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https://www.thegardenisland.com/2024/05/01/hawaii-news/median-home-price-leaps-to-1-6-million-in-march-on-kauai/
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* About * Print Replica * Advertise * Contact Us * * * Subscribe * Log In * Account * My Account * Manage Print Subscription * Email Preferences * Change Password * -------------------------------------------------------------------------------- * Log Out * Home * Hawaii News * Politics * CARES Act on Kauai * Hometown Heroes * Submit News * Email Newsletter * Sports * KIF Sports Planner * Opinion * In Our Opinion * Guest Opinion * Letters to Editor * Submit a Letter * Lifestyles * Births * Happy Camper * Health and Fitness * Talk Story * Critter of the Week * Island History * Entertainment * Music * Calendar * Submit Event * Comics * Political Cartoons * Horoscopes * Puzzles * Sudoku * Crosswords * Word Games * Obituaries * Classifieds * Cars * Legal Ads * Real Estate * Jobs * TGI Jobs * Hawaii Jobs * More * Business * Archive * Special Sections * Partner Content * Search Please specify a search term. 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Wednesday, May 1, 2024 | Today's Paper | 71.96° -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Hawaii News MEDIAN HOME PRICE LEAPS TO $1.6 MILLION IN MARCH ON KAUA‘I By Wyatt Haupt The Garden Island | Wednesday, May 1, 2024, 12:05 a.m. Share this story Dennis Fujimoto / The Garden Island A new house is under construction on Fujii Street in Lihu‘e on Tuesday, April 30, 2024. Sales of single-family homes on Kauai climbed for the third straight month in March. LIHU‘E — Home sales and prices climbed for the third straight month, as the Kaua‘i housing market continues to try and shake off a dismal performance in 2023. LIHU‘E — Home sales and prices climbed for the third straight month, as the Kaua‘i housing market continues to try and shake off a dismal performance in 2023. Sales of single-family homes on the island increased to 29 in March from 26 in March 2023, according to monthly data pooled from multiple sources by Hawai‘i Realtors in Honolulu. That marked a gain of 11.54 percent. At the same time, the median price leaped 48.84 percent to $1,600,000 from $1,075,000. The median price of a single-family home on Kaua‘i was easily the highest among the four major islands and more than $1 million higher than median price on Hawai‘i Island, which was the lowest in the same period. The condominium market wasn’t nearly as frisky with sales down 23.08 percent to 30 in March from 39 in March 2023. But fewer sales translated to higher costs, as the median price jumped 35.13 percent to $777,000 from $575,000 in the same period. Single-family home sales were mixed across the other three major islands in March. Home sales on O‘ahu eased 2.54 percent to 230 in March from 236 in March 2023, while the median price inched up 1.50 percent to $1,100,000 from $1,083,750. But sales of condos retreated 22.52 percent to 344 in March from 444 in March 2023, while the median price slipped 6.72 percent to $500,000 from $536,000. Demand for single-family homes was also down on Hawai‘i Island, which posted a decrease of 7.32 percent to 152 in March from 164 in March 2023, while the median price rose 6.77 percent to $587,250 from $550,000. Sales of condos were unchanged at 58, while the median price advanced 13.03 percent to $672,500 from $595,000. Home sales on Maui were nearly unchanged at 1.35 percent to 75 in March from 74 in March 2023, while the median price moved 9.46 percent higher to $1,303,692 from $1,191,000. But sales of condos sank 23.77 percent to 93 in March from 122 in March 2023, while the median price soared 62.86 percent to $1,300,000 from $798,250. Click here and log in to view this story Start Free AccountGet access to 7 premium stories every month for FREE! Already a Subscriber?Current print subscriber? Activate your complimentary Digital account. Subscribe NowChoose a package that suits your preferences. PREVIOUS STORY Hawai‘i and Vegas chambers connect at business exchange Share this story 0 Comments Cancel reply Your email address will not be published. Required fields are marked * Name * Email * By participating in online discussions you acknowledge that you have agreed to the TERMS OF SERVICE. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. If your comments are inappropriate, you may be banned from posting. To report comments that you believe do not follow our guidelines, send us an email. 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