MAUI CONDO & HOME SALES ARE DOWN IN SEPTEMBER
Maui home sales were down in September from both month before and year before with a total of 82 homes sold for a median price of $667,500, according to the Realtors Association of Maui. This is 14 units less than what was sold in the previous month, and 15 units less than the 97 units that were sold in September 2015. The median price of homes sold was down $4,563 from August, and up $94,200 from the same time last year. Central Maui saw the most homes sold, where 20 homes sold for a median price of $572,438, then followed by Kīhei where 13 homes sold for a median of $620,000.
There was a sharp decline in condo sales from month before levels with 98 units sold in September, this is 26 units less than he previous month, and 12 less than 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. The most condos sold in September was in Kihei where 43 condos sold for a median price of $340,000, then followed by Napili/Kahana/Honokowai where 19 condos sold for a median of $403,000.
For an indepth analysis of Maui’s current Real Estate Market, contact your local Maui real estate expert, Michele Muir White R(S), ABR, Coldwell Banker Island Properties Wailea, 808.298.8448, MicheleWhite@Hawaii.rr.com. A hui hou!