Thursday, November 26, 2015         

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Home sales robust on Hawaii island but not on Kauai

By Star-Advertiser staff


The housing market moved in opposite directions last month for two neighbor islands, according to a report released Thursday that showed surges for Hawaii island and subdued activity on Kauai.

Hawaii island's housing market was robust, with the number of condominiums sold soaring 86 percent to 54 in November from 29 in the same month last year, according to the report from Hawaii Information Service.

Single-family home sales on Hawaii island jumped 37 percent to 162 from 118 in the same period.

Median prices on Hawaii island rose 26 percent to $309,500 from $245,000 for single-family homes, and rose 13 percent to $249,500 from $220,000 for condos.

Nearly all of the surge in condo sales occurred in North Kona, where there were 38 sales last month compared with 17 a year earlier, the report said.

On Kauai, condo sales decreased 7 percent, or by two units, to 26 in November from 28 a year earlier. The median condo price edged up 2 percent to $301,000 from $294,000.

Kauai single-family home sales fell 19 percent to 30 in November from 37 a year earlier. The median price rose 13 percent to $589,500 from $522,500.

Sales data for homes on Maui and Oahu are compiled by different sources and have yet to be published.

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