Maui Real Estate Market A Live And Well

Median home price falls on Maui


These are statistics from the Honolulu Advertiser this morning that Maui's median price for a single-family home dropped to $644,000, while Maui condo prices hit a six-month high of $590,000 in August. Again with high hotel prices per night and vacation rentals shut down through our the island. Maui condos for sale are sought after. Even though the mainland market is questionable, Maui remains strong.
The median sales price for single-family homes was down from $650,000 in July and $749,500 in August 2006. It also was well below the peak of $780,000 in July 2006, according to the Realtors Association of Maui.
The median sales price for a condo rose from $510,000 in August and $495,000 in August 2006. Condo prices peaked at $649,000 in June 2006 Maui homes for sale values tend to soften this year. Kihei Maui condominiums for sale are still a very strong market. South Maui is a major destination for visitor’s affecting the condo market in a positive way. Check this link for a list of Wailea Maui condominiums for sale.
Overall activity in Maui's real estate market remains strong, with 793 single-family homes sold through August, which was up 15 percent from the 687 homes during the year-ago. If you are looking for Kihei Maui condominium for sale or Wailea Maui Condominiums for sale. Nickens Team, Coldwell Banker Island can help you. Email us or set up an appointment at out Shops At Wailea office