The effects of COVID-19 took its toll on the Kauai real estate market as there were significant drops in sales last month. Single-family home sales dropped by nearly 65% while condos saw a drop of about 50% compared to May of last year. The median sales price for condos dropped by roughly 40%. However, homes saw an increase in average sales price of about 17%. Interest rates still remain around record lows although there is stricter vetting in place to qualify for loans. Contact us at Taba Realty at (808) 742-7110 so we can assist you with your real estate and property management needs especially during these uncertain times.
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.