Ever wish you had your very own spot right along the shore?
This Aliomanu cottage might be just what you’ve been looking for here on Kaua’i—and it has been causing quite the stir online in the past few weeks, thanks to our friends over at For the Love of Old Houses.
This fee-simple, 280 square-foot oceanfront cottage is right on the water—and we mean right on the water!—offering you and yours a pluperfect opportunity to swim, snorkel, and live your best beach life. It was previously owned by the same family for over sixty years and utilized as a beach camping hub. This is truly a one-of-a-kind property with an indescribable view that truly must be seen to be believed. The cottage cannot be changed in size (but it can be repaired) and is not zoned for vacation rentals.
Currently, the property is in escrow but is taking backup offers—so don’t delay! Your new oceanfront hangout awaits 🌴🌊
March 2022 sales figures coming in strong
Speaking of hot homes on the marketplace, the March real estate statistics have been released, and Kaua’i continues to evidence a strong first quarter of 2022:
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Median sales price
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Single-family homes: $1,228,000
- Slightly down from $1.3 million last month, but an increase of nearly 14% from March of 2021 year-over-year
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Condominiums: $568,750
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Down from $762,000 in February 2022, and $660,000 in March of 2021 last year
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Average sales price
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Single-family homes: $2,815,237
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Condominiums: $690,345
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Overall, sales numbers continue to come in strong, both here on Kaua’i and across the islands—which is also keeping along national trends as well. A lack of overall inventory continues to drive prices upwards, even in the face of rising interest rates. It’s also interesting to note the ongoing disparity between average home prices and median home prices, which is heavily reflective of the Garden Isle’s high mix of luxury properties along the north shore, which tends to bring the average price upwards.
One thing’s for sure: with single-family homes spending a scant 13 days on the market and condos only lasting for 11 days (both per the median) last month, Kaua’i’s soaring housing numbers are definitely set to stay in the stratosphere in the coming months. Stay tuned with Wai’oli for all the latest as the newest figures come in!
PS: Are you looking for a way to help our island kama’aina thrive? Then look no further than the Zonta Club and their annual scholarship fund! Every year, The Zonta Club of Kaua'i Foundation awards scholarships in the amount of $1,000 or more to young women seeking to pursue higher education on the island of Kaua'i.
Scholarships are being awarded to both local high school graduates hoping to advance their education and to women returning to the workforce who would be interested in continuing their education at Kaua’i Community College.
For more information, visit zonta-kauai.org. Mahalo nui!
