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Oahu home sale prices lifted with volume spike in April

  • Courtesy photoA tight market will continue to influence buyer competition and rising prices on Oahu until new home development and sales pick up. A home in the Ka Makana at Hoakalei development in Ewa Beach is shown above.
    Courtesy photo
    A tight market will continue to influence buyer competition and rising prices on Oahu until new home development and sales pick up. A home in the Ka Makana at Hoakalei development in Ewa Beach is shown above.

Median prices and sales volume for Oahu homes rose in April, according to a report released today by the Honolulu Board of Realtors.

The number of sales boomed by roughly 30 percent for previously owned single-family homes and condominiums, while median prices rose close to 5 percent.

There were 280 single-family home sales last month, up 29 percent from 217 sales in the same month last year. The median price was up 4.2 percent to $625,000 from $600,000.

Condo sales surged 33.2 percent to 457 in April from 343 a year earlier. The median price rose 5 percent to $335,000 from $319,000.

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