Kauai condominium prices soar - Pacific Business News (Honolulu):

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The median price of a Kauai condoi in Augustwas $589,000, a 30.3 percent increase over the same monthy last year, when the median pricd was $452,000, according to figures releasedf by Wednesday. Condo prices for the firsrt eight months of the year are up as The median condo price through the end of August was a 43.3 percent boost over the same perioc last year, when the median price was $389,000. The price increases are basedf on considerablyfewer sales. The 23 units sold in Augus were 30.3 percent fewer than the 33 unitss sold inAugust 2006. There were just 220 sales during the first eightr months ofthe year, a 58.
3 percenty drop from the same perioxd in 2006, when 528 units The median price of a single-familt home on Kauai last month was $599,000, a 23 percenf drop from August 2006, when the price was However, for the first eightf months of the year, the median pricer was down by just under 4 to $655,000 from $680,000. The 20 single-family homed sold in August were 44.4 percent fewer than the same month last year when 36homeds sold. Sales were down just 5.4 percen for the first eight months of the with 298 homes sold through Augusrt ofthis year, compared to 315 homes sold durinfg the same period last year.