Kauai median home price $506,500

Kauai median home price $506,500 - 2004-08-10 - Pacific Business News (Honolulu)

Kauai median home price $506,500
The median price of a single family home on Kauai, which was $528,000 in June, slipped back to $506,500 in July, the Hawaii Information Service reported Monday. The median price of a condo slipped from $420,000 to $373,500.

Only 64 home sales were made in July, down from 71 in June, while 44 condos sold, down from 53 in June.

Housing inventory is so scarce on Kauai that vacant lots sell in the same range as lots with homes on them. Of 36 vacant lots sold in July, the median price was $587,000, more than last month's median home price. The median was driven up by the Hanalei district, where 17 tracts of vacant land sold for a median price of $900,000.

Kauai real estate is measured in five districts. Below are the number of homes and condos sold in July and what the median price was, by district:

Waimea: 4 homes, $312,500; 0 condos.
Koloa: 9 homes, $695,000; 16 condos, $414,500.
Lihue: 10 homes, $406,000; 12 condos, $229,500.
Kawaihau: 23 homes, $435,000; 8 condos, $381,000.
Hanalei: 18 homes, $846,500; 8 condos, $450,500.