The Kauai real estate market started to cool off last month as interest rates climbed and sales prices remain high compared to May of 2021. The median sales price for single-family homes still hovered over one-million dollars but dropped nearly 10%. However, condo prices jumped by roughly 25% during that same time period. The overall sales volume for single-family homes plummeted by about 50%.
It looks as though the real estate market may be plateauing after the last couple of years of significant gains. Let us know how we can assist you with all your Kauai real estate and Kauai property management needs.
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. Please 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 of your Kauai real estate needs.