Oahu Condo Sales Hit Five Year High in October

Oahu Condo Sales Hit Five Year High in OctoberSales of condominiums on Oahu last month soared more than 30 percent compared to a year ago, reaching their highest point since August 2007.

And sales of single-family homes jumped by more than 25 percent, according to the Honolulu Board of Realtors.

Median prices also rose — to $625,000 for single-family homes, an increase of 7.9 percent from $579,000 in October 2011, and to $325,000 for condos, 6.6 percent higher than $305,000 last year.

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