Hawaii island, Kauai housing markets mixed

Median prices of homes sold on Hawaii island and Kauai bumped around inconsistently in January, according to data released Monday.

In the bigger of the two neighbor island housing markets, the median sale price for single-family houses on the Big Island slipped 5 percent to $327,000 last month from $344,500 in January 2017.

Conversely, the median price for condominiums on the island rose 5 percent to $347,000 from $330,500 in the same period.

The figures were in a report from Hawaii Information Service based on data from Hawaii Island Realtors and the Kauai Board of Realtors trade associations.

The number of sales also was up and down.

There were 170 single­-family home sales on Hawaii island last month, up 12 percent from 152 sales a year earlier. Condo sales ticked down 5 percent to 55 from 58 in the same period.

On Kauai the median sale price for single-family homes surged 22 percent to $770,000 last month from $632,000 a year earlier. That was based on 45 sales, which represented a 10 percent decline from 50 sales in the year-over-year period.

Part of the reason for the bump was more high-end homes sold last month compared with a year ago. In the Hanalei region, which includes Princeville Resort, 18 homes sold for a median $1.25 million last month compared with 13 homes for a median $926,000 a year earlier.

Kauai’s condo median price decreased by 5 percent to $287,500 in January from $301,000 a year earlier. There were 34 condo sales last month, down 13 percent from 39 a year earlier.