The shifting Kauai real estate market continues to cool down as interest rates hover around 6% leading to less affordability for potential homebuyers. The number of single-family home sales dropped by nearly 40% last month compared to August of 2021. Condo sales also saw a decline of roughly 25% during that same time period. However, median sales prices saw a slight uptick with home prices increasing by about 5% and condos around 4%.
So what does this mean for buyers and sellers while the market adjusts? Contact Taba Realty at (808) 742-7110 and we can assist you with all your Kauai real estate and Kauai property management needs.