Kauai’s real estate market continues to see record gains as the average price of a single-family house topped one million dollars for the third month in a row. The new median sales price increased by roughly 43% compared to March of last year near the start of the pandemic. The number of houses, condos and vacant land also saw huge jumps. Sales of single-family houses saw an increase of nearly 25%, condos roughly 50%, and vacant land skyrocketed by nearly 700%.
With the island starting to open back up we can only hope that things will slowly start to get back to “normal.” Interest rates are still hovering at historically low rates so the Kauai real estate market continues to be active. Contact us today to let us know how we can help you with all of your Kauai real estate and Kauai property management needs.
Taba Realty & Development, LLC is a full service Kauai real estate company that offers assistance with buying and selling Kauai real estate and also assisting owners with their Kauai property management needs. Please contact us at (808) 742-7110 should you have any questions in regards to our services. You will discover why Taba Realty is the premium choice for all of your Kauai real estate needs.