Oahu home sales, prices increase in March

Oahu condominium market sees boost in March; sales, prices also up for single-family homes

Associated Press

HONOLULU (AP) -- New monthly figures show that Oahu real estate sales and prices increased last month.

The Honolulu Board of Realtors said Monday condominium sales surged 73 percent from the same month last year to 585.

The figures include sales from a sold-out condominium called Holomua, which accounted for almost one-third of all units that changed hands.

The median price for a condo rose 11 percent to under $350,000.

Meanwhile, the median price for a single-family home in March was $640,000, up more than 2 percent from last year. More than 230 homes sold, up 4 percent.

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