Waimea is a beautiful town, belonging to the Kauai County in the state of Hawaii. It is also a popular tourist spot and a retreat for people who want to escape from busy fast-paced life that cities generally offer. There are currently 676 housing units in this small town. Expansion in the Waimea real estate sector is expected. This makes the town an ideal place for investment in the real estate market.

Market trends

Waimea has been one of the few towns which have survived the economic and financial crisis that has enveloped the world. Despite the real estate bubble which burst in 2009 in the United States of America, over the past five years, the median sales price for homes and condominiums has increased substantially over the past five years, registering a growth of 7.4%; a testament to the high quality real estate available in the town.

However, in 2011, compared to the third quarter, the fourth quarter has experienced a decline of 30.7%. This is a value that amounts to $195,000, and the median sales price for homes and condominiums now stands at $440,000. Compared to the previous year, there has been no increase in the median sales prices of homes. The average listing price has decreased, albeit by a small amount of 0.1%. It now stands at $862,741. In comparison to the previous week, however, it represents an increase of 2.1%, amounting to $17,942. The number of listings, unfortunately, has declined. This is perhaps one of the reasons why the average listing price has also decreased. However, lower sales are expected in this quarter of the year. There has been almost no change in the average listing price and the median sales price of the average price per square foot in comparison to the previous year. The average price per square foot is now $246.

This standstill in the real estate market in Waimea over the past year is expected to change. As the stock market’s volatile condition hasn’t improved, investors are looking at alternative markets to make their investments with guaranteed returns but little amount of risk. The real estate market in Waimea is hence expected to expand and grow, and offers a bright future for investors, with assured long term returns on investment.

Mortgage rates

Waimea is home to a number of mortgage brokers, lenders and banks that offer loans at varying interest rates. The annual percentage rate in general depends on the total loan amount, the number of years of expected interest payment and the type of loan taken. The annual percentage rates vary from 3% to 5% depending on whether the loans are 15 year, 30 year or 40 year fixed type. Waimea has experienced an increase in the annual percentage rates, which is expected as this is the quarter where the real estate market in general experiences a slight decline in sales.


Waimea has a well-knit community, despite the intense diversity in the racial makeup of the people. They enjoy a comfortable life, with very low crime rates.