The number of home sales on the Big Island declined last month and the median price of a single-family home fell below $400,000, although condominium prices were up.
The median price of a single-family home on the Big Island in February was $395,000, a 7 percent decrease from February 2007, when it was $425,000, according to statistics provided by Hawaii Information Service.
The median price was based on 99 sales, down from February 2007 when there were 128 sales.
The median price of a Big Island condominium last month was $435,500, a 13 percent increase over February 2007, when it was $400,000.
That price was based on 26 sales, down from February 2007 when there were 34 sales.
credited by: bizjournals.com
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