Tag Archives: realtors association of maui

Median Home Prices Set Record

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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!

Median Home Prices Climb

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October median prices came within $6000 of the record previously set in May 2005 of $780,000. Coming in at $774,223 this is a 15.8 percent increase over the same time last year. October marked the fifth straight month with the median home prices being over $700,000. Total dollar amount in sales is up 4.6 percent compared to the same January to October 10 month span.

Although the median condo price was down in October to $499,000, for the 12 month period of October 2017 to October 2018 condo prices were up 10.2 percent. Inventory of condos for sale was also down 20.3 percent. The total sales amount for condominiums however was up 25.5 percent for January to October 2018 timeframe.

For more statistics and to see the full report, the Realtors Association of Maui October 2018 report is available if you click on the market statistics icon.