Updated at 1:41 p.m., Thursday, February 8, 2007
Honolulu ranks 5th on list of most-pricey homes
Advertiser Staff
An online real estate information provider that estimates home values ranks Honolulu as the fifth-most expensive U.S. metropolitan market for single-family homes.Zillow.com said O'ahu's single-family home median value during the 2006 fourth quarter was $626,452. That was lower than $684,459 for San Francisco-Oakland-San Jose, Calif., $654,503 for Salinas, Calif., and $627,323 for Santa Barbara-Santa Maria-Lompoc, Calif.
Zillow, which estimates home values in part by comparing sales prices of similar homes in an area, said O'ahu's fourth-quarter value was down from the 2005 fourth-quarter value of $619,194. The peak estimated value by Zillow for O'ahu was $658,557 in the 2006 second quarter.
The Honolulu Board of Realtors, which lists prices for homes sold during each quarter, reported O'ahu's median single-family home sale price was $620,000 in both the fourth quarter of 2005 and 2006, with a peak of $640,000 in the 2006 second quarter.
