Kauai Real Estate 2024 Recap: Sales, Prices, and Key Market Trends
🌺 Happy New Year from Kauai! 🎉 As we step into 2025, let’s take a moment to reflect on Kauai’s home sales performance in 2024. The year was filled with impressive growth, especially on the South and North Shores. But how do these numbers stack up against 2023? Let’s dive into the details!
📊 Here’s what you’ll learn in this video:
- 🏡 Home Sales Trends: Island-wide sales jumped 25.17%—from 268 in 2023 to 358 in 2024.
- South Shore led the way with a stunning 50.7% increase.
- North Shore followed closely with a 50% rise.
- Lihue saw a slight decline, down 17.14%.
- 📈 December Highlights: Steady sales (28 in both years) but improvements in days on market (69 → 62) and the sold price-to-list price ratio (90.83% → 92%).
- 💰 Median Price Insights:
- Kauai’s median home price surged 20.33%, ending at $1,368,750.
- South Shore median prices rose 16.06% to $1,450,000.
- North Shore and Lihue saw slight dips, but remain strong in value.
💡 Why This Matters:
With a median price north of $1.3M for an island of just 74,000 residents, Kauai’s real estate market continues to showcase its unique dynamics. Whether you’re buying, selling, or simply staying informed, understanding these trends is key to navigating the market.
Get Kauai real estate updates delivered to your inbox every week. Sign up now at https://conta.cc/3scxsX4. For any questions, feel free to contact me.
Lynda Gill RS Lic. #63088
Hawai’i Life Real Estate Brokers
808.346.0056
LyndaGill@HawaiiLife.com
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