Kauai home sales increase in 2018, prices rise 6%

By  – Real Estate Editor, Pacific Business News

Home sales on Kauai rose in 2018, compared to the previous year, while median prices for both single-family homes and condominiums rose 6 percent, according to statistics provided by Hawaii Information Service ob behalf of the Kauai Board of Realtors.

Single-family home sales rose 8.17 percent in 2018 to 596 houses sold, from 551 houses sold in 2017. The median price of those homes was $699,500, which was a 5.98 percent increase from $660,000 in 2017.

Condo sales increased by 11.06 percent last year, from 452 units sold in 2017. The median condo price on Kauai last year was $459,000, an increase of 5.52 percent from $435,000.

For the month of December, the median price of a Garden Isle condo jumped 21.72 percent to $660,338, from $542,500 in December 2017. The number of condos sold declined to 41 units, from 42 units during the same month the previous year.

The number of single-family homes sold in December increased to 45, from 42 in December 2017, while the median price of those homes increased 6.38 percent to $625,000, from $587,500.

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