Home Sales Down, Condo Prices Up

December 10, 2012, 5:36 PM HST
Listen to this Article
1 minute
Loading Audio...

The sales volume of Big Island homes and condos decreased last month and while the sales volume of condos also fell, condo prices rose a dramatic 46%.

According to data released by Hawaii Information Service, the median price of a single-family home on the Big Island in November was $245,000 a decrease of only 1% from the median price of $248,500 the same month a year ago.

Sales volume of single-family homes saw a more substantial decrease with 116 homes sold last month, an 11% decrease from the 130 sold in November 2011.

There were 22 condo sales last month, down 22% from 28 sales during the same month last year.

The only increase in housing data last month was the substantial median price of condos.


Last month the median price of a Big Island condo was $250,000, a jaw-dropping 46% increase over the median price of $171,500 in November 2011.

Subscribe to our Newsletter

Stay in-the-know with daily or weekly
headlines delivered straight to your inbox.
Mahalo for Subscribing


This comments section is a public community forum for the purpose of free expression. Although Big Island Now encourages respectful communication only, some content may be considered offensive. Please view at your own discretion. View Comments