The Median price of a single family house on Kauai for November 2021 rose to $1,213,000. I believe this is the highest Median monthly number to date for Kauai. Although this might seem high, the good news is $1,213,000. can still buy you a substantial house.
Kauai house for $1,295,000:
6070 Kahuna Rd
Kahuna Road deck & view
This house in upper Kapahi on Kahuna Road is 2,953 square feet living area on 1.75 acres. Click on the MLS number 655161 for more information.
This link is an updated list of homes on Kauai from 1,000,000 to 2,000,000.
So what factors make a home worth 1,000,000 or over on Kauai.
- Location. You have probably heard of the old real estate adage: Location, location, location. Some locations just command a higher price. The resort areas of Poipu and Princeville are examples of this. Some buyers prefer as close to the beach as possible. Whatever the preference, location is still the determining factor in price.
- Size. It only makes sense that a larger house or larger property will command a higher price.
- Condition. Buyers will often pay more for a house that has that “newness” feel. Buying is usually an emotional experience. Sparkling counters and a house that does not need repairs screams “Buy me, Buy me”.
- On Kauai view can play a part of a house’s price. This actually can be explained better when buying a condo. You can have 2 identical floors in a condo and one will sell for 700K and the other will sell for over a million. The million dollar plus condo will have a full ocean view versus a garden view. Waipouli Beach Resort is a good example how view effects pricing.
Is it still a good time to buy a house on Kauai? Yes! This reminds me of the old Chinese proverb:
“The best time to plant a tree was 20 years ago. The second best time is now.”
Buying a house is most likely the biggest investment you will make in your life. This is a large purchase and should not be a rash decision. Buyer’s remorse is real. But I don’t regret buying a single property, even the one I lost money on. I was a good tax shelter and when I sold it for a loss I sold it to a deceased friends daughter. I felt that was a gain. All my other Kauai (& Kona) purchases have appreciated greatly. You should not second guess your intentions or goals to buy. But I’m getting off track…
Interest rates are still great and there is a decent selection of homes for sale from 1 million to 2 million dollars. The median sales price will probably go up because of the lack of affordable inventory. Both land, materials & construction costs have gone up. Buying an already built nicer home will most likely pay off in dividends, emotional & financial. In my opinion Kauai is the best place to live in the United States. That’s why I’m here. Real Estate is one of the best investments. This is how many people have made their wealth or at least a stable financial path.
The time to buy was 20 years ago and the time is now. Let me help you towards your Kauai goals to purchase your dream house or investment property.
If you’re interested in getting a few monthly statistics on Kauai family single homes including the monthly median, sign up for my monthly MailChimp newsletter Kauai Dreams Digest on the bottom of our home page at www.kauaidreams.com.
Call or email me Julie Black RB-14203 808 652-6174, kauaidreams97@gmail.com to represent you in purchasing your dream home.
