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Kauai

Kauai Condo Market Update 2023 vs. 2024 Sales Down, Prices Steady

Aloha! 🌺 In this video, I break down Kauai’s condominium market for the first 9 months of 2024, comparing it to 2023. While condo prices are holding steady, the number of sales is down across the island. Let’s take a closer look at the latest trends:

  • Island-Wide Condo Sales: Down by -7.59%, from 237 in 2023 to 219 in 2024.
  • South Shore: A -18.07% decrease in sales, from 83 to 68 this year.
  • North Shore: Sales down by -12%, from 50 last year to 44 in 2024.
  • Lihue: Sales fell by -11.76%, from 68 to 60 condos sold.

For September 2024 vs September of 2023 alone:

  • Condo sales dropped from 27 to 23.
  • Days on Market: Slight increase from 43 to 45 days.
  • Sold to List Price: Decreased from 96.19% in 2023 to 92.96% in 2024, still showing minimal price reductions.

Pricing Trends:

  • Median Condo Price Island-Wide: Up by 10.01%, reaching $769,000.
  • South Shore: A solid 12.56% increase, now at $887,000.
  • North Shore: A slight decrease of -3.70%, now at $1,152,500.
  • Lihue: A small uptick, with a 1.31% increase to $542,000.

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

Posted on in Buying Advice, Condos, Hawaii, Hawaii Island, Intelligence, Kauai, , , , ,

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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