Home sales on the Big Island fell in December, mirroring the trend of a drop in sales of about 30 percent for all of 2008.
Prices of single-family homes fell during December, but held to modest decreases for the year, according to statistics from Hawaii Information Service.
Publication: Pacific Business News
Date of Publication: January 5, 2009
Article URL: http://pacific.bizjournals.com/pacific/stories/2009/01/05/daily8.html?surround=lfn
Comments by Sachiko
According to the artcile, the median price for a single-family home on the Big Island in December was $297,500, a 22 percent drop from the same month in 2007, when it was $380,000. The median price for a single-family home for the year was $345,000 — 13 percent below the median price for 2007, which was $395,000.
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