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Market Trends

Kauai Real Estate Market Update October 2024 | Big Changes Amid Election Anxiety

📊 Kauai Real Estate Market Update: October 2024

Election season can bring a wave of uncertainty, and this year is no exception. With 77% of Americans feeling significant stress from political events (according to the APA), it’s no surprise that this “Election Anxiety” could be influencing major decisions like buying or selling a home. But how is it impacting Kauai’s real estate market?

In today’s update, I break down the latest stats for October 2024:

  • Kauai’s home sales surged by 31.76% year-over-year, with South Shore sales skyrocketing by 66.07% and North Shore not far behind with a 58.33% increase.
  • Lihue, however, saw a 23.33% decline in sales, making it the only area with lower activity.
  • We also explore how October itself showed slight softening trends, including a dip in homes sold and changes in the Sold Price to Original List Price ratio.
  • Kauai’s median home prices jumped 26.64%, from $1,100,000 to $1,393,000. What’s driving this growth despite widespread anxiety?

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Mahalo for watching, and Aloha! đŸŒș

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

Posted on in 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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