Honolulu – Highest Residential Real Estate Price Growth in Nation

Prices in the Honolulu market grew 14.79 percent from September 2006 to September 2007 according to the September 2007 LoanPerformance Home Price Index reported by Pacific Business News.  14.79 percent growth for Honolulu was the highest in the nation.

The article also included the market with the biggest drop, which was Riverside-San Bernardino-Ontario market in California seeing the greatest drop at 13.59 percent.

According to the report home prices fell in 17 states tracked by the index, while five states saw price appreciation of between 5 percent and 10 percent.  Hawaii was the only market to experience double-digit growth.

It was reported that the price index covers 956 Core Based Statistical Areas and 659 counties in 50 states and the District of Columbia.