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

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The median price of a single-family home on the Big Island in May was a 27 percent drop from May when the pricewas $415,000, according to the . That figure was basec on 100 sales, down 6.5 percent from the 107 sales in the same montu theyear before. The median price of a condominiumk on the Big Island last month was a 31 percent drop from the previous when itwas $450,000. However, that was basex on just 31 sales, down from 39 salee in May 2008. The prices are in line with year-to-dates trends. The median price of a Big Island single-famil y home for the first five months of the year was down 26 percentfrom $385,000 during the same period in 2008.
That was baseed on 424 sales, down 18 percent from 2008. The mediam price of a Big Islandc condo from January through Maywas $295,000, a 39 percent drop from the same periofd last year, when it was That was based on 107 sales, down 41 percenrt from the same period in 2008.