Kapaau, HI 96755 housing market

What this means

• Prices. Home values are flat over the past year (U.S.: +1.2%), 3% below their 2022-23 peak.
• Supply. Listings are 21% below the 2017-19 norm and rising (+180% vs. a year ago), still somewhat tight.
• Negotiating. Buyer leverage is high (66/100; U.S.: 54): homes sell for about 5.7% below their final list price; 12% of listings had a price cut (U.S.: 26%).
• Affordability. A mortgage on the typical home takes 44% of the median household income (U.S.: 35%); it takes about $142k a year to keep the payment at 30% of gross pay. That includes about $1,892 a year for home insurance (U.S.: $1,790).
• Disaster risk. FEMA expects about $782 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding. Flood isn't covered by standard homeowners insurance.
• Outlook. No clear direction: likely −8% to +9% over the next 12 months (62% chance of a rise).

Next 12 months

No clear direction

A rise is somewhat more likely than a fall, but not by enough to call. Likely change: −7.5% to +8.8% (80% range; middle estimate +1.8%), chance of a rise 62%, of a 5%+ drop 16%.

HouseVane's model, refit every month on local market signals and national ones, trained only on data known at the time. How accurate it has been.

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