Looking at the annual Kauai Real Estate sales statistics for 2013 and 2014 the volume for residential sales shows substantial growth of 30.72% across the island; in particular, the sales volume in the districts of Lihue and Hanalei have increased by 45.45% respectively 57.41%. The number of home sales island-wide are up accordingly.
The median sales price across the island reports a slight increase for homes to $533,000 from last year, and a double digit percentage increase for condominiums to $345,500. Correlating to the increased home sales volume in the districts of Lihue and Hanalei, the median sales price in these areas also exhibit the highest increase for homes at $442,000 (Lihue), and $975,000 (Hanalei).
Overall, Kauai’s biggest growth in 2014 compared with 2013 has occurred in the residential home sales volume. Island-wide, the median sales price is up: for homes by 1.14%, for condominiums by 11.45% and for vacant land by 6.67%. These increases indicate and support the prediction of Hawaii’s economists for real estate values to continue appreciating in the upcoming years.
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.