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Hawaii home price increases among the highest in January

    BSN HOMES- 12 FEBRUARY 2013 - Homes on the Wilhelmina Rise area. Honolulu Star-Advertiser photo by Cindy Ellen Russell

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.

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