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Maui Home, Condo Sales Down in September

Posted October 17, 2016, 01:01 PM HST
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Maui home sales. Maui Now image.

Maui home sales. Maui Now image.

Home sales on Maui were down in September from both month before and year before levels with a total of 82 homes sold for a median price of $667,500, according to new data released by the Realtors Association of Maui.

That’s 14 units less than what was sold in the previous month, and 15 units less than the 97 units that were sold at the same time last year.

The median price of homes sold on Maui was down $4,563 from August, and up $94,200 from the same time last year, according to the report.

The greatest number of homes sold in September were in Central Maui where 20 homes sold for a median price of $572,438, followed by Kīhei where 13 homes sold for a median of $620,000, according to RAM data.

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The Realtors Association of Maui reported a sharp decline in condo sales from month before levels with 98 units sold in September–that’s down 26 units from the previous month, and down 12 units from the same time last year.

The median price for a condo in September was $377,000, down from the August median of $420,000, and also down from the $399,500 price tag at the same time last year, according to the RAM.

The greatest number of condos sold in September was in Kīhei where 43 condos sold for a median price of $340,000, followed by Nāpili/Kahana/Honokōwai where 19 condos sold for a median of $403,000, according to RAM data.

Wendy Osher
Wendy Osher leads the Maui Now news team. She is also the news voice of parent company, Pacific Media Group, having served more than 15 years as News Director for the company’s six Maui radio stations.

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