Kauai home sales nearly double in December as median price rises 28%

Kauai home sales closed out 2020 with a 73% increase in sales in December, which included the sale of Julia Roberts’ beachfront estate on the North Shore, and a 28% increase in the median price, according to statistics provided by Hawaii Information Service on behalf of Kauai Board of Realtors.

There were 71 single-family homes sold in December, which was a 73.17% increase from 41 homes sold in December 2019. The median price of those homes was $915,000, an increase of 27.97% from $715,000 in December 2019.

The highest-priced sale on Kauai in December was the sale of Roberts’ home for just under $20 million.

For all of 2020, the median price of a single-family home was $810,000, which was an increase of 22.75% from $659,900. Sales of single-family homes on Kauai in 2020, however, declined 8.61% to 531 homes, from 581 homes sold in 2019.

Condominium sales declined 18.37% in 2020 to 351 units, from 430 units in 2019, and the median price of those units declined 2.83% to $549,000, from $565,000.

For December, condo sales on Kauai declined 6.67% to 42 units, from 45 units in December 2019, while the median price dropped 28.08% to $496,000, from $689,660 in December 2019.

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