Kauai home sales, prices rise in May

Pacific Business News

Home sales and prices rose on Kauai during the month of May, according to data from the Hawaii Information Service.

There were 28 single-family homes sold in May, up 3.7 percent from the 27 homes sold during the same month last year. The median sales price for a single-family home last month was $445,000, up 8.5 percent compared to $410,000 a year ago.

There were 33 condominium sales last month, up significantly from the 18 units sold in May 2010. The median sales price for a condominium in May was $330,000, nearly double the $180,000 average during the same month last year.

Kauai real estate is moving, loan rates are low and loan conditions easing.  Good news for all.

 

 

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