The Kauai real estate market continued its downward trend as single-family homes sales ended the year down about 35% from 2021. Single-family homes sales in December 2022 dropped more than 65% compared to the same month in 2021. Condo sales also slumped roughly 70%. Median home prices dipped slightly by about 8% while condo sales actually saw an increase in average sales price of 25%.
The market has stabilized in recent months but with interest rates still above 6% that means there are less buyers in the market with less inventory. What can we expect with this new year? Call us today at (808) 742-7110 and we can assist you with all your Kauai real estate and Kauai property management inquiries and concerns.
Taba Realty & Development, LLC is a full service Kauai real estate company that offers assistance with buying and selling Kauai real estate and also assisting owners with their Kauai property management needs. Contact us at (808) 742-7110 should you have any questions in regards to our services. You will discover why Taba Realty is the premium choice for all your Kauai real estate needs and Kauai property management needs.