Maui Business

Maui Home Sales Down in October, Median $564,000

November 30, 2014, 10:37 AM HST
* Updated December 1, 11:23 AM
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Maui home sales. Maui Now image.

Maui home sales. Wendy Osher/Maui Now image.

By Wendy Osher

Home sales on Maui were down in October from the same time last year with a total of 80 homes sold for a median price of $564,000, according to new data released by the Realtors Association of Maui.

That’s 15 units less than what was sold in the previous month, and 2 units less than the 82 units that were sold at the same time last year.

The median price of homes sold on Maui was down $6,000 from September, and up $24,000 from the same time last year, according to the report.

The greatest number of homes sold in October were in Central Maui where 28 homes sold for a median price of $499,500, followed by Kīhei where 10 homes sold for a median of $706,950, according to RAM data.

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The Realtors Association of Maui reported an increase in condo sales from month before levels with 94 units sold in October–that’s up 14 units from the previous month, but down 4 units from the same time last year.

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The median price for a condo in October was $407,000, down from the September median of $462,500, and up from the $347,500 price tag at the same time last year, according to the RAM.

The greatest number of condos sold in October was in Kīhei where 31 condos sold for a median price of $304,000, followed by Central Maui where 18 condos sold for a median of $324,000, according to RAM data.

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