Princeville, HI Condo Sales First Quarter 2015 saw an increase in the median sales price as well as the number of sales as measured against First Quarter 2014. In First Quarter 2015 there were 24 sales of Princeville condos versus 19 sales in First Quarter 2014 The median sales price for Prince condos was $607,500 in First Quarter 2015 - up from $445,000 in First Quarter 2014.
The upscale development of Ka'iulani of Princeville found two (2) Cash Buyers in the First Quarter that dramatically affected the median sales price. Ka'iulani of Princeville #21 sold for $2,100,000 and Ka'iulani of Princeville #7 sold for $1,350,000. Not since 2008 when the developer was completing and selling Kaiiulani of Princeville has there been a sale of a Princeville condo over $2,000,000. According to MLS records, there have been only 12 Princeville condos that have sold over $2,000,000 ever. Eleven (11) of those were Ka'iulani of Princeville units and one (1) was a Puu Poa.
For comparison, the median sales price for the entire year 2014 for Princeville condo sales was $477,000. and there were a total of 86 Princeville condo sales last year. Although the trend is clearly moving up, we are still a long way from the peak of First Quarter 2008 with a median sales price of $897,485 and the peak of number of sales of 67 in First Quarter 2004.
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