Two neighbor island housing markets had mostly lower sales at mostly higher prices in November, according to trade association data released Wednesday.
The data showed relatively small median price changes for Hawaii island and larger moves on Kauai.
In single-family home transactions on Hawaii island, the number of sales slipped 4 percent to 180 last month from 188 in the year earlier period. There was a bigger decline in the number of Hawaii island condominium sales, which sank 22 percent to 49 from 63 in the same period last year.
Median prices in these same two market segments were mixed, with a 4 percent decrease to $358,000 in November from $371,250 in the same month last year for single-family homes, and a 1 percent increase to $339,000 from $336,000 for condos.
On Kauai, the number of sales was mixed while median prices were higher.
There were 40 single-family home sales last month on Kauai compared with 48 a year earlier, representing a 17 percent decrease. Condo sales rose 23 percent to 37 from 30 in the same period.
The median sale price for Kauai single-family homes rose 15 percent to $782,500 last month from $682,500 a year earlier while the condo median sale price jumped 35 percent to $550,000 from $406,000.
Double-digit increases or decreases in median prices are not uncommon for neighbor island housing markets because the sale volume is relatively small and because sales of new homes in addition to previously owned homes are counted.
Differences in the size, location, age and quality of homes sold affect the median price, which is a midpoint where half the sales were at a higher price and half at a lower price.
Hawaii Information Service produced the report based on data from the Hawaii Island Realtors and Kauai Board of Realtors trade associations.
ON THE MOVE
Avalon Group has chosen the following new project sales team for its Hale Ka Lae and Sky Ala Moana condominiums:
>> Mark Berkowitz is the new project sales manager. Berkowitz was previously head of the sales team at the high-rise project The Collection Honolulu and was part of the sales team at the Waihonua at Kewalo.
>> Tim Lee, a managing director of the retail and international investor group at Avalon Commercial, will lead Avalon’s commercial and hotel sales. Lee has more than 12 years of real estate experience and has helped foreign investors navigate the real estate environment in Hawaii.
