#housing affordability index
Condo closings fall in wake of short-term rental phase-out bill announcement
Closings of condominium sales have dropped by double-digit percentages in the three months since Mayor Richard Bissen announced a proposal to phase out thousands of short-term rentals in apartment-zoned districts, according to monthly statistics from the Realtors Association of Maui.
Maui Realtors’ report: Single-family home median prices top $1.3 million in January
The median sales price of a single-family home in Maui County spiked to $1,342,581 in January, the highest cost for island homeownership in at least a year, according to statistics reported monthly by the Realtors Association of Maui. Median condominium prices increased more, by percentage, up 20.9% to $795,000.
