Although the interest rates have come down below recent highs of 7%, the Kauai real estate market still remains sluggish with single-family home sales dropping about 50% compared to November of last year. Condo sales saw an even more dramatic decline of roughly 65%. However, the median price of single-family homes continues to rise with an increase of more than 35% compared to the same time last year. Condo prices also saw a bump of about 10% during that same time period.
This past year saw some real ups and downs in the Kauai real estate market, and real estate in general. What does this mean for you as 2023 draws near? Call us today at (808) 742-7110 and we can help guide you through the volatile real estate market and assist you with all your Kauai real estate and Kauai property management inquiries.
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.