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The Honolulu Advertiser

Posted at 2:05 p.m., Friday, January 5, 2007

Home prices up, sales down on Big Island, Kaua'i

Advertiser Staff

Prices for previously owned homes were mostly higher while the number of homes sold was down last year on the Big Island and Kaua'i, according to a report by Hawai'i Information Service.

On the Big Island, there was a 26 percent decline in single-family home sales to 2,027 last year from 2,756 a year earlier. The median price was up 8 percent to $417,000 from $385,000.

For Big Island condominiums, sales fell 39 percent to 708 last year from 1,168 a year earlier. The median price was up 16 percent to $430,000 from $369,500.

Kaua'i's single-family home market saw sales decrease 29 percent to 473 last year from 670 a year earlier, while the median price rose 6 percent to $675,000 from $639,500.

Kaua'i's condominium market was an exception to the general trend. Sales rose 3 percent to 690 last year from 673 a year earlier, and the median price declined 7 percent to $402,500 from $435,000.