As with our Oahu luxury market update, we have transitioned to comparing stats month-to-month rather than year-to-year. This allows a more up-to-date understanding of the market since it is moving quickly and changing often. There is a lot of variation in the statistics between single-family homes and condos and across islands. However, there still remains a lack of inventory in all markets.
If you are considering selling, buying, or you need property management services, we are here to serve you. The real estate market is starting to pick up again and we have refer you to great realtors on the neighbor islands.
Kauai Market Update & Top Sales
Kauai SFH Stats September 2023 vs August 2023
- 4 Sold, down 20% from 5
- Median Price $1,624,500, down 18.5% from $1,995,000
- Sold for 94.7% of list price, compared to 100%
- 32 DOM, 20 days faster
- 75 Total Inventory, up 74.4% from 43
- The most active price range is $1,200,000-$1,299,999
Kauai Condo Stats September 2023 vs August 2023
- 8 Sold, up 33.3% from 6
- Median Price $1,367,000, up 10.5% from $1,237,500
- Sold for 96.1% of list price, compared to 97.2%
- 20 DOM, 4 days faster
- 33 Total Inventory, up 83.3% from 18
- The most active price range is $1,300,000-$1,399,999
Single-Family Home Top Sale of the Third Quarter
Haena, Hanalei
2 bedrooms | 2.5 bathrooms | 2,738 sf interior | 4.91 acres land
Why this property is spectacular: Boasts hundreds of feet of beach frontage along the coveted Makua (Tunnels) Beach and iconic mountain and ocean views and is comprised of two adjacent parcels totaling nearly five acres of land. With exquisite craftsmanship and high end finishes throughout, the meticulously maintained home was originally designed and developed by film and television stars Craig T. Nelson & Doria Cook Nelson.
Sold at: $18,160,000 in July after 103 days on market to an investor from Canada.
Picture courtesy of Redfin.com
Condo Top Sale of the Third Quarter
Kainani Villas, Kukuiula
3 bedrooms | 3 bathrooms | 1,863 sf interior
Why this property is spectacular: This unit in Kainani Villas features cathedral ceilings, a luxury kitchen, and beautiful ocean views. Pocket doors lead to spacious, covered, wrap around lanai perfect for indoor-outdoor living.
Sold at: $4,275,000 in July after 3 days on market to buyers from California.
Picture courtesy of Redfin.com
Maui Market Update & Top Sales
Maui SFH Stats September 2023 vs August 2023
- 25 Sold, up 47% from 17
- Median Price $2,350,000, up 3.3% from $2,275,000
- $998/sq ft, up 5% from $950
- Sold for 94.1% of list price, compared to 94.7%
- 116 DOM, 13 days faster
- 127 Total Inventory, up 12.3% from 113
- The most active price range is $4,900,000-$5,899,999
Maui Condo Stats September 2023 vs August 2023
- 16 Sold, down 40.7% from 27
- Median Price $1,475,000, down 20.2% from $1,850,000
- $1,596/sq ft, up 1.2% from $1,576
- Sold for 98.9% of list price, compared to 98.1%
- 81 DOM, 13 days faster
- 92 Total Inventory, up 6.9% from 86
- The most active price range is $1,400,000-1,499,999
Single-Family Home Top Sale of the Third Quarter
Makena, Kihei
4 bedrooms | 4.5 bathrooms | 5,756 sf interior | 14,270 sf land
Why this property is spectacular: Situated on the Wailea Blue golf course two blocks above Polo Beach sits this custom Wailea Golf Vistas home with unobstructed ocean views. Oversized chef’s gourmet & fully stocked kitchen with triple edged granite countertops including expanded convection cooktop, 3 sinks, 2 dishwashers, 2 ovens, 2 warming drawers, 2 microwaves, oversized SubZero refrigerator and freezer perfect for gatherings and entertaining.
Sold at:$8,400,000 in July after 338 days on market to buyers from California.
Picture courtesy of EMauiRealEstate.com
Condo Top Sale of the Third Quarter
Makena Beach Club and Residences, Kihei
4 bedrooms | 4.5 bathrooms | 4,430 sf interior
Why this property is spectacular: The unit is part of the Makena Golf and Beach Club project. It has the Molokini unit floor plan.
Sold at: $12,473,000 in August after 857 days on market to buyers from Georgia.
Picture courtesy of Redfin.com
Hawaii Island Market Update & Top Sales
Hawaii Island SFH Stats September 2023 vs August 2023
- 28 Sold, down 26.3% from 38
- Median Price $1,445,000 down 8.4% from $1,587,500
- $705/sq ft, down 9.3% from $778
- Sold for 96.5% of list price, compared to 97.4%
- 25 DOM, 9 days faster
- 175 Total Inventory, up 8.9% from 161
- The most active price range is $6,800,000-$7,799,999
Hawaii Island Condo Stats September 2023 vs August 2023
- 18 Sold, up 5.8% from 17
- Median Price $1,212,500, down 17.8% from $1,475,000
- $805/sq ft, down 23.4% from $1,051
- Sold for 99.5% of list price, compared to 100%
- 10 DOM, 2 days slower
- 29 Total Inventory, up 16% from 25
- The most active price range is $1,100,000-$1,199,999
Single-Family Home Top Sale of the Third Quarter
Kūkiʻo Golf and Beach Club, Kailua-Kona
7 bedrooms | 9.5 bathrooms | 7,927 sf interior | 40,074 sf land
Why this property is spectacular: Kūkiʻo Golf and Beach Club is a private, residential equity club located adjacent to the Four Seasons Hotel on the Kona-Kohala coast on the Big Island of Hawaii. Club membership is exclusive only to residents of Kukio, Maniniowali, and our sister property Kaupulehu. The Kūkiʻo Golf and Beach Club includes a full service clubhouse, spa and fitness facility, dining pavilion, 10-hole Tom Fazio-designed Short Course, and more.
Sold at: $27,000,000 in August before listing to an investor from California.
Picture courtesy of Redfin.com
Condo Top Sale of the Third Quarter
Kauhale Villas At Hualalai, Hualalai Resort
3 bedrooms | 3.5 bathrooms | 3,158 sf interior
Why this property is spectacular: Enjoy stunning ocean, sunset and Maui views from the saline infinity pool or basalt lava spa overlooking the 14th green of Jack Nicklaus’ Championship Hualalai Golf Course. Gourmet kitchen includes butler sink, wine cooler, walk-in pantry, and premium appliances. Finishing touches throughout include travertine flooring, custom Koa cabinetry, mahogany finishes, and exquisite wood ceiling treatments.
Sold at: $7,350,000 in September before listing to buyers from California.
Picture courtesy of Redfin.com
Source: State Tax Office & Bureau of Conveyances; Title Guaranty
To discuss the market in your area or the value of your home, please call our office at (808) 593-9826 or email concierge@caronb.com
Caron Davis, Realtor
(808) 286-5256