Kauai Real Estate Update- The last week of 2023 was a quiet one for Kauai Real Estate, for a complete list of what Sold, was Just Listed and the properties that went Under Contract click here: Kauai Real Estate Update December 25 to 31, 2023
Poipu Beach Real Estate Update- For a Fee Simple complete 2023 Current Market Analysis click here; Poipu Beach Current Market Analysis 2023
Kiahuna Plantation Real Estate Update- The New Year is bringing a couple of changes to the Kiahuna Plantation; Phase V Landlease is going from $564 a month to $1,151.00. A nice change is the Association Dues for Phases II through V will now be a flat rate of $1,910.36. Before owners were seeing individual charges which was $1822.00 a month for dues and the electricity was billed on top of that. For a complete list of the 2023 real estate activity at the Kiahuna click here; Kiahuna Plantation Current Market Analysis
Kauai Real Estate Year End Review
2023 was the year of a Kauai housing market crash that never happened and 2024 looks like the year that Buyers will be able to jump back into the market as interest rates soften. This is the year-end review to see how the Kauai real estate market did in 2023 compared to 2022 and these two years, just couldn’t be more different. 2022 was a bull market which turned into a bear market when interest rates sharply turned upwards in the middle of the year. 2023 has been a solid year of interest rates rising and yet, prices remain high.
This wild real estate ride we’ve been on started happening on Kauai in May of 2020, since then I’ve heard every opinion that there could possibly be on what is, and what’s going to happen, most of those opinions wound up being incorrect. There was a source of information that proved to be consistently correct, Lawrence Yun the Chief Economist for the National Association of Realtors. His opinions and predictions are very data driven and completely void of hyperbole.
Below is a graph of the Year End Kauai real estate activity compared to 2022. Contact me to find out how this information relates to your Kauai Real Estate area of interest.