Vacant land sales on the north shore of Kauai have taken a huge leap this year compared to last year.   The MLS statistics show that the sales volume has increased by a whopping 158%, the median price has increased by 57%, and the number of sales have increased by 30%.   What is going on?   Since 1/1/2016 there have been 30 vacant land sales on the north shore ranging from $175,000 to $7,700,000.  Almost half of them traded in the $1 Million plus range and consisted of view acreage, both Mauka (mountain side) and Makai (ocean side).  Two properties that sold at $5,000,000 and $7,700,000 respectively clearly fit the term “trophy property”, they were simply unique and stunning.   Currently three more high-end vacant land sales are in escrow in the price range of $2.3 – $4.95 Million.  Could Mark Zuckerberg’s recent land investment on Kauai have influenced other investors to do the same?  Kauai is certainly a small island and vacant land is a rare commodity.

Kauapea Lot 2 Sold for $7.7M.

MLS 288773 – 5.12 acres with two home sites above Secret Beach sold for $7.7M by Ruth S. Marvin, RB

Let us know if you have an interest in investing in vacant land and we’d be happy to guide you through the process.

Vacant Land Statistics October 2016

Vacant Land Statistics 2015 vs. 2016 YTD

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.

 

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