comscore Maui housing market flat in February, except for condo prices | Honolulu Star-Advertiser
Business | Top News

Maui housing market flat in February, except for condo prices

[ AD HAS BEEN REMOVED FROM THIS STORY ]

More million-dollar condominium purchases provided a bit of zest to what was mostly a bland month for Maui County’s housing market in February.

Data released Sunday by the Realtors Association of Maui showed the median condo sale price last month soared 38 percent to $475,000 from $345,000 a year earlier.

The jump largely was produced by more high-end condo sales in regions with master-planned resorts that countered a sales drop in one area with more moderate-priced condos last month.

In four regions where median condo sale prices are around $1 million or more — Wailea/Makena, Kaanapali and Lanai — there were nine more condo sales in February than there were in the same month last year.

By contrast, there were nine fewer sales in the Napili/Kahana/Honokowai area where the median sale price was $477,000 last month.

Overall, there were 93 condo sales last month compared with 89 a year earlier.

In Maui’s biggest submarket for condos, Kihei, there were 30 sales for a median 357,500. A year earlier there were 31 sales for a median $305,000.

Maui’s single-family house market was flat for both sales volume and median price.

There were 60 sales last month, unchanged from a year earlier. The median price was down less than 1 percent to $558,625 from $560,000 in the same period.

Comments have been disabled for this story...

Click here to see our full coverage of the coronavirus outbreak. Submit your coronavirus news tip.

Be the first to know
Get web push notifications from Star-Advertiser when the next breaking story happens — it's FREE! You just need a supported web browser.
Subscribe for this feature

Scroll Up