Oahu Median Home Prices Rebound In FebruaryPOSTED: 9:55 am HST March 5,
2007 HONOLULU -- The median price for a single-family home on Oahu climbed $14,500 in February, according to the Honolulu Board of Realtors.The 2.4 percent increase to $614,500 brings the median sales price to its highest level for single-family homes since October when prices were at $645,000.The median-sales price for condominiums on Oahu remained the same. The sales price held at $320,000.The volume of single-family homes was up over the same period last year. The HBR recorded 272 homes sold compared to 248 last year. That number is also up slightly over January's 263 homes.Condominium sales were down by 17.5 percent compared to February 2006. There were 402 condos sold last month, while 487 were sold last year. The number of properties sold in these transactions do not include new home sales of housing developments. Copyright 2007 by TheHawaiiChannel.com All rights reserved. This material may not be published, broadcast, rewritten or redistributed. | KITV on Facebook
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