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Study: Honolulu home price gains top the nation

By Star-Advertiser staff

POSTED:
LAST UPDATED: 03:16 a.m. HST, Sep 24, 2013

Jamm Aquino / jaquino@staradvertiser.comThis Manoa mansion, a Tudor-style home built in 1934 with 4,516 square feet of living space, sold last month for about $2.4 million and along with other multimillion-dollar homes helped produce a median price spike for Oahu homes sold last month.

Home price increases in Honolulu remain the highest in the U.S., according to Homes.com.

Ongoing research by the real estate site found monthly increases in all 100 of the markets it measures, and said that in July, Honolulu's 13.51 percent year-over-year increase was the highest of the 100 markets.

The next markets in the top five all are in California.

Among midsize markets, Hilo saw  the largest  year-over-year gain in July at 17.43 percent, while Kahului-Wailuku, Maui, was third with a 13.23 percent year-over-year price increase.

The Homes.com local market index is calculated using sales data from the same homes over time, which site officials say more accurately tracks the monthly growth and decline in prices over a longer period of time.






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