POSTED: 6:55 a.m. HST, Mar 5, 2013
LAST UPDATED: 8:18 a.m. HST, Mar 5, 2013
Rising home prices put Hawaii in the top five states for year-over-year increases in January, according to analytics firm CoreLogic.
Including distressed sales, Hawaii prices rose 14 percent, putting it fifth for increases behind Arizona (20.1 percent); Nevada (17.4 percent); Idaho, (14.9 percent), and California (14.1 percent).
Excluding distressed sales, Hawaii’s prices rose 13.9 percent, putting it fourth behind Nevada (17.5 percent); Arizona (16.5 percent), and California (14.5 percent). Idaho was fifth with an increase of 13.2 percent.
On a nationwide basis, including distressed sales, home prices rose by 9.7 percent in January compared to January of 2012. Month-over-month, however, home prices rose just 0.7 percent, a figure that also includes distressed sales.
CoreLogic predicts that February 2013 home prices will be 9.7 percent higher than February 2012.