Hawaii Paradise Properties 808-989-9665
Date: Monday, December 5, 2011, 11:47am HST – Last Modified: Monday, December 5, 2011, 12:10pm HST
Home sales on the Big Island saw double-digit gains in November, but prices lagged behind last year, according to data from the Hawaii Information Service .
There were 129 single-family homes sold on the Big Island last month, 18 percent more than the 109 homes sold in November 2010.
The median price of a single-family home on the Big Island last month was $250,000, which was 4 percent less than $260,000 a year ago.
There were 35 condominiums sold on the Big Island last month, which was 21 percent more than 29 sales in November 2010.
The median price of a Big Island condo, however, was $179,000, which was a 38 percent decrease from $288,000 in November 2010.
Year-to-date statistics show that single-family home sales for the first 11 months of the year were more than 9 percent higher than the same period in 2010, but the median price was 6 percent lower. Condo sales for the first 11 months of the year were 18 percent higher than the same period in 2010, but the median price was 19 percent lower.
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