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Kauai Condo Market Trends 2024: Sales Decline, Median Prices Surprise Real Estate Update

Kauai’s condominium market continues to face challenges. Sales are trending downward, and this month even the North Shore’s median price has seen a decline. From rising HOA dues driven by insurance costs to other assessments, it’s been a tough year for condos on the island.

Here’s a quick breakdown of the numbers for January–November 2024 compared to 2023:
🏢 Island-wide Condo Sales: Down 5.05%, from 277 to 263.
📉 South Shore: Sales decreased 10.99%, from 91 to 81.
📉 North Shore: Down 8.47%, from 59 to 54.
📉 Lihue: The biggest drop, down 13.25%, from 83 to 72.

November Highlights:

✔️ Sales decreased from 22 last year to 17 this year.
✔️ Condos sold faster, with days on market dropping from 50 to 47.
✔️ The sold-to-original-list-price ratio dipped slightly, from 95.60% to 93%.

Median Prices:

📈 Island-wide: Up 9.66%, from $725,000 to $795,000.
📈 South Shore: Up 12.02%, from $799,000 to $895,000.
📉 North Shore: Down 8.54%, from $1,200,000 to $1,097,500.
📈 Lihue: Modest 4.39% increase, from $535,000 to $558,500.

Curious about how home sales did for the first 11 months? Click here for that information.

💡 Interested in what’s happening at your favorite condominium complex? Contact me for a personalized market analysis.

Get Kauai real estate updates delivered to your inbox every week. Sign up now at https://conta.cc/3scxsX4. For any questions, feel free to contact me.

🎄 Wishing you a joyful holiday season and an incredible New Year!

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

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