The number of homes sold on Kauai’s South Shore and the Lihue area are up but not enough to pull the entire island’s number of sales out of being pretty much even with this same time last year. An interest rate reduction is anticipated this month and I’ll be interested to see how our Kauai real estate market responds to it.
Today I’m coming to you from a gorgeous new listing I just brought to market here on the South Shore, which makes it the perfect backdrop for talking about sales numbers.
Full details on this listing can be found here: https://lyndagill.com/properties/2889...
Let’s get to it!
Island Wide there were 261 home sales compared to 258 last year, a 1.16% increase.
The South Shore sold 78 homes in 2024 and 95 homes this year, a 21.79% increase.
North Shore sales were down -31.67% at 41 sales compared to 60 last year.
Lihue had a nice 38.10% gain, going from 21 homes sold to 29.
I’m seeing mostly price reductions and longer days on market. However, sellers are in a good position with many sitting with interest rates in the 2’s and 3’s percentage points. Most sellers and buyers right now, at least on Kauai, are just taking their time. If we get the interest rate reduction, we should see an uptick in sales. So, if you’re a buyer, my advice is get in front of this and get prequalified. By the time the herd starts moving, you’re already behind if you’re just getting started with your prequalification.
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This time it was the North Shore and Lihue that couldn’t pull the island out of their median price being down. Let’s get to those numbers.
Island Wide the median price was down -15.86%, going from $1,396,500 to this year’s $1,175,000.
Despite the higher number of sales, the South Shore was down -19.44% at $1,295,000 compared to last year’s $1,607,500.
Adversely, the North Shore’s sales were down but their median price was up 5.67% at $2,615,300; last year they were at $2,475,000.
Lihue was up even higher, their median price is now $1,150,000 compared to last year’s $980,000 — a 17.35% increase.
0:00 Kauai Home Sales
0:32 Island Wide Number of Homes Sold
0:42 South Shore Number of Homes Sold
0:52 North Shore Number of Homes Sold
1:02 Lihue Number of Homes Sold
2:02 Island Wide Median Price
2:14 South Shore Median Price
2:26 North Shore
2:40 Lihue Median Price
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Have a great rest of your day! Aloha.
Lynda Gill RS Lic. 63088
Hawai’I Life Real Estate Brokers 808.346.0056
[email protected]
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Website: https://lyndagill.com
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