Honolulu No. 45 for home prices

Advertiser Staff

Honolulu ranks as the 45th most-expensive market for homes, according to a survey by Coldwell Banker Real Estate Corp. released yesterday.

The 2001 Home Price Comparison Index, which looks at more than 300 markets nationwide, found the average Honolulu home sales price to be $442,250, based on a 2,200-square-foot, single-family home with four bedrooms, 2 1/2 baths, a family room and a two-car garage.

Seven of the 10 most expensive markets were in California. Palo Alto topped the list, where a comparable home cost $1.23 million. The least expensive market was Minot, N.D., at $119,000.

Honolulu ranked 41st in the survey last year.