Posted at 2:17 p.m., Wednesday, March 2, 2005
Oahu median home price hits record $525,500
By Andrew Gomes
Advertiser Staff Writer
The median price for a single-family home rose to a record $525,500, up 28 percent from $410,000 a year earlier, and 4 percent higher than $505,000 in January.
The median, a midpoint where half of all sales were for more and half for less, also reached a record for condominiums at $235,000. That was up 25 percent from $188,000 a year earlier and up 5 percent from $224,000 in January.
Single-family home sales volume dropped 9 percent to 266 last month, compared with 293 sales a year earlier. Condo sales were up 17 percent to 525, compared with 449 in the same period.
Reach Andrew Gomes at firstname.lastname@example.org or 525-8065.