POSTED: 10:16 a.m. HST, Jan 07, 2013
LAST UPDATED: 12:42 p.m. HST, Jan 07, 2013
The Honolulu Board of Realtors released its last monthly home sales report for 2012 today, indicating that median home prices for all of 2012 on Oahu achieved moderate growth. However, the year ended with an outsized gain for condominium prices and a slight loss for single-family home prices.
The median sale price for condos in December achieved its biggest gain for any month last year, surging 17.5 percent to $335,000 and coming close to a record high for any month.
But the December median price for single-family homes slipped 0.8 percent to $600,000, which ended a string of 12 consecutive months of gains and matched April's median price as the lowest this year.
For all of last year, the single-family home median price was up 7.8 percent to $620,000 from $575,000 the year before when the median price slipped 3 percent.
Last year's median condo price rose 5.8 percent to $317,500 from $300,000 the year before when the median slipped 1 percent.