Q1 2025 Kaua‘i Real Estate Market Report
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Residential Market Snapshot
Kauai had a lift in inventory and sales in the first quarter while median sold price is down year over year.
Behind the Numbers: Single family home sales on Kauai were up year over year for Q1. In fact, Kauai saw the biggest lift in sold listings for this quarter out of the whole state. Generally speaking some price adjustments were needed as more inventory entered the market.
Residential Market Overview
Inventory
Inventory is up in Q1, and we can see it has mostly been on the rise since Q1 last year. Still, we're not close to pre-pandemic levels. While inventory is up sold listings also increased during Q1, giving a positive signal of continued demand.
Median Sold Price
Kauai's median sold price in Q1 was down compared to last year, but this figure doesn’t tell the whole story. Median sold price is often impacted by the types of homes sold each quarter, and in Q1 the sale of workforce housing units played a role.
Average Price Per Square Foot
Like median sold price, price per square foot (ppsf) shouldn't be taken at face value. We have to look at what is happening across the island for the full picture. We're seeing quarterly changes in locations and price points of sold homes, both impacting ppsf.
Days on Market
Homes are spending more days on market (DOM) than this time last year, and this makes sense considering that buyers have a wider selection of inventory to choose from. Homes priced correctly for the current market are probably more likely to experience fewer DOM.
Months of Inventory
Months of inventory is higher YoY. One might infer this trend as a movement to a more balanced market, but we shouldn't be too quick to make that assumption. Zooming out we see months of inventory is much lower than pre-pandemic levels.
10 Year History
Kauai's median sold price has risen 71.2% over the last decade. This increase has been fueled by the state's population growth and demand for second homes alongside Kauai's limited housing inventory.
Sales by Property Type
Residential Submarket Snapshot
Selected Just For You: This snapshot gives you an overview of the kind of activity we are seeing in this part of the Island. Contact me for details.
Residential 3m+ Luxury Market Overview
Luxury homes in the $3M+ range are selling faster than this time last year.
Kauai's luxury market is quite unique and is characterized by a smaller overall inventory. Therefore we shouldn't be too quick to draw conclusions about the market from a single quarter. In Q1 we saw a lift in inventory and a drop in DOM YoY. And while median sold price was down this is likely due to the types of properties sold, not a larger market trend.
Looking Forward
Continue to monitor trends and adjust accordingly as we head into the rest of the year.
So far we are seeing healthy demand for Kauai homes alongside the addition of much needed workforce housing. Factors like interest rates and possible policy changes might influence buyer decisions moving into the next quarter.
Featured Listings
4177 KAMALANI LN, Princeville | More Info
$3,975,000 | 2,313 sqft Living | 3BR / 3BA | MLS# 716071
Modern Island Retreat - Located in the Princeville VDA. This extensively remodeled and very stylish, contemporary home is a breath of fresh air on the North Shore of Kauai! Completed in 2019...
Our 1st Quarter Sales:
$30M - ($29,815.14) We've started off the year very strong and continue to be the top-performing team on Kauai.
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Contact me and let’s discuss it together.
