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The Honolulu Advertiser
Posted on: Tuesday, March 9, 2010

Home sales up on 2 islands

by Andrew Gomes
Advertiser Staff Writer

Hawaii news photo - The Honolulu Advertiser

This two-bedroom home near Hawai'i Volcanoes National Park is listed for $250,000, which is slightly above the Big Island's median sales price of $237,000 in February. There were 94 home sales on the Big Island last month.

Clark Realty

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Median prices for homes sold on the Big Island and Kaua'i last month moved in different directions despite more sales in both markets, according to statistics from Hawai'i Information Service.

There was a strong resurgence in condominium sales on the Big Island where transactions tripled to 39 in February from 13 in the same month last year. But the median price slumped 39 percent to $266,175 from $435,000.

The movement was largely concentrated in North Kona, where sales rose to 24 last month from eight a year earlier, and the median price was down to $255,000 from $331,500.

Big Island single-family home sales rose 8 percent to 94 last month from 87 a year earlier, while the median price was down 19 percent to $237,000 from $294,000.

On Kaua'i, single-family home sales nearly doubled to 20 last month from 11 a year earlier, and the median price rose 12 percent to $446,500 from $400,000.

There were just 12 Kaua'i condo sales in February, but that was up from 11 a year earlier. The median price was up 8 percent to $313,000 from $290,000 in the same period.