Over the past 3 years, an average of 8 fee simple condos sold per year in Hale Ka Lae. This small sample size means the graph may not capture the full market picture.
The Hale Ka Lae graphs use median data points instead of averages, as the median is less affected by extreme outliers and better reflects typical trends.
We exclude Leasehold data from this market analysis because Leasehold properties do not compare with regular Fee Simple properties.
We use median instead of the average because it depicts more accurately a central tendency to the sample size. Example: Take 5 numbers - 3, 5, 7, 9, 21. The median is 7 (the middle number) and the average is 9 (sum of all divided by 5).
We count days on market from listing date through closing date.
