Posted at 11:42 a.m., Wednesday, October 18, 2006
O'ahu condo prices hit record $315,000 in 3rd quarter
Advertiser Staff
Sales of both existing single-family homes and condominiums in Honolulu declined in the third quarter from the same period a year earlier, although the median sales price for condos rose to a record $315,000.The median price for a single-family home rose to $635,000 in the third quarter, up 3.3 percent from the same period a year earlier, but down 0.8 percent from the second quarter of this year.
The median condo price represented a 12.5 percent increase from the same quarter a year earlier and 3.3 percent rise from the second quarter of this year.
The volume of single-family home sales fell to 1,089, an 18 percent decline from the same quarter a year earlier. Condo sales totaled 1,559, down 32 percent from the same period a year earlier.
