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Market Intelligence

Kauai Residential Real Estate Market Year End Review 2023

2023 was the year of a Kauai housing market crash that never happened and 2024 looks like the year that Buyers will be able to jump back into the market as interest rates soften. This is the year-end review to see how the Kauai housing market did in 2023 compared to 2022 and these two years, just couldn’t be more different. 2022 was a bull market which turned into a bear market when interest rates sharply turned upwards in the middle of the year. 2023 has been a solid year of interest rates rising and yet, prices remain high.

Sold Price vs. List Price

Despite the rise in interest rates Sellers on Kauai did not do a lot of price reductions and got 93.1% of their Sold Price to their Original List Price meaning before any price reductions were done. In 2022 it was 97.5%. The average days on market were up from 48 last year to 81 in 2023. If the home was priced correctly, Kauai home sellers made it through 2023 just fine.

If you would like data driven Kauai real estate information contact me to be added to my weekly blog. Have a wonderful day, aloha!

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Lynda Gill RS Lic. #63088
Hawai’i Life Real Estate Brokers 808.346.0056
LyndaGill@HawaiiLife.com

Posted on in Intelligence, Kauai, Market Intelligence, Market Trends, , , , , ,

Lynda Gill
About the Author

Lynda Gill

Lynda Gill is a Realtor Salesperson with Hawai'i Life. I have close to two decades of experience as a top-producing real estate agent on Kauai, where I’ve lived since 2004. I specialize in residential, relocation, and resort property sales in Poipu Beach, Lawai, Omao and Kalaheo, on the island’s South Side. Over the course of my career, I’m proud to have earned accolades and designations, including being recognized as a top performer by Hawaii Business Magazine. But what really drives me is helping my clients with one of the most significant events in their lives. There is nothing quite as satisfying as helping clients achieve their financial goals or seeing their eyes light up when the right property comes along. You can email me at lyndagill@hawaiilife.com or via phone at (808) 346-0056.

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