Report: Resort home sales in Hawaii increased last year

Published 08-21-2018

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HONOLULU (AP) - A Hawaii housing report shows that the number of resort homes sold last year increased, reaching the highest level of sales in a decade.

The Honolulu Star-Advertiser reports more than 1,500 residential properties at resorts in Hawaii were purchased last year, rising by 16 percent from the more than 1,300 sold the previous year.

Housing market researcher Ricky Cassiday says in the report that prices have been flat on average for the last three years, but that could change next year in part due to the strong economies in areas that supply many of the resort home buyers.

According to the report, the average price of condominiums, single-family homes and residential lots last year was $1.3 million, unchanged from the two previous years.

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Information from: Honolulu Star-Advertiser, http://www.staradvertiser.com

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