2006年11月05日

Home sales on Kaua'i, Big Island slow down

7e2399f7.gifSales of existing homes on the Big Island and Kaua'i last month continued their dramatic slowdown from year-ago levels, though price movement was mixed.

The most expensive median sale price in October was for Kaua'i single-family homes at $676,000, but that was just $1,000 more than the same month last year.

Kaua'i's median condominium price was $305,968, down 33 percent from $455,000 in the same period, according to Hawaii Information Service, which released sales data for the two islands yesterday.

There were 40 Kaua'i single-family home sales in October, a 30 percent drop from 57 a year earlier. Condo sales were down 38 percent to 29 from 47 in the same period.

On the Big Island, the median single-family home price last month was $390,000, up 7 percent from $365,000 a year earlier. The median condo price was $375,000, down 21 percent from $474,500.

There were 170 Big Island single-family home sales in October, a 21 percent drop from 216 a year earlier. Condo sales were down 40 percent to 51 from 85.

Most of the sales on the Big Island were in Puna where 58 single-family homes sold for a median of $267,500.

The next busiest market was South Hilo where 32 single-family homes sold for a median of $407,500.

Other major markets included South Kohala where 27 single-family homes sold for a median of $568,924, and North Kona where 25 single-family homes sold for a median of $595,000. North Kona also had the most condo sales with 22 for a median of $397,500.

Maui home resale data for October had not been released as of late yesterday afternoon by the Realtors Association of Maui. The Honolulu Board of Realtors released O'ahu sale statistics on Thursday.