The Kauai real estate market cooled down considerably in July of this year compared to the same time last year. Single-family homes, condos and even vacant land sales saw a slump of nearly 50%. Although median home sale prices dropped by roughly 10%, the average price for a condo skyrocketed by about 65%.
The shift in the real estate market is starting to cause prices to decline and listings are staying on the market longer. The rising interest rates means less competition in the real estate market, but also less affordability for most buyers. What does that mean for you? Let us help you with all your Kauai real estate and Kauai property management questions. Call us today at (808) 742-7110.
