Housing market on Maui sees uptick in sale prices

Maui’s housing market had a small slowdown in sales volume while median prices rose in October, according to data from the Realtors Association of Maui.

The number of single-family houses sold on the Valley Isle ticked down by 2 percent, or by two units, to 80 last month from 82 in the same month last year.

The median sale price conversely moved up 4 percent to $564,000 from $540,000.

The gain in the median price, which is a point at which half the sales were at a higher price and half at a lower price, were largely driven by the most active area for sales on the island, Central Maui.

In Central Maui the median was $499,500 based on 28 sales last month compared with $419,365 on the same number of sales a year earlier.

There also were three sales for a median $2.6 million in the Wai­lea/Makena resort area last month compared with two sales for a median $1.3 million a year earlier.

Maui’s condominium market saw sales slip 4 percent, or by four units, to 94 last month from 98 a year earlier.

The median price rose 17 percent to $407,000 from $347,500.

Driving much of the median gain was activity in Central Maui, where there were 18 sales last month for a median $324,000 compared with 12 sales a year earlier for a median $271,500.