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Wednesday, April 23, 2014         

OAHU HOME SALES


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Modest increase in market sets record high prices

The median for single-family homes reaches $650,000 and is forecast to hit $800,000 next year

By Andrew Gomes

POSTED: 01:30 a.m. HST, Jan 07, 2014

~~<p>Last year was a record year for Oahu's housing market, as the median price for single-family houses and condominiums reached new highs. Yet, the growth was a relatively modest 5 percent, which economists predict will pale in comparison with much stronger gains this year and beyond.</p>
<p>The median price for single-family houses rose to $650,000 last year from $620,000 the year before and eclipsed the prior record of $643,500 set in 2007, according to Hono&shy;lulu Board of Realtors data released Monday.</p>
~~

Last year was a record year for Oahu's housing market, as the median price for single-family houses and condominiums reached new highs. Yet, the growth was a relatively modest 5 percent, which economists predict will pale in comparison with much stronger gains this year and beyond.

The median price for single-family houses rose to $650,000 last year from $620,000 the year before and eclipsed the prior record of $643,500 set in 2007, according to Hono­lulu Board of Realtors data released Monday. Login for more...



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