Kauai Real Estate Market Overview
The Kauai real estate market is hot with many buyers struggling to find properties that meet their needs. The supply of properties is very low relative to supply which is resulting in bidding wars. All 5 Kauai regions are tight for those looking for condos. For residential homes, it's only on Kauai's North Shore that is there an abu
ndance. The chart below illustrates current conditions. For reference, most consider a 6 month supply a balanced market with anything less trending toward a seller's market. Clearly it's a seller's market big time throughout the island except for that one exception on the North Shore.
As shown, the Central Lihue area is extremely tight for both residential homes & condos. It's an especially tough market for buyers here and even more so for those needing to finance who must compete with all-cash buyers.
In this market, it's important for buyers to work with an agent who knows the island well and can provide guidance. A good reference can be found online at www.KauaiRocks.com. Buyers are welcome to contact me directly for assistance.
eXp Realty is a nationwide cloud-based brokerage licensed in Hawaii as follows:
eXp Realty, Lic. # RB-21841, 500 Ala Moana Blvd., #7-400, Honolulu, HI 96813