Home prices boost on Big Isle and Kauai

Sale prices rose for homes bought final month on Hawaii island and Kauai, yet transaction volume was mostly lower, according to information expelled Tuesday.

The priciest homes sole in a dual neighbor island markets were single-family residences on Kauai, where a median sale cost in Nov was $685,000. That was adult 15% from $598,000 in a same month final year.

The median cost is a indicate during that half a sales were aloft and half were lower, so a year-over-year change can be shabby by a location, size, peculiarity and age of a homes sold. Also, a sales embody a brew of formerly owned homes as good as new homes.

Big Island of Hawaii

Kailua-Kona on a west seashore of a Big Island.

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One partial of Kauai’s housing marketplace that negatively shabby a median cost was a high-end Hanalei region, where there were fewer sales — 8 sales for a median $972,500 final month compared with 13 sales for a median $1.7 million a year ago.

Pushing adult a altogether median cost for Kauai single-family homes were fewer sales during a market’s low finish in Waimea. There was one sale there for $420,000 final month and 8 sales for a median $348,500 a year earlier.

In all, there were 47 single-family homes sole on Kauai in November, down 23% from 61 sales a year earlier.

Kauai’s condo median cost rose 12% to $437,000 final month from $390,000 a year earlier. The series of sales slipped to 27 from 29 in a same period.

On Hawaii island, median sale prices of single-family homes rose 8% to $386,000 in Nov from $359,000 a year earlier. There were 180 sales final month, down from 185 in a year-ago period.

Hawaii island condos sole for a median $336,000 final month, adult 5% from $321,000 a year earlier. The series of sales jumped 21 percent to 63 from 52.

Hawaii Information Service provides a sales information from a Kauai Board of Realtors and Hawaii Island Realtors trade associations.


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Article source: http://www.nationalmortgagenews.com/articles/home-prices-increase-on-big-isle-and-kauai

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