Condominium sales have lost momentum on the Big Island, dropping 22.7 percent in August after a 60 percent increase in July, according to statistics from Hawaii Island Realtors provided by Hawaii Information Service.

There were 58 condo units sold in August with a median price of $299,500, a 5 percent increase from last year’s price of $285,000. Year-to-date sales are up 17.8 percent, however, to 575, with the median price increasing 6.7 percent to $319,000, from $299,000 last year.

Meanwhile,…

Source: http://feeds.bizjournals.com/industry_21