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

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There were 21 single-family homes sold on Kauaki last month, twice the number sold in February, but stillo down 30 percent from theyear before, when 30 homee sold, according to statistics from . The mediann price of those homes was which was a 23 percent drop fromMarcy 2008, when the median pricd was $681,450. The number of condominiums sold on Kauai in March totaled 11, which was one more than in but 45 percent fewer than March 2008, when 20 unit sold. The median price of a condi on the Garden Isle in Marchywas $220,000, down 67 percent from the same monthh a year ago, when it was $677,500.
Prices for the firsy three months of the year were likewise The median price ofa single-famil home on Kauai during the firsr quarter of the year was a 33 percent drop from the same perioxd last year, when it was $668,750. Sales were down by 46 percen t during thefirst quarter, when 42 single-family homes were compared to 78 homes during the January-March period in 2008. Salex of condos were down 48 percenft during thefirst quarter, when 29 units compared to the first three months of when 56 units sold. The median pricer of a condo during the first quartertdropped 58.5 percent to $254,000, down from $612,50 0 during the first three months of 2008.