Big Island, Kauai median home prices rose in February

Big Island, Kauai median home prices rose in February

Sales volume and median prices rose for homes bought on Hawaii island and Kauai in February, according to a report from Hawaii Information Service released Wednesday. The biggest segment in the two markets, single-family houses on Hawaii island, achieved a 15 percent gain in sales to 143 transactions last month compared with 124 in the same month last year. The median price edged up 6 percent to $310,000 from $293,750 in the same period. In Hawaii island’s condominium market, the number of sales rose 25 percent to 50 last month from 40 a year earlier. The median price eked out a 2 percent gain to $223,250 from $218,000.

On Kauai, there were 31 single-family house sales last month, up 29 percent from 24 sales a year earlier. The median price slipped 3 percent to $499,000 from $512,400. Kauai condo sales were flat at 21 sales last month and a year earlier. The median price, however, soared 51 percent to $340,000 from $225,000.