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The Honolulu Advertiser
Posted on: Tuesday, September 8, 2009

Kauai, Big Island home sales mostly higher amid falling prices

Advertiser Staff

Sales of existing homes on the Big Island and Kauaçi last month were mostly up, but median prices were mostly down, according to a report from Hawaii Information Service.

The biggest increase in sales was for condominiums on Kauaçi where sales more than doubled to 15 in August from seven in the same month last year. But the median price for all Kauaçi condo sales was up just 0.3 percent to $300,000 last month from $299,000 a year earlier.
There were 23 single-family homes sold on Kauaçi last month, down from 27 a year earlier. The median sale price was $471,000, down 11 percent from $530,000 in the same period.
On the Big Island, single-family home sales were up 11 percent to 97 last month from 87 a year earlier. The median price was down 3 percent to $310,000 from $320,000. Big Island condo sales totaled 37 in August, down from 32 a year earlier. The median price was down 29 percent to $205,000 from $287,000.