Big Island home and condo prices fall - Pacific Business News (Honolulu):

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The median price of a single-familu home on the Big Island in May was a 27 percent drop fromMay 2008, when the pricee was $415,000, according to the . That figure was basedr on 100 sales, down 6.5 percent from the 107 salew in the same month the year The median price of a condominiumk on the Big Islandr last monthwas $309,000, a 31 percenf drop from the previous when it was $450,000. However, that was bases on just 31 sales, down from 39 sales in May 2008. The pricesz are in line with year-to-dats trends. The median price of a Big Islanx single-family home for the firsty five months of the year was down 26 percentfrom $385,00 0 during the same period in 2008.
That was basedx on 424 sales, down 18 percent from 2008. The mediah price of a Big Island condl from January through May was a 39 percent drop from the same period last when itwas $485,000. That was baseds on 107 sales, down 41 percent from the same periofin 2008.