Single family home prices set a record according to the Realtors Association of Maui. In April the median sale price was $819,500. This is the first time since 1993 that median prices have broken the $800,000 mark.
Kapalua had the biggest home sale in April at $3.3 million, with the majority of home sales in Wailuku coming in at a median price of $702,290. Median condo sale prices came in at $440,000. The most expensive condo sale came in Kapalua at $2.9 million. Largest number of condos sold were located in Kihei at a median price of $429,000.
Pending sales also increased for single family homes to 24.2%. with pending condo sales declining 4.8%. Both single family homes and condominiums had a decrease in days on the market. Single family homes decreased 22.3% and condos 12.1%.
Homes listed in competitive price ranges are the most attractive to buyers. Make sure to contact The Hansen Ohana with questions regarding buying and/or selling today!