Kauai median home price $535,000

Kauai median home price $535,000 - 2004-10-10 - Pacific Business News (Honolulu)

Kauai median home price $535,000

Howard Dicus
The median price of a single-family home in Kauai County, which fell from $506,500 in July to $485,000 in August, rebounded to $535,000 in September. That's $110,000, or 26 percent, more than the median price one year earlier.

Hawaii Information Services reports the median price of a condo, which fell from $373,500 in July to $330,000 in August, surged to $415,000 in September. That's $128,500, or 46 percent, more than the median price one year earlier.

The median is the point at which half of all sales go for more and half go for less. It's a metric less easily skewed by a few very expensive or very low price sales than an average could be. But on Kauai the low volume of sales still makes prices more variable than in other markets. Only 46 existing homes sold on Kauai last month and 41 condos. These figures were lower than both month-before and year-before counts.

Of Kauai's five districts, the greatest number of sales, 14 homes and 19 condos, were in Hanalei, where the median prices were $657,500 for homes and $430,000 for condos. There were 13 homes sold in Kawaihau district for a median price of $455,000 and 11 homes were sold in Koloa district for a median price of $700,000.

Reach Howard Dicus at hdicus@bizjournals.com