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Home sales and prices mostly rose in two neighbor island housing markets last month, according to statistics released Thursday.
Much of the rise in real
estate metrics on Hawaii
island and Kauai was moderate, though there was a dramatic decline in the number of condominiums sold on Kauai shown in the report from Hawaii Information Service based on data from Hawaii Island Realtors and Kauai Board of Realtors trade associations.
On Hawaii island the
number of single-family home sales rose 8% to 197
in November from 182 in the same month last year.
The median price for these homes rose 9% to $399,000 from $364,900 in the same period.
Condo sales on Hawaii island edged up 4% to 53 last month from 51 a year earlier, while the median sale price was up 14% to $370,000 from $324,000.
On Kauai the number of single-family home sales rose 8% to 43 last month from 40 a year earlier, and the median price edged up 2% to $800,000 from $782,500.
Condo sales on Kauai slumped, falling 27% to 27 last month from 37 a year earlier. The median Kauai condo sale price managed a 3% rise to $565,000 from $550,000.
The median price is a point at which half the sales were at a higher price and half at a lower price. This measure is influenced by the size, age, quality and location of homes in the report, which includes new and previously owned homes.
