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Oahu Median Home Prices Rebound In February

POSTED: 9:55 am HST March 5, 2007
UPDATED: 10:26 am HST March 5, 2007

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.


Oahu Median Resale Prices
Month, Year
Single Family
Condominium
February 2007
$614,500
$320,000
January 2007
$600,000
$320,000
December 2006
$613,500
$315,500
November 2006
$610,000
$310,000
October 2006
$645,000
$310,000
September 2006
$620,000
$320,000
August 2006
$635,000
$305,000
July 2006
$660,000
$329,000
June 2006
$639,000
$310,000
May 2006
$668,300
$306,000
April 2006
$615,000
$296,500
March 2006
$650,000
$312,000
February 2006
$613,500
$315,000


The number of properties sold in these transactions do not include new home sales of housing developments.

Oahu Resale Volume
Month, Year
Single Family
Condominium
February 2007
272
248
January 2007
263
418
December 2006
346
458
November 2006
293
421
October 2006
296
425
September 2006
359
481
August 2006
351
580
July 2006
379
498
June 2006
368
641
May 2006
374
605
April 2006
332
584
March 2006
392
696
February 2006
248
487
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