September 2022 and September 2021 monthly comparison reveals that the number of Kauai home sales in September 2022 decreased by 58% compared to September 2021 home sales. September 2022 Kauai land sales decreased by 65% compared to September 2021 land sales. September 2022 Kauai condo sales decreased by 49% compared to September 2021 condo sales.
Despite the decrease in the amount of Kauai properties sold compared to last year September, it continues to be a seller’s market for Kauai properties, due to the lack of inventory and despite the increase in mortgage rates. September 2022 median prices island-wide decreased by 18% for residential properties, and increased by 135% for vacant land and .48% (less then 1 %) for condos as compared to September 2021 prices. The demand for vacant land has increased as a result of the high cost and low supply of residential homes available for sale.
