Hawaii’s 14.6% home price increase makes it fourth-highest in U.S.

Hawaii’s 14.6% home price increase makes it fourth-highest in U.S.
Staff Pacific Business News | Apr 3, 2013, 12:59pm HST

Hawaii had the fourth-highest home price appreciation in the nation in February, with prices increasing by nearly 15 percent year over year, according to a report by CoreLogic.

Nevada had the highest year-over-year home price appreciation for February, when distressed sales were included, with a 19.3 percent increase, followed by Arizona at 18.6 percent, California at 15.3 percent and Hawaii at 14.6 percent, according to the report by Irvine, Calif.-based CoreLogic (NYSE: CLGX).

Excluding distressed sales, Hawaii moved up to third-highest price appreciation at 15.5 percent, following Nevada and Arizona.

Nationally, home prices increased by 10 percent compared to February 2012, the largest year-over-year increase since March 2006, CoreLogic said. March prices are expected to rise by 10.2 percent year over year, the report said.