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Feb. 2023 Kauai Market Update | The Margolis Team of eXp Realty

Wednesday, March 1, 2023   /   by Ron Margolis - The Margolis Team

Feb. 2023 Kauai Market Update | The Margolis Team of eXp Realty



The current real estate market on the island of Kauai shows sales are picking up. If you want to invest in this beautiful location, know more about the trends and take a closer look at the numbers.
Since January 2023, the residential real estate market in Kauai has been
yielding, with properties selling at 10% more than their list price. The reason behind this phenomenon is the low inventory in the market. However, this has led to a steady market. As a result, it is an excellent time for buyers to take the plunge and make a purchase. Buyers can leverage this opportunity to negotiate a 2-1 or 3-2-1 buydown with the seller, secure financing, and request a credit to pay their interest rates until rates become more favorable.
A condominium in Kauai County has reached approximately $1,000,000;
finding anything below this price point can be challenging. Nonetheless, condo prices are still on the rise due to limited availability. In particular, the Lihue district is facing a shortage of inventory.
WATCH Feb. 2023 Kauai Market Update
Key Moments:
[00:00:01] Introduction: February numbers for 2023
[01:23] 12-month summary
[03:16] Kauai residential sales volume
[03:55]Condos sales volume
[06:04] Strategies for buyers as the sellers get more flexible
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Buying? bit.ly/39OGwpR
FREE Property Valuation bit.ly/2yDmKkh
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The Margolis Team of eXp Realty
4210 Hanahao Pl Ste 203 Lihue, HI 96766
Ronnie Margolis | Realtor Broker
margolisteamkauai@gmail.com
RB - 21841 | Ph. 808.346.7095
Connect with the Margolis Team today:
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List of Single Family Homes in Kapaa Under 1 million: https://www.kauaihomefinder.com/search?sortby=highestprice&acl_zip5=96746%2C+96703&minbeds=0&minbaths=0&maxprice=%241%2C000%2C000&haslat=1&haslong=1&page=1&type=grid&listingtype=Single_Family
List of Single Family Homes in Princeville Under 2 Million: https://www.kauaihomefinder.com/search?sortby=highestprice&acl_zip5=96722&minbeds=0&minbaths=0&maxprice=2%2C000%2C000&haslat=1&haslong=1&page=1&type=grid&listingtype=Single_Family
List of Single Family Homes in Kilauea Under 1.5 Million: https://www.kauaihomefinder.com/search?sortby=highestprice&acl_zip5=96754&minbeds=0&minbaths=0&maxprice=1%2C500%2C000&haslat=1&haslong=1&page=1&type=grid&listingtype=Single_Family
Life of Single Family Homes in Kilauea Above 1.5 Million: https://www.kauaihomefinder.com/search?sortby=highestprice&acl_zip5=96754&minbeds=0&minbaths=0&maxprice=0&minprice=1500000&haslat=1&haslong=1&page=1&type=grid&listingtype=Single_Family
#hawaiihomeowner #kauaiproperties #markettrends
The Margolis Team Brokered by eXp Realty
Ron Margolis
4210 Hanahao Pl, Ste 203
Lihue, HI 96766
808-346-7095

Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS. Hawaii Information System MLS. Last updated: April 19, 2024
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