Oahu Median Home Price Tops Half a Million
For the first time, the median price of a previously owned single-family home on Oahu rose to the half-million-dollar level in January, 2005. Here, the median of $505,000 represented a 26.3 percent increase over the $400,000 measure of January, 2004, according to data supplied by the Honolulu Board of Realtors today. Realtor board President Judith Kalbrener described these figures as a "robust start" for the current year.
Also, with 570 transactions, Oahu condominium sales were up 2.2 percent over the 558 sold in January, 2004. The median condo price in January was $224,000. In 2004, the figure was $187,000 for the same month.
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