Home prices are up on Maui from last month but remain down from this time last year. March did see an upswing in sales in Maui County.
A total of 52 single-family homes were sold in March, including 51 on Maui and 1 on Molokai. This is a sixty percent increase from February’s 31 sales, but it is down 45% from March of 2008. In that month, 95 houses were sold, according to data provided by the Realtors Association of Maui.
The median price of a single family home was $620,000 in March of 2008, but dropped in March of this year to $504,500. This is a decrease of 19%. Year-to-date sales are down by half. In condos, the median price dropped 39% from $538,500 to $331,000. Condos saw almost half as many sales this year as last.
If you are interested in new developments on Maui, we recommend a look at the wonderful Lanikeha project. For vacant land sales, check the Kaanapali Golf Villas. There are also some very nice Puamana Condos for sale. Remember, if you have any questions not answered on our website, you can call (800) 367-5632 or email us at . We would love to assist you. Mahalo!