Slim pickings for buyers of cheap, single-family homes

Looking for a single-family home on Kauai for under $251,000?

Currently, there are just three listed. And the cheapest of those is $249,000.

But if you’re in the market for homes over $2 million, there are plenty to choose from.

Try 22.

According to statistics provided by the Kauai Board of Realtors, there are many more single-family homes for sale on Kauai in the price range of $1 million to $2 million (43 units), than there are in the four lowest-priced categories combined.

Those categories range from $400,000 down, and number just 38, with 13 offered from $251,000 to $300,000; another 11 between $301,000 and $350,000; and 11 from $351,000 to $400,000.

Of the 177 single-family homes listed for sale on Kauai right now, the lowest price is $249,000, and the highest is $10,600,000.

That makes the average price for an on-the-market, single-family home $1,161,023, and the median price, or middle price, $799,000. The mode, or most-frequent price among the single-family homes on the market now on Kauai, is $1,200,000.

The figures do not include residential condominiums.

“There’s no $100,000 house” on Kauai, said Terry P. Kamen, a real estate agent with Makai Properties in Poipu.

During the first four months this year, Kamen represented buyers and sellers in 36 transactions worth $38.5 million. That total was over 10 percent of the total sales on the island during that period.

His 16 sales totaled $16.8 million, or an average of $1,052,145 per sale. For the 20 sales where he represented the sellers’ interests, the total volume was $21.6 million, or an average of $1,084,176.

Some of those sales were parcels including the Kiahuna Golf Course and neighboring properties, both developed and undeveloped.

Over that same four-month period, over $224 million worth of property on Kauai changed hands. The average price for a residential home on the island was $326,495 in April this year, up from $312,000 in the same month last year.

For the first four months, the average single-family residence sold for $345,000, up 38 percent from the 2002 figure of $250,000 (please see the chart on page C2).


Your email address will not be published. Required fields are marked *


By participating in online discussions you acknowledge that you have agreed to the TERMS OF SERVICE. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. If your comments are inappropriate, you may be banned from posting. To report comments that you believe do not follow our guidelines, send us an email.