Competitive prices cause Kaneohe home sales to surge in February

Sales of single-family houses doubled in Kaneohe in February as prices increased, though they were still more competitive than in the neighboring area of Kailua, where home prices passed $1 million. According to the Honolulu Board of Realtors' monthly local market update, Kaneohe home sales doubled last month to 16, while the median price increased 12 percent to $847,500, from $757,500 last February. Meanwhile, Kailua single-family home sales increased 14 percent to 16 in February, from 14 last…

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