The median price of a single-family home on Kauai soared 72 percent on fewer sales in March, approaching $1 million, driven by sales of homes on the North Shore that flirted with a median price of $2 million, according to the Hawaii Information Service on behalf of the Kauai Board of Realtors.
The 34 single-family homes sold in March compared to 46 sold in March of 2014. The median price of those homes sold shot up 72 percent to $967,500 last month, from $562,500 a year ago.
The Hanalei district on Kauai’s North Shore, which includes Princeville, saw sales rise 45.4 percent to 16 homes sold, while the median price there jumped 65.9 percent to $1.8 million, from $1.1 million a year ago.
On the South Shore, sales fell in the Koloa district to seven homes sold, from 11 in March 2014, while the median price rose 25.5 percent to $985,000, from $785,000.
The median price of a condo on Kauai was $417,000, a 41.5 percent increase from $295,000 a year ago, while sales of condominiums rose slightly to 24 sales, from 23 sales a year ago.
Janis L. Magin Managing Editor – Pacific Business News