Median Sales Price for all the Island of Oahu in 1997 was $307,000 for single family homes and $150,000 for condominiums (Honolulu Board or Realtors). The above map shows the Median Sales Price for homes on the Island of Oahu by area as reported by the Honolulu Board of Realtors. It is important to know the meaning of Median: It is a mathematical term which describes the Midpoint of a series of numbers sorted in order. It is the number in the Middle of the series so that Half of the numbers are less than the Median and half are above. For example if five homes were sold for the following prices: $100,000, $100,000, $200,000, $700,00 and $900,000. The Median Sales Price is the one in the middle which is $200,000. The average price will be $400,000. The Median Sales Price (MSP) is always used when reporting sales prices.
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We provided this material for informational and educational purposes only. This material is not intended as an offer to sell, rent or advertise real estate outside the State of Hawaii. Del Osman Realty Inc., does not make any representations or warranties concerning the properties mentioned in this site. Property description and other data is from a reliable source - the Multiple Listing data base - but not guaranteed.
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