Kauai home sales down 30%

The neighbor island seems to be more affected by the downturn in real estate.  The median sales prices of single family are substantially down from their highs in 2006.

The median price of a single-family home on Kauai in December was $495,000, a 21 percent drop from December 2007. However, that price was based on just 18 sales last month, compared to 29 sales during the same month a year before.

Interestingly is the upshot in the median sales prices for condominiums.  Condominiums can vary greatly in prices and the few sales that did occur in December 2008 seem to have skewed the monthly results.

The median price of a condominium on Kauai shot up 45 percent in December to $625,000, compared to $430,000 in December 2007. That was based on just nine sales, though, a 31 percent drop from 13 sales in December 2007.