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.