Home sales slowed on Hawaii island and Kauai last month while median prices mostly rose, according to trade association statistics released Tuesday.
The biggest slowdown in sale volume occurred on Kauai where the number of single-family homes sold in February fell by just over half to 26 from 53 in the same month last year.
Kauai condo sales fell 36 percent to 23 last month from 36 a year earlier.
As for how much homes on Kauai sold for, the median price for single-family homes dipped 5 percent to $689,000 in February from $725,000 a year earlier. Kauai’s median condo sale price rose 7 percent to $355,000 from $333,000 in the same period.
On Hawaii island the sale volume slowdown was more modest and median prices were more positive than on Kauai, according to the data prepared by Hawaii Information Service for the Kauai Board of Realtors and Hawaii Island Realtors.
The number of single-family homes sold last month on the Big Island eased by 5 percent to 152 from 160 a year earlier. Condo sales slipped 8 percent to 55 from 60 in the same period.
Single-family homes on the Big Island sold for a median $382,000 last month, up 19 percent from $322,500 a year earlier. The island’s median condo sale price rose 14 percent to $380,000 from $332,500.
The median price is a point at which half the sales were for a higher price and half for a lower price. The measure can be significantly influenced by the age, size, condition and location of homes sold. This influence is typically bigger when relatively few sales are involved. The two trade associations also count new homes in addition to previously owned homes, unlike the Honolulu Board of Realtors, which counts only previously owned homes.
ON THE MOVE
Anthology Marketing Group has announced the following promotions and hire:
Wenona Harris to executive vice president of its Digital Group from vice president. Harris will also continue her role as director of project management in her new position.
Adrian Walker to creative director of its Advertising Group from associate creative director.
Naomi Baria has been hired as director of strategy, a new position. Baria has been a senior strategist for New York-based digital marketing agencies Big Spaceship and Gin Lane.
