Condominium sales inched up in a year that saw house sales fall by almost 30 percent, according to statistics released yesterday by the Kauai Board of Realtors.

“People are finally understanding that living in a condo might help them establish their equity so they can move into something better,” said Karen Ono, KBR director. “You can’t have your dream home right away. You have to work your way up.”

The island saw 689 existing condominiums change hands last year, up 2.3 percent from 2005, according to the KBR.

More than half of those condos sold in Lihu‘e.

Only 473 houses sold, down from 670 in the year earlier.

read more …

(Source: Kauai Garden Island News)