Kauai condo sales drop 58% - Pacific Business News (Honolulu):

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There were just 241 unitws soldbetween Jan. 1 and 30, which was 58 percent fewer than the 575 unita sold during that periodin 2006, according to statisticsz released Friday by . The medianj price of a condo during the first threw quarters ofthe year, however, rose to $560,000, a 42 percenr jump over the first nine monthws of last year, when the mediah price was $395,000. Sales of single-family homex during the first three quarters slipper 5 percent to 335 down from 354 houses sold during the firsty nine monthsof 2006. The median price of a single-family home on Kaua i from January to Septemberwas $660,000, a 3 percen decline from 2006, when it was $680,000.
Figures for the monthh of September showed similar declinewsfor single-family homes, with 36 sales, down from 39 salea in September 2006. The median price of a single-family home in September was downfrom $730,000 during the same month last The decline in the numberr of condo sales in Septemberf mirrored the year to date There were 20 units sold last down sharply from 47 units sold in Septembefr 2006 and a 57 percent drop. The median pricd of a condo last monthwas $590,000, just slightly loweer than September 2006, when the price was $595,000.