Kauai Real Estate Market Trends for Kalaheo (October 2019)

Kalaheo Real Estate in October 2019 is a Seller’s market!

The number of for sale listings was down 5.9% from the previous month. The number of sold listings the same month over
month. The number of under contract listings was up 40% compared to previous month. The Months of Inventory based on Closed Sales is 2.7.

The Average Sold Price per Square Footage was up 3.5% compared to previous month. The Median Sold Price decreased by 7% from last month. The Average Sold Price also increased by 6.9% from last month. Based on the 6 month trend, the Average Sold Price trend is “Appreciating” and the Median Sold Price trend is”Neutral”.

The Average Days on Market showed a neutral trend. The ratio of Sold Price vs. Original List Price is 92%.

Kalaheo is a Seller’s Market

Property Sales (Sold)
October property sales were 6, the same as sales last month.

Current Inventory (For Sale)
The total number of homes available this month is 16. The number of current
inventory is down 5.9% compared to the previous month.

Property Under Contract (Pended)
There was an increase of 40% in the pended properties in October, with 7
properties versus 5 last month.

The Kalaheo Real Estate Average Sold Price per Square Footage is Appreciating*

The Average Sold Price per Square Footage is a great indicator for the direction
of property values. Since Median Sold Price and Average Sold Price can be
impacted by the ‘mix’ of high or low end properties in the market, the Average
Sold Price per Square Footage is a more normalized indicator on the direction of
property values. The October 2019 Average Sold Price per Square Footage of
$468 was up 3.5% from $452 last month.

*Based on 6 month trend – Appreciating/Depreciating/Neutral

The Kalaheo Real Estate Days on Market Shows Neutral Trend

The average Days on Market (DOM) shows how many days the average
property is on the market before it sells. An upward trend in DOM trends to
indicate a move towards more of a Buyer’s market, a downward trend indicates a
move towards more of a Seller’s market. The DOM for October 2019 was 88, up
63% from 54 days last month.

The Kalaheo Real Estate Sold/Original List Price Ratio Remains Steady

The Sold Price vs. Original List Price reveals the average amount that sellers are
agreeing to come down from their original list price. The lower the ratio is below
100% the more of a Buyer’s market exists, a ratio at or above 100% indicates
more of a Seller’s market. This month Sold Price vs. Original List Price of 92% is
down 1.1% % from last month.

The Average For Sale Price is Neutral*

The Average For Sale Price in October was $1,393,000, down 2.4% from
$1,427,000 last month.

The Average Sold Price is Appreciating*

The Average Sold Price in October was $878,000, up 6.9% from $821,000 last
month.

The Median Sold Price is Neutral*

The Median Sold Price in October was $730,000, down 7% from $785,000 last
month.

*Based on 6 month trend – Appreciating/Depreciating/Neutral

Kalaheo Real Estate Months Of Inventory

A comparatively lower Months of Inventory is more beneficial for sellers while a
higher months of inventory is better for buyers.

  • Buyer’s market: more than 6 months of inventory
  • Seller’s market: less than 3 months of inventory
  • Neutral market: 3 – 6 months of inventory

Months of Inventory based on Closed Sales The October 2019 Months of Inventory based on Closed Sales of 2.7 was down 3.5% compared to last month. October 2019 is Seller’s market. Months of Inventory based on Pended Sales The October 2019 Months of Inventory based on Pended Sales of 2.3 was down 32.4% compared to last month. October 2019 is Seller’s market.

Kalaheo Real Estate Absorption Trend

It is a Seller’s Market based on Absorption Rate

Absorption Rate measures the inverse of Months of Inventory and represents
how much of the current active listings (as a percentage) are being absorbed
each month.

  • Buyer’s market: 16.67% and below
  • Seller’s market: 33.33% and above
  • Neutral market: 16.67% – 33.33%


Absorption Rate based on Closed Sales

The October 2019 Absorption Rate based on Closed Sales of 37.5 was up 6.2%
compared to last month.

Absorption Rate based on Pended Sales

The October 2019 Absorption Rate based on Pended Sales of 43.8 was up 49% compared to last month.

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