For the 3rd Quarter of 2014, Kauai’s real estate activity has shown increasing sales compared to 2013 statistics in both residential and vacant land, while condo sales slightly decreased by 4%. Compared to last quarter’s statistics, residential homes show a slight increase in overall sales, while condos and vacant land activity have moderately slowed down.
When analyzing the median sale price, the overall market has risen compared to last year, with condos experiencing the highest rise in price at 15%. If comparing this quarter’s number to last quarter’s, residential homes and vacant land have marginally decreased in price. As for condos, although the number of sales have decreased, they also saw the highest increase in median price (10%).
Here on the north shore we’ve seen an increase in the overall number of sales compared to last year with land sales showing the most activity. Residential sales increased by 12% in the median sale price, while both condos and vacant land slightly decreased .
Contrary to the overall decrease in condos sales on Kauai compared to last quarter, the north shore condo sales saw an increase by 7%. However both residential and vacant land sales moderately declined, while the median price has decreased in all sectors by approximately 2%.
Not included in these statistics are several notable transactions that achieved national and international press. Early 4th sales momentum is building and we are hopeful to end the year strong.
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 Searchfeature.
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.