Home sales boomed last month on Hawaii island and Kauai, according to statistics released Sunday.
The data distributed by Hawaii Information Service for Hawaii Island Realtors and the Kauai Board of Realtors showed sales volume gains between 25 and 85 percent for single-family homes and condominiums on the two islands.
In the most active piece of the two housing markets, single-family homes on Hawaii island, volume jumped 41 percent to 228 sales last month from 162 sales in the same month last year.
The gain was pretty well distributed around the island, with an additional 10 or so transactions each in Puna, South Hilo, South Kohala, North Kona, South Kona and Kau.
The median price for the
228 sales last month was $385,000. That was 1 percent above the year-earlier median of $380,000.
Hawaii island condo sales were up 26 percent to 73 last month from 58 a year earlier. The median price slumped by about as much, 27 percent, to $265,100 from $361,250.
On Kauai, condo sales soared
84 percent to 57 in October from
31 a year earlier. The median price rose 16 percent to $510,000 from $440,000 in the same period.
The number of single-family home sales on Kauai rose 32 percent to 49 last month from 37 a year earlier. The median price rose
14 percent to $713,000 from $624,000.
The median is a point at which half the sales were at a higher price and half at a lower price. This measure can be swayed more easily when there are relatively few sales, and is affected by the size, location, age and quality of homes sold. The two trade associations also report sales of new and previously existing homes in their data.
