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Oahu home sales volume & price fall in Feb. from year ago

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

The volume of sales and median price for existing single-family homes on Oahu fell in February from the same month a year ago, the Honolulu Board of Realtors reported today.

There were 201 single-family homes sold during the month, down 7.4 percent from 217 sold in February 2012. The median sales price fell to $600,000, a 4 percent decline from $625,000 a year earlier.

Sales volume and median prices for condominiums, meanwhile, rose from a year ago. There were 279 condos sold last month, up 22.9 percent from 227 in February 2012. The median price rose to $340,000 from $315,000, an increase of 7.9 percent.

The Board of Realtors also reported that both single-family homes and condos sold at a faster pace in February  compared with a year earlier. Single-family homes and were on the market for 25 days in February, down from 32 days a year earlier. Condos were on the market for 34 days, down from 43 days a year earlier.

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