I always get asked, How is the real estate market?” You might be surprised be the answer! Home sales are still happening. Not at the pace they were pre COVID-19, but they are still happening here on Kauai.
Vacation rental home/condo sales have definitely fallen off.
According to Pacific Business News home sales prices have INCREASED by 25%. Probably bnot what you expected to hear. My guess is that there have been a lot of people waiting to buy and were not able to because of the lockdown. Now that we are able to show homes you are seeing more home sales.
Inventory is still low. So when there is something attractive and affordable, it goes right away.
Click on the link below to see the most recent stats on Kauai Home Sales.