Kauai Real Estate Q3 Recap

Below you will find a sample of some Kauai relevant market statistics from Q3 '15. If you'd like to explore the numbers a bit deeper, check out the Q3 Kauai Snapshot here: Kauai Snapshot. If you focus on the Hanalei and Poipu districts of the Kauai Snapshot, you will see that it highlights a trend that while Hanalei has shown strong growth in both number of sales and sales volume, the Koloa market has given ground in both these metrics. With Hanalei and Koloa containing Kauai’s two luxury resort communities, the shift we observe in the data perhaps suggests a change in the average resort community Buyer’s preferences.

Kauai Residential Sales & Median Sales Price

The long-term graphic below displays median sales prices for Q3 over the past 11 years and highlights the current strength in prices. Though median residential prices have not eclipsed pre-recession prices, we are approaching these levels on the North Shore, as well as island-wide.

Kauai Annual Residential Median Sales Price

Top Performing Sales Team

It is also with great thanks and pride, that we note Q3 2015 saw Neal’s sales crest the $100M sales volume threshold, more than $60M in sales ahead of Kauai’s #2 performing agent. We are humbled, and once again, we thank you for helping us continue to be the state’s top performing sales team.

Kauai Top Producing Agents by Sales Volume

Hawaii Life Continues to Achieve Top Statewide Sales Numbers

Among residential sales in the entire state of Hawaii, our offices have sold more than $330M in volume so far this year and more than $90M in volume ahead of Hawaii’s number two office. Our commitment to top tier service, regardless of which island our clients are interested in, is why Hawaii Life continues to grow and lead the way as Buyers' and Sellers' number one choice for real estate services.

Statewide Top Producing Brokerages by Residential Sales Volume

All data in this blog is sourced from Hawaii Information Services.

Recounting El Niño Summer on Kauai & Some Historic North Shore Summer Waves

The summer of 2015 has seen warmer ocean temperatures tilt from the western to the eastern Pacific, an event known as El Niño. This change triggers shifts in global atmospheric circulation, creating atypical weather around the world. In North America, the anticipated weather effects are forecast to arise in late autumn through the winter. In strong El Niño years, which 2015 has thus far been described as, the west coast of the U.S. tends to get more rain than usual (so we hope there is some drought relief in sight).

Another effect of a typical El Niño year is a more active hurricane season in the Pacific basin, which has indeed been the case this summer. The upside of this...some of the most memorable summer waves in living memory on the north and east shores of the island. In early September, Tropical Storm Ignacio, positioned north of the state, moved in a northwesterly direction before eventually turning due North. Along its course, it fed massive surf into Kauai’s east and north shores.

At the same time, the dynamic between Ignacio and two other tropical systems, Jimena and Kilo, east and south of the islands respectively, killed the trade winds over the islands. At the expense of some hot muggy weather, we were served up large waves with no wind for clean, all-time surf conditions. The east side put on a show that many claim was the best in living memory, while the north shore was winter-esque.

What Will Winter Have in Store?

With summer officially over, we’re anxious and ready for another stellar surf season. Hopefully September’s early treat was a sign of the surf that's yet to come from this upcoming El Niño winter.