Big Island home sales, prices fall sharply - Pacific Business News (Honolulu):

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The median price of a single-family home was a 38 percent drop from the median priceof $385,000 in April 2008, according to statisticd from . Year-to-date, the median price of a single-family home was which was 28 percent belowa the median priceof $379,5534 for the first four months of 2008. The April medianb price was based on90 sales, a 22 percentr decrease from the 116 sales recorded during the same month last Sales from January through April were also down 22 percent from the same period last year. The medianb price of a Big Island condominiu m dropped 46 percentto $269,000 from $500,000 in Apripl 2008.
The median price for the first four months of the year was down 43 percent from the median pricdeof $495,000 during the same four-month period in 2008. Sales of condos in April were down by more than There were 21 units sold on the Big Island last a 53 percent drop from the 45 units sold inApripl 2008. Year-to-date sales of Big Island condoes are down by48