Prices for residential real estate on Maui were higher in February, but sale volume was mixed between single-family houses and condominiums, the Realtors Association of Maui reported Friday.
The trade group said there were 63 single-family homes sold last month, down 9 percent from 69 sales in the same month last year. The median price was $672,575, up 13 percent from $595,000 in the same period.
HOME SALES
The number of homes sold on Maui in February with the median price and percentage change from the same month last year.
Feb. 2017 >> 63 sales >> Median Price: $672,575
Feb. 2016 >> 69 >> $595,000
Change >> -8.7% >> 13%
CONDOS
Feb. 2017 >> 113 sales >> Median price: $465,000
Feb. 2016 >> 104 >> $431,950
Change >> 8.7% >> 7.7%
Source: Realtors Association of Maui
Most of the single-family home sales took place in Central Maui, where there were 23 sales for a median $570,000 last month compared with 23 sales for a median $517,500 a year earlier. In Kihei there were 13 sales for a median $765,000 last month compared with 14 sales for a median $563,750 a year earlier.
Condo sales on Maui rose 9 percent to 113 in February from 104 a year earlier. The median price rose 8 percent to $465,000 from $431,950.
More million-dollar condo sales in the Wailea-Makena resort area helped drive the median price higher. There were 18 sales for a median $1.7 million last month in this area, compared with nine sales for a median $1.2 million a year earlier. In the midsection of the condo market in Kihei, there were 45 sales for a median $403,900 last month compared with 31 sales for a median $420,000 a year earlier.
