Monthly Archives: July 2018

Condo sales, prices soar on Kauai in June

This article was written and published by Pacific Business News, please click her to see the live article:

Condominium sales jumped on Kauai last month, along with prices, while single-family homes posted a more modest price gain on flat sales, according to data from Hawaii Information Service on behalf of the Kauai Board of Realtors.

There were 71 condominium units sold in June, a 39.22 percent increase from 51 units sold during the same month last year. The median price of those condo units was $599,000, an increase of 39.3 percent from $430,000 in June 2017.

The median price of a single-family home on Kauai in June was $752,500, which was an increase of 7.12 percent from $702,500 during the same month last year.

The median price of single-family homes in the Hanalei district on Kauai’s North Shore, where flooding damaged dozens of homes and cut off access to others in Haena, was $1.01 million in June, a 16.12 percent decline from $1.2 million in June 2017. Sales in the area dropped to eight single-family homes sold in June, a 57.89 percent decline from 19 sales in June 2017.

Condominium sales in Hanalei, which includes Princeville, dropped to 10 units sold, a decline of 37.5 percent from 18 units sold during the same month last year. However, the median price of those units rose 17.74 percent to $624,000, from $530,000 in June 2018.

Big Island, Kauai see higher home prices in first half of 2018

Click here to check out this article on home prices for Kauai and the Big Island in 2018 on Pacific Business News

Condominium prices on the Big Island rose by double digits during the first half of this year, while Kauai saw double-digit gains in sales for both single-family homes and condominiums, according to statistics from Hawaii Information Service on behalf of Hawaii Island Realtors and the Kauai Board of Realtors.