Often the listing price of a property directly reflects the comparable recent sales and current listings in the vicinity of the property. But there are many other factors that can affect the listing price of a property. For example, the price could be inflated because of the seller’s emotional attachment to it or the price might be listed much lower than the last sale price because of a dip in the real estate market. The following is a breakdown of what the Kauai real estate market has to offer us in April.
In terms of price range distribution around the island of Kauai, the majority of active listings in April were priced from $800,000 to $1,999,999. Out of 358 homes listed for sale, 125 homes were in this price range, making up 35% of the market. Most of these homes are located in the Koloa District, on Kauai’s south shore.
The next most dominant price range for homes on Kauai was $400,000 to $799,999. This group is comprised of 177 homes distributed all over the island. The Kawaihau district, on Kauai’s east shore, has 38 homes for sale in this price range, and the Koloa area has about 30. Together these districts make up majority of homes offered in the $400,000-$799,999 range.
About 16% of the market is made up of homes offered from $100,000 to $399,999, or 59 homes across the island. The Koloa and Kawaihau districts both have 17 homes for sale in this price range. About 8% of Kauai’s market or 28 homes for sale were priced from $2 million to $4.9 million dollar range. Another 8% of homes for sale were homes with the listing price of $5 million or higher. These homes are predominantly located on the north shore of Kauai or the Hanalei district.
If you are interested in purchasing a home on Kauai and would like to know what is available for you around the island in your price range, please don’t hesitate to send me an email and I would be happy to assist you.