Posted at 11:19 a.m., Thursday, October 2, 2003
Prices, sales of local homes rise
Advertiser Staff
Prices and sales of existing homes on O'ahu rose last month, marking some of the biggest gains this year, according to Honolulu Board of Realtors figures released today.September single-family home resales were up 26.6 percent over September 2002, to 419 from 331, and buyers paid a median of $395,000 — an all-time high.
Condominium resales were up 54.5 percent, to 703 from 455, marking the second-highest volume since the board began keeping records in 1987.
The median price, which is a point where half the prices were higher and half lower, was $180,000 for condos.
