantation Current Market Analysis
New Condominium Development Koloa Town
I had done a blog posting about a new condominium complex in Koloa Town and I’ll include a link for the video; Kauhale at Koloa Village. These are still under construction and are priced well, Buyers have been snapping these up quickly. These are located in Koloa Town (behind the shopping village) and cannot be vacation rented out, the first offering have been for residents only and over half the condos are already sold since they first came out in early April. So far, all activity so far has come from local marketing and word of mouth, prices range from $630K for a one bedroom one bath to $824K for a 2-bedroom 2-bath. This last week a unit in this complex came on the market; Just Listed Kauhale at Koloa Village
Real Estate Inventory Increasing
The number of active listings on the island of Kauai, as well as statewide, are increasing. Given the extreme lack of inventory that we’ve had this might seem like not good news but the reality is that we’re back at 2019 levels of inventory. What is keeping this increasing inventory in check are the large number of Sellers that have interest rates under 3 and 4 percent, those Sellers are not super motivated to sell, if they did where would they go? It's hard to let go of a 2.75% interest rate! For now this is a wait and see how this plays out.
Buyers have more to choose from and are taking more time to decide if they are going to buy or not, that is the reality of our market right now. I did a search on Sunday and year-to-date there had been 360 price changes island wide, only 20 of those were price increases. Sellers are clearly trying to find the price that will motivate a buyer to write an offer.
These slides are for April data and we can clearly see that the inventory for condominiums and homes are up on every island, so is the months of inventory. For single family homes Kauai has an increase of 40.29% and for condominiums 29.87%. The inventory is largely based on price.
