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Honolulu ranks 9th in U.S. for most-expensive real estate markets

By Star-Advertiser staff

LAST UPDATED: 11:48 a.m. HST, Sep 22, 2010


Honolulu is the ninth-most expensive real estate market in the country with an average listing price of $1.03 million, according to a report yesterday by Coldwell Banker. 

The report looked at more than 18,000 four-bedroom, two-bath properties listed on ColdwellBanker.com between February and August in the nearly 300 markets where the real estate firm has a presence.

Newport Beach, Calif. ($1.83 million), Palo Alto, Calif. ($1.48 million) and Rye, N.Y. ($1.33 million) occupied the top three spots.

The report didn't indicate whether those homes eventually sold or, if they did, at what price.

The Honolulu Board of Realtors, which reports monthly numbers, typically focuses on the median price of houses sold. In August, the Oahu median sales price -- half of the homes sold above that price and half below --  was $645,239.   

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