Maui Home Sales Down in FebruaryMarch 18, 2014, 3:34 PM HST · Updated March 18, 3:36 PM 0 Comments
By Wendy Osher
Home sales on Maui were down in February with a total of 60 homes sold for a median price of $560,000, according to new data released by the Realtors Association of Maui.
That’s five less units sold than the previous month, and six less than the same time last year. The median price of homes sold on Maui was down $135,000 from January, but up $22,500 from the same time last year, according to the report.
The greatest number of homes sold in February were in Kīhei where 17 homes sold for a median price of $580,000, followed by Central Maui where 15 homes sold for a median of $404, 195, according to RAM data.
The Realtors Association of Maui also reported a decrease in condo sales with 87 units sold in February–that’s down six units from the previous month, and down 12 units from the same time last year.
The median price for a condo in February was $345,000, down from the January median of $441,000, and the $360,000 price tag at the same time last year, according to the RAM.