Kauai’s real estate market activity in the 2nd Quarter of 2014 indicate growth and improvement island-wide compared to last year. The number of sales of single family homes and condos are up by about 4% across the island and vacant land sales continue to show the most growth with a 33% increase compared to last year. The east side market in particular enjoyed a dramatic increase in single family home sales (+ 73%) and vacant land sales (+ 129%).
The number of sales in the 2nd quarter have also improved in all market segments compared to the 1stquarter of 2014. The median sales price shows a positive gain island-wide for all market segments compared to 2013, with a 5-6% increase for single family and condos with vacant land enjoying an increased median sales price of 27%.
On the north shore of Kauai and in the first half of 2014, single family home sales have improved by 20%. Vacant land sales are still going very strong with a 116% increase over last year. However, condo sales have lost some momentum and are down by 4% compared to 2013.
The median sales price for single family homes on the north shore shows a positive gain of 14% while the median sales price for vacant land and condos has decreased by 4% and almost 9%, respectively.
Real estate and vacation rental activity has remained strong so far this summer as our office has been hustling and bustling. We look forward to a strong 2nd half of the year and to assisting you with your real estate needs on Kauai.
Kauai Real Estate Services and Vacation Accommodations
If you are considering buying a home on Kauai you can see some of the island’s best real estate deals by browsing through the Coldwell Banker Bali Hai Realty Kauai Real Estate Galleries, or use the Map-Based Kauai Home Search.
For the finest quality Kauai vacation rentals including luxury estates, condos, cottages and beach villas, see our Kauai Vacation Rental Galleries or use our new Map-Based Vacation Rental Search feature.
Also please feel free to give us a call. The Bali Hai Realty staff will be happy to help you find the perfect Kauai vacation rental or assist you in the process of buying or selling a Kauai home. We also offer the highest level of personalized Concierge Services to help you plan your Kauai vacation activities.