Kauai Real Estate Market Update October 2024 | Big Changes Amid Election Anxiety
📊 Kauai Real Estate Market Update: October 2024
Election season can bring a wave of uncertainty, and this year is no exception. With 77% of Americans feeling significant stress from political events (according to the APA), it’s no surprise that this “Election Anxiety” could be influencing major decisions like buying or selling a home. But how is it impacting Kauai’s real estate market?
In today’s update, I break down the latest stats for October 2024:
- Kauai’s home sales surged by 31.76% year-over-year, with South Shore sales skyrocketing by 66.07% and North Shore not far behind with a 58.33% increase.
- Lihue, however, saw a 23.33% decline in sales, making it the only area with lower activity.
- We also explore how October itself showed slight softening trends, including a dip in homes sold and changes in the Sold Price to Original List Price ratio.
- Kauai’s median home prices jumped 26.64%, from $1,100,000 to $1,393,000. What’s driving this growth despite widespread anxiety?
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Mahalo for watching, and Aloha! 🌺
Lynda Gill RS Lic. #63088
Hawai’i Life
808.346.0056
LyndaGill@HawaiiLife.com
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