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Wednesday, July 12, 2006

Kauai median home price: $599,000

Hawaii Information Service reports the median price of $599,000 in June compares to $697,000 a year earlier. There were 41 sales, compared to 70 in June 2005.
Of those 41 homes that went to closing, 10 were in the Kapaa area (Kawaihau district) and 10 in the Lihue area. Lihue prices actually rose 21 percent from last year.
There were only eight sales in Hanalei compared to 18 a year ago, and Koloa district sales fell to nine from 12 a year earlier. Koloa prices fell only 7 percent and Hanalei prices actually rose 44 percent.
The condo median fell about 6 percent, to $424,000, from $450,000 a year ago, with 62 sales compared to 74 a year ago.
Of those 62 sales, 49 were in the Lihue area for a median price within that district of $395,000, up 18 percent from a year ago.
In Hanalei, where there were just eight condo closings compared to 18 a year ago, the median price rose 24 percent to $665,000.

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