Over the past three years, an average of 0.3 condos have been sold in Kahana Kai. Due to the small sample size, this carries relatively low statistical significance.
The graph above, therefore, represents all Salt Lake/Moanalua, which provides a larger dataset and greater statistical significance for drawing meaningful conclusions.
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.
