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The Honolulu Advertiser
Updated at 12:33 p.m., Monday, April 7, 2008

Big Island, Kauai home sales flat or lower last month

Advertiser staff

Sales of existing homes on Kaua'i and the Big Island in March were down or flat from the same month last year, though median prices were mostly higher for the relative few sales that did take place.

The biggest drop was in Kaua'i's condominium market, where there were just 19 sales last month, down 50 percent from 38 sales a year earlier.

Kaua'i condos sold for a median $675,000 last month. That was up 19 percent from $568,100 a year earlier, and was the fourth-highest monthly median on record, according to sale data from Hawai'i Information Service.

The median price is a point at which half the sales were for more and half for less.

Single-family home sales on Kaua'i totaled 29 last month, down 40 percent from 48 sales a year earlier. The median price was up 2 percent to $687,900 from $673,750 in the same period.

On the Big Island, single-family home sales were down 45 percent to 101 last month from 184 a year earlier. The median price was down 16 percent to $389,000 from $462,500. However, the year-ago median was a record, according to Hawai'i Information Service.