Condos reach record high prices

If you’re looking to buy your first home, better start saving.

The Honolulu Board of Realtors says the price of a condominium reached an all-time high.

Last month the median price was $386,250.

That’s an almost 7 percent jump from the same time last year.

Condo sales also rose nearly 90 percent. There were 424 units sold last month.

Meanwhile, 297 single family homes were sold last month at a median price of $700,000.

 

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