Home prices fall on Kauai - Pacific Business News (Honolulu):

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There were 21 single-family homes sold on Kauai last twice the number soldin February, but still down 30 percent from the year when 30 homes sold, according to statistics from . The median price of those homes was which was a 23 percent drop from March when the median pricewas $681,450. The number of condominiums sold on Kauai in Marchtotaled 11, whicg was one more than in February, but 45 percenr fewer than March 2008, when 20 units sold. The median price of a condo on the Gardej Isle in Marchwas $220,000, down 67 percengt from the same month a year ago, when it was $677,500. Pricea for the first three months of the year werelikewisee down.
The median price of a single-familyy home on Kauai during the first quartefr of the yearwas $447,500, a 33 percent drop from the same periodr last year, when it was $668,750. Sales were down by 46 percent during the first when42 single-family homes were sold, compared to 78 homes duringy the January-March period in 2008. Salesa of condos were down 48 percent durintg thefirst quarter, when 29 units compared to the first three months of 2008, when 56 unitss sold. The median price of a condo durintg the first quarterdropped 58.5 percengt to $254,000, down from $612,500 during the first three months of 2008.