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Market Intelligence

Kauai Home Sales Year To Date May 2022 vs 2021

Aloha from Kauai! It’s the beginning of June and we can look at the first five months of this year to see where the housing market is at compared to this same time last year.

We don’t have much for sale here on Kauai and that is showing up in the number of properties that have sold.

Island wide the number of homes that sold decreased -16.61%. 261 homes have sold year to date compared to 313 the year before. For the south shore there was a decrease of 3.61%, 80 homes sold year to date compared to 83 in 2021. North Shore had a -34.09% decrease in home sales, 58 homes have sold year to date compared to 88 in 2021. Lihue had zero change from last year to this year, 19 homes had sold year to date.

I looked at the days on market for homes in May of 2022 and the average was 52 compared to 68 in May of 2021. At the time of this video there were only 85 homes that are on the market and out of that 85 only 14 of those were under $1 million.

While the number of sales are pretty much negative across the board it’s the exact opposite with the Median Price, this is up in every area of Kauai. The Median Price for a home at the end of May 2022 is 1.2 million. In 2021 it was 1,075,000 which is a 11.63% increase. On the South Shore the Median Price is now $1,206,000 compared to 1,149,000 the year before, this is a 4.96% increase. The median price for a home on the North Shore is now $2,250,000 compared to 1,697,500 in 2021 a 32.55% increase. The Median price for a home in Lihue is $930,000 compared to $736,000 the year before representing a 26.36% increase.

The original list price compared to the sold price for the month of May 2022 was at 95.8%, in May of 2021 it was 97.7%

If you are looking for a home on Kauai the why behind these figures will play a big part. I’m happy to share the reasons why the numbers are what they are and how that relates to your particular area of interest. I welcome you to give me a call. Mahalo!

Lynda Gill RS 63088
Hawaii Life
808.346.0056
Subscribe to my weekly blog by clicking this link:  https://conta.cc/3scxsX4

Posted on in 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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