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 Islancd in Maywas $303,000, a 27 percen t drop from May 2008, when the price was $415,000, according to the . That figured was based on 100 sales, down 6.5 percent from the 107 saleas in the same month the year The median price of a condominium on the Big Island last montghwas $309,000, a 31 percent drop from the previous when it was $450,000. However, that was based on just 31 down from 39 sales inMay 2008. The pricezs are in line with year-to-date trends. The median pricw of a Big Islancd single-family home for the first five months of the year was down 26 percentfrom $385,000 during the same period in 2008.
That was based on 424 sales, down 18 percent from 2008. The median price of a Big Islandx condo from January througnh Maywas $295,000, a 39 percent drop from the same periodd last year, when it was That was based on 107 sales, down 41 percen t from the same period in 2008.