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More homes were bought on Hawaii island and Kauai in September compared with the same month last year, according to industry data released Thursday that also showed more divergence in median prices.
The biggest change in the two neighbor island housing markets occurred in Hawaii island’s condominium market, where the number of sales jumped 33 percent to 72 last month from 54 a year earlier.
For single-family houses on Hawaii island, the number of sales rose 12 percent to 200 from 179 in the same period.
Median sale prices on the island budged only a bit. For condos the median price dipped 3 percent to $302,000 last month from $312,500 a year earlier. And for single-family houses it edged up 1 percent to $330,000 from $327,000.
On Kauai, condo sales rose by five to 36 last month from 31 a year earlier. The number of single-family house sales slipped by three to 44 from 47 in the same period.
Kauai condos sold for a median $437,500 in September, down 2 percent from $445,000 a year earlier. The median price for Kauai single-family houses rose
10 percent to $640,000 from $580,000 in the same period.
The jump for single-family house median prices on Kauai was partly driven by more million-dollar homes sold in the resort area of Hanalei where there were 11 sales for a median
$1.3 million last month compared with 12 sales for a median $880,000 a year earlier.
At the low end of Kauai’s single-family home market, in Waimea, there were six sales for a median $315,250 last month compared with nine sales for a median $389,000 a year earlier.
The median price is a point at which half the sales were for a higher price and half for a lower price.
The Kauai Board of Realtors and Hawaii Island Realtors trade associations provided the sales data through Hawaii Information Service.
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