While the number of Kaua’i real estate transactions last month and for the first seven months of this year were down compared to the same periods last year, sales volumes and median sales prices were up for the 2001 periods
While the number of Kaua’i real estate transactions last month and for the first seven months of this year were down compared to the same periods last year, sales volumes and median sales prices were up for the 2001 periods compared to last year’s results.
According to Multiple Listing Service figures provided by the Kaua’i Board of Realtors, there were 85 Kaua’i real estate sales last month, down from 110 recorded in July of 2000, and 686 for the first seven months of this year, down from 808 sold during the same period last year.
Some $54 million worth of real estate changed hands on Kaua’i last month, up from $37 million during July of last year, an increase of 45 percent. Over the first seven months this year, $295 million in sales took place, up 23 percent from $240 million sold during the same period last year.
Median sales prices rose in the residential and condominium categories last month, to $375,000 and $207,500, respectively, and increases in median sales prices were recorded in every category except businesses and vacant land for the first seven months this year.
In the residential category, the median sales price over the first seven months of this year was $297,000, up from $255,000 over the same period last year.
