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Market Intelligence

Lihue Home Sales Dip: What’s Behind the Numbers? Kauai Real Estate Market Update 2024

Lihue stands out in Kauai’s real estate market—but not for the reasons you might expect. Unlike the South and North Shores, where vacation rentals drive demand, Lihue’s buyers are primarily full-time residents. This year, the lack of homes priced under $1 million seems to have hit the market hard, with both the number of homes sold and the median price trending down.

In this video, we’ll dive into the latest Kauai real estate numbers:

🏡 Island-wide sales are up 27.91%, with 330 homes sold compared to 258 last year.
📈 South Shore: A 52.31% increase in sales and a median price rise to $1,465,000.
📈 North Shore: A 58.82% jump in sales, with a modest median price increase to $2,382,000.
📉 Lihue: The only area with a decline, with sales down 19.35% and the median price dipping 4.23%.

📊 Looking at November specifically:

✔️ Sales were slightly down (25 in 2023 to 22 in 2024), but homes sold faster—average days on market dropped from 100 to just 52!
✔️ The sold-to-original-list-price ratio remained steady at ~90%.

💡 Whether you’re an investor, a buyer, or simply curious about Kauai’s real estate trends, this video has the insights you need. Don’t forget to like, comment, and subscribe to stay up-to-date on all things Kauai real estate!

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 a fantastic New Year. See you in 2025!

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

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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