Q4 2024 Kauai Real Estate Market Overview
Market Snapshot: October - December 2024
The fourth quarter of 2024 showed continued strength in the Kauai real estate market, with increased sales volume across most property types. Median home prices remained stable, while condominium and land sales showed mixed trends.
📊 Key Metrics for Q4 2024
Total Sales Volume: $259.5M (Q4 2023: $244.4M)
Total Sales Transactions: 178 (Q4 2023: 167)
Median Single-Family Home Price: $1,202,500 (Q4 2023: $1,120,000)
Median Condominium Price: $837,500 (Q4 2023: $850,000)
Median Land Price: $891,000 (Q4 2023: $975,000)
📉 Year-Over-Year Market Observations
Sales volume increased as more transactions closed before year-end.
Single-family home prices rose, while condos and land saw minor price adjustments.
Number of transactions increased, reflecting steady buyer activity.
🏡 Single-Family Homes Market Trends
Median price climbed to $1.2M, continuing a year-long trend of steady growth.
The market remained active in mid-tier and luxury home segments.
Homes in high-demand neighborhoods saw competitive bidding.
🏢 Condominium Market Trends
Condo prices adjusted slightly to $837,500, reflecting shifts in buyer demand.
Some developments saw higher resale activity, while new inventory remained limited.
Investor interest remained steady, particularly in vacation rental-friendly complexes.
🌍 Land Sales & Development Trends
Median land price declined to $891K, presenting opportunities for buyers.
Development interest varied by region, with higher demand in select areas.
🔮 Outlook for 2025
Looking ahead, market conditions will likely be influenced by:
New Year Buyer Activity: Early 2025 could bring increased demand.
Inventory & Listings: Supply constraints may continue to shape pricing trends.
Interest Rates & Affordability: Mortgage conditions will remain a key factor for buyers.
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