Oahu luxury home sales off to fast start in 2019, but with a lower median price

Sales of luxury single-family homes and condominiums on Oahu increased by 25 percent in January compared to the same month in 2018, but the median price of homes sold for $1.5 million and above last month dropped by 11 percent, according to a monthly report from Coldwell Banker Pacific Properties.

Sales of 30 residential properties — 25 single-family homes and five condominiums, not counting new development sales — closed for prices ranging from $1.5 million to $12 million in January, an increase…

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