Updated at 12:22 p.m., Wednesday, July 18, 2007
Big Island home sales fall, Kauai sales increase
Advertiser Staff
Big Island homes sales declined in June compared to a year earlier, while those on Kaua'i rose, according to sales statistics released by Hawaii Information Service.During the month there were 161 homes sold in Hawai'i County, or 47 less than the same month a year prior. The median price also declined, falling to $363,000, or 20 percent lower than the $454,950 in June 2006.
Condominium sales also fell on the Big Island, dropping to 46 from 81, while the median sales price increased to $415,000 from $371,553.
On Kaua'i the home sales rose to 46, or four more than the month a year previous.
The median home sales price increased to $655,000. A year earlier the median was $599,000.
The story was different for the Garden Island's condominium market, where sales fell by more than half. During the month there were 24 sales. This compared to 67 units sold in the prior June.
Those condominiums that sold had a higher median price — $572,500 — than the prior year, when the median was $429,000.
