33 percent decrease in Ewa homes sold last month - Hawaii News Now - KGMB and KHNL

33 percent decrease in Ewa homes sold last month

HONOLULU (AP) - The Oahu community where the most single-family homes closed last month was in the Ewa Plain area, while the most condos were sold in Waikiki.

That's according to data from the Honolulu Board of Realtors.

Thirty-two single-family homes sold in the Ewa Plain, a decrease of 33 percent compared to March 2011. Sixty-eight condos sold in Waikiki, the same amount sold during the same month last year.

The Waialae-Kahala area had the highest median price for a single-family home at $1.4 million, a 23 percent increase. The area's median condo price was $650,000, a 77 percent increase.

The Makaha-Nanakuli neighborhood had the lowest median sales prices in March. A single family home median price was $295,000, an 11 percent increase. The median condo price was $97,750, a 10 percent increase.

Copyright 2012 The Associated Press. All rights reserved.

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