Kauai condos
outprice homes
It cost more to buy a condominium than a single-family home on Kauai last month.
Twenty of 42 condo resales were in excess of $400,000, pushing the median price to $385,000 and far above a single-family home's median price of $342,000.
The high cost of condo resales was a whopping 88.3 percent gain over a year ago's median of $204,445. The number of condominium sales also increased by 20 percent to 42 from 35 last November.
By comparison, the median price of single-family home resales fell 8.8 percent from November 2002's median of $375,000. But the number of single-family home sales grew. A total of 58 single-family home sales occurred in November, an increase of almost 29 percent from last November's 45 sales.
On the Big Island, sales prices showed an increase in the single-family home category. The median price was $275,000, a gain of 37.5 percent from last November's median of $200,000. There were 162 transactions for the month, an increase of 4.5 percent from 155 a year ago.
Condominium prices on the Big Island showed an increase of 41.5 percent to $215,000, up from last November's median of $151,900. But the number of sales decreased slightly, down 1.8 percent to 54 sales for the month from 55 a year ago.
November real estate sales figures for Maui were not available.
