Kauai Real Estate Update for May

06 Jun Kauai Real Estate Update for May

Pacific Business News reports Kauai home and condo prices see Double-Digit increase in May by Duane Shimogawa

Home and condominium prices on Kauai saw double digit increases in May, but the number of sales dropped in both categories, according to statistics released Wednesday by the Hawaii Information Service.

The median price of a single-family home was $539,000 last month, a 12 percent increase from $480,000 during the same period last year.

The median price of a condo was $362,000 in May, a 39 percent increase from $260,000 during the same time last year.

There were 41 home sales last month on Kauai, which was 9 percent fewer than the 41 sold during the same period last year.

The number of condos sold in May dipped 6 percent to 29, compared to 31 units sold during the same time last year.

Duane Shimogawa covers energy, real estate and economic development for Pacific Business News.