Kauai real property sales for April 2022 are reflected in the graph above. 60 Kauai residential homes, 18 vacant Kauai land properties, and 43 Kauai condos were sold on the island of Kauai, totaling 121 transactions, for the month of April 2022. The Koloa district led sales with 49 transactions, followed by Kapaa with 26 transactions, followed by Hanalei with 22 transactions, followed by Lihue with 19 transactions and Waimea with 5 transactions.
See previous blog post for prior month’s statistics.
April 2022 and April 2021 monthly comparison reveals that the number of Kauai home sales in April 2022 decreased by 14.3 % compared to April 2021 home sales. April 2022 Kauai land sales increased by 12.5% compared to April 2022 land sales. April 2022 Kauai condo sales decreased by 24.56% compared to March 2021 condo sales.
On the other hand, there is no lack of people looking to buy Kauai real estate. Statistics show that it continues to be a seller’s market for Kauai properties, especially move in ready residential homes and condos. Decrease in number of sales reveal a lack of inventory. April median prices island-wide increased by 20% for residential properties, 7% for Kauai vacant land and 52% for condos as compared to April 2021 prices.