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Condo sales and prices trend upward on Kauai, Big Island

The median price of condominiums sold on Kauai and Hawaii island rose in March but single-family home purchases were mixed.

On the Garden Isle, condo prices increased 26.3 percent to $360,000 from $285,000, while on Hawaii island they edged up 0.3 percent to $310,750 from $309,950, according to data released Friday from Hawaii Information Service.

Single-family home prices slipped 0.05 percent on Kauai to $491,250 from $491,500 but rose 25.6 percent on Hawaii island to $270,000 from $215,000.

Sales rose for both housing sectors on Kauai as home sales grew 12.5 percent to 36 from 32 and condo sales gained 13 percent to 26 from 23.

On Hawaii island, home sales fell 13.7 percent to 139  from 161 and condo sales edged up 3.8 percent to 54 from 52.

MIXED RESULTS
The number of homes sold on Hawaii island in March with the median price and percentage change from the same month last year:
HOMES
  SALES MEDIAN PRICE
March 2013 139 $270,000
March 2012 161 $215,000
Pct. change -13.7% 25.6%
CONDOS
  SALES MEDIAN PRICE
March 2013 54 $310,750
March 2012 52 $309,950
Pct. change 3.8% 0.3%
 
The number of homes sold on Kauai in March with the median price and percentage change from the same month last year:
HOMES
  SALES MEDIAN PRICE
March 2013 36 $491,250
March 2012 32 $491,500
Pct. change 12.5% -0.05%
CONDOS
  SALES MEDIAN PRICE
March 2013 26 $360,000
March 2012 23 $285,000
Pct. change 13.0% 26.3%
Source: Hawaii Information Service

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