Homebuyers last month shelled out much more money for condominiums on Kauai — so much that it caused the median sale price for such homes to more than double, according to a report released Wednesday.
The report said 47 Kauai condos sold for a median $580,000 in May, compared with 47 condos that sold for a median $284,000 in the same month last year.
Last month’s 104% median price jump suggests that buyers bought considerably more higher-end properties, including new condos built by developers in resort areas.
In another part of Kauai’s housing market, the median price for single-family homes sold in May dropped 14% to $636,755 from $737,500 a year earlier. There were 56 such sales last month compared with 50 a year earlier.
The sale figures were in a report covering residential real estate transactions on Kauai and Hawaii island released by Hawaii Information Service based on data from the Kauai Board of Realtors and Hawaii Island Realtors trade associations.
On Hawaii island, median prices moved only a little.
Single-family homes on the Big Island sold for a median $419,000 last month, up 5% from $400,000 a year earlier. The number of sales rose 10% to 227 from 207 in the same period.
Big Island condos sold for a median $375,000 in May, down 2% from $382,500 a year earlier. The number of sales slipped 3% to 78 from 80.
The median price is a point at which half the sales are at a higher price and half at a lower price.
ON THE MOVE
The Queen’s Health Systems has named the following:
>> Harold Moscho is the new vice president of information technology and chief information officer. He has 30 years’ experience in the health care industry, including serving as vice president of Information Technology and Chief Technology Officer at MultiCare Health System in the state of Washington. Moscho also served in a variety of technical and managerial roles at MultiCare since 1987.
>> Corey Au is the new director of Supply Chain Management and Strategic Sourcing. Au has extensive experience in the health care and hospital setting, including working as a management engineer for The Queen’s Health Systems as well as project and systems coordinator and warehouse and systems manager for The Queen’s Medical Center.
Maui AIDS Foundation has announced the promotion of Chasity Cadaoas to executive director from director of prevention/lab services. Cadaoas succeeds interim executive director Keoni Kuoha.
