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Kauai median home sales price nears $1 million in March

April 27, 2015 By Mark G. Howard Leave a Comment

kauainew-600xx315-210-0-48The 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

Filed Under: Blog, Featured Blog, General Real Estate Tagged With: Hanalei, Hawaii Information Service, Kauai, Kauai Board of Realtors, Residential Real Estate

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