Kauai home prices down, condos up

The median price of a single-family home on Kauai dipped in September, but condominium prices continue to rise.
The median price of a house on Kauai last month was $665,000, a 12 percent decline from the median price in September 2005, when it was $757,500, according to data released by Hawaii Information Service on Wednesday.
The median price of a Kauai condo in September was $450,000, an 11 percent jump from the same period last year, when the price was $405,000.
However, when taking into account the median price for the first nine months of the year, condos lost ground as single-family houses gained.
The year-to-date median price for a house on Kauai, as of September, was $680,000, a 6.4 percent increase over the same period in 2005, when the median price was $639,000.
The median price of a condo on the Garden Isle fell 9 percent during the first nine months of the year to $395,000, from $435,000 during the same period in 2005.
Year-to-date, the number of single-family homes sold was down 33.5 percent, with 351 homes sold during the first nine months of 2006, down from 528 houses sold in 2005.
Condo sales, however, are up 10.6 percent over the same period last year, with 564 units sold in 2006, compared to 510 units sold in 2005.