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Oahu home sale prices spike in June

By Star-Advertiser staff

LAST UPDATED: 12:34 p.m. HST, Jul 08, 2013

Increased demand for higher-end homes on Oahu helped produce a spike in the median sale price of single-family homes last month that came close to an all-time record for a single month, according to a report released today by the Honolulu Board of Realtors.

The median sale price in June rose a fairly modest 9 percent to $677,250. But that was enough to almost reach the $685,000 peak for a single month in June 2007.

However, for the first six months of this year, the median single-family home sale price is up just 0.8 percent to $625,000 compared with $619,750 for the same period last year. The annual median price peaked at $643,500 in 2007.

The volume of June home sales rose 10 percent to 308 from 279 in the same month last year. Year-to-date, the number of sales is up 12 percent to 1,540 from 1,380 a year earlier.

In Oahu’s condominium market, the median sale price rose 11 percent to $330,000 in June from $297,000 a year earlier. The number of condo sales rose 15 percent to 392 from 342 in the same period.

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allie wrote:
wow..I am heading back to North Dakota to get a real home in a cleaner, saner environment.
on July 8,2013 | 10:04AM
Hapa_Haole_Boy wrote:
!!! Can it really be.... the mandan huntress heading outta here....
on July 8,2013 | 11:51AM
false wrote:
good for you, allie. Hawaii is fast on its way to becoming a place where only the wealthy can live well, and the rest can change their sheets. I know several people who have sold their homes here and bought homes in small towns on the mainland, and love it. All this "lucky you live Hawaii" and "best weather on the planet" stuff is Orwellian in its effort to reshape the reality that "only the wealthy are lucky to live in Hawaii" and "best weather on the planet" is actually hot, humid, and stifling in its sameness. Although I'm not sure a North Dakota winter is the right solution...lol
on July 8,2013 | 02:28PM
2disgusted2 wrote:
on July 8,2013 | 07:04PM
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