Kauai Single Family Market Trends: Year-to-Date Analysis for January 2024

Kauai Real Estate Statistics Reba Roy February 23, 2024


Market Overview

Status: Neutral

Property Overview

Property Types: All Single Family Res Properties - Fee Simple

Key Highlights

January witnessed a dynamic shift in the housing market with notable trends in property sales, inventory, and pricing analysis.
  • Property Sales: Significant increase with 29 properties sold, marking an 81.3% increase year over year and a 7.4% increase from the previous month.
  • Inventory: The total number of for sale listings decreased by 6.3% from the previous year and by 1.7% from the previous month.
  • Under Contract Listings: Saw a 10% increase from the previous month and a 43.5% increase from the previous year.

Market Dynamics

Observations on Months of Inventory, Days on Market, and the List-to-Sold Price Ratio reveal insightful market trends.
  • Months of Inventory Based on Closed Sales: Decreased to 4.1 months, down 48.3% from the previous year.
  • Days on Market: Slight increase of 6.7% from the previous year, indicating a neutral trend.
  • Sold/Original List Price Ratio: Improved to 94%, indicating sellers are getting closer to their asking price.

6 Month Trend Analysis

Both Average and Median Sold Prices are on an appreciating trend, reflecting robust growth in property values.

Absorption Rate

Detailed analysis on Closed Sales and Pending Sales absorption rates showcase the market's responsiveness.
  • Based on Closed Sales: The absorption rate of 24.6 represents a 93.7% increase compared to last year, indicating a higher pace of sales.
  • Based on Pended Sales: The rate of 28 signifies a 53.1% increase from last year, showing continued strong demand.


January 2024 has been a dynamic month for the Kauai real estate market, characterized by significant sales growth, appreciating property values, and a neutral market status. The data suggests a robust demand for residential properties on the island, with sellers achieving better prices and properties moving quickly despite a slight increase in days on market.
This report is based on data supplied by HiCentral, RAMaui, and Hawaii Information Services MLS, deemed reliable but not guaranteed. It offers a snapshot of the market at the end of January 2024, providing both buyers and sellers with essential insights into current trends and market conditions.
For more detailed information or specific inquiries, please feel free to contact us directly. Here's to a prosperous year ahead in the beautiful setting of Kauai.
Warmest Aloha,


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