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 May 2023 vs April 2023
- 10 Sold, no change
- Median Price $2,285,000, up 3.8% from $2.2M
- Sold for 95.4% of list price, compared to 92.5%
- 34 DOM, 58 days faster
- 53 Total Inventory, up 8%
- The most active price range is $1,200,000-$1,299,999
Kauai Condo Stats May 2023 vs April 2023
- 9 Sold, down 10% from 10
- Median Price $1,425,000, down 35% from $2.2M
- Sold for 100% of list price, compared to 92.5%
- 10 DOM, 82 days faster
- 38 Total Inventory, down 22%
- The most active price range is $1,400,000-$1,499,999
Single-Family Home Top Sale of the Second Quarter
Poipu
4 bedrooms | 3 bathrooms | 3,004 square feet interior | 0.45 acres land
Why this property is spectacular: Kauai Kai is a spectacular oceanfront vacation rental home located along the dramatic coastline of Poipu. This home offers stunning white water and coastline views from most every room and a large custom pool, outside dining and lounge areas, two covered lanai areas and a gated entry.. Kauai Kai is a highly successful vacation rental, outfitted with two garages, additional storage space and lava rock wall surrounds.
Sold at: $7,900,000 in May after 447 days on market to a philanthropist from California.
Picture courtesy of Redfin.com
Condo Top Sale of the Second Quarter
Kukui’ula, Koloa
3 bedrooms | 3 bathrooms |1,724 square feet interior
Why this property is spectacular: Kainani Villas sit above the 3rd and 4th holes of Kukui‘ula’s Tom Weiskopf golf course, offering views of the ocean and glorious sunsets. Designed by California-based Melzer, Deckert & Ruder Architects, which has created award-winning resort homes from Kona to Dubai. The master suite has spa-inspired bathrooms featuring soaking tubs and contemporary vanity. The gourmet kitchen opens up to the lanai with bar seating.
Sold at: $3,955,000 in April after 5 days on market to buyers from California.
Picture courtesy of Redfin.com
Maui Market Update & Top Sales
Maui SFH Stats May 2023 vs April 2023
- 29 Sold, up 163% from 11
- Median Price $3,244,136, up 12.6% from $2.88M
- $1,106/sq ft, up 22% from $907
- Sold for 94.3% of list price, compared to 97.3%
- 105 DOM, 20 days slower
- 150 Total Inventory, up 4.2%
- The most active price range is $1,700,000-$1,799,999
Maui Condo Stats May 2023 vs April 2023
- 24 Sold, down 4% from 25
- Median Price $1,562,500, up 3.1% from $1.51M
- $1,477/sq ft, up 3% from $1,435
- Sold for 95.5% of list price, compared to 97.3%
- 81 DOM, 32 days faster
- 82 Total Inventory, no change
- The most active price range is $1,500,000-1,599,999
Single-Family Home Top Sale of the Second Quarter
Makena, Kihei
4 bedrooms | 4.5 bathrooms | 4,304 square feet interior | 11,403 sq ft land
Why this property is spectacular: This home is part of a 10-home exclusive community on 5 acres at Makena Place. There is a property caretaker that lives right on site in this gated community. Abundant fruit trees and flourishing greenery line the outer edges of this area. There is also a tennis court available for residents. Makena Place’s most prized perk is its proximity to two amazing beaches; it is only a five-minute stroll down to the two beautiful sandy beaches right in front of Makena Surf.
Sold at:$16,500,000 in April after 46 days on market to investors from Washington state.
Picture courtesy of EMauiRealEstate.com
Condo Top Sale of the Second Quarter
Makena Beach Club and Residences, Kihei
4 bedrooms | 4.5 bathrooms | 4,644 square feet 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: $11,213,000 in April before listing but after 854 days on market previously. Sold to investors from California.
Picture courtesy of Redfin.com
Hawaii Island Market Update & Top Sales
Hawaii Island SFH Stats May 2023 vs April 2023
- 28 Sold, up 27% from 22
- Median Price $1,575,000 down 5.5% from $1.6M
- $742/sq ft, up 1.8% from $729
- Sold for 97.7% of list price, compared to 96.7%
- 27 DOM, 40 days faster
- 120 Total Inventory, no change
- The most active price range is $1,400,000-1,699,999
Hawaii Island Condo Stats May 2023 vs April 2023
- 19 Sold, up 26.7% from 15
- Median Price $1,450,000, up 11.5% from $1.3M
- $815/sq ft, up 21% from $671
- Sold for 100% of list price, compared to 97.8%
- 28 DOM, 5 days faster
- 46 Total Inventory, down 8%
- The most active price range is $2,100,000-$2,399,999
Single-Family Home Top Sale of the Second Quarter
Hualalei Resort, Kailua-Kona
7 bedrooms | 8.5 bathrooms | 11,176 square feet interior
Why this property is spectacular: The largest custom estate located at the top of Hualalai Resort with expansive views of the entire resort, coastline and the ocean. Offers unobstructed views and seasonal sunsets with no rooftops blocking the views. Overlooking 2 holes of the member-only Tom Weiskopf Ke’olu Championship Golf Course and 3 holes of the Resort’s Jack Nicklaus Championship Golf Course straight out to the Pacific Ocean. Renovated in 2010 with 2 full kitchens, a theater, a golf simulator, a workout facility complete with workout stations, locker room, sauna, steam room, and a massage area.
Sold at: $21,000,000 in May after 88 days on market to a buyer in finance from California.
Picture courtesy of Redfin.com
Condo Top Sale of the Second Quarter
Hale Alani, Kailua-Kona
4 bedrooms | 4.5 bathrooms | 2,970 square feet interior
Why this property is spectacular: Designed by Khoi Le of Glazier Le Architects, the estate’s sophisticated exterior has a distinctive copper roof, private courtier entry, and stucco walls. Inside, large ensuite bedrooms connect effortlessly to an open-concept great room and kitchen. And mahogany sliding pocket doors create a seamless flow from the interior living space to the lanai and private front courtyard. With ample dining and seating, the 776-square foot lanai offers Hawai’i outdoor living at its best. Situated on the fairway of the 8th hole of the Rees Jones-designed golf course, the stunning west facing views of the sunset.
Sold at: $5,650,000 in April after 281 days on market to investors 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