Kauai Condo Trends

Market Overview

(Market Graphs Below Text)

May 2025 was a Neutral market!

For sale listings: Up 62.6% from one year earlier and unchanged (0.0%) from the previous month.
Sold listings: Decreased 34.3% year over year and decreased 20.7% month over month.
Under contract listings (Pended): Up 4.2% compared to the previous month and up 4.2% compared to the previous year.
Months of Inventory based on Closed Sales: 8.7, up 148% from 3.5 in May 2024.

Property Overview

Property Types: All Condo Properties – Fee Simple –

Market Dynamics

The Average Sold Price per Square Footage was Neutral.
The May 2025 Average Sold Price per Square Footage of $882 was down 0.7% from $888 last month and up 20.5% from $732 in May of last year.

The Days on Market Showed a Rising Trend.
The Average Days on Market (DOM) for May 2025 was 116, up 51.9% from 76 last month and up 73.1% from 67 days in May of last year.

The Sold/Original List Price Ratio was Steady.
This month Sold Price vs. Original List Price of 92% was up 3.4% from last month’s 89% and down 4.2% from 96% in May of last year.

Pricing Trends

The Average For Sale Price was Depreciating.
The Average For Sale Price in May 2025 was $1,076,000, down 19.9% from $1,344,000 in May of 2024 and down 3.8% from $1,118,000 last month.

The Average Sold Price was Appreciating.
The Average Sold Price in May 2025 was $1,066,000, up 42.4% from $748,000 in May of 2024 and up 5.7% from $1,009,000 last month.

The Median Sold Price was Appreciating.
The Median Sold Price in May 2025 was $875,000, up 42.3% from $615,000 in May of 2024 and up 16.7% from $750,000 last month.

Contact Information:
Reba Roy, Corcoran Pacific Properties
Work Phone: (808) 482-9700
Email: reba.roy@corcoranpacific.com
RB-23783

Disclaimer: All reports are based on data available at the end of February 2024 and published in March 2024. Data supplied by HiCentral, RAMaui, and Hawaii Information Services MLS. Information deemed reliable but not guaranteed.