Real estate sales mixed on 2 isles


POSTED: Tuesday, September 08, 2009

The real estate markets on the Big Island and Kauai continued their trendless ways last month as prices and sales once again posted a mixed performance.

On the Big Island the median price of a single-family home in August slipped 3.1 percent to $310,000 from $320,000 a year ago but jumped 19.2 percent from its $260,000 median in July, according to data from Hawaii Information Service.

Sales picked up from a year ago as there were 97 single-family homes sold in August, up 11.5 percent from 87 a year ago. However, sales dropped 17.1 percent from 117 sold in July.

For condos the median price plunged 28.6 percent in August to $205,000 from $287,000 a year ago and fell 15.5 percent from $242,500 in July. However, the 37 sales in August eclipsed by five the 32 from a year ago and were seven better than the 30 sold in July.

For Kauai the median price of a single-family home declined 11.1 percent to $471,000 in August from $530,000 a year ago but rose 4.7 percent from $450,000 in July. Sales dropped, as the 23 in August were four fewer than the same time a year ago and the number in July.

Condo prices edged up 0.3 percent in August to $300,000 from $299,000 a year ago but tumbled 42.9 percent from $525,000 in July as a relatively small number of units exchanged hands. The 15 condo sales in August more than doubled the seven from the year-ago period and equaled the number from July.


The number of homes sold on the Big Island and Kauai in August, with the median price and percentage change from the same month last year:





































































































































Home sales
August 200997
August 200887
Median price
August 2009$310,000
August 2008$320,000
Condo sales
August 200937
August 200832
Median price
August 2009$205,000
August 2008$287,000




Home sales
August 200923
August 200827
Median price
August 2009$471,000
August 2008$530,000
Condo sales
August 200915
August 20087
Median price
August 2009$300,000
August 2008$299,000

Source: Hawaii Information Service