November was a pretty robust month for home sales on Hawaii island and Kauai, with significant surges in volume and mostly higher prices.
Overall, Hawaii island’s housing market had more consistent results with gains in sales and prices for both single-family homes and condominiums, according to data from Hawaii Island Realtors published Monday by the Hawaii Information Service.
There were 181 single-family homes sold on the island in November, or 36 percent more than the 133 sales for the same month last year. The median price rose 9 percent to $359,000 from $328,500.
Most of the gain in volume was concentrated in South Hilo, where there were 35 sales last month compared with 16 a year earlier. Smaller but still major gains also occurred in Puna and North Kona.
For Hawaii island condos, there were 50 sales last month, up 22 percent from 41 sales a year earlier. The median condo sale price rose 7 percent to $321,000 from $300,000.
The median is a point at which half the sales were at a higher price and half at a lower price.
On Kauai, the number of single-family home sales just about doubled to 61 last month from 31 a year earlier. According to the report from Hawaii Information based on Kauai Board of Realtors data, the gain was mostly from more sales in the Kawaihau region along with Hanalei and Waimea.
The median sale price for Kauai single-family homes edged up 2 percent to $598,000 last month from $585,000 a year earlier.
Kauai’s condo market ran counter to the trend of gains in sales and median prices, as the number of sales slipped to 27 last month from 29 a year earlier while the median price decreased 9 percent to $390,000 from $430,000.
Oahu home sales figures are scheduled to be released Wednesday. Maui home sales likely will follow a few days later.