RAM: Maui Median $705,000 in May

June 17, 2019, 12:25 PM HST · Updated June 17, 12:25 PM
Wendy Osher · 7 Comments
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The median price of a single-family home on Maui dropped to $705,000 in May according to the latest monthly report filed by the Realtors Association of Maui.

That’s down nearly -14% from the month before when the median was listed at $819,500; but up +18.7% from the same time last year when the median was $690,000.

The RAM reports that the median price of a single family home year-to-date is $740,000, up +7.6% from the 2018 YTD figure, when the median was $688,025.

On Maui, there were 133 home sales in May, up more than +70.5% from April when 78 homes changed hands.  The greatest number of homes that sold was in Wailuku where 27 units sold for a median price of $655,000, followed by Kīhei and Kahului where 18 homes in each of those areas for a median price of $762,500 and $652,750 respectively.

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In the condominium market, the median price was $518,500 in May, up +16.6% from the month before when the median was $444,444.  Year to date, the median price for a condo is $517,000, up +6.7% from the $484,650 price reported at the same time last year, according to RAM May data.

A total of 142 condos sold in Maui County in May, with the majority (54 units) sold in Kīhei for a median price of $437,500.

Wendy Osher
Wendy Osher leads the Maui Now news team. She is also the news voice of parent company, Pacific Media Group, having served nearly 20 years as News Director for the company’s six Maui radio stations.

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