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Home prices mostly up on Kauai, Hawaii island last month


There were mostly fewer sales, though at mostly higher prices, in the housing markets on Kauai and Hawaii island in February, according to sales figures released Thursday.

The biggest change was a 46 percent spike that pushed the median sale price for single-family houses on Kauai to $730,000 last month from $499,000 a year earlier.

However, that jump doesn’t really represent a change in overall real estate values on the Garden Isle. There were only 25 homes sold that produced the median price, down from 31 in February 2014.

The mix of homes sold often sways the median sale price, a point at which half the homes sold for more and half for less.

For instance, there were six sales last month for a median $1.3 million in the Hanalei region that includes Princeville Resort. That compared with seven sales a year earlier for a median $560,000.

In the Kawaihau region, there were 11 sales for a median $578,000 last month compared with eight sales for a median $602,000 a year earlier.

Kauai’s condominium market had a smaller median price gain — 16 percent to $353,500 last month from $304,500 a year earlier — based on 22 sales in both periods.

On Hawaii island, the number of single-family house sales dipped 6 percent to 140 last month from 149 a year earlier. The median price edged up 3 percent to $322,750 from $312,000.

There were 58 Hawaii island condo sales in February, up 14 percent from 51 sales in the same month last year. The median price slipped 1 percent to $223,500 from $225,000.

Hawaii Island Realtors and the Kauai Board of Realtors produced the statistics, which were released by Hawaii Information Service.

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