Kauai’s median sale price for houses last month almost hit
$1 million, according to industry data released Thursday that also reported gains for Hawaii island’s housing market.
Single-family homes on Kauai sold for a median $985,000 in September, or 45% more than the $680,500 median in the same month last year.
The jump appeared to be driven by more sales of luxury residences in resort areas, according to the Hawaii Information Service report based on Kauai Board of Realtors data.
For instance, there were 21 homes that sold for a median
$1.5 million in Kauai’s Hanalei region last month. A year earlier there were nine Hanalei sales for a median $1.2 million, and that pushed the islandwide median higher last month.
The median price is a point at which half the sales were at a higher price and half at a lower price.
There also were 17 sales in the Koloa region, which includes Poipu, for a median $1.2 million last month compared with 14 sales for a median $791,250 a year earlier.
In Lihue four homes sold for a median $627,000 last month compared with four sales a year earlier for a median $675,000.
Overall, there were 63 single-
family home sales on Kauai last month, up 37% from 46 sales a year earlier.
In Kauai’s condominium market the number of sales dropped by 30% to 32 last month from 46 a year earlier. The median Kauai condo sale price was $562,500 last month, up 1% from $556,000 a year earlier.
On Hawaii island, sales and median prices were up for both housing categories, according to Hawaii Island Realtors data in the report.
There were 278 single-family home sales in September on the Big Island, up 28% from 217 a year earlier. The median price was up 16% to $406,250 from $350,000 in the same period.
Big Isle condo sale volume was up 4% to 81 last month from 78 a year earlier while the median price rose 24% to $450,000 from $363,500.
