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Kauai Real Estate Market Update 2023

Tuesday, January 17, 2023   /   by Ron Margolis - The Margolis Team

Kauai Real Estate Market Update 2023




Living in the Aloha state of Hawaii is a dream for many.

The Margolis team founder Ronnie and his wife, Gwen, have been happily living on the island of Kauai for 17 years. His passion for quality living and realty inspires him to help many people find their dream properties.

As we've entered a new year, the market is continuing to decelerate, and there are fewer real estate buying transactions. Prices have mostly stayed the same in the islands, certainly on the neighboring islands, Kauai, Maui, and the big island, because of the continued lack of inventory.

The good news for buyers is: you don't have a lot of competition out there, and there are more things to choose from. The inventories for real estate in Hawaii are rising, albeit slowly. If you're looking for a place — whether you're coming here to retire or searching for a great vacation rental property, it's an excellent time to BUY NOW. The interest rates if you're getting a mortgage are still fluctuating. Often, if the seller is flexible, the buyer can ask for a credit in lieu of a discount on the price. You can use that money to buy down the rate and keep their interest rates lower than what you see in the market.

If you have questions about a specific neighborhood property, schools, beaches, and places best for walking and hiking in Kauai —we're here to help you! ? Connect with the Margolis team, and we are ready to serve in any way we can to exceed your expectations for what a realtor can do for you.

  hawaii real estate, kauai market update, kauai real estate

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: May 28, 2024
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