Colonnade On Greens is a leasehold property and the value of leasehold properties tend to decline as the lease expiration nears. Due to this, a graph of Colonnade On Greens performance is less relevant. Instead, the graph above depicts the fee simple performance of Aiea & Pearl City condos, offering a more meaningful representation of the surrounding market.
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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.
