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Kauai

Buying a Condominium on Kauai, Real Estate Condominium Sales July 2024

Kauai condominium prices are on the rise, even though the number of sales has dipped. We’re comparing the first seven months of this year to the same period last year to see what’s happening in the Kauai condominium market. Despite fewer sales, prices are up.

Now, let’s look at the July condominium market specifically and compare it to last year. Island-wide, there were 21 sales in July 2024, compared to 23 last July. The average days on the market dropped to 54 from 67 days last year. The sold-to-original-list price ratio decreased from 97.87% to 92.5%. This change likely reflects the increase in condominium insurance policies, which, in turn, resulted in some boards imposing assessments and increasing association dues. I’m on the watch to see if this trend continues as different condominium boards navigate these changes.

Given the diversity of condominium complexes, these numbers might not reflect your favorite complex here on Kauai. Feel free to contact me for more detailed information.

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Aloha!

Lynda Gill RS Lic. #63088
Hawai’i Life Real Estate Brokers 808.346.0056
LyndaGill@HawaiiLife.com

Posted on in Condos, Hawaii, Kauai, Market Trends, , , , ,

Lynda Gill
About the Author

Lynda Gill

Lynda Gill is a Realtor Salesperson with Hawai'i Life. I have close to two decades of experience as a top-producing real estate agent on Kauai, where I’ve lived since 2004. I specialize in residential, relocation, and resort property sales in Poipu Beach, Lawai, Omao and Kalaheo, on the island’s South Side. Over the course of my career, I’m proud to have earned accolades and designations, including being recognized as a top performer by Hawaii Business Magazine. But what really drives me is helping my clients with one of the most significant events in their lives. There is nothing quite as satisfying as helping clients achieve their financial goals or seeing their eyes light up when the right property comes along. You can email me at lyndagill@hawaiilife.com or via phone at (808) 346-0056.

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