Median condo price on Kauai doubles in May

By Janis L. Magin  – Real Estate Editor, Pacific Business News Jun 5, 2019, 6:40pm EDT

Single-family home sales on Kauai saw an uptick last month as the number of condominiums remained unchanged from a year ago, but the median price of a condo more than doubled when compared to last year, according to statistics provided by Hawaii Information Service on behalf of the Kauai Board of Realtors.

The median price of a condominium on the Garden Island in May was $580,000, which was 104.23% more than the median price in May 2018, which was $284,000. That was based on sales of 47 condo units, which was unchanged from a year ago.

The number of single-family homes sold rose 12% to 56 homes, from 50 homes sold in May last year. The median price of those homes was $636,755, which was a decline of 13.66% from $737,500.

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