April 2023 and April 20222 monthly comparison reveals that the number of Kauai home sales in April 2023 decreased by 63% compared to April 2022 home sales. April 2023 Kauai land sales also decreased by 63% compared to April 2022 land sales. April 2023 Kauai condo sales decreased by 52% compared to April 2022 condo sales. The demand for Kauai properties are greater than the amount of real estate inventory available, thus Kauai’s real estate prices remain high, despite the uptick in mortgage rates.
Kauai real property sales for April 2023 are reflected in the graph above. 22 Kauai residential homes, 6 vacant Kauai land properties, and 21 Kauai condos were sold on the island of Kauai, totaling 49 transactions, for the month of April 2023. The Koloa district led sales with 14 transactions, followed by Kapaa and Hanalei with 12 transactions each, followed by Lihue with 8 transactions and followed by Waimea with 3 transaction.