Honolulu Star-Advertiser

Wednesday, December 11, 2024 77° Today's Paper


Top News

Oahu’s median home sale price tops $1M again

STAR-ADVERTISER / 2015
                                Homes are seen in the Wilhemina Rise area of Kaimuki.

STAR-ADVERTISER / 2015

Homes are seen in the Wilhemina Rise area of Kaimuki.

September marked a second month in a row with a $1,050,000 median sale price for single-family homes on Oahu, according to a report released today.

The Honolulu Board of Realtors report showed that last month’s figure represented a 19% rise from $880,000 a year earlier.

August was the first time Oahu’s median single-family home sale price reached or topped the $1 million mark.

For Oahu’s condominium market, the median sale price rose 7% to $478,000 in September from $445,000 during the same month last year. A record was set in August at $500,000.

The trade association counts sales of previously owned homes, and the median price represents a point at which half the sales were for more and half for less.

Sales volume last month rose in both parts of the market, but was considerably stronger for condos.

There were 615 condo sales in September, up 35% from a 456 year earlier. The number of single-family home sales rose 8% to 424 from 391 in the same period.

By participating in online discussions you acknowledge that you have agreed to the Terms of Service. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. If your comments are inappropriate, you may be banned from posting. Report comments if you believe they do not follow our guidelines. Having trouble with comments? Learn more here.