Honolulu Star-Advertiser

Wednesday, April 24, 2024 74° Today's Paper


Top News

Oahu condo sales up 20% in August, most sales since 2006

Andrew Gomes

The number of sales and median prices for previously owned homes on Oahu rose in August, according to a Honolulu Board of Realtors report released today.

The biggest increase was for condo sale volume that jumped 20 percent to 575 last month compared with 481 a year earlier.

There hadn’t been as many sales for a single month since August 2006 when 580 condos were sold in the midst of the prior housing market boom on the island.

As for prices, condos sold for a median $419,000 last month, up 5 percent from $398,000 a year earlier. The record was $425,000 in July.

In Oahu’s single-family house market, the number of sales rose 5 percent to 362 in August from 344 in the same month last year, while the median price also increased by 5 percent to $786,250 from $747,500 in the same period. The record was $795,000 in June.

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. Report comments if you believe they do not follow our guidelines. Having trouble with comments? Learn more here.